CEG Options History — May 2009

In May 2009, CEG traded between $24.51 and $27.28. ATM implied volatility averaged 43.5%, placing in the 9.2% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 5.9% (HV 20d: 37.6%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.85.

Notable Days

  • 2009-05-04: Highest Volume — 11,448 contracts
  • 2009-05-11: Largest IV spike — 47.0% change
  • 2009-05-13: Highest IV Rank — 15.7%
  • 2009-05-04: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.64$24.51$27.28$24.88$27.28
Max Pain$23.13$22.50$25.00$22.50$22.50
ATM IV43.5%29.4%58.4%47.4%42.5%
Expected Move12.8%10.9%14.8%13.6%12.2%
HV 20d37.6%30.8%44.3%44.3%31.6%
HV 60d54.2%44.8%57.8%57.4%45.2%
IV Rank9.2%3.1%15.7%10.9%8.8%
IV Percentile43.2%6.7%71.8%59.1%40.1%
Term Structure1.2%-4.9%5.1%1.4%1.9%
VWIV46.9%34.9%60.0%58.7%42.5%
Skew 25d17.1%8.3%28.8%15.3%18.4%
Skew 10d34.9%18.9%48.5%35.7%31.6%
Call IV 25d33.8%23.0%43.7%39.6%23.0%
Put IV 25d50.9%36.0%72.4%54.9%41.4%
Bid-Ask Spread %26.5513.2639.1718.0727.03
Gamma HHI0.540.350.660.350.56
Net GEX726.9K355.4K928.6K571.9K865.2K
Net DEX-38.5M-64.5M-20.4M-27.0M-38.0M
Net VEX-134.0K-159.2K-123.7K-127.3K-124.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.850.0013.990.680.24
Total Volume3,529.751411,44810,803402
Total OI46,01533,28761,21535,66737,289

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-05-01$24.88$22.5047.4%13.6%44.3%10.9%58.7%15.3%1.4%571.9K-27.0M-127.3K0.6818.07N/AN/A6,4314,37223,59412,073
2009-05-04$25.23$22.5056.2%14.8%42.9%14.8%54.6%28.8%-1.3%811.7K-35.5M-148.3K4.5513.26N/AN/A2,0639,38529,17013,374
2009-05-05$24.51$22.5047.7%14.4%43.5%11.1%52.2%22.7%-1.1%355.4K-25.9M-159.2K1.7916.78N/AN/A7981,42730,30222,143
2009-05-06$24.92$22.5037.7%13.2%43.4%6.7%46.4%12.4%3.2%515.2K-34.7M-149.2K0.0616.55N/AN/A9,07051330,48222,298
2009-05-07$25.72$22.5038.8%12.5%42.2%7.2%43.4%10.6%4.4%868.3K-59.5M-140.3K0.0718.58N/AN/A7,06852736,98722,313
2009-05-08$26.14$22.5029.4%13.0%42.3%3.1%45.0%8.3%2.4%567.4K-61.6M-123.7K0.8127.67N/AN/A1,09788934,88822,438
2009-05-11$26.00$25.0043.2%13.2%42.0%9.1%51.3%13.1%1.4%640.2K-63.5M-129.9K2.5730.72N/AN/A16341936,70122,755
2009-05-12$26.25$25.0042.9%13.1%38.9%9.0%45.7%11.4%2.2%648.8K-64.5M-128.7K0.1132.44N/AN/A7,15379436,73322,927
2009-05-13$25.64$25.0058.4%14.1%38.4%15.7%60.0%14.8%-1.6%622.2K-52.2M-131.2K13.9926.52N/AN/A1572,19633,70623,634
2009-05-14$25.60$25.0050.1%14.4%38.4%12.1%51.9%18.7%-1.8%580.7K-52.6M-129.3K0.4233.81N/AN/A2,8211,17633,76325,213
2009-05-15$24.80$25.0045.9%13.2%40.5%10.3%58.3%22.1%1.8%813.2K-45.9M-131.6K0.2536.06N/AN/A4,5451,12035,08626,129
2009-05-18$25.12$22.5041.8%12.0%34.3%8.5%41.8%19.3%1.5%672.6K-20.4M-134.6K0.1518.31N/AN/A2,15232022,18011,107
2009-05-19$25.70$22.5041.1%11.8%33.0%8.2%43.4%19.9%1.8%717.3K-23.8M-132.7K0.3639.17N/AN/A32011422,97711,348
2009-05-20$25.58$22.5040.6%11.6%33.0%7.9%46.6%19.8%4.5%790.9K-24.8M-133.8K0.1119.12N/AN/A1,11712823,75611,334
2009-05-21$25.42$22.5038.7%11.1%32.9%7.1%38.1%15.9%5.1%890.5K-25.5M-135.0K6.7537.25N/AN/A13993824,76711,363
2009-05-22$25.62$22.5037.9%10.9%33.0%6.8%38.1%15.3%3.2%922.2K-26.7M-134.6K0.0038.57N/AN/A14024,67712,080
2009-05-26$26.21$22.5042.5%12.2%33.5%8.8%34.9%18.9%0.4%876.7K-29.5M-131.6K0.1228.76N/AN/A1281524,68012,080
2009-05-27$26.00$22.5043.8%12.5%32.3%9.3%40.3%15.9%-4.9%928.6K-28.6M-130.3K3.1226.41N/AN/A3310324,78112,175
2009-05-28$26.25$22.5043.3%12.4%30.8%9.1%45.2%20.7%-1.4%879.6K-30.7M-125.2K0.8825.88N/AN/A25922924,80412,193
2009-05-29$27.28$22.5042.5%12.2%31.6%8.8%42.5%18.4%1.9%865.2K-38.0M-124.0K0.2427.03N/AN/A3237924,98512,304