CBU Options History — February 2026

In February 2026, CBU traded between $60.42 and $66.88. ATM implied volatility averaged 40.0%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 11.7% (HV 20d: 28.3%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.36.

Notable Days

2026-02-19: Highest Volume — 28 contracts
2026-02-11: Largest IV drop — 43.6% change
2026-02-10: Highest IV Rank — 37.6%
2026-02-03: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$64.64	$60.42	$66.88	$63.96	$60.42
Max Pain	$55.00	$55.00	$55.00	$55.00	$55.00
ATM IV	40.0%	31.0%	55.0%	41.9%	31.7%
Expected Move	10.3%	8.3%	13.1%	12.0%	9.1%
HV 20d	28.3%	22.7%	31.9%	31.9%	27.3%
HV 60d	26.8%	25.3%	27.8%	27.7%	26.6%
IV Rank	21.5%	12.4%	37.6%	24.2%	12.4%
IV Percentile	47.0%	13.1%	86.1%	59.5%	14.3%
Term Structure	-9.4%	-22.6%	-1.0%	-16.4%	-9.7%
VWIV	32.4%	22.2%	42.7%	42.7%	22.2%
Skew 25d	-11.1%	-27.6%	0.8%	-20.5%	-27.6%
Skew 10d	-14.0%	-31.1%	4.0%	-28.2%	-28.6%
Call IV 25d	48.7%	39.0%	63.3%	59.0%	55.7%
Put IV 25d	37.5%	28.1%	45.8%	38.5%	28.1%
Bid-Ask Spread %	125.99	124.02	127.92	125.17	127.92
Gamma HHI	0.53	0.42	0.70	0.61	0.43
Net GEX	9.7K	-26.9K	15.9K	12.0K	9.5K
Net DEX	-389.5K	-504.2K	-160.5K	-378.4K	-160.5K
Net VEX	-1.4K	-1.5K	-1.3K	-1.4K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.36	0.00	2.50	2.50	0.00
Total Volume	3.053	0	28	7	1
Total OI	169.632	148	185	165	148

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
2026-02-02	$63.96	$55.00	41.9%	12.0%	31.9%	24.2%	42.7%	-20.5%	-16.4%	12.0K	-378.4K	-1.4K	2.50	125.17	2	5	102	63
2026-02-03	$64.03	$55.00	45.8%	13.1%	31.8%	28.2%	0.0%	-23.1%	-22.6%	10.8K	-375.0K	-1.5K	0.00	124.02	0	0	103	68
2026-02-04	$65.24	$55.00	45.7%	13.1%	31.7%	28.1%	0.0%	-16.6%	-9.6%	10.3K	-419.9K	-1.4K	0.00	125.36	1	0	103	68
2026-02-05	$65.64	$0.00	45.4%	8.3%	31.3%	27.7%	0.0%	0.7%	-1.0%	10.1K	-415.3K	-1.5K	0.00	126.21	0	0	104	68
2026-02-06	$66.56	$0.00	46.3%	8.7%	31.5%	28.7%	0.0%	0.7%	-6.3%	10.2K	-470.2K	-1.3K	0.00	125.14	0	0	104	68
2026-02-09	$66.88	$0.00	53.0%	9.0%	31.4%	35.6%	0.0%	0.8%	-1.3%	9.1K	-454.9K	-1.4K	0.00	124.55	0	0	104	68
2026-02-10	$66.38	$0.00	55.0%	8.7%	31.2%	37.6%	0.0%	0.6%	-5.4%	9.9K	-473.6K	-1.3K	0.00	126.27	10	0	104	68
2026-02-11	$66.06	$0.00	31.0%	8.9%	30.9%	12.7%	0.0%	0.6%	-1.8%	11.4K	-464.3K	-1.5K	0.00	125.77	2	0	114	68
2026-02-12	$66.17	$0.00	32.8%	9.4%	30.6%	14.5%	0.0%	-0.3%	-6.7%	11.8K	-500.9K	-1.4K	0.00	125.71	2	0	114	68
2026-02-13	$66.03	$0.00	31.9%	9.1%	28.7%	12.6%	0.0%	0.5%	-6.6%	12.3K	-504.2K	-1.4K	0.00	126.08	1	0	116	68
2026-02-17	$65.75	$0.00	32.3%	9.3%	27.7%	13.0%	0.0%	0.4%	-6.8%	13.2K	-500.2K	-1.4K	0.00	127.50	0	6	117	68
2026-02-18	$63.55	$0.00	34.9%	10.0%	30.3%	15.7%	0.0%	-18.1%	-14.7%	15.9K	-400.5K	-1.5K	0.00	125.63	0	0	117	68
2026-02-19	$64.42	$0.00	34.6%	9.9%	25.2%	15.4%	0.0%	-13.7%	-7.4%	14.6K	-426.1K	-1.4K	0.00	126.44	28	0	117	68
2026-02-20	$64.88	$0.00	35.5%	10.2%	25.3%	16.3%	0.0%	-13.5%	-8.7%	-26.9K	-464.9K	-1.5K	0.00	126.50	0	0	117	68
2026-02-23	$63.00	$0.00	40.0%	11.5%	22.7%	21.0%	0.0%	-21.3%	-12.0%	12.2K	-244.8K	-1.5K	0.00	126.22	0	0	89	59
2026-02-24	$62.78	$0.00	40.8%	11.7%	22.7%	21.8%	0.0%	-22.2%	-15.1%	12.2K	-238.7K	-1.5K	0.00	126.22	0	0	89	59
2026-02-25	$63.23	$0.00	40.3%	11.6%	22.8%	21.3%	0.0%	-16.6%	-10.1%	12.8K	-261.9K	-1.5K	0.00	125.92	0	0	89	59
2026-02-26	$63.13	$0.00	40.6%	11.6%	22.7%	21.6%	0.0%	-22.3%	-16.1%	12.8K	-246.6K	-1.5K	0.00	127.12	0	0	89	59
2026-02-27	$60.42	$0.00	31.7%	9.1%	27.3%	12.4%	22.2%	-27.6%	-9.7%	9.5K	-160.5K	-1.4K	0.00	127.92	0	1	89	59