CSGS Options History — February 2024

In February 2024, CSGS traded between $46.23 and $54.84. ATM implied volatility averaged 32.4%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 20.3% (HV 20d: 52.7%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 5.17.

Notable Days

2024-02-08: Highest Volume — 123 contracts
2024-02-28: Largest IV spike — 48.1% change
2024-02-06: Highest IV Rank — 57.6%
2024-02-28: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.02	$46.23	$54.84	$50.74	$54.55
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	32.4%	19.4%	56.9%	48.6%	31.5%
Expected Move	8.5%	5.6%	12.3%	10.6%	9.0%
HV 20d	52.7%	21.4%	62.9%	21.4%	61.2%
HV 60d	36.4%	23.5%	40.9%	23.5%	38.3%
IV Rank	22.4%	3.8%	57.6%	45.7%	21.1%
IV Percentile	45.0%	1.2%	94.4%	86.5%	48.4%
Term Structure	-4.6%	-35.2%	14.7%	-7.6%	-5.4%
VWIV	32.7%	20.9%	57.1%	35.7%	57.1%
Skew 25d	5.4%	-10.8%	29.8%	5.5%	18.5%
Skew 10d	7.9%	-27.5%	43.4%	15.4%	30.7%
Call IV 25d	31.3%	20.5%	42.5%	33.4%	37.0%
Put IV 25d	36.7%	26.6%	57.3%	38.9%	55.5%
Bid-Ask Spread %	102.55	85.27	116.14	85.27	116.14
Gamma HHI	0.41	0.28	0.69	0.29	0.38
Net GEX	-46	-9.8K	13.0K	-5.7K	2.9K
Net DEX	404	-226.5K	422.1K	188.2K	-123.3K
Net VEX	-874	-1.2K	-670	-1.2K	-796
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.17	0.00	61.00	61.00	0.00
Total Volume	19.7	0	123	62	0
Total OI	380.05	286	506	377	295

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
2024-02-01	$50.74	$50.00	48.6%	10.6%	21.4%	45.7%	35.7%	5.5%	-7.6%	-5.7K	188.2K	-1.2K	61.00	85.27	N/A	N/A	1	61	228	149
2024-02-02	$48.28	$50.00	51.4%	10.0%	27.4%	49.7%	35.7%	-0.3%	-7.4%	-9.8K	340.3K	-906	0.33	93.05	N/A	N/A	3	1	229	148
2024-02-05	$46.41	$50.00	44.3%	11.6%	29.8%	39.5%	39.8%	6.4%	-10.8%	-9.4K	422.1K	-739	7.00	96.37	N/A	N/A	3	21	232	149
2024-02-06	$46.45	$50.00	56.9%	10.1%	29.6%	57.6%	0.0%	3.4%	-3.6%	-9.8K	416.3K	-670	0.11	94.90	N/A	N/A	9	1	232	146
2024-02-07	$46.23	$50.00	39.0%	11.2%	29.5%	32.0%	0.0%	11.6%	-13.0%	-7.5K	315.8K	-864	0.50	100.06	N/A	N/A	36	18	235	146
2024-02-08	$53.13	$50.00	23.6%	6.8%	59.0%	9.9%	23.1%	12.8%	-2.5%	4.6K	-128.2K	-1.0K	0.00	111.89	N/A	N/A	123	0	265	147
2024-02-09	$53.56	$50.00	24.6%	7.0%	58.8%	11.2%	22.6%	6.9%	-1.2%	4.7K	-166.1K	-1.0K	0.15	113.16	N/A	N/A	13	2	355	147
2024-02-12	$54.67	$50.00	27.0%	7.7%	58.8%	14.7%	26.9%	-10.8%	0.6%	4.1K	-223.9K	-873	0.07	107.21	N/A	N/A	58	4	352	149
2024-02-13	$52.30	$50.00	30.6%	8.8%	60.7%	19.9%	0.0%	13.1%	0.7%	-1.8K	54.1K	-890	0.00	107.39	N/A	N/A	0	0	353	153
2024-02-14	$52.85	$50.00	20.8%	6.0%	60.8%	5.9%	0.0%	8.4%	2.2%	10.8K	-149.4K	-844	0.00	104.25	N/A	N/A	10	0	353	119
2024-02-15	$53.50	$50.00	19.4%	5.6%	60.8%	3.8%	0.0%	8.0%	14.7%	13.0K	-226.5K	-893	0.00	106.47	N/A	N/A	0	0	363	119
2024-02-16	$53.23	$50.00	25.3%	7.2%	60.8%	12.2%	0.0%	3.0%	-1.6%	-176	-173.5K	-849	0.00	106.99	N/A	N/A	3	0	363	119
2024-02-20	$52.01	$50.00	34.2%	9.8%	61.2%	25.0%	0.0%	8.1%	-15.7%	-3.6K	3.5K	-812	0.00	93.80	N/A	N/A	8	0	199	87
2024-02-21	$52.93	$50.00	21.8%	6.3%	61.4%	7.3%	0.0%	-2.9%	-5.9%	109	-61.5K	-914	0.00	98.90	N/A	N/A	0	0	207	87
2024-02-22	$52.44	$50.00	23.8%	6.8%	61.5%	10.2%	20.9%	1.1%	7.2%	-1.4K	-35.9K	-886	3.25	91.74	N/A	N/A	4	13	207	87
2024-02-23	$53.98	$50.00	28.2%	8.1%	62.3%	16.4%	0.0%	-10.0%	-5.8%	-2.4K	-98.1K	-827	0.00	102.78	N/A	N/A	0	0	203	92
2024-02-26	$53.58	$50.00	24.8%	7.1%	62.4%	11.5%	0.0%	-2.4%	3.2%	239	-80.2K	-824	0.00	108.01	N/A	N/A	0	0	203	92
2024-02-27	$54.84	$50.00	29.0%	8.3%	62.9%	17.5%	0.0%	29.8%	-5.4%	5.1K	-141.9K	-711	0.00	103.25	N/A	N/A	1	0	203	92
2024-02-28	$54.72	$50.00	42.9%	12.3%	62.9%	37.5%	57.1%	-2.4%	-35.2%	5.3K	-123.8K	-970	0.00	109.37	N/A	N/A	1	0	204	92
2024-02-29	$54.55	$50.00	31.5%	9.0%	61.2%	21.1%	0.0%	18.5%	-5.4%	2.9K	-123.3K	-796	0.00	116.14	N/A	N/A	0	0	203	92