CION Options History — March 2026

In March 2026, CION traded between $6.55 and $8.13. ATM implied volatility averaged 78.0%, placing in the 50.5% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 41.2% (HV 20d: 36.9%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 2.91.

Notable Days

2026-03-26: Highest Volume — 428 contracts
2026-03-27: Largest IV spike — 1913.0% change
2026-03-10: Highest IV Rank — 100.0%
2026-03-30: Largest Expected Move — 34.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.25	$6.55	$8.13	$8.04	$6.86
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	78.0%	5.4%	148.4%	89.0%	104.5%
Expected Move	16.1%	1.5%	34.4%	25.5%	30.0%
HV 20d	36.9%	20.7%	50.1%	23.2%	49.2%
HV 60d	28.5%	22.4%	34.0%	22.5%	34.0%
IV Rank	50.5%	0.0%	100.0%	59.1%	71.9%
IV Percentile	77.6%	0.0%	100.0%	96.0%	96.8%
Term Structure	-2.2%	-121.5%	64.0%	-69.4%	-18.8%
VWIV	36.8%	32.3%	45.8%	32.3%	33.5%
Skew 25d	76.2%	8.0%	205.2%	17.0%	136.3%
Skew 10d	103.9%	-3.9%	260.7%	105.6%	141.2%
Call IV 25d	50.6%	32.2%	79.4%	59.2%	42.4%
Put IV 25d	126.8%	55.7%	261.2%	76.2%	178.8%
Bid-Ask Spread %	106.12	59.45	149.41	138.43	89.76
Gamma HHI	0.47	0.34	0.75	0.75	0.35
Net GEX	1.7K	-1.4K	6.2K	6.2K	-708
Net DEX	36.8K	-50.5K	180.0K	-50.5K	85.4K
Net VEX	-846	-1.1K	-469	-878	-1.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.91	0.00	19.38	7.05	0.00
Total Volume	66.143	1	428	153	12
Total OI	1,409.762	848	1,646	1,364	1,474

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
2026-03-02	$8.04	$7.50	89.0%	25.5%	23.2%	59.1%	32.3%	17.0%	-69.4%	6.2K	-50.5K	-878	7.05	138.43	19	134	1,136	228
2026-03-03	$8.04	$7.50	93.6%	26.8%	23.3%	62.8%	0.0%	18.2%	-120.0%	4.7K	-26.7K	-1.0K	0.19	139.76	16	3	1,129	352
2026-03-04	$8.13	$7.50	97.1%	27.9%	22.2%	65.7%	0.0%	18.4%	-121.5%	5.2K	-40.5K	-1.1K	0.00	140.49	80	0	1,135	355
2026-03-05	$8.09	$7.50	46.7%	17.8%	21.9%	25.0%	0.0%	116.1%	31.7%	681	-46.7K	-884	0.00	145.31	3	0	1,185	355
2026-03-06	$7.96	$7.50	117.1%	18.5%	21.4%	81.8%	0.0%	69.1%	27.8%	3.3K	-20.5K	-963	1.25	149.41	20	25	1,188	355
2026-03-09	$7.79	$7.50	52.5%	10.3%	21.6%	29.7%	34.6%	88.1%	31.9%	-280	10.1K	-850	2.50	140.81	12	30	1,203	358
2026-03-10	$7.68	$7.50	143.2%	19.7%	21.7%	100.0%	0.0%	65.3%	18.6%	4.2K	-44.3K	-1.1K	0.00	146.72	0	17	1,167	369
2026-03-11	$7.68	$7.50	72.4%	20.7%	20.7%	44.5%	0.0%	81.6%	12.2%	1.8K	-3	-1.1K	2.15	140.51	13	28	1,167	386
2026-03-12	$6.96	$7.50	38.0%	2.9%	38.4%	17.5%	39.2%	66.5%	4.4%	-1.4K	180.0K	-507	1.65	61.96	17	28	1,169	390
2026-03-13	$6.55	$7.50	44.8%	10.5%	42.2%	22.9%	45.8%	8.0%	8.0%	-576	145.8K	-508	10.25	77.16	4	41	1,183	375
2026-03-16	$6.67	$7.50	83.3%	8.1%	43.5%	53.0%	0.0%	29.9%	23.5%	839	171.9K	-469	0.00	79.36	64	0	1,257	366
2026-03-18	$6.71	$7.50	94.9%	10.4%	43.8%	62.1%	0.0%	106.4%	25.4%	1.8K	135.8K	-669	0.01	96.61	92	1	1,288	358
2026-03-19	$6.80	$7.50	87.6%	6.5%	44.7%	56.4%	0.0%	72.5%	64.0%	2.0K	95.9K	-793	0.57	95.47	7	4	1,232	359
2026-03-20	$6.71	$7.50	148.4%	12.9%	44.6%	100.0%	0.0%	205.2%	45.1%	2.1K	20.7K	-807	1.54	95.05	13	20	1,226	247
2026-03-23	$6.96	$7.50	80.1%	9.5%	47.8%	50.5%	39.3%	70.4%	-8.1%	2.0K	-10.7K	-751	0.34	84.28	71	24	668	180
2026-03-24	$6.96	$7.50	5.7%	8.6%	47.8%	0.0%	0.0%	57.6%	-4.7%	1.9K	-11.3K	-834	0.00	90.47	14	0	697	204
2026-03-25	$7.11	$7.50	5.9%	5.3%	48.8%	0.0%	32.9%	76.4%	23.2%	2.0K	-15.7K	-824	3.16	90.12	31	98	698	204
2026-03-26	$7.03	$7.50	5.4%	1.5%	48.3%	0.0%	33.5%	58.2%	24.5%	1.0K	17.2K	-856	19.38	59.45	21	407	728	302
2026-03-27	$6.71	$7.50	108.7%	31.2%	50.1%	75.0%	0.0%	110.4%	-25.2%	-263	96.3K	-960	5.33	88.55	3	16	749	709
2026-03-30	$6.80	$7.50	119.9%	34.4%	49.1%	83.1%	0.0%	129.0%	-18.5%	-223	81.5K	-941	0.00	78.83	0	1	751	723
2026-03-31	$6.86	$7.50	104.5%	30.0%	49.2%	71.9%	0.0%	136.3%	-18.8%	-708	85.4K	-1.0K	0.00	89.76	12	0	751	723