CSGS Options History — March 2021

In March 2021, CSGS traded between $45.17 and $48.84. ATM implied volatility averaged 36.2%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 14.4% (HV 20d: 21.8%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.61.

Notable Days

  • 2021-03-12: Highest Volume — 60 contracts
  • 2021-03-16: Largest IV spike — 90.2% change
  • 2021-03-16: Highest IV Rank — 47.4%
  • 2021-03-16: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.33$45.17$48.84$46.41$45.17
Max Pain$45.50$40.00$50.00$45.00$40.00
ATM IV36.2%20.1%57.5%33.5%34.7%
Expected Move9.9%5.7%16.5%9.6%10.0%
HV 20d21.8%18.1%24.6%22.8%24.6%
HV 60d24.5%22.8%26.2%25.8%24.9%
IV Rank23.3%5.0%47.4%20.2%21.6%
IV Percentile35.9%2.0%76.6%28.2%36.9%
Term Structure-7.3%-39.2%16.5%-5.5%-9.1%
VWIV31.0%22.7%37.6%32.7%37.6%
Skew 25d7.7%-41.3%55.7%38.5%55.7%
Skew 10d12.7%-53.3%83.1%81.7%79.9%
Call IV 25d38.8%21.5%65.3%37.5%43.6%
Put IV 25d46.5%22.7%99.4%76.1%99.4%
Bid-Ask Spread %124.44103.57133.22124.84119.68
Gamma HHI0.730.550.860.600.79
Net GEX55.6K46.5K79.0K55.6K51.4K
Net DEX-798.0K-1.1M-435.3K-730.8K-435.3K
Net VEX-5.5K-5.9K-4.5K-5.9K-4.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.004.334.330.30
Total Volume7.478060013
Total OI697.087622743727696

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$46.41$45.0033.5%9.6%22.8%20.2%0.0%38.5%-5.5%55.6K-730.8K-5.9K0.00124.84N/AN/A00587140
2021-03-02$45.68$45.0037.1%10.6%22.0%24.3%0.0%-9.8%-7.0%47.5K-686.4K-5.9K0.00126.64N/AN/A00587140
2021-03-03$45.87$45.0046.7%13.4%21.8%35.2%0.0%0.1%-21.1%49.8K-675.0K-5.7K0.00127.14N/AN/A00587140
2021-03-04$45.54$0.0042.7%10.9%21.9%30.6%0.0%1.4%-1.6%47.7K-675.9K-5.7K4.33133.22N/AN/A313587140
2021-03-05$46.18$0.0036.6%8.8%22.2%23.7%0.0%7.1%0.7%48.4K-688.1K-5.8K0.00127.37N/AN/A00590153
2021-03-08$47.20$0.0052.5%9.3%23.3%41.7%0.0%15.1%-5.6%46.5K-809.0K-5.6K0.00128.00N/AN/A10590153
2021-03-09$47.31$0.0049.0%11.2%23.3%37.8%0.0%36.1%-10.9%59.9K-905.8K-5.9K0.00123.83N/AN/A10590153
2021-03-10$48.28$0.0024.0%6.9%23.2%9.5%0.0%23.4%12.0%59.4K-994.3K-5.8K0.00128.28N/AN/A00590153
2021-03-11$48.50$0.0040.7%11.7%22.9%28.4%0.0%-3.7%-16.4%59.7K-1.1M-5.6K0.00131.25N/AN/A00590153
2021-03-12$48.84$0.0029.8%8.5%23.0%16.0%0.0%-4.5%4.6%59.8K-1.0M-5.9K0.00126.47N/AN/A600553153
2021-03-15$47.82$0.0030.3%8.7%24.0%16.6%0.0%-6.5%-5.4%57.7K-851.3K-5.5K0.00128.19N/AN/A00542153
2021-03-16$48.34$0.0057.5%16.5%24.2%47.4%0.0%-0.9%-24.9%59.0K-814.8K-5.5K0.00124.03N/AN/A00542153
2021-03-17$47.86$0.0042.1%12.1%24.3%30.0%0.0%0.4%-12.8%47.7K-851.0K-5.7K0.00130.39N/AN/A00542153
2021-03-18$47.52$0.0031.2%8.9%24.4%17.6%0.0%9.2%16.5%48.3K-672.2K-5.3K0.00128.76N/AN/A00542153
2021-03-19$47.66$0.0026.6%7.6%19.9%12.5%0.0%1.6%6.2%55.9K-714.3K-5.3K0.00128.70N/AN/A00542153
2021-03-22$48.02$0.0028.5%8.2%19.2%14.6%32.7%2.7%-8.9%58.3K-910.3K-5.4K0.00122.72N/AN/A90500122
2021-03-23$47.65$50.0050.8%14.6%19.0%39.8%0.0%-23.2%-39.2%52.3K-815.2K-5.3K0.00120.26N/AN/A03504122
2021-03-24$47.64$50.0030.5%8.8%18.3%16.9%0.0%6.1%-1.9%58.9K-793.4K-5.1K0.07118.66N/AN/A302504125
2021-03-25$47.81$50.0020.1%5.7%18.3%5.0%0.0%20.5%7.7%64.0K-843.5K-5.3K0.00121.63N/AN/A02534127
2021-03-26$48.54$50.0022.6%6.5%18.1%7.9%22.7%33.9%-4.5%63.0K-859.1K-5.4K0.25126.11N/AN/A41534129
2021-03-29$48.26$40.0036.8%10.6%18.3%24.0%0.0%-41.3%-30.7%79.0K-880.6K-5.1K0.00112.47N/AN/A00536130
2021-03-30$46.43$40.0029.4%8.4%22.5%15.6%0.0%15.2%-11.2%48.2K-620.8K-5.0K0.50103.57N/AN/A2010536130
2021-03-31$45.17$40.0034.7%10.0%24.6%21.6%37.6%55.7%-9.1%51.4K-435.3K-4.5K0.30119.68N/AN/A103556140