CION Options History — May 2024

In May 2024, CION traded between $11.42 and $12.50. ATM implied volatility averaged 52.0%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 38.7% (HV 20d: 13.3%). Max pain ranged from $9.85 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.04.

Notable Days

  • 2024-05-13: Highest Volume — 649 contracts
  • 2024-05-23: Largest IV spike — 121.4% change
  • 2024-05-08: Highest IV Rank — 64.1%
  • 2024-05-02: Largest Expected Move — 28.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.16$11.42$12.50$11.42$12.50
Max Pain$11.69$9.85$12.50$12.50$12.35
ATM IV52.0%21.4%110.0%83.2%24.1%
Expected Move10.3%5.7%28.1%23.9%6.9%
HV 20d13.3%10.8%15.6%15.6%13.1%
HV 60d16.2%14.9%17.8%17.8%15.3%
IV Rank25.0%4.3%64.1%46.1%6.2%
IV Percentile49.0%4.8%98.4%93.7%13.9%
Term Structure6.3%-18.5%97.8%-11.2%4.5%
VWIV27.0%9.3%104.3%28.7%9.3%
Skew 25d38.0%-17.1%135.3%27.0%6.7%
Skew 10d43.5%-41.5%166.0%29.1%2.0%
Call IV 25d45.0%18.9%62.0%29.1%62.0%
Put IV 25d83.0%26.2%158.3%56.1%68.7%
Bid-Ask Spread %125.07105.10151.94138.93123.70
Gamma HHI0.670.360.880.360.88
Net GEX43.8K8.3K102.0K8.3K83.6K
Net DEX-359.1K-525.0K-145.1K-145.1K-525.0K
Net VEX-1.1K-1.5K-659-911-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.040.000.220.000.00
Total Volume54.13606490251
Total OI837.9556131,018613996

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$11.42$12.5083.2%23.9%15.6%46.1%0.0%27.0%-11.2%8.3K-145.1K-9110.00138.9300421192
2024-05-02$11.50$12.5098.1%28.1%15.4%56.1%28.7%20.0%-18.5%8.7K-155.5K-9050.00151.9490421192
2024-05-03$11.59$12.5093.2%26.7%15.6%52.8%0.0%34.8%-7.0%10.1K-164.4K-8780.00118.23100422192
2024-05-06$11.57$9.85101.7%12.8%15.6%58.6%10.1%-17.1%2.3%9.7K-161.5K-8490.22150.23184424192
2024-05-07$11.71$9.8591.0%7.3%15.3%51.3%0.0%-3.0%3.2%15.8K-175.8K-7920.00136.0500441196
2024-05-08$11.73$9.85110.0%7.4%14.2%64.1%0.0%-3.4%4.6%12.2K-191.3K-9230.00131.0700441196
2024-05-09$11.91$9.8538.7%7.8%13.4%16.0%19.7%132.3%-0.0%18.8K-152.1K-7090.20130.44102441196
2024-05-10$12.09$9.8575.0%6.1%13.2%40.5%18.6%135.3%5.4%24.2K-172.5K-6590.00121.9180441196
2024-05-13$12.29$9.85103.4%5.7%10.8%59.7%19.4%112.1%1.9%23.5K-245.2K-8090.00116.206463439196
2024-05-14$12.50$12.3524.8%7.2%11.2%6.6%25.7%71.3%-5.4%59.0K-466.7K-1.1K0.00117.50660733197
2024-05-15$12.39$12.3521.9%6.3%11.8%4.7%0.0%82.6%-0.7%57.3K-461.0K-1.3K0.03110.05321788197
2024-05-16$12.43$12.3521.4%6.1%11.8%4.3%22.3%81.4%97.8%62.6K-504.0K-1.5K0.00111.1120820197
2024-05-17$12.46$12.3524.6%7.0%11.8%6.5%0.0%77.1%-4.7%54.0K-506.7K-1.4K0.00113.48180821197
2024-05-20$12.43$12.3528.0%8.0%12.0%8.8%28.0%-0.6%-7.3%45.9K-478.4K-1.4K0.17108.31356791165
2024-05-21$12.47$12.3527.8%8.0%12.0%8.7%26.2%-1.0%9.6%55.4K-491.5K-1.3K0.00115.45150805171
2024-05-22$12.48$12.3523.4%6.7%12.0%5.6%20.4%-3.1%15.8%102.0K-514.1K-1.2K0.00105.1040810171
2024-05-23$12.32$12.3551.7%14.8%13.2%24.8%30.4%44.5%11.3%29.3K-454.4K-1.3K0.12132.45172812171
2024-05-24$12.45$12.3523.4%6.7%13.4%5.7%14.8%7.2%16.8%80.7K-509.0K-1.3K0.00119.71120812171
2024-05-28$12.41$12.3529.1%8.3%13.7%9.5%0.0%7.6%-0.4%53.1K-461.8K-1.3K0.00130.7490812171
2024-05-29$12.41$12.3525.5%7.3%13.2%7.1%0.0%12.7%15.9%69.7K-467.7K-1.2K0.00133.5707820171
2024-05-30$12.46$12.3523.7%6.8%13.2%5.9%104.3%10.6%4.0%78.7K-496.2K-1.3K0.00135.3240820177
2024-05-31$12.50$12.3524.1%6.9%13.1%6.2%9.3%6.7%4.5%83.6K-525.0K-1.2K0.00123.702510819177