CSGS Options History — January 2022

In January 2022, CSGS traded between $55.60 and $58.91. ATM implied volatility averaged 37.3%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 22.3% (HV 20d: 15.0%). Max pain ranged from $30.00 to $55.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.35.

Notable Days

2022-01-19: Highest Volume — 112 contracts
2022-01-06: Largest IV spike — 70.8% change
2022-01-11: Highest IV Rank — 51.9%
2022-01-28: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$57.25	$55.60	$58.91	$58.91	$56.60
Max Pain	$51.05	$30.00	$55.00	$30.00	$55.00
ATM IV	37.3%	23.9%	61.9%	41.8%	38.6%
Expected Move	9.5%	6.9%	12.1%	12.0%	11.1%
HV 20d	15.0%	11.8%	18.3%	18.0%	13.9%
HV 60d	18.5%	18.0%	18.8%	18.7%	18.0%
IV Rank	23.6%	8.2%	51.9%	28.7%	25.1%
IV Percentile	53.8%	10.3%	95.2%	73.0%	65.9%
Term Structure	-0.2%	-9.8%	13.5%	2.5%	-3.9%
VWIV	34.3%	28.1%	42.0%	33.1%	40.3%
Skew 25d	-4.7%	-37.7%	45.8%	-37.7%	-12.8%
Skew 10d	0.3%	-50.9%	56.6%	-50.9%	-9.6%
Call IV 25d	48.9%	26.8%	77.1%	71.6%	69.0%
Put IV 25d	44.1%	27.1%	122.9%	33.9%	56.2%
Bid-Ask Spread %	111.25	98.74	119.74	109.39	105.94
Gamma HHI	0.47	0.31	0.59	0.50	0.47
Net GEX	-834	-3.3K	1.3K	1.0K	-1.9K
Net DEX	-126.8K	-186.6K	-73.4K	-160.8K	-86.4K
Net VEX	-538	-675	-388	-528	-533
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.35	1.22	1.82	1.26	1.22
Total Volume	91.15	80	112	88	80
Total OI	83.05	72	96	72	90

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$58.91	$30.00	41.8%	12.0%	18.0%	28.7%	33.1%	-37.7%	2.5%	1.0K	-160.8K	-528	1.26	109.39	N/A	N/A	39	49	45	27
2022-01-04	$58.52	$30.00	33.4%	9.6%	17.3%	19.1%	33.8%	-13.7%	8.1%	1.1K	-186.6K	-388	1.26	119.22	N/A	N/A	39	49	45	27
2022-01-05	$58.20	$30.00	28.0%	8.0%	17.6%	13.0%	28.4%	0.3%	13.5%	1.3K	-167.6K	-489	1.26	115.98	N/A	N/A	39	49	45	28
2022-01-06	$58.68	$0.00	47.9%	9.4%	17.7%	35.8%	31.2%	-13.2%	-6.4%	896	-176.2K	-489	1.38	110.50	N/A	N/A	39	54	45	28
2022-01-07	$58.27	$55.00	35.7%	8.5%	18.0%	21.8%	29.9%	-5.5%	1.7%	108	-158.5K	-553	1.25	107.41	N/A	N/A	40	50	45	33
2022-01-10	$57.93	$55.00	57.8%	7.5%	18.3%	47.2%	28.1%	45.8%	11.8%	1.1K	-158.2K	-519	1.25	114.01	N/A	N/A	40	50	46	34
2022-01-11	$57.72	$55.00	61.9%	9.8%	15.9%	51.9%	34.5%	-16.3%	-3.0%	362	-156.2K	-544	1.25	114.02	N/A	N/A	40	50	46	34
2022-01-12	$57.46	$55.00	26.6%	7.6%	16.0%	11.3%	34.1%	-18.8%	-0.8%	174	-130.7K	-577	1.25	111.05	N/A	N/A	40	50	43	34
2022-01-13	$57.91	$55.00	29.3%	8.4%	16.1%	14.5%	29.0%	-8.4%	-2.5%	198	-144.6K	-482	1.25	109.69	N/A	N/A	40	50	43	34
2022-01-14	$57.49	$55.00	29.9%	8.6%	14.1%	15.1%	35.5%	-16.8%	5.3%	420	-132.7K	-540	1.25	114.00	N/A	N/A	40	50	43	34
2022-01-18	$56.65	$55.00	23.9%	6.9%	14.4%	8.2%	32.0%	-5.8%	13.1%	91	-140.2K	-494	1.82	98.74	N/A	N/A	39	71	43	34
2022-01-19	$56.28	$55.00	37.5%	10.7%	14.4%	23.8%	34.3%	6.3%	-9.8%	-2.5K	-80.8K	-675	1.73	107.89	N/A	N/A	41	71	45	51
2022-01-20	$56.19	$55.00	33.2%	9.5%	12.1%	18.9%	36.2%	2.8%	-4.6%	-2.5K	-114.3K	-527	1.73	113.44	N/A	N/A	41	71	45	51
2022-01-21	$56.51	$55.00	35.7%	10.2%	11.8%	21.8%	37.3%	-3.5%	-7.0%	-3.3K	-116.5K	-564	1.73	104.58	N/A	N/A	41	71	45	51
2022-01-24	$56.84	$55.00	33.5%	9.6%	12.0%	19.3%	34.3%	1.2%	-6.4%	-2.8K	-96.3K	-550	1.22	108.84	N/A	N/A	36	44	42	49
2022-01-25	$56.24	$55.00	34.8%	10.0%	12.5%	20.8%	35.6%	1.6%	0.4%	-3.2K	-83.4K	-585	1.22	112.95	N/A	N/A	36	44	42	47
2022-01-26	$55.60	$55.00	39.9%	11.4%	12.6%	26.6%	41.5%	-10.0%	-8.4%	-2.4K	-73.4K	-612	1.22	115.56	N/A	N/A	36	44	42	47
2022-01-27	$56.29	$55.00	34.0%	9.8%	13.6%	19.9%	35.6%	-1.2%	0.7%	-2.8K	-90.1K	-550	1.22	112.13	N/A	N/A	36	44	42	47
2022-01-28	$56.76	$55.00	42.1%	12.1%	13.9%	29.1%	42.0%	11.1%	-7.8%	-2.1K	-81.4K	-568	1.22	119.74	N/A	N/A	36	44	42	47
2022-01-31	$56.60	$55.00	38.6%	11.1%	13.9%	25.1%	40.3%	-12.8%	-3.9%	-1.9K	-86.4K	-533	1.22	105.94	N/A	N/A	36	44	42	48