CYD Options History — February 2013

In February 2013, CYD traded between $15.57 and $17.66. ATM implied volatility averaged 31.5%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 2.0% (HV 20d: 33.5%). Max pain ranged from $15.00 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.44.

Notable Days

2013-02-27: Highest Volume — 365 contracts
2013-02-07: Largest IV spike — 53.5% change
2013-02-26: Highest IV Rank — 40.3%
2013-02-26: Largest Expected Move — 12.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.60	$15.57	$17.66	$17.38	$15.57
Max Pain	$17.50	$15.00	$22.50	$22.50	$15.00
ATM IV	31.5%	22.7%	42.5%	29.5%	31.2%
Expected Move	9.3%	6.5%	12.2%	9.6%	8.9%
HV 20d	33.5%	28.3%	43.6%	29.7%	43.5%
HV 60d	31.7%	29.3%	35.3%	31.7%	35.3%
IV Rank	20.2%	4.3%	40.3%	16.5%	19.6%
IV Percentile	32.3%	3.6%	70.2%	21.8%	28.6%
Term Structure	0.6%	-7.3%	12.3%	-0.4%	0.7%
VWIV	32.0%	20.2%	57.7%	33.4%	22.3%
Skew 25d	5.6%	-4.3%	13.6%	2.8%	8.6%
Skew 10d	10.1%	-2.5%	23.2%	3.1%	12.3%
Call IV 25d	28.6%	19.9%	39.2%	23.3%	23.0%
Put IV 25d	34.3%	23.6%	52.6%	26.1%	31.6%
Bid-Ask Spread %	27.17	15.28	81.09	27.44	20.54
Gamma HHI	0.35	0.25	0.55	0.28	0.55
Net GEX	6.5K	1.2K	13.9K	3.6K	8.1K
Net DEX	-337.2K	-768.1K	238.3K	-768.1K	238.3K
Net VEX	-5.8K	-6.1K	-5.1K	-6.0K	-5.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.00	1.45	0.80	1.45
Total Volume	73.684	9	365	9	184
Total OI	2,261.526	1,915	2,502	2,333	2,115

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
2013-02-01	$17.38	$22.50	29.5%	9.6%	29.7%	16.5%	33.4%	2.8%	-0.4%	3.6K	-768.1K	-6.0K	0.80	27.44	N/A	N/A	5	4	1,216	1,117
2013-02-04	$16.82	$17.50	32.3%	10.1%	30.5%	21.7%	0.0%	11.7%	-1.2%	4.3K	-547.7K	-5.9K	0.00	18.90	N/A	N/A	27	0	1,221	1,117
2013-02-05	$16.90	$17.50	29.6%	9.9%	29.1%	16.9%	0.0%	-2.5%	0.9%	2.4K	-534.1K	-5.9K	0.00	28.44	N/A	N/A	9	0	1,198	1,117
2013-02-06	$16.60	$17.50	24.1%	9.2%	28.3%	6.8%	0.0%	7.9%	-0.9%	3.4K	-361.0K	-5.7K	1.07	15.94	N/A	N/A	55	59	1,207	1,117
2013-02-07	$16.19	$17.50	36.9%	10.6%	29.2%	30.1%	0.0%	4.7%	-4.1%	3.2K	-79.9K	-5.6K	1.00	20.61	N/A	N/A	10	10	1,198	1,173
2013-02-08	$16.55	$17.50	34.3%	9.8%	30.1%	25.2%	34.3%	7.8%	-1.4%	1.2K	-234.7K	-5.8K	0.36	18.60	N/A	N/A	14	5	1,206	1,183
2013-02-11	$16.40	$17.50	27.2%	7.8%	30.2%	12.4%	22.0%	8.1%	-1.0%	2.8K	-188.6K	-5.8K	0.07	18.42	N/A	N/A	150	10	1,220	1,185
2013-02-12	$16.44	$17.50	24.1%	6.9%	30.2%	6.7%	29.4%	9.5%	6.3%	4.8K	-252.4K	-6.0K	0.45	18.75	N/A	N/A	38	17	1,292	1,195
2013-02-13	$16.54	$17.50	32.1%	9.2%	29.4%	21.3%	0.0%	7.2%	-0.6%	4.3K	-289.6K	-5.9K	0.00	81.09	N/A	N/A	0	16	1,302	1,192
2013-02-14	$16.77	$17.50	34.2%	9.8%	29.6%	25.2%	30.1%	7.2%	-0.4%	2.7K	-407.9K	-6.0K	0.00	19.31	N/A	N/A	41	0	1,288	1,194
2013-02-15	$16.94	$17.50	33.4%	9.6%	29.5%	23.6%	0.0%	-0.1%	0.1%	1.3K	-565.4K	-6.0K	0.00	30.98	N/A	N/A	10	0	1,308	1,194
2013-02-19	$17.66	$17.50	30.7%	8.8%	33.4%	18.8%	30.7%	5.5%	-1.0%	8.2K	-654.6K	-5.3K	0.07	15.28	N/A	N/A	175	13	1,041	874
2013-02-20	$16.82	$17.50	34.3%	9.8%	37.3%	25.3%	0.0%	-4.3%	-2.9%	9.9K	-441.0K	-5.9K	0.08	29.62	N/A	N/A	66	5	1,126	883
2013-02-21	$16.67	$17.50	27.2%	7.8%	37.3%	12.4%	20.2%	7.6%	12.3%	11.3K	-340.0K	-6.0K	0.21	40.92	N/A	N/A	48	10	1,159	888
2013-02-22	$16.79	$17.50	36.0%	10.3%	37.4%	28.3%	0.0%	6.8%	-4.9%	13.9K	-427.8K	-6.0K	1.00	23.40	N/A	N/A	10	10	1,205	888
2013-02-25	$16.20	$17.50	35.8%	10.3%	38.7%	28.1%	39.4%	1.6%	9.8%	12.5K	-251.9K	-6.0K	0.00	27.08	N/A	N/A	12	0	1,215	893
2013-02-26	$16.56	$17.50	42.5%	12.2%	39.4%	40.3%	57.7%	13.6%	-7.3%	13.0K	-366.9K	-6.1K	0.83	29.76	N/A	N/A	12	10	1,219	893
2013-02-27	$15.62	$15.00	22.7%	6.5%	43.6%	4.3%	22.3%	3.7%	8.0%	12.4K	66.3K	-5.3K	0.44	31.23	N/A	N/A	253	112	1,227	903
2013-02-28	$15.57	$15.00	31.2%	8.9%	43.5%	19.6%	0.0%	8.6%	0.7%	8.1K	238.3K	-5.1K	1.45	20.54	N/A	N/A	75	109	1,143	972