CGW Options History — March 2009

In March 2009, CGW traded between $10.33 and $12.47. ATM implied volatility averaged 67.8%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 17.7% (HV 20d: 50.1%). Max pain ranged from $12.00 to $15.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-03-17: Highest Volume — 1 contracts
  • 2009-03-18: Largest IV spike — 157.8% change
  • 2009-03-20: Highest IV Rank — 68.4%
  • 2009-03-18: Largest Expected Move — 30.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.49$10.33$12.47$10.84$12.17
Max Pain$13.00$12.00$15.00$15.00$12.00
ATM IV67.8%40.9%139.6%55.8%72.5%
Expected Move16.4%11.3%30.3%16.0%20.8%
HV 20d50.1%42.4%54.6%42.4%47.3%
HV 60d45.3%43.5%47.0%44.8%43.9%
IV Rank29.7%15.3%68.4%23.3%32.3%
IV Percentile85.0%61.1%98.8%83.3%91.3%
Term Structure-9.1%-29.4%-2.0%-15.1%-10.5%
VWIV50.3%40.9%59.7%40.9%59.7%
Skew 25d4.3%-7.4%15.1%-7.0%8.7%
Skew 10d-0.3%-68.1%37.2%-20.0%8.7%
Call IV 25d55.3%30.4%121.0%55.8%58.0%
Put IV 25d59.6%36.1%131.8%48.8%66.7%
Bid-Ask Spread %149.50117.14192.89117.14174.37
Gamma HHI0.290.250.320.280.29
Net GEX190545411
Net DEX319-1.1K1.4K821-1.1K
Net VEX-17-230-19-22
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1360100
Total OI20.636729287

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$10.84$15.0055.8%16.0%42.4%23.3%0.0%-7.0%-15.1%54821-190.00117.14N/AN/A00253
2009-03-03$10.74$15.0051.7%14.8%42.4%21.1%0.0%-1.6%-10.8%291.1K-170.00119.43N/AN/A00253
2009-03-04$11.27$15.0051.2%14.7%44.9%20.8%0.0%0.0%-13.4%01.1K00.00117.49N/AN/A00211
2009-03-05$10.62$15.0054.8%15.7%48.3%22.7%0.0%-7.4%-14.2%271.1K-170.00119.98N/AN/A00253
2009-03-06$10.56$0.0056.5%11.8%47.9%23.7%0.0%4.6%-5.6%261.2K-160.00143.65N/AN/A00253
2009-03-09$10.33$0.0064.2%12.5%45.5%27.8%0.0%5.6%-6.3%191.4K-150.00142.91N/AN/A00253
2009-03-10$10.93$0.0058.3%11.6%51.5%24.6%0.0%0.0%-2.8%01.1K00.00120.45N/AN/A00211
2009-03-11$10.87$0.0060.5%12.9%50.7%25.8%0.0%4.3%-3.2%25952-170.00150.09N/AN/A00253
2009-03-12$11.19$0.0041.7%11.9%52.4%15.7%0.0%5.7%-4.0%28774-180.00143.54N/AN/A00253
2009-03-13$11.22$0.0043.1%12.3%52.6%16.4%0.0%3.0%-4.9%35703-180.00143.07N/AN/A00253
2009-03-16$11.31$0.0051.2%14.7%52.7%20.8%0.0%0.0%-5.1%01.1K00.00154.95N/AN/A00211
2009-03-17$11.73$0.0040.9%11.7%53.2%15.3%0.0%5.5%-2.0%38413-190.00139.38N/AN/A01253
2009-03-18$12.00$0.00105.6%30.3%53.8%50.1%0.0%10.8%-29.4%10443-230.00177.23N/AN/A00254
2009-03-19$11.83$12.00102.5%11.3%53.9%48.4%40.9%5.7%0.0%23797-220.00123.43N/AN/A01254
2009-03-20$11.84$12.00139.6%11.4%53.4%68.4%0.0%5.8%0.0%21880-220.00125.40N/AN/A00254
2009-03-23$12.39$0.0084.1%24.1%54.6%38.5%0.0%15.1%-10.5%11-977-230.00192.89N/AN/A0043
2009-03-24$12.20$12.0071.1%20.4%53.1%31.6%0.0%4.7%0.0%10-961-230.00175.48N/AN/A0043
2009-03-25$12.37$12.0071.5%20.5%51.9%31.8%0.0%4.3%0.0%10-995-230.00177.55N/AN/A0043
2009-03-26$12.47$12.0070.9%20.3%50.9%31.4%0.0%4.4%0.0%11-1.0K-230.00177.56N/AN/A0043
2009-03-27$12.18$12.0071.0%20.3%51.8%31.5%59.7%4.8%0.0%10-918-220.00177.50N/AN/A1043
2009-03-30$11.80$12.0072.5%20.8%46.6%32.3%0.0%4.9%0.0%10-875-220.00175.48N/AN/A0043
2009-03-31$12.17$12.0072.5%20.8%47.3%32.3%0.0%8.7%0.0%11-1.1K-220.00174.37N/AN/A0043