CSGS Options History — May 2018

In May 2018, CSGS traded between $39.12 and $43.52. ATM implied volatility averaged 23.8%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 4.6% (HV 20d: 28.4%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.05.

Notable Days

  • 2018-05-07: Highest Volume — 857 contracts
  • 2018-05-03: Largest IV drop — 44.3% change
  • 2018-05-02: Highest IV Rank — 51.5%
  • 2018-05-02: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.54$39.12$43.52$43.52$41.30
Max Pain$40.45$40.00$45.00$45.00$40.00
ATM IV23.8%19.4%46.7%46.1%19.5%
Expected Move6.8%5.6%13.4%13.2%5.6%
HV 20d28.4%21.1%31.6%23.1%29.2%
HV 60d26.1%23.5%27.5%23.8%25.1%
IV Rank17.1%10.5%51.5%50.6%10.6%
IV Percentile36.0%11.9%90.1%89.3%12.7%
Term Structure0.6%-13.9%5.3%-13.9%0.8%
VWIV23.3%18.6%46.7%46.6%19.7%
Skew 25d4.5%0.2%8.6%3.6%2.1%
Skew 10d7.2%0.2%13.9%10.9%2.5%
Call IV 25d20.5%14.1%47.2%46.1%18.9%
Put IV 25d24.9%18.3%50.5%49.7%20.9%
Bid-Ask Spread %35.437.48103.0376.99103.03
Gamma HHI0.520.260.840.450.34
Net GEX-12.6K-86.4K84.2K1.7K525
Net DEX-8.1K-880.0K314.0K-95.1K-173.2K
Net VEX-1.6K-3.9K-1.3K-2.3K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.020.140.140.06
Total Volume624.545299857833302
Total OI848.0454741,133474526

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$43.52$45.0046.1%13.2%23.1%50.6%46.6%3.6%-13.9%1.7K-95.1K-2.3K0.1476.99N/AN/A730103333141
2018-05-02$43.28$45.0046.7%13.4%21.1%51.5%46.7%3.3%-13.9%84.2K-880.0K-3.9K0.0485.69N/AN/A73031825141
2018-05-03$40.33$40.0026.0%6.7%31.6%20.4%23.4%2.2%2.9%-14.3K144.3K-1.3K0.0478.42N/AN/A81331825145
2018-05-04$40.03$40.0022.7%6.4%30.1%15.4%22.4%1.4%3.4%-27.5K149.0K-1.7K0.0578.84N/AN/A81338907145
2018-05-07$39.20$40.0022.9%6.6%30.6%15.8%22.4%7.0%3.2%-35.9K293.2K-1.5K0.0518.43N/AN/A81938907162
2018-05-08$39.43$40.0022.9%6.3%29.3%15.8%21.6%7.9%3.6%-38.3K281.5K-1.5K0.0417.28N/AN/A79234913162
2018-05-09$39.16$40.0021.6%6.2%28.7%13.8%21.4%6.6%4.2%-22.9K280.7K-1.6K0.0445.54N/AN/A75534955162
2018-05-10$39.19$40.0022.6%6.5%28.8%15.3%22.3%6.9%3.4%-22.5K288.2K-1.5K0.0415.89N/AN/A75534958162
2018-05-11$39.39$40.0021.5%6.2%29.2%13.6%21.2%6.1%4.0%-27.9K244.1K-1.5K0.0420.03N/AN/A75934958162
2018-05-14$39.12$40.0021.6%6.2%27.0%13.8%21.4%4.9%4.7%-23.7K314.0K-1.5K0.0421.63N/AN/A75934962162
2018-05-15$39.81$40.0023.5%6.7%28.2%16.6%22.5%8.6%2.3%-45.1K182.0K-1.5K0.0220.03N/AN/A75814962162
2018-05-16$40.14$40.0021.2%6.1%28.6%13.2%20.6%1.1%3.9%-60.8K74.2K-1.5K0.028.48N/AN/A75814963167
2018-05-17$40.30$40.0020.4%5.8%28.8%11.9%19.8%1.8%5.3%-86.4K-35.7K-1.5K0.0210.65N/AN/A75914963167
2018-05-18$40.37$40.0021.4%6.1%28.3%13.5%18.6%2.5%4.2%6.3K-233.1K-1.4K0.037.48N/AN/A83027967166
2018-05-21$40.43$40.0020.4%5.8%28.4%12.0%19.9%0.2%-1.3%7.7K-131.5K-1.5K0.0496.09N/AN/A2881145338
2018-05-22$40.85$40.0020.8%6.0%28.8%12.6%20.8%4.7%-1.8%8.8K-143.6K-1.4K0.0411.62N/AN/A2881145338
2018-05-23$41.04$40.0020.2%5.8%28.9%11.7%20.5%5.2%-0.8%9.2K-156.5K-1.4K0.0925.24N/AN/A2882745338
2018-05-24$41.16$40.0019.4%5.6%29.0%10.5%19.3%5.1%0.3%5.7K-145.8K-1.4K0.069.70N/AN/A2881745348
2018-05-25$41.18$40.0019.7%5.7%28.7%11.0%19.6%5.5%-0.3%3.4K-146.5K-1.5K0.068.23N/AN/A2881745358
2018-05-29$40.95$40.0020.9%6.0%28.7%12.7%20.9%4.5%-0.3%-2.3K-112.7K-1.5K0.0610.67N/AN/A2861745368
2018-05-30$41.64$40.0021.2%6.1%29.2%13.2%21.1%6.8%-1.0%3.9K-175.3K-1.5K0.069.56N/AN/A2851745368
2018-05-31$41.30$40.0019.5%5.6%29.2%10.6%19.7%2.1%0.8%525-173.2K-1.5K0.06103.03N/AN/A2851745868