CSGS Options History — February 2025

In February 2025, CSGS traded between $58.56 and $66.72. ATM implied volatility averaged 44.3%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 14.5% (HV 20d: 29.8%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 2.07.

Notable Days

2025-02-11: Highest Volume — 84 contracts
2025-02-06: Largest IV drop — 31.1% change
2025-02-04: Highest IV Rank — 34.1%
2025-02-04: Largest Expected Move — 17.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$63.53	$58.56	$66.72	$58.56	$64.03
Max Pain	$55.53	$55.00	$60.00	$55.00	$60.00
ATM IV	44.3%	35.4%	60.3%	49.6%	35.4%
Expected Move	12.5%	10.2%	17.3%	14.2%	10.2%
HV 20d	29.8%	21.1%	33.1%	21.2%	32.7%
HV 60d	26.7%	26.0%	29.1%	29.1%	27.2%
IV Rank	19.9%	10.4%	34.1%	25.2%	10.4%
IV Percentile	39.3%	13.5%	76.6%	55.2%	13.5%
Term Structure	-5.7%	-23.6%	5.4%	-10.2%	2.0%
VWIV	45.4%	29.7%	66.8%	43.1%	58.8%
Skew 25d	3.0%	-21.0%	31.7%	25.6%	9.8%
Skew 10d	10.1%	-33.2%	110.8%	24.8%	110.8%
Call IV 25d	47.0%	37.8%	86.5%	44.9%	53.4%
Put IV 25d	50.0%	35.5%	76.8%	70.5%	63.2%
Bid-Ask Spread %	113.63	99.60	119.18	112.57	119.18
Gamma HHI	0.39	0.21	0.63	0.47	0.36
Net GEX	5.8K	-5.3K	24.9K	9.5K	8
Net DEX	-370.2K	-615.4K	-171.0K	-175.0K	-176.1K
Net VEX	-829	-1.2K	-517	-993	-869
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.07	0.00	20.00	0.00	2.25
Total Volume	20.842	0	84	9	1
Total OI	329.789	185	461	259	255

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
2025-02-03	$58.56	$55.00	49.6%	14.2%	21.2%	25.2%	43.1%	25.6%	-10.2%	9.5K	-175.0K	-993	0.00	112.57	N/A	N/A	9	0	101	158
2025-02-04	$59.86	$55.00	60.3%	17.3%	21.6%	34.1%	66.8%	26.6%	-23.6%	9.7K	-272.7K	-887	0.00	114.67	N/A	N/A	2	0	107	158
2025-02-05	$60.60	$55.00	60.1%	17.2%	21.1%	34.0%	61.3%	31.7%	-23.0%	10.8K	-324.6K	-844	0.47	99.60	N/A	N/A	17	8	107	158
2025-02-06	$65.13	$55.00	41.4%	11.4%	29.1%	18.3%	29.7%	-2.4%	5.4%	13.4K	-541.4K	-562	0.27	111.83	N/A	N/A	63	17	114	171
2025-02-07	$64.39	$55.00	48.9%	11.2%	30.2%	24.7%	37.6%	5.0%	0.6%	13.9K	-528.4K	-726	0.12	113.75	N/A	N/A	26	3	120	185
2025-02-10	$63.42	$55.00	54.1%	12.9%	30.3%	29.0%	42.1%	0.0%	-8.8%	15.9K	-519.4K	-930	0.67	113.48	N/A	N/A	3	2	137	188
2025-02-11	$62.93	$55.00	42.9%	13.7%	31.1%	19.6%	0.0%	-4.9%	-8.8%	24.9K	-509.5K	-848	0.00	107.36	N/A	N/A	0	84	140	190
2025-02-12	$62.84	$55.00	36.1%	10.4%	31.4%	14.0%	0.0%	-1.3%	-1.4%	118	-474.2K	-1.1K	20.00	118.35	N/A	N/A	2	40	140	274
2025-02-13	$63.42	$55.00	42.8%	12.3%	31.4%	19.5%	43.6%	1.3%	-9.4%	190	-505.1K	-993	1.00	116.14	N/A	N/A	2	2	140	312
2025-02-14	$63.89	$55.00	44.3%	12.7%	31.4%	20.8%	0.0%	-7.6%	-10.7%	-690	-477.1K	-1.0K	6.00	114.17	N/A	N/A	1	6	142	314
2025-02-18	$63.34	$55.00	36.9%	10.6%	32.1%	14.6%	48.6%	-7.6%	0.5%	-4.3K	-332.5K	-914	0.80	114.15	N/A	N/A	5	4	142	319
2025-02-19	$63.81	$55.00	42.5%	12.2%	31.4%	19.3%	0.0%	-9.0%	-6.3%	-4.4K	-360.9K	-828	0.00	116.46	N/A	N/A	15	0	139	318
2025-02-20	$63.90	$55.00	40.9%	11.7%	31.5%	16.3%	0.0%	-4.7%	-2.1%	-5.3K	-338.8K	-719	0.00	117.80	N/A	N/A	5	0	133	318
2025-02-21	$64.56	$55.00	41.0%	11.8%	31.5%	16.3%	33.1%	-21.0%	0.9%	5.2K	-615.4K	-535	0.50	115.56	N/A	N/A	2	1	138	318
2025-02-24	$66.03	$55.00	37.6%	10.8%	31.5%	13.4%	34.7%	18.7%	5.2%	6.7K	-228.6K	-517	1.00	110.62	N/A	N/A	1	1	58	127
2025-02-25	$66.72	$55.00	44.0%	12.6%	31.4%	17.8%	51.7%	14.0%	-1.0%	5.2K	-233.5K	-598	0.10	109.60	N/A	N/A	20	2	59	128
2025-02-26	$65.80	$55.00	47.7%	13.7%	32.4%	21.0%	38.6%	0.7%	-19.8%	7.1K	-249.6K	-694	2.25	114.97	N/A	N/A	16	36	73	130
2025-02-27	$63.89	$60.00	35.5%	10.2%	33.1%	10.5%	0.0%	-17.4%	2.2%	1.5K	-171.0K	-1.2K	0.00	118.65	N/A	N/A	0	0	89	166
2025-02-28	$64.03	$60.00	35.4%	10.2%	32.7%	10.4%	58.8%	9.8%	2.0%	8	-176.1K	-869	0.00	119.18	N/A	N/A	0	1	89	166