CSGS Options History — March 2023

In March 2023, CSGS traded between $50.23 and $57.29. ATM implied volatility averaged 26.3%, placing in the 3.3% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 0.7% (HV 20d: 25.7%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 17.89.

Notable Days

  • 2023-03-15: Highest Volume — 222 contracts
  • 2023-03-30: Largest IV spike — 48.2% change
  • 2023-03-13: Highest IV Rank — 9.2%
  • 2023-03-30: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.32$50.23$57.29$57.29$53.56
Max Pain$57.83$55.00$60.00$60.00$55.00
ATM IV26.3%20.5%38.3%24.8%20.5%
Expected Move7.2%5.9%9.3%7.1%5.9%
HV 20d25.7%16.0%30.9%19.9%30.7%
HV 60d22.5%19.7%24.2%21.7%23.1%
IV Rank3.3%0.4%9.2%2.5%0.4%
IV Percentile12.4%0.8%55.2%4.8%0.8%
Term Structure4.0%-2.2%7.9%-1.7%7.9%
VWIV28.7%22.0%38.3%31.4%31.0%
Skew 25d6.3%3.2%11.4%5.0%6.1%
Skew 10d12.0%2.7%18.5%4.2%8.1%
Call IV 25d21.2%13.0%27.6%19.8%20.0%
Put IV 25d27.5%23.0%36.3%24.8%26.1%
Bid-Ask Spread %81.2453.8793.0689.1482.02
Gamma HHI0.450.240.800.570.25
Net GEX-20.6K-32.0K-5.3K-7.6K-23.0K
Net DEX270.4K52.6K447.5K52.6K276.0K
Net VEX-1.4K-2.6K-288-406-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio17.890.00100.001.330.00
Total Volume22.391022200
Total OI305.878352283522

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$57.29$60.0024.8%7.1%19.9%2.5%0.0%5.0%-1.7%-7.6K52.6K-4060.0089.14N/AN/A002459
2023-03-02$56.95$60.0024.5%7.0%18.3%2.4%0.0%4.2%-2.2%-8.5K65.6K-4000.0078.72N/AN/A0212459
2023-03-03$57.16$60.0023.2%6.6%16.0%1.7%0.0%11.4%-1.5%-13.5K88.4K-5150.0073.65N/AN/A002480
2023-03-06$55.84$60.0022.7%5.9%17.3%1.5%0.0%4.5%4.1%-19.8K140.3K-5000.0066.12N/AN/A002480
2023-03-07$55.42$60.0023.0%5.9%16.8%1.6%0.0%4.2%4.3%-20.8K157.8K-5030.0071.21N/AN/A002480
2023-03-08$55.91$60.0023.2%6.0%17.1%1.7%0.0%4.3%4.2%-20.3K135.5K-4830.0077.43N/AN/A002480
2023-03-09$53.42$60.0024.3%6.2%22.5%2.3%0.0%3.2%3.5%-16.6K243.9K-4280.0053.87N/AN/A002480
2023-03-10$52.32$60.0027.1%7.3%22.9%3.7%0.0%4.3%2.8%-11.6K266.3K-3850.0087.82N/AN/A002480
2023-03-13$50.28$60.0038.3%7.6%25.1%9.2%31.4%5.2%2.0%-5.4K297.7K-2880.0084.21N/AN/A012480
2023-03-14$50.32$60.0034.9%7.5%25.2%7.6%26.2%5.4%2.4%-5.3K296.5K-2880.0093.06N/AN/A01412481
2023-03-15$50.23$60.0030.9%8.9%25.3%5.6%38.3%8.8%2.0%-14.3K447.5K-1.5K0.0089.09N/AN/A022224222
2023-03-16$52.02$60.0028.4%8.2%29.7%4.3%0.0%7.2%4.4%-31.9K435.5K-1.8K0.0092.92N/AN/A0124414
2023-03-17$52.02$60.0030.1%8.6%29.3%5.2%23.8%8.2%3.9%-26.3K428.7K-1.8K1.3393.06N/AN/A3424407
2023-03-20$53.17$55.0023.7%6.8%30.7%2.0%0.0%8.4%6.1%-22.0K227.2K-1.6K0.0082.67N/AN/A1021381
2023-03-21$53.44$55.0022.6%6.5%30.9%1.5%28.4%8.6%6.1%-20.4K195.1K-1.4K100.0082.36N/AN/A110022381
2023-03-22$52.47$55.0028.0%8.0%30.3%4.1%0.0%6.2%4.5%-29.2K352.2K-2.5K0.0079.86N/AN/A0023481
2023-03-23$51.85$55.0028.6%8.2%30.4%4.4%28.7%6.9%5.1%-32.0K379.3K-2.6K0.0077.68N/AN/A0123481
2023-03-24$52.00$55.0027.8%8.0%30.2%4.0%0.0%6.3%5.0%-31.2K367.6K-2.5K6.0083.47N/AN/A21223482
2023-03-27$52.52$55.0022.1%6.3%30.6%1.2%22.0%7.3%7.1%-29.6K357.1K-2.5K0.0081.63N/AN/A3025493
2023-03-28$52.70$55.0022.3%6.4%30.7%1.3%0.0%6.5%7.4%-27.7K339.9K-2.5K0.0081.97N/AN/A0028493
2023-03-29$52.77$55.0021.9%6.3%30.1%1.1%0.0%6.3%7.2%-27.6K336.8K-2.4K0.0080.74N/AN/A0028493
2023-03-30$52.77$55.0032.4%9.3%30.1%6.3%31.0%5.8%6.7%-28.8K331.7K-2.3K0.0085.78N/AN/A2028493
2023-03-31$53.56$55.0020.5%5.9%30.7%0.4%0.0%6.1%7.9%-23.0K276.0K-2.2K0.0082.02N/AN/A0029493