CCI Options History — May 2023

In May 2023, CCI traded between $111.31 and $121.71. ATM implied volatility averaged 29.2%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 2.1% (HV 20d: 27.1%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.06.

Notable Days

  • 2023-05-16: Highest Volume — 4,063 contracts
  • 2023-05-05: Largest IV drop — 17.1% change
  • 2023-05-30: Highest IV Rank — 57.1%
  • 2023-05-30: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.32$111.31$121.71$121.71$113.06
Max Pain$117.95$115.00$125.00$125.00$115.00
ATM IV29.2%24.7%34.2%26.1%31.9%
Expected Move8.5%7.5%9.8%7.5%9.2%
HV 20d27.1%22.5%31.0%28.1%22.5%
HV 60d26.7%26.1%27.3%27.1%26.9%
IV Rank35.9%17.2%57.1%23.2%47.4%
IV Percentile45.4%7.9%86.5%13.9%73.8%
Term Structure-1.3%-4.2%1.9%1.3%-1.9%
VWIV28.8%24.8%32.3%24.8%30.9%
Skew 25d6.1%4.7%7.1%4.7%6.8%
Skew 10d10.6%7.7%12.7%7.7%10.3%
Call IV 25d26.1%23.5%29.6%23.5%28.8%
Put IV 25d32.3%28.2%35.6%28.2%35.6%
Bid-Ask Spread %30.9312.0867.0120.2313.95
Gamma HHI0.210.140.270.140.20
Net GEX-1.7M-3.0M-244.2K-244.2K-1.6M
Net DEX46.8M26.5M64.7M26.5M46.1M
Net VEX-425.1K-462.5K-400.0K-424.6K-422.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.184.752.921.00
Total Volume1,351.4556184,063984790
Total OI29,634.81825,54933,06125,54930,323

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$121.71$125.0026.1%7.5%28.1%23.2%24.8%4.7%1.3%-244.2K26.5M-424.6K2.9220.2325173314,93810,611
2023-05-02$118.26$125.0026.5%7.6%29.4%24.6%26.4%5.1%1.5%-958.7K41.7M-400.0K4.7534.923751,78115,06211,095
2023-05-03$117.87$125.0026.2%7.5%28.8%23.5%26.3%5.3%1.9%-1.5M47.1M-418.3K0.7567.0136727715,26412,657
2023-05-04$117.25$120.0029.8%8.8%28.4%38.5%29.8%6.4%-2.2%-1.7M49.9M-414.1K0.8420.1265254815,30712,791
2023-05-05$118.75$120.0024.7%8.1%29.1%17.2%28.1%6.6%-0.3%-1.4M40.5M-436.0K0.1839.342,07737915,67312,813
2023-05-08$116.50$120.0028.2%8.7%29.4%31.9%28.0%7.1%-1.8%-2.1M50.3M-417.4K0.4114.8879632515,66513,024
2023-05-09$117.11$120.0029.4%8.7%29.3%36.8%30.0%6.4%-1.9%-1.8M44.7M-435.7K0.7413.7757042316,19513,180
2023-05-10$119.30$120.0028.7%8.2%30.6%33.9%28.2%6.5%-1.2%-1.3M33.1M-462.5K0.3619.4590732816,42413,499
2023-05-11$116.66$120.0030.6%8.8%31.0%42.0%29.7%6.3%-1.9%-1.9M44.9M-454.3K0.3914.6162024016,99113,592
2023-05-12$116.53$120.0030.4%8.7%28.8%41.1%29.8%6.8%-1.7%-1.9M44.4M-459.1K0.3252.2968922317,29713,727
2023-05-15$113.65$115.0029.7%8.5%28.2%38.2%29.4%7.0%-1.0%-2.5M60.0M-425.8K0.3816.481,84069217,51513,839
2023-05-16$112.13$115.0031.1%8.9%27.9%43.8%29.3%6.3%-2.4%-2.6M64.7M-413.6K2.4516.051,1772,88618,29413,941
2023-05-17$113.84$115.0027.7%7.9%28.6%29.7%28.7%5.9%-1.1%-3.0M52.9M-425.9K0.7546.2165749618,56914,207
2023-05-18$113.92$115.0027.4%7.9%23.5%28.6%26.8%6.4%-0.5%-2.8M51.9M-420.3K0.7312.0841430318,61614,300
2023-05-19$112.96$115.0026.9%7.7%23.5%26.5%28.3%5.8%0.1%-1.5M57.4M-407.5K2.6018.4529075318,73014,331
2023-05-22$115.46$115.0027.9%8.0%25.3%30.5%25.8%5.9%-2.0%-1.2M36.3M-427.7K0.2056.681,51230014,77112,508
2023-05-23$113.66$115.0028.7%8.2%25.2%33.8%27.1%5.7%-1.6%-1.2M41.7M-423.6K0.3332.9266221815,86512,601
2023-05-24$111.31$115.0032.2%9.2%25.4%48.4%31.2%6.0%-3.3%-1.4M52.4M-406.1K1.0030.7330930916,19112,716
2023-05-25$112.65$115.0030.8%8.8%24.1%42.6%31.3%6.6%-1.8%-1.3M46.6M-423.8K0.6552.5448231516,25612,991
2023-05-26$112.11$115.0032.6%9.4%24.1%50.4%32.0%5.8%-3.5%-1.4M49.3M-419.5K0.5758.1756632416,43813,174
2023-05-30$112.38$115.0034.2%9.8%24.1%57.1%32.3%5.7%-4.2%-1.5M47.6M-413.2K1.0029.5194093616,61913,366
2023-05-31$113.06$115.0031.9%9.2%22.5%47.4%30.9%6.8%-1.9%-1.6M46.1M-422.8K1.0013.9539539516,56713,756