CNR Options History — September 2019

In September 2019, CNR traded between $4.29 and $6.12. ATM implied volatility averaged 62.8%. The 30-day expected move averaged 17.9%. IV traded below realized volatility by 20.5% (HV 20d: 83.2%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.04.

Notable Days

  • 2019-09-09: Highest Volume — 492 contracts
  • 2019-09-17: Largest IV spike — 41.7% change
  • 2019-09-04: Largest Expected Move — 22.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.53$4.29$6.12$4.29$6.06
Max Pain$5.25$5.00$7.50$5.00$5.00
ATM IV62.8%45.3%83.8%73.2%55.5%
Expected Move17.9%13.0%22.8%21.0%15.9%
HV 20d83.2%61.0%131.4%130.9%61.0%
HV 60d97.8%97.3%98.3%98.3%97.3%
Term Structure8.3%-13.9%29.5%-13.9%21.0%
VWIV66.7%48.4%77.3%56.5%58.0%
Skew 25d24.9%8.9%41.4%41.4%8.9%
Skew 10d23.4%6.7%54.8%54.8%6.7%
Call IV 25d87.4%80.3%91.4%90.5%91.4%
Put IV 25d112.3%100.3%131.9%131.9%100.3%
Bid-Ask Spread %56.6313.0990.3980.2415.15
Gamma HHI0.570.470.680.470.66
Net GEX13.9K-9.5K47.7K-1.5K22.4K
Net DEX-683.3K-1.4M272.4K211.8K-897.5K
Net VEX-4.0K-6.0K-2.9K-3.0K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.004.590.000.00
Total Volume97.354492537
Total OI13,455.054,35517,59017,0684,366

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$4.29$5.0073.2%21.0%130.9%0.0%0.0%41.4%-13.9%-1.5K211.8K-3.0K0.0080.24N/AN/A5015,0232,045
2019-09-04$4.37$5.0079.5%22.8%131.4%0.0%0.0%0.0%-7.8%-3.3K272.4K-2.9K0.0073.24N/AN/A4015,0282,045
2019-09-05$4.53$7.5075.6%20.9%102.9%0.0%56.5%24.4%1.0%-5.3K175.2K-3.2K0.9461.84N/AN/A171615,0302,045
2019-09-06$4.58$7.5083.8%22.1%102.3%0.0%77.3%8.9%3.5%-4.5K50.3K-3.5K0.0462.33N/AN/A155615,0252,048
2019-09-09$4.93$5.0079.0%22.7%98.3%0.0%0.0%0.0%3.2%-8.1K-171.0K-4.2K4.5954.71N/AN/A8840415,1772,054
2019-09-10$4.97$5.0075.6%22.4%96.5%0.0%0.0%0.0%-0.8%-9.5K-191.4K-3.9K3.5787.69N/AN/A145015,2052,385
2019-09-11$5.38$5.0072.4%20.7%79.4%0.0%69.3%0.0%0.3%16.1K-845.8K-3.4K0.0461.23N/AN/A74315,1912,390
2019-09-12$5.71$5.0074.4%21.3%81.0%0.0%0.0%0.0%-4.0%8.6K-924.9K-4.3K0.0160.68N/AN/A287215,1382,389
2019-09-13$6.02$5.0059.9%17.2%81.4%0.0%72.8%0.0%-0.1%47.7K-1.4M-6.0K1.4377.54N/AN/A497015,0692,387
2019-09-16$6.12$5.0047.3%13.6%75.0%0.0%74.4%0.0%26.6%21.9K-1.2M-4.5K0.8886.23N/AN/A1049215,0502,362
2019-09-17$6.05$5.0067.1%19.2%74.3%0.0%71.7%0.0%10.0%22.0K-1.1M-4.3K4.0071.75N/AN/A83215,0962,287
2019-09-18$6.07$5.0045.3%13.0%74.1%0.0%61.9%0.0%29.5%21.8K-1.2M-4.5K3.7085.31N/AN/A238515,0882,299
2019-09-19$5.89$5.0050.7%14.5%75.0%0.0%0.0%0.0%18.2%20.7K-1.0M-4.2K1.5090.39N/AN/A4615,0912,304
2019-09-20$5.92$5.0057.1%16.4%74.4%0.0%0.0%0.0%5.9%20.8K-1.0M-4.2K0.0088.63N/AN/A83015,0872,298
2019-09-23$5.98$5.0047.0%13.5%70.3%0.0%0.0%0.0%16.7%21.8K-921.3K-4.0K0.0215.73N/AN/A5114,285169
2019-09-24$5.95$5.0046.2%13.2%67.8%0.0%48.4%0.0%28.9%21.4K-894.1K-4.0K0.0915.45N/AN/A1114,292169
2019-09-25$6.05$5.0049.5%14.2%63.0%0.0%0.0%0.0%27.0%22.2K-920.9K-4.0K0.0016.89N/AN/A10604,283170
2019-09-26$5.88$5.0055.3%15.8%64.6%0.0%0.0%0.0%3.6%20.9K-790.9K-3.6K0.0013.09N/AN/A3704,185170
2019-09-27$5.93$5.0061.4%17.6%61.2%0.0%76.8%0.0%-3.4%21.5K-838.3K-3.6K0.0014.54N/AN/A2204,206170
2019-09-30$6.06$5.0055.5%15.9%61.0%0.0%58.0%0.0%21.0%22.4K-897.5K-3.8K0.0015.15N/AN/A3704,196170