CION Options History — July 2025

In July 2025, CION traded between $9.64 and $10.16. ATM implied volatility averaged 30.9%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 17.1% (HV 20d: 13.8%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.98.

Notable Days

  • 2025-07-29: Highest Volume — 216 contracts
  • 2025-07-03: Largest IV spike — 94.8% change
  • 2025-07-03: Highest IV Rank — 12.2%
  • 2025-07-01: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.90$9.64$10.16$9.66$9.68
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV30.9%21.4%41.6%39.8%30.4%
Expected Move8.6%6.1%11.4%11.4%8.7%
HV 20d13.8%11.3%15.2%13.4%15.2%
HV 60d25.8%22.1%38.5%38.5%22.3%
IV Rank7.8%4.0%12.2%11.5%7.6%
IV Percentile33.0%6.7%61.1%56.7%30.6%
Term Structure-0.8%-15.1%22.6%22.6%2.6%
VWIV28.6%22.7%36.3%26.6%24.2%
Skew 25d98.4%22.9%171.4%70.3%30.7%
Skew 10d147.4%30.4%269.5%66.2%30.4%
Call IV 25d29.5%19.2%35.0%19.2%27.8%
Put IV 25d127.9%48.6%200.7%89.5%58.5%
Bid-Ask Spread %113.3195.08137.09109.65130.41
Gamma HHI0.880.600.990.920.66
Net GEX18.5K3.6K31.6K4.5K19.7K
Net DEX-148.2K-350.7K49.3K19.9K49.3K
Net VEX-1.3K-2.7K-903-903-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.980.0030.000.000.00
Total Volume47.5451216316
Total OI2,055.6361,8012,2031,8012,200

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$9.66$10.0039.8%11.4%13.4%11.5%0.0%70.3%22.6%4.5K19.9K-9030.00109.65305381,263
2025-07-02$9.72$10.0021.4%6.1%13.5%4.0%0.0%171.4%16.7%3.6K13.8K-9160.04119.562715401,263
2025-07-03$9.83$10.0041.6%7.5%11.3%12.2%26.6%80.6%3.4%6.1K-19.9K-9590.00137.095005721,264
2025-07-07$9.64$10.0037.6%10.0%14.2%10.5%0.0%44.9%-9.4%7.6K4.6K-9250.00117.284506221,264
2025-07-08$9.72$10.0035.1%9.6%14.3%9.5%0.0%45.2%-4.2%9.9K-29.5K-9850.00114.47606571,264
2025-07-09$9.68$10.0029.3%8.4%13.7%7.2%32.0%92.8%-6.9%9.9K-22.6K-9850.00107.37706611,264
2025-07-10$9.77$10.0025.1%7.2%13.6%5.5%27.1%96.1%-2.3%11.2K-44.9K-1.0K0.00103.7010206671,264
2025-07-11$9.84$10.0027.3%7.8%13.4%6.4%29.2%95.4%0.3%17.7K-84.3K-1.1K30.00110.411307651,264
2025-07-14$9.91$10.0026.9%7.7%13.0%6.2%27.1%98.4%3.6%19.6K-129.7K-1.1K0.00109.574007651,234
2025-07-15$9.95$10.0026.3%7.5%12.9%6.0%26.5%98.4%4.9%22.3K-174.0K-1.1K0.00101.31508291,234
2025-07-16$10.03$10.0027.3%7.8%13.0%6.4%24.1%122.0%0.1%23.1K-228.3K-1.2K0.00110.469608341,234
2025-07-17$10.16$10.0029.2%8.4%13.3%7.2%26.3%106.6%-1.6%16.7K-294.4K-1.2K0.11111.5887108951,234
2025-07-18$10.11$10.0030.2%8.7%13.7%7.6%30.2%115.1%-5.1%20.8K-337.8K-1.3K0.00109.1518309091,239
2025-07-21$10.02$10.0022.7%6.5%14.6%4.5%22.7%22.9%3.3%31.6K-256.8K-1.3K0.0095.086209071,237
2025-07-22$10.11$10.0031.1%8.9%14.6%7.9%0.0%130.0%-7.6%23.3K-301.7K-1.4K0.00109.830169481,237
2025-07-23$10.16$10.0028.9%8.3%14.3%7.0%29.0%125.4%-3.6%29.5K-350.7K-1.4K0.00114.582009481,238
2025-07-24$10.13$10.0036.3%10.4%14.1%10.0%36.3%151.4%-11.4%18.1K-311.3K-1.4K0.00114.50409501,238
2025-07-25$10.07$10.0038.5%11.0%13.6%10.9%0.0%165.7%-15.1%27.6K-292.1K-1.3K0.00112.18019521,238
2025-07-28$9.98$10.0035.1%10.1%14.1%9.5%35.1%96.5%-8.1%28.9K-260.3K-1.2K7.50110.952159521,238
2025-07-29$9.89$10.0032.4%9.3%14.0%8.5%31.8%59.5%-4.6%30.9K-171.3K-1.2K0.00120.5121609501,253
2025-07-30$9.73$10.0026.5%7.6%15.2%6.0%0.0%145.4%4.3%24.3K-38.5K-2.7K0.00123.18019461,253
2025-07-31$9.68$10.0030.4%8.7%15.2%7.6%24.2%30.7%2.6%19.7K49.3K-2.7K0.00130.411609461,254