CEG Options History — July 2008

In July 2008, CEG traded between $76.93 and $83.16. ATM implied volatility averaged 38.8%, placing in the 82.1% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 12.6% (HV 20d: 26.2%). Max pain ranged from $80.00 to $90.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.97.

Notable Days

  • 2008-07-18: Highest Volume — 3,025 contracts
  • 2008-07-31: Largest IV drop — 27.4% change
  • 2008-07-24: Highest IV Rank — 100.0%
  • 2008-07-30: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.20$76.93$83.16$82.57$83.16
Max Pain$82.73$80.00$90.00$90.00$80.00
ATM IV38.8%32.2%49.4%32.2%35.8%
Expected Move11.0%9.2%14.2%9.2%10.3%
HV 20d26.2%17.7%36.2%25.3%36.2%
HV 60d25.7%23.3%28.4%24.7%27.1%
IV Rank82.1%55.9%100.0%56.7%55.9%
IV Percentile92.7%76.6%100.0%76.6%84.1%
Term Structure-3.5%-11.6%0.9%0.9%-3.2%
VWIV38.4%32.9%48.9%32.9%36.1%
Skew 25d4.3%2.1%9.3%3.3%3.4%
Skew 10d8.1%1.3%21.9%6.8%6.6%
Call IV 25d36.8%32.4%45.2%32.4%35.3%
Put IV 25d41.1%35.7%54.5%35.7%38.7%
Bid-Ask Spread %21.9012.2132.7320.2128.84
Gamma HHI0.250.210.300.300.23
Net GEX3.1M1.7M5.5M3.2M5.5M
Net DEX-21.6M-64.1M14.0M-43.5M-64.1M
Net VEX-853.7K-1.0M-689.1K-1.0M-923.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.107.430.260.35
Total Volume1,119.8181263,0259612,886
Total OI66,297.564,12871,16166,65866,016

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$82.57$90.0032.2%9.2%25.3%56.7%32.9%3.3%0.9%3.2M-43.5M-1.0M0.2620.21N/AN/A76020149,35517,303
2008-07-02$82.97$90.0033.0%9.5%23.1%60.2%34.1%2.8%-0.3%3.4M-48.9M-1.0M0.8121.00N/AN/A816650,02817,348
2008-07-03$82.02$90.0035.6%10.2%22.7%70.9%33.7%2.1%-1.2%3.0M-39.0M-988.7K0.2525.52N/AN/A1012548,90017,248
2008-07-07$80.48$85.0039.1%10.3%20.0%85.8%36.1%3.3%-0.5%2.5M-20.9M-908.8K1.2628.88N/AN/A31339348,91417,251
2008-07-08$80.98$85.0038.6%10.1%19.4%83.8%35.6%3.9%-1.0%2.6M-19.9M-886.7K0.4914.62N/AN/A91144848,98817,047
2008-07-09$80.23$85.0037.7%10.1%18.8%79.9%37.4%3.9%-1.1%2.4M-11.6M-888.2K2.2329.12N/AN/A24053449,26617,426
2008-07-10$80.28$85.0034.6%9.9%18.7%67.0%0.0%3.7%0.1%2.2M-8.5M-879.2K0.5031.64N/AN/A1417049,17117,626
2008-07-11$79.53$85.0034.9%10.0%18.0%68.3%35.6%4.1%-0.1%2.0M-3.0M-829.8K2.2928.27N/AN/A22451349,23917,661
2008-07-14$78.57$85.0036.6%10.5%17.7%75.3%36.8%2.2%-1.9%1.8M6.5M-806.4K0.2326.02N/AN/A1,11025549,34517,784
2008-07-15$80.87$80.0038.2%11.0%21.3%81.9%38.1%6.8%-3.2%2.4M-18.0M-876.8K0.9223.25N/AN/A1,1801,08650,08817,585
2008-07-16$80.03$80.0037.4%10.7%21.4%78.5%38.3%4.7%-2.8%2.2M-8.5M-832.1K0.7815.15N/AN/A64750451,05618,014
2008-07-17$77.68$80.0038.4%11.0%22.6%82.8%38.1%4.5%-3.8%1.7M14.0M-747.9K0.1920.69N/AN/A2,52447251,14418,048
2008-07-18$82.32$80.0039.1%11.2%31.5%85.5%38.2%4.9%-4.7%4.6M-45.6M-917.1K0.7216.27N/AN/A1,7631,26252,93118,230
2008-07-21$81.57$80.0041.3%11.8%31.1%95.0%40.2%5.6%-5.4%4.5M-49.1M-911.6K0.1312.21N/AN/A86711449,03215,096
2008-07-22$80.80$80.0041.1%11.8%31.1%94.1%40.5%4.2%-5.9%4.2M-40.4M-868.3K0.1015.15N/AN/A7937949,67515,116
2008-07-23$78.21$80.0041.0%11.7%32.9%93.5%40.8%4.7%-5.7%3.1M-11.1M-763.5K0.4827.76N/AN/A28713749,35715,104
2008-07-24$77.40$80.0042.8%12.3%33.0%100.0%40.6%5.1%-5.6%2.8M-3.6M-707.9K0.5414.46N/AN/A1407649,16715,123
2008-07-25$76.93$80.0042.7%12.3%31.8%99.9%40.8%3.3%-6.1%2.6M2.1M-689.1K7.4315.17N/AN/A2317149,22715,106
2008-07-28$78.07$80.0042.1%12.1%32.4%97.4%43.7%4.9%-6.6%3.0M-7.6M-734.9K0.2413.35N/AN/A2065049,23615,137
2008-07-29$78.11$80.0041.4%11.9%31.7%94.4%41.1%4.2%-6.5%3.0M-5.3M-696.4K0.2221.43N/AN/A4028949,27615,116
2008-07-30$81.57$80.0049.4%14.2%35.6%100.0%48.9%9.3%-11.6%4.5M-48.6M-874.2K0.9132.73N/AN/A1,3041,18849,59015,175
2008-07-31$83.16$80.0035.8%10.3%36.2%55.9%36.1%3.4%-3.2%5.5M-64.1M-923.9K0.3528.84N/AN/A2,14574150,03815,978