CIGI Options History — April 2023

In April 2023, CIGI traded between $98.86 and $106.28. ATM implied volatility averaged 36.6%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 5.8% (HV 20d: 30.8%). Max pain ranged from $105.00 to $115.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.76.

Notable Days

2023-04-18: Highest Volume — 1,208 contracts
2023-04-04: Largest IV spike — 30.6% change
2023-04-25: Highest IV Rank — 38.8%
2023-04-25: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$101.95	$98.86	$106.28	$103.85	$106.28
Max Pain	$108.16	$105.00	$115.00	$115.00	$105.00
ATM IV	36.6%	24.6%	43.0%	24.6%	39.6%
Expected Move	10.5%	7.1%	12.3%	7.1%	11.3%
HV 20d	30.8%	22.7%	38.6%	37.6%	26.4%
HV 60d	32.7%	31.9%	33.0%	32.6%	32.5%
IV Rank	27.2%	5.2%	38.8%	5.2%	32.6%
IV Percentile	49.1%	3.6%	72.6%	3.6%	63.1%
Term Structure	-1.9%	-10.0%	14.4%	-0.9%	-3.6%
VWIV	34.5%	28.5%	46.4%	29.4%	35.8%
Skew 25d	6.3%	-5.3%	12.6%	-5.3%	7.2%
Skew 10d	10.2%	-30.8%	24.7%	-30.8%	10.6%
Call IV 25d	34.0%	26.4%	44.9%	40.8%	35.9%
Put IV 25d	40.3%	34.4%	54.9%	35.5%	43.1%
Bid-Ask Spread %	108.72	106.37	114.23	114.23	106.65
Gamma HHI	0.50	0.17	0.93	0.19	0.92
Net GEX	179.2K	-26.3K	512.7K	-25.2K	512.7K
Net DEX	-1.7M	-7.1M	783.8K	562.1K	-7.1M
Net VEX	-8.2K	-16.8K	-2.6K	-2.6K	-14.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.76	0.00	10.00	9.00	0.00
Total Volume	68.842	0	1,208	0	0
Total OI	760.632	221	1,492	226	1,446

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-04-03	$103.85	$115.00	24.6%	7.1%	37.6%	5.2%	0.0%	-5.3%	-0.9%	-25.2K	562.1K	-2.6K	0.00	114.23	N/A	N/A	0	0	54	172
2023-04-04	$101.23	$110.00	32.1%	9.2%	38.4%	19.0%	29.4%	6.8%	6.1%	-24.3K	592.4K	-2.6K	9.00	112.51	N/A	N/A	1	9	54	167
2023-04-05	$101.57	$110.00	34.0%	9.7%	38.2%	22.3%	0.0%	10.0%	14.4%	-25.0K	601.4K	-2.7K	0.00	112.53	N/A	N/A	10	0	55	171
2023-04-06	$102.56	$110.00	28.6%	9.5%	38.6%	12.5%	0.0%	10.6%	2.2%	-21.2K	526.5K	-2.8K	10.00	106.57	N/A	N/A	2	20	65	171
2023-04-10	$98.86	$110.00	37.2%	10.3%	38.6%	28.2%	46.4%	8.1%	1.0%	-24.1K	727.8K	-3.0K	2.25	106.37	N/A	N/A	4	9	67	191
2023-04-11	$98.87	$110.00	38.0%	10.2%	38.4%	29.7%	33.6%	8.9%	0.3%	-25.9K	783.8K	-3.2K	0.00	107.62	N/A	N/A	0	2	69	200
2023-04-12	$99.06	$110.00	36.2%	10.4%	35.1%	26.4%	0.0%	12.6%	-1.6%	-26.0K	755.4K	-3.1K	0.00	108.44	N/A	N/A	2	0	69	198
2023-04-13	$100.26	$110.00	37.6%	10.8%	31.2%	28.9%	0.0%	4.7%	-3.2%	-24.2K	672.3K	-3.3K	1.00	108.83	N/A	N/A	1	1	71	198
2023-04-14	$101.58	$110.00	37.8%	10.8%	30.6%	29.3%	0.0%	2.0%	-3.8%	-24.1K	627.6K	-3.2K	2.00	108.00	N/A	N/A	1	2	71	198
2023-04-17	$103.08	$110.00	35.5%	10.2%	27.0%	25.1%	34.2%	7.2%	-2.5%	-26.3K	581.7K	-3.1K	0.00	108.07	N/A	N/A	0	1	72	200
2023-04-18	$103.83	$110.00	32.9%	9.4%	27.2%	20.4%	34.2%	9.6%	-1.5%	-26.3K	546.0K	-3.0K	0.01	107.42	N/A	N/A	1,201	7	72	199
2023-04-19	$102.61	$105.00	35.3%	10.1%	27.2%	24.8%	28.5%	4.3%	-4.2%	440.3K	-4.6M	-16.8K	2.67	106.60	N/A	N/A	3	8	1,273	204
2023-04-20	$102.14	$105.00	42.7%	12.2%	26.7%	38.3%	34.7%	4.3%	-10.0%	426.4K	-4.6M	-16.7K	0.20	108.53	N/A	N/A	5	1	1,276	212
2023-04-21	$102.38	$105.00	40.3%	11.6%	26.5%	34.0%	0.0%	6.4%	-4.0%	450.1K	-4.7M	-16.4K	0.00	108.60	N/A	N/A	0	0	1,280	212
2023-04-24	$101.90	$105.00	38.1%	10.9%	25.1%	29.9%	0.0%	11.3%	-3.8%	487.5K	-4.5M	-15.1K	0.00	108.52	N/A	N/A	0	3	1,261	177
2023-04-25	$101.25	$105.00	43.0%	12.3%	23.6%	38.8%	0.0%	1.1%	-7.4%	435.1K	-4.3M	-14.9K	0.00	108.93	N/A	N/A	0	0	1,261	180
2023-04-26	$100.70	$105.00	43.0%	12.3%	22.7%	38.8%	33.7%	1.5%	-8.4%	430.6K	-3.9M	-14.1K	6.00	109.89	N/A	N/A	2	12	1,261	180
2023-04-27	$105.03	$105.00	39.7%	11.4%	26.5%	32.8%	35.8%	7.9%	-5.2%	495.5K	-6.5M	-15.2K	0.00	107.30	N/A	N/A	1	0	1,263	182
2023-04-28	$106.28	$105.00	39.6%	11.3%	26.4%	32.6%	0.0%	7.2%	-3.6%	512.7K	-7.1M	-14.8K	0.00	106.65	N/A	N/A	0	0	1,264	182