CION Options History — February 2024

In February 2024, CION traded between $10.73 and $11.23. ATM implied volatility averaged 61.8%, placing in the 34.3% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 43.8% (HV 20d: 18.0%). Max pain ranged from $9.85 to $9.85. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.92.

Notable Days

  • 2024-02-20: Highest Volume — 37 contracts
  • 2024-02-07: Largest IV drop — 53.5% change
  • 2024-02-05: Highest IV Rank — 55.7%
  • 2024-02-16: Largest Expected Move — 21.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.02$10.73$11.23$11.18$10.75
Max Pain$9.85$9.85$9.85$9.85$9.85
ATM IV61.8%38.0%90.9%70.0%70.5%
Expected Move15.3%8.2%21.2%8.2%20.2%
HV 20d18.0%13.2%21.8%14.5%20.9%
HV 60d20.0%18.2%21.0%20.7%19.9%
IV Rank34.3%16.9%55.7%40.4%40.7%
IV Percentile82.9%57.5%97.2%92.1%90.9%
Term Structure41.3%-44.2%368.6%11.4%-44.2%
VWIV46.0%16.1%104.4%16.1%104.4%
Skew 25d2.8%-61.7%26.4%15.9%1.4%
Skew 10d-10.7%-63.4%54.2%-8.6%54.2%
Call IV 25d28.6%14.3%85.1%15.4%32.0%
Put IV 25d31.5%18.0%40.7%31.3%33.4%
Bid-Ask Spread %125.2999.63158.79119.96127.00
Gamma HHI0.930.900.960.960.91
Net GEX10.8K8.6K13.4K11.7K8.6K
Net DEX-231.1K-267.8K-181.3K-242.8K-189.1K
Net VEX-1.1K-1.2K-964-1.1K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.007.000.170.00
Total Volume7.203708
Total OI821.4817849822849

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$11.18$9.8570.0%8.2%14.5%40.4%0.0%15.9%11.4%11.7K-242.8K-1.1K0.00119.9600647175
2024-02-02$11.16$9.8569.5%10.9%13.8%40.0%0.0%10.1%9.6%11.2K-246.0K-1.2K0.00123.3800647175
2024-02-05$11.04$9.8590.9%12.1%14.1%55.7%16.1%9.8%-23.6%11.7K-248.8K-1.2K0.1799.6361647175
2024-02-06$10.91$9.8581.7%9.3%13.2%49.0%0.0%12.7%6.9%10.0K-192.6K-1.1K0.00118.7300641176
2024-02-07$11.00$9.8538.0%10.9%13.6%16.9%0.0%13.3%-10.4%11.4K-237.0K-1.2K0.00120.8800641176
2024-02-08$10.96$9.8548.3%13.9%13.6%24.4%17.6%14.3%-29.0%10.8K-235.6K-1.2K0.00138.20100641176
2024-02-09$11.05$9.8542.6%12.2%13.8%20.3%0.0%7.7%-8.4%11.8K-242.2K-1.1K0.00117.7700641176
2024-02-12$11.23$9.8558.6%16.8%15.0%32.0%0.0%4.5%-8.4%12.4K-240.9K-9640.00139.9810641176
2024-02-13$10.86$9.8543.5%12.5%19.0%20.9%0.0%1.2%-8.7%9.9K-192.9K-1.1K0.00126.2200642176
2024-02-14$10.91$9.8554.8%15.7%19.0%29.2%0.0%0.4%-39.1%10.3K-227.8K-1.2K0.00139.8800642176
2024-02-15$11.21$9.8571.1%20.4%21.3%41.1%0.0%26.4%363.3%13.4K-267.8K-1.1K0.00141.1300642176
2024-02-16$11.14$9.8573.8%21.2%21.5%43.2%0.0%-61.7%368.6%9.6K-260.3K-1.2K0.15158.79132642176
2024-02-20$11.09$9.8565.7%18.8%20.5%37.2%104.4%-7.9%300.5%11.4K-256.1K-1.2K0.03126.33361645178
2024-02-21$11.09$9.8567.1%19.2%20.5%38.2%0.0%-8.2%-38.0%11.3K-253.4K-1.1K0.00132.17200639178
2024-02-22$11.16$9.8559.4%17.0%20.5%32.6%0.0%-2.6%51.5%10.7K-240.7K-1.0K0.00130.2800639178
2024-02-23$11.09$9.8559.6%17.1%20.6%32.7%0.0%18.5%-20.5%11.8K-246.8K-1.1K0.00126.1500639178
2024-02-26$11.05$9.8560.7%17.4%20.3%33.5%0.0%11.2%-19.6%10.7K-227.3K-1.0K0.00112.50020639178
2024-02-27$10.77$9.8553.6%15.4%21.8%28.3%0.0%-4.4%-17.5%9.0K-192.7K-1.1K7.00102.09214639187
2024-02-28$10.73$9.8555.8%16.0%21.6%29.9%0.0%-6.1%-18.5%8.6K-181.3K-1.1K0.00104.65010638201
2024-02-29$10.75$9.8570.5%20.2%20.9%40.7%0.0%1.4%-44.2%8.6K-189.1K-1.1K0.00127.0080638211