CSGS Options History — April 2022

In April 2022, CSGS traded between $61.56 and $65.52. ATM implied volatility averaged 45.5%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 24.0% (HV 20d: 21.5%). Max pain ranged from $60.00 to $65.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.73.

Notable Days

2022-04-28: Highest Volume — 442 contracts
2022-04-12: Largest IV spike — 134.8% change
2022-04-12: Highest IV Rank — 100.0%
2022-04-29: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$63.85	$61.56	$65.52	$64.86	$61.56
Max Pain	$64.00	$60.00	$65.00	$65.00	$65.00
ATM IV	45.5%	29.9%	128.0%	29.9%	46.2%
Expected Move	10.3%	8.7%	13.3%	9.2%	13.3%
HV 20d	21.5%	19.6%	23.4%	23.4%	21.2%
HV 60d	23.3%	22.8%	24.4%	22.8%	24.4%
IV Rank	28.5%	13.8%	100.0%	15.1%	26.5%
IV Percentile	69.1%	30.6%	100.0%	30.6%	84.1%
Term Structure	-0.6%	-10.9%	19.5%	6.9%	-5.9%
VWIV	40.6%	31.7%	50.4%	49.9%	50.4%
Skew 25d	1.9%	-10.8%	23.9%	-10.8%	12.7%
Skew 10d	12.4%	-1.0%	22.3%	17.0%	22.3%
Call IV 25d	45.3%	29.9%	83.1%	83.1%	43.3%
Put IV 25d	47.2%	33.6%	72.3%	72.3%	56.0%
Bid-Ask Spread %	106.84	87.56	111.75	106.71	98.78
Gamma HHI	0.48	0.32	0.79	0.47	0.59
Net GEX	3.5K	-15.3K	71.7K	-8.0K	23.8K
Net DEX	-126.6K	-1.2M	137.7K	50.4K	-288.2K
Net VEX	-2.1K	-5.8K	-923	-927	-4.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.00	1.18	0.84	0.50
Total Volume	147.55	70	442	70	225
Total OI	214.7	99	579	99	422

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
2022-04-01	$64.86	$65.00	29.9%	9.2%	23.4%	15.1%	49.9%	-10.8%	6.9%	-8.0K	50.4K	-927	0.84	106.71	N/A	N/A	38	32	26	73
2022-04-04	$65.14	$65.00	40.5%	9.1%	23.0%	27.3%	37.8%	-0.1%	2.2%	-8.8K	47.6K	-934	0.85	111.16	N/A	N/A	39	33	26	74
2022-04-05	$64.06	$65.00	43.2%	10.0%	23.4%	30.4%	43.3%	1.9%	-0.2%	-7.2K	42.4K	-923	0.87	109.50	N/A	N/A	39	34	27	75
2022-04-06	$64.15	$65.00	64.6%	9.8%	23.4%	55.0%	43.1%	0.5%	-3.4%	-7.6K	52.2K	-927	0.87	111.75	N/A	N/A	39	34	27	77
2022-04-07	$64.05	$65.00	41.2%	8.7%	23.1%	28.2%	31.7%	6.3%	0.3%	-9.4K	70.5K	-957	0.83	104.55	N/A	N/A	41	34	28	77
2022-04-08	$63.86	$60.00	52.1%	9.6%	21.8%	40.6%	38.1%	2.5%	-1.0%	-9.4K	74.1K	-981	0.81	109.89	N/A	N/A	42	34	28	78
2022-04-11	$63.20	$60.00	54.5%	9.2%	21.9%	43.4%	35.0%	-1.7%	-0.4%	-9.4K	68.5K	-925	0.81	106.64	N/A	N/A	42	34	29	78
2022-04-12	$63.83	$60.00	128.0%	9.7%	21.9%	100.0%	36.9%	-5.9%	1.8%	-8.6K	65.1K	-936	0.81	111.44	N/A	N/A	42	34	29	78
2022-04-13	$64.73	$60.00	32.7%	9.4%	20.6%	14.3%	34.3%	-5.2%	-2.4%	-9.2K	65.1K	-928	1.18	109.87	N/A	N/A	45	53	28	78
2022-04-14	$64.45	$65.00	32.1%	9.2%	20.6%	13.8%	34.4%	2.5%	-0.7%	-13.6K	137.7K	-1.1K	1.02	107.03	N/A	N/A	51	52	29	98
2022-04-18	$63.98	$65.00	32.6%	9.3%	20.1%	14.3%	33.5%	12.2%	-3.1%	-13.5K	101.4K	-1.1K	1.04	109.26	N/A	N/A	47	49	32	93
2022-04-19	$64.84	$65.00	37.2%	10.7%	20.5%	18.4%	42.2%	-8.3%	-3.7%	-12.6K	80.3K	-1.0K	1.09	108.75	N/A	N/A	45	49	32	93
2022-04-20	$65.52	$65.00	35.5%	10.2%	20.8%	16.9%	38.4%	23.9%	-10.1%	-12.3K	50.6K	-965	1.09	106.46	N/A	N/A	45	49	33	93
2022-04-21	$64.56	$65.00	35.6%	10.2%	21.5%	17.0%	42.0%	-4.0%	-0.6%	-15.3K	88.3K	-988	0.66	104.38	N/A	N/A	79	52	33	93
2022-04-22	$63.77	$65.00	37.3%	10.7%	19.9%	18.5%	42.7%	-0.2%	1.7%	-10.4K	8.0K	-1.8K	0.14	105.88	N/A	N/A	377	52	70	96
2022-04-25	$64.03	$65.00	43.2%	12.4%	19.8%	23.8%	44.6%	-3.4%	-10.1%	71.7K	-1.2M	-5.8K	0.58	108.24	N/A	N/A	89	52	483	96
2022-04-26	$62.03	$65.00	40.8%	11.7%	22.9%	21.6%	48.4%	8.4%	19.5%	59.7K	-983.8K	-5.5K	0.48	107.95	N/A	N/A	155	75	483	96
2022-04-27	$61.74	$65.00	43.8%	12.6%	19.6%	24.4%	0.0%	8.1%	7.3%	43.9K	-617.8K	-5.6K	0.00	110.90	N/A	N/A	277	0	424	137
2022-04-28	$62.73	$65.00	39.5%	11.3%	20.2%	20.4%	43.8%	-2.1%	-10.9%	25.9K	-396.5K	-4.5K	0.20	87.56	N/A	N/A	367	75	285	137
2022-04-29	$61.56	$65.00	46.2%	13.3%	21.2%	26.5%	50.4%	12.7%	-5.9%	23.8K	-288.2K	-4.4K	0.50	98.78	N/A	N/A	150	75	285	137