CGW Options History — November 2008

In November 2008, CGW traded between $11.83 and $16.67. ATM implied volatility averaged 58.6%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded below realized volatility by 24.2% (HV 20d: 82.8%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 0 of 19 days.

Notable Days

  • 2008-11-26: Highest Volume — 10 contracts
  • 2008-11-20: Largest IV spike — 149.0% change
  • 2008-11-06: Highest IV Rank — 61.6%
  • 2008-11-06: Largest Expected Move — 36.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.71$11.83$16.67$16.01$14.29
Max Pain$14.42$14.00$16.00$16.00$14.00
ATM IV58.6%42.4%126.9%58.2%48.0%
Expected Move16.3%12.1%36.4%16.7%13.8%
HV 20d82.8%70.2%94.6%90.6%87.1%
HV 60d67.3%60.3%77.2%60.3%76.6%
IV Rank24.8%16.0%61.6%24.6%19.1%
IV Percentile90.9%86.1%98.4%93.7%87.3%
Term Structure-13.9%-51.9%-3.6%-8.8%-13.4%
Skew 25d3.3%-28.9%73.5%0.9%-1.0%
Skew 10d-3.6%-52.1%8.3%6.2%1.0%
Call IV 25d49.9%38.6%131.6%48.9%46.8%
Put IV 25d53.2%40.1%145.7%49.8%45.9%
Bid-Ask Spread %121.58113.87171.33120.81119.14
Gamma HHI0.440.180.690.240.44
Net GEX-967-1.7K1.0K-326-1.4K
Net DEX28.3K-3.1K49.4K14.4K26.7K
Net VEX-98-274-48-170-71
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.52601000
Total OI198.263133248248143

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-11-03$16.01$16.0058.2%16.7%90.6%24.6%0.0%0.9%-8.8%-32614.4K-1700.00120.81N/AN/A0020147
2008-11-04$16.67$16.0057.9%16.6%89.6%24.4%0.0%4.7%-8.6%2765.0K-1920.00120.78N/AN/A0020147
2008-11-05$16.10$16.0057.6%16.5%90.3%24.3%0.0%0.2%-7.6%-46914.6K-1610.00120.10N/AN/A0020147
2008-11-06$15.26$16.00126.9%36.4%87.7%61.6%0.0%73.5%-46.1%1.0K-3.1K-2740.00171.33N/AN/A0020147
2008-11-07$15.69$14.0054.4%14.2%87.9%22.5%0.0%2.4%-10.3%-1.4K26.9K-1100.00113.87N/AN/A0015647
2008-11-10$15.79$14.0055.3%14.1%76.0%23.0%0.0%4.0%-10.1%-1.6K25.8K-1020.00115.09N/AN/A0015647
2008-11-11$15.15$14.0058.6%14.4%76.9%24.8%0.0%0.6%-11.3%-1.6K33.0K-910.00116.81N/AN/A0015647
2008-11-12$14.30$14.0059.9%14.0%72.1%25.5%0.0%-0.5%-10.1%-1.4K41.8K-750.00114.65N/AN/A0015647
2008-11-13$15.15$14.0049.7%14.2%73.7%20.0%0.0%1.1%-9.3%-1.7K33.7K-860.00116.75N/AN/A0015647
2008-11-14$14.50$14.0048.7%14.0%74.6%19.5%0.0%2.0%-8.4%-1.6K42.1K-720.00114.74N/AN/A0015647
2008-11-17$14.60$14.0045.1%12.9%74.8%17.5%0.0%2.8%-7.1%-1.7K42.0K-670.00118.65N/AN/A0015647
2008-11-18$14.29$14.0049.9%14.3%73.3%20.1%0.0%-3.9%-21.0%-1.3K43.0K-680.00119.06N/AN/A0015647
2008-11-19$13.50$14.0045.2%13.0%70.2%17.6%0.0%-3.5%-10.3%-1.1K48.8K-520.00116.30N/AN/A0015647
2008-11-20$11.83$14.00112.5%32.3%83.6%53.8%0.0%-28.9%-51.9%-11841.8K-640.00142.27N/AN/A0015647
2008-11-21$13.35$14.0048.4%13.9%94.4%19.3%0.0%2.9%-8.9%-90049.4K-480.00114.97N/AN/A0015647
2008-11-24$14.03$14.0048.6%13.9%94.6%19.4%0.0%1.8%-8.5%-98318.6K-520.00118.51N/AN/A0010627
2008-11-25$14.50$14.0042.4%12.1%88.2%16.0%0.0%1.8%-3.6%-1.0K16.9K-540.00117.87N/AN/A0010627
2008-11-26$14.51$14.0045.7%13.1%87.2%17.9%0.0%2.0%-8.8%-99216.0K-530.00118.28N/AN/A01010627
2008-11-28$14.29$14.0048.0%13.8%87.1%19.1%0.0%-1.0%-13.4%-1.4K26.7K-710.00119.14N/AN/A0010637