CIGI Options History — December 2023

In December 2023, CIGI traded between $106.12 and $128.88. ATM implied volatility averaged 30.8%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 2.6% (HV 20d: 28.3%). Max pain ranged from $90.00 to $120.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.57.

Notable Days

2023-12-22: Highest Volume — 224 contracts
2023-12-13: Largest IV drop — 32.6% change
2023-12-12: Highest IV Rank — 36.7%
2023-12-15: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$116.81	$106.12	$128.88	$106.12	$127.01
Max Pain	$109.75	$90.00	$120.00	$90.00	$115.00
ATM IV	30.8%	26.8%	40.1%	30.2%	29.0%
Expected Move	7.8%	6.6%	8.9%	8.6%	8.3%
HV 20d	28.3%	23.6%	48.7%	48.7%	24.6%
HV 60d	39.3%	38.2%	41.0%	39.9%	38.3%
IV Rank	22.2%	13.9%	36.7%	19.3%	21.0%
IV Percentile	49.5%	29.4%	86.1%	47.2%	43.7%
Term Structure	7.7%	-5.4%	14.2%	-5.4%	2.0%
VWIV	30.2%	25.5%	33.7%	25.5%	33.7%
Skew 25d	1.3%	-8.2%	8.1%	6.6%	7.8%
Skew 10d	5.4%	-4.9%	22.2%	0.5%	16.0%
Call IV 25d	30.3%	25.2%	45.4%	45.4%	25.8%
Put IV 25d	31.6%	22.8%	52.0%	52.0%	33.5%
Bid-Ask Spread %	96.95	86.94	112.01	109.31	102.43
Gamma HHI	0.15	0.12	0.17	0.17	0.12
Net GEX	3.8K	-10.0K	27.9K	4.8K	27.9K
Net DEX	-1.8M	-2.9M	-1.1M	-1.4M	-2.9M
Net VEX	-8.5K	-10.2K	-6.9K	-10.2K	-8.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.00	6.50	0.00	0.00
Total Volume	59.85	0	224	0	2
Total OI	724.05	539	915	734	896

Daily Data (20 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
2023-12-01	$106.12	$90.00	30.2%	8.6%	48.7%	19.3%	0.0%	6.6%	-5.4%	4.8K	-1.4M	-10.2K	0.00	109.31	N/A	N/A	0	0	456	278
2023-12-04	$107.09	$105.00	35.7%	7.4%	28.5%	28.9%	0.0%	1.3%	3.1%	-1.8K	-1.5M	-9.9K	0.00	111.67	N/A	N/A	0	0	456	278
2023-12-05	$106.56	$105.00	34.9%	6.6%	28.8%	27.6%	0.0%	0.5%	10.2%	-4.2K	-1.4M	-9.9K	0.00	112.01	N/A	N/A	0	0	456	278
2023-12-06	$108.41	$105.00	34.8%	7.2%	28.9%	27.5%	0.0%	7.7%	6.0%	5.8K	-1.6M	-9.9K	0.00	109.56	N/A	N/A	21	0	455	278
2023-12-07	$109.31	$105.00	35.9%	7.6%	28.9%	29.4%	0.0%	-6.5%	8.4%	4.9K	-1.8M	-10.1K	0.00	86.94	N/A	N/A	100	0	476	278
2023-12-08	$109.61	$105.00	31.8%	7.4%	28.0%	22.1%	0.0%	1.3%	11.3%	286	-1.1M	-8.8K	0.00	89.60	N/A	N/A	0	2	406	278
2023-12-11	$109.06	$105.00	35.2%	6.7%	28.1%	28.1%	0.0%	2.9%	14.2%	-4.6K	-1.1M	-8.8K	0.00	90.98	N/A	N/A	0	0	406	278
2023-12-12	$108.98	$105.00	40.1%	8.1%	27.8%	36.7%	0.0%	4.5%	6.7%	-5.0K	-1.1M	-8.7K	0.00	92.69	N/A	N/A	0	0	406	278
2023-12-13	$113.83	$105.00	27.0%	7.8%	23.6%	13.9%	0.0%	-0.1%	12.1%	-2.3K	-1.4M	-8.0K	0.05	93.56	N/A	N/A	107	5	406	278
2023-12-14	$119.16	$105.00	28.6%	8.2%	27.4%	16.6%	25.5%	-8.2%	11.4%	1.1K	-1.7M	-7.8K	0.30	87.20	N/A	N/A	10	3	413	283
2023-12-15	$118.33	$105.00	31.2%	8.9%	26.9%	25.6%	33.3%	-6.9%	9.6%	2.8K	-1.7M	-8.2K	6.50	90.42	N/A	N/A	2	13	423	286
2023-12-18	$120.11	$120.00	27.3%	7.8%	26.9%	17.5%	28.3%	5.6%	8.4%	-202	-1.8M	-7.8K	0.00	92.99	N/A	N/A	0	7	244	295
2023-12-19	$121.72	$120.00	28.2%	8.1%	27.0%	19.2%	28.4%	-0.1%	5.2%	-2.8K	-1.8M	-7.3K	0.56	90.23	N/A	N/A	18	10	244	302
2023-12-20	$121.29	$120.00	30.6%	8.8%	27.2%	24.4%	0.0%	1.7%	6.4%	-10.0K	-1.7M	-7.7K	0.00	94.17	N/A	N/A	199	0	242	311
2023-12-21	$122.52	$120.00	26.9%	7.7%	26.9%	16.4%	31.6%	8.1%	12.1%	624	-1.8M	-8.9K	0.00	97.83	N/A	N/A	196	0	441	311
2023-12-22	$124.27	$115.00	26.9%	7.7%	27.0%	16.6%	0.0%	1.8%	5.7%	4.5K	-2.1M	-7.8K	0.00	95.16	N/A	N/A	224	0	435	311
2023-12-26	$125.71	$115.00	26.9%	7.7%	26.4%	16.6%	0.0%	-1.6%	9.1%	13.0K	-2.4M	-7.3K	0.00	95.80	N/A	N/A	209	0	604	311
2023-12-27	$128.88	$115.00	26.8%	7.7%	26.5%	16.3%	0.0%	1.7%	9.0%	20.7K	-2.7M	-6.9K	0.00	96.29	N/A	N/A	49	0	517	311
2023-12-28	$128.24	$115.00	28.8%	8.3%	26.7%	20.6%	33.7%	-1.7%	7.4%	20.8K	-2.8M	-7.8K	0.00	100.16	N/A	N/A	20	0	565	311
2023-12-29	$127.01	$115.00	29.0%	8.3%	24.6%	21.0%	0.0%	7.8%	2.0%	27.9K	-2.9M	-8.8K	0.00	102.43	N/A	N/A	2	0	585	311