CEG Options History — February 2025

In February 2025, CEG traded between $246.61 and $327.66. ATM implied volatility averaged 55.5%, placing in the 50.6% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 37.9% (HV 20d: 93.5%). Max pain ranged from $290.00 to $300.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.07.

Notable Days

2025-02-21: Highest Volume — 55,263 contracts
2025-02-21: Largest IV spike — 23.9% change
2025-02-03: Highest IV Rank — 63.3%
2025-02-27: Largest Expected Move — 18.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$297.94	$246.61	$327.66	$305.77	$246.61
Max Pain	$298.29	$290.00	$300.00	$300.00	$290.00
ATM IV	55.5%	49.0%	62.4%	62.4%	58.6%
Expected Move	15.7%	14.1%	18.4%	15.6%	17.0%
HV 20d	93.5%	53.7%	125.7%	125.7%	53.7%
HV 60d	80.9%	80.0%	82.8%	80.4%	82.7%
IV Rank	50.6%	38.6%	63.3%	63.3%	56.3%
IV Percentile	85.7%	71.0%	96.8%	96.8%	91.3%
Term Structure	-0.9%	-2.7%	0.7%	-2.4%	-1.1%
VWIV	55.4%	49.8%	64.9%	56.4%	61.0%
Skew 25d	1.9%	0.8%	4.1%	1.0%	2.8%
Skew 10d	3.5%	-0.7%	8.1%	2.8%	5.6%
Call IV 25d	54.8%	49.0%	60.8%	60.8%	57.4%
Put IV 25d	56.7%	50.2%	64.5%	61.8%	60.2%
Bid-Ask Spread %	49.72	41.93	61.45	51.32	42.35
Gamma HHI	0.06	0.04	0.10	0.04	0.06
Net GEX	-3.6M	-36.5M	20.4M	-1.2M	-36.5M
Net DEX	-277.8M	-1.18B	1.19B	-514.9M	1.19B
Net VEX	-6.1M	-6.7M	-5.2M	-6.7M	-6.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.07	0.20	3.07	0.85	2.15
Total Volume	23,120.263	6,642	55,263	22,675	24,383
Total OI	221,585.632	197,042	250,430	213,464	250,430

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	$305.77	$300.00	62.4%	15.6%	125.7%	63.3%	56.4%	1.0%	-2.4%	-1.2M	-514.9M	-6.7M	0.85	51.32	N/A	N/A	12,233	10,442	78,857	134,607
2025-02-04	$305.54	$300.00	59.2%	15.3%	125.2%	57.4%	53.5%	1.6%	-1.4%	1.8M	-538.3M	-6.6M	0.54	49.94	N/A	N/A	7,912	4,238	82,480	135,847
2025-02-05	$313.40	$300.00	56.3%	14.2%	124.4%	52.0%	50.1%	1.4%	-1.4%	12.6M	-796.8M	-6.4M	0.34	51.72	N/A	N/A	14,487	4,858	85,317	138,053
2025-02-06	$311.70	$300.00	53.0%	15.1%	122.9%	46.0%	52.8%	1.0%	-0.8%	10.1M	-752.2M	-6.3M	0.47	47.05	N/A	N/A	7,666	3,626	85,823	139,108
2025-02-07	$310.23	$300.00	54.0%	15.4%	121.4%	47.9%	53.7%	1.3%	-1.8%	14.2M	-698.1M	-6.4M	0.73	47.47	N/A	N/A	10,487	7,651	87,533	139,714
2025-02-10	$318.11	$300.00	53.2%	15.0%	96.2%	46.3%	53.4%	1.7%	-0.5%	10.8M	-892.5M	-5.9M	0.79	48.66	N/A	N/A	5,865	4,619	79,165	130,201
2025-02-11	$310.81	$300.00	53.7%	15.2%	93.5%	47.2%	53.1%	0.8%	0.1%	5.4M	-673.1M	-6.0M	0.46	50.22	N/A	N/A	4,552	2,090	81,285	132,522
2025-02-12	$313.56	$300.00	53.3%	15.4%	93.1%	46.4%	53.7%	0.9%	0.6%	9.5M	-770.9M	-5.9M	0.95	51.82	N/A	N/A	6,432	6,123	83,145	133,505
2025-02-13	$311.75	$300.00	52.9%	15.3%	92.6%	45.8%	54.2%	1.5%	-0.4%	9.1M	-713.7M	-5.9M	0.20	49.93	N/A	N/A	13,277	2,648	84,596	134,482
2025-02-14	$316.70	$300.00	52.6%	15.2%	91.0%	45.3%	53.3%	0.8%	0.6%	16.8M	-892.7M	-5.7M	0.38	51.74	N/A	N/A	12,516	4,743	86,907	134,246
2025-02-18	$327.66	$300.00	49.1%	14.1%	91.8%	38.7%	50.3%	1.4%	-2.0%	20.4M	-1.18B	-5.2M	0.84	52.38	N/A	N/A	12,673	10,706	79,113	129,610
2025-02-19	$321.38	$300.00	49.0%	14.1%	91.3%	38.6%	51.1%	0.8%	0.7%	14.7M	-979.0M	-5.3M	1.24	54.78	N/A	N/A	10,096	12,553	82,034	135,879
2025-02-20	$309.99	$300.00	49.1%	14.1%	91.7%	38.7%	49.8%	1.1%	0.0%	-7.3M	-542.7M	-5.4M	0.96	61.45	N/A	N/A	15,296	14,757	84,834	142,500
2025-02-21	$284.04	$300.00	60.8%	17.5%	95.0%	60.3%	61.8%	3.2%	-1.8%	-27.1M	358.6M	-5.9M	3.07	55.44	N/A	N/A	13,573	41,690	85,088	149,569
2025-02-24	$268.23	$300.00	57.2%	16.7%	96.4%	53.7%	59.3%	3.9%	-0.7%	-29.4M	679.0M	-5.9M	2.77	41.93	N/A	N/A	12,791	35,469	65,290	131,752
2025-02-25	$264.73	$297.50	58.3%	16.9%	55.5%	55.7%	59.4%	2.3%	-2.7%	-32.2M	781.6M	-6.3M	0.98	43.56	N/A	N/A	12,032	11,769	71,391	149,179
2025-02-26	$270.71	$290.00	60.2%	17.9%	56.2%	59.1%	60.7%	3.9%	-1.3%	-25.0M	509.8M	-6.5M	0.84	50.08	N/A	N/A	16,275	13,659	77,044	148,655
2025-02-27	$249.95	$290.00	61.7%	18.4%	58.4%	62.0%	64.9%	4.1%	-1.2%	-35.2M	1.14B	-6.4M	1.82	42.88	N/A	N/A	12,455	22,643	84,899	155,467
2025-02-28	$246.61	$290.00	58.6%	17.0%	53.7%	56.3%	61.0%	2.8%	-1.1%	-36.5M	1.19B	-6.5M	2.15	42.35	N/A	N/A	7,741	16,642	91,133	159,297