CSGS Options History — October 2012

In October 2012, CSGS traded between $20.61 and $22.85. ATM implied volatility averaged 39.9%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 16.1% (HV 20d: 23.8%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2012-10-26: Highest Volume — 117 contracts
2012-10-19: Largest IV spike — 173.0% change
2012-10-19: Highest IV Rank — 45.8%
2012-10-19: Largest Expected Move — 25.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.03	$20.61	$22.85	$22.70	$20.61
Max Pain	$22.50	$22.50	$22.50	$22.50	$22.50
ATM IV	39.9%	18.3%	90.1%	70.3%	47.3%
Expected Move	12.2%	5.2%	25.8%	20.1%	13.6%
HV 20d	23.8%	17.2%	28.5%	28.5%	18.5%
HV 60d	30.2%	29.7%	30.7%	30.2%	30.1%
IV Rank	14.5%	1.1%	45.8%	33.4%	19.1%
IV Percentile	45.9%	0.8%	92.9%	88.9%	80.2%
Term Structure	-2.7%	-75.6%	45.1%	40.7%	-13.4%
VWIV	28.4%	23.9%	34.1%	27.6%	32.0%
Skew 25d	13.6%	-50.0%	98.0%	93.3%	46.1%
Skew 10d	31.1%	-62.3%	116.4%	103.5%	116.4%
Call IV 25d	38.3%	19.5%	113.1%	37.6%	32.5%
Put IV 25d	51.9%	23.2%	135.6%	131.0%	78.6%
Bid-Ask Spread %	151.85	133.15	172.43	157.45	164.38
Gamma HHI	0.50	0.33	0.69	0.50	0.33
Net GEX	2.4K	-6.3K	14.5K	14.5K	2.5K
Net DEX	-19.8K	-175.7K	104.9K	-175.7K	60.8K
Net VEX	-423	-573	-270	-457	-503
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.01	0.00	0.00
Total Volume	16.333	0	117	61	2
Total OI	249	202	342	243	334

Daily Data (21 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
2012-10-01	$22.70	$22.50	70.3%	20.1%	28.5%	33.4%	27.6%	93.3%	40.7%	14.5K	-175.7K	-457	0.00	157.45	N/A	N/A	61	0	207	36
2012-10-02	$22.65	$22.50	71.5%	20.5%	28.4%	34.2%	0.0%	98.0%	45.1%	8.6K	-121.4K	-338	0.00	157.70	N/A	N/A	0	0	166	36
2012-10-03	$22.70	$22.50	18.3%	5.2%	28.4%	1.1%	0.0%	6.2%	5.4%	8.9K	-125.0K	-302	0.00	150.40	N/A	N/A	0	0	166	36
2012-10-04	$22.85	$22.50	23.9%	6.8%	28.3%	4.6%	23.9%	17.5%	14.7%	9.1K	-128.6K	-305	0.00	138.16	N/A	N/A	1	0	166	36
2012-10-05	$22.76	$0.00	23.0%	13.1%	24.5%	4.0%	0.0%	7.0%	-2.0%	8.7K	-125.6K	-321	0.00	155.50	N/A	N/A	0	0	166	36
2012-10-08	$22.65	$0.00	26.4%	11.3%	23.8%	6.1%	0.0%	23.2%	-4.2%	8.3K	-118.8K	-290	0.00	139.67	N/A	N/A	0	0	166	36
2012-10-09	$22.32	$0.00	26.5%	11.0%	24.3%	6.2%	0.0%	-2.0%	-6.5%	7.6K	-109.3K	-279	0.00	148.41	N/A	N/A	0	0	166	36
2012-10-10	$22.35	$0.00	23.9%	9.1%	24.2%	4.5%	29.1%	6.1%	3.9%	7.4K	-100.2K	-270	0.00	147.53	N/A	N/A	0	100	166	36
2012-10-11	$22.22	$22.50	29.1%	8.3%	23.2%	7.8%	0.0%	3.9%	1.7%	-1.3K	-4.5K	-536	0.00	135.37	N/A	N/A	0	0	166	136
2012-10-12	$21.72	$22.50	25.0%	7.2%	23.6%	5.3%	0.0%	-50.0%	1.5%	-3.6K	29.2K	-545	0.00	144.17	N/A	N/A	0	0	166	136
2012-10-15	$21.77	$22.50	31.4%	9.0%	23.7%	9.2%	0.0%	-5.1%	0.5%	-2.3K	49.9K	-503	0.00	143.40	N/A	N/A	0	0	166	136
2012-10-16	$22.17	$22.50	29.0%	8.3%	24.7%	7.7%	34.1%	3.6%	8.7%	-685	11.8K	-515	0.00	147.60	N/A	N/A	0	12	166	136
2012-10-17	$22.47	$22.50	58.8%	16.9%	24.9%	26.3%	0.0%	0.8%	-28.1%	6.2K	5.1K	-523	0.00	172.43	N/A	N/A	0	0	166	137
2012-10-18	$22.32	$22.50	33.0%	9.5%	24.8%	10.2%	23.9%	2.2%	-0.7%	1.7K	15.2K	-479	0.00	133.15	N/A	N/A	49	0	166	137
2012-10-19	$21.79	$22.50	90.1%	25.8%	26.0%	45.8%	0.0%	49.4%	-32.2%	-1.0K	27.2K	-573	0.00	171.67	N/A	N/A	0	0	205	137
2012-10-22	$21.53	$22.50	29.9%	8.6%	26.2%	8.3%	0.0%	-4.7%	-3.0%	-6.2K	57.0K	-466	0.00	145.37	N/A	N/A	0	0	85	131
2012-10-23	$21.41	$22.50	64.8%	18.6%	20.3%	30.0%	0.0%	-3.5%	-75.6%	-2.2K	52.4K	-482	0.00	168.92	N/A	N/A	0	0	85	131
2012-10-24	$21.20	$22.50	52.0%	14.9%	19.1%	22.0%	27.9%	4.0%	-26.7%	-4.4K	86.3K	-425	0.00	165.26	N/A	N/A	0	1	85	131
2012-10-25	$21.29	$22.50	22.5%	6.4%	17.4%	3.7%	0.0%	-0.1%	8.5%	-5.8K	93.6K	-399	0.00	163.12	N/A	N/A	0	0	85	132
2012-10-26	$21.17	$22.50	42.1%	12.1%	17.2%	15.9%	32.0%	-9.5%	4.4%	-6.3K	104.9K	-378	0.01	139.27	N/A	N/A	116	1	85	132
2012-10-31	$20.61	$22.50	47.3%	13.6%	18.5%	19.1%	0.0%	46.1%	-13.4%	2.5K	60.8K	-503	0.00	164.38	N/A	N/A	2	0	201	133