CSGS Options History — February 2022

In February 2022, CSGS traded between $57.02 and $61.56. ATM implied volatility averaged 36.3%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 15.8% (HV 20d: 20.6%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.66.

Notable Days

2022-02-04: Highest Volume — 86 contracts
2022-02-07: Largest IV spike — 71.7% change
2022-02-07: Highest IV Rank — 50.0%
2022-02-22: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.38	$57.02	$61.56	$57.02	$61.56
Max Pain	$50.53	$50.00	$55.00	$55.00	$50.00
ATM IV	36.3%	24.6%	60.2%	37.2%	35.5%
Expected Move	9.4%	7.1%	12.6%	10.7%	10.2%
HV 20d	20.6%	12.5%	25.0%	12.5%	24.9%
HV 60d	18.3%	16.5%	19.8%	17.3%	19.7%
IV Rank	22.5%	9.1%	50.0%	23.5%	21.5%
IV Percentile	53.4%	12.7%	94.8%	63.1%	54.8%
Term Structure	-6.6%	-23.1%	8.8%	-2.6%	-12.7%
VWIV	41.5%	29.3%	59.4%	40.8%	59.4%
Skew 25d	10.9%	-11.0%	29.6%	-1.1%	15.3%
Skew 10d	6.2%	-24.3%	59.1%	0.8%	3.1%
Call IV 25d	36.4%	27.2%	59.2%	56.0%	34.3%
Put IV 25d	47.2%	28.5%	71.8%	54.9%	49.6%
Bid-Ask Spread %	117.67	99.56	124.11	99.56	119.17
Gamma HHI	0.52	0.28	0.83	0.51	0.43
Net GEX	-1.6K	-4.7K	1.1K	-2.5K	1.1K
Net DEX	-165.2K	-245.7K	-97.8K	-99.5K	-245.7K
Net VEX	-293	-511	-121	-511	-195
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.46	1.33	1.33	0.46
Total Volume	82.421	69	86	84	83
Total OI	87	65	96	90	72

Daily Data (19 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
2022-02-01	$57.02	$55.00	37.2%	10.7%	12.5%	23.5%	40.8%	-1.1%	-2.6%	-2.5K	-99.5K	-511	1.33	99.56	N/A	N/A	36	48	42	48
2022-02-02	$58.03	$55.00	36.2%	10.4%	14.1%	22.4%	41.5%	-11.0%	-12.7%	-2.9K	-121.5K	-459	0.92	120.11	N/A	N/A	36	33	42	54
2022-02-03	$57.24	$50.00	43.6%	9.7%	14.7%	30.9%	32.5%	19.0%	2.1%	-3.6K	-103.8K	-499	0.92	118.69	N/A	N/A	36	33	42	52
2022-02-04	$57.41	$50.00	35.1%	7.7%	14.4%	21.1%	33.6%	-0.1%	-0.1%	-4.7K	-115.5K	-444	0.62	115.74	N/A	N/A	53	33	42	52
2022-02-07	$57.44	$50.00	60.2%	9.1%	14.3%	50.0%	29.3%	-0.3%	8.8%	-2.0K	-97.8K	-477	0.62	113.13	N/A	N/A	53	33	42	52
2022-02-08	$60.13	$50.00	45.8%	7.9%	21.6%	33.4%	31.5%	3.4%	-3.6%	-3.5K	-173.0K	-266	0.62	116.34	N/A	N/A	53	33	42	52
2022-02-09	$59.76	$50.00	24.6%	7.1%	21.8%	9.1%	40.9%	22.1%	0.0%	-1.5K	-160.5K	-389	0.62	117.34	N/A	N/A	53	33	42	52
2022-02-10	$59.79	$50.00	31.0%	8.9%	21.6%	16.4%	39.9%	5.6%	-7.9%	-1.8K	-185.4K	-236	0.62	117.99	N/A	N/A	53	33	43	52
2022-02-11	$60.71	$50.00	27.2%	7.8%	22.1%	12.1%	32.8%	17.3%	-4.0%	-3.7K	-193.1K	-165	0.62	122.86	N/A	N/A	53	33	43	52
2022-02-14	$60.26	$50.00	33.0%	9.5%	22.1%	18.7%	49.3%	11.4%	-8.9%	-2.2K	-180.5K	-230	0.62	124.11	N/A	N/A	53	33	43	52
2022-02-15	$59.57	$50.00	28.6%	8.2%	21.8%	13.6%	42.9%	17.3%	-5.6%	-2.0K	-185.2K	-272	0.62	111.09	N/A	N/A	53	33	43	52
2022-02-16	$60.50	$50.00	31.2%	8.9%	22.0%	16.6%	39.0%	23.3%	-8.5%	-3.1K	-180.5K	-210	0.62	121.19	N/A	N/A	53	33	43	52
2022-02-17	$59.70	$50.00	36.6%	10.5%	22.7%	22.8%	48.9%	11.5%	-14.2%	-2.0K	-163.9K	-275	0.62	120.95	N/A	N/A	53	33	43	52
2022-02-18	$58.90	$50.00	37.3%	10.7%	23.4%	23.7%	38.6%	18.3%	-10.6%	679	-190.7K	-196	0.62	120.03	N/A	N/A	53	33	43	52
2022-02-22	$59.70	$50.00	44.0%	12.6%	23.7%	31.3%	49.4%	29.6%	-23.1%	137	-169.3K	-247	0.54	120.47	N/A	N/A	50	27	40	25
2022-02-23	$58.91	$50.00	38.7%	11.1%	24.0%	25.3%	51.7%	15.3%	-5.6%	933	-167.2K	-253	0.54	117.75	N/A	N/A	50	27	40	25
2022-02-24	$60.05	$50.00	29.5%	8.5%	24.1%	14.7%	39.2%	5.0%	-7.4%	697	-198.7K	-121	0.54	122.36	N/A	N/A	50	27	40	25
2022-02-25	$61.50	$50.00	34.7%	9.9%	25.0%	20.6%	46.9%	4.6%	-9.4%	696	-207.0K	-126	0.47	116.81	N/A	N/A	57	27	40	25
2022-02-28	$61.56	$50.00	35.5%	10.2%	24.9%	21.5%	59.4%	15.3%	-12.7%	1.1K	-245.7K	-195	0.46	119.17	N/A	N/A	57	26	47	25