CSGS Options History — February 2011

In February 2011, CSGS traded between $18.95 and $20.75. ATM implied volatility averaged 27.5%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 3.5% (HV 20d: 24.0%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 6.32.

Notable Days

  • 2011-02-01: Highest Volume — 314 contracts
  • 2011-02-24: Largest IV drop — 30.1% change
  • 2011-02-08: Highest IV Rank — 13.8%
  • 2011-02-08: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.92$18.95$20.75$19.87$19.55
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV27.5%19.7%32.6%29.2%28.9%
Expected Move7.9%5.6%9.6%8.4%8.3%
HV 20d24.0%21.8%26.4%24.2%23.7%
HV 60d20.8%20.0%21.9%20.7%21.8%
IV Rank8.2%0.0%13.8%10.0%10.2%
IV Percentile16.4%0.0%38.1%17.9%20.6%
Term Structure1.2%-2.8%8.7%0.6%-1.0%
VWIV28.1%20.4%33.6%29.2%33.1%
Skew 25d6.1%-7.1%27.9%14.4%-2.9%
Skew 10d8.3%-5.9%39.1%21.2%-5.9%
Call IV 25d27.0%19.8%32.4%31.4%31.0%
Put IV 25d33.2%24.4%55.6%45.8%28.2%
Bid-Ask Spread %108.7194.82147.27107.88108.67
Gamma HHI0.580.430.760.430.43
Net GEX-23.1K-37.8K3.3K3.3K-36.4K
Net DEX446.1K35.5K881.2K35.5K862.3K
Net VEX-4.2K-5.6K-2.4K-2.4K-5.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.320.0021.4321.430.10
Total Volume66.684031431444
Total OI1,534.6321,0461,9261,0461,926

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-02-01$19.87$20.0029.2%8.4%24.2%10.0%29.2%14.4%0.6%3.3K35.5K-2.4K21.43107.88N/AN/A14300617429
2011-02-02$19.86$20.0031.1%8.9%23.7%12.1%0.0%2.3%-2.1%-7.5K269.8K-3.8K0.00111.92N/AN/A00628709
2011-02-03$20.03$20.0031.6%9.0%23.7%12.6%0.0%12.5%-1.4%-7.6K244.1K-3.8K14.00110.17N/AN/A10140628709
2011-02-04$20.17$20.0029.4%8.4%23.8%10.2%0.0%3.3%0.2%-13.4K315.1K-4.5K0.00104.38N/AN/A30638849
2011-02-07$20.56$20.0029.7%8.4%24.5%10.5%0.0%6.0%1.4%-12.4K183.1K-4.4K0.00102.76N/AN/A00639849
2011-02-08$20.75$20.0032.6%9.6%24.5%13.8%33.6%1.3%-2.8%-9.3K80.0K-4.6K0.3594.82N/AN/A15855639849
2011-02-09$20.26$20.0023.2%7.7%26.4%3.2%26.7%4.8%2.7%-25.5K326.2K-4.3K0.00104.13N/AN/A200630894
2011-02-10$20.09$20.0027.4%7.9%26.2%8.0%0.0%2.9%1.7%-25.4K372.2K-4.2K0.00106.53N/AN/A00640894
2011-02-11$20.17$20.0027.2%7.8%25.3%7.7%0.0%1.7%1.4%-28.3K373.9K-4.2K0.00107.31N/AN/A10640894
2011-02-14$20.13$20.0025.7%7.4%25.2%6.0%25.7%-0.0%3.7%-30.4K345.4K-4.1K0.00105.30N/AN/A011641894
2011-02-15$20.00$20.0025.6%7.4%24.1%6.0%0.0%2.7%3.4%-29.6K365.5K-4.0K0.00147.27N/AN/A00641884
2011-02-16$19.76$20.0025.4%7.3%22.1%5.7%0.0%18.9%3.2%-31.2K542.8K-3.8K0.00104.73N/AN/A05641884
2011-02-17$19.84$20.0025.9%7.4%22.1%6.3%0.0%22.4%3.7%-33.3K542.7K-3.7K0.00104.86N/AN/A60641889
2011-02-18$19.79$20.0027.7%7.9%22.0%8.3%0.0%0.1%1.6%-37.8K502.0K-3.8K0.00103.60N/AN/A054641889
2011-02-22$19.51$20.0029.2%8.4%22.9%10.0%0.0%-1.5%-1.9%-21.0K595.8K-3.8K0.00107.15N/AN/A0186598886
2011-02-23$18.95$20.0028.2%8.1%25.1%8.8%0.0%-7.1%-2.5%-25.6K838.2K-4.5K21.00107.10N/AN/A3635981,072
2011-02-24$19.30$20.0019.7%5.6%21.8%0.0%20.4%6.6%8.7%-31.3K881.2K-4.6K0.00115.85N/AN/A01945971,135
2011-02-25$19.81$20.0024.9%7.1%23.8%5.8%0.0%27.9%2.1%-36.5K800.2K-5.6K0.00111.02N/AN/A005971,329
2011-02-28$19.55$20.0028.9%8.3%23.7%10.2%33.1%-2.9%-1.0%-36.4K862.3K-5.5K0.10108.67N/AN/A4045971,329