CBU Options History — February 2023

In February 2023, CBU traded between $58.91 and $62.67. ATM implied volatility averaged 36.8%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 3.9% (HV 20d: 40.7%). Max pain ranged from $45.00 to $60.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.00.

Notable Days

2023-02-03: Highest Volume — 75 contracts
2023-02-06: Largest IV spike — 36.1% change
2023-02-06: Highest IV Rank — 17.4%
2023-02-28: Largest Expected Move — 12.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.83	$58.91	$62.67	$58.91	$61.39
Max Pain	$48.42	$45.00	$60.00	$60.00	$55.00
ATM IV	36.8%	28.8%	47.7%	40.9%	42.5%
Expected Move	9.8%	7.0%	12.2%	11.7%	12.2%
HV 20d	40.7%	26.9%	46.9%	43.2%	26.9%
HV 60d	32.1%	31.3%	33.5%	32.2%	31.4%
IV Rank	11.3%	6.9%	17.4%	13.6%	14.5%
IV Percentile	63.8%	27.4%	88.5%	79.0%	82.1%
Term Structure	-8.3%	-18.1%	6.4%	-7.8%	-17.6%
VWIV	33.5%	26.4%	40.6%	40.6%	26.4%
Skew 25d	-9.5%	-29.6%	25.1%	-22.4%	-24.4%
Skew 10d	1.6%	-24.5%	31.5%	-3.6%	-24.5%
Call IV 25d	42.7%	16.3%	63.4%	62.8%	63.4%
Put IV 25d	33.2%	24.8%	49.4%	40.5%	38.9%
Bid-Ask Spread %	118.24	106.51	128.45	113.37	128.45
Gamma HHI	0.41	0.23	0.59	0.25	0.55
Net GEX	6.1K	-2.5K	10.0K	-2.5K	9.6K
Net DEX	-137.9K	-228.9K	19.7K	19.7K	-171.7K
Net VEX	-1.4K	-1.8K	-923	-1.1K	-1.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	4.526	0	75	4	0
Total OI	305.684	164	385	321	168

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-02-01	$58.91	$60.00	40.9%	11.7%	43.2%	13.6%	40.6%	-22.4%	-7.8%	-2.5K	19.7K	-1.1K	113.37	0	4	229	92
2023-02-02	$61.76	$45.00	41.1%	8.5%	46.6%	13.7%	0.0%	-7.6%	1.0%	8.4K	-115.8K	-1.4K	109.77	2	0	229	96
2023-02-03	$62.67	$45.00	35.1%	7.0%	46.9%	10.4%	0.0%	-5.4%	-6.4%	318	-85.9K	-923	114.29	75	0	229	96
2023-02-06	$61.50	$45.00	47.7%	9.9%	45.5%	17.4%	0.0%	25.1%	-8.0%	6.2K	-177.2K	-1.8K	117.47	0	0	286	96
2023-02-07	$62.27	$45.00	41.3%	8.4%	45.7%	13.8%	0.0%	24.2%	6.4%	8.5K	-228.9K	-1.7K	110.32	0	0	287	96
2023-02-08	$61.63	$45.00	33.0%	9.5%	45.6%	9.2%	0.0%	-2.5%	-5.4%	6.9K	-174.1K	-1.7K	108.09	1	0	287	96
2023-02-09	$60.89	$45.00	30.3%	8.7%	45.7%	7.7%	0.0%	5.6%	-5.2%	2.3K	-164.9K	-1.7K	109.07	0	0	288	96
2023-02-10	$61.26	$45.00	32.0%	9.2%	45.8%	8.7%	0.0%	-16.3%	-1.3%	4.6K	-163.1K	-1.6K	106.52	0	0	288	96
2023-02-13	$61.03	$45.00	28.8%	8.3%	45.7%	6.9%	0.0%	4.1%	0.9%	7.2K	-151.0K	-1.6K	106.51	0	0	288	96
2023-02-14	$60.27	$45.00	36.6%	10.5%	45.1%	11.2%	0.0%	7.2%	-12.5%	3.9K	-109.3K	-1.6K	110.02	0	1	288	96
2023-02-15	$60.65	$45.00	34.2%	9.8%	41.5%	9.9%	0.0%	-19.6%	-10.7%	1.9K	-118.6K	-1.5K	125.17	0	0	288	97
2023-02-16	$60.34	$45.00	32.7%	9.4%	41.6%	9.0%	0.0%	-22.7%	-11.0%	9.5K	-120.5K	-1.5K	127.52	0	0	288	97
2023-02-17	$60.69	$45.00	33.1%	9.5%	41.5%	9.3%	0.0%	-21.1%	1.1%	1.9K	-158.9K	-1.4K	127.21	0	0	288	97
2023-02-21	$60.12	$45.00	36.0%	10.3%	41.5%	10.9%	26.4%	-25.8%	-12.6%	10.0K	-146.2K	-1.3K	127.10	0	2	104	60
2023-02-22	$59.58	$55.00	36.8%	10.6%	41.4%	11.3%	0.0%	-29.2%	-16.1%	9.6K	-140.5K	-1.3K	126.93	0	0	104	62
2023-02-23	$60.39	$55.00	37.5%	10.7%	27.8%	11.7%	0.0%	7.1%	-15.9%	9.0K	-136.2K	-1.2K	124.70	0	1	104	62
2023-02-24	$59.74	$55.00	38.5%	11.0%	27.6%	12.3%	0.0%	-29.6%	-17.8%	7.9K	-120.9K	-1.3K	126.72	0	0	104	63
2023-02-27	$60.66	$55.00	41.3%	11.8%	27.0%	13.8%	0.0%	-26.5%	-18.1%	9.9K	-155.9K	-1.3K	127.29	0	0	104	63
2023-02-28	$61.39	$55.00	42.5%	12.2%	26.9%	14.5%	0.0%	-24.4%	-17.6%	9.6K	-171.7K	-1.3K	128.45	0	0	104	64