CBU Options History — January 2026

In January 2026, CBU traded between $57.87 and $64.31. ATM implied volatility averaged 48.1%, placing in the 30.6% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 23.4% (HV 20d: 24.8%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.87.

Notable Days

2026-01-21: Highest Volume — 31 contracts
2026-01-14: Largest IV drop — 71.3% change
2026-01-13: Highest IV Rank — 94.7%
2026-01-02: Largest Expected Move — 15.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.31	$57.87	$64.31	$57.87	$62.31
Max Pain	$51.00	$45.00	$55.00	$55.00	$55.00
ATM IV	48.1%	28.2%	110.6%	52.5%	33.1%
Expected Move	9.3%	8.1%	15.0%	15.0%	9.5%
HV 20d	24.8%	17.8%	31.6%	21.5%	30.9%
HV 60d	26.2%	23.6%	27.9%	26.9%	27.3%
IV Rank	30.6%	10.2%	94.7%	35.0%	15.2%
IV Percentile	49.7%	11.5%	99.2%	84.9%	24.2%
Term Structure	-6.0%	-29.7%	1.5%	-29.7%	-5.5%
VWIV	31.2%	30.3%	32.2%	31.1%	32.2%
Skew 25d	-13.7%	-45.9%	0.8%	-45.9%	-22.8%
Skew 10d	-17.4%	-44.4%	4.7%	-44.4%	-28.8%
Call IV 25d	47.4%	41.1%	67.5%	67.5%	55.5%
Put IV 25d	33.7%	21.6%	44.5%	21.6%	32.7%
Bid-Ask Spread %	124.33	120.21	126.14	124.23	124.89
Gamma HHI	0.62	0.55	0.69	0.60	0.67
Net GEX	7.7K	4.0K	12.5K	5.3K	11.9K
Net DEX	-214.9K	-312.4K	-80.8K	-80.8K	-312.4K
Net VEX	-1.2K	-1.5K	-892	-892	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.87	0.00	9.33	0.00	0.00
Total Volume	4.8	0	31	2	0
Total OI	141.4	120	165	120	165

Daily Data (20 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
2026-01-02	$57.87	$55.00	52.5%	15.0%	21.5%	35.0%	0.0%	-45.9%	-29.7%	5.3K	-80.8K	-892	0.00	124.23	0	2	59	61
2026-01-05	$58.55	$45.00	58.1%	8.3%	21.8%	40.8%	0.0%	0.6%	-5.2%	4.8K	-91.4K	-914	0.00	124.82	0	0	59	63
2026-01-06	$59.79	$45.00	60.7%	8.2%	23.0%	43.5%	0.0%	0.3%	-0.8%	4.7K	-113.4K	-918	0.00	124.39	0	0	59	63
2026-01-07	$60.86	$45.00	63.2%	8.4%	22.8%	46.1%	0.0%	0.8%	1.5%	4.4K	-135.5K	-925	0.00	125.04	0	0	59	63
2026-01-08	$61.36	$45.00	66.5%	9.3%	22.1%	49.5%	31.1%	0.6%	-3.5%	4.0K	-152.3K	-916	0.00	123.83	28	0	59	63
2026-01-09	$61.28	$45.00	71.2%	9.0%	19.2%	54.3%	0.0%	0.7%	-1.2%	6.1K	-203.9K	-1.1K	0.00	123.96	1	0	73	63
2026-01-12	$60.60	$45.00	95.1%	8.9%	19.3%	78.8%	0.0%	0.6%	-0.5%	6.5K	-183.4K	-1.1K	0.00	125.40	0	0	74	63
2026-01-13	$59.97	$45.00	110.6%	8.9%	17.8%	94.7%	0.0%	-17.8%	-2.9%	7.1K	-166.4K	-1.1K	0.00	125.35	0	0	74	63
2026-01-14	$60.95	$45.00	31.8%	9.1%	18.3%	13.8%	30.3%	-14.5%	-1.9%	6.9K	-194.2K	-1.1K	0.00	123.01	0	6	74	63
2026-01-15	$62.98	$55.00	32.5%	9.3%	21.5%	14.5%	0.0%	-5.1%	-8.1%	5.8K	-241.8K	-1.1K	0.00	123.89	0	0	74	64
2026-01-16	$61.78	$55.00	35.6%	10.2%	22.8%	17.7%	0.0%	-11.2%	-4.9%	6.5K	-219.2K	-1.1K	0.00	124.15	0	0	74	64
2026-01-20	$61.03	$55.00	28.2%	8.1%	23.0%	10.2%	0.0%	-20.9%	-6.0%	6.9K	-180.7K	-1.1K	0.00	123.82	1	0	71	63
2026-01-21	$64.07	$55.00	33.1%	9.5%	27.1%	15.2%	32.2%	-15.3%	-9.1%	5.3K	-269.6K	-1.0K	9.33	125.83	3	28	72	63
2026-01-22	$64.31	$55.00	34.6%	9.9%	27.0%	16.8%	0.0%	-16.2%	-12.5%	6.1K	-298.1K	-1.1K	0.00	124.36	27	0	75	63
2026-01-23	$61.63	$55.00	29.3%	8.4%	31.6%	11.2%	0.0%	-21.1%	-6.3%	12.0K	-287.3K	-1.5K	0.00	123.48	0	0	102	63
2026-01-26	$61.68	$55.00	33.8%	9.7%	31.5%	15.9%	0.0%	-18.3%	-8.2%	12.5K	-293.2K	-1.5K	0.00	120.21	0	0	102	63
2026-01-27	$61.65	$55.00	29.6%	8.5%	31.5%	11.6%	0.0%	-22.3%	-3.9%	12.2K	-284.2K	-1.5K	0.00	124.65	0	0	102	63
2026-01-28	$61.34	$55.00	30.5%	8.7%	31.4%	12.5%	0.0%	-23.3%	-4.8%	12.4K	-279.7K	-1.5K	0.00	126.14	0	0	102	63
2026-01-29	$62.25	$55.00	32.5%	9.3%	31.5%	14.5%	0.0%	-22.4%	-6.8%	11.9K	-310.5K	-1.5K	0.00	125.11	0	0	102	63
2026-01-30	$62.31	$55.00	33.1%	9.5%	30.9%	15.2%	0.0%	-22.8%	-5.5%	11.9K	-312.4K	-1.4K	0.00	124.89	0	0	102	63