CEG Options History — October 2008

In October 2008, CEG traded between $22.92 and $28.62. ATM implied volatility averaged 57.5%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded below realized volatility by 72.2% (HV 20d: 129.7%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 8.12.

Notable Days

  • 2008-10-07: Highest Volume — 88,703 contracts
  • 2008-10-23: Largest IV spike — 55.8% change
  • 2008-10-10: Highest IV Rank — 40.5%
  • 2008-10-01: Largest Expected Move — 26.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.76$22.92$28.62$23.75$24.21
Max Pain$25.65$25.00$30.00$30.00$25.00
ATM IV57.5%22.4%112.9%93.2%30.4%
Expected Move14.2%6.4%26.7%26.7%8.7%
HV 20d129.7%60.0%199.5%185.4%60.0%
HV 60d127.6%121.7%129.1%121.7%127.9%
IV Rank16.7%1.6%40.5%32.0%5.0%
IV Percentile71.3%2.4%98.4%97.6%37.7%
Term Structure-2.4%-18.3%10.2%-18.3%3.9%
VWIV50.7%23.0%81.6%80.0%30.8%
Skew 25d13.9%4.1%40.9%40.9%8.9%
Skew 10d27.1%7.9%71.7%71.7%19.7%
Call IV 25d48.7%28.2%73.9%73.9%30.5%
Put IV 25d62.6%37.6%114.8%114.8%39.4%
Bid-Ask Spread %50.8230.4680.1235.0662.57
Gamma HHI0.360.240.500.240.43
Net GEX742.0K244.5K1.3M244.5K1.1M
Net DEX45.5M33.9M62.1M62.1M37.7M
Net VEX-185.1K-227.4K-126.8K-160.8K-207.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.120.1488.966.200.96
Total Volume8,766.78331488,7039,898314
Total OI129,358.39194,231160,505143,550108,706

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$23.75$30.0093.2%26.7%185.4%32.0%80.0%40.9%-18.3%244.5K62.1M-160.8K6.2035.06N/AN/A1,3758,52394,06149,489
2008-10-02$27.23$30.0076.9%22.0%196.7%25.0%73.4%9.5%-14.3%755.3K40.5M-225.7K0.1447.12N/AN/A4,31060494,85149,548
2008-10-03$28.62$30.0067.8%19.4%199.5%21.1%81.6%18.1%-8.6%971.4K36.0M-216.3K0.1730.65N/AN/A4,92686097,24449,308
2008-10-06$26.83$25.0083.2%18.9%198.8%27.7%69.3%15.4%-6.2%760.6K39.8M-219.6K0.7346.87N/AN/A2,8332,06598,40248,702
2008-10-07$26.00$25.0085.1%18.5%198.7%28.5%66.3%10.1%-7.8%594.5K51.7M-165.7K88.9650.31N/AN/A98687,71798,02149,842
2008-10-08$25.49$25.0077.8%17.9%198.6%25.4%66.2%14.1%-7.3%660.9K47.7M-189.1K12.3951.48N/AN/A6187,65498,62549,294
2008-10-09$23.52$25.0092.3%21.3%198.9%31.6%71.4%10.8%-15.6%411.6K50.7M-170.7K0.1750.57N/AN/A1,12818898,74549,198
2008-10-10$23.86$25.00112.9%20.3%199.1%40.5%74.5%23.4%-9.0%391.5K53.4M-166.6K0.9780.12N/AN/A67365599,54349,033
2008-10-13$25.95$25.0073.9%16.3%195.7%23.7%69.1%13.4%-2.2%656.8K43.6M-197.7K0.3757.41N/AN/A1,09440999,63249,076
2008-10-14$25.62$25.0071.5%16.8%119.8%22.7%60.6%6.1%-2.6%898.6K42.7M-173.6K68.6556.38N/AN/A44230,345100,47448,375
2008-10-15$24.05$25.0082.0%12.3%94.2%27.2%44.3%21.1%5.6%455.1K61.1M-126.8K0.5168.94N/AN/A9,3324,777100,40448,319
2008-10-16$24.33$25.0042.1%12.1%94.0%10.1%44.0%25.4%3.1%803.7K57.4M-146.7K1.0038.93N/AN/A3,6273,633105,48850,008
2008-10-17$24.06$25.0035.9%10.3%91.1%7.4%40.9%9.9%10.2%720.2K50.3M-210.8K0.7857.09N/AN/A1,198940107,54452,961
2008-10-20$24.90$25.0027.9%8.0%89.7%4.0%29.2%4.4%-3.7%751.4K40.8M-148.6K0.2064.94N/AN/A2,31546760,76933,462
2008-10-21$24.83$25.0022.4%6.4%88.6%1.6%23.0%12.0%8.0%1.1M39.7M-163.8K2.0530.46N/AN/A2,0074,11462,87333,830
2008-10-22$24.44$25.0025.8%7.4%88.7%3.1%26.8%4.1%3.1%906.2K40.7M-197.6K0.1534.80N/AN/A2,49737664,57937,761
2008-10-23$23.75$25.0040.3%11.5%89.1%9.3%31.6%10.3%-2.7%688.6K45.1M-169.5K0.3035.27N/AN/A1,36940966,16437,952
2008-10-24$23.20$25.0042.6%12.2%88.9%10.3%39.9%15.8%2.3%660.8K45.7M-187.1K0.3456.66N/AN/A72924966,84738,212
2008-10-27$22.92$25.0039.9%11.4%82.5%9.1%43.8%11.4%2.6%521.8K45.3M-186.9K0.2953.94N/AN/A1,69349167,27138,417
2008-10-28$23.29$25.0041.6%11.9%80.2%9.9%36.6%6.0%-1.2%635.0K34.3M-227.4K0.9531.87N/AN/A56353368,07638,676
2008-10-29$24.24$25.0028.8%8.3%81.2%4.4%30.4%15.8%3.8%1.1M45.7M-179.3K0.1561.92N/AN/A86213368,73038,788
2008-10-30$24.34$25.0028.5%8.2%63.5%4.2%32.8%12.8%1.9%1.3M33.9M-218.6K0.3365.49N/AN/A1,20939469,08538,858
2008-10-31$24.21$25.0030.4%8.7%60.0%5.0%30.8%8.9%3.9%1.1M37.7M-207.4K0.9662.57N/AN/A16015469,79138,915