CEG Options History — July 2025

In July 2025, CEG traded between $306.61 and $347.45. ATM implied volatility averaged 52.3%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 16.8% (HV 20d: 35.5%). Max pain ranged from $290.00 to $310.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.91.

Notable Days

2025-07-23: Highest Volume — 27,365 contracts
2025-07-07: Largest IV spike — 10.8% change
2025-07-22: Highest IV Rank — 33.6%
2025-07-22: Largest Expected Move — 16.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$320.39	$306.61	$347.45	$307.17	$347.45
Max Pain	$294.77	$290.00	$310.00	$310.00	$300.00
ATM IV	52.3%	48.1%	55.7%	48.3%	51.1%
Expected Move	15.3%	12.5%	16.8%	12.7%	16.4%
HV 20d	35.5%	32.6%	39.4%	39.4%	32.6%
HV 60d	49.4%	41.5%	66.4%	66.4%	42.2%
IV Rank	27.7%	20.7%	33.6%	21.0%	25.8%
IV Percentile	62.5%	49.6%	73.0%	50.4%	57.5%
Term Structure	-0.6%	-3.6%	5.0%	4.4%	-2.1%
VWIV	53.7%	44.1%	58.7%	44.1%	58.2%
Skew 25d	3.2%	2.4%	4.0%	3.5%	2.7%
Skew 10d	12.7%	-10.3%	30.7%	-10.3%	27.2%
Call IV 25d	50.6%	46.1%	54.5%	46.4%	50.0%
Put IV 25d	53.8%	49.0%	57.1%	49.9%	52.7%
Bid-Ask Spread %	56.82	48.35	65.75	51.39	52.75
Gamma HHI	0.06	0.04	0.18	0.04	0.07
Net GEX	11.7M	-7.9M	28.9M	-2.6M	28.9M
Net DEX	-818.2M	-1.33B	-492.4M	-566.2M	-1.33B
Net VEX	-6.5M	-7.1M	-5.9M	-6.9M	-6.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.51	2.55	0.91	1.48
Total Volume	11,218.955	3,558	27,365	17,151	11,496
Total OI	187,337.864	174,642	203,873	183,936	185,929

