CGW Options History — January 2009

In January 2009, CGW traded between $12.61 and $14.77. ATM implied volatility averaged 46.2%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 0.6% (HV 20d: 45.6%). Max pain ranged from $13.00 to $13.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-01-06: Highest Volume — 13 contracts
  • 2009-01-15: Largest IV drop — 51.9% change
  • 2009-01-13: Highest IV Rank — 37.2%
  • 2009-01-02: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.51$12.61$14.77$14.59$12.79
Max Pain$13.00$13.00$13.00$13.00$13.00
ATM IV46.2%34.5%81.7%46.5%40.5%
Expected Move11.0%9.4%13.3%13.3%11.6%
HV 20d45.6%41.4%50.4%50.4%42.3%
HV 60d69.7%63.8%78.1%78.1%64.2%
IV Rank18.1%11.8%37.2%18.3%15.0%
IV Percentile77.1%66.7%95.2%79.8%71.8%
Term Structure-0.3%-6.9%8.8%-6.9%-2.4%
VWIV36.3%36.3%36.3%36.3%36.3%
Skew 25d5.3%1.1%13.5%2.5%3.5%
Skew 10d5.6%-3.4%15.4%8.5%-3.4%
Call IV 25d36.1%22.6%49.8%49.8%41.9%
Put IV 25d41.4%36.1%52.3%52.3%45.4%
Bid-Ask Spread %137.42126.45146.78146.78139.15
Gamma HHI0.440.370.640.370.41
Net GEX-199-1.8K1.1K462-241
Net DEX3.2K-19.6K20.7K-11.7K10.8K
Net VEX-62-100-29-95-43
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.801300
Total OI81.653911910642

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-01-02$14.59$13.0046.5%13.3%50.4%18.3%0.0%2.5%-6.9%462-11.7K-950.00146.78N/AN/A004957
2009-01-05$14.66$13.0039.1%12.1%46.8%14.3%0.0%7.4%1.5%918-14.0K-770.00126.45N/AN/A004957
2009-01-06$14.77$13.0041.0%10.4%46.6%15.3%36.3%4.8%0.7%1.1K-16.7K-690.00133.66N/AN/A1304957
2009-01-07$14.40$13.0051.3%10.5%46.2%20.9%0.0%4.0%-0.0%949-15.9K-1000.00134.36N/AN/A006257
2009-01-08$14.51$13.0048.9%9.4%46.1%19.6%0.0%13.5%3.1%1.0K-19.6K-990.00137.06N/AN/A006257
2009-01-09$14.06$13.0052.8%10.6%46.7%21.7%0.0%12.7%2.5%248-7.6K-960.00134.91N/AN/A006257
2009-01-12$13.65$13.0061.0%9.8%47.6%26.1%0.0%6.8%3.1%-6904.8K-830.00135.32N/AN/A006257
2009-01-13$13.49$13.0081.7%10.9%47.2%37.2%0.0%3.1%1.0%-9599.9K-770.00138.49N/AN/A006257
2009-01-14$13.11$13.0079.2%10.8%48.1%35.9%0.0%3.2%-0.3%-1.8K20.7K-680.00136.12N/AN/A006257
2009-01-15$13.29$13.0038.1%10.9%42.1%13.8%0.0%2.1%-1.5%-1.5K15.3K-670.00139.41N/AN/A006257
2009-01-16$13.47$13.0036.5%10.5%42.1%12.9%0.0%4.5%2.5%-1.6K-1.8K-500.00136.36N/AN/A006257
2009-01-20$12.61$13.0036.9%10.6%46.4%13.1%0.0%2.7%-2.3%-27314.1K-290.00135.16N/AN/A002217
2009-01-21$13.05$13.0038.8%11.1%48.8%14.2%0.0%3.1%-1.8%-23510.7K-410.00142.16N/AN/A002217
2009-01-22$12.84$13.0038.9%11.1%48.1%14.2%0.0%4.3%-0.8%-25812.1K-360.00139.37N/AN/A002217
2009-01-23$12.65$13.0038.7%11.1%47.9%14.1%0.0%1.1%-4.1%-26213.8K-300.00139.24N/AN/A202217
2009-01-26$12.79$13.0038.1%10.9%41.4%13.8%0.0%3.5%-1.0%-25211.5K-420.00138.72N/AN/A002417
2009-01-27$12.93$13.0040.6%11.7%41.6%15.1%0.0%10.5%-3.8%-23610.5K-430.00140.92N/AN/A002417
2009-01-28$13.45$13.0034.5%9.9%44.1%11.8%0.0%7.8%8.8%-2317.4K-480.00139.23N/AN/A102417
2009-01-29$13.07$13.0041.4%11.9%42.1%15.5%0.0%4.9%-4.5%-2109.1K-470.00135.46N/AN/A002517
2009-01-30$12.79$13.0040.5%11.6%42.3%15.0%0.0%3.5%-2.4%-24110.8K-430.00139.15N/AN/A002517