CCI Options History — March 2022

In March 2022, CCI traded between $167.42 and $186.25. ATM implied volatility averaged 26.2%, placing in the 52.6% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 2.6% (HV 20d: 23.6%). Max pain ranged from $165.00 to $175.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.74.

Notable Days

  • 2022-03-07: Highest Volume — 6,311 contracts
  • 2022-03-07: Largest IV spike — 20.1% change
  • 2022-03-01: Highest IV Rank — 100.0%
  • 2022-03-08: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$176.08$167.42$186.25$167.42$186.25
Max Pain$171.36$165.00$175.00$170.00$175.00
ATM IV26.2%18.6%35.7%33.6%22.2%
Expected Move7.8%6.1%10.2%9.6%7.0%
HV 20d23.6%18.1%28.5%23.6%18.1%
HV 60d29.6%28.7%30.7%29.9%29.1%
IV Rank52.6%11.7%100.0%100.0%30.5%
IV Percentile77.5%22.6%100.0%100.0%64.3%
Term Structure0.3%-3.0%2.9%-3.0%2.1%
VWIV27.2%21.1%34.2%32.6%23.0%
Skew 25d4.9%3.2%6.3%5.6%3.8%
Skew 10d9.7%6.7%13.7%11.0%6.7%
Call IV 25d24.1%17.4%30.8%30.7%20.3%
Put IV 25d28.9%21.2%36.3%36.3%24.1%
Bid-Ask Spread %62.8535.3378.4264.5264.83
Gamma HHI0.150.100.240.100.24
Net GEX3.5M-739.7K12.4M-739.7K12.4M
Net DEX-8.3M-100.3M44.8M44.8M-100.3M
Net VEX-698.5K-762.0K-631.6K-631.6K-762.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.192.440.580.34
Total Volume3,493.3911,6166,3111,8765,299
Total OI31,364.73925,25535,69525,25534,721

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$167.42$170.0033.6%9.6%23.6%100.0%32.6%5.6%-3.0%-739.7K44.8M-631.6K0.5864.521,18569112,96212,293
2022-03-02$173.45$170.0028.1%8.1%27.5%68.2%28.2%4.9%-0.1%156.9K17.1M-655.1K0.5071.481,27864213,27712,405
2022-03-03$175.33$170.0029.3%8.4%27.1%75.1%28.7%4.7%-0.8%710.3K7.0M-676.5K0.5273.481,06355313,44512,540
2022-03-04$178.48$170.0029.7%8.5%27.7%77.3%32.6%4.2%-0.7%1.2M-9.0M-707.2K0.6372.141,32283413,48112,569
2022-03-07$177.33$170.0035.7%10.2%27.8%100.0%34.2%4.8%-2.3%948.9K-3.7M-710.9K0.1972.415,2891,02213,80312,766
2022-03-08$174.01$170.0032.0%10.2%28.5%81.1%34.0%5.5%-2.3%1.8M4.3M-757.6K0.9176.5697788917,80113,050
2022-03-09$174.86$170.0028.8%9.0%27.9%64.5%31.0%5.3%0.5%1.9M2.2M-733.4K0.5877.951,49587117,74213,054
2022-03-10$175.71$170.0028.3%8.6%27.8%62.1%29.4%4.9%0.5%2.5M-4.1M-722.0K0.8176.931,09889017,95313,061
2022-03-11$173.93$170.0028.8%8.6%24.3%64.3%26.2%4.8%-0.1%1.8M6.3M-711.5K0.3078.424,5741,39218,02813,063
2022-03-14$172.67$165.0030.6%8.4%22.7%73.7%30.5%5.6%-0.9%2.8M10.0M-755.8K0.3335.334,1501,38820,48513,369
2022-03-15$172.70$165.0028.7%8.1%22.6%63.9%28.9%6.3%-1.1%2.7M15.9M-737.9K0.6338.232,6271,65320,84513,484
2022-03-16$172.45$165.0027.5%7.8%21.7%58.0%28.6%5.5%0.6%2.6M19.0M-704.5K0.7748.262,0301,57320,90214,555
2022-03-17$176.60$0.0024.3%7.5%23.0%41.5%25.3%5.7%1.7%4.7M-5.8M-706.2K0.9551.081,7751,68320,89314,571
2022-03-18$175.56$170.0023.6%7.3%22.9%37.5%26.0%5.0%1.8%4.6M1.8M-693.1K1.0853.451,7451,89120,99514,700
2022-03-21$174.34$175.0023.6%7.1%22.8%37.5%23.2%5.2%1.1%2.0M12.1M-663.6K0.3860.081,56258618,78212,328
2022-03-22$174.67$175.0021.5%6.5%22.8%26.8%23.8%4.0%0.7%2.2M-241.5K-657.4K1.4561.888961,29919,71111,813
2022-03-23$173.73$175.0022.4%6.8%22.1%31.2%24.9%5.6%0.9%2.0M4.5M-653.7K2.4460.681,1282,75519,78711,987
2022-03-24$174.64$175.0022.1%6.7%20.3%29.8%25.2%4.7%1.0%2.8M-5.1M-652.4K1.3561.581,3041,76120,13611,528
2022-03-25$177.02$175.0022.2%6.7%20.3%30.3%24.1%3.9%0.9%4.3M-19.8M-678.5K0.8664.412,0591,76920,21211,570
2022-03-28$180.51$175.0021.7%6.6%20.8%27.7%21.7%3.2%1.3%6.8M-44.8M-683.6K0.5661.753,4781,95421,23711,587
2022-03-29$183.84$175.0018.6%6.1%21.4%11.7%21.1%3.8%2.9%10.4M-75.9M-712.6K0.4359.722,6201,11422,38111,652
2022-03-30$184.25$175.0019.5%6.3%18.1%16.4%21.7%4.6%2.6%8.9M-67.8M-698.1K0.4260.302,9371,24722,19711,668
2022-03-31$186.25$175.0022.2%7.0%18.1%30.5%23.0%3.8%2.1%12.4M-100.3M-762.0K0.3464.833,9541,34522,75011,971