CIGI Options History — May 2025

In May 2025, CIGI traded between $118.16 and $129.30. ATM implied volatility averaged 32.0%, placing in the 35.4% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 4.5% (HV 20d: 36.4%). Max pain ranged from $125.00 to $125.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.75.

Notable Days

  • 2025-05-07: Highest Volume — 171 contracts
  • 2025-05-14: Largest IV drop — 47.9% change
  • 2025-05-13: Highest IV Rank — 78.6%
  • 2025-05-02: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$122.93$118.16$129.30$119.89$120.86
Max Pain$125.00$125.00$125.00$125.00$125.00
ATM IV32.0%22.6%51.9%45.7%25.6%
Expected Move7.8%6.4%13.9%13.1%7.3%
HV 20d36.4%27.6%58.0%58.0%33.1%
HV 60d40.8%39.3%42.5%42.5%41.5%
IV Rank35.4%15.0%78.6%65.0%21.6%
IV Percentile53.8%19.0%98.4%91.7%40.5%
Term Structure0.7%-13.3%5.4%-10.5%-0.2%
Skew 25d2.0%-6.2%22.5%22.5%-6.2%
Skew 10d-1.3%-14.7%27.6%-10.5%-4.4%
Call IV 25d29.9%23.4%42.6%34.2%31.7%
Put IV 25d31.9%24.7%56.7%56.7%25.5%
Bid-Ask Spread %107.7094.93113.0098.91109.68
Gamma HHI0.650.460.850.740.65
Net GEX-44.0K-88.1K-22.0K-36.0K-23.7K
Net DEX520.8K228.6K909.0K650.2K390.5K
Net VEX-2.4K-3.2K-1.1K-1.5K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.003.003.000.00
Total Volume9.143017100
Total OI175.952119243172128

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$119.89$125.0045.7%13.1%58.0%65.0%0.0%22.5%-10.5%-36.0K650.2K-1.5K0.0098.91N/AN/A0066106
2025-05-02$121.31$125.0048.4%13.9%53.3%70.8%0.0%9.0%-13.3%-42.8K615.6K-1.5K0.00102.14N/AN/A0066106
2025-05-05$121.48$0.0045.8%10.1%52.1%65.2%0.0%10.7%-0.6%-50.3K608.7K-1.4K0.0094.93N/AN/A0066106
2025-05-06$118.16$0.0034.2%8.3%51.7%40.2%0.0%4.3%1.6%-53.3K804.3K-1.1K3.00103.46N/AN/A1366106
2025-05-07$120.85$0.0032.6%7.7%49.0%36.8%0.0%-1.3%3.6%-62.5K808.2K-1.1K0.00104.99N/AN/A017165110
2025-05-08$122.95$0.0037.1%7.3%35.1%46.4%0.0%0.7%3.2%-73.8K909.0K-3.2K0.00107.72N/AN/A0065177
2025-05-09$123.62$0.0035.1%7.1%27.7%42.1%0.0%1.9%5.4%-88.1K861.7K-3.1K0.00110.02N/AN/A0065177
2025-05-12$129.06$0.0048.3%6.6%30.6%70.8%0.0%3.1%4.4%-71.8K450.3K-2.8K0.00109.31N/AN/A0065177
2025-05-13$129.30$0.0051.9%6.4%29.8%78.6%0.0%-2.7%3.3%-68.9K404.3K-2.7K0.00107.23N/AN/A1065177
2025-05-14$126.59$0.0027.1%7.8%31.1%24.8%0.0%0.3%4.9%-65.5K615.5K-2.8K0.00105.45N/AN/A0066177
2025-05-15$128.41$0.0022.6%6.5%30.8%15.1%0.0%0.2%0.2%-82.8K496.6K-2.7K0.00108.09N/AN/A0066177
2025-05-16$127.12$0.0022.7%6.5%31.2%15.4%0.0%2.0%2.4%-22.0K228.6K-2.5K0.00110.74N/AN/A1066177
2025-05-19$124.66$0.0022.6%6.5%28.6%15.0%0.0%-5.4%5.1%-23.7K316.2K-2.5K0.00112.09N/AN/A002297
2025-05-20$125.75$0.0023.2%6.6%27.6%16.4%0.0%-0.5%0.4%-22.2K337.6K-2.5K0.00110.19N/AN/A1002297
2025-05-21$120.22$0.0026.6%7.6%32.0%23.8%0.0%0.5%2.9%-22.6K379.0K-2.7K0.00108.47N/AN/A053297
2025-05-22$119.12$0.0024.3%7.0%32.1%18.7%0.0%-3.6%3.4%-23.5K437.9K-2.6K0.00110.94N/AN/A003296
2025-05-23$118.62$0.0024.5%7.0%31.6%19.2%0.0%1.0%1.0%-22.9K455.0K-2.6K0.00111.05N/AN/A003296
2025-05-27$122.56$0.0024.5%7.0%33.0%19.3%0.0%3.2%-4.7%-22.5K376.6K-2.5K0.00111.46N/AN/A003296
2025-05-28$120.93$0.0023.4%6.7%33.4%16.8%0.0%-0.5%4.2%-23.1K383.2K-2.5K0.00113.00N/AN/A003296
2025-05-29$120.08$0.0025.3%7.3%33.5%21.1%0.0%3.3%-3.0%-22.8K407.5K-2.5K0.00111.81N/AN/A003296
2025-05-30$120.86$0.0025.6%7.3%33.1%21.6%0.0%-6.2%-0.2%-23.7K390.5K-2.5K0.00109.68N/AN/A003296