CCI Options History — March 2019

In March 2019, CCI traded between $119.24 and $127.65. ATM implied volatility averaged 17.8%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 6.5% (HV 20d: 11.2%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.18.

Notable Days

  • 2019-03-13: Highest Volume — 43,356 contracts
  • 2019-03-11: Largest IV drop — 21.9% change
  • 2019-03-06: Highest IV Rank — 44.0%
  • 2019-03-25: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$123.82$119.24$127.65$119.24$127.65
Max Pain$123.00$115.00$125.00$120.00$125.00
ATM IV17.8%14.3%20.1%18.3%14.3%
Expected Move5.4%4.8%5.8%5.2%4.8%
HV 20d11.2%9.4%12.3%11.3%11.4%
HV 60d16.6%12.9%18.2%18.2%12.9%
IV Rank31.4%12.5%44.0%34.1%12.5%
IV Percentile34.1%3.2%61.9%36.1%3.2%
Term Structure0.9%-0.5%2.4%0.3%2.4%
VWIV18.6%16.4%21.4%17.1%17.5%
Skew 25d3.0%2.3%5.5%5.5%2.6%
Skew 10d7.1%5.2%12.5%12.5%5.2%
Call IV 25d16.3%14.2%17.9%14.2%14.3%
Put IV 25d19.3%17.0%21.5%19.7%17.0%
Bid-Ask Spread %25.378.6245.8019.4412.00
Gamma HHI0.360.220.710.410.34
Net GEX10.2M443.6K25.2M10.8M11.7M
Net DEX-148.1M-234.6M-63.5M-102.0M-234.6M
Net VEX-973.3K-1.1M-765.1K-928.2K-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.094.344.341.67
Total Volume6,412.0951,10243,3567,6625,766
Total OI71,385.04860,98383,13964,21883,139

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$119.24$120.0018.3%5.2%11.3%34.1%17.1%5.5%0.3%10.8M-102.0M-928.2K4.3419.441,4366,22636,77427,444
2019-03-04$119.38$120.0019.8%5.7%11.3%42.5%20.2%3.7%-0.5%9.8M-85.7M-1.0M0.2520.831,23231136,85233,475
2019-03-05$119.76$120.0019.8%5.7%11.2%42.8%20.3%2.8%-0.1%10.2M-103.3M-992.0K0.2418.241,54937536,58733,641
2019-03-06$121.04$120.0020.1%5.7%11.0%44.0%21.4%2.7%0.6%12.2M-137.2M-971.1K0.2324.902,68262136,32533,815
2019-03-07$120.60$120.0019.9%5.7%9.7%43.0%20.4%2.6%-0.1%11.9M-132.0M-960.4K0.2017.531,29226137,06734,179
2019-03-08$120.90$120.0020.0%5.7%9.4%43.6%16.4%3.3%-0.4%12.0M-134.4M-973.8K0.5515.7971239037,03534,217
2019-03-11$123.19$0.0015.6%5.1%11.2%19.7%16.6%2.7%2.0%15.2M-209.3M-867.6K0.1345.802,38330736,69834,358
2019-03-12$124.09$115.0015.6%4.8%11.3%19.7%16.7%2.3%1.0%13.6M-223.0M-811.4K0.1441.779,7711,35035,56734,447
2019-03-13$125.11$125.0017.2%4.9%10.6%28.4%17.7%3.0%0.1%8.3M-198.1M-765.1K0.1138.6339,1944,16230,55335,495
2019-03-14$123.85$125.0017.3%4.9%11.4%28.7%17.3%3.5%-0.1%6.5M-84.0M-809.0K1.2734.351,9232,44523,62339,120
2019-03-15$124.96$125.0017.0%4.9%11.5%27.0%18.4%3.2%-0.1%25.2M-111.1M-766.5K2.9537.852,1256,26023,49339,189
2019-03-18$124.46$125.0017.6%5.2%11.6%30.6%18.1%2.7%0.5%1.1M-75.9M-863.7K2.9628.384681,38722,09938,884
2019-03-19$124.10$125.0017.5%5.5%11.7%30.3%18.8%2.4%1.6%443.6K-63.5M-893.4K0.0937.4613,5721,15522,15840,063
2019-03-20$125.66$125.0017.6%5.3%11.9%30.6%18.0%3.2%1.0%8.4M-160.7M-1.1M0.4837.282,9341,39433,80040,581
2019-03-21$126.56$125.0016.9%5.4%11.9%26.9%18.8%2.4%2.0%9.4M-186.7M-1.1M0.9130.502,6392,40734,63940,839
2019-03-22$125.85$125.0017.9%5.7%12.3%32.1%20.0%2.9%2.0%8.9M-168.1M-1.1M0.5212.252,0371,06035,10941,450
2019-03-25$125.51$125.0018.7%5.8%11.0%36.6%20.1%2.9%1.6%8.4M-160.7M-1.1M0.7315.0472052835,44941,959
2019-03-26$125.19$125.0017.7%5.6%11.2%30.9%19.3%2.6%2.0%8.8M-150.5M-1.1M1.3321.3061982535,54942,225
2019-03-27$126.30$125.0016.8%5.4%11.3%26.4%17.6%2.4%2.1%10.2M-183.7M-1.1M1.7014.892,0953,55735,66942,611
2019-03-28$126.86$125.0017.4%5.5%11.3%29.3%18.8%2.9%1.7%10.4M-205.9M-1.1M4.008.628973,58737,07245,837
2019-03-29$127.65$125.0014.3%4.8%11.4%12.5%17.5%2.6%2.4%11.7M-234.6M-1.1M1.6712.002,1563,61037,21145,928