CSGS Options History — September 2020

In September 2020, CSGS traded between $38.69 and $43.25. ATM implied volatility averaged 39.3%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 15.9% (HV 20d: 23.4%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.06.

Notable Days

  • 2020-09-17: Highest Volume — 40 contracts
  • 2020-09-02: Largest IV spike — 92.2% change
  • 2020-09-03: Highest IV Rank — 66.1%
  • 2020-09-02: Largest Expected Move — 20.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.31$38.69$43.25$42.33$40.86
Max Pain$35.59$35.00$40.00$40.00$35.00
ATM IV39.3%24.9%73.8%37.5%57.8%
Expected Move10.6%7.1%20.7%10.8%16.6%
HV 20d23.4%16.0%26.6%16.0%26.5%
HV 60d25.5%24.3%27.6%26.5%24.3%
IV Rank27.3%11.1%66.1%25.3%48.1%
IV Percentile54.3%33.7%93.7%55.2%81.0%
Term Structure-0.5%-24.0%14.0%0.7%-16.2%
VWIV32.4%20.3%54.3%54.3%29.4%
Skew 25d5.6%-36.0%40.4%-36.0%21.5%
Skew 10d8.0%-68.6%88.3%-68.6%8.4%
Call IV 25d43.9%22.8%90.6%59.6%39.5%
Put IV 25d49.5%20.9%93.1%23.6%60.9%
Bid-Ask Spread %115.8591.43131.15108.14120.76
Gamma HHI0.410.270.920.390.30
Net GEX-28.7K-262.5K-5.5K-15.2K-8.9K
Net DEX339.6K96.6K642.3K214.8K131.3K
Net VEX-2.3K-2.7K-2.1K-2.7K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.000.500.000.00
Total Volume5.95204000
Total OI460.524352577494363

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$42.33$40.0037.5%10.8%16.0%25.3%0.0%-36.0%0.7%-15.2K214.8K-2.7K0.00108.14N/AN/A00145349
2020-09-02$43.25$40.0072.2%20.7%17.3%64.2%0.0%2.5%-24.0%-13.1K147.3K-2.7K0.00111.11N/AN/A00145349
2020-09-03$41.72$0.0073.8%15.6%20.6%66.1%0.0%13.2%-7.5%-16.1K283.9K-2.6K0.00121.42N/AN/A024145349
2020-09-04$41.14$0.0072.2%11.2%19.5%64.2%0.0%2.8%3.4%-19.6K373.2K-2.7K0.00123.55N/AN/A30145373
2020-09-08$39.42$0.0029.8%9.3%23.8%16.6%0.0%18.0%3.5%-30.7K598.3K-2.4K0.00114.56N/AN/A00148373
2020-09-09$39.09$0.0024.9%7.1%22.7%11.1%54.3%17.2%6.1%-31.1K631.0K-2.3K0.00116.34N/AN/A01148373
2020-09-10$39.31$35.0030.0%8.6%23.1%16.8%20.3%11.7%13.5%-22.1K512.0K-2.4K0.00131.15N/AN/A10148374
2020-09-11$38.82$35.0029.5%8.4%23.2%16.2%29.1%7.4%10.7%-21.8K534.8K-2.4K0.00110.16N/AN/A160149374
2020-09-14$38.70$35.0037.0%10.6%22.5%24.7%32.4%24.7%-0.3%-21.9K552.0K-2.2K0.00118.86N/AN/A10165374
2020-09-15$38.69$35.0024.9%7.2%22.4%11.1%0.0%-9.3%5.8%-27.4K642.3K-2.1K0.00118.41N/AN/A00165372
2020-09-16$39.40$35.0027.5%7.9%24.1%14.0%0.0%-1.0%14.0%-21.6K480.9K-2.2K0.00116.63N/AN/A110165372
2020-09-17$39.63$35.0032.9%9.4%24.4%20.1%0.0%1.4%6.1%-24.1K472.4K-2.1K0.00113.45N/AN/A400165372
2020-09-18$39.94$35.0030.3%8.7%24.8%17.1%0.0%15.9%0.6%-262.5K464.4K-2.5K0.00116.15N/AN/A00205372
2020-09-21$40.11$35.0029.2%8.4%25.0%15.9%28.9%-26.9%-2.0%-9.9K197.4K-2.3K0.50115.71N/AN/A21120232
2020-09-22$40.56$35.0028.0%8.0%25.5%14.5%0.0%1.2%-7.8%-13.2K166.1K-2.1K0.0091.43N/AN/A00121233
2020-09-23$40.15$35.0034.2%9.8%25.4%21.5%0.0%6.7%4.5%-9.6K196.5K-2.3K0.00117.44N/AN/A00121233
2020-09-24$40.06$35.0048.2%13.8%25.4%37.2%0.0%-22.6%-11.7%-12.1K210.5K-2.2K0.00120.19N/AN/A00121233
2020-09-25$40.78$35.0029.5%8.4%26.3%16.2%29.4%5.2%-7.3%-5.5K96.6K-2.3K0.00114.23N/AN/A250121233
2020-09-28$41.37$35.0031.9%9.1%26.6%18.9%0.0%23.0%1.3%-7.4K107.9K-2.3K0.00114.60N/AN/A00130233
2020-09-29$41.22$35.0044.2%12.7%26.4%32.8%0.0%40.4%-4.8%-8.9K117.3K-2.1K0.00118.64N/AN/A00130233
2020-09-30$40.86$35.0057.8%16.6%26.5%48.1%0.0%21.5%-16.2%-8.9K131.3K-2.1K0.00120.76N/AN/A00130233