Daily Data (22 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
2025-07-01	$307.17	$310.00	48.3%	12.7%	39.4%	21.0%	44.1%	3.5%	4.4%	-2.6M	-566.2M	-6.9M	0.91	51.39	N/A	N/A	8,985	8,166	79,299	104,637
2025-07-02	$306.61	$310.00	48.5%	12.5%	39.4%	21.4%	44.3%	3.3%	4.8%	-7.9M	-524.3M	-7.1M	2.55	53.31	N/A	N/A	2,604	6,653	79,889	109,285
2025-07-03	$312.26	$290.00	48.1%	14.9%	36.4%	20.7%	51.5%	2.9%	5.0%	10.3M	-686.9M	-7.0M	0.88	61.93	N/A	N/A	2,186	1,920	80,158	111,523
2025-07-07	$319.68	$290.00	53.3%	15.3%	35.6%	29.4%	55.3%	3.5%	-0.8%	13.4M	-863.6M	-6.7M	1.00	59.00	N/A	N/A	5,457	5,430	75,513	105,118
2025-07-08	$312.59	$290.00	53.5%	15.1%	35.8%	29.9%	52.9%	3.5%	-1.0%	9.8M	-705.0M	-6.7M	1.01	61.39	N/A	N/A	1,771	1,787	78,493	107,904
2025-07-09	$316.52	$290.00	52.2%	14.8%	35.9%	27.6%	52.5%	4.0%	-1.3%	14.3M	-801.6M	-6.6M	1.05	61.32	N/A	N/A	3,686	3,855	78,817	108,995
2025-07-10	$313.92	$290.00	52.6%	14.9%	34.0%	28.2%	51.6%	3.9%	-0.4%	11.7M	-736.8M	-6.6M	0.95	63.41	N/A	N/A	3,627	3,433	79,560	110,068
2025-07-11	$322.56	$290.00	52.8%	14.9%	35.0%	28.6%	51.5%	3.3%	-1.1%	28.1M	-986.2M	-6.6M	0.78	62.85	N/A	N/A	6,705	5,220	81,228	110,941
2025-07-14	$324.42	$290.00	54.7%	15.6%	34.2%	31.8%	54.7%	3.2%	-1.8%	20.7M	-1.01B	-6.4M	0.69	63.16	N/A	N/A	9,420	6,513	79,248	107,516
2025-07-15	$319.98	$290.00	53.1%	15.1%	34.2%	29.1%	53.3%	3.5%	-0.8%	21.0M	-866.2M	-6.6M	0.59	64.62	N/A	N/A	6,659	3,915	81,822	111,503
2025-07-16	$307.26	$290.00	53.5%	15.3%	34.4%	29.9%	53.9%	2.9%	-1.1%	-89.4K	-496.1M	-6.6M	0.52	65.75	N/A	N/A	9,994	5,239	83,699	113,469
2025-07-17	$308.15	$290.00	53.3%	15.4%	34.3%	29.4%	53.3%	3.2%	-3.6%	-4.1M	-492.4M	-6.6M	0.51	65.01	N/A	N/A	6,497	3,287	85,590	116,634
2025-07-18	$321.43	$290.00	55.1%	15.9%	37.4%	32.5%	55.5%	2.6%	-1.1%	26.9M	-930.2M	-6.6M	0.68	63.42	N/A	N/A	9,495	6,463	86,471	117,402
2025-07-21	$317.83	$290.00	55.3%	16.3%	37.6%	32.8%	56.2%	2.4%	-1.0%	3.7M	-699.7M	-6.5M	0.57	48.74	N/A	N/A	6,556	3,759	70,040	104,602
2025-07-22	$318.09	$290.00	55.7%	16.8%	36.2%	33.6%	58.7%	2.7%	-1.4%	4.9M	-711.9M	-6.5M	1.07	49.18	N/A	N/A	4,435	4,735	72,974	106,529
2025-07-23	$322.94	$295.00	52.4%	16.1%	35.8%	28.0%	57.2%	3.9%	-0.2%	10.7M	-831.2M	-6.4M	0.68	48.35	N/A	N/A	16,306	11,059	75,090	109,073
2025-07-24	$322.13	$300.00	53.2%	15.8%	35.3%	29.3%	55.5%	3.4%	-1.1%	5.7M	-769.7M	-6.4M	0.68	49.95	N/A	N/A	3,993	2,733	75,717	110,637
2025-07-25	$326.78	$300.00	50.8%	15.5%	34.9%	25.3%	54.2%	3.8%	-3.2%	13.8M	-908.4M	-6.3M	0.84	52.54	N/A	N/A	4,049	3,394	76,261	111,368
2025-07-28	$326.54	$300.00	50.0%	15.5%	34.8%	23.9%	53.0%	2.7%	-1.6%	10.6M	-864.8M	-6.1M	0.69	50.17	N/A	N/A	5,788	3,989	71,097	104,872
2025-07-29	$329.45	$300.00	50.6%	15.7%	34.8%	24.9%	56.3%	2.9%	-1.5%	14.3M	-945.5M	-6.1M	1.13	51.05	N/A	N/A	4,607	5,207	73,249	106,939
2025-07-30	$344.79	$300.00	51.8%	16.2%	32.7%	27.0%	56.7%	3.5%	-1.9%	23.7M	-1.27B	-5.9M	0.67	50.70	N/A	N/A	9,424	6,320	73,912	108,362
2025-07-31	$347.45	$300.00	51.1%	16.4%	32.6%	25.8%	58.2%	2.7%	-2.1%	28.9M	-1.33B	-6.1M	1.48	52.75	N/A	N/A	4,638	6,858	76,414	109,515