CBU Options History — April 2023

In April 2023, CBU traded between $46.06 and $51.61. ATM implied volatility averaged 49.5%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 10.4% (HV 20d: 39.2%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.43.

Notable Days

  • 2023-04-25: Highest Volume — 227 contracts
  • 2023-04-10: Largest IV spike — 51.3% change
  • 2023-04-10: Highest IV Rank — 29.5%
  • 2023-04-25: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.53$46.06$51.61$51.61$49.45
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV49.5%41.9%69.4%47.6%51.4%
Expected Move13.9%12.0%16.8%13.7%14.7%
HV 20d39.2%31.7%45.7%45.5%37.7%
HV 60d38.0%36.1%39.8%38.8%36.8%
IV Rank18.4%14.1%29.5%17.4%19.5%
IV Percentile84.5%69.0%96.8%84.9%88.5%
Term Structure-10.7%-28.5%8.1%-21.3%-8.6%
VWIV44.6%39.8%52.8%45.2%39.8%
Skew 25d9.9%-6.6%23.3%-6.6%-1.6%
Skew 10d15.0%-2.7%41.9%9.3%6.8%
Call IV 25d59.0%50.4%77.4%77.4%65.7%
Put IV 25d68.9%54.9%83.4%70.9%64.1%
Bid-Ask Spread %107.2092.29117.78111.26111.89
Gamma HHI0.290.170.630.170.63
Net GEX-17.8K-41.7K-5.9K-8.6K-40.7K
Net DEX391.3K203.5K1.0M209.3K645.3K
Net VEX-1.8K-2.6K-1.0K-1.9K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.002.000.002.00
Total Volume14.263022700
Total OI682.158638862648862

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$51.61$55.0047.6%13.7%45.5%17.4%0.0%-6.6%-21.3%-8.6K209.3K-1.9K0.00111.2600128520
2023-04-04$49.91$55.0043.0%12.3%45.7%14.8%0.0%4.4%-4.6%-13.5K293.2K-2.0K0.00113.1000128520
2023-04-05$49.59$55.0048.1%13.8%45.6%17.6%45.2%9.8%-11.2%-13.2K290.3K-1.9K0.00114.5004128520
2023-04-06$48.94$55.0045.9%14.5%43.4%16.4%0.0%5.0%-16.6%-5.9K203.5K-1.4K0.0095.9710128519
2023-04-10$49.71$55.0069.4%14.9%44.0%29.5%0.0%22.7%-13.8%-13.4K303.4K-2.0K0.0092.2920129519
2023-04-11$49.67$55.0053.1%13.8%42.9%20.4%44.4%9.7%-0.5%-16.4K424.9K-2.6K0.0096.3410131519
2023-04-12$48.48$55.0046.1%13.2%41.9%16.5%45.0%8.3%-11.9%-14.8K307.0K-1.7K0.00106.9410132519
2023-04-13$49.06$55.0046.5%13.3%42.3%16.7%0.0%23.3%-6.3%-17.2K444.2K-2.5K0.0098.1400132517
2023-04-14$47.31$55.0053.7%15.4%38.5%20.8%41.2%15.1%-4.2%-18.8K360.1K-1.6K1.00109.0111132517
2023-04-17$49.14$55.0042.8%12.3%38.2%14.7%0.0%14.3%-7.4%-7.8K249.6K-1.0K0.00104.6900133518
2023-04-18$47.40$55.0053.4%15.3%39.3%20.6%52.8%17.3%-14.5%-17.5K328.6K-1.5K0.00112.4410133518
2023-04-19$48.59$55.0043.5%12.5%37.9%15.1%0.0%4.5%-13.4%-14.7K305.5K-1.5K0.00117.7801133518
2023-04-20$47.96$55.0045.0%12.9%34.1%15.9%0.0%12.9%-10.9%-11.5K270.2K-1.7K2.00115.6312133519
2023-04-21$47.20$55.0052.0%14.9%33.5%19.8%0.0%18.8%-28.5%-12.9K315.6K-1.4K0.00103.4807134517
2023-04-24$47.22$55.0041.9%12.0%31.7%14.1%44.0%6.0%8.1%-11.4K286.3K-1.1K0.00106.09021133505
2023-04-25$46.06$55.0058.5%16.8%32.2%23.4%39.8%10.7%-8.8%-16.1K351.2K-1.3K0.00110.330227133510
2023-04-26$46.29$55.0050.0%14.3%32.5%18.7%0.0%6.7%-11.6%-41.4K1.0M-2.0K0.00111.6100133729
2023-04-27$48.47$55.0049.5%14.2%37.5%18.4%0.0%6.3%-16.8%-41.7K843.1K-2.2K0.00105.3200133729
2023-04-28$49.45$55.0051.4%14.7%37.7%19.5%0.0%-1.6%-8.6%-40.7K645.3K-2.1K0.00111.8900133729