CEG Options History — March 2025

In March 2025, CEG traded between $200.87 and $235.06. ATM implied volatility averaged 58.9%, placing in the 56.1% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded below realized volatility by 7.1% (HV 20d: 66.0%). Max pain ranged from $240.00 to $290.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.34.

Notable Days

2025-03-20: Highest Volume — 30,217 contracts
2025-03-14: Largest IV drop — 12.9% change
2025-03-10: Highest IV Rank — 82.0%
2025-03-10: Largest Expected Move — 24.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$216.41	$200.87	$235.06	$229.51	$201.69
Max Pain	$260.95	$240.00	$290.00	$290.00	$240.00
ATM IV	58.9%	48.6%	72.7%	63.5%	58.5%
Expected Move	18.3%	15.0%	24.1%	19.5%	17.2%
HV 20d	66.0%	57.7%	72.6%	57.7%	59.8%
HV 60d	86.9%	83.9%	88.7%	83.9%	88.7%
IV Rank	56.1%	36.9%	82.0%	65.3%	54.6%
IV Percentile	85.0%	61.5%	99.6%	97.6%	87.3%
Term Structure	-0.9%	-3.6%	2.8%	-2.5%	1.7%
VWIV	63.3%	53.5%	84.0%	68.4%	58.6%
Skew 25d	5.0%	1.4%	6.7%	6.0%	5.6%
Skew 10d	10.6%	-11.8%	33.8%	14.1%	0.4%
Call IV 25d	56.1%	45.9%	67.9%	59.5%	54.6%
Put IV 25d	61.0%	50.9%	74.6%	65.6%	60.2%
Bid-Ask Spread %	56.69	48.73	68.62	48.73	53.97
Gamma HHI	0.10	0.07	0.29	0.08	0.11
Net GEX	-25.1M	-35.1M	-10.2M	-33.6M	-21.4M
Net DEX	1.09B	429.0M	1.82B	1.47B	880.5M
Net VEX	-5.6M	-6.2M	-5.3M	-6.1M	-5.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.34	0.68	3.43	1.30	0.78
Total Volume	16,670.048	6,778	30,217	19,903	10,498
Total OI	233,253.143	184,465	263,582	235,779	194,131

Daily Data (21 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
2025-03-03	$229.51	$290.00	63.5%	19.5%	57.7%	65.3%	68.4%	6.0%	-2.5%	-33.6M	1.47B	-6.1M	1.30	48.73	N/A	N/A	8,637	11,266	82,350	153,429
2025-03-04	$235.06	$290.00	61.2%	18.9%	58.1%	61.0%	65.3%	1.4%	-0.4%	-34.3M	1.38B	-6.2M	1.78	54.90	N/A	N/A	10,648	18,986	86,276	155,700
2025-03-05	$229.65	$290.00	61.1%	18.6%	58.0%	60.9%	64.3%	3.3%	-3.3%	-34.7M	1.45B	-6.2M	1.52	55.28	N/A	N/A	7,363	11,202	90,887	160,685
2025-03-06	$208.68	$280.00	65.7%	20.8%	62.8%	68.9%	70.8%	4.0%	-1.4%	-30.0M	1.82B	-5.5M	1.83	61.07	N/A	N/A	9,462	17,301	95,656	160,870
2025-03-07	$211.44	$280.00	64.6%	20.2%	63.7%	66.7%	70.4%	3.6%	-1.1%	-30.3M	1.75B	-5.7M	1.53	65.55	N/A	N/A	7,714	11,821	100,175	163,407
2025-03-10	$200.87	$270.00	72.7%	24.1%	64.4%	82.0%	84.0%	6.7%	-2.8%	-25.5M	1.53B	-5.3M	1.65	61.22	N/A	N/A	9,842	16,244	94,710	146,757
2025-03-11	$209.36	$260.00	69.9%	23.2%	66.2%	76.8%	80.8%	6.4%	-2.0%	-26.9M	1.33B	-5.6M	0.81	59.90	N/A	N/A	10,144	8,264	98,239	147,891
2025-03-12	$216.51	$260.00	65.5%	21.5%	69.0%	68.6%	70.8%	6.4%	-1.6%	-27.9M	1.18B	-5.9M	0.68	68.62	N/A	N/A	9,306	6,334	102,326	149,814
2025-03-13	$207.76	$260.00	66.1%	21.4%	68.7%	69.6%	73.2%	6.0%	-3.6%	-25.9M	1.36B	-5.6M	1.05	61.89	N/A	N/A	5,742	6,008	105,239	151,077
2025-03-14	$215.27	$250.00	57.6%	18.0%	71.4%	53.7%	62.9%	4.4%	-0.9%	-24.0M	1.16B	-5.6M	0.90	62.72	N/A	N/A	8,232	7,372	107,271	147,464
2025-03-17	$220.30	$260.00	56.5%	16.7%	71.9%	51.7%	56.8%	6.0%	-2.2%	-23.7M	953.4M	-5.6M	1.72	52.93	N/A	N/A	4,552	7,824	104,246	141,325
2025-03-18	$211.34	$260.00	57.9%	17.0%	69.6%	54.2%	56.5%	5.0%	-0.0%	-25.6M	1.10B	-5.5M	1.06	49.28	N/A	N/A	4,631	4,888	105,757	141,939
2025-03-19	$218.54	$250.00	53.7%	16.3%	72.3%	46.4%	56.7%	4.7%	-0.3%	-23.3M	890.2M	-5.5M	0.84	56.23	N/A	N/A	3,685	3,093	106,628	138,798
2025-03-20	$220.10	$250.00	54.1%	16.2%	72.6%	47.2%	56.6%	5.9%	-3.3%	-20.8M	749.6M	-5.5M	3.43	53.53	N/A	N/A	6,825	23,392	109,037	134,832
2025-03-21	$220.96	$250.00	51.6%	16.1%	68.0%	42.4%	55.3%	3.8%	-0.0%	-35.1M	670.7M	-5.5M	1.45	52.34	N/A	N/A	4,181	6,044	111,743	135,927
2025-03-24	$228.94	$250.00	49.3%	15.5%	67.9%	38.2%	54.4%	5.0%	1.2%	-10.9M	429.0M	-5.6M	0.82	54.33	N/A	N/A	7,163	5,889	71,732	112,733
2025-03-25	$227.32	$250.00	48.6%	15.0%	67.8%	36.9%	53.5%	4.9%	2.8%	-10.2M	472.4M	-5.5M	1.00	58.54	N/A	N/A	6,910	6,885	74,835	115,367
2025-03-26	$216.69	$250.00	51.8%	16.0%	68.3%	42.8%	56.9%	4.2%	0.5%	-16.3M	687.7M	-5.4M	1.19	54.87	N/A	N/A	6,312	7,522	77,541	116,716
2025-03-27	$209.79	$250.00	52.3%	16.0%	63.9%	42.6%	55.9%	6.1%	0.1%	-23.1M	836.0M	-5.4M	1.89	51.31	N/A	N/A	6,080	11,476	79,708	121,516
2025-03-28	$204.89	$240.00	55.0%	16.8%	64.1%	47.9%	57.9%	5.1%	0.1%	-24.5M	886.6M	-5.4M	0.88	53.28	N/A	N/A	5,495	4,838	81,554	122,028
2025-03-31	$201.69	$240.00	58.5%	17.2%	59.8%	54.6%	58.6%	5.6%	1.7%	-21.4M	880.5M	-5.3M	0.78	53.97	N/A	N/A	5,900	4,598	75,773	118,358