CION Options History — April 2026

In April 2026, CION traded between $6.76 and $7.69. ATM implied volatility averaged 94.1%, placing in the 64.3% IV rank vs the trailing year. The 30-day expected move averaged 27.0%. IV traded above realized volatility by 49.2% (HV 20d: 44.9%). Max pain ranged from $2.50 to $7.50. Net GEX was positive for 6 of 12 trading days. Term structure was in contango for 5 of 12 days. Put/call ratio averaged 0.12.

Notable Days

2026-04-14: Highest Volume — 66 contracts
2026-04-21: Largest IV spike — 69.9% change
2026-04-21: Highest IV Rank — 100.0%
2026-04-21: Largest Expected Move — 41.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.20	$6.76	$7.69	$6.76	$7.49
Max