CCI Options History — January 2021

In January 2021, CCI traded between $150.51 and $163.78. ATM implied volatility averaged 26.7%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 7.2% (HV 20d: 19.5%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.54.

Notable Days

2021-01-14: Highest Volume — 6,557 contracts
2021-01-11: Largest IV spike — 18.0% change
2021-01-04: Highest IV Rank — 21.6%
2021-01-27: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$156.67	$150.51	$163.78	$155.71	$158.73
Max Pain	$157.89	$155.00	$160.00	$155.00	$160.00
ATM IV	26.7%	23.7%	30.9%	29.9%	27.0%
Expected Move	7.6%	7.1%	8.9%	8.0%	7.7%
HV 20d	19.5%	14.9%	23.5%	16.4%	23.5%
HV 60d	22.5%	21.4%	23.6%	22.3%	21.5%
IV Rank	16.1%	12.4%	21.6%	21.6%	14.4%
IV Percentile	35.7%	14.7%	61.9%	56.7%	40.1%
Term Structure	1.2%	-0.0%	3.5%	0.5%	3.5%
VWIV	27.2%	25.0%	31.9%	28.2%	31.1%
Skew 25d	3.2%	2.0%	4.1%	4.0%	4.1%
Skew 10d	7.1%	4.0%	8.8%	8.4%	8.1%
Call IV 25d	25.5%	24.1%	30.2%	26.8%	27.2%
Put IV 25d	28.8%	27.2%	33.2%	30.7%	31.3%
Bid-Ask Spread %	57.13	47.67	69.96	48.84	66.51
Gamma HHI	0.15	0.12	0.22	0.15	0.14
Net GEX	3.0M	-2.7M	6.4M	3.3M	5.0M
Net DEX	-47.0M	-119.1M	31.9M	-32.9M	-80.6M
Net VEX	-854.4K	-984.5K	-721.9K	-835.7K	-984.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.23	1.98	0.75	0.78
Total Volume	3,152.842	708	6,557	3,479	2,412
Total OI	48,696	34,523	62,824	54,022	42,553

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
2021-01-04	$155.71	$155.00	29.9%	8.0%	16.4%	21.6%	28.2%	4.0%	0.5%	3.3M	-32.9M	-835.7K	0.75	48.84	1,985	1,494	32,936	21,086
2021-01-05	$156.17	$155.00	27.2%	7.7%	14.9%	17.5%	26.6%	3.3%	0.6%	3.7M	-37.5M	-836.3K	0.94	52.84	856	802	33,840	21,680
2021-01-06	$151.52	$155.00	28.1%	7.8%	17.6%	18.8%	27.5%	3.5%	0.6%	-222.0K	19.0M	-756.2K	0.28	54.36	3,019	860	33,907	21,983
2021-01-07	$152.58	$155.00	24.1%	7.3%	17.9%	13.0%	26.2%	3.2%	1.2%	609.9K	4.5M	-761.3K	0.41	54.18	1,214	499	34,781	22,248
2021-01-08	$154.23	$155.00	23.7%	7.3%	17.8%	12.4%	25.5%	3.3%	1.3%	2.2M	-18.8M	-778.0K	0.24	49.03	2,058	488	35,110	22,245
2021-01-11	$152.90	$155.00	28.0%	7.6%	17.8%	18.7%	27.2%	3.5%	0.7%	901.1K	-3.8M	-758.6K	0.23	53.44	2,094	473	35,611	22,339
2021-01-12	$150.51	$155.00	29.8%	7.7%	18.5%	21.4%	27.2%	3.9%	1.2%	-2.7M	31.9M	-721.9K	0.41	51.84	3,167	1,288	35,482	22,356
2021-01-13	$152.72	$155.00	25.0%	7.2%	18.8%	14.4%	25.0%	3.8%	1.9%	-321.0K	-3.8M	-770.9K	1.98	51.53	1,531	3,027	36,765	22,769
2021-01-14	$155.18	$160.00	26.2%	7.5%	19.7%	16.1%	27.4%	3.9%	1.1%	2.7M	-34.6M	-807.5K	0.25	47.67	5,228	1,329	36,840	23,454
2021-01-15	$157.50	$160.00	26.3%	7.5%	20.3%	16.2%	25.9%	2.6%	1.2%	3.5M	-72.0M	-860.2K	0.41	48.49	2,870	1,175	38,730	24,094
2021-01-19	$159.58	$160.00	25.4%	7.3%	20.6%	14.9%	25.8%	3.2%	1.4%	4.1M	-74.8M	-864.7K	0.29	61.01	3,019	864	22,640	11,883
2021-01-20	$159.36	$160.00	26.1%	7.5%	19.7%	15.2%	26.3%	2.0%	0.9%	4.6M	-79.0M	-892.7K	0.25	67.18	2,092	517	24,159	12,268
2021-01-21	$159.51	$160.00	24.9%	7.1%	19.6%	13.4%	25.8%	3.1%	0.9%	4.9M	-77.0M	-904.6K	0.39	66.87	925	364	24,911	12,505
2021-01-22	$158.90	$160.00	25.3%	7.3%	19.8%	12.8%	26.0%	2.6%	1.2%	4.8M	-75.1M	-917.4K	0.67	66.56	423	285	25,274	12,608
2021-01-25	$160.56	$160.00	26.8%	7.7%	20.0%	15.0%	27.5%	2.9%	0.3%	5.4M	-90.1M	-925.8K	0.51	55.20	2,414	1,227	25,450	12,759
2021-01-26	$163.78	$160.00	26.6%	7.6%	20.9%	14.7%	27.6%	2.4%	-0.0%	6.4M	-119.1M	-965.7K	0.39	59.66	1,781	698	25,933	13,236
2021-01-27	$159.28	$160.00	30.9%	8.9%	23.3%	21.1%	31.9%	3.0%	2.0%	4.6M	-79.9M	-954.7K	0.52	60.36	2,542	1,321	26,101	13,507
2021-01-28	$157.97	$160.00	25.8%	7.4%	23.5%	13.5%	27.3%	3.0%	1.7%	4.4M	-68.8M	-936.8K	0.60	69.96	2,221	1,342	27,279	13,902
2021-01-29	$158.73	$160.00	27.0%	7.7%	23.5%	14.4%	31.1%	4.1%	3.5%	5.0M	-80.6M	-984.5K	0.78	66.51	1,356	1,056	28,314	14,239