CCI Options History — July 2023

In July 2023, CCI traded between $107.09 and $117.80. ATM implied volatility averaged 27.2%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 0.3% (HV 20d: 27.4%). Max pain ranged from $110.00 to $115.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-07-20: Highest Volume — 10,780 contracts
  • 2023-07-12: Largest IV drop — 15.8% change
  • 2023-07-11: Highest IV Rank — 46.2%
  • 2023-07-17: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$112.75$107.09$117.80$115.45$108.10
Max Pain$113.50$110.00$115.00$115.00$110.00
ATM IV27.2%23.2%31.6%26.0%23.9%
Expected Move7.6%6.7%8.6%7.4%6.9%
HV 20d27.4%20.3%35.8%20.3%35.8%
HV 60d25.2%22.9%27.2%24.3%26.5%
IV Rank27.5%11.1%46.2%22.5%13.9%
IV Percentile30.5%3.2%73.8%15.1%6.3%
Term Structure0.1%-2.4%2.0%-0.6%1.9%
VWIV26.2%23.5%29.5%26.8%24.4%
Skew 25d3.6%2.0%4.8%3.0%2.0%
Skew 10d7.1%3.6%9.9%5.9%3.6%
Call IV 25d24.9%22.7%27.8%24.3%24.2%
Put IV 25d28.6%25.1%32.3%27.3%26.2%
Bid-Ask Spread %51.946.6070.2659.2626.27
Gamma HHI0.210.150.260.210.18
Net GEX1.2M-2.3M2.5M1.1M1.1M
Net DEX442.3K-33.2M56.6M-10.2M13.1M
Net VEX-535.7K-579.0K-450.7K-558.1K-522.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.111.770.860.41
Total Volume2,569.9573710,7809041,323
Total OI37,753.0531,41843,90537,07236,229

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$115.45$115.0026.0%7.4%20.3%22.5%26.8%3.0%-0.6%1.1M-10.2M-558.1K0.8659.2648641821,80715,265
2023-07-05$117.80$115.0025.3%7.2%21.2%19.5%26.9%3.2%-0.9%2.3M-33.2M-568.3K0.7556.651,6051,20121,97115,375
2023-07-06$116.90$115.0029.0%7.6%21.4%35.2%25.0%4.6%-0.2%1.8M-23.2M-579.0K0.5864.8378345422,37415,608
2023-07-07$115.57$115.0028.6%7.4%21.3%33.4%25.0%4.1%-0.1%1.4M-12.2M-571.2K0.7669.5550838522,75115,630
2023-07-10$115.33$115.0031.3%7.9%21.2%44.9%27.2%4.6%-0.5%1.2M-9.1M-560.3K0.7765.5052840622,90615,729
2023-07-11$115.46$115.0031.6%7.8%20.6%46.2%26.9%4.8%-0.3%1.4M-10.4M-556.1K0.8162.9740832923,06215,827
2023-07-12$116.85$115.0026.6%7.6%20.8%25.2%26.1%4.5%-0.2%2.3M-25.8M-558.8K1.7767.318971,58923,18815,827
2023-07-13$115.27$115.0026.7%7.6%21.4%25.4%26.1%4.5%-1.1%2.0M-12.4M-542.2K0.5569.0168437723,27215,127
2023-07-14$115.69$115.0026.0%7.4%21.3%22.5%25.4%3.8%-0.8%2.2M-17.3M-553.0K0.3168.2377124123,64215,223
2023-07-17$110.38$115.0029.9%8.6%26.0%39.1%29.5%4.4%-2.4%-729.0K30.3M-488.7K0.5567.803,0181,65624,05615,312
2023-07-18$110.36$115.0028.8%8.3%25.4%34.6%27.9%4.3%-1.6%-745.6K28.4M-497.6K0.4870.262,0821,00824,78015,750
2023-07-19$113.75$115.0028.4%8.2%26.8%32.8%28.6%3.8%-2.0%1.3M-3.8M-528.9K0.5464.462,9871,61824,84915,815
2023-07-20$107.26$115.0028.9%8.3%34.1%35.0%28.3%4.5%1.0%-2.3M56.6M-450.7K1.4927.524,3326,44825,92516,121
2023-07-21$107.09$115.0026.9%7.7%33.2%26.5%26.5%3.1%1.4%480.3K45.6M-472.0K0.7935.912,3351,84727,74216,163
2023-07-24$110.94$110.0026.8%7.7%35.6%25.8%26.2%3.0%1.0%1.6M-265.3K-530.0K0.2152.122,93962319,40312,015
2023-07-25$110.82$110.0025.9%7.4%35.4%22.2%25.5%2.9%1.5%2.0M-2.2M-542.7K0.486.6085141120,68112,502
2023-07-26$112.19$110.0025.5%7.3%35.6%20.6%24.7%2.7%1.7%2.5M-11.0M-558.4K0.4951.461,26661520,90612,712
2023-07-27$110.65$110.0024.0%6.9%35.4%14.4%23.8%2.7%1.8%1.9M788.0K-530.9K0.1123.552,56128821,00112,744
2023-07-28$109.05$110.0023.2%6.7%35.7%11.1%23.5%2.4%2.0%1.7M5.2M-545.3K0.7929.6362649522,93112,840
2023-07-31$108.10$110.0023.9%6.9%35.8%13.9%24.4%2.0%1.9%1.1M13.1M-522.0K0.4126.2794038323,10713,122