CION Options History — December 2024

In December 2024, CION traded between $11.25 and $11.84. ATM implied volatility averaged 44.0%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 24.3% (HV 20d: 19.7%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.02.

Notable Days

2024-12-23: Highest Volume — 151 contracts
2024-12-27: Largest IV spike — 267.7% change
2024-12-30: Highest IV Rank — 38.0%
2024-12-30: Largest Expected Move — 23.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.55	$11.25	$11.84	$11.46	$11.39
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	44.0%	16.0%	82.9%	21.0%	77.4%
Expected Move	12.5%	4.6%	23.8%	6.0%	22.2%
HV 20d	19.7%	16.3%	22.6%	21.2%	20.9%
HV 60d	16.8%	15.5%	18.3%	16.3%	18.3%
IV Rank	17.3%	2.4%	38.0%	5.0%	35.1%
IV Percentile	47.8%	1.2%	89.3%	7.9%	85.3%
Term Structure	15.8%	-57.0%	124.8%	-3.8%	-57.0%
VWIV	79.6%	10.5%	113.6%	77.1%	113.6%
Skew 25d	3.6%	-43.4%	59.1%	22.3%	0.1%
Skew 10d	-10.6%	-59.2%	55.8%	36.2%	-42.5%
Call IV 25d	45.1%	16.1%	125.5%	25.6%	125.5%
Put IV 25d	48.6%	23.5%	125.7%	47.8%	125.7%
Bid-Ask Spread %	149.44	133.94	160.88	148.82	148.26
Gamma HHI	0.79	0.54	0.97	0.80	0.62
Net GEX	7.7K	3.6K	15.8K	5.0K	4.8K
Net DEX	-118.3K	-167.3K	-45.7K	-45.7K	-91.7K
Net VEX	-760	-1.1K	-469	-469	-930
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.02	0.00	0.25	0.00	0.00
Total Volume	18.667	0	151	21	4
Total OI	453.905	297	552	297	552

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-12-02	$11.46	$10.00	21.0%	6.0%	21.2%	5.0%	0.0%	22.3%	-3.8%	5.0K	-45.7K	-469	0.00	148.82	21	0	241	56
2024-12-03	$11.41	$10.00	42.9%	12.3%	20.7%	16.7%	0.0%	15.5%	-4.3%	4.9K	-87.3K	-567	0.00	148.51	0	0	262	56
2024-12-04	$11.48	$10.00	42.1%	12.1%	20.6%	16.3%	0.0%	40.1%	-4.4%	5.5K	-79.9K	-488	0.00	154.99	62	0	262	56
2024-12-05	$11.42	$0.00	47.0%	13.2%	19.0%	18.9%	0.0%	4.7%	3.7%	8.3K	-78.5K	-522	0.00	155.77	27	0	324	56
2024-12-06	$11.46	$0.00	49.0%	13.4%	16.3%	19.9%	0.0%	1.0%	-3.9%	7.7K	-100.8K	-600	0.00	154.86	31	0	336	56
2024-12-09	$11.65	$0.00	50.7%	11.5%	17.3%	20.8%	77.1%	-25.0%	-20.2%	9.0K	-138.4K	-696	0.00	155.56	23	0	367	56
2024-12-10	$11.59	$10.00	54.2%	17.9%	17.4%	22.7%	0.0%	-42.9%	-32.9%	11.5K	-116.7K	-643	0.00	159.05	0	0	390	56
2024-12-11	$11.57	$10.00	50.4%	14.5%	17.0%	20.7%	0.0%	-43.4%	-32.5%	7.9K	-156.2K	-836	0.00	157.67	2	0	390	56
2024-12-12	$11.64	$10.00	32.4%	9.3%	17.1%	11.1%	0.0%	-7.6%	-2.8%	9.0K	-154.8K	-792	0.00	153.53	10	0	391	56
2024-12-13	$11.84	$10.00	29.0%	8.3%	18.0%	9.3%	10.5%	-0.4%	8.0%	12.7K	-160.8K	-765	0.00	137.06	32	0	401	56
2024-12-16	$11.81	$10.00	44.5%	12.8%	17.3%	17.6%	0.0%	-14.0%	4.1%	13.7K	-167.3K	-792	0.25	148.58	4	1	433	56
2024-12-17	$11.84	$10.00	28.1%	8.0%	16.3%	8.8%	0.0%	1.7%	3.9%	15.8K	-162.4K	-712	0.00	145.26	1	0	435	56
2024-12-18	$11.46	$10.00	40.0%	11.5%	20.3%	15.1%	0.0%	-1.1%	-1.9%	6.5K	-139.5K	-818	0.00	133.94	0	0	436	56
2024-12-19	$11.64	$10.00	49.5%	14.2%	21.0%	20.2%	0.0%	-12.6%	124.8%	8.2K	-142.1K	-705	0.00	151.13	0	1	436	56
2024-12-20	$11.74	$10.00	36.3%	10.4%	21.0%	13.2%	0.0%	-2.4%	124.6%	6.9K	-165.5K	-818	0.00	141.69	20	0	436	56
2024-12-23	$11.43	$10.00	53.2%	15.2%	22.6%	22.2%	92.0%	20.0%	42.7%	5.8K	-148.1K	-848	0.00	147.65	0	151	352	47
2024-12-24	$11.50	$10.00	16.0%	4.6%	22.1%	2.4%	0.0%	44.3%	49.1%	3.6K	-111.0K	-1.1K	0.00	160.88	0	0	352	198
2024-12-26	$11.52	$10.00	16.4%	4.7%	22.0%	2.6%	0.0%	12.0%	51.1%	6.5K	-53.5K	-906	0.00	141.01	0	0	352	198
2024-12-27	$11.39	$10.00	60.3%	17.3%	22.3%	26.0%	104.9%	59.1%	48.9%	3.6K	-107.8K	-1.1K	0.00	141.05	0	1	352	198
2024-12-30	$11.25	$10.00	82.9%	23.8%	22.6%	38.0%	0.0%	3.8%	35.3%	4.7K	-75.8K	-920	0.00	152.94	1	0	352	199
2024-12-31	$11.39	$10.00	77.4%	22.2%	20.9%	35.1%	113.6%	0.1%	-57.0%	4.8K	-91.7K	-930	0.00	148.26	4	0	353	199