CCI Options History — December 2023

In December 2023, CCI traded between $112.00 and $118.26. ATM implied volatility averaged 24.7%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 2.8% (HV 20d: 27.5%). Max pain ranged from $100.00 to $115.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.22.

Notable Days

  • 2023-12-13: Highest Volume — 55,089 contracts
  • 2023-12-13: Largest IV drop — 16.9% change
  • 2023-12-11: Highest IV Rank — 36.0%
  • 2023-12-01: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.48$112.00$118.26$118.26$115.30
Max Pain$107.75$100.00$115.00$105.00$115.00
ATM IV24.7%21.1%29.3%25.8%21.1%
Expected Move6.5%6.0%7.4%7.4%6.0%
HV 20d27.5%18.0%31.0%30.8%18.0%
HV 60d33.4%32.0%34.4%33.8%32.1%
IV Rank15.8%0.0%36.0%20.6%0.0%
IV Percentile15.6%0.0%67.9%15.5%0.0%
Term Structure3.7%-1.8%5.0%-1.8%4.4%
VWIV23.1%20.5%25.5%25.5%21.3%
Skew 25d1.8%1.0%2.5%1.1%1.9%
Skew 10d3.7%1.8%5.6%1.8%4.9%
Call IV 25d22.4%20.4%24.6%24.6%20.4%
Put IV 25d24.1%22.4%25.8%25.7%22.4%
Bid-Ask Spread %47.476.8976.006.8957.23
Gamma HHI0.170.140.240.240.16
Net GEX4.9M2.4M7.6M7.5M4.5M
Net DEX-189.5M-292.4M-99.3M-292.4M-144.0M
Net VEX-1.0M-1.1M-915.8K-915.8K-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.034.600.250.23
Total Volume5,262.9577555,0893,832881
Total OI73,035.163,59780,72175,56870,130

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$118.26$105.0025.8%7.4%30.8%20.6%25.5%1.1%-1.8%7.5M-292.4M-915.8K0.256.893,06876443,85631,712
2023-12-04$118.07$100.0027.7%6.6%31.0%29.0%23.5%1.7%3.5%7.6M-288.5M-920.4K0.3573.554,2011,46244,27432,129
2023-12-05$118.06$100.0026.6%6.3%29.5%24.2%22.2%2.0%4.2%6.9M-279.9M-962.4K0.2873.102,37567044,14833,104
2023-12-06$117.15$100.0028.5%6.6%29.8%32.7%22.8%1.4%3.9%6.7M-269.2M-964.6K0.3662.871,96571544,96433,383
2023-12-07$117.84$100.0028.1%6.5%29.7%30.9%22.8%1.8%4.1%6.5M-269.9M-983.9K1.6974.708471,43344,82633,623
2023-12-08$116.16$100.0025.3%6.1%29.2%18.6%21.9%1.9%4.8%6.3M-244.2M-985.3K1.1166.991,8442,05344,82334,740
2023-12-11$114.31$100.0029.3%6.3%30.6%36.0%22.1%2.1%4.7%5.7M-217.6M-975.3K0.4264.591,17349545,11834,696
2023-12-12$113.83$100.0026.5%6.0%30.9%23.8%21.7%1.9%5.0%5.0M-211.5M-961.5K0.5032.091,30965845,29634,859
2023-12-13$116.45$100.0022.0%6.3%26.2%4.0%20.5%1.0%4.0%6.1M-254.4M-978.6K0.0376.0053,4711,61845,67435,047
2023-12-14$114.09$115.0023.9%6.8%27.2%12.1%24.4%2.3%3.3%2.4M-131.1M-1.0M0.3533.043,7581,31537,28135,326
2023-12-15$112.00$115.0023.9%6.8%28.5%12.2%24.9%2.5%3.4%3.0M-99.3M-1.0M2.3771.258522,02338,14935,721
2023-12-18$112.40$115.0024.0%6.9%28.4%12.7%23.5%1.9%3.1%2.8M-102.9M-1.0M0.6055.8160836534,79828,799
2023-12-19$113.91$110.0022.8%6.5%28.6%7.3%23.7%2.0%4.0%3.3M-120.4M-1.0M1.0812.541,0841,17334,90828,872
2023-12-20$115.03$110.0023.5%6.7%28.3%10.4%25.2%1.3%4.2%4.0M-142.5M-1.0M4.6025.176723,09235,68329,619
2023-12-21$114.29$110.0024.0%6.9%28.3%12.8%24.0%1.9%3.5%3.2M-128.4M-1.1M2.0531.215091,04335,85031,464
2023-12-22$114.90$115.0023.2%6.6%28.3%9.1%23.3%1.4%4.0%3.5M-132.8M-1.1M0.0834.912,42420435,92531,700
2023-12-26$115.84$115.0023.3%6.7%25.5%9.7%23.7%2.0%3.6%4.4M-152.9M-1.1M0.9912.5339038538,13131,799
2023-12-27$115.56$115.0023.0%6.6%22.4%8.3%23.0%1.6%3.6%4.5M-151.7M-1.0M3.5137.385742,01438,24231,905
2023-12-28$116.05$115.0021.7%6.2%18.3%2.5%21.5%1.8%4.5%5.0M-157.2M-1.0M3.4947.613951,37738,36631,762
2023-12-29$115.30$115.0021.1%6.0%18.0%0.0%21.3%1.9%4.4%4.5M-144.0M-1.0M0.2357.2371616538,35131,779