CIGI Options History — February 2023

In February 2023, CIGI traded between $108.58 and $119.09. ATM implied volatility averaged 29.4%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 3.0% (HV 20d: 32.4%). Max pain ranged from $110.00 to $110.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 5.04.

Notable Days

  • 2023-02-23: Highest Volume — 23 contracts
  • 2023-02-03: Largest IV spike — 42.0% change
  • 2023-02-07: Highest IV Rank — 44.6%
  • 2023-02-01: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.89$108.58$119.09$108.58$116.25
Max Pain$110.00$110.00$110.00$110.00$110.00
ATM IV29.4%21.8%46.1%37.7%25.7%
Expected Move8.0%6.2%10.8%10.8%7.4%
HV 20d32.4%25.2%36.0%25.6%34.1%
HV 60d32.9%31.2%34.8%34.1%31.2%
IV Rank14.1%0.2%44.6%29.4%7.2%
IV Percentile18.1%0.4%80.2%50.0%2.8%
Term Structure1.8%-5.4%8.6%-5.4%3.6%
VWIV28.3%28.3%28.3%28.3%28.3%
Skew 25d2.0%-4.8%8.8%8.8%1.4%
Skew 10d-1.0%-10.0%12.5%-6.5%-8.8%
Call IV 25d27.7%22.6%36.0%26.0%32.8%
Put IV 25d29.7%25.8%34.8%34.8%34.1%
Bid-Ask Spread %109.5093.10114.57106.50107.53
Gamma HHI0.230.180.330.290.23
Net GEX-13.1K-17.4K-5.8K-16.0K-15.3K
Net DEX54.3K-84.6K214.5K214.5K107.3K
Net VEX-2.5K-2.8K-2.3K-2.3K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.040.0019.002.330.00
Total Volume4.42102300
Total OI184.895146215171168

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$108.58$110.0037.7%10.8%25.6%29.4%0.0%8.8%-5.4%-16.0K214.5K-2.3K0.00106.50N/AN/A0053118
2023-02-02$112.43$0.0030.0%8.8%27.2%15.2%0.0%1.1%2.4%-16.1K93.3K-2.3K2.33109.01N/AN/A3753118
2023-02-03$111.04$0.0042.6%9.1%25.2%38.3%0.0%6.2%0.4%-14.7K132.9K-2.5K0.00108.69N/AN/A0556123
2023-02-06$109.52$0.0042.4%10.2%25.5%37.9%0.0%6.7%-0.2%-17.0K206.6K-2.6K0.00106.87N/AN/A0056128
2023-02-07$111.63$0.0046.1%9.6%25.8%44.6%0.0%1.8%-2.7%-16.7K159.5K-2.5K2.67108.42N/AN/A3856128
2023-02-08$110.13$0.0032.3%9.3%26.8%19.5%0.0%-4.8%2.7%-17.4K187.7K-2.7K19.00108.96N/AN/A11959135
2023-02-09$117.86$0.0028.0%8.0%33.9%11.5%0.0%-1.2%2.0%-13.8K-79.4K-2.5K0.0093.10N/AN/A1060151
2023-02-10$115.34$0.0024.4%7.0%35.5%5.0%0.0%-1.9%8.5%-16.7K40.2K-2.5K0.00110.37N/AN/A0059151
2023-02-13$117.80$0.0021.9%6.3%35.8%0.5%0.0%2.3%5.1%-12.4K-41.6K-2.4K0.00112.64N/AN/A0459151
2023-02-14$118.34$0.0021.8%6.2%35.8%0.2%0.0%4.3%7.0%-12.0K-72.9K-2.4K0.00112.36N/AN/A0059155
2023-02-15$119.09$0.0023.5%6.7%35.6%3.4%28.3%-0.3%8.6%-11.3K-82.1K-2.4K0.00112.12N/AN/A0259155
2023-02-16$118.63$110.0023.3%6.7%35.0%3.1%0.0%4.3%1.6%-11.5K-84.6K-2.4K0.00112.65N/AN/A0059156
2023-02-17$118.26$110.0022.8%6.5%35.3%2.0%0.0%3.0%-2.1%-5.8K-76.0K-2.3K0.75112.03N/AN/A4359156
2023-02-21$115.97$110.0027.5%7.9%35.7%10.7%0.0%3.4%-0.7%-6.8K19.7K-2.4K0.00112.57N/AN/A0043103
2023-02-22$114.88$110.0027.1%7.8%36.0%9.8%0.0%3.2%-1.9%-7.5K38.6K-2.4K0.00111.96N/AN/A0043103
2023-02-23$115.34$110.0026.9%7.7%35.9%9.3%0.0%-4.3%2.5%-7.3K43.9K-2.4K10.50112.36N/AN/A22143103
2023-02-24$115.46$110.0028.2%8.1%35.8%11.9%0.0%1.4%0.9%-15.9K150.9K-2.8K0.00107.86N/AN/A1043124
2023-02-27$116.38$110.0026.2%7.5%34.9%8.1%0.0%2.6%1.8%-14.7K73.6K-2.7K0.00114.57N/AN/A0044124
2023-02-28$116.25$110.0025.7%7.4%34.1%7.2%0.0%1.4%3.6%-15.3K107.3K-2.7K0.00107.53N/AN/A0044124