CEG Options History — March 2009

In March 2009, CEG traded between $15.50 and $21.20. ATM implied volatility averaged 89.7%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 25.5%. IV traded above realized volatility by 25.8% (HV 20d: 64.0%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.50.

Notable Days

  • 2009-03-03: Highest Volume — 6,852 contracts
  • 2009-03-05: Largest IV spike — 18.4% change
  • 2009-03-11: Highest IV Rank — 38.1%
  • 2009-03-05: Largest Expected Move — 31.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.31$15.50$21.20$18.02$20.66
Max Pain$22.05$20.00$22.50$20.00$22.50
ATM IV89.7%76.8%109.7%88.5%77.5%
Expected Move25.5%22.0%31.2%25.4%22.2%
HV 20d64.0%50.5%72.8%50.5%57.6%
HV 60d57.6%47.5%66.2%65.2%52.4%
IV Rank29.4%23.8%38.1%28.9%24.0%
IV Percentile92.5%86.1%98.0%96.0%86.1%
Term Structure-8.4%-21.6%3.9%0.1%-0.8%
VWIV86.2%72.7%103.0%79.4%72.9%
Skew 25d13.7%2.2%17.9%10.2%14.8%
Skew 10d24.6%-2.8%45.9%7.3%19.1%
Call IV 25d82.2%67.6%100.1%78.4%69.5%
Put IV 25d96.0%80.2%111.4%88.6%84.3%
Bid-Ask Spread %19.3013.7431.5918.7213.74
Gamma HHI0.340.240.450.350.45
Net GEX-293.4K-470.3K-181.5K-224.9K-470.3K
Net DEX21.8M7.1M31.7M26.5M10.4M
Net VEX-141.6K-167.1K-112.4K-141.5K-154.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.1411.595.450.20
Total Volume1,598.3182666,8523,9711,671
Total OI64,862.40959,47671,58563,58061,108

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$18.02$20.0088.5%25.4%50.5%28.9%79.4%10.2%0.1%-224.9K26.5M-141.5K5.4518.72N/AN/A6163,35531,61731,963
2009-03-03$16.59$20.0088.5%25.4%54.3%28.8%84.0%5.8%3.9%-181.5K27.9M-125.2K1.3331.59N/AN/A2,9423,91032,06332,524
2009-03-04$16.89$20.0091.8%26.3%56.3%30.3%73.5%16.2%1.6%-202.0K27.7M-126.6K11.5922.01N/AN/A1762,03932,13332,457
2009-03-05$16.03$20.00108.7%31.2%55.3%37.7%95.0%2.2%-17.1%-188.3K29.2M-118.8K2.3923.60N/AN/A27766232,25533,274
2009-03-06$15.50$22.50101.1%27.6%53.7%34.4%93.4%11.8%-12.7%-192.9K31.7M-112.4K0.8218.56N/AN/A50641632,40633,703
2009-03-09$15.60$22.50108.7%29.2%53.7%37.7%103.0%17.6%-13.6%-196.2K30.8M-112.6K0.7419.98N/AN/A43232032,75633,546
2009-03-10$16.06$22.50109.4%30.1%57.3%38.0%86.7%17.1%-20.2%-210.8K30.2M-118.0K0.2619.17N/AN/A46512032,88333,751
2009-03-11$16.25$22.50109.7%30.2%58.6%38.1%94.7%17.1%-21.6%-235.1K29.6M-120.6K0.3719.79N/AN/A31511632,27233,593
2009-03-12$17.01$22.5094.7%27.1%63.3%31.5%94.6%17.0%-16.3%-264.8K28.8M-128.6K0.1420.60N/AN/A6238632,48433,634
2009-03-13$18.05$22.5092.5%26.5%69.0%30.6%91.2%15.1%-12.0%-266.8K25.8M-140.4K0.3719.68N/AN/A74227332,94733,614
2009-03-16$18.03$22.5093.6%26.8%69.1%31.1%89.1%16.9%-15.0%-274.2K24.7M-141.6K0.3219.62N/AN/A1,61451733,44233,710
2009-03-17$17.48$22.5084.3%24.2%69.0%27.0%84.7%15.9%-9.8%-289.2K28.4M-131.0K0.7814.89N/AN/A1,7371,35434,22933,885
2009-03-18$18.86$22.5085.6%24.5%71.4%27.6%92.8%17.9%-16.2%-286.2K23.0M-149.8K0.2820.86N/AN/A1,16832535,00634,588
2009-03-19$19.63$22.5082.6%23.7%72.7%26.3%99.8%15.7%-12.1%-210.0K18.5M-158.8K1.3716.12N/AN/A8231,12935,44534,834
2009-03-20$19.42$22.5079.4%22.8%70.5%24.9%80.4%14.4%-9.0%-238.6K19.4M-160.5K0.5819.24N/AN/A49228335,87335,712
2009-03-23$20.50$22.5083.1%23.8%71.9%26.5%80.1%12.8%-3.8%-392.3K11.5M-165.5K0.5017.80N/AN/A1,41971126,16333,313
2009-03-24$20.21$22.5080.9%23.2%71.2%25.5%87.5%11.2%-2.5%-407.3K12.3M-161.7K1.9915.37N/AN/A29859226,89833,313
2009-03-25$20.39$22.5079.7%22.9%71.1%25.0%75.4%12.3%-3.5%-419.1K11.6M-164.3K0.2117.61N/AN/A1,10823427,05933,250
2009-03-26$21.20$22.5077.7%22.3%72.3%24.2%72.7%12.6%-0.9%-422.5K7.1M-167.1K1.3817.94N/AN/A26236127,69433,420
2009-03-27$20.62$22.5076.8%22.0%72.8%23.8%79.0%13.2%-0.6%-432.9K9.6M-162.2K0.3118.31N/AN/A3129627,74033,383
2009-03-30$19.90$22.5079.2%22.7%65.5%24.8%85.7%14.5%-2.7%-448.5K14.1M-153.2K1.6119.42N/AN/A10216427,66133,372
2009-03-31$20.66$22.5077.5%22.2%57.6%24.0%72.9%14.8%-0.8%-470.3K10.4M-154.0K0.2013.74N/AN/A1,39227927,67333,435