CSGS Options History — September 2023

In September 2023, CSGS traded between $51.06 and $54.74. ATM implied volatility averaged 43.2%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 21.9% (HV 20d: 21.3%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.95.

Notable Days

  • 2023-09-28: Highest Volume — 871 contracts
  • 2023-09-20: Largest IV spike — 129.5% change
  • 2023-09-21: Highest IV Rank — 82.9%
  • 2023-09-21: Largest Expected Move — 21.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.60$51.06$54.74$54.74$51.06
Max Pain$50.25$50.00$55.00$55.00$50.00
ATM IV43.2%20.5%74.6%45.1%47.3%
Expected Move10.0%5.9%21.4%12.9%13.6%
HV 20d21.3%14.1%22.8%14.1%20.2%
HV 60d35.1%34.4%35.9%34.9%34.4%
IV Rank37.7%5.5%82.9%40.3%43.9%
IV Percentile65.8%5.2%99.6%83.7%89.7%
Term Structure-0.3%-18.4%20.4%-11.7%-6.2%
VWIV23.4%14.7%37.9%37.9%26.7%
Skew 25d5.6%-39.3%39.2%-39.3%32.2%
Skew 10d-6.8%-49.3%22.5%-49.3%7.5%
Call IV 25d37.7%15.7%72.0%72.0%33.7%
Put IV 25d43.4%26.2%74.1%32.7%65.9%
Bid-Ask Spread %111.73101.59125.25118.05102.58
Gamma HHI0.410.290.570.490.41
Net GEX-17.4K-32.1K-10.9K-11.4K-24.8K
Net DEX188.9K77.3K376.2K77.3K376.2K
Net VEX-1.5K-6.5K-836-930-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.004.300.004.30
Total Volume78.850871253
Total OI374.45174906376906

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$54.74$55.0045.1%12.9%14.1%40.3%0.0%-39.3%-11.7%-11.4K77.3K-9300.00118.05N/AN/A0227349
2023-09-05$52.63$50.0066.0%10.1%19.9%69.9%37.9%22.1%-7.7%-17.2K145.6K-9540.00113.25N/AN/A0127351
2023-09-06$53.63$50.0066.4%9.1%21.2%70.4%0.0%-2.2%-4.6%-12.1K127.7K-9740.00125.25N/AN/A0127352
2023-09-07$54.00$50.0065.0%8.2%21.3%68.4%27.0%5.7%-3.1%-16.3K97.6K-8360.00112.34N/AN/A05127353
2023-09-08$53.27$50.0065.7%7.5%21.7%69.4%0.0%-2.4%-4.4%-23.6K182.0K-1.0K0.00111.06N/AN/A0027402
2023-09-11$53.95$50.0038.4%9.5%21.4%30.7%14.7%22.6%-13.4%-19.1K160.5K-1.1K0.00111.20N/AN/A397027402
2023-09-12$53.81$50.0044.8%7.0%21.0%39.8%15.5%15.4%2.5%-19.6K167.5K-1.1K0.00108.41N/AN/A430139402
2023-09-13$52.47$50.0025.1%7.2%22.3%11.9%0.0%1.7%11.3%-21.0K242.2K-1.2K0.00106.81N/AN/A00160402
2023-09-14$53.03$50.0036.9%10.6%22.8%28.5%0.0%-6.3%-9.1%-16.6K244.9K-1.2K0.00101.59N/AN/A00160401
2023-09-15$52.84$50.0035.6%10.2%22.5%27.0%0.0%5.6%-4.6%-11.2K264.1K-1.2K0.00120.94N/AN/A10160401
2023-09-18$52.58$50.0037.7%10.8%22.5%30.1%0.0%19.0%-5.4%-10.9K151.8K-1.1K0.00117.31N/AN/A5022152
2023-09-19$52.64$50.0020.5%5.9%22.5%5.5%18.5%-5.7%15.4%-12.8K87.5K-1.1K0.00110.58N/AN/A2027152
2023-09-20$52.37$50.0047.2%13.5%22.4%43.6%26.7%13.2%-18.4%-13.1K152.5K-1.2K3.29107.74N/AN/A72329152
2023-09-21$52.03$50.0074.6%21.4%22.4%82.9%0.0%39.2%-3.2%-12.2K142.7K-1.4K0.00113.16N/AN/A0032175
2023-09-22$51.81$50.0027.4%7.9%22.1%15.3%0.0%-4.3%8.6%-14.2K137.9K-1.2K0.00110.00N/AN/A0032175
2023-09-25$51.50$50.0023.8%6.8%21.9%10.1%0.0%-7.9%14.1%-15.9K168.5K-1.3K0.00106.40N/AN/A0032175
2023-09-26$51.18$50.0032.4%9.3%21.7%22.5%0.0%24.2%20.4%-16.3K202.0K-1.3K0.00116.77N/AN/A010732175
2023-09-27$51.27$50.0030.1%8.6%21.6%19.2%0.0%-26.8%5.2%-32.1K338.2K-1.9K0.00112.12N/AN/A13032274
2023-09-28$51.27$50.0033.8%9.7%20.7%24.4%0.0%6.2%8.6%-27.1K310.3K-2.1K0.95109.09N/AN/A44742445274
2023-09-29$51.06$50.0047.3%13.6%20.2%43.9%0.0%32.2%-6.2%-24.8K376.2K-6.5K4.30102.58N/AN/A1043343563