CGW Options History — March 2023

In March 2023, CGW traded between $47.15 and $49.69. ATM implied volatility averaged 23.4%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 7.2% (HV 20d: 16.1%). Max pain ranged from $37.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-03-30: Highest Volume — 22 contracts
  • 2023-03-30: Largest IV spike — 60.9% change
  • 2023-03-14: Highest IV Rank — 76.2%
  • 2023-03-13: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.18$47.15$49.69$48.39$49.69
Max Pain$44.75$37.00$50.00$37.00$47.00
ATM IV23.4%12.2%46.7%21.0%15.4%
Expected Move5.7%3.5%7.6%6.0%4.4%
HV 20d16.1%12.8%18.2%15.0%17.8%
HV 60d17.5%16.7%18.3%17.6%16.7%
IV Rank22.2%0.0%76.2%16.1%7.2%
IV Percentile35.6%0.0%98.4%26.2%1.2%
Term Structure1.3%-3.9%9.4%1.0%-3.1%
VWIV15.7%14.9%16.5%16.5%14.9%
Skew 25d3.8%-1.5%16.7%-0.4%5.0%
Skew 10d6.6%0.3%13.2%0.3%11.2%
Call IV 25d18.1%11.1%23.3%22.3%16.9%
Put IV 25d21.9%15.8%30.4%21.9%21.9%
Bid-Ask Spread %119.97112.84125.73123.64122.02
Gamma HHI0.460.340.560.420.56
Net GEX26.5K19.5K31.8K29.8K31.8K
Net DEX-345.2K-469.7K-223.8K-419.9K-400.7K
Net VEX-1.3K-1.5K-1.1K-1.4K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.8702200
Total OI172.522129198195154

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$48.39$37.0021.0%6.0%15.0%16.1%0.0%-0.4%1.0%29.8K-419.9K-1.4K0.00123.64N/AN/A0018510
2023-03-02$48.59$37.0022.4%6.4%12.8%19.5%0.0%5.0%-3.9%29.5K-416.7K-1.4K0.00122.77N/AN/A0018510
2023-03-03$49.29$37.0020.7%5.9%14.1%15.5%0.0%3.0%-0.4%29.2K-466.8K-1.5K0.00125.73N/AN/A2018510
2023-03-06$49.08$0.0023.5%4.9%13.9%22.1%0.0%1.5%1.8%31.7K-469.7K-1.4K0.00122.74N/AN/A0018510
2023-03-07$48.32$0.0021.9%5.7%14.5%18.2%0.0%-1.5%1.3%31.5K-415.0K-1.3K0.00117.76N/AN/A0018510
2023-03-08$48.58$0.0026.5%5.7%14.3%29.0%0.0%2.4%-0.8%29.4K-423.7K-1.4K0.00112.84N/AN/A0018510
2023-03-09$48.03$0.0025.6%6.0%14.4%26.9%0.0%3.5%4.3%29.5K-412.6K-1.3K0.00116.57N/AN/A0018510
2023-03-10$47.27$0.0034.5%7.0%15.1%47.7%0.0%3.0%-0.7%28.6K-352.8K-1.3K0.00122.06N/AN/A0018510
2023-03-13$47.63$0.0044.9%7.6%15.5%71.9%0.0%2.6%-0.6%27.8K-371.1K-1.3K0.00117.21N/AN/A1018510
2023-03-14$48.06$0.0046.7%4.7%15.1%76.2%0.0%3.7%4.1%30.7K-392.5K-1.3K0.00120.58N/AN/A4018610
2023-03-15$47.36$0.0025.3%7.3%15.7%26.2%0.0%3.0%-0.2%27.0K-369.8K-1.3K0.00115.69N/AN/A0018810
2023-03-16$48.03$0.0020.8%6.0%16.8%15.7%0.0%2.7%9.4%26.3K-384.4K-1.2K0.00116.28N/AN/A13018810
2023-03-17$47.15$0.0024.8%7.1%17.5%24.9%0.0%16.7%-0.1%25.8K-331.9K-1.1K0.00116.11N/AN/A3018010
2023-03-20$47.88$0.0018.8%5.4%18.1%11.0%16.5%5.6%2.5%19.5K-223.8K-1.1K0.00119.55N/AN/A1401290
2023-03-21$48.00$50.0019.3%5.5%17.5%12.2%14.9%7.5%1.5%21.4K-251.0K-1.2K0.00121.41N/AN/A011420
2023-03-22$47.64$47.0015.9%4.6%17.4%4.3%0.0%4.7%-1.3%24.4K-264.6K-1.2K0.00119.45N/AN/A001421
2023-03-23$47.41$47.0022.1%6.3%17.5%18.7%0.0%1.8%-1.1%19.9K-233.6K-1.2K0.00120.95N/AN/A301421
2023-03-24$47.62$47.0018.9%5.4%17.3%11.1%0.0%0.3%1.6%21.9K-225.3K-1.2K0.00117.91N/AN/A301431
2023-03-27$48.00$47.0019.9%5.7%17.4%13.5%0.0%3.2%0.2%22.3K-251.0K-1.2K0.00119.35N/AN/A001431
2023-03-28$48.06$47.0016.5%4.7%17.3%5.6%0.0%5.3%1.6%24.3K-258.6K-1.2K0.00121.81N/AN/A001431
2023-03-29$48.84$47.0012.2%3.5%18.0%0.0%0.0%5.4%9.1%23.3K-286.3K-1.3K0.00124.26N/AN/A001431
2023-03-30$49.28$47.0019.6%5.6%18.2%16.6%0.0%3.1%4.2%24.6K-318.3K-1.3K0.00122.71N/AN/A2201431
2023-03-31$49.69$47.0015.4%4.4%17.8%7.2%0.0%5.0%-3.1%31.8K-400.7K-1.4K0.00122.02N/AN/A001531