CEG Options History — January 2025

In January 2025, CEG traded between $242.42 and $346.44. ATM implied volatility averaged 50.4%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 39.5% (HV 20d: 90.0%). Max pain ranged from $215.00 to $300.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.04.

Notable Days

2025-01-10: Highest Volume — 95,060 contracts
2025-01-27: Largest IV spike — 30.8% change
2025-01-27: Highest IV Rank — 70.0%
2025-01-27: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$293.47	$242.42	$346.44	$242.42	$300.04
Max Pain	$267.13	$215.00	$300.00	$215.00	$295.00
ATM IV	50.4%	42.0%	66.0%	42.5%	62.8%
Expected Move	14.0%	12.1%	18.1%	12.5%	15.3%
HV 20d	90.0%	44.1%	128.0%	44.1%	128.0%
HV 60d	67.8%	49.5%	84.9%	49.5%	84.9%
IV Rank	42.9%	27.4%	70.0%	32.4%	64.0%
IV Percentile	78.8%	60.3%	98.8%	65.9%	97.2%
Term Structure	0.9%	-4.0%	8.5%	0.9%	-0.2%
VWIV	49.1%	42.1%	62.6%	45.6%	54.7%
Skew 25d	-0.0%	-2.8%	3.5%	0.5%	0.5%
Skew 10d	2.1%	-9.7%	18.1%	18.1%	6.0%
Call IV 25d	50.6%	42.5%	65.4%	42.5%	63.6%
Put IV 25d	50.5%	42.6%	68.8%	42.9%	64.0%
Bid-Ask Spread %	54.18	41.29	66.46	54.22	50.86
Gamma HHI	0.09	0.05	0.19	0.07	0.08
Net GEX	15.5M	-13.5M	39.0M	935.8K	10.8M
Net DEX	-963.9M	-2.05B	260.0M	-333.2M	-565.9M
Net VEX	-4.4M	-6.6M	-2.9M	-3.2M	-6.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.04	0.37	1.82	1.29	1.57
Total Volume	35,403.15	17,231	95,060	21,087	29,718
Total OI	195,764.65	157,301	252,063	157,301	231,894

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	$242.42	$215.00	42.5%	12.5%	44.1%	32.4%	45.6%	0.5%	0.9%	935.8K	-333.2M	-3.2M	1.29	54.22	N/A	N/A	9,194	11,893	60,799	96,502
2025-01-03	$253.17	$217.50	42.0%	12.1%	46.5%	31.5%	43.1%	0.4%	-0.1%	9.8M	-605.3M	-3.1M	0.46	56.58	N/A	N/A	11,828	5,403	64,080	95,973
2025-01-06	$266.41	$250.00	45.1%	13.4%	49.8%	36.8%	47.3%	-0.9%	0.9%	15.5M	-782.0M	-2.9M	0.37	58.39	N/A	N/A	16,706	6,200	61,409	96,493
2025-01-07	$254.52	$250.00	45.3%	12.9%	52.5%	37.0%	45.7%	-0.5%	-0.6%	9.8M	-578.5M	-3.3M	1.67	65.49	N/A	N/A	9,135	15,269	69,590	99,702
2025-01-08	$243.91	$250.00	47.0%	13.9%	50.8%	40.1%	48.2%	1.8%	0.6%	-1.9M	-307.8M	-3.6M	1.42	64.15	N/A	N/A	18,466	26,292	74,977	103,368
2025-01-10	$301.35	$250.00	49.0%	13.9%	89.0%	43.4%	48.3%	-1.8%	1.0%	27.6M	-1.68B	-3.4M	1.00	50.41	N/A	N/A	47,505	47,555	80,698	116,546
2025-01-13	$282.45	$250.00	46.0%	13.1%	93.0%	33.4%	46.2%	0.3%	-0.2%	21.0M	-1.09B	-4.0M	1.08	61.12	N/A	N/A	15,217	16,449	89,081	117,408
2025-01-14	$290.13	$250.00	44.5%	12.7%	93.2%	30.8%	44.6%	0.1%	-0.3%	27.4M	-1.31B	-4.2M	0.69	60.45	N/A	N/A	14,055	9,678	89,910	129,451
2025-01-15	$299.48	$250.00	42.7%	12.1%	93.4%	27.4%	42.1%	-0.2%	-0.1%	39.0M	-1.61B	-4.2M	0.78	66.17	N/A	N/A	12,181	9,451	94,175	135,932
2025-01-16	$314.87	$250.00	46.3%	13.5%	94.4%	33.6%	46.7%	-2.8%	1.4%	34.6M	-2.05B	-4.1M	0.67	66.46	N/A	N/A	31,349	21,115	96,807	137,505
2025-01-17	$315.65	$280.00	43.3%	12.4%	93.1%	28.0%	43.5%	-1.3%	-0.3%	20.7M	-1.95B	-4.6M	0.55	63.59	N/A	N/A	12,828	7,043	102,398	149,665
2025-01-21	$326.01	$280.00	47.2%	13.6%	91.3%	35.2%	45.7%	-1.5%	4.7%	20.1M	-1.26B	-4.2M	0.84	47.16	N/A	N/A	15,317	12,826	67,064	96,509
2025-01-22	$333.88	$285.00	47.5%	13.6%	91.1%	35.7%	47.6%	-2.3%	6.6%	23.3M	-1.36B	-4.2M	1.68	42.33	N/A	N/A	9,513	15,960	67,624	98,174
2025-01-23	$346.13	$290.00	49.8%	13.9%	91.2%	40.1%	49.8%	-1.6%	6.1%	31.0M	-1.56B	-4.4M	0.92	41.29	N/A	N/A	22,142	20,311	70,671	108,810
2025-01-24	$346.44	$290.00	50.5%	13.7%	91.2%	41.3%	48.0%	-1.4%	8.5%	29.7M	-1.54B	-4.7M	1.82	42.03	N/A	N/A	7,099	12,916	77,173	115,607
2025-01-27	$276.94	$300.00	66.0%	18.1%	126.0%	70.0%	62.6%	3.5%	-4.0%	-11.1M	260.0M	-5.5M	1.26	46.50	N/A	N/A	34,116	43,098	69,715	107,683
2025-01-28	$275.74	$300.00	64.0%	16.9%	126.1%	66.2%	59.6%	1.4%	-1.3%	-13.5M	244.9M	-6.0M	0.79	48.78	N/A	N/A	20,507	16,220	82,669	124,428
2025-01-29	$291.96	$295.00	65.4%	17.2%	126.9%	68.8%	59.2%	3.3%	-3.1%	1.4M	-301.6M	-6.3M	0.46	50.56	N/A	N/A	22,298	10,259	87,877	127,060
2025-01-30	$307.95	$295.00	61.9%	15.4%	127.6%	62.3%	54.0%	2.0%	-2.2%	13.8M	-900.3M	-6.1M	1.44	47.06	N/A	N/A	16,792	24,159	91,036	128,830
2025-01-31	$300.04	$295.00	62.8%	15.3%	128.0%	64.0%	54.7%	0.5%	-0.2%	10.8M	-565.9M	-6.6M	1.57	50.86	N/A	N/A	11,544	18,174	93,137	138,757