CION Options History — August 2023

In August 2023, CION traded between $10.52 and $11.70. ATM implied volatility averaged 46.6%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 22.8% (HV 20d: 23.8%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 1.87.

Notable Days

  • 2023-08-09: Highest Volume — 99 contracts
  • 2023-08-14: Largest IV spike — 162.2% change
  • 2023-08-04: Highest IV Rank — 65.4%
  • 2023-08-02: Largest Expected Move — 27.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.96$10.52$11.70$11.02$10.71
Max Pain$10.11$10.00$12.50$10.00$12.50
ATM IV46.6%16.7%105.1%66.5%35.4%
Expected Move12.2%4.8%27.4%19.1%10.1%
HV 20d23.8%17.1%31.3%17.1%31.3%
HV 60d23.4%21.7%24.8%22.7%24.2%
IV Rank22.1%0.0%65.4%36.5%13.9%
IV Percentile44.0%0.0%98.8%78.6%29.8%
Term Structure-16.0%-122.9%42.1%-56.1%-23.2%
VWIV49.1%22.1%141.2%40.9%22.1%
Skew 25d16.0%-14.8%121.0%-10.4%-13.7%
Skew 10d27.2%-89.1%171.6%-52.5%-4.4%
Call IV 25d39.8%15.9%99.9%33.5%37.8%
Put IV 25d55.7%22.4%192.1%23.1%24.1%
Bid-Ask Spread %109.6380.70160.16146.9182.23
Gamma HHI0.680.360.930.580.54
Net GEX8.0K-3.2K17.5K4.0K-3.2K
Net DEX-296.3K-444.8K17.3K-304.4K17.3K
Net VEX-678-949-322-871-516
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.870.0014.001.000.25
Total Volume18.522099650
Total OI863.739575919880575

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$11.02$10.0066.5%19.1%17.1%36.5%0.0%-10.4%-56.1%4.0K-304.4K-8710.00146.9106448432
2023-08-02$10.84$10.0095.4%27.4%18.1%58.2%0.0%-14.8%-122.9%4.2K-265.8K-9490.00160.1602448438
2023-08-03$10.93$10.0056.6%13.0%18.0%29.1%0.0%21.5%-19.0%2.8K-292.9K-9360.00106.5108448438
2023-08-04$10.95$10.00105.1%13.6%17.4%65.4%0.0%8.3%-19.0%3.9K-291.2K-8740.00126.0301448438
2023-08-07$11.01$10.0051.4%11.3%17.2%25.2%40.9%2.9%-1.4%3.9K-294.8K-8611.0098.0411448439
2023-08-08$11.05$10.0062.9%13.9%17.2%33.8%45.8%24.4%-17.1%3.3K-305.6K-8432.0098.4024448440
2023-08-09$11.45$10.0033.5%9.6%20.8%11.8%37.0%3.4%16.5%4.3K-324.8K-7930.0596.69945449443
2023-08-10$11.70$10.0016.7%4.8%21.7%0.0%39.5%17.5%10.1%8.0K-444.8K-3223.18128.702270476443
2023-08-11$11.29$10.0022.1%6.3%25.6%4.0%32.6%7.8%9.2%9.0K-356.3K-5250.71107.361410461418
2023-08-14$11.16$10.0058.0%16.6%25.9%30.7%0.0%-1.0%-48.6%8.5K-310.1K-6400.00120.82100468408
2023-08-15$10.96$10.0043.0%12.3%26.8%19.6%0.0%-4.8%-28.0%10.9K-297.3K-6560.00102.8100478408
2023-08-16$10.96$10.0049.9%14.3%26.0%24.7%58.1%-1.2%-49.6%11.2K-310.2K-6720.3392.8631478408
2023-08-17$10.84$10.0061.8%17.7%25.9%33.5%141.2%-2.9%42.1%12.0K-290.4K-6646.00144.7316475409
2023-08-18$10.89$10.0036.3%10.4%26.0%14.6%43.0%5.1%10.9%12.4K-302.3K-6070.00108.4280476415
2023-08-21$10.88$10.0048.3%13.8%24.2%23.5%31.0%-1.1%-36.4%12.0K-295.3K-6000.00117.5301474346
2023-08-22$10.52$10.0026.9%7.7%26.4%7.6%31.2%2.3%13.0%16.7K-240.4K-6660.1486.20375474347
2023-08-23$10.64$10.0042.0%12.0%26.3%18.8%0.0%-8.8%-27.1%16.1K-282.7K-7070.0092.5330506350
2023-08-24$10.63$10.0028.1%8.1%26.3%8.5%0.0%10.1%-1.4%17.5K-291.9K-6180.00116.2930509350
2023-08-25$10.64$10.0041.0%11.8%26.3%18.1%26.1%2.7%-19.6%16.7K-287.5K-6730.00125.3002509350
2023-08-28$10.86$10.0029.4%8.4%27.5%9.5%89.7%92.2%6.2%4.0K-350.8K-43814.0096.74228509352
2023-08-29$11.02$10.0033.6%9.6%27.9%12.6%0.0%121.0%-14.8%1.4K-330.0K-6580.0080.7005512380
2023-08-30$11.16$10.0027.3%7.8%27.6%7.9%22.1%106.6%8.3%3.2K-363.7K-5010.4085.55156512385
2023-08-31$10.71$12.5035.4%10.1%31.3%13.9%0.0%-13.7%-23.2%-3.2K17.3K-5160.2582.234010186389