CCI Options History — January 2023

In January 2023, CCI traded between $138.31 and $151.46. ATM implied volatility averaged 28.3%, placing in the 37.9% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 3.5% (HV 20d: 31.9%). Max pain ranged from $140.00 to $145.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.76.

Notable Days

  • 2023-01-18: Highest Volume — 2,562 contracts
  • 2023-01-26: Largest IV drop — 12.6% change
  • 2023-01-11: Highest IV Rank — 41.8%
  • 2023-01-05: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$146.26$138.31$151.46$138.31$147.24
Max Pain$140.75$140.00$145.00$140.00$145.00
ATM IV28.3%25.0%29.4%28.5%28.6%
Expected Move8.2%7.2%8.9%8.2%8.2%
HV 20d31.9%28.0%37.3%31.4%28.0%
HV 60d34.7%33.1%36.2%35.3%33.1%
IV Rank37.9%24.8%41.8%41.7%38.8%
IV Percentile42.8%17.9%54.4%45.2%44.4%
Term Structure-0.6%-1.7%2.2%2.2%-0.9%
VWIV28.6%26.0%30.6%29.3%27.5%
Skew 25d4.4%3.5%5.1%3.7%4.6%
Skew 10d8.6%5.8%10.3%8.5%9.6%
Call IV 25d26.4%23.7%28.1%27.4%26.0%
Put IV 25d30.8%27.8%33.2%31.0%30.6%
Bid-Ask Spread %52.3827.0562.4661.7557.50
Gamma HHI0.250.160.300.160.30
Net GEX5.2M2.7M7.3M2.7M5.4M
Net DEX-60.1M-108.4M-12.6M-12.6M-51.2M
Net VEX-461.9K-487.6K-439.4K-441.5K-461.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.192.440.690.69
Total Volume979.653192,562635459
Total OI30,578.7520,40836,92933,03724,146

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$138.31$140.0028.5%8.2%31.4%41.7%29.3%3.7%2.2%2.7M-12.6M-441.5K0.6961.7537526021,82711,210
2023-01-04$142.97$140.0027.7%7.9%33.5%37.4%28.6%4.0%2.1%4.2M-43.7M-474.2K0.9060.7752847622,03811,361
2023-01-05$141.28$140.0029.0%8.9%33.5%40.3%30.6%5.1%-0.7%3.8M-31.2M-457.9K1.2752.8227534922,15711,388
2023-01-06$146.33$140.0026.8%8.3%35.5%31.8%28.9%4.7%-0.2%5.3M-65.9M-476.8K1.0455.9929230422,26911,608
2023-01-09$145.77$140.0028.5%8.4%35.6%38.4%28.7%4.6%-0.6%5.4M-62.3M-460.4K0.7854.9256744022,36811,672
2023-01-10$146.24$140.0028.3%8.4%35.5%37.6%29.3%4.8%-0.7%5.5M-66.0M-467.1K0.7456.8918313622,54011,627
2023-01-11$151.46$140.0029.4%8.4%37.3%41.8%29.4%4.7%-1.6%6.3M-104.6M-477.1K0.3351.531,69956722,58711,631
2023-01-12$151.27$140.0028.5%8.2%35.7%38.4%29.3%4.7%-1.0%6.8M-106.4M-487.6K0.8857.2441836923,44411,854
2023-01-13$151.33$140.0027.8%8.0%29.4%35.5%27.9%4.4%-0.8%6.9M-108.4M-487.1K0.5860.4031318023,53812,044
2023-01-17$150.07$140.0029.0%8.3%29.8%40.1%29.0%4.7%-1.6%6.7M-98.0M-471.2K0.3557.8929410223,68912,124
2023-01-18$145.22$140.0029.2%8.4%31.6%41.1%27.7%4.3%-1.7%6.0M-54.7M-443.8K0.1935.592,14641623,78912,091
2023-01-19$145.35$140.0029.4%8.4%29.9%41.8%29.6%4.3%-1.0%7.3M-57.6M-454.0K0.5127.0563832324,61512,227
2023-01-20$147.23$140.0028.8%8.2%29.7%39.3%28.4%4.0%0.3%4.3M-77.0M-459.7K0.7031.2680956424,59412,335
2023-01-23$145.06$140.0029.1%8.3%30.4%40.7%28.9%4.4%-1.5%3.9M-39.1M-439.4K0.5150.6791246214,0326,376
2023-01-24$145.25$140.0028.9%8.3%30.4%39.7%28.0%4.5%-1.5%4.1M-40.4M-450.8K0.3662.4680028914,6986,627
2023-01-25$145.63$140.0028.6%8.2%30.2%38.7%30.3%3.7%-0.9%4.5M-43.9M-457.4K2.4451.535681,38615,3096,815
2023-01-26$147.77$140.0025.0%7.2%30.5%24.8%26.0%4.1%-0.1%5.3M-54.4M-466.0K0.6557.6250733215,6107,670
2023-01-27$146.27$145.0026.8%7.7%30.0%31.5%26.6%3.5%0.1%4.9M-45.3M-457.7K0.9348.7925523815,9277,816
2023-01-30$145.17$145.0028.6%8.2%29.1%38.8%28.0%4.3%-1.1%4.5M-39.0M-447.7K0.7054.8421314916,0447,878
2023-01-31$147.24$145.0028.6%8.2%28.0%38.8%27.5%4.6%-0.9%5.4M-51.2M-461.2K0.6957.5027118816,1737,973