CSGS Options History — March 2019

In March 2019, CSGS traded between $40.85 and $42.34. ATM implied volatility averaged 22.1%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 1.9% (HV 20d: 24.0%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.90.

Notable Days

  • 2019-03-06: Highest Volume — 46 contracts
  • 2019-03-19: Largest IV spike — 16.7% change
  • 2019-03-04: Highest IV Rank — 20.6%
  • 2019-03-29: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.52$40.85$42.34$41.67$42.34
Max Pain$42.25$40.00$45.00$40.00$45.00
ATM IV22.1%18.0%25.8%22.6%18.0%
Expected Move8.3%6.5%9.5%6.5%9.5%
HV 20d24.0%13.8%49.8%49.3%15.9%
HV 60d34.0%32.4%37.3%37.3%32.6%
IV Rank14.3%7.5%20.6%15.2%7.5%
IV Percentile31.8%9.1%52.8%36.9%9.1%
Term Structure8.9%0.8%19.4%0.8%19.4%
VWIV27.8%23.4%31.2%23.4%31.2%
Skew 25d3.9%-1.5%11.3%3.3%11.3%
Skew 10d5.1%-4.0%19.6%5.8%10.1%
Call IV 25d18.2%11.7%22.1%20.1%11.7%
Put IV 25d22.1%20.6%25.0%23.4%23.1%
Bid-Ask Spread %78.3063.7798.8998.8978.70
Gamma HHI0.490.450.560.560.47
Net GEX31.5K16.1K41.8K36.7K39.3K
Net DEX-802.5K-930.0K-697.8K-810.1K-930.0K
Net VEX-3.7K-4.1K-3.5K-4.1K-3.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.005.750.160.00
Total Volume20.667046372
Total OI705.81466911893519

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$41.67$40.0022.6%6.5%49.3%15.2%23.4%3.3%0.8%36.7K-810.1K-4.1K0.1698.89N/AN/A325617276
2019-03-04$41.33$40.0025.8%7.4%49.6%20.6%0.0%-0.6%5.4%32.1K-770.0K-4.0K0.0093.71N/AN/A020612276
2019-03-05$41.30$40.0024.2%6.9%49.7%17.9%0.0%-0.4%5.6%27.4K-758.0K-3.8K0.0081.17N/AN/A020612276
2019-03-06$41.25$40.0023.9%6.9%49.8%17.4%24.4%3.4%6.5%23.3K-740.6K-3.8K3.6078.72N/AN/A1036612276
2019-03-07$40.99$40.0024.1%6.9%48.9%17.7%24.9%3.1%5.6%18.0K-702.7K-3.8K5.5088.62N/AN/A422612280
2019-03-08$41.05$40.0024.4%7.0%18.0%18.2%24.6%-1.5%5.8%16.1K-697.8K-3.8K5.7580.94N/AN/A423614280
2019-03-11$41.83$40.0023.0%8.2%18.5%15.8%0.0%1.6%6.2%24.9K-827.6K-3.6K0.0065.36N/AN/A00614281
2019-03-12$41.60$40.0022.5%8.2%17.2%15.1%26.5%1.3%6.0%41.8K-815.3K-3.8K0.0063.77N/AN/A80614281
2019-03-13$41.64$40.0022.3%8.1%16.6%14.6%26.4%1.0%6.0%26.1K-825.3K-3.7K0.3363.83N/AN/A124622281
2019-03-14$41.47$40.0022.0%8.2%16.7%14.3%26.6%0.4%6.5%25.0K-821.7K-3.7K0.3369.04N/AN/A124626285
2019-03-15$41.57$40.0021.2%8.1%16.5%12.9%26.4%5.6%7.0%31.9K-846.4K-3.6K0.4284.90N/AN/A125626285
2019-03-18$42.04$0.0018.0%9.1%16.6%7.5%28.0%5.0%17.3%32.1K-845.1K-3.5K0.0094.05N/AN/A21036997
2019-03-19$41.56$45.0021.0%9.1%16.6%12.5%29.2%6.6%10.8%34.5K-805.5K-3.7K0.0078.32N/AN/A31039097
2019-03-20$41.22$45.0021.8%9.2%15.0%13.8%30.0%5.5%10.4%33.7K-760.9K-3.7K0.0075.06N/AN/A31039097
2019-03-21$41.91$45.0022.2%9.2%15.5%14.6%29.3%2.5%9.8%34.8K-843.4K-3.7K0.0373.99N/AN/A32139097
2019-03-22$41.38$45.0020.9%9.3%13.8%12.3%29.8%6.7%11.3%34.1K-785.7K-3.6K0.0376.14N/AN/A32139097
2019-03-25$40.85$45.0021.8%9.3%14.2%13.9%29.6%5.8%10.8%33.2K-708.9K-3.5K0.0072.41N/AN/A35038297
2019-03-26$41.22$45.0022.0%9.4%14.4%14.1%30.4%7.2%10.8%37.8K-799.8K-3.7K0.0072.82N/AN/A5041797
2019-03-27$41.90$45.0021.1%9.4%15.5%12.6%30.4%8.0%12.4%38.5K-880.2K-3.8K0.0077.75N/AN/A5042297
2019-03-28$41.89$45.0020.7%9.4%15.5%12.0%29.7%5.9%12.8%39.5K-877.1K-3.7K0.0076.08N/AN/A5042297
2019-03-29$42.34$45.0018.0%9.5%15.9%7.5%31.2%11.3%19.4%39.3K-930.0K-3.7K0.0078.70N/AN/A2042297