CCI Options History — May 2019

In May 2019, CCI traded between $122.97 and $130.30. ATM implied volatility averaged 18.9%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 2.9% (HV 20d: 16.0%). Max pain ranged from $125.00 to $125.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.94.

Notable Days

  • 2019-05-31: Highest Volume — 17,889 contracts
  • 2019-05-13: Largest IV spike — 41.5% change
  • 2019-05-13: Highest IV Rank — 69.4%
  • 2019-05-30: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$125.93$122.97$130.30$124.62$130.30
Max Pain$125.00$125.00$125.00$125.00$125.00
ATM IV18.9%16.5%24.0%18.9%20.3%
Expected Move5.4%4.7%5.9%5.4%5.8%
HV 20d16.0%11.9%19.0%14.8%19.0%
HV 60d13.7%12.6%15.7%13.1%15.7%
IV Rank39.6%25.8%69.4%39.5%47.7%
IV Percentile53.1%22.2%96.8%56.7%73.4%
Term Structure0.4%-1.0%2.1%-0.9%0.4%
VWIV19.0%16.0%21.4%18.8%21.4%
Skew 25d3.6%1.8%4.9%2.7%2.0%
Skew 10d7.4%4.9%9.8%9.0%5.3%
Call IV 25d17.1%14.9%19.3%18.3%19.3%
Put IV 25d20.7%18.3%23.2%21.0%21.3%
Bid-Ask Spread %59.7312.7082.4514.7612.98
Gamma HHI0.280.240.320.270.32
Net GEX11.0M5.0M17.7M9.3M14.4M
Net DEX-146.5M-245.5M-45.1M-117.3M-245.5M
Net VEX-1.1M-1.2M-1.0M-1.2M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.122.340.460.24
Total Volume5,038.8181,25817,8891,55117,889
Total OI84,344.68275,72690,80587,74384,280

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$124.62$125.0018.9%5.4%14.8%39.5%18.8%2.7%-0.9%9.3M-117.3M-1.2M0.4614.761,06548642,31145,432
2019-05-02$124.11$125.0016.9%4.9%14.9%28.4%18.7%2.6%0.4%8.6M-93.7M-1.2M0.8315.262,8182,34142,11145,362
2019-05-03$124.90$125.0016.5%4.7%15.1%25.8%17.7%1.8%0.5%10.8M-127.1M-1.1M2.2324.951,8694,15941,34443,847
2019-05-06$124.87$125.0018.0%5.1%14.8%34.4%18.0%4.0%0.1%10.3M-120.1M-1.1M0.8066.9469856040,74243,507
2019-05-07$122.97$125.0019.8%5.7%15.6%44.7%20.3%4.2%-0.5%5.0M-45.1M-1.1M0.7873.791,9381,51840,61343,558
2019-05-08$124.19$125.0019.0%5.7%15.8%40.2%19.5%4.9%0.1%8.7M-101.9M-1.1M0.4573.421,42564041,38443,475
2019-05-09$124.11$125.0018.3%5.6%15.7%36.2%20.3%4.4%0.2%8.4M-93.8M-1.1M0.9881.123,6563,57441,32643,404
2019-05-10$125.72$125.0017.0%5.4%16.4%28.6%19.7%3.5%0.3%14.4M-160.0M-1.1M0.7566.171,31999342,72243,691
2019-05-13$125.94$125.0024.0%5.8%16.5%69.4%20.5%4.9%-0.2%14.1M-165.1M-1.0M1.0482.051,0291,07542,72243,691
2019-05-14$126.86$125.0022.7%5.6%16.3%61.8%19.7%4.2%-0.4%16.1M-203.4M-1.0M0.5475.936,8343,68542,11243,488
2019-05-15$127.49$125.0018.7%5.4%13.5%38.8%18.6%3.6%0.5%17.7M-237.8M-1.1M0.6674.382,0361,35345,11845,687
2019-05-16$127.35$125.0018.1%5.2%13.5%35.1%17.4%3.6%0.6%17.1M-243.2M-1.0M0.5182.452,9411,50444,97845,010
2019-05-17$127.25$125.0017.6%5.0%11.9%32.2%16.0%4.1%0.9%11.8M-242.6M-1.0M0.2569.053,29883045,33344,915
2019-05-20$123.43$125.0018.8%5.4%16.5%39.2%20.0%4.4%1.5%5.3M-51.5M-1.1M1.5978.123,5135,58636,63839,088
2019-05-21$125.18$125.0018.3%5.3%17.0%36.4%19.5%3.9%1.1%7.8M-99.5M-1.2M0.5670.412,6151,47438,13043,075
2019-05-22$126.45$125.0017.6%5.0%17.3%32.2%17.7%3.7%1.8%11.3M-144.1M-1.1M2.2277.616631,47338,52742,935
2019-05-23$127.42$125.0018.9%5.4%17.4%39.8%18.2%4.4%0.6%12.3M-164.8M-1.1M0.8976.131,5911,41938,48343,543
2019-05-24$127.99$125.0016.8%4.8%17.3%27.7%18.9%2.9%2.1%12.9M-183.9M-1.1M0.9179.763,9603,62238,67043,495
2019-05-28$126.35$125.0019.2%5.5%18.0%41.5%19.4%3.5%0.4%9.7M-130.9M-1.0M2.3478.437931,85737,72341,739
2019-05-29$125.61$125.0019.4%5.6%17.1%42.5%19.8%2.9%0.2%6.5M-100.9M-1.1M1.4327.579541,36337,52642,959
2019-05-30$127.37$125.0020.5%5.9%17.5%49.0%18.6%3.1%-1.0%9.5M-151.6M-1.0M0.1212.707,53390537,27943,610
2019-05-31$130.30$125.0020.3%5.8%19.0%47.7%21.4%2.0%0.4%14.4M-245.5M-1.0M0.2412.9814,4503,43940,43443,846