CTL Options History — February 2007

In February 2007, CTL traded between $44.32 and $45.99. ATM implied volatility averaged 16.3%. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 3.7% (HV 20d: 12.6%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.93.

Notable Days

  • 2007-02-14: Highest Volume — 1,692 contracts
  • 2007-02-08: Largest IV drop — 21.0% change
  • 2007-02-01: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.15$44.32$45.99$44.74$44.75
Max Pain$43.42$35.00$45.00$45.00$45.00
ATM IV16.3%14.2%19.8%18.8%15.9%
Expected Move4.5%4.1%5.4%5.4%4.6%
HV 20d12.6%10.9%16.2%11.0%16.1%
Term Structure-0.4%-3.1%0.4%-3.1%0.0%
VWIV15.5%13.3%18.8%18.8%15.9%
Skew 25d1.7%-1.3%3.8%0.2%3.5%
Skew 10d2.9%-1.6%5.9%0.6%5.3%
Call IV 25d13.6%12.1%17.0%17.0%15.3%
Put IV 25d15.2%12.6%18.8%17.3%18.8%
Bid-Ask Spread %10.824.1787.095.5287.09
Gamma HHI0.550.370.700.540.62
Net GEX475.2K-604.0K842.7K522.1K717.1K
Net DEX-24.3M-28.0M-20.1M-22.1M-23.6M
Net VEX-102.3K-108.0K-98.2K-107.1K-107.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.003.350.341.61
Total Volume246.368131,6924381
Total OI11,207.52610,63312,59010,82611,607

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-02-01$44.74$45.0018.8%5.4%11.0%0.0%18.8%0.2%-3.1%522.1K-22.1M-107.1K0.345.52N/AN/A32118,2812,545
2007-02-02$44.92$35.0018.1%4.5%11.1%0.0%15.6%1.3%-0.4%470.4K-23.1M-105.0K0.964.17N/AN/A25248,2842,554
2007-02-05$45.27$45.0019.8%4.5%11.2%0.0%15.8%2.2%-0.2%445.8K-24.1M-103.4K0.414.98N/AN/A51218,2832,578
2007-02-06$45.28$45.0018.4%4.5%10.9%0.0%13.3%2.5%-0.2%424.1K-24.5M-101.5K0.004.57N/AN/A1308,2912,599
2007-02-07$45.00$45.0019.3%4.5%11.1%0.0%15.5%1.4%-0.6%442.2K-23.3M-102.3K0.154.83N/AN/A66108,3002,599
2007-02-08$44.85$35.0015.2%4.4%11.2%0.0%0.0%1.4%-0.1%433.7K-22.7M-103.4K0.004.52N/AN/A2108,3392,599
2007-02-09$44.51$35.0015.7%4.5%11.6%0.0%15.0%-1.3%-0.4%402.6K-21.3M-103.9K0.285.90N/AN/A153438,3602,599
2007-02-12$44.32$45.0015.3%4.4%11.6%0.0%0.0%-0.1%-0.1%410.4K-20.1M-104.8K1.086.70N/AN/A24268,4572,642
2007-02-13$44.76$45.0015.4%4.4%12.0%0.0%15.4%0.4%-0.4%297.8K-21.6M-103.3K0.015.56N/AN/A6918,4622,657
2007-02-14$45.01$45.0016.4%4.7%11.4%0.0%16.4%2.2%-1.0%398.3K-23.2M-101.5K2.276.60N/AN/A5171,1758,4782,657
2007-02-15$45.99$45.0015.7%4.5%13.1%0.0%15.7%3.8%-0.5%166.7K-27.5M-98.3K1.158.63N/AN/A2903338,9293,661
2007-02-16$45.32$45.0015.2%4.4%14.0%0.0%15.2%2.1%-0.6%-604.0K-27.0M-101.0K0.766.96N/AN/A1591218,9893,584
2007-02-20$45.50$45.0014.7%4.2%13.9%0.0%14.7%2.5%-0.2%842.7K-26.0M-98.2K3.357.83N/AN/A431448,5772,056
2007-02-21$45.52$45.0014.3%4.1%13.8%0.0%14.3%2.4%0.2%809.0K-26.4M-98.3K1.656.96N/AN/A1722838,6182,169
2007-02-22$45.66$45.0014.2%4.1%13.7%0.0%14.2%2.2%0.3%754.8K-27.2M-98.2K0.767.21N/AN/A1361038,7192,355
2007-02-23$45.99$45.0014.4%4.1%12.6%0.0%14.4%1.7%0.4%718.7K-28.0M-100.4K2.188.08N/AN/A39858,8182,446
2007-02-26$45.90$45.0015.4%4.4%12.1%0.0%15.4%2.0%-0.0%681.6K-27.9M-98.8K0.739.70N/AN/A95698,8522,531
2007-02-27$44.60$45.0017.1%4.9%16.2%0.0%17.1%1.3%-0.8%694.0K-23.1M-108.0K0.009.70N/AN/A24608,9082,560
2007-02-28$44.75$45.0015.9%4.6%16.1%0.0%15.9%3.5%0.0%717.1K-23.6M-107.2K1.6187.09N/AN/A31509,0472,560