CIGI Options History — January 2025

In January 2025, CIGI traded between $127.77 and $143.92. ATM implied volatility averaged 33.9%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 7.1% (HV 20d: 26.8%). Max pain ranged from $135.00 to $145.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.18.

Notable Days

  • 2025-01-10: Highest Volume — 10 contracts
  • 2025-01-10: Largest IV spike — 40.0% change
  • 2025-01-14: Highest IV Rank — 66.3%
  • 2025-01-29: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.59$127.77$143.92$133.98$142.70
Max Pain$137.00$135.00$145.00$145.00$135.00
ATM IV33.9%23.0%50.5%25.4%39.0%
Expected Move9.6%6.6%11.3%7.3%11.2%
HV 20d26.8%21.2%32.3%21.2%29.3%
HV 60d26.5%24.3%28.2%24.7%27.4%
IV Rank34.8%14.1%66.3%18.6%44.4%
IV Percentile64.0%21.4%97.6%35.3%81.3%
Term Structure-3.2%-8.7%7.3%1.6%-8.7%
VWIV35.7%29.9%44.9%29.9%44.9%
Skew 25d-1.1%-7.6%7.5%-0.5%2.8%
Skew 10d1.4%-16.6%27.5%1.4%27.5%
Call IV 25d34.7%26.6%39.5%32.9%35.6%
Put IV 25d33.6%23.7%39.1%32.3%38.4%
Bid-Ask Spread %104.23101.93115.22112.36104.41
Gamma HHI0.180.150.210.150.15
Net GEX20.0K8.7K32.2K10.8K25.9K
Net DEX-202.0K-501.7K145.2K35.4K-359.1K
Net VEX-2.3K-2.7K-1.9K-2.4K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.000.670.000.00
Total Volume2.201000
Total OI215.75209224210224

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$133.98$145.0025.4%7.3%21.2%18.6%0.0%-0.5%1.6%10.8K35.4K-2.4K0.00112.36N/AN/A0015357
2025-01-03$136.12$145.0023.0%6.6%22.2%14.1%0.0%-2.3%7.3%11.9K18.5K-2.3K0.00115.22N/AN/A0015357
2025-01-06$136.66$140.0027.1%9.0%22.4%21.8%0.0%-4.5%0.4%12.7K-33.9K-2.4K0.00103.32N/AN/A0015357
2025-01-07$135.22$140.0025.4%9.4%22.4%18.7%0.0%-7.6%-2.1%11.3K36.0K-2.3K0.00103.29N/AN/A2015357
2025-01-08$135.01$140.0023.9%9.4%22.2%15.8%0.0%-6.3%-2.9%13.5K-41.2K-2.4K0.00103.05N/AN/A0015557
2025-01-10$130.93$140.0033.5%9.5%23.8%34.0%29.9%-3.8%-1.7%8.7K112.0K-2.0K0.00101.93N/AN/A10015557
2025-01-13$128.39$135.0046.6%9.6%23.3%59.0%0.0%-0.9%-1.0%11.1K145.2K-1.9K0.00102.01N/AN/A0016557
2025-01-14$127.77$135.0050.5%10.0%23.3%66.3%0.0%-3.3%-2.4%11.6K37.6K-1.9K0.00102.77N/AN/A0016547
2025-01-15$135.05$135.0034.5%9.9%31.5%36.0%0.0%4.5%-5.4%19.0K-153.1K-2.2K0.00101.94N/AN/A1016547
2025-01-16$137.28$135.0033.3%9.6%32.3%33.7%0.0%-6.1%-1.9%23.3K-233.2K-2.2K0.00102.42N/AN/A0016647
2025-01-17$137.73$135.0033.2%9.5%32.1%33.4%0.0%-1.5%-4.6%20.7K-249.0K-2.2K0.00102.61N/AN/A0016647
2025-01-21$140.06$135.0032.9%9.4%28.5%32.9%0.0%7.4%-2.6%26.0K-405.0K-2.3K0.67102.73N/AN/A6416247
2025-01-22$140.63$135.0034.3%9.8%28.1%35.5%0.0%-4.4%-4.9%26.0K-387.5K-2.5K0.00103.56N/AN/A0016651
2025-01-23$142.02$135.0032.8%9.4%28.2%32.8%32.7%0.4%-5.3%27.9K-438.9K-2.5K0.40103.01N/AN/A5216651
2025-01-24$140.84$135.0034.8%10.0%28.4%36.4%0.0%-0.8%-5.8%27.8K-408.9K-2.5K0.00103.64N/AN/A0017153
2025-01-27$143.87$135.0034.4%9.9%29.2%35.7%35.2%0.6%-2.8%32.2K-501.7K-2.7K0.40102.57N/AN/A5217153
2025-01-28$143.92$135.0037.0%10.6%29.2%40.6%0.0%7.5%-7.8%28.2K-453.7K-2.5K0.00104.53N/AN/A3016655
2025-01-29$141.17$135.0039.4%11.3%29.3%45.3%0.0%-1.1%-6.4%24.5K-352.5K-2.3K0.00103.03N/AN/A3016555
2025-01-30$142.54$135.0037.2%10.7%29.4%41.1%44.9%-2.2%-6.8%26.8K-406.1K-2.4K0.00106.23N/AN/A0116855
2025-01-31$142.70$135.0039.0%11.2%29.3%44.4%0.0%2.8%-8.7%25.9K-359.1K-2.5K0.00104.41N/AN/A0016856