CBU Options History — June 2023

In June 2023, CBU traded between $46.81 and $55.28. ATM implied volatility averaged 58.9%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 12.8% (HV 20d: 46.1%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.25.

Notable Days

2023-06-22: Highest Volume — 15 contracts
2023-06-05: Largest IV spike — 105.1% change
2023-06-13: Highest IV Rank — 62.3%
2023-06-30: Largest Expected Move — 17.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.57	$46.81	$55.28	$50.13	$47.18
Max Pain	$52.50	$45.00	$55.00	$45.00	$55.00
ATM IV	58.9%	34.6%	128.2%	48.2%	61.1%
Expected Move	12.4%	8.9%	17.5%	13.8%	17.5%
HV 20d	46.1%	36.7%	49.3%	36.7%	47.8%
HV 60d	40.9%	39.5%	42.4%	39.7%	40.2%
IV Rank	23.6%	10.1%	62.3%	17.7%	24.9%
IV Percentile	77.9%	47.2%	99.2%	79.0%	90.9%
Term Structure	-5.3%	-25.3%	13.3%	-12.9%	-16.8%
VWIV	37.5%	37.5%	37.5%	37.5%	37.5%
Skew 25d	0.1%	-16.1%	13.3%	-6.5%	1.9%
Skew 10d	5.0%	-26.5%	58.5%	-12.4%	7.6%
Call IV 25d	57.5%	43.0%	76.5%	67.2%	76.5%
Put IV 25d	57.6%	32.4%	78.4%	60.7%	78.4%
Bid-Ask Spread %	120.99	97.19	130.84	107.67	130.84
Gamma HHI	0.25	0.18	0.27	0.18	0.27
Net GEX	366	-1.6K	3.4K	-617	-1.0K
Net DEX	42.0K	-64.1K	138.1K	60.7K	131.9K
Net VEX	-1.3K	-1.6K	-990	-1.2K	-990
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.00	1.00	0.00	0.00
Total Volume	2.333	0	15	0	0
Total OI	194.619	177	203	177	203

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-06-01	$50.13	$45.00	48.2%	13.8%	36.7%	17.7%	0.0%	-6.5%	-12.9%	-617	60.7K	-1.2K	0.00	107.67	0	0	97	80
2023-06-02	$53.19	$45.00	34.6%	9.9%	41.2%	10.1%	0.0%	13.3%	9.0%	343	9.9K	-1.3K	0.00	114.33	10	0	97	80
2023-06-05	$51.16	$0.00	70.9%	13.1%	43.6%	30.4%	0.0%	-1.4%	1.8%	794	45.1K	-1.3K	0.00	97.19	0	0	107	80
2023-06-06	$53.33	$0.00	67.8%	9.7%	45.0%	28.6%	0.0%	1.3%	-0.8%	1.3K	-9.5K	-1.5K	0.00	124.82	0	0	107	80
2023-06-07	$55.28	$0.00	69.6%	9.4%	45.5%	29.6%	0.0%	1.9%	-6.1%	3.4K	-64.1K	-1.6K	0.00	127.21	12	0	107	80
2023-06-08	$54.38	$0.00	74.2%	10.9%	46.0%	32.2%	0.0%	-11.8%	-7.1%	2.0K	-53.1K	-1.6K	0.00	126.17	0	0	119	80
2023-06-09	$54.11	$0.00	79.4%	8.9%	43.2%	35.0%	0.0%	-16.1%	-12.4%	2.2K	-47.6K	-1.6K	0.00	126.53	0	0	119	80
2023-06-12	$51.22	$0.00	113.5%	13.9%	48.9%	54.1%	0.0%	0.2%	-19.7%	913	15.5K	-1.4K	1.00	124.97	1	1	119	80
2023-06-13	$52.22	$0.00	128.2%	12.4%	47.8%	62.3%	0.0%	-0.5%	-5.9%	992	4.2K	-1.5K	0.00	125.94	2	0	118	81
2023-06-14	$50.58	$0.00	43.3%	12.4%	49.3%	14.9%	0.0%	1.2%	-8.2%	655	27.8K	-1.3K	0.00	125.94	0	0	117	81
2023-06-15	$51.70	$0.00	40.1%	11.5%	46.7%	13.1%	0.0%	12.0%	10.1%	1.1K	6.4K	-1.4K	0.00	127.56	0	0	117	81
2023-06-16	$51.47	$0.00	40.8%	11.7%	46.8%	13.6%	0.0%	10.9%	2.8%	1.0K	6.0K	-1.4K	0.00	127.61	0	0	117	81
2023-06-20	$50.61	$0.00	41.9%	12.0%	46.7%	14.1%	0.0%	7.4%	2.8%	932	23.8K	-1.3K	0.00	127.78	0	0	117	71
2023-06-21	$49.32	$0.00	36.1%	10.3%	46.1%	10.9%	0.0%	-4.2%	10.1%	225	32.4K	-1.3K	0.00	117.17	0	0	117	71
2023-06-22	$47.21	$0.00	46.0%	13.2%	48.5%	16.5%	37.5%	-6.1%	4.0%	358	59.1K	-1.2K	0.00	101.11	0	15	117	71
2023-06-23	$46.81	$55.00	42.5%	12.2%	48.3%	14.5%	0.0%	-4.6%	13.3%	-1.6K	138.1K	-995	0.00	109.36	0	0	117	86
2023-06-26	$47.53	$55.00	47.3%	13.6%	48.5%	17.2%	0.0%	2.1%	-17.5%	-1.2K	134.8K	-1.0K	0.00	129.65	0	0	117	86
2023-06-27	$47.88	$55.00	47.8%	13.7%	47.4%	17.4%	0.0%	3.0%	-10.5%	-1.6K	120.8K	-1.1K	0.00	121.24	0	0	117	86
2023-06-28	$48.15	$55.00	49.2%	14.1%	47.1%	18.2%	0.0%	4.8%	-25.3%	-874	130.7K	-1.0K	0.00	124.56	0	8	117	86
2023-06-29	$48.57	$55.00	53.5%	15.4%	47.0%	20.7%	0.0%	-7.1%	-21.4%	-1.6K	108.2K	-1.1K	0.00	123.15	0	0	117	86
2023-06-30	$47.18	$55.00	61.1%	17.5%	47.8%	24.9%	0.0%	1.9%	-16.8%	-1.0K	131.9K	-990	0.00	130.84	0	0	117	86