CCI Options History — July 2021

In July 2021, CCI traded between $191.70 and $203.69. ATM implied volatility averaged 18.9%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 2.9% (HV 20d: 15.9%). Max pain ranged from $185.00 to $200.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2021-07-22: Highest Volume — 9,777 contracts
  • 2021-07-19: Largest IV spike — 16.5% change
  • 2021-07-19: Highest IV Rank — 34.4%
  • 2021-07-19: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$198.26$191.70$203.69$195.35$193.15
Max Pain$192.86$185.00$200.00$190.00$190.00
ATM IV18.9%16.3%22.8%17.3%18.2%
Expected Move5.6%4.7%6.5%5.0%5.2%
HV 20d15.9%9.6%21.4%17.0%21.3%
HV 60d17.2%16.2%19.1%16.5%18.1%
IV Rank13.5%0.0%34.4%4.5%9.9%
IV Percentile15.1%0.0%33.3%0.8%11.1%
Term Structure1.1%0.3%3.6%3.1%1.4%
VWIV19.8%15.5%22.9%17.2%19.9%
Skew 25d2.1%1.3%2.6%2.4%1.3%
Skew 10d4.8%2.0%7.1%3.5%2.0%
Call IV 25d19.0%15.4%22.0%16.2%18.6%
Put IV 25d21.2%17.9%24.6%18.6%19.9%
Bid-Ask Spread %63.8632.0578.1964.3174.55
Gamma HHI0.240.170.350.210.18
Net GEX8.0M3.3M11.8M8.1M8.0M
Net DEX-132.3M-208.6M-51.0M-110.3M-84.2M
Net VEX-771.4K-899.9K-672.1K-711.3K-890.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.132.110.480.23
Total Volume1,979.4765429,7775421,104
Total OI33,966.04827,70838,51833,16536,319

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$195.35$190.0017.3%5.0%17.0%4.5%17.2%2.4%3.1%8.1M-110.3M-711.3K0.4864.3136517716,57716,588
2021-07-02$196.92$190.0016.3%4.7%16.7%0.0%15.5%2.5%3.6%9.5M-120.8M-694.6K0.2662.2878820516,71616,607
2021-07-06$198.99$185.0016.9%5.8%17.0%3.2%20.4%2.5%0.9%9.5M-143.5M-689.7K0.4037.111,18947216,97416,700
2021-07-07$200.92$190.0017.8%5.8%17.0%7.1%20.0%2.5%0.8%9.4M-165.2M-690.0K0.1367.361,66321517,41216,941
2021-07-08$200.61$190.0018.8%5.9%17.0%12.5%20.5%2.5%0.4%10.2M-170.6M-687.2K0.4073.431,10443718,13317,038
2021-07-09$201.39$190.0016.8%5.8%16.1%2.3%20.5%2.3%0.4%10.6M-180.8M-672.1K0.3432.0581827418,34917,081
2021-07-12$202.60$190.0018.4%5.9%11.0%10.6%20.6%2.3%0.3%9.9M-195.2M-682.2K0.9063.001,6431,47918,86417,179
2021-07-13$200.64$195.0017.3%5.8%10.9%5.0%20.2%2.2%0.7%11.8M-173.0M-700.1K0.5571.5743523818,81317,112
2021-07-14$202.30$195.0019.8%5.7%11.0%18.7%19.7%2.3%0.6%9.6M-191.5M-673.6K0.2778.192,40263718,78017,237
2021-07-15$202.80$195.0019.9%5.7%10.4%19.2%19.8%2.2%0.5%8.3M-193.1M-722.9K0.1771.163,16355019,20917,591
2021-07-16$203.57$200.0019.6%5.6%9.6%17.3%19.6%1.7%1.0%5.9M-208.6M-786.5K0.4171.601,04342920,57317,945
2021-07-19$201.26$200.0022.8%6.5%10.5%34.4%22.9%2.6%0.6%5.0M-114.8M-829.4K0.6468.9867342915,68412,024
2021-07-20$203.69$200.0021.0%6.0%10.8%25.2%20.2%2.4%0.6%5.7M-132.2M-815.0K0.3268.7596530615,92812,353
2021-07-21$201.39$200.0019.7%5.7%11.7%18.2%19.9%2.4%1.1%5.7M-118.2M-808.6K0.4666.9483338516,39112,491
2021-07-22$192.14$200.0020.5%5.9%20.7%22.5%20.4%1.5%0.7%3.3M-51.0M-787.9K0.4068.196,9992,77816,85812,648
2021-07-23$193.42$190.0018.7%5.4%20.8%13.0%19.2%1.9%1.1%7.4M-92.0M-850.9K1.7071.331,1551,96020,05813,552
2021-07-26$191.70$190.0019.9%5.7%20.9%18.9%19.7%2.0%1.0%6.9M-72.8M-844.9K2.1148.066461,36220,05813,552
2021-07-27$194.15$190.0019.8%5.7%21.4%18.4%20.6%1.6%1.1%7.7M-95.0M-899.9K0.3443.4059320120,22214,758
2021-07-28$193.49$190.0019.1%5.5%21.4%14.6%19.6%1.9%1.4%7.7M-85.1M-896.4K0.1970.0653810420,46715,402
2021-07-29$192.92$190.0017.9%5.1%21.3%8.4%19.0%2.1%1.7%7.8M-79.4M-865.1K0.3168.6761819420,65715,446
2021-07-30$193.15$190.0018.2%5.2%21.3%9.9%19.9%1.3%1.4%8.0M-84.2M-890.4K0.2374.5589421020,84015,479