CIGI Options History — July 2025

In July 2025, CIGI traded between $130.09 and $152.99. ATM implied volatility averaged 32.9%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 8.6% (HV 20d: 24.3%). Max pain ranged from $130.00 to $135.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.38.

Notable Days

  • 2025-07-11: Highest Volume — 501 contracts
  • 2025-07-31: Largest IV drop — 51.4% change
  • 2025-07-30: Highest IV Rank — 54.7%
  • 2025-07-30: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.80$130.09$152.99$131.54$152.99
Max Pain$130.75$130.00$135.00$130.00$135.00
ATM IV32.9%19.9%40.9%26.6%19.9%
Expected Move9.6%5.7%11.7%7.6%5.7%
HV 20d24.3%20.2%32.2%21.9%32.2%
HV 60d28.9%25.6%37.8%37.8%29.6%
IV Rank37.4%9.2%54.7%23.8%9.2%
IV Percentile63.4%5.2%82.9%48.0%5.2%
Term Structure-5.8%-12.9%6.7%5.9%0.4%
VWIV34.4%21.1%44.1%26.8%21.1%
Skew 25d3.0%-11.8%16.0%-11.8%-0.2%
Skew 10d2.2%-16.1%12.3%-16.1%1.3%
Call IV 25d29.8%18.7%42.3%31.1%27.4%
Put IV 25d32.8%19.3%39.1%19.3%27.2%
Bid-Ask Spread %105.00102.15113.03113.03108.88
Gamma HHI0.630.360.950.430.95
Net GEX103.3K-23.8K228.3K-21.6K228.3K
Net DEX-1.9M-5.4M172.4K123.3K-5.4M
Net VEX-11.3K-17.6K-1.6K-2.2K-16.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.003.000.000.00
Total Volume25.636050107
Total OI481.182155684155684

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$131.54$0.0026.6%7.6%21.9%23.8%0.0%-11.8%5.9%-21.6K123.3K-2.2K0.00113.03N/AN/A0039116
2025-07-02$130.10$0.0025.6%7.3%22.6%21.6%0.0%0.6%6.7%-23.8K172.4K-2.2K0.00112.08N/AN/A1039116
2025-07-03$133.04$130.0024.8%8.6%22.7%20.0%26.8%3.8%-3.6%-18.4K116.1K-2.2K0.00105.66N/AN/A1040116
2025-07-07$130.09$130.0028.7%9.7%24.0%28.4%0.0%16.0%-5.5%-22.4K159.3K-2.1K0.00104.77N/AN/A0041116
2025-07-08$131.38$130.0029.2%9.1%24.1%29.3%32.0%-0.0%-4.6%-19.9K157.5K-2.1K0.00104.66N/AN/A2041116
2025-07-09$131.91$130.0032.1%9.2%23.8%35.7%0.0%4.0%-4.8%-22.1K74.5K-1.8K0.00106.55N/AN/A0039116
2025-07-10$135.01$130.0032.1%9.2%24.9%35.6%35.1%4.2%-3.1%-15.9K-22.5K-1.6K0.00103.92N/AN/A1039116
2025-07-11$134.16$130.0033.7%9.7%25.1%39.2%32.9%1.0%-6.4%-17.1K18.4K-1.7K0.00104.34N/AN/A500140116
2025-07-14$135.40$130.0034.7%9.9%24.9%41.3%36.2%8.7%-7.6%136.1K-2.1M-15.8K0.00104.54N/AN/A01539117
2025-07-15$133.34$130.0034.9%10.0%23.3%41.8%35.0%6.6%-7.3%121.0K-2.0M-15.1K0.33105.77N/AN/A31539118
2025-07-16$136.55$130.0036.0%10.3%24.1%44.1%29.1%5.1%-6.1%141.5K-2.2M-15.6K0.00103.88N/AN/A01542119
2025-07-17$138.99$130.0034.3%9.8%24.2%40.4%0.0%5.6%-6.9%161.3K-2.6M-16.1K0.00102.55N/AN/A00542120
2025-07-18$138.08$130.0033.9%9.7%24.4%39.6%34.8%4.5%-8.5%164.7K-2.7M-16.8K0.00103.26N/AN/A01542120
2025-07-21$139.56$130.0034.8%10.0%24.4%41.7%29.5%3.3%-9.3%169.7K-2.9M-17.0K0.00102.68N/AN/A10542121
2025-07-22$140.43$130.0036.3%10.4%23.8%44.7%33.5%4.1%-7.7%179.6K-3.1M-17.0K0.00102.87N/AN/A02543121
2025-07-23$139.80$130.0035.1%10.1%23.6%42.1%36.1%-2.4%-6.8%180.0K-2.8M-16.8K0.00103.24N/AN/A01543123
2025-07-24$141.58$130.0036.3%10.4%20.2%44.7%39.9%8.8%-6.5%177.0K-3.2M-17.2K3.00103.15N/AN/A13543124
2025-07-25$143.03$130.0034.4%9.9%20.3%40.8%41.4%8.8%-7.7%183.9K-3.2M-16.6K0.00102.15N/AN/A02544126
2025-07-28$140.18$130.0040.2%11.5%22.1%53.1%40.2%7.5%-12.9%190.3K-3.0M-16.5K0.17104.75N/AN/A234544128
2025-07-29$148.25$135.0038.9%11.1%28.9%50.4%44.1%-3.1%-11.4%203.5K-4.3M-17.6K0.00103.02N/AN/A02545132
2025-07-30$146.27$135.0040.9%11.7%29.7%54.7%36.9%-8.8%-12.9%196.1K-4.1M-17.5K0.67104.25N/AN/A32545134
2025-07-31$152.99$135.0019.9%5.7%32.2%9.2%21.1%-0.2%0.4%228.3K-5.4M-16.7K0.00108.88N/AN/A70548136