CIGI Options History — February 2025

In February 2025, CIGI traded between $124.78 and $145.00. ATM implied volatility averaged 29.0%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 8.7% (HV 20d: 37.7%). Max pain ranged from $130.00 to $140.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 10.31.

Notable Days

2025-02-21: Highest Volume — 79 contracts
2025-02-06: Largest IV drop — 43.1% change
2025-02-05: Highest IV Rank — 55.3%
2025-02-05: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$132.07	$124.78	$145.00	$139.69	$128.79
Max Pain	$131.32	$130.00	$140.00	$135.00	$130.00
ATM IV	29.0%	23.3%	44.7%	42.3%	25.9%
Expected Move	8.1%	6.5%	12.8%	12.1%	7.4%
HV 20d	37.7%	30.1%	42.9%	30.1%	37.5%
HV 60d	30.8%	27.3%	32.4%	27.5%	30.3%
IV Rank	28.4%	14.7%	55.3%	50.8%	23.5%
IV Percentile	48.7%	22.6%	92.9%	89.7%	42.9%
Term Structure	-0.4%	-11.8%	7.7%	-11.6%	-2.0%
VWIV	38.6%	27.3%	49.8%	49.8%	27.3%
Skew 25d	1.6%	-3.5%	5.8%	-0.4%	3.0%
Skew 10d	4.0%	-6.7%	13.8%	5.1%	5.6%
Call IV 25d	30.8%	23.0%	48.9%	46.9%	32.5%
Put IV 25d	32.5%	23.8%	47.8%	46.5%	35.5%
Bid-Ask Spread %	107.27	102.94	111.31	104.50	109.06
Gamma HHI	0.35	0.14	0.70	0.16	0.65
Net GEX	-4.1K	-26.9K	29.5K	21.5K	-24.7K
Net DEX	49.3K	-505.0K	439.8K	-245.4K	367.5K
Net VEX	-1.9K	-2.9K	-869	-2.1K	-2.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.31	0.00	78.00	3.33	0.00
Total Volume	6.947	0	79	0	0
Total OI	216.105	147	248	224	161

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
2025-02-03	$139.69	$135.00	42.3%	12.1%	30.1%	50.8%	0.0%	-0.4%	-11.6%	21.5K	-245.4K	-2.1K	0.00	104.50	N/A	N/A	0	0	168	56
2025-02-04	$143.46	$135.00	44.4%	12.7%	31.0%	54.7%	49.8%	0.7%	-11.7%	25.9K	-395.8K	-2.2K	3.33	102.94	N/A	N/A	3	10	168	56
2025-02-05	$145.00	$135.00	44.7%	12.8%	31.1%	55.3%	0.0%	-2.0%	-11.8%	29.5K	-505.0K	-2.4K	0.00	103.69	N/A	N/A	0	0	171	66
2025-02-06	$133.78	$140.00	25.4%	6.5%	42.8%	18.6%	27.3%	3.2%	5.3%	-3.0K	81.6K	-1.4K	0.11	105.56	N/A	N/A	18	2	171	66
2025-02-07	$134.25	$130.00	23.3%	6.9%	42.9%	14.7%	0.0%	3.3%	3.3%	-841	5.6K	-1.7K	0.00	108.42	N/A	N/A	1	0	179	68
2025-02-10	$135.83	$130.00	31.3%	7.1%	41.5%	35.7%	0.0%	-3.5%	5.1%	13.5K	-61.7K	-1.6K	0.00	107.01	N/A	N/A	1	0	180	68
2025-02-11	$133.69	$130.00	28.7%	6.5%	41.3%	29.8%	0.0%	3.6%	6.8%	2.6K	33.3K	-1.6K	0.00	107.32	N/A	N/A	0	0	180	68
2025-02-12	$129.85	$130.00	25.3%	7.3%	42.7%	22.0%	0.0%	4.2%	2.1%	5.3K	-28.8K	-1.6K	0.00	107.14	N/A	N/A	0	0	180	58
2025-02-13	$131.44	$130.00	26.3%	7.5%	37.8%	24.3%	0.0%	3.9%	-0.5%	769	-32.0K	-1.4K	0.00	108.93	N/A	N/A	2	0	180	55
2025-02-14	$131.69	$130.00	23.3%	6.7%	37.3%	17.4%	0.0%	1.0%	7.7%	5.8K	-69.2K	-1.4K	0.00	108.01	N/A	N/A	0	0	182	55
2025-02-18	$130.59	$130.00	24.6%	7.0%	37.3%	20.3%	0.0%	-1.0%	4.7%	-6.8K	8.7K	-1.1K	0.00	109.17	N/A	N/A	0	0	182	55
2025-02-19	$131.77	$130.00	25.2%	7.2%	36.8%	21.8%	0.0%	4.4%	3.5%	-9.0K	-10.5K	-985	1.00	109.61	N/A	N/A	1	1	182	55
2025-02-20	$128.15	$130.00	23.5%	6.7%	37.8%	17.9%	0.0%	1.6%	-2.1%	-23.9K	74.1K	-1.1K	0.00	107.76	N/A	N/A	0	0	183	56
2025-02-21	$125.22	$130.00	24.8%	7.1%	37.9%	20.9%	0.0%	2.5%	0.2%	-11.6K	84.8K	-869	78.00	109.16	N/A	N/A	1	78	183	45
2025-02-24	$124.78	$130.00	27.2%	7.8%	37.9%	26.4%	0.0%	0.8%	-2.7%	-24.8K	399.8K	-2.5K	0.00	111.31	N/A	N/A	0	13	56	91
2025-02-25	$127.09	$130.00	24.0%	6.9%	37.6%	19.2%	0.0%	-1.0%	5.0%	-26.2K	439.8K	-2.8K	0.00	107.29	N/A	N/A	1	0	56	104
2025-02-26	$126.91	$130.00	29.5%	8.4%	37.6%	31.4%	0.0%	1.0%	-4.4%	-26.9K	403.0K	-2.9K	0.00	107.21	N/A	N/A	0	0	57	104
2025-02-27	$127.38	$130.00	30.8%	8.8%	37.4%	34.4%	0.0%	5.8%	-3.7%	-24.6K	387.8K	-2.9K	0.00	104.05	N/A	N/A	0	0	57	104
2025-02-28	$128.79	$130.00	25.9%	7.4%	37.5%	23.5%	0.0%	3.0%	-2.0%	-24.7K	367.5K	-2.9K	0.00	109.06	N/A	N/A	0	0	57	104