CBU Options History — November 2025

In November 2025, CBU traded between $53.36 and $58.50. ATM implied volatility averaged 36.9%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 10.5% (HV 20d: 26.4%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 10.67.

Notable Days

2025-11-20: Highest Volume — 33 contracts
2025-11-25: Largest IV spike — 41.8% change
2025-11-11: Highest IV Rank — 28.0%
2025-11-03: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.39	$53.36	$58.50	$55.72	$56.88
Max Pain	$57.89	$55.00	$60.00	$60.00	$60.00
ATM IV	36.9%	27.8%	45.6%	45.2%	30.9%
Expected Move	10.2%	8.0%	13.0%	13.0%	8.9%
HV 20d	26.4%	18.3%	30.7%	30.0%	28.6%
HV 60d	26.5%	24.6%	29.1%	29.1%	27.3%
IV Rank	19.0%	9.7%	28.0%	27.6%	12.9%
IV Percentile	39.1%	9.5%	70.2%	67.1%	16.7%
Term Structure	-10.2%	-30.7%	-2.7%	-30.7%	-10.7%
VWIV	37.6%	29.4%	55.1%	29.4%	55.1%
Skew 25d	-7.0%	-32.5%	55.8%	-3.4%	-32.5%
Skew 10d	4.9%	-38.4%	126.0%	10.8%	-38.4%
Call IV 25d	52.0%	39.0%	67.5%	67.5%	58.8%
Put IV 25d	45.0%	24.5%	94.8%	64.1%	26.3%
Bid-Ask Spread %	123.95	117.16	127.66	117.16	126.14
Gamma HHI	0.59	0.33	0.75	0.63	0.42
Net GEX	7.3K	-672	15.0K	8.0K	1.4K
Net DEX	-55.5K	-94.6K	8.7K	-46.8K	-43.0K
Net VEX	-571	-714	-403	-693	-520
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.67	0.00	32.00	0.00	0.00
Total Volume	3.316	0	33	1	0
Total OI	323.211	81	413	384	94

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$55.72	$60.00	45.2%	13.0%	30.0%	27.6%	29.4%	-3.4%	-30.7%	8.0K	-46.8K	-693	0.00	117.16	0	1	90	294
2025-11-04	$55.82	$60.00	34.3%	9.8%	29.8%	16.4%	0.0%	55.8%	-22.8%	4.1K	8.7K	-540	0.00	124.97	0	0	90	294
2025-11-05	$56.88	$60.00	36.1%	10.4%	30.7%	18.3%	0.0%	2.5%	-12.3%	11.3K	-37.5K	-661	0.00	117.59	0	0	90	294
2025-11-06	$56.52	$55.00	37.3%	9.7%	29.8%	19.5%	0.0%	1.4%	-2.9%	11.1K	-67.7K	-714	0.00	124.67	0	0	90	294
2025-11-07	$56.55	$55.00	39.7%	9.8%	28.9%	22.0%	0.0%	0.7%	-2.7%	9.9K	-88.7K	-713	0.00	125.15	0	0	90	294
2025-11-10	$56.95	$55.00	42.9%	10.5%	28.7%	25.2%	0.0%	0.8%	-9.4%	12.0K	-82.4K	-664	0.00	126.00	0	0	90	294
2025-11-11	$57.38	$55.00	45.6%	10.6%	25.5%	28.0%	0.0%	0.9%	-5.4%	13.4K	-94.6K	-643	0.00	126.62	1	0	90	294
2025-11-12	$57.42	$55.00	37.5%	10.8%	25.0%	19.7%	0.0%	0.9%	-4.2%	15.0K	-88.1K	-649	0.00	126.99	0	1	91	294
2025-11-13	$56.22	$55.00	27.8%	8.0%	19.0%	9.7%	0.0%	-7.0%	-3.5%	10.5K	-53.9K	-613	0.00	120.98	0	0	91	294
2025-11-14	$56.61	$55.00	28.8%	8.3%	18.3%	10.8%	0.0%	-7.4%	-4.5%	11.7K	-63.7K	-593	0.00	126.14	0	0	91	294
2025-11-17	$54.78	$55.00	37.2%	10.7%	21.5%	19.3%	34.1%	-6.9%	-7.3%	7.2K	-37.6K	-511	0.00	119.85	0	7	91	294
2025-11-18	$53.36	$60.00	38.6%	11.1%	23.2%	20.8%	31.7%	0.9%	-14.7%	6.1K	-40.5K	-470	0.00	124.91	0	4	91	287
2025-11-19	$54.41	$60.00	35.7%	10.2%	24.5%	17.9%	0.0%	-16.9%	-11.5%	7.1K	-68.4K	-472	0.00	123.55	0	0	91	288
2025-11-20	$55.07	$60.00	36.2%	10.4%	24.8%	18.3%	55.1%	-16.4%	-5.5%	7.8K	-80.9K	-453	32.00	123.98	1	32	91	289
2025-11-21	$57.37	$60.00	35.7%	10.2%	28.1%	17.8%	0.0%	-18.4%	-8.3%	-672	-32.1K	-415	0.00	121.07	0	0	92	321
2025-11-24	$56.97	$60.00	28.3%	8.1%	28.0%	10.2%	0.0%	-29.9%	-5.4%	-606	-14.3K	-403	0.00	127.29	16	0	25	56
2025-11-25	$58.50	$60.00	40.1%	11.5%	29.6%	22.4%	0.0%	-28.4%	-15.4%	1.4K	-64.5K	-561	0.00	124.27	0	0	38	56
2025-11-26	$58.01	$60.00	42.6%	12.2%	27.6%	24.9%	0.0%	-30.0%	-16.7%	1.4K	-59.2K	-558	0.00	127.66	0	0	38	56
2025-11-28	$56.88	$60.00	30.9%	8.9%	28.6%	12.9%	0.0%	-32.5%	-10.7%	1.4K	-43.0K	-520	0.00	126.14	0	0	38	56