CCI Options History — April 2023

In April 2023, CCI traded between $120.12 and $134.94. ATM implied volatility averaged 27.4%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 0.6% (HV 20d: 26.8%). Max pain ranged from $125.00 to $130.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.99.

Notable Days

2023-04-19: Highest Volume — 3,017 contracts
2023-04-25: Largest IV spike — 12.1% change
2023-04-10: Highest IV Rank — 46.1%
2023-04-10: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$129.50	$120.12	$134.94	$131.82	$122.70
Max Pain	$126.32	$125.00	$130.00	$130.00	$125.00
ATM IV	27.4%	23.3%	31.6%	29.2%	23.3%
Expected Move	7.8%	6.7%	8.4%	8.4%	6.7%
HV 20d	26.8%	22.7%	31.5%	28.9%	28.2%
HV 60d	26.0%	24.6%	27.6%	26.7%	27.3%
IV Rank	29.0%	11.5%	46.1%	38.8%	11.5%
IV Percentile	27.9%	3.6%	71.4%	47.6%	3.6%
Term Structure	0.3%	-1.2%	1.7%	0.2%	1.6%
VWIV	27.0%	23.4%	30.6%	30.2%	23.4%
Skew 25d	5.0%	4.1%	5.5%	4.3%	4.3%
Skew 10d	9.7%	7.5%	11.3%	7.5%	8.0%
Call IV 25d	25.0%	22.4%	27.4%	26.9%	22.4%
Put IV 25d	30.0%	26.7%	32.4%	31.2%	26.7%
Bid-Ask Spread %	52.66	20.15	71.40	63.73	55.12
Gamma HHI	0.17	0.11	0.30	0.14	0.13
Net GEX	1.2M	-2.2M	3.6M	1.8M	-74.8K
Net DEX	-3.4M	-33.0M	35.3M	-14.0M	21.7M
Net VEX	-468.9K	-533.5K	-395.0K	-523.3K	-438.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.99	0.17	3.50	1.35	0.21
Total Volume	1,155.684	266	3,017	319	1,046
Total OI	29,809.474	21,715	34,011	31,185	24,940

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-04-03	$131.82	$130.00	29.2%	8.4%	28.9%	38.8%	30.2%	4.3%	0.2%	1.8M	-14.0M	-523.3K	1.35	63.73	136	183	18,945	12,240
2023-04-04	$133.18	$130.00	28.4%	8.1%	27.1%	35.6%	29.5%	5.0%	0.1%	2.2M	-23.0M	-525.8K	1.00	40.42	202	203	19,006	12,260
2023-04-05	$134.10	$130.00	29.1%	8.3%	25.8%	36.0%	29.2%	4.1%	-0.1%	2.5M	-28.2M	-533.5K	2.48	71.40	294	729	19,066	12,364
2023-04-06	$134.11	$125.00	28.5%	8.2%	25.3%	33.2%	27.9%	5.3%	-0.4%	2.5M	-26.9M	-528.1K	0.39	48.88	192	74	19,138	11,985
2023-04-10	$133.86	$125.00	31.6%	8.4%	24.8%	46.1%	27.8%	5.2%	-1.2%	2.5M	-25.2M	-508.4K	0.50	59.18	371	186	19,224	12,004
2023-04-11	$134.94	$125.00	31.4%	8.3%	22.7%	45.4%	29.5%	5.2%	-0.9%	3.1M	-33.0M	-511.6K	0.99	60.91	261	258	19,452	12,054
2023-04-12	$133.69	$125.00	28.2%	8.1%	23.1%	31.8%	30.6%	4.7%	-0.5%	2.4M	-23.0M	-497.6K	1.30	65.87	250	324	19,582	12,062
2023-04-13	$134.10	$125.00	27.8%	8.0%	22.8%	30.0%	27.7%	5.3%	-0.3%	2.7M	-25.5M	-502.1K	1.42	52.02	136	193	19,689	12,185
2023-04-14	$129.15	$125.00	27.8%	8.0%	26.4%	30.3%	28.7%	5.3%	0.0%	562.6K	6.6M	-459.9K	0.41	59.12	1,098	446	19,778	12,159
2023-04-17	$131.61	$125.00	27.8%	8.0%	26.6%	30.2%	25.9%	5.3%	-0.5%	2.2M	-10.5M	-462.8K	0.17	33.96	1,142	195	20,200	12,259
2023-04-18	$132.27	$125.00	28.0%	8.0%	26.5%	30.9%	26.3%	5.4%	-0.6%	2.7M	-14.0M	-464.6K	3.50	68.50	338	1,184	20,471	12,285
2023-04-19	$133.14	$125.00	25.7%	7.4%	26.0%	21.5%	24.8%	5.5%	0.0%	3.6M	-23.2M	-459.1K	1.08	68.36	1,451	1,566	20,531	11,993
2023-04-20	$126.38	$125.00	26.3%	7.5%	31.5%	23.7%	25.6%	5.0%	1.1%	-1.3M	27.9M	-422.6K	1.04	61.22	1,009	1,052	20,978	12,807
2023-04-21	$125.56	$130.00	25.0%	7.2%	30.5%	18.4%	24.6%	5.3%	1.6%	-2.2M	23.5M	-417.2K	0.81	54.62	807	655	21,254	12,757
2023-04-24	$124.50	$130.00	25.0%	7.2%	27.7%	18.6%	25.3%	4.9%	1.3%	-164.8K	18.4M	-409.2K	0.83	29.86	1,141	942	12,267	9,448
2023-04-25	$122.28	$125.00	28.1%	8.0%	28.3%	31.3%	26.0%	5.1%	1.0%	-454.7K	27.3M	-412.4K	0.68	20.15	515	350	12,988	10,020
2023-04-26	$120.12	$125.00	26.4%	7.6%	28.8%	24.1%	25.5%	4.9%	1.7%	-891.5K	35.3M	-395.0K	0.29	58.37	1,652	476	13,296	10,171
2023-04-27	$123.00	$125.00	23.9%	6.8%	28.9%	13.7%	24.5%	5.1%	1.4%	-128.4K	21.8M	-438.2K	0.42	28.93	636	265	14,116	10,406
2023-04-28	$122.70	$125.00	23.3%	6.7%	28.2%	11.5%	23.4%	4.3%	1.6%	-74.8K	21.7M	-438.4K	0.21	55.12	866	180	14,440	10,500