CSGS Options History — February 2023

In February 2023, CSGS traded between $56.46 and $62.27. ATM implied volatility averaged 26.7%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 7.6% (HV 20d: 19.0%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.41.

Notable Days

2023-02-02: Highest Volume — 13 contracts
2023-02-21: Largest IV spike — 80.4% change
2023-02-01: Highest IV Rank — 18.2%
2023-02-01: Largest Expected Move — 16.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.82	$56.46	$62.27	$60.91	$56.46
Max Pain	$59.47	$50.00	$60.00	$50.00	$60.00
ATM IV	26.7%	21.7%	56.4%	56.4%	24.0%
Expected Move	7.5%	6.2%	16.2%	16.2%	6.9%
HV 20d	19.0%	17.1%	20.8%	18.1%	20.6%
HV 60d	22.4%	20.8%	24.3%	24.1%	21.5%
IV Rank	3.5%	1.0%	18.2%	18.2%	2.1%
IV Percentile	10.3%	1.6%	92.1%	92.1%	4.0%
Term Structure	-1.8%	-14.3%	2.0%	-14.3%	-1.8%
VWIV	30.0%	22.2%	44.6%	44.6%	28.6%
Skew 25d	5.0%	1.5%	11.2%	11.2%	1.5%
Skew 10d	10.2%	1.3%	22.9%	11.0%	1.3%
Call IV 25d	22.5%	19.4%	38.7%	38.7%	22.1%
Put IV 25d	27.4%	23.6%	49.9%	49.9%	23.6%
Bid-Ask Spread %	78.29	51.75	102.05	51.75	91.53
Gamma HHI	0.40	0.27	0.65	0.39	0.65
Net GEX	-404	-9.5K	4.7K	1.6K	-9.5K
Net DEX	-41.2K	-117.6K	74.4K	-81.9K	74.4K
Net VEX	-443	-555	-382	-555	-415
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.41	0.00	5.00	0.00	0.00
Total Volume	2.263	0	13	1	0
Total OI	87.684	76	93	89	83

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
2023-02-01	$60.91	$50.00	56.4%	16.2%	18.1%	18.2%	44.6%	11.2%	-14.3%	1.6K	-81.9K	-555	0.00	51.75	N/A	N/A	1	0	40	49
2023-02-02	$62.27	$60.00	26.4%	7.0%	19.4%	3.3%	24.6%	3.7%	-0.2%	3.9K	-117.6K	-462	0.86	83.95	N/A	N/A	7	6	40	49
2023-02-03	$61.81	$60.00	25.6%	6.9%	19.8%	2.9%	0.0%	4.2%	0.4%	3.4K	-104.5K	-468	0.00	85.78	N/A	N/A	0	0	40	51
2023-02-06	$60.78	$60.00	26.2%	6.9%	20.8%	3.2%	0.0%	4.5%	0.4%	1.8K	-77.2K	-495	0.00	77.61	N/A	N/A	0	0	40	51
2023-02-07	$61.13	$60.00	26.2%	6.9%	18.7%	3.2%	0.0%	4.7%	0.5%	2.4K	-90.9K	-449	0.00	72.78	N/A	N/A	0	0	40	51
2023-02-08	$60.66	$60.00	25.2%	7.2%	18.3%	2.7%	0.0%	4.2%	-3.8%	1.5K	-84.1K	-450	0.00	87.89	N/A	N/A	0	0	40	51
2023-02-09	$60.61	$60.00	24.8%	7.1%	18.3%	2.5%	0.0%	4.6%	0.2%	1.4K	-75.5K	-460	0.00	74.71	N/A	N/A	0	0	40	51
2023-02-10	$60.93	$60.00	24.8%	7.1%	18.2%	2.5%	0.0%	4.4%	0.4%	1.6K	-79.5K	-468	2.00	69.75	N/A	N/A	1	2	40	51
2023-02-13	$60.92	$60.00	24.5%	7.0%	17.9%	2.4%	0.0%	4.8%	0.4%	1.4K	-78.2K	-429	0.00	65.35	N/A	N/A	0	0	39	51
2023-02-14	$60.13	$60.00	22.9%	6.6%	18.5%	1.6%	0.0%	4.6%	2.0%	1.8K	-62.5K	-440	0.00	69.83	N/A	N/A	0	0	39	51
2023-02-15	$59.70	$60.00	22.1%	6.3%	18.7%	1.2%	0.0%	3.8%	1.5%	2.9K	-55.8K	-396	0.00	74.67	N/A	N/A	0	0	39	51
2023-02-16	$60.16	$60.00	22.2%	6.4%	17.3%	1.3%	22.2%	3.6%	-1.0%	4.7K	-68.2K	-382	1.00	99.14	N/A	N/A	4	4	39	51
2023-02-17	$60.64	$60.00	21.8%	6.3%	17.1%	1.0%	0.0%	4.7%	-0.5%	3.5K	-80.5K	-398	1.00	52.60	N/A	N/A	2	2	40	53
2023-02-21	$59.86	$60.00	39.3%	11.3%	17.9%	9.7%	28.6%	8.1%	-12.9%	-2.5K	-3.5K	-384	5.00	102.05	N/A	N/A	2	10	22	54
2023-02-22	$58.35	$60.00	22.3%	6.4%	20.3%	1.3%	0.0%	6.9%	-0.8%	-5.3K	27.0K	-445	0.00	95.17	N/A	N/A	2	0	22	59
2023-02-23	$57.73	$60.00	21.7%	6.2%	20.4%	1.0%	0.0%	4.4%	-0.7%	-6.3K	44.6K	-465	0.00	71.94	N/A	N/A	0	0	24	59
2023-02-24	$56.82	$60.00	24.9%	7.1%	20.7%	2.6%	0.0%	5.0%	-2.0%	-7.7K	61.8K	-437	0.00	77.41	N/A	N/A	0	0	24	59
2023-02-27	$56.80	$60.00	25.3%	7.3%	20.6%	2.8%	0.0%	5.3%	-2.5%	-8.3K	68.6K	-424	0.00	83.50	N/A	N/A	0	0	24	59
2023-02-28	$56.46	$60.00	24.0%	6.9%	20.6%	2.1%	0.0%	1.5%	-1.8%	-9.5K	74.4K	-415	0.00	91.53	N/A	N/A	0	0	24	59