CSGS Options History — January 2025

In January 2025, CSGS traded between $49.76 and $58.86. ATM implied volatility averaged 61.3%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 39.3% (HV 20d: 22.0%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.44.

Notable Days

2025-01-29: Highest Volume — 131 contracts
2025-01-15: Largest IV drop — 68.7% change
2025-01-14: Highest IV Rank — 89.7%
2025-01-29: Largest Expected Move — 19.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.35	$49.76	$58.86	$50.63	$58.86
Max Pain	$54.00	$45.00	$55.00	$45.00	$55.00
ATM IV	61.3%	38.2%	127.0%	59.6%	62.9%
Expected Move	13.0%	10.3%	19.6%	17.1%	18.0%
HV 20d	22.0%	18.3%	24.8%	23.4%	21.5%
HV 60d	28.4%	27.8%	29.3%	28.3%	29.3%
IV Rank	35.0%	15.7%	89.7%	33.5%	36.3%
IV Percentile	63.6%	24.6%	99.6%	79.4%	79.0%
Term Structure	-11.6%	-27.0%	7.8%	-27.0%	-13.0%
VWIV	50.5%	29.1%	70.3%	29.1%	41.9%
Skew 25d	13.2%	-4.0%	29.6%	29.6%	29.4%
Skew 10d	17.8%	-37.7%	53.8%	53.8%	53.5%
Call IV 25d	47.7%	26.9%	60.0%	54.2%	39.7%
Put IV 25d	60.9%	44.8%	83.8%	83.8%	69.1%
Bid-Ask Spread %	120.71	93.48	127.44	123.17	109.02
Gamma HHI	0.37	0.28	0.49	0.36	0.42
Net GEX	-1.6K	-7.8K	7.2K	-4.8K	6.7K
Net DEX	-40.7K	-186.0K	10.2K	-11.5K	-186.0K
Net VEX	-453	-1.1K	-105	-641	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.00	1.33	0.00	1.33
Total Volume	8.85	0	131	1	7
Total OI	205.75	119	255	247	254

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
2025-01-02	$50.63	$45.00	59.6%	17.1%	23.4%	33.5%	0.0%	29.6%	-27.0%	-4.8K	-11.5K	-641	0.00	123.17	N/A	N/A	0	1	35	212
2025-01-03	$51.48	$45.00	63.1%	18.1%	23.8%	36.4%	0.0%	20.8%	-11.6%	-4.6K	-21.0K	-606	0.00	123.65	N/A	N/A	0	0	35	213
2025-01-06	$51.16	$55.00	68.3%	10.9%	23.8%	40.8%	0.0%	9.9%	7.8%	-7.8K	-53.5K	-338	0.00	124.30	N/A	N/A	0	0	35	213
2025-01-07	$50.35	$55.00	73.2%	10.3%	23.8%	44.9%	29.1%	20.0%	-1.7%	-5.1K	-11.6K	-509	0.00	120.82	N/A	N/A	6	0	35	213
2025-01-08	$50.48	$55.00	78.3%	10.3%	23.9%	49.2%	0.0%	25.7%	-6.6%	-4.8K	-20.0K	-512	0.00	126.97	N/A	N/A	0	0	41	213
2025-01-10	$49.76	$55.00	88.1%	10.6%	24.1%	57.3%	0.0%	5.2%	-8.2%	-4.8K	-6.5K	-492	0.00	126.41	N/A	N/A	0	0	41	213
2025-01-13	$50.55	$55.00	111.8%	11.7%	23.9%	77.0%	53.0%	7.8%	-15.5%	-4.7K	2.8K	-613	0.00	121.97	N/A	N/A	1	0	41	213
2025-01-14	$50.94	$55.00	127.0%	11.1%	24.2%	89.7%	0.0%	2.3%	-1.8%	-3.8K	-35.4K	-448	0.00	125.78	N/A	N/A	0	0	42	213
2025-01-15	$51.57	$55.00	39.7%	11.4%	24.1%	16.9%	0.0%	13.2%	2.0%	-179	-82.9K	-164	0.00	125.92	N/A	N/A	0	0	42	213
2025-01-16	$52.08	$55.00	43.3%	12.4%	24.4%	20.0%	0.0%	-1.1%	-13.2%	-2.7K	-56.6K	-373	0.00	122.83	N/A	N/A	0	0	42	213
2025-01-17	$52.65	$55.00	38.2%	11.0%	24.8%	15.7%	0.0%	14.0%	-10.7%	-1.4K	-100.3K	-303	0.00	123.45	N/A	N/A	0	0	42	213
2025-01-21	$54.05	$55.00	38.9%	11.2%	18.8%	16.3%	0.0%	26.5%	-10.8%	-489	-2.6K	-270	0.00	120.51	N/A	N/A	0	0	12	107
2025-01-22	$54.30	$55.00	41.3%	11.9%	18.3%	18.3%	0.0%	11.3%	-13.9%	-1.6K	-6.4K	-261	0.00	126.44	N/A	N/A	0	0	13	107
2025-01-23	$55.03	$55.00	40.6%	11.6%	18.7%	17.7%	0.0%	13.2%	-23.0%	1.6K	-22.4K	-105	0.00	122.31	N/A	N/A	0	0	13	107
2025-01-24	$54.76	$55.00	42.9%	12.3%	18.4%	19.6%	0.0%	3.6%	-11.1%	-273	-25.2K	-116	0.00	125.32	N/A	N/A	0	0	13	107
2025-01-27	$55.63	$55.00	43.4%	12.5%	18.9%	20.1%	0.0%	3.2%	-15.7%	-1.1K	10.2K	-372	0.00	127.44	N/A	N/A	0	0	13	107
2025-01-28	$56.35	$55.00	42.5%	12.2%	19.1%	19.3%	43.2%	20.3%	-20.8%	202	-11.9K	-239	0.00	120.38	N/A	N/A	10	0	13	107
2025-01-29	$58.44	$55.00	68.4%	19.6%	20.9%	40.8%	70.3%	-4.0%	-14.2%	-516	-13.7K	-554	0.41	93.48	N/A	N/A	93	38	23	107
2025-01-30	$57.94	$55.00	55.0%	15.8%	21.3%	29.7%	65.4%	12.5%	-23.9%	7.2K	-160.3K	-993	0.91	104.01	N/A	N/A	11	10	95	144
2025-01-31	$58.86	$55.00	62.9%	18.0%	21.5%	36.3%	41.9%	29.4%	-13.0%	6.7K	-186.0K	-1.1K	1.33	109.02	N/A	N/A	3	4	100	154