CSGS Options History — March 2020

In March 2020, CSGS traded between $38.23 and $45.67. ATM implied volatility averaged 66.1%, placing in the 76.1% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded above realized volatility by 10.7% (HV 20d: 55.4%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.01.

Notable Days

  • 2020-03-19: Highest Volume — 101 contracts
  • 2020-03-09: Largest IV spike — 26.1% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-19: Largest Expected Move — 28.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.48$38.23$45.67$45.27$41.62
Max Pain$40.68$40.00$45.00$45.00$40.00
ATM IV66.1%44.5%98.5%44.5%54.4%
Expected Move18.5%11.4%28.2%12.8%15.6%
HV 20d55.4%39.3%70.2%39.6%63.6%
HV 60d37.6%29.2%44.2%29.2%44.1%
IV Rank76.1%47.1%100.0%60.0%47.1%
IV Percentile97.4%92.1%100.0%92.9%92.1%
Term Structure-10.8%-31.7%2.0%-8.2%0.7%
VWIV63.4%40.1%84.5%44.5%66.3%
Skew 25d14.2%-3.6%38.3%8.8%-3.6%
Skew 10d22.4%-21.2%75.1%21.0%-0.6%
Call IV 25d62.0%28.9%84.4%41.6%56.0%
Put IV 25d76.2%37.3%122.6%50.3%52.4%
Bid-Ask Spread %95.9580.66111.1480.66102.42
Gamma HHI0.440.240.810.320.81
Net GEX6.6K-62915.5K5.3K15.5K
Net DEX-31.9K-261.6K123.6K22.0K-227.8K
Net VEX-1.0K-1.5K-704-712-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.010.000.050.000.05
Total Volume19.318010110
Total OI405.591207525455233

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$45.27$45.0044.5%12.8%39.6%60.0%0.0%8.8%-8.2%5.3K22.0K-7120.0080.66N/AN/A1041540
2020-03-03$45.56$45.0049.8%14.3%39.5%70.7%0.0%9.0%-12.2%9.0K-3.6K-8100.0093.49N/AN/A4041640
2020-03-04$45.67$45.0044.5%12.8%39.3%59.9%44.5%8.5%-9.0%7.8K3.4K-7500.00101.63N/AN/A34042040
2020-03-05$42.56$40.0048.4%11.4%44.3%67.8%40.1%7.0%-3.9%5.7K19.0K-7040.0081.08N/AN/A4044840
2020-03-06$42.52$40.0059.7%14.1%44.4%90.7%0.0%9.2%-8.5%6.2K35.6K-9780.0084.68N/AN/A0044861
2020-03-09$39.84$40.0075.2%16.0%48.5%100.0%0.0%10.1%-6.4%3.5K51.8K-8260.0092.89N/AN/A01444854
2020-03-10$41.45$40.0063.9%19.1%50.7%81.2%0.0%30.0%-17.3%4.3K68.3K-9110.0094.02N/AN/A0044861
2020-03-11$40.49$40.0059.2%17.0%50.0%73.4%0.0%7.5%-10.3%2.6K83.4K-8550.0083.94N/AN/A01344861
2020-03-12$38.65$40.0063.3%18.2%51.3%80.3%0.0%7.7%-13.7%1.0K123.6K-8630.0087.75N/AN/A1044873
2020-03-13$39.72$40.0064.6%18.5%52.9%82.4%0.0%30.5%-15.7%4.9K62.8K-1.1K0.00106.45N/AN/A0044973
2020-03-16$40.32$40.0075.4%21.6%53.5%100.0%0.0%13.0%-20.1%4.4K60.2K-9200.0095.49N/AN/A01044966
2020-03-17$41.93$40.0072.2%20.7%56.5%94.7%0.0%18.4%-10.6%7.1K14.6K-1.0K0.0193.59N/AN/A75144976
2020-03-18$43.70$40.0085.3%24.5%59.1%100.0%84.5%38.3%-22.1%14.4K-108.7K-1.1K0.00103.27N/AN/A40044976
2020-03-19$41.50$40.0098.5%28.2%60.9%100.0%0.0%25.1%-31.7%-23854.4K-9220.00103.44N/AN/A101041776
2020-03-20$38.23$40.0080.2%23.0%65.8%78.0%64.6%19.4%-2.0%-62989.8K-7860.00106.15N/AN/A100031776
2020-03-23$38.52$40.0072.6%20.8%66.1%68.9%0.0%20.6%-14.2%5.9K-67.1K-1.2K0.00110.42N/AN/A0014562
2020-03-24$39.33$40.0080.7%23.1%65.9%78.7%80.7%-0.6%-26.5%6.6K-129.6K-1.2K0.00111.14N/AN/A7014562
2020-03-25$40.00$40.0070.6%20.2%66.6%66.5%0.0%25.6%-6.1%8.4K-136.8K-1.3K0.0095.08N/AN/A0015262
2020-03-26$42.22$40.0063.8%18.3%70.2%58.4%66.3%10.2%1.0%10.3K-195.8K-1.2K0.0588.18N/AN/A19115262
2020-03-27$41.73$40.0065.6%18.8%65.4%60.6%0.0%8.9%-2.8%10.2K-258.7K-1.5K0.0096.02N/AN/A0017162
2020-03-30$41.72$40.0061.8%17.7%63.8%56.0%0.0%9.8%2.0%12.6K-261.6K-1.4K0.0099.01N/AN/A0017162
2020-03-31$41.62$40.0054.4%15.6%63.6%47.1%0.0%-3.6%0.7%15.5K-227.8K-1.4K0.00102.42N/AN/A0017162