CRS Options History — February 2007

In February 2007, CRS traded between $57.71 and $62.58. ATM implied volatility averaged 30.3%. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 5.7% (HV 20d: 24.7%). Max pain ranged from $47.50 to $55.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 1.01.

Notable Days

  • 2007-02-20: Highest Volume — 15,862 contracts
  • 2007-02-27: Largest IV spike — 20.1% change
  • 2007-02-27: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.77$57.71$62.58$59.71$59.33
Max Pain$49.87$47.50$55.00$55.00$55.00
ATM IV30.3%27.9%34.0%28.9%31.5%
Expected Move8.8%8.0%9.7%8.3%9.0%
HV 20d24.7%20.5%32.1%25.4%32.1%
Term Structure2.6%0.8%4.2%2.1%2.1%
VWIV31.1%28.7%34.3%29.6%32.0%
Skew 25d2.5%1.3%3.7%2.6%1.5%
Skew 10d4.3%2.0%5.7%5.5%2.0%
Call IV 25d29.6%27.2%33.6%28.0%31.2%
Put IV 25d32.1%29.2%37.3%30.6%32.7%
Bid-Ask Spread %12.096.0869.7513.9411.54
Gamma HHI0.220.160.380.170.17
Net GEX2.2M1.2M3.3M2.1M1.6M
Net DEX-102.4M-148.9M-65.0M-109.3M-80.3M
Net VEX-212.9K-258.4K-173.3K-204.6K-258.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.112.370.610.94
Total Volume3,217.0531,00815,8624,4424,514
Total OI47,514.84240,20851,53245,54046,912

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-02-01$59.71$55.0028.9%8.3%25.4%0.0%29.6%2.6%2.1%2.1M-109.3M-204.6K0.6113.94N/AN/A2,7621,68027,46018,080
2007-02-02$58.75$47.5029.3%9.2%25.8%0.0%31.5%3.0%2.8%2.2M-100.0M-217.3K0.876.89N/AN/A1,4101,23228,22218,852
2007-02-05$58.70$47.5030.8%9.2%24.2%0.0%31.2%2.5%3.0%2.2M-99.8M-217.8K0.357.39N/AN/A1,83064628,83219,438
2007-02-06$59.47$47.5029.1%9.0%24.1%0.0%31.5%2.7%2.9%2.5M-107.9M-208.7K1.0810.52N/AN/A51655629,13419,666
2007-02-07$58.73$47.5030.2%9.1%23.9%0.0%31.6%2.4%3.0%2.3M-99.8M-210.0K0.529.18N/AN/A1,13459229,27019,996
2007-02-08$59.15$47.5031.1%8.9%23.0%0.0%32.1%2.8%3.3%2.5M-103.5M-213.2K2.379.13N/AN/A35885029,47820,090
2007-02-09$57.95$47.5031.4%9.0%24.5%0.0%31.7%2.8%3.3%2.1M-88.5M-213.1K1.227.31N/AN/A1,2621,54229,61220,398
2007-02-12$58.15$47.5032.4%9.3%24.0%0.0%32.7%3.5%2.5%2.0M-91.1M-204.7K2.048.15N/AN/A6101,24629,62220,730
2007-02-13$59.48$47.5031.4%9.0%24.7%0.0%32.0%3.1%2.9%2.6M-108.5M-195.2K1.1110.19N/AN/A64871829,69821,004
2007-02-14$59.72$47.5031.1%8.9%24.7%0.0%31.6%2.5%3.1%2.4M-102.2M-204.2K0.607.37N/AN/A1,03861829,76221,154
2007-02-15$60.03$47.5031.4%9.0%23.5%0.0%32.2%2.7%3.1%3.1M-112.6M-189.6K0.538.53N/AN/A1,00853829,69221,192
2007-02-16$60.28$47.5029.7%8.5%23.1%0.0%30.1%2.7%4.2%3.3M-122.4M-179.0K0.5210.21N/AN/A2,0961,08830,09621,436
2007-02-20$61.15$47.5029.7%8.5%22.8%0.0%29.6%2.6%2.3%1.6M-100.7M-173.3K0.116.08N/AN/A14,3421,52024,15816,050
2007-02-21$62.58$47.5029.1%8.4%22.9%0.0%30.0%1.8%2.2%2.3M-148.9M-222.4K0.519.46N/AN/A1,66284631,34616,980
2007-02-22$61.63$55.0028.6%8.2%24.2%0.0%29.4%1.9%1.6%2.1M-101.8M-225.5K0.899.74N/AN/A1,2761,14025,22617,364
2007-02-23$61.63$55.0027.9%8.0%24.1%0.0%28.7%2.0%2.1%2.2M-102.4M-227.3K2.007.47N/AN/A41081825,61217,982
2007-02-26$61.41$55.0028.3%8.1%20.5%0.0%29.2%1.3%2.0%2.2M-100.2M-225.1K1.806.88N/AN/A36064825,69818,234
2007-02-27$57.71$55.0034.0%9.7%31.2%0.0%34.3%3.7%0.8%1.2M-65.0M-255.1K1.1669.75N/AN/A3,5244,08625,79618,510
2007-02-28$59.33$55.0031.5%9.0%32.1%0.0%32.0%1.5%2.1%1.6M-80.3M-258.4K0.9411.54N/AN/A2,3262,18826,97419,938