CION Options History — April 2023

In April 2023, CION traded between $9.13 and $10.37. ATM implied volatility averaged 34.0%, placing in the 4.5% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 4.7% (HV 20d: 38.8%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 4.21.

Notable Days

  • 2023-04-05: Highest Volume — 573 contracts
  • 2023-04-26: Largest IV spike — 94.0% change
  • 2023-04-06: Highest IV Rank — 13.6%
  • 2023-04-04: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.72$9.13$10.37$9.84$9.48
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV34.0%22.0%53.1%48.6%29.7%
Expected Move9.4%6.3%14.1%13.9%8.5%
HV 20d38.8%29.7%46.1%46.1%34.4%
HV 60d34.4%33.1%36.3%34.3%34.0%
IV Rank4.5%0.0%13.6%11.4%3.7%
IV Percentile12.3%0.0%46.4%36.5%4.9%
Term Structure2.2%-16.3%15.2%15.2%5.0%
VWIV29.8%27.3%31.9%27.3%29.7%
Skew 25d25.0%2.0%92.9%26.5%15.2%
Skew 10d37.7%6.0%132.9%34.6%11.7%
Call IV 25d35.5%24.7%47.2%46.0%29.9%
Put IV 25d60.5%37.7%126.2%72.5%45.1%
Bid-Ask Spread %98.4555.27122.9199.3094.60
Gamma HHI0.710.240.830.300.82
Net GEX20.6K1.1K28.5K1.9K25.3K
Net DEX-185.6K-511.4K16.5K-31.5K-104.8K
Net VEX-1.5K-1.8K-905-1.1K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.210.0069.000.5769.00
Total Volume46.68405735570
Total OI1,230.3166411,4176411,417

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$9.84$10.0048.6%13.9%46.1%11.4%0.0%26.5%15.2%1.9K-31.5K-1.1K0.5799.303520398243
2023-04-04$9.88$10.0049.1%14.1%45.1%11.6%0.0%25.1%-9.0%2.9K-66.3K-1.3K0.00112.2310429263
2023-04-05$9.68$10.0030.9%8.9%45.5%2.6%0.0%38.5%-0.5%1.1K16.5K-9050.0097.465730430263
2023-04-06$9.70$10.0053.1%7.9%43.8%13.6%0.0%33.5%2.6%23.9K-202.2K-1.6K0.00100.9840994263
2023-04-10$9.77$10.0029.9%7.8%42.7%2.1%27.3%26.7%-4.1%24.7K-228.2K-1.6K0.20102.1551998263
2023-04-11$9.96$10.0028.3%8.6%42.5%1.3%30.0%27.2%7.3%26.2K-325.9K-1.7K0.00102.131001,008264
2023-04-12$9.99$10.0029.6%8.5%42.4%2.0%29.6%25.1%-0.1%26.5K-321.1K-1.7K0.71101.2921151,018264
2023-04-13$10.05$10.0029.6%8.5%42.3%1.9%0.0%25.3%1.5%26.3K-354.6K-1.8K0.0097.54001,030279
2023-04-14$10.18$10.0029.4%8.4%35.6%1.9%0.0%15.0%-16.3%28.5K-415.5K-1.8K0.00106.781001,030279
2023-04-17$10.37$10.0031.9%9.1%29.7%3.1%31.9%44.9%4.5%28.2K-511.4K-1.8K0.0097.19801,040279
2023-04-18$9.66$10.0030.8%8.8%39.6%2.6%0.0%7.8%5.6%24.9K-185.6K-1.5K0.0096.60101,042279
2023-04-19$9.79$10.0032.6%9.3%37.5%3.4%0.0%92.9%3.5%25.5K-222.3K-1.6K0.0097.41501,042279
2023-04-20$9.64$10.0030.3%8.7%37.5%2.3%30.4%5.8%0.9%25.8K-192.1K-1.6K0.0077.643101,067279
2023-04-21$9.50$10.0030.4%8.7%35.0%2.3%0.0%9.1%13.6%25.6K-152.3K-1.5K0.00103.082001,097279
2023-04-24$9.46$10.0029.6%8.5%34.0%2.0%29.4%11.2%1.8%24.4K-110.9K-1.4K1.0098.6311111,088275
2023-04-25$9.27$10.0022.0%6.3%34.3%0.0%0.0%2.0%6.3%18.1K6.2K-1.2K0.00107.380141,099286
2023-04-26$9.13$10.0042.7%12.3%34.1%10.1%0.0%25.6%0.7%14.4K-90.1K-1.4K0.00122.912001,099297
2023-04-27$9.32$10.0038.0%10.9%34.8%7.8%0.0%17.3%2.9%16.8K-34.2K-1.3K0.0055.27101,119297
2023-04-28$9.48$10.0029.7%8.5%34.4%3.7%29.7%15.2%5.0%25.3K-104.8K-1.4K69.0094.601691,120297