CSGS Options History — February 2020

In February 2020, CSGS traded between $43.62 and $52.76. ATM implied volatility averaged 29.6%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 6.8% (HV 20d: 22.9%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.90.

Notable Days

  • 2020-02-04: Highest Volume — 93 contracts
  • 2020-02-06: Largest IV drop — 52.1% change
  • 2020-02-28: Highest IV Rank — 79.3%
  • 2020-02-28: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.48$43.62$52.76$50.35$43.62
Max Pain$45.79$45.00$50.00$50.00$45.00
ATM IV29.6%18.2%54.0%45.3%54.0%
Expected Move8.4%5.2%15.5%13.0%15.5%
HV 20d22.9%19.8%37.0%20.5%37.0%
HV 60d22.2%20.5%28.0%20.5%28.0%
IV Rank29.6%6.4%79.3%61.5%79.3%
IV Percentile56.9%6.0%98.8%93.3%98.8%
Term Structure-1.2%-14.1%6.3%-11.8%-13.6%
VWIV30.9%18.4%54.5%44.7%54.5%
Skew 25d5.1%-2.0%16.6%6.0%16.6%
Skew 10d14.1%-3.6%29.1%20.8%27.3%
Call IV 25d26.2%18.0%43.8%43.3%38.7%
Put IV 25d31.2%20.4%55.2%49.3%55.2%
Bid-Ask Spread %83.6960.9599.2976.0199.29
Gamma HHI0.590.410.930.540.41
Net GEX37.2K-3.4K83.0K35.5K8.8K
Net DEX-335.0K-613.1K-12.5K-383.3K-12.5K
Net VEX-1.6K-2.6K-792-2.0K-792
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.004.330.000.00
Total Volume18.6840932814
Total OI544.526409628409448

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$50.35$50.0045.3%13.0%20.5%61.5%44.7%6.0%-11.8%35.5K-383.3K-2.0K0.0076.01N/AN/A28036445
2020-02-04$50.82$50.0044.2%12.7%20.4%59.3%44.2%5.3%-11.3%40.2K-453.6K-2.1K0.0072.89N/AN/A09337745
2020-02-05$51.85$50.0048.4%13.9%20.8%67.7%54.5%7.3%-14.1%30.0K-406.6K-2.6K0.2060.95N/AN/A5611377133
2020-02-06$51.19$45.0023.1%6.4%21.2%16.5%19.2%4.8%3.3%21.7K-290.3K-2.1K0.0374.27N/AN/A341435139
2020-02-07$50.05$45.0021.7%6.0%22.3%13.5%21.7%2.0%4.5%-3.4K-56.1K-1.7K0.1586.76N/AN/A132468138
2020-02-10$51.03$45.0023.5%6.4%23.3%17.3%21.4%3.7%3.7%17.9K-264.9K-1.9K0.4379.95N/AN/A73481140
2020-02-11$51.74$45.0023.7%6.4%22.6%17.6%19.3%3.3%3.1%37.6K-407.7K-2.0K1.6075.19N/AN/A58481140
2020-02-12$51.71$45.0021.0%6.0%20.2%12.2%18.4%3.5%4.6%37.0K-389.9K-1.9K0.0082.24N/AN/A100486140
2020-02-13$52.00$45.0021.4%6.1%20.2%12.9%0.0%2.0%4.6%45.6K-449.2K-1.9K0.0085.95N/AN/A10488140
2020-02-14$52.25$45.0021.3%6.1%20.1%12.7%0.0%2.3%4.4%58.8K-522.8K-1.8K4.3386.91N/AN/A626487140
2020-02-18$52.33$45.0021.3%6.1%20.0%12.8%21.1%1.8%4.1%65.4K-557.5K-1.7K0.0085.20N/AN/A04493126
2020-02-19$52.76$45.0018.2%5.2%19.9%6.4%20.8%2.4%6.3%83.0K-613.1K-1.7K4.0088.81N/AN/A14493130
2020-02-20$52.71$45.0019.1%5.5%19.8%8.2%0.0%2.3%5.6%79.2K-605.7K-1.7K0.0087.25N/AN/A00492130
2020-02-21$51.80$45.0023.0%6.6%20.8%16.1%0.0%8.1%3.6%60.1K-478.4K-1.4K0.0083.86N/AN/A100492130
2020-02-24$50.35$45.0026.1%7.5%22.5%22.5%0.0%-2.0%-1.7%37.1K-222.9K-1.1K0.0084.12N/AN/A6041521
2020-02-25$48.09$45.0029.8%8.5%27.7%30.0%0.0%7.7%-4.3%20.3K-114.6K-8370.0097.80N/AN/A01241521
2020-02-26$47.44$45.0036.9%10.6%27.6%44.4%0.0%8.3%-7.1%15.1K-63.1K-8480.0088.36N/AN/A0041533
2020-02-27$46.98$45.0040.7%11.7%27.7%52.1%0.0%10.9%-6.6%16.2K-72.3K-9500.0094.32N/AN/A0041533
2020-02-28$43.62$45.0054.0%15.5%37.0%79.3%54.5%16.6%-13.6%8.8K-12.5K-7920.0099.29N/AN/A01441533