CCI Options History — March 2023

In March 2023, CCI traded between $124.33 and $132.90. ATM implied volatility averaged 31.9%, placing in the 51.5% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 6.5% (HV 20d: 25.5%). Max pain ranged from $130.00 to $140.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.85.

Notable Days

  • 2023-03-13: Highest Volume — 3,400 contracts
  • 2023-03-13: Largest IV spike — 25.6% change
  • 2023-03-13: Highest IV Rank — 97.1%
  • 2023-03-15: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$129.61$124.33$132.90$129.36$132.86
Max Pain$134.78$130.00$140.00$140.00$130.00
ATM IV31.9%27.8%43.8%29.0%27.8%
Expected Move8.8%7.8%10.0%8.3%8.0%
HV 20d25.5%18.9%29.3%25.1%28.9%
HV 60d28.0%26.8%29.4%28.4%26.8%
IV Rank51.5%33.3%97.1%40.3%33.3%
IV Percentile68.6%27.4%99.2%49.6%27.4%
Term Structure-0.4%-3.3%1.6%-1.0%0.9%
VWIV30.5%27.5%33.7%29.5%29.4%
Skew 25d5.0%3.2%6.5%5.4%4.5%
Skew 10d10.3%6.5%21.7%7.6%7.7%
Call IV 25d28.6%25.7%32.2%26.1%27.2%
Put IV 25d33.5%29.6%37.8%31.4%31.7%
Bid-Ask Spread %66.2434.8972.5159.9164.58
Gamma HHI0.130.090.320.110.14
Net GEX-232.5K-2.6M2.0M-718.5K2.0M
Net DEX16.2M-21.7M41.6M30.9M-21.7M
Net VEX-477.7K-544.0K-379.6K-379.6K-544.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.233.101.690.78
Total Volume1,150.2174233,4001,405512
Total OI28,950.30424,69932,43224,69931,059

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$129.36$140.0029.0%8.3%25.1%40.3%29.5%5.4%-1.0%-718.5K30.9M-379.6K1.6959.9152388215,4789,221
2023-03-02$129.44$140.0029.3%8.4%23.7%41.5%28.3%4.2%-0.8%-806.9K29.1M-395.4K0.5360.8166635415,8429,655
2023-03-03$131.42$140.0029.0%8.3%23.8%40.4%29.0%3.9%-1.0%-376.3K18.7M-417.5K1.3758.1258980816,3239,832
2023-03-06$130.28$140.0029.5%7.8%18.9%42.2%27.6%4.0%-0.1%-779.2K25.5M-403.8K0.6472.3959237616,74310,190
2023-03-07$126.78$135.0031.6%8.3%20.1%50.4%28.2%4.3%-1.2%-1.3M39.1M-391.5K3.1070.765041,56017,10410,367
2023-03-08$130.00$135.0029.5%8.0%23.1%42.0%27.5%3.2%-0.3%-1.1M27.6M-449.3K0.5571.7948426817,31911,852
2023-03-09$128.40$135.0031.3%8.4%23.1%49.2%29.0%4.2%-0.8%-1.4M34.9M-447.4K0.4366.9038716617,38511,928
2023-03-10$126.87$135.0034.8%9.3%23.0%62.7%31.2%5.4%-1.1%-1.6M41.6M-447.1K0.5770.0680946317,51012,000
2023-03-13$130.73$135.0043.8%9.9%25.9%97.1%33.7%4.2%-3.3%-1.0M22.0M-486.9K0.7469.091,9551,44517,45812,222
2023-03-14$130.50$135.0038.7%9.2%25.9%77.8%32.1%5.8%-1.0%-680.1K30.2M-501.4K1.0271.0227428018,75313,589
2023-03-15$131.81$135.0034.9%10.0%26.2%63.0%33.2%6.1%-1.6%-158.2K18.0M-522.3K0.8566.7538732918,88713,545
2023-03-16$132.90$135.0031.6%9.0%26.4%50.1%31.2%5.3%-1.1%181.6K8.2M-511.7K0.6269.9153233218,88113,112
2023-03-17$130.53$135.0032.6%9.3%27.0%54.0%33.0%5.5%0.6%-2.6M19.9M-501.3K0.4069.0165726018,94413,102
2023-03-20$131.44$135.0032.4%9.3%26.8%53.2%30.8%6.0%0.1%533.1K126.0K-500.2K0.2669.391,28732915,22910,368
2023-03-21$129.63$135.0031.7%9.1%25.2%50.7%31.0%6.5%-0.1%541.6K5.5M-500.6K0.7667.3051839616,27010,529
2023-03-22$127.08$135.0032.4%9.3%24.8%53.4%30.8%4.2%-0.4%236.8K12.5M-486.6K0.6072.511,12167816,57110,660
2023-03-23$124.33$135.0032.2%9.2%25.5%52.5%31.2%5.4%1.6%-259.2K26.1M-486.3K0.2868.781,09530517,11511,391
2023-03-24$128.82$135.0031.5%9.0%27.9%49.8%32.0%5.8%0.0%749.5K2.8M-532.3K0.2371.5986220017,62111,440
2023-03-27$128.00$130.0030.4%8.7%27.9%45.5%31.3%5.3%0.2%577.7K6.3M-512.0K1.7267.5331854617,96411,537
2023-03-28$127.40$130.0031.6%9.1%27.9%50.4%31.2%4.8%-0.0%282.0K10.4M-508.5K0.8671.6222719618,07111,957
2023-03-29$130.38$130.0029.3%8.4%29.0%41.6%30.9%5.4%0.6%926.8K-3.3M-524.6K1.2058.8337845318,13912,134
2023-03-30$132.10$130.0029.8%8.5%29.3%43.3%29.6%5.1%0.3%1.4M-12.3M-536.7K0.3834.8983531718,28312,277
2023-03-31$132.86$130.0027.8%8.0%28.9%33.3%29.4%4.5%0.9%2.0M-21.7M-544.0K0.7864.5828722518,84312,216