CEG Options History — April 2025

In April 2025, CEG traded between $171.69 and $225.94. ATM implied volatility averaged 68.0%, placing in the 60.3% IV rank vs the trailing year. The 30-day expected move averaged 19.7%. IV traded below realized volatility by 22.4% (HV 20d: 90.4%). Max pain ranged from $220.00 to $240.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.16.

Notable Days

2025-04-04: Highest Volume — 31,842 contracts
2025-04-09: Largest IV drop — 32.2% change
2025-04-04: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 25.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$205.31	$171.69	$225.94	$206.30	$221.62
Max Pain	$223.33	$220.00	$240.00	$240.00	$220.00
ATM IV	68.0%	55.6%	95.4%	57.0%	58.1%
Expected Move	19.7%	17.2%	25.8%	17.2%	18.7%
HV 20d	90.4%	59.7%	102.2%	59.7%	101.0%
HV 60d	84.2%	75.1%	91.4%	87.2%	75.1%
IV Rank	60.3%	40.6%	100.0%	51.6%	42.4%
IV Percentile	90.6%	75.4%	100.0%	81.7%	80.2%
Term Structure	-0.8%	-6.7%	10.3%	3.7%	0.2%
VWIV	68.1%	57.6%	88.0%	57.6%	64.5%
Skew 25d	10.8%	1.8%	21.2%	1.8%	8.8%
Skew 10d	29.8%	-0.7%	60.5%	28.0%	13.0%
Call IV 25d	62.1%	53.2%	82.7%	58.0%	54.5%
Put IV 25d	72.9%	58.9%	103.9%	59.8%	63.3%
Bid-Ask Spread %	58.56	50.48	67.84	50.48	62.75
Gamma HHI	0.09	0.07	0.14	0.10	0.08
Net GEX	-11.6M	-20.3M	4.4M	-20.3M	-9.1M
Net DEX	505.4M	93.6M	1.12B	738.2M	212.8M
Net VEX	-5.5M	-5.9M	-4.5M	-5.5M	-5.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.35	2.53	0.67	1.28
Total Volume	10,464.619	3,948	31,842	6,800	3,991
Total OI	192,246.619	171,076	211,213	194,959	179,958

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
2025-04-01	$206.30	$240.00	57.0%	17.2%	59.7%	51.6%	57.6%	1.8%	3.7%	-20.3M	738.2M	-5.5M	0.67	50.48	N/A	N/A	4,072	2,728	77,809	117,150
2025-04-02	$213.79	$240.00	55.6%	17.4%	61.2%	48.3%	60.4%	5.4%	4.3%	-17.3M	549.7M	-5.7M	0.79	53.69	N/A	N/A	5,012	3,960	80,256	116,097
2025-04-03	$191.13	$230.00	67.0%	19.9%	64.6%	70.3%	67.4%	9.4%	10.3%	-18.7M	920.2M	-5.2M	1.86	55.84	N/A	N/A	4,349	8,109	83,009	115,988
2025-04-04	$171.69	$230.00	86.6%	24.0%	73.7%	100.0%	79.0%	13.3%	1.7%	-17.0M	1.12B	-4.5M	2.30	55.04	N/A	N/A	9,652	22,190	84,252	119,014
2025-04-07	$178.87	$230.00	89.9%	25.2%	74.2%	100.0%	82.6%	13.6%	-0.4%	-14.0M	874.0M	-4.8M	0.48	50.78	N/A	N/A	12,362	5,890	75,972	110,499
2025-04-08	$183.03	$220.00	95.4%	25.8%	73.0%	100.0%	88.0%	21.2%	-5.6%	-11.7M	779.8M	-5.1M	1.78	55.46	N/A	N/A	5,738	10,193	84,015	112,824
2025-04-09	$217.40	$220.00	64.7%	17.7%	96.0%	52.5%	63.1%	14.9%	-2.3%	-10.4M	272.4M	-5.9M	1.48	63.96	N/A	N/A	8,225	12,147	84,688	116,237
2025-04-10	$201.28	$220.00	84.3%	23.7%	98.9%	82.9%	79.8%	11.0%	-3.3%	-10.6M	530.3M	-5.8M	1.19	67.84	N/A	N/A	6,248	7,435	87,331	118,339
2025-04-11	$207.37	$220.00	74.5%	20.2%	98.6%	67.8%	72.8%	14.5%	-6.7%	-9.6M	411.3M	-5.9M	1.05	63.64	N/A	N/A	3,303	3,484	90,945	120,268
2025-04-14	$208.37	$220.00	65.4%	18.6%	98.2%	53.7%	66.4%	13.1%	-3.1%	-11.2M	458.1M	-5.7M	1.11	64.95	N/A	N/A	3,426	3,795	86,650	116,529
2025-04-15	$207.89	$220.00	62.1%	17.8%	97.1%	48.6%	60.2%	11.3%	-0.7%	-11.2M	468.6M	-5.6M	1.14	65.35	N/A	N/A	1,843	2,105	88,556	118,528
2025-04-16	$202.80	$220.00	68.3%	19.6%	96.6%	58.1%	68.9%	11.7%	-3.5%	-13.2M	583.0M	-5.5M	2.53	66.98	N/A	N/A	2,388	6,041	88,797	118,608
2025-04-17	$206.26	$220.00	64.0%	18.4%	96.8%	51.5%	67.9%	11.2%	-0.5%	-11.4M	492.8M	-5.5M	1.51	66.78	N/A	N/A	3,907	5,886	89,396	118,847
2025-04-21	$191.49	$220.00	71.3%	21.1%	100.0%	62.8%	72.6%	12.5%	-2.1%	-15.2M	676.0M	-5.1M	0.74	53.25	N/A	N/A	4,718	3,485	63,822	107,254
2025-04-22	$201.46	$220.00	66.6%	19.0%	101.0%	55.5%	62.8%	11.3%	-2.0%	-14.4M	536.8M	-5.3M	0.66	54.41	N/A	N/A	4,401	2,922	65,654	108,452
2025-04-23	$209.28	$220.00	63.5%	18.9%	102.2%	50.6%	65.1%	10.0%	-1.9%	-10.9M	381.9M	-5.5M	0.53	54.37	N/A	N/A	6,080	3,244	67,919	109,756
2025-04-24	$218.58	$220.00	60.0%	18.3%	102.2%	45.2%	63.8%	7.0%	-1.3%	-6.6M	220.2M	-5.6M	0.41	55.10	N/A	N/A	5,515	2,265	68,665	110,318
2025-04-25	$222.98	$220.00	57.0%	17.4%	101.6%	40.6%	60.9%	7.8%	-2.0%	4.4M	93.6M	-5.6M	1.48	55.76	N/A	N/A	3,621	5,342	71,904	110,815
2025-04-28	$223.99	$220.00	57.9%	17.6%	101.1%	42.0%	61.7%	8.3%	-0.1%	-9.0M	168.2M	-5.6M	0.35	55.92	N/A	N/A	3,699	1,308	66,725	108,230
2025-04-29	$225.94	$220.00	58.1%	18.0%	100.9%	42.4%	65.7%	8.8%	-1.0%	-7.3M	128.7M	-5.6M	0.92	57.44	N/A	N/A	2,441	2,237	68,161	108,942
2025-04-30	$221.62	$220.00	58.1%	18.7%	101.0%	42.4%	64.5%	8.8%	0.2%	-9.1M	212.8M	-5.6M	1.28	62.75	N/A	N/A	1,750	2,241	69,551	110,407