CBU Options History — September 2014

In September 2014, CBU traded between $33.59 and $35.82. ATM implied volatility averaged 40.0%, placing in the 35.7% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 26.4% (HV 20d: 13.6%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2014-09-09: Largest IV spike — 50.3% change
  • 2014-09-10: Highest IV Rank — 54.7%
  • 2014-09-17: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.99$33.59$35.82$35.72$33.59
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV40.0%30.0%54.1%46.0%45.2%
Expected Move6.4%5.3%7.6%5.9%5.3%
HV 20d13.6%12.4%15.0%14.7%13.2%
HV 60d16.3%15.5%17.1%17.1%15.5%
IV Rank35.7%22.6%54.7%43.9%42.5%
IV Percentile92.1%85.7%97.6%96.8%95.6%
Term Structure-9.4%-23.9%0.3%-13.0%-15.7%
Skew 25d1.9%-12.5%12.6%4.5%12.1%
Skew 10d1.8%-12.4%19.1%-4.3%17.5%
Call IV 25d31.4%18.9%46.5%40.2%46.5%
Put IV 25d33.3%21.7%58.6%44.6%58.6%
Bid-Ask Spread %126.16117.80128.86127.99127.23
Gamma HHI0.440.370.550.380.43
Net GEX1.1K-1.9K2.7K2.6K21
Net DEX-53.3K-198.3K84.9K-176.8K60.8K
Net VEX-1.1K-1.3K-789-1.2K-846
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI204.333190233233190

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-09-02$35.72$40.0046.0%5.9%14.7%43.9%0.0%4.5%-13.0%2.6K-176.8K-1.2K0.00127.990015281
2014-09-03$35.50$40.0030.0%6.6%14.9%22.6%0.0%-12.5%-13.4%2.7K-165.7K-1.3K0.00123.660015281
2014-09-04$35.39$40.0044.3%5.9%15.0%41.6%0.0%2.2%-14.4%2.4K-158.5K-1.2K0.00126.380015281
2014-09-05$35.43$40.0044.8%6.0%14.2%42.3%0.0%2.8%-1.7%-122-156.8K-1.1K0.00128.440015281
2014-09-08$35.65$40.0034.2%6.8%12.6%28.1%0.0%3.8%-0.9%1.8K-168.2K-1.1K0.00121.000015281
2014-09-09$35.42$40.0051.4%6.3%12.8%51.1%0.0%9.0%-7.6%2.5K-157.9K-1.2K0.00128.800015281
2014-09-10$35.82$40.0054.1%6.2%13.4%54.7%0.0%11.3%-6.1%2.7K-198.3K-1.2K0.00128.450015281
2014-09-11$35.77$40.0032.4%6.2%13.0%25.8%0.0%10.2%-5.6%1.5K-51.5K-1.1K0.00127.980010981
2014-09-12$35.77$40.0032.6%6.1%12.9%26.0%0.0%8.6%-5.8%1.5K-50.2K-1.1K0.00127.500010981
2014-09-15$35.29$40.0034.1%6.6%13.3%28.0%0.0%4.3%-7.3%839-26.0K-1.1K0.00127.210010981
2014-09-16$34.97$40.0037.9%6.4%12.4%33.1%0.0%1.6%-14.4%900-7.3K-1.0K0.00128.860010981
2014-09-17$34.95$40.0038.9%7.6%12.4%34.5%0.0%5.3%-11.7%965-14.1K-1.1K0.00117.800010981
2014-09-18$35.42$40.0035.6%6.4%12.9%30.1%0.0%-10.1%-8.1%1.1K-32.5K-1.0K0.00128.190010981
2014-09-19$35.01$40.0034.7%6.2%13.0%28.8%0.0%1.3%0.3%1.4K-21.0K-1.1K0.00125.530010981
2014-09-22$34.66$40.0037.0%6.3%13.2%31.5%0.0%-2.1%-2.4%1.1K-8.6K-1.0K0.00128.740010981
2014-09-23$34.11$40.0041.6%6.9%14.2%37.6%0.0%-9.0%-19.0%23840.8K-9440.00123.880010981
2014-09-24$34.34$40.0039.0%6.9%14.2%34.1%0.0%-0.2%-10.5%3634.0K-9490.00125.730010981
2014-09-25$33.94$40.0040.5%7.5%14.5%36.1%0.0%-5.5%-8.3%7789.8K-9740.00119.640010981
2014-09-26$34.09$40.0041.0%6.5%14.0%36.9%0.0%12.6%-23.9%-1.9K84.9K-7890.00128.310010981
2014-09-29$33.87$40.0043.7%6.6%13.9%40.5%0.0%-10.1%-9.0%43543.4K-8680.00128.110010981
2014-09-30$33.59$40.0045.2%5.3%13.2%42.5%0.0%12.1%-15.7%2160.8K-8460.00127.230010981