CCI Options History — May 2021

In May 2021, CCI traded between $179.46 and $189.97. ATM implied volatility averaged 20.1%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 2.3% (HV 20d: 17.8%). Max pain ranged from $170.00 to $180.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.90.

Notable Days

  • 2021-05-13: Highest Volume — 3,771 contracts
  • 2021-05-11: Largest IV spike — 11.3% change
  • 2021-05-12: Highest IV Rank — 34.0%
  • 2021-05-12: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$184.20$179.46$189.97$187.47$189.97
Max Pain$179.00$170.00$180.00$170.00$180.00
ATM IV20.1%17.4%24.6%19.1%17.4%
Expected Move5.8%5.0%7.1%5.5%5.0%
HV 20d17.8%13.5%19.6%13.5%18.4%
HV 60d20.7%18.8%21.3%20.4%18.8%
IV Rank15.5%4.4%34.0%11.1%4.4%
IV Percentile8.7%0.4%27.8%4.0%0.4%
Term Structure0.2%-1.5%1.5%0.8%1.2%
VWIV20.4%17.5%24.6%18.2%17.5%
Skew 25d2.7%1.7%4.3%2.3%1.7%
Skew 10d5.7%3.0%12.4%5.1%3.2%
Call IV 25d19.2%16.7%23.4%17.4%16.7%
Put IV 25d21.9%18.4%27.8%19.7%18.4%
Bid-Ask Spread %60.8924.6077.6058.8164.01
Gamma HHI0.240.180.590.220.20
Net GEX10.4M7.3M18.9M12.0M8.7M
Net DEX-165.7M-228.3M-118.7M-228.3M-173.3M
Net VEX-838.4K-931.6K-777.2K-846.1K-788.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.093.330.610.23
Total Volume1,416.553663,771607760
Total OI39,311.2531,83743,84037,56634,653

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$187.47$170.0019.1%5.5%13.5%11.1%18.2%2.3%0.8%12.0M-228.3M-846.1K0.6158.8137822924,36913,197
2021-05-04$182.37$175.0021.1%6.1%17.2%19.5%20.3%1.8%0.2%10.0M-170.6M-849.7K0.7669.6184263924,51813,336
2021-05-05$183.11$175.0019.3%5.5%17.2%12.2%19.7%2.2%0.7%10.5M-174.0M-843.1K0.7674.7595372424,48913,606
2021-05-06$180.95$180.0020.8%6.1%17.7%18.2%21.5%3.3%-0.9%8.4M-142.0M-894.2K0.8868.6265457325,68415,520
2021-05-07$183.04$180.0019.2%5.9%17.9%11.5%21.6%3.1%-0.5%10.2M-172.3M-881.1K1.0867.9329632025,87915,660
2021-05-10$183.47$180.0020.9%6.1%17.5%18.6%21.8%3.6%-0.7%10.4M-173.0M-866.5K1.0569.2219520425,94615,778
2021-05-11$181.94$180.0023.3%6.4%17.9%28.3%23.1%3.2%-0.6%9.2M-153.6M-868.5K1.2348.8123228625,99615,901
2021-05-12$179.46$180.0024.6%7.1%18.4%34.0%24.6%4.3%-1.5%7.3M-118.7M-883.2K2.2365.138611,92125,98315,923
2021-05-13$180.28$180.0023.2%6.6%17.6%27.9%23.7%2.7%-0.5%8.3M-127.1M-931.6K1.3562.101,6062,16526,45417,386
2021-05-14$181.43$180.0020.6%5.9%17.6%17.4%21.5%3.0%0.5%10.8M-151.4M-858.4K0.3070.0670121026,08616,043
2021-05-17$182.35$180.0021.3%6.1%17.7%20.3%21.5%2.9%0.0%11.5M-163.6M-838.4K0.9137.6241537925,98216,007
2021-05-18$183.49$180.0019.7%5.6%17.2%13.7%20.5%2.7%0.4%13.4M-179.2M-824.2K0.3824.6059222426,15016,051
2021-05-19$181.06$180.0021.3%6.1%17.8%20.2%20.9%3.3%-0.5%9.9M-142.7M-824.3K0.4974.1169533826,24216,135
2021-05-20$185.69$180.0019.6%5.6%19.6%13.4%19.8%2.6%0.2%16.5M-212.4M-808.7K0.1577.602,23733126,16916,209
2021-05-21$185.33$180.0018.6%5.3%18.8%8.9%18.7%2.8%0.9%18.9M-200.6M-793.1K0.0969.033,28228625,48016,306
2021-05-24$186.49$180.0018.4%5.3%18.7%8.5%17.9%1.9%0.9%7.3M-144.1M-793.9K0.4457.211,03845519,21912,618
2021-05-25$188.69$180.0018.8%5.4%19.0%10.0%18.8%2.9%0.1%8.0M-162.7M-788.5K3.3368.575651,88019,47312,938
2021-05-26$188.67$180.0017.8%5.1%19.0%6.0%18.2%2.0%1.0%8.0M-161.5M-807.6K0.6934.7629520419,72114,665
2021-05-27$188.76$180.0017.8%5.1%18.3%5.8%17.7%2.2%1.5%7.9M-162.7M-777.2K1.1355.2417219419,75614,697
2021-05-28$189.97$180.0017.4%5.0%18.4%4.4%17.5%1.7%1.2%8.7M-173.3M-788.9K0.2364.0161814219,81514,838