CCI Options History — July 2014

In July 2014, CCI traded between $73.21 and $76.60. ATM implied volatility averaged 17.4%, placing in the 28.7% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 6.9% (HV 20d: 10.5%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.46.

Notable Days

  • 2014-07-18: Highest Volume — 7,158 contracts
  • 2014-07-10: Largest IV spike — 29.3% change
  • 2014-07-22: Highest IV Rank — 55.6%
  • 2014-07-03: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.50$73.21$76.60$74.67$74.18
Max Pain$71.14$70.00$75.00$70.00$75.00
ATM IV17.4%13.9%20.9%14.8%16.8%
Expected Move5.8%5.2%6.1%5.7%5.6%
HV 20d10.5%5.9%19.5%6.8%19.3%
HV 60d12.1%10.9%13.9%12.4%12.7%
IV Rank28.7%6.8%55.6%11.0%28.1%
IV Percentile25.4%0.4%55.6%3.2%22.2%
Term Structure-0.6%-2.8%4.4%3.6%-0.9%
VWIV21.0%16.8%25.5%20.8%20.0%
Skew 25d2.1%0.1%5.2%5.2%0.9%
Skew 10d4.5%-4.2%16.9%4.2%3.4%
Call IV 25d17.9%10.7%21.1%10.7%17.2%
Put IV 25d20.0%15.4%23.8%15.9%18.1%
Bid-Ask Spread %71.8043.1091.8344.8659.80
Gamma HHI0.390.230.960.230.30
Net GEX17.1M3.6M215.9M3.6M5.5M
Net DEX-48.1M-77.2M-27.9M-38.3M-42.6M
Net VEX-355.6K-417.7K-323.4K-323.4K-377.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.021.670.040.17
Total Volume1,730.3181517,1585,715428
Total OI35,644.27330,40441,62830,56737,073

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-07-01$74.67$70.0014.8%5.7%6.8%11.0%0.0%5.2%3.6%3.6M-38.3M-323.4K0.0444.865,49721823,4097,158
2014-07-02$74.09$70.0014.4%5.8%7.3%9.0%20.8%0.3%4.1%5.4M-40.0M-346.3K0.5243.101739026,7877,245
2014-07-03$74.16$70.0013.9%6.1%7.1%6.8%0.0%0.4%4.4%7.0M-45.4M-357.5K0.4489.011536728,2467,256
2014-07-07$73.92$70.0015.9%6.0%7.1%16.3%0.0%1.8%-1.6%6.8M-43.1M-339.4K0.1991.831272428,2477,303
2014-07-08$73.95$70.0015.8%6.1%7.1%15.8%0.0%2.8%-1.6%6.9M-41.1M-336.3K1.6785.889415728,3297,310
2014-07-09$74.17$70.0014.6%5.6%7.1%10.0%21.4%2.6%-1.4%7.5M-45.0M-341.0K0.0377.049362628,3307,346
2014-07-10$74.49$70.0018.8%5.7%6.9%30.8%0.0%2.9%-1.3%9.0M-51.7M-338.9K0.1290.962,30928729,0107,338
2014-07-11$74.60$70.0019.1%5.8%6.5%32.2%0.0%2.5%-1.7%11.4M-55.2M-342.5K0.2965.551434129,7807,317
2014-07-14$74.85$70.0019.3%5.7%5.9%32.9%25.5%2.3%-1.8%13.6M-62.8M-365.1K0.4658.7828112929,7527,336
2014-07-15$74.15$70.0019.2%5.4%6.3%32.6%0.0%0.7%-2.2%11.7M-42.4M-328.4K0.3361.1131910529,9077,325
2014-07-16$74.68$70.0019.4%5.4%6.7%33.7%0.0%1.6%-2.2%14.7M-53.1M-333.8K0.0260.965,5578429,9287,214
2014-07-17$73.91$70.0020.6%5.8%7.7%51.4%21.7%0.8%-2.8%12.5M-42.0M-332.1K0.1663.0695415134,2247,168
2014-07-18$75.00$70.0020.2%5.8%9.1%50.4%0.0%2.8%-2.5%215.9M-77.2M-340.8K0.1158.836,43971934,4127,216
2014-07-21$75.08$70.0020.2%5.9%9.1%50.4%22.0%4.0%-1.9%5.3M-48.9M-359.4K1.4569.907091,03125,3705,034
2014-07-22$75.54$70.0020.9%6.0%9.3%55.6%21.1%3.2%-2.6%5.8M-56.3M-387.0K0.0459.182,89612725,8515,542
2014-07-23$76.60$70.0020.1%6.0%10.3%50.3%16.8%2.2%-2.7%6.7M-70.9M-417.7K1.0376.3584586927,4675,202
2014-07-24$73.83$70.0016.0%6.0%17.1%23.3%22.0%0.9%0.3%4.9M-41.0M-362.1K1.3177.548541,11627,9075,938
2014-07-25$73.21$75.0016.2%5.2%17.3%24.1%18.7%2.2%0.5%4.0M-27.9M-336.9K0.8291.1358848528,3436,870
2014-07-28$74.95$75.0016.3%5.8%19.3%24.8%0.0%3.6%0.8%6.0M-44.5M-382.0K0.4678.7497845328,5197,126
2014-07-29$74.39$75.0015.6%5.8%19.5%20.7%0.0%0.1%-0.5%5.4M-43.1M-387.3K0.1190.861,10011928,8637,326
2014-07-30$74.50$75.0015.7%5.7%19.4%20.8%20.6%2.9%0.4%5.8M-45.0M-387.7K0.3385.202929729,4477,403
2014-07-31$74.18$75.0016.8%5.6%19.3%28.1%20.0%0.9%-0.9%5.5M-42.6M-377.6K0.1759.803656329,6097,464