CBU Options History — July 2025

In July 2025, CBU traded between $52.61 and $60.17. ATM implied volatility averaged 43.4%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 15.5% (HV 20d: 27.9%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.46.

Notable Days

2025-07-10: Highest Volume — 82 contracts
2025-07-08: Largest IV drop — 30.0% change
2025-07-07: Highest IV Rank — 41.7%
2025-07-31: Largest Expected Move — 15.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$57.02	$52.61	$60.17	$58.67	$52.61
Max Pain	$59.32	$55.00	$60.00	$60.00	$55.00
ATM IV	43.4%	31.7%	58.1%	47.3%	55.3%
Expected Move	11.7%	8.8%	15.9%	13.6%	15.9%
HV 20d	27.9%	25.6%	30.2%	26.9%	25.6%
HV 60d	27.2%	24.8%	34.0%	34.0%	25.0%
IV Rank	26.3%	14.0%	41.7%	30.4%	38.8%
IV Percentile	58.9%	17.5%	87.3%	73.0%	87.3%
Term Structure	-12.9%	-29.8%	1.0%	-20.9%	-29.8%
VWIV	42.1%	35.3%	50.3%	35.3%	50.3%
Skew 25d	-14.0%	-43.0%	2.4%	-2.0%	-36.8%
Skew 10d	-9.7%	-34.1%	17.0%	-32.9%	-1.0%
Call IV 25d	56.9%	41.6%	76.1%	67.4%	76.1%
Put IV 25d	43.0%	30.8%	69.6%	65.5%	39.3%
Bid-Ask Spread %	122.42	119.32	129.51	129.48	121.98
Gamma HHI	0.57	0.43	0.84	0.47	0.50
Net GEX	13.7K	3.8K	54.3K	10.5K	3.8K
Net DEX	-86.8K	-389.9K	82.1K	-116.1K	82.1K
Net VEX	-1.1K	-1.5K	-681	-1.3K	-707
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.00	3.50	0.00	0.00
Total Volume	9.955	0	82	0	0
Total OI	404.5	383	469	383	402

Daily Data (22 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
2025-07-01	$58.67	$60.00	47.3%	13.6%	26.9%	30.4%	0.0%	-2.0%	-20.9%	10.5K	-116.1K	-1.3K	0.00	129.48	0	0	102	281
2025-07-02	$59.09	$60.00	48.2%	13.8%	26.4%	31.3%	0.0%	0.7%	-21.3%	10.6K	-129.4K	-1.3K	0.00	129.51	1	0	102	281
2025-07-03	$60.17	$60.00	49.2%	8.8%	26.9%	32.4%	0.0%	1.3%	1.0%	11.9K	-175.5K	-1.3K	0.00	123.56	0	0	103	280
2025-07-07	$58.97	$60.00	58.1%	8.9%	28.0%	41.7%	0.0%	0.5%	-4.0%	11.2K	-128.1K	-1.2K	0.00	123.11	0	0	103	280
2025-07-08	$59.50	$60.00	40.7%	9.0%	27.9%	23.5%	0.0%	0.6%	-2.8%	10.9K	-151.0K	-1.2K	0.00	123.32	6	0	103	280
2025-07-09	$59.39	$60.00	31.7%	9.1%	26.8%	14.0%	0.0%	0.6%	-2.4%	13.1K	-157.4K	-1.3K	0.00	123.39	80	0	109	280
2025-07-10	$59.60	$60.00	32.0%	9.2%	26.8%	14.4%	0.0%	0.6%	-3.1%	54.3K	-389.9K	-1.5K	0.00	123.30	82	0	189	280
2025-07-11	$58.20	$60.00	32.6%	9.3%	28.1%	15.0%	0.0%	2.4%	-6.9%	20.7K	-178.7K	-1.3K	0.00	122.45	0	0	141	280
2025-07-14	$58.31	$60.00	36.6%	10.5%	27.9%	19.2%	0.0%	-3.1%	-10.8%	26.6K	-159.4K	-1.2K	0.00	123.03	0	0	141	280
2025-07-15	$56.45	$60.00	39.5%	11.3%	27.2%	22.2%	0.0%	-12.7%	-9.5%	16.9K	-99.2K	-1.1K	0.00	120.93	2	0	141	280
2025-07-16	$56.91	$60.00	40.2%	11.5%	27.2%	22.9%	35.3%	-13.8%	-2.8%	17.8K	-108.3K	-1.1K	0.00	120.94	0	5	142	280
2025-07-17	$58.77	$60.00	36.6%	10.5%	28.6%	19.2%	0.0%	-0.5%	-12.4%	24.5K	-213.8K	-1.1K	0.00	122.02	0	0	142	281
2025-07-18	$58.37	$60.00	37.2%	10.7%	28.8%	19.8%	40.6%	-8.5%	-13.4%	11.5K	-96.6K	-1.1K	0.60	119.32	5	3	142	281
2025-07-21	$57.69	$60.00	39.3%	11.3%	29.3%	22.0%	46.5%	-9.9%	-16.3%	10.7K	-84.8K	-1.0K	0.00	122.97	7	0	104	280
2025-07-22	$55.86	$60.00	43.1%	12.4%	30.2%	26.0%	37.7%	-21.8%	-7.9%	9.4K	-33.4K	-951	3.50	120.18	2	7	111	280
2025-07-23	$55.54	$60.00	43.3%	12.4%	29.6%	26.2%	0.0%	-22.1%	-13.0%	7.5K	10.6K	-987	0.00	119.39	0	12	112	287
2025-07-24	$54.42	$60.00	43.9%	12.6%	30.1%	26.8%	50.3%	-31.1%	-17.0%	5.7K	59.4K	-960	0.50	119.43	2	1	112	293
2025-07-25	$54.54	$60.00	45.8%	13.1%	28.4%	28.8%	0.0%	-30.9%	-17.6%	6.1K	42.4K	-966	0.00	121.64	1	0	114	292
2025-07-28	$54.31	$60.00	51.8%	14.8%	28.4%	35.1%	0.0%	-38.4%	-25.6%	6.7K	33.0K	-911	0.00	119.90	0	0	115	292
2025-07-29	$53.74	$55.00	50.0%	14.3%	28.5%	33.3%	0.0%	-39.1%	-21.6%	5.9K	33.9K	-831	0.00	121.07	0	3	115	284
2025-07-30	$53.43	$55.00	52.7%	15.1%	25.8%	36.0%	0.0%	-43.0%	-26.0%	6.1K	49.8K	-681	0.00	122.26	0	0	115	287
2025-07-31	$52.61	$55.00	55.3%	15.9%	25.6%	38.8%	0.0%	-36.8%	-29.8%	3.8K	82.1K	-707	0.00	121.98	0	0	115	287