CSGS Options History — February 2007

Name: CSGS Options Analytics - February 2007
Creator: Options Analysis Suite

In February 2007, CSGS traded between $24.34 and $25.63. ATM implied volatility averaged 22.5%. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 1.6% (HV 20d: 24.1%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 1.60.

Notable Days

2007-02-16: Highest Volume — 787 contracts
2007-02-08: Largest IV drop — 9.3% change
2007-02-01: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.07	$24.34	$25.63	$25.28	$24.66
Max Pain	$23.29	$22.50	$25.00	$25.00	$22.50
ATM IV	22.5%	20.3%	25.1%	23.5%	22.4%
Expected Move	6.4%	5.8%	6.7%	6.7%	6.4%
HV 20d	24.1%	17.5%	26.6%	25.0%	23.2%
Term Structure	0.7%	-1.0%	2.1%	-0.8%	0.8%
VWIV	21.8%	16.0%	30.3%	23.5%	23.4%
Skew 25d	2.9%	1.9%	3.4%	3.3%	3.2%
Skew 10d	5.0%	3.8%	5.8%	5.6%	5.3%
Call IV 25d	21.3%	20.5%	22.0%	21.3%	21.5%
Put IV 25d	24.1%	23.4%	24.9%	24.5%	24.7%
Bid-Ask Spread %	22.65	10.39	68.03	15.52	21.30
Gamma HHI	0.35	0.28	0.40	0.38	0.29
Net GEX	224.4K	194.1K	265.6K	236.1K	194.7K
Net DEX	-8.5M	-10.3M	-7.0M	-8.9M	-7.6M
Net VEX	-75.4K	-77.3K	-72.6K	-75.4K	-74.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.60	0.00	7.69	0.33	5.60
Total Volume	103.947	0	787	40	0
Total OI	12,057.421	11,752	12,518	11,890	11,758

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2007-02-01	$25.28	$25.00	23.5%	6.7%	25.0%	0.0%	23.5%	3.3%	-0.8%	236.1K	-8.9M	-75.4K	0.33	15.52	N/A	N/A	30	10	7,919	3,971
2007-02-02	$25.15	$25.00	22.5%	6.4%	24.0%	0.0%	21.4%	3.2%	1.3%	228.5K	-8.5M	-75.9K	0.00	27.52	N/A	N/A	0	196	7,924	3,981
2007-02-05	$24.50	$25.00	24.3%	6.5%	25.2%	0.0%	22.7%	3.0%	0.5%	223.9K	-7.0M	-73.3K	2.87	21.96	N/A	N/A	47	135	7,924	3,981
2007-02-06	$24.68	$25.00	25.1%	6.6%	25.5%	0.0%	19.3%	2.8%	0.1%	226.2K	-7.3M	-76.1K	0.00	27.85	N/A	N/A	27	0	7,952	4,087
2007-02-07	$24.84	$25.00	24.8%	6.4%	25.5%	0.0%	22.8%	2.8%	0.3%	240.8K	-7.6M	-75.6K	1.37	27.86	N/A	N/A	110	151	7,979	4,067
2007-02-08	$25.15	$25.00	22.5%	6.4%	26.0%	0.0%	23.4%	3.4%	0.7%	240.2K	-8.6M	-76.5K	0.16	27.99	N/A	N/A	128	20	8,089	4,208
2007-02-09	$24.72	$22.50	23.0%	6.6%	26.6%	0.0%	16.0%	3.3%	0.7%	245.3K	-7.8M	-76.4K	1.08	27.96	N/A	N/A	60	65	8,187	4,201
2007-02-12	$24.72	$22.50	22.8%	6.5%	25.4%	0.0%	22.8%	2.1%	0.5%	248.2K	-7.8M	-77.3K	0.10	29.20	N/A	N/A	10	1	8,232	4,206
2007-02-13	$25.06	$22.50	22.7%	6.5%	25.8%	0.0%	0.0%	2.8%	0.7%	262.4K	-8.7M	-75.3K	0.00	10.39	N/A	N/A	5	0	8,222	4,206
2007-02-14	$25.07	$22.50	22.5%	6.5%	25.6%	0.0%	20.3%	3.0%	1.0%	265.6K	-8.7M	-75.3K	7.69	13.66	N/A	N/A	13	100	8,217	4,206
2007-02-15	$25.38	$22.50	22.8%	6.5%	25.0%	0.0%	22.8%	2.7%	0.6%	253.3K	-9.9M	-76.4K	0.00	12.36	N/A	N/A	5	0	8,212	4,306
2007-02-16	$25.49	$22.50	21.1%	6.1%	25.0%	0.0%	17.6%	2.6%	2.1%	225.1K	-10.3M	-75.1K	0.00	12.50	N/A	N/A	787	0	8,209	4,306
2007-02-20	$25.16	$22.50	20.5%	5.9%	25.4%	0.0%	20.5%	2.9%	1.5%	195.1K	-8.6M	-75.9K	5.60	17.28	N/A	N/A	5	28	7,873	3,879
2007-02-21	$25.63	$22.50	20.3%	5.8%	26.3%	0.0%	20.3%	2.7%	1.7%	195.8K	-9.4M	-75.5K	0.00	15.33	N/A	N/A	0	6	7,874	3,883
2007-02-22	$25.58	$22.50	20.4%	5.8%	19.2%	0.0%	0.0%	2.6%	1.3%	194.1K	-9.2M	-75.1K	0.00	18.12	N/A	N/A	0	0	7,874	3,884
2007-02-23	$25.51	$22.50	20.9%	6.0%	18.7%	0.0%	0.0%	1.9%	0.6%	194.9K	-9.3M	-75.4K	0.00	17.79	N/A	N/A	0	0	7,874	3,884
2007-02-26	$25.35	$22.50	22.1%	6.3%	17.5%	0.0%	30.3%	3.0%	-0.4%	198.5K	-8.8M	-73.9K	0.00	17.77	N/A	N/A	0	30	7,874	3,884
2007-02-27	$24.34	$22.50	23.4%	6.7%	23.0%	0.0%	23.4%	3.1%	-1.0%	195.8K	-7.1M	-72.6K	0.00	68.03	N/A	N/A	0	6	7,874	3,884
2007-02-28	$24.66	$22.50	22.4%	6.4%	23.2%	0.0%	0.0%	3.2%	0.8%	194.7K	-7.6M	-74.8K	0.00	21.30	N/A	N/A	0	0	7,874	3,884