CCI Options History — May 2024

In May 2024, CCI traded between $95.77 and $104.02. ATM implied volatility averaged 24.4%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 3.7% (HV 20d: 20.6%). Max pain ranged from $95.00 to $97.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.34.

Notable Days

  • 2024-05-17: Highest Volume — 7,041 contracts
  • 2024-05-13: Largest IV spike — 28.4% change
  • 2024-05-14: Highest IV Rank — 36.9%
  • 2024-05-29: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$99.32$95.77$104.02$95.77$102.23
Max Pain$95.57$95.00$97.50$95.00$97.50
ATM IV24.4%21.3%27.5%25.7%26.1%
Expected Move7.0%6.4%7.6%7.4%7.5%
HV 20d20.6%17.3%22.7%21.1%22.7%
HV 60d22.3%21.0%23.1%22.9%22.0%
IV Rank18.8%1.1%36.9%26.2%28.4%
IV Percentile19.4%0.8%53.2%26.2%38.9%
Term Structure0.1%-1.1%2.3%1.5%-1.1%
VWIV24.4%22.4%27.1%25.6%24.7%
Skew 25d2.6%1.7%3.6%1.9%2.9%
Skew 10d4.1%2.3%5.8%4.0%3.6%
Call IV 25d22.6%20.9%25.2%25.2%23.2%
Put IV 25d25.2%23.3%27.1%27.1%26.1%
Bid-Ask Spread %68.5361.7475.3363.6062.84
Gamma HHI0.200.120.580.130.22
Net GEX3.7M1.0M11.8M1.4M4.9M
Net DEX-50.6M-121.6M3.7M-2.6M-96.5M
Net VEX-889.0K-1.0M-831.9K-847.9K-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.0813.670.350.56
Total Volume2,242.4553987,0411,216924
Total OI64,440.59160,35268,42660,68168,426

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$95.77$95.0025.7%7.4%21.1%26.2%25.6%1.9%1.5%1.4M-2.6M-847.9K0.3563.6090231437,54423,137
2024-05-02$96.06$95.0025.3%7.3%20.9%24.3%24.8%1.7%1.4%1.7M-9.8M-868.3K0.5962.5251830437,83423,217
2024-05-03$97.37$95.0022.6%6.5%21.7%8.4%22.9%1.9%2.3%2.3M-22.3M-853.6K1.1967.511,7742,10737,99523,272
2024-05-06$95.83$95.0024.7%7.4%22.2%20.8%24.1%3.3%-0.6%1.2M3.3M-842.6K0.5471.911,15261738,46424,781
2024-05-07$95.85$95.0023.6%7.2%21.3%14.2%24.4%3.5%-0.2%1.0M3.7M-842.0K1.0172.5939840338,55825,193
2024-05-08$97.26$95.0023.8%7.2%17.3%15.8%25.8%2.9%-0.3%1.9M-17.4M-866.9K1.0968.2238642138,65725,344
2024-05-09$99.89$95.0022.4%7.0%19.8%7.3%23.5%3.6%0.2%3.6M-55.2M-872.1K0.4068.131,98179838,77325,415
2024-05-10$99.53$95.0021.3%6.7%19.4%1.1%23.5%3.0%0.1%3.8M-50.9M-870.0K0.6273.9148029839,77125,615
2024-05-13$100.09$95.0027.3%7.0%18.8%35.6%24.4%3.4%0.1%4.2M-61.0M-868.4K0.1972.771,65431939,94425,611
2024-05-14$101.00$95.0027.5%7.0%17.7%36.9%23.6%3.5%0.0%5.1M-76.2M-860.3K0.6771.5952535140,90525,622
2024-05-15$103.76$95.0022.7%6.5%19.2%9.4%25.0%2.4%0.6%9.3M-121.4M-850.4K2.8661.741,4204,05641,06025,628
2024-05-16$104.02$95.0022.5%6.4%19.1%7.9%22.9%2.2%0.7%11.8M-121.6M-834.6K0.3172.392,05464240,56425,209
2024-05-17$102.50$95.0023.3%6.7%20.3%12.9%22.4%2.5%-0.2%3.2M-96.5M-831.9K0.0872.696,53350840,96225,131
2024-05-20$100.55$95.0023.3%6.7%21.8%12.8%22.7%2.5%-0.4%3.6M-63.6M-883.4K0.4262.611,40358738,37121,981
2024-05-21$100.81$95.0023.5%6.7%21.8%13.8%24.4%2.9%0.1%3.8M-67.5M-898.5K0.3966.181,24148639,19322,145
2024-05-22$100.00$95.0023.4%6.7%22.0%13.2%23.6%1.9%0.1%3.8M-60.3M-907.2K0.2770.502,76775440,27422,399
2024-05-23$99.00$95.0024.2%6.9%21.9%17.7%24.7%2.1%0.1%3.2M-45.6M-920.9K0.9975.3370770041,64022,988
2024-05-24$98.16$97.5024.6%7.1%22.1%20.2%24.5%2.4%-0.6%2.5M-31.3M-888.2K0.1772.383,82364439,84723,487
2024-05-28$97.94$97.5026.3%7.5%21.4%29.5%26.5%2.4%-1.1%2.6M-33.6M-976.3K13.6768.452092,85842,78723,764
2024-05-29$98.05$97.5026.4%7.6%20.8%30.2%27.1%2.6%-0.9%2.6M-34.3M-982.1K1.8463.4432359542,87924,954
2024-05-30$99.27$97.5025.8%7.4%20.5%27.0%26.5%2.1%0.2%3.2M-53.6M-987.8K1.1966.3618221642,96325,389
2024-05-31$102.23$97.5026.1%7.5%22.7%28.4%24.7%2.9%-1.1%4.9M-96.5M-1.0M0.5662.8459133342,98425,442