CION Options History — August 2024

In August 2024, CION traded between $11.61 and $12.34. ATM implied volatility averaged 71.9%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 52.6% (HV 20d: 19.3%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.62.

Notable Days

  • 2024-08-05: Highest Volume — 61 contracts
  • 2024-08-29: Largest IV spike — 135.0% change
  • 2024-08-07: Highest IV Rank — 100.0%
  • 2024-08-02: Largest Expected Move — 22.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.06$11.61$12.34$12.22$12.23
Max Pain$11.36$10.00$12.50$10.00$12.50
ATM IV71.9%17.6%199.1%65.0%40.0%
Expected Move11.0%5.0%22.6%18.6%11.5%
HV 20d19.3%12.8%21.8%12.8%14.9%
HV 60d17.0%15.3%17.4%15.3%16.5%
IV Rank36.2%1.4%100.0%33.8%13.6%
IV Percentile57.1%0.8%100.0%79.4%54.8%
Term Structure21.8%-71.2%115.2%14.9%54.0%
VWIV34.1%11.0%138.8%20.7%70.6%
Skew 25d83.4%-73.4%174.4%134.4%73.2%
Skew 10d84.2%-81.1%213.9%134.9%70.6%
Call IV 25d36.8%9.7%108.7%32.2%15.6%
Put IV 25d120.3%27.6%208.4%166.7%88.8%
Bid-Ask Spread %140.7999.15174.82143.6899.15
Gamma HHI0.890.740.990.970.86
Net GEX13.1K6.6K23.1K14.8K10.9K
Net DEX-183.6K-306.0K-80.5K-306.0K-129.4K
Net VEX-499-781-309-749-437
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.006.630.001.00
Total Volume7.86406122
Total OI486.773346633548372

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-08-01$12.22$10.0065.0%18.6%12.8%33.8%20.7%134.4%14.9%14.8K-306.0K-7490.00143.682050840
2024-08-02$11.78$10.0078.9%22.6%18.0%43.2%0.0%147.8%-7.3%11.5K-257.6K-7370.00143.280051039
2024-08-05$11.64$10.00128.1%20.9%17.6%76.4%39.1%-67.0%-71.2%9.8K-256.8K-6366.63157.4885351039
2024-08-06$11.61$10.00153.9%18.0%17.5%93.8%0.0%-73.4%-14.1%6.6K-261.3K-7810.00174.820051390
2024-08-07$11.63$10.00163.2%11.0%17.3%100.0%0.0%-12.2%34.5%9.7K-245.4K-6800.00165.670051390
2024-08-08$11.97$10.00120.9%11.5%20.6%71.5%0.0%174.4%39.4%13.5K-256.6K-6040.00140.180051390
2024-08-09$11.96$10.00129.2%9.5%20.5%77.1%13.3%174.0%58.0%13.7K-255.9K-4930.00146.991051390
2024-08-12$11.82$10.00161.9%9.8%20.8%99.1%138.8%-19.5%7.1%10.2K-236.4K-4800.00160.8610051290
2024-08-13$11.89$10.00199.1%9.9%21.0%100.0%14.8%-15.5%11.2%10.3K-241.7K-4590.00155.847050890
2024-08-14$12.07$10.0036.4%10.4%21.8%11.6%23.8%-26.1%36.3%13.5K-278.1K-6060.00154.804051590
2024-08-15$12.16$12.5020.2%5.8%21.5%2.8%0.0%151.1%115.2%23.1K-237.6K-4530.45143.7620951490
2024-08-16$12.22$12.5023.2%6.7%21.2%4.5%0.0%140.8%68.2%12.2K-111.8K-4490.00145.730053499
2024-08-19$12.24$12.5027.6%7.9%19.7%6.8%0.0%162.8%5.2%11.7K-117.6K-4190.00129.584026189
2024-08-20$12.16$12.5024.6%7.1%19.8%5.2%25.4%173.9%11.0%11.8K-103.1K-4121.00127.551126389
2024-08-21$12.18$12.5019.5%5.6%19.7%2.4%26.0%166.2%0.8%14.1K-93.9K-3470.11141.199126489
2024-08-22$12.25$12.5038.4%11.0%19.8%12.7%17.9%172.8%-2.6%15.9K-95.1K-3090.00130.914025789
2024-08-23$12.33$12.5022.8%6.5%19.9%4.2%16.3%170.8%-4.1%19.1K-104.5K-3970.08131.9125225789
2024-08-26$12.34$12.5036.4%10.4%19.9%11.6%0.0%49.1%-11.6%21.4K-109.0K-3520.00122.353028291
2024-08-27$12.27$12.5033.9%9.7%20.0%10.3%11.0%63.4%34.5%12.4K-132.5K-4240.00133.715028491
2024-08-28$12.16$12.5017.6%5.0%20.2%1.4%25.4%26.8%52.0%14.1K-80.5K-3161.00132.141127991
2024-08-29$12.15$12.5041.4%11.9%20.1%14.3%0.0%67.6%49.4%8.8K-127.8K-4360.00115.750028092
2024-08-30$12.23$12.5040.0%11.5%14.9%13.6%70.6%73.2%54.0%10.9K-129.4K-4370.0099.150228092