CGW Options History — March 2022

In March 2022, CGW traded between $49.20 and $53.20. ATM implied volatility averaged 23.0%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 0.5% (HV 20d: 22.4%). Max pain ranged from $47.00 to $58.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.92.

Notable Days

  • 2022-03-15: Highest Volume — 172 contracts
  • 2022-03-28: Largest IV spike — 77.5% change
  • 2022-03-07: Highest IV Rank — 22.0%
  • 2022-03-07: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.25$49.20$53.20$50.76$52.59
Max Pain$54.21$47.00$58.00$58.00$53.00
ATM IV23.0%15.7%41.5%25.6%18.1%
Expected Move6.8%3.4%11.9%7.3%3.4%
HV 20d22.4%20.4%23.9%20.6%22.7%
HV 60d19.5%18.2%20.6%18.5%20.6%
IV Rank9.0%4.0%22.0%10.9%5.3%
IV Percentile45.9%21.2%66.8%54.0%32.8%
Term Structure-1.8%-11.5%14.3%-6.7%-5.2%
VWIV23.9%13.3%39.5%28.3%13.3%
Skew 25d8.2%3.2%15.0%14.0%3.6%
Skew 10d8.3%-4.4%23.3%-0.4%8.4%
Call IV 25d21.5%13.7%31.3%23.7%16.9%
Put IV 25d29.8%20.5%38.1%37.7%20.5%
Bid-Ask Spread %109.0094.32139.80106.97107.00
Gamma HHI0.200.140.260.140.24
Net GEX5.8K98217.6K5.8K14.2K
Net DEX52.5K-133.8K197.1K141.6K-115.4K
Net VEX-613-1.0K-360-709-813
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.641.131.070.64
Total Volume144.174100172147128
Total OI359.435122501498165

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$50.76$58.0025.6%7.3%20.6%10.9%28.3%14.0%-6.7%5.8K141.6K-7091.07106.97N/AN/A717641286
2022-03-02$51.51$58.0023.8%6.8%21.3%9.7%24.7%5.9%0.6%5.2K130.1K-6161.01108.53N/AN/A757641386
2022-03-03$51.12$58.0027.9%8.0%21.0%12.5%24.8%9.2%-1.7%6.3K141.0K-7541.00108.56N/AN/A767641286
2022-03-04$50.25$57.0029.8%8.5%20.4%13.8%30.0%3.2%-8.2%4.2K167.2K-6471.01107.67N/AN/A767741586
2022-03-07$49.36$58.0041.5%11.9%21.1%22.0%39.5%6.5%1.6%1.9K184.2K-6011.01114.25N/AN/A767741187
2022-03-08$49.20$58.0025.5%8.8%20.7%10.9%31.0%14.8%-1.0%982197.1K-5551.01107.54N/AN/A767741187
2022-03-09$50.68$58.0022.1%11.7%23.2%8.5%34.7%13.8%-3.0%2.2K160.4K-5131.01110.59N/AN/A767741187
2022-03-10$49.77$58.0020.8%8.5%23.1%7.6%33.4%10.3%0.9%2.2K190.8K-5381.13104.25N/AN/A778741187
2022-03-11$49.50$55.0023.1%9.6%22.7%9.2%37.1%11.5%7.7%2.9K136.6K-6041.07112.29N/AN/A808641278
2022-03-14$49.79$47.0019.3%6.8%22.2%6.6%26.5%8.1%1.0%2.3K128.0K-5161.09103.74N/AN/A808741378
2022-03-15$50.47$47.0020.0%6.8%22.9%7.0%24.6%15.0%0.2%2.1K120.1K-4801.02102.13N/AN/A858741378
2022-03-16$51.26$47.0024.4%6.3%23.1%10.1%24.1%5.5%-3.1%4.8K83.6K-5331.02105.78N/AN/A858741878
2022-03-17$52.07$0.0017.9%8.3%23.6%5.5%0.0%7.4%14.3%7.0K51.2K-4731.02139.80N/AN/A858742078
2022-03-18$52.66$0.0019.9%4.5%23.6%6.9%0.0%9.0%-8.1%7.0K42.9K-4711.02111.32N/AN/A858741978
2022-03-21$52.09$0.0025.5%5.4%23.9%10.9%0.0%13.0%-11.5%3.7K-26.4K-5800.96108.58N/AN/A51497250
2022-03-22$52.48$0.0019.8%4.5%23.4%6.9%16.7%5.8%-1.9%2.6K-29.1K-3600.74103.18N/AN/A66497250
2022-03-23$51.79$53.0019.6%5.2%23.7%6.7%16.2%3.2%-2.8%6.1K-44.9K-6040.78105.73N/AN/A63498750
2022-03-24$51.71$53.0019.7%4.0%23.7%6.8%15.3%3.4%-3.9%3.9K-48.3K-5700.7894.32N/AN/A63498950
2022-03-25$51.66$53.0015.7%5.9%21.9%4.0%13.5%6.1%3.8%5.1K-49.0K-6010.67116.09N/AN/A75508950
2022-03-28$51.71$53.0027.8%5.5%21.6%12.1%14.0%5.1%-4.5%10.8K-91.5K-1.0K0.67119.63N/AN/A755011651
2022-03-29$53.20$53.0021.3%3.5%23.1%7.5%14.7%9.0%-6.6%15.5K-133.8K-8010.66106.51N/AN/A765011151
2022-03-30$53.02$53.0018.9%4.2%22.7%5.8%14.7%5.9%-2.7%17.6K-128.5K-7060.66102.48N/AN/A765011251
2022-03-31$52.59$53.0018.1%3.4%22.7%5.3%13.3%3.6%-5.2%14.2K-115.4K-8130.64107.00N/AN/A785011451