CCI Options History — February 2007

In February 2007, CCI traded between $32.71 and $35.39. ATM implied volatility averaged 23.9%. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 0.5% (HV 20d: 23.4%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.07.

Notable Days

  • 2007-02-08: Highest Volume — 2,259 contracts
  • 2007-02-28: Largest IV drop — 15.4% change
  • 2007-02-01: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.60$32.71$35.39$34.84$32.71
Max Pain$34.47$30.00$35.00$35.00$35.00
ATM IV23.9%19.7%28.0%27.4%19.7%
Expected Move6.8%5.6%7.8%7.8%5.6%
HV 20d23.4%19.0%27.1%24.3%25.2%
Term Structure-0.5%-2.4%0.5%-1.2%-2.4%
VWIV23.5%18.5%27.4%27.4%25.0%
Skew 25d3.2%-8.1%11.3%0.7%-8.1%
Skew 10d5.7%-6.9%17.8%1.4%-6.9%
Call IV 25d20.1%16.5%26.6%23.3%25.3%
Put IV 25d23.3%17.2%29.5%24.0%17.2%
Bid-Ask Spread %16.483.6091.673.6019.90
Gamma HHI0.350.250.540.360.32
Net GEX67.7K-130.7K361.6K78.0K-130.7K
Net DEX-4.5M-9.7M190.2K-5.4M-3.9K
Net VEX-85.5K-92.2K-78.7K-90.5K-83.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.005.290.550.14
Total Volume366162,25962243
Total OI19,754.26318,00421,43319,83918,416

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$34.84$35.0027.4%7.8%24.3%0.0%27.4%0.7%-1.2%78.0K-5.4M-90.5K0.553.6040226,04813,791
2007-02-02$35.14$30.0027.6%7.5%24.1%0.0%18.5%3.6%-0.5%86.1K-6.3M-90.4K0.2429.043386,04813,809
2007-02-05$34.73$30.0027.3%7.3%24.7%0.0%25.4%9.8%-0.7%97.1K-4.8M-88.5K5.2921.14382016,06013,809
2007-02-06$34.50$35.0028.0%7.3%24.9%0.0%25.6%10.3%-0.6%65.7K-4.2M-92.2K1.1422.6859676,07413,992
2007-02-07$35.02$35.0024.2%7.5%25.1%0.0%25.8%10.8%-1.2%111.0K-5.9M-88.2K0.6619.122491656,08014,021
2007-02-08$35.15$35.0026.0%7.5%24.3%0.0%26.0%11.3%-0.9%119.5K-5.9M-88.3K0.8419.581,2271,0326,12314,071
2007-02-09$34.85$35.0022.2%6.4%24.2%0.0%22.1%1.5%0.5%233.3K-5.2M-89.3K0.788.086735266,75214,681
2007-02-12$34.12$35.0022.9%6.6%25.0%0.0%22.8%8.1%-0.4%10.7K190.2K-87.8K1.9119.78661266,73514,687
2007-02-13$34.22$35.0022.8%6.5%24.9%0.0%22.8%0.1%0.2%88.0K-700.5K-87.9K0.896.002181956,75714,516
2007-02-14$35.27$35.0023.1%6.6%27.1%0.0%23.0%3.9%0.0%361.6K-9.0M-82.0K0.146.52463666,78814,541
2007-02-15$35.39$35.0023.5%6.7%27.0%0.0%23.3%4.4%-0.5%196.4K-9.7M-80.8K0.565.58138776,60514,537
2007-02-16$34.88$35.0022.4%6.4%20.6%0.0%22.4%2.7%0.5%268.9K-5.0M-85.2K0.586.8557336,56614,584
2007-02-20$34.84$35.0022.8%6.5%20.5%0.0%22.8%2.6%0.2%-35.6K-5.0M-82.3K0.477.621994,89013,114
2007-02-21$34.55$35.0022.7%6.5%19.5%0.0%22.7%1.0%-0.5%-44.0K-4.2M-81.1K2.936.681183464,88513,123
2007-02-22$34.50$35.0022.4%6.4%19.5%0.0%22.4%0.8%-0.5%-48.7K-4.1M-78.7K0.216.6048104,96513,296
2007-02-23$34.45$35.0022.4%6.4%19.2%0.0%22.4%0.5%-0.8%-47.6K-3.9M-82.6K0.005.941605,00713,306
2007-02-26$34.90$35.0022.6%6.5%19.0%0.0%22.6%1.7%-0.7%-35.7K-5.1M-81.4K0.536.7562335,00613,306
2007-02-27$33.28$35.0023.2%6.7%24.9%0.0%23.8%-4.2%-0.9%-88.0K-1.6M-84.1K2.4791.67781935,02813,314
2007-02-28$32.71$35.0019.7%5.6%25.2%0.0%25.0%-8.1%-2.4%-130.7K-3.9K-83.2K0.1419.90214294,98213,434