CSGS Options History — February 2021

In February 2021, CSGS traded between $43.95 and $47.98. ATM implied volatility averaged 36.0%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 8.6% (HV 20d: 27.4%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.74.

Notable Days

  • 2021-02-04: Highest Volume — 143 contracts
  • 2021-02-09: Largest IV spike — 57.5% change
  • 2021-02-09: Highest IV Rank — 36.6%
  • 2021-02-23: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.13$43.95$47.98$43.95$46.44
Max Pain$42.11$40.00$45.00$45.00$45.00
ATM IV36.0%23.8%48.0%31.3%33.8%
Expected Move10.3%6.8%13.0%9.0%9.7%
HV 20d27.4%23.0%29.1%28.5%23.9%
HV 60d26.8%24.7%30.6%30.6%25.9%
IV Rank23.0%9.2%36.6%17.7%20.6%
IV Percentile36.8%5.6%61.9%25.8%29.4%
Term Structure0.2%-18.0%14.9%10.5%-1.5%
VWIV30.9%22.0%40.1%31.6%26.6%
Skew 25d6.8%-28.8%27.4%15.2%25.2%
Skew 10d-0.3%-43.2%75.5%18.5%12.2%
Call IV 25d38.5%26.5%62.0%35.1%31.0%
Put IV 25d45.3%32.0%59.8%50.2%56.2%
Bid-Ask Spread %122.19102.68130.10130.10121.84
Gamma HHI0.540.440.670.500.61
Net GEX96.7K48.0K183.5K105.4K51.8K
Net DEX-1.5M-2.0M-782.0K-1.1M-782.0K
Net VEX-6.8K-7.6K-6.0K-7.0K-6.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.0010.000.000.00
Total Volume25.5790143172
Total OI943.5796901,0671,062727

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$43.95$45.0031.3%9.0%28.5%17.7%31.6%15.2%10.5%105.4K-1.1M-7.0K0.00130.10N/AN/A170910152
2021-02-02$44.37$45.0029.0%8.3%28.8%15.2%27.3%26.5%14.9%119.3K-1.2M-7.3K0.00129.29N/AN/A440901152
2021-02-03$44.14$45.0035.8%10.3%28.8%22.8%40.1%-28.8%-6.1%97.5K-1.3M-7.5K0.00116.55N/AN/A730896152
2021-02-04$44.59$40.0031.5%11.6%28.2%18.0%0.0%6.7%-18.0%125.4K-1.4M-7.5K0.01127.02N/AN/A1412915152
2021-02-05$44.79$40.0042.4%11.1%28.2%30.3%0.0%10.5%5.2%183.5K-1.5M-7.6K0.00120.39N/AN/A220910151
2021-02-08$44.86$40.0030.5%9.3%27.8%16.8%35.2%5.5%9.6%146.9K-1.4M-7.1K0.20102.68N/AN/A51916151
2021-02-09$45.82$40.0048.0%10.6%28.3%36.6%0.0%3.9%1.8%117.4K-1.7M-7.3K0.00121.83N/AN/A160912152
2021-02-10$46.38$40.0036.0%10.3%28.5%23.1%0.0%-3.8%-1.6%134.9K-2.0M-7.1K0.00122.70N/AN/A50897152
2021-02-11$46.56$40.0034.2%9.8%27.4%21.0%0.0%-2.0%5.3%99.3K-1.9M-7.2K0.00125.01N/AN/A10879152
2021-02-12$47.19$40.0033.6%9.6%27.5%20.3%0.0%0.9%-4.4%103.8K-2.0M-6.9K0.00126.48N/AN/A640879152
2021-02-16$47.59$40.0039.5%11.3%26.6%27.1%0.0%-0.1%-14.4%95.6K-2.0M-6.7K0.00121.35N/AN/A280834142
2021-02-17$47.94$40.0039.6%11.4%25.1%27.1%0.0%-1.0%-13.0%96.7K-2.0M-6.5K0.00124.79N/AN/A60809142
2021-02-18$47.98$40.0033.5%9.6%24.5%20.3%34.6%-6.2%-1.9%97.9K-2.0M-6.2K0.00125.34N/AN/A10804142
2021-02-19$46.17$40.0023.8%6.8%28.5%9.2%22.0%27.4%6.4%49.4K-1.9M-6.0K10.00120.50N/AN/A220804142
2021-02-22$46.97$45.0036.6%10.5%29.1%23.8%29.8%14.7%11.3%48.0K-891.7K-6.0K0.00119.66N/AN/A130567123
2021-02-23$46.47$45.0045.2%13.0%28.8%33.5%31.3%15.2%2.2%54.6K-864.1K-6.0K2.29123.60N/AN/A716581124
2021-02-24$47.17$45.0038.6%11.1%29.1%26.0%0.0%16.1%-12.9%57.6K-890.1K-6.3K0.00123.65N/AN/A00587140
2021-02-25$47.10$45.0040.7%11.7%23.0%28.4%0.0%3.4%10.8%53.4K-911.2K-6.3K0.00118.86N/AN/A00587140
2021-02-26$46.44$45.0033.8%9.7%23.9%20.6%26.6%25.2%-1.5%51.8K-782.0K-6.1K0.00121.84N/AN/A20587140