CGW Options History — December 2025

In December 2025, CGW traded between $63.03 and $64.49. ATM implied volatility averaged 14.6%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.9% (HV 20d: 11.7%). Max pain ranged from $61.00 to $63.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-12-31: Highest Volume — 3 contracts
2025-12-10: Largest IV drop — 22.0% change
2025-12-09: Highest IV Rank — 15.6%
2025-12-03: Largest Expected Move — 5.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$63.81	$63.03	$64.49	$64.41	$63.30
Max Pain	$62.20	$61.00	$63.00	$63.00	$61.00
ATM IV	14.6%	13.0%	18.3%	15.3%	14.8%
Expected Move	4.0%	3.7%	5.0%	4.4%	4.2%
HV 20d	11.7%	6.8%	14.6%	14.5%	7.0%
HV 60d	11.8%	11.1%	12.8%	12.8%	11.2%
IV Rank	7.4%	3.9%	15.6%	8.8%	7.8%
IV Percentile	34.8%	11.5%	76.6%	46.4%	46.0%
Term Structure	-1.2%	-5.0%	2.6%	-2.4%	-3.6%
VWIV	20.8%	20.8%	20.8%	20.8%	20.8%
Skew 25d	1.7%	-0.7%	3.4%	3.0%	-0.3%
Skew 10d	1.8%	0.0%	5.9%	0.3%	5.9%
Call IV 25d	14.2%	11.7%	15.9%	14.9%	15.5%
Put IV 25d	15.9%	13.5%	18.7%	17.9%	15.3%
Bid-Ask Spread %	151.95	134.70	159.01	135.66	154.32
Gamma HHI	0.22	0.19	0.26	0.20	0.24
Net GEX	12.8K	10.5K	15.3K	13.0K	10.7K
Net DEX	-137.9K	-158.9K	-116.1K	-154.7K	-117.8K
Net VEX	-696	-726	-666	-724	-693
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.364	0	3	0	3
Total OI	51.818	45	57	53	47

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-12-01	$64.41	$63.00	15.3%	4.4%	14.5%	8.8%	0.0%	3.0%	-2.4%	13.0K	-154.7K	-724	135.66	N/A	N/A	0	0	49	4
2025-12-02	$64.35	$63.00	15.7%	4.5%	14.4%	9.8%	0.0%	2.9%	-2.5%	12.3K	-156.4K	-719	134.70	N/A	N/A	0	0	49	4
2025-12-03	$64.49	$63.00	17.5%	5.0%	14.4%	13.9%	0.0%	2.9%	-5.0%	12.3K	-157.4K	-714	135.40	N/A	N/A	0	0	49	4
2025-12-04	$64.24	$0.00	17.3%	4.3%	13.7%	13.3%	0.0%	0.9%	0.3%	13.3K	-151.7K	-704	143.16	N/A	N/A	2	0	49	4
2025-12-05	$63.81	$0.00	15.5%	4.0%	13.9%	9.3%	0.0%	0.8%	2.5%	13.0K	-141.0K	-715	148.10	N/A	N/A	0	0	49	4
2025-12-08	$63.58	$0.00	16.9%	3.9%	13.9%	12.4%	0.0%	1.2%	-0.6%	13.2K	-135.5K	-666	154.55	N/A	N/A	0	0	49	4
2025-12-09	$63.03	$0.00	18.3%	3.9%	14.0%	15.6%	0.0%	0.5%	-1.0%	12.0K	-120.6K	-671	156.02	N/A	N/A	0	0	49	4
2025-12-10	$63.58	$0.00	14.3%	4.1%	14.2%	6.6%	0.0%	1.8%	-0.3%	13.4K	-129.3K	-679	152.55	N/A	N/A	1	0	49	4
2025-12-11	$64.07	$0.00	13.3%	3.8%	14.6%	4.5%	0.0%	-0.7%	-1.3%	13.4K	-142.7K	-667	154.45	N/A	N/A	0	0	50	4
2025-12-12	$63.99	$0.00	13.8%	4.0%	14.3%	5.6%	0.0%	0.6%	-0.8%	13.4K	-144.3K	-677	156.57	N/A	N/A	0	0	50	4
2025-12-15	$64.11	$0.00	14.0%	4.0%	14.3%	6.1%	0.0%	1.1%	0.3%	14.6K	-158.9K	-726	156.86	N/A	N/A	0	0	53	4
2025-12-16	$63.83	$0.00	13.0%	3.7%	12.7%	3.9%	0.0%	1.4%	2.6%	15.0K	-153.8K	-723	152.55	N/A	N/A	0	0	53	4
2025-12-17	$63.75	$0.00	13.8%	3.9%	12.6%	5.5%	0.0%	1.4%	0.4%	15.2K	-146.1K	-691	156.74	N/A	N/A	0	0	53	4
2025-12-18	$63.77	$0.00	13.8%	4.0%	11.5%	5.6%	0.0%	1.4%	-2.0%	15.3K	-148.6K	-700	157.28	N/A	N/A	0	0	53	4
2025-12-19	$63.86	$0.00	13.7%	3.9%	11.5%	5.4%	0.0%	2.2%	-1.5%	14.8K	-148.3K	-685	159.01	N/A	N/A	0	0	53	4
2025-12-22	$63.85	$0.00	13.3%	3.8%	9.4%	4.4%	0.0%	2.7%	-1.1%	11.6K	-117.2K	-675	153.39	N/A	N/A	1	0	44	1
2025-12-23	$63.51	$0.00	13.3%	3.8%	9.6%	4.5%	0.0%	3.4%	-2.3%	11.8K	-116.1K	-690	155.76	N/A	N/A	0	0	45	1
2025-12-24	$63.49	$0.00	13.6%	3.9%	7.3%	5.1%	0.0%	1.8%	-0.4%	11.0K	-124.7K	-716	158.81	N/A	N/A	0	0	45	1
2025-12-26	$63.59	$0.00	13.0%	3.7%	7.0%	3.9%	0.0%	2.7%	-2.8%	10.7K	-125.5K	-698	156.29	N/A	N/A	0	0	45	1
2025-12-29	$63.59	$0.00	13.2%	3.8%	6.8%	4.2%	20.8%	3.0%	-1.1%	12.0K	-122.5K	-685	157.03	N/A	N/A	0	1	45	1
2025-12-30	$63.69	$61.00	14.5%	4.2%	6.8%	7.1%	0.0%	3.4%	-3.7%	10.5K	-119.7K	-698	153.62	N/A	N/A	0	0	45	2
2025-12-31	$63.30	$61.00	14.8%	4.2%	7.0%	7.8%	0.0%	-0.3%	-3.6%	10.7K	-117.8K	-693	154.32	N/A	N/A	3	0	45	2