CCI Options History — February 2021

In February 2021, CCI traded between $156.00 and $166.10. ATM implied volatility averaged 24.6%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 1.6% (HV 20d: 23.0%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.74.

Notable Days

2021-02-08: Highest Volume — 5,499 contracts
2021-02-10: Largest IV spike — 14.4% change
2021-02-01: Highest IV Rank — 12.2%
2021-02-16: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$162.74	$156.00	$166.10	$164.01	$156.00
Max Pain	$157.37	$155.00	$160.00	$160.00	$160.00
ATM IV	24.6%	22.2%	27.3%	25.5%	24.9%
Expected Move	7.2%	6.8%	7.8%	7.3%	7.1%
HV 20d	23.0%	20.7%	25.9%	25.7%	21.5%
HV 60d	21.3%	20.4%	22.7%	22.4%	21.0%
IV Rank	7.6%	4.5%	12.2%	12.2%	6.3%
IV Percentile	15.8%	2.8%	42.5%	25.4%	14.7%
Term Structure	0.5%	-1.9%	2.2%	1.8%	1.0%
VWIV	25.7%	23.7%	27.5%	26.8%	25.1%
Skew 25d	3.0%	1.9%	4.6%	3.6%	2.9%
Skew 10d	5.3%	3.4%	6.9%	6.0%	4.4%
Call IV 25d	24.0%	22.2%	25.5%	24.7%	23.4%
Put IV 25d	27.0%	25.3%	28.7%	28.3%	26.3%
Bid-Ask Spread %	65.14	58.23	72.86	67.21	71.05
Gamma HHI	0.17	0.13	0.28	0.15	0.13
Net GEX	7.1M	2.1M	11.7M	7.5M	2.1M
Net DEX	-108.6M	-161.6M	-18.6M	-133.7M	-18.6M
Net VEX	-952.1K	-1.0M	-808.7K	-1.0M	-808.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.19	1.64	0.44	0.62
Total Volume	2,292.789	902	5,499	3,536	1,188
Total OI	45,663.895	40,317	51,247	43,051	42,473

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
2021-02-01	$164.01	$160.00	25.5%	7.3%	25.7%	12.2%	26.8%	3.6%	1.8%	7.5M	-133.7M	-1.0M	0.44	67.21	2,456	1,080	28,482	14,569
2021-02-02	$166.10	$160.00	24.1%	6.9%	24.9%	10.1%	24.6%	2.0%	2.2%	9.1M	-157.6M	-995.2K	0.46	64.79	2,182	1,013	28,615	14,706
2021-02-03	$163.41	$160.00	23.8%	6.8%	25.9%	9.6%	25.3%	1.9%	2.2%	7.7M	-125.6M	-971.3K	0.27	65.56	1,623	442	28,681	14,749
2021-02-04	$163.38	$155.00	22.9%	7.2%	22.9%	8.3%	26.5%	2.5%	-0.5%	8.0M	-124.2M	-968.3K	0.60	60.04	564	338	29,341	14,937
2021-02-05	$162.19	$155.00	22.2%	7.4%	23.2%	7.2%	25.9%	2.4%	-0.0%	7.5M	-113.1M	-946.5K	0.63	58.74	822	515	29,614	14,987
2021-02-08	$160.99	$155.00	22.9%	7.7%	23.3%	8.3%	27.5%	2.4%	-0.5%	6.4M	-96.9M	-920.5K	1.05	58.23	2,677	2,822	29,792	15,116
2021-02-09	$163.38	$155.00	22.6%	7.3%	23.3%	7.0%	25.7%	2.7%	-0.1%	7.1M	-118.2M	-985.2K	0.37	59.20	1,758	659	30,256	17,187
2021-02-10	$163.43	$155.00	25.9%	7.4%	22.2%	7.9%	26.6%	2.9%	0.4%	7.7M	-117.8M	-1.0M	1.39	64.02	926	1,285	30,665	17,640
2021-02-11	$161.76	$155.00	26.2%	7.5%	22.4%	8.4%	26.4%	3.1%	0.1%	6.4M	-96.3M	-981.6K	0.67	66.36	579	388	30,742	17,646
2021-02-12	$163.89	$155.00	25.2%	7.2%	22.2%	6.7%	26.5%	2.4%	0.9%	8.2M	-125.6M	-1.0M	0.48	65.49	1,408	675	30,929	17,813
2021-02-16	$161.66	$155.00	27.3%	7.8%	22.5%	10.0%	25.9%	3.7%	-1.9%	6.2M	-94.9M	-946.6K	0.82	65.19	1,338	1,102	31,427	18,148
2021-02-17	$162.90	$155.00	24.7%	7.1%	22.2%	6.0%	26.6%	3.4%	0.4%	7.9M	-111.5M	-952.5K	1.64	61.47	894	1,465	31,870	18,485
2021-02-18	$165.05	$155.00	24.6%	7.0%	22.6%	5.8%	24.8%	3.3%	0.4%	11.7M	-142.9M	-971.1K	1.01	72.16	1,845	1,865	32,033	19,214
2021-02-19	$166.00	$160.00	23.8%	6.8%	22.6%	4.5%	24.0%	2.8%	1.2%	8.8M	-161.6M	-971.3K	0.43	65.54	1,764	756	32,222	18,751
2021-02-22	$165.27	$160.00	24.7%	7.1%	22.6%	6.0%	25.0%	3.7%	0.5%	7.7M	-116.7M	-938.5K	1.31	67.67	1,117	1,464	27,308	13,009
2021-02-23	$162.44	$160.00	25.4%	7.3%	23.4%	7.1%	24.9%	2.8%	-0.2%	6.1M	-86.0M	-931.7K	1.28	64.59	663	850	27,973	13,698
2021-02-24	$161.25	$160.00	24.3%	7.0%	22.4%	5.4%	23.7%	3.7%	0.8%	5.3M	-71.1M	-897.6K	0.19	67.51	1,318	245	28,016	13,976
2021-02-25	$158.90	$160.00	26.2%	7.5%	20.7%	8.3%	26.2%	4.6%	0.5%	4.1M	-50.2M	-886.4K	0.35	72.86	1,095	382	28,507	14,037
2021-02-26	$156.00	$160.00	24.9%	7.1%	21.5%	6.3%	25.1%	2.9%	1.0%	2.1M	-18.6M	-808.7K	0.62	71.05	733	455	28,302	14,171