CNNE Options History — September 2018

In September 2018, CNNE traded between $19.50 and $21.77. ATM implied volatility averaged 25.7%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 5.0% (HV 20d: 20.6%). Max pain ranged from $15.00 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.29.

Notable Days

  • 2018-09-18: Highest Volume — 257 contracts
  • 2018-09-27: Largest IV spike — 56.7% change
  • 2018-09-04: Highest IV Rank — 15.0%
  • 2018-09-04: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.59$19.50$21.77$19.50$20.94
Max Pain$21.00$15.00$22.50$15.00$22.50
ATM IV25.7%18.9%31.4%31.4%24.2%
Expected Move7.1%5.4%9.0%9.0%6.9%
HV 20d20.6%16.2%25.3%25.3%21.6%
HV 60d22.4%21.5%23.0%22.5%22.8%
IV Rank8.2%0.0%15.0%15.0%6.4%
IV Percentile30.7%0.5%69.4%69.4%20.1%
Term Structure-1.5%-8.0%10.7%-2.9%1.7%
VWIV32.1%19.7%85.2%85.2%23.0%
Skew 25d1.0%-8.2%28.4%-6.1%-3.4%
Skew 10d8.6%-9.2%101.9%-6.5%6.8%
Call IV 25d25.8%19.4%36.8%36.8%26.3%
Put IV 25d26.8%17.7%52.3%30.7%22.9%
Bid-Ask Spread %117.37108.00122.77122.20112.19
Gamma HHI0.570.480.720.660.49
Net GEX39.5K32.5K50.0K33.9K40.5K
Net DEX-747.0K-1.1M-543.0K-549.1K-668.4K
Net VEX-2.6K-2.7K-2.4K-2.6K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.633.000.792.21
Total Volume195.105140257201167
Total OI865.895802951849837

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-09-04$19.50$15.0031.4%9.0%25.3%15.0%85.2%-6.1%-2.9%33.9K-549.1K-2.6K0.79122.2011289739110
2018-09-05$19.50$15.0024.1%6.9%25.3%6.2%38.9%-4.0%1.1%32.5K-560.9K-2.5K0.99117.149089739110
2018-09-06$19.57$0.0023.6%7.4%23.8%5.7%0.0%3.1%-5.6%39.8K-543.0K-2.5K0.99122.039089739110
2018-09-07$19.67$0.0027.1%6.6%22.1%9.8%0.0%1.7%-6.9%46.1K-572.8K-2.5K0.99118.699089740110
2018-09-10$19.84$0.0030.1%7.1%22.1%13.4%0.0%-6.3%-4.4%42.9K-597.3K-2.5K0.89119.5910089740110
2018-09-11$19.77$0.0029.7%6.2%17.4%13.0%0.0%0.7%-0.4%39.4K-559.2K-2.4K0.89119.8110089760110
2018-09-12$19.87$0.0024.5%7.0%16.2%6.7%0.0%-0.9%-3.4%43.0K-605.0K-2.5K1.10118.598189760110
2018-09-13$20.16$0.0023.6%6.8%16.5%5.7%0.0%1.6%-4.8%50.0K-685.8K-2.5K1.10122.778189760110
2018-09-14$20.89$0.0024.5%7.0%17.6%6.8%0.0%28.4%3.8%36.3K-897.4K-2.6K0.70108.0012789762110
2018-09-17$21.37$0.0023.9%6.9%18.8%6.1%0.0%-8.2%-0.8%41.2K-1.0M-2.7K0.63110.1514289800110
2018-09-18$21.77$0.0019.8%5.7%17.9%1.1%19.7%2.9%3.0%39.9K-1.1M-2.7K0.74113.67148109808110
2018-09-19$21.28$22.5029.3%8.4%20.6%12.4%29.7%-0.2%-8.0%39.4K-1.1M-2.6K0.76117.23144109819130
2018-09-20$21.00$22.5025.0%7.2%21.1%7.3%22.5%-0.6%-2.0%38.5K-1.0M-2.6K0.75117.65145109821130
2018-09-21$21.35$22.5026.3%7.5%21.2%8.9%27.0%-5.7%0.0%36.9K-898.2K-2.7K0.76116.88144109775130
2018-09-24$21.36$22.5026.1%7.5%21.0%8.6%24.6%-3.5%-2.8%35.9K-741.4K-2.6K3.00119.3535105680122
2018-09-25$21.26$22.5026.3%7.5%21.1%8.9%26.6%3.2%0.6%38.8K-701.6K-2.6K3.00117.6935105685122
2018-09-26$20.95$22.5018.9%5.4%21.4%0.0%26.7%4.4%10.7%37.4K-664.7K-2.6K2.09119.3655115685122
2018-09-27$21.10$22.5029.6%8.5%21.2%12.8%29.5%12.0%-7.4%39.0K-667.1K-2.7K2.09117.1255115705132
2018-09-28$20.94$22.5024.2%6.9%21.6%6.4%23.0%-3.4%1.7%40.5K-668.4K-2.7K2.21112.1952115705132