CCI Options History — February 2023

In February 2023, CCI traded between $130.48 and $151.90. ATM implied volatility averaged 28.4%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 2.3% (HV 20d: 26.1%). Max pain ranged from $140.00 to $145.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.79.

Notable Days

  • 2023-02-06: Highest Volume — 2,639 contracts
  • 2023-02-21: Largest IV spike — 10.7% change
  • 2023-02-27: Highest IV Rank — 45.5%
  • 2023-02-27: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.10$130.48$151.90$149.74$130.48
Max Pain$141.05$140.00$145.00$145.00$140.00
ATM IV28.4%26.4%30.4%26.7%29.9%
Expected Move8.1%7.4%8.7%7.6%8.6%
HV 20d26.1%23.2%30.9%27.8%26.1%
HV 60d30.4%28.1%34.8%33.3%28.4%
IV Rank38.1%30.1%45.5%31.3%43.8%
IV Percentile43.0%21.8%64.7%25.4%59.9%
Term Structure-0.9%-1.9%0.2%-1.4%-1.2%
VWIV27.7%25.7%30.3%25.7%30.3%
Skew 25d5.3%4.2%5.9%4.2%4.2%
Skew 10d9.3%7.2%10.4%9.0%7.8%
Call IV 25d25.1%23.1%27.3%24.4%27.3%
Put IV 25d30.4%28.4%32.0%28.5%31.4%
Bid-Ask Spread %43.5611.5368.5964.9556.35
Gamma HHI0.160.090.310.310.10
Net GEX2.0M-389.6K7.4M6.5M-389.6K
Net DEX-11.6M-87.5M24.7M-69.0M24.7M
Net VEX-419.0K-487.4K-379.7K-464.6K-383.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.102.020.261.62
Total Volume1,110.0534282,639869751
Total OI24,592.05321,18027,36024,32924,228

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$149.74$145.0026.7%7.6%27.8%31.3%25.7%4.2%-1.4%6.5M-69.0M-464.6K0.2664.9568918016,2558,074
2023-02-02$151.90$140.0026.9%7.4%25.9%32.3%26.2%5.2%-0.6%7.4M-87.5M-487.4K0.8140.6750340816,7628,109
2023-02-03$145.07$140.0027.8%7.9%30.9%35.6%28.7%5.2%-0.6%4.9M-36.4M-457.4K0.5167.281,16258816,9468,165
2023-02-06$145.51$145.0029.7%8.1%28.2%42.8%27.9%5.0%-1.1%4.7M-37.5M-453.3K0.1062.372,39724216,5618,584
2023-02-07$144.84$145.0029.3%8.0%28.2%41.5%29.1%5.6%-0.7%3.2M-26.9M-429.5K0.8349.9642735615,5048,642
2023-02-08$143.00$140.0027.9%8.0%28.5%36.1%28.9%5.8%-0.5%2.3M-16.8M-422.0K0.4632.6829313515,5618,817
2023-02-09$140.99$145.0029.2%8.4%25.4%41.1%27.9%5.6%-1.3%1.4M-7.2M-410.9K0.9340.6749346015,6718,857
2023-02-10$141.91$140.0029.1%8.3%25.6%40.5%27.3%5.8%-1.2%1.3M-9.3M-415.8K0.2844.3261817315,9869,072
2023-02-13$141.42$140.0029.4%8.4%25.6%41.7%26.8%5.9%-1.5%1.4M-9.2M-415.3K0.2129.611,85339616,3819,129
2023-02-14$139.58$140.0027.4%7.9%25.8%34.0%26.0%5.9%-0.5%447.8K-578.6K-408.8K1.8928.4526950917,3569,223
2023-02-15$139.80$140.0026.8%7.7%23.4%31.6%25.8%5.4%0.1%681.8K-1.9M-405.2K0.5118.3576338717,4159,105
2023-02-16$139.51$140.0026.4%7.6%23.4%30.1%26.9%4.8%-0.1%936.2K-2.0M-423.9K2.0227.0923146617,8039,366
2023-02-17$140.96$140.0026.9%7.7%23.2%32.3%26.4%5.6%-0.3%1.8M-13.3M-430.7K0.7033.6657139817,9069,454
2023-02-21$136.80$140.0029.8%8.5%24.8%43.4%29.3%5.8%-1.9%645.8K2.3M-397.3K0.9044.6852947813,7237,457
2023-02-22$133.52$140.0028.9%8.3%25.9%39.9%28.7%5.1%-0.6%146.2K13.4M-388.1K0.7468.5966349313,9817,874
2023-02-23$134.32$140.0028.0%8.0%26.0%36.2%25.9%5.9%0.2%102.4K12.6M-397.5K0.1954.6091117114,1808,226
2023-02-24$131.13$140.0029.9%8.6%26.0%43.6%28.7%4.8%-1.5%-183.3K23.0M-379.7K1.1311.5361269414,7838,342
2023-02-27$131.46$140.0030.4%8.7%26.1%45.5%29.5%5.2%-1.7%-166.2K20.9M-390.4K0.8651.8544337915,0788,673
2023-02-28$130.48$140.0029.9%8.6%26.1%43.8%30.3%4.2%-1.2%-389.6K24.7M-383.9K1.6256.3528746415,3338,895