CCI Options History — February 2025

In February 2025, CCI traded between $88.39 and $94.10. ATM implied volatility averaged 30.5%, placing in the 56.9% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 5.2% (HV 20d: 25.3%). Max pain ranged from $90.00 to $90.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.61.

Notable Days

2025-02-18: Highest Volume — 25,617 contracts
2025-02-10: Largest IV spike — 6.6% change
2025-02-27: Highest IV Rank — 72.4%
2025-02-27: Largest Expected Move — 9.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$90.75	$88.39	$94.10	$89.13	$94.10
Max Pain	$90.00	$90.00	$90.00	$90.00	$90.00
ATM IV	30.5%	28.3%	33.2%	30.6%	32.4%
Expected Move	8.7%	8.0%	9.5%	8.8%	9.3%
HV 20d	25.3%	18.7%	30.4%	30.4%	19.2%
HV 60d	22.2%	21.2%	23.3%	23.2%	23.3%
IV Rank	56.9%	44.4%	72.4%	57.3%	67.6%
IV Percentile	88.8%	78.6%	96.8%	90.5%	95.6%
Term Structure	-2.7%	-5.3%	-1.1%	-1.3%	-3.6%
VWIV	29.8%	26.7%	32.4%	31.3%	31.6%
Skew 25d	3.2%	1.7%	4.6%	2.4%	3.0%
Skew 10d	5.3%	0.8%	8.5%	5.8%	5.0%
Call IV 25d	28.0%	25.6%	30.4%	29.5%	30.3%
Put IV 25d	31.2%	28.4%	33.9%	31.9%	33.3%
Bid-Ask Spread %	50.21	36.87	60.51	49.88	41.04
Gamma HHI	0.14	0.10	0.46	0.10	0.12
Net GEX	3.0M	-1.2M	17.5M	-197.6K	6.9M
Net DEX	-39.4M	-154.2M	31.9M	26.8M	-154.2M
Net VEX	-817.2K	-1.2M	-555.4K	-585.0K	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.07	1.97	1.46	0.29
Total Volume	3,852.895	517	25,617	1,646	3,622
Total OI	59,356.053	47,221	75,791	47,221	72,680

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
2025-02-03	$89.13	$90.00	30.6%	8.8%	30.4%	57.3%	31.3%	2.4%	-1.3%	-197.6K	26.8M	-585.0K	1.46	49.88	670	976	27,234	19,987
2025-02-04	$88.66	$90.00	30.8%	8.8%	30.3%	58.2%	30.5%	3.2%	-1.4%	-586.5K	31.9M	-572.8K	1.17	46.18	238	279	27,401	20,502
2025-02-05	$89.82	$90.00	30.2%	8.7%	30.0%	55.0%	30.3%	3.3%	-2.2%	-54.9K	22.0M	-586.9K	0.39	50.23	1,023	395	27,514	20,468
2025-02-06	$89.99	$90.00	29.1%	8.0%	29.6%	48.6%	27.7%	3.4%	-1.1%	109.3K	18.9M	-585.2K	0.70	59.22	495	348	27,862	20,753
2025-02-07	$89.41	$90.00	28.3%	8.0%	29.7%	44.4%	27.8%	3.6%	-1.2%	-277.9K	25.9M	-579.5K	0.84	54.21	358	300	28,052	20,882
2025-02-10	$89.60	$90.00	30.2%	8.1%	27.5%	55.2%	27.6%	3.3%	-1.2%	-212.5K	23.7M	-555.4K	1.14	58.35	573	654	28,162	21,042
2025-02-11	$91.17	$90.00	29.6%	8.2%	27.9%	51.6%	28.3%	1.7%	-2.1%	469.7K	10.8M	-590.5K	1.97	55.24	1,047	2,059	28,314	21,500
2025-02-12	$89.98	$90.00	28.8%	8.3%	27.9%	47.3%	28.5%	3.4%	-1.8%	12.7K	19.7M	-566.9K	0.15	58.20	2,208	324	28,710	21,095
2025-02-13	$90.03	$90.00	28.7%	8.2%	27.8%	46.2%	26.7%	3.0%	-1.5%	125.9K	16.0M	-601.6K	0.13	43.71	2,602	337	29,724	21,324
2025-02-14	$88.39	$90.00	29.4%	8.4%	23.7%	50.5%	28.8%	2.9%	-1.9%	-1.2M	31.5M	-572.4K	0.87	60.51	659	575	31,950	21,402
2025-02-18	$89.47	$90.00	30.2%	8.7%	24.0%	55.3%	30.1%	2.9%	-2.9%	-272.8K	20.8M	-582.6K	0.07	48.79	24,049	1,568	32,168	21,808
2025-02-19	$89.41	$90.00	29.8%	8.5%	23.9%	52.7%	29.4%	3.1%	-3.0%	2.6M	-64.2M	-990.8K	0.10	53.99	3,135	326	50,055	21,814
2025-02-20	$91.25	$90.00	30.8%	8.8%	23.3%	58.8%	30.4%	3.0%	-5.3%	6.3M	-107.8M	-1.1M	0.45	52.53	2,295	1,025	52,107	21,904
2025-02-21	$92.34	$90.00	30.9%	8.9%	23.6%	59.3%	31.9%	3.9%	-2.7%	17.5M	-127.9M	-1.1M	0.46	40.84	6,477	2,978	53,361	22,430
2025-02-24	$92.59	$90.00	31.7%	9.1%	23.6%	63.8%	29.9%	4.6%	-4.4%	6.2M	-133.4M	-1.2M	0.20	40.28	4,177	828	52,004	18,112
2025-02-25	$93.65	$90.00	32.0%	9.2%	19.8%	65.4%	32.4%	2.5%	-4.5%	6.7M	-149.6M	-1.2M	0.42	50.16	2,663	1,131	52,851	18,559
2025-02-26	$91.56	$90.00	33.0%	9.5%	18.7%	71.2%	31.6%	3.7%	-4.2%	5.8M	-113.0M	-1.2M	0.44	53.85	1,311	582	52,692	18,888
2025-02-27	$93.62	$90.00	33.2%	9.5%	19.2%	72.4%	32.4%	3.5%	-4.5%	6.7M	-146.1M	-1.2M	0.34	36.87	687	231	53,256	19,198
2025-02-28	$94.10	$90.00	32.4%	9.3%	19.2%	67.6%	31.6%	3.0%	-3.6%	6.9M	-154.2M	-1.2M	0.29	41.04	2,809	813	53,551	19,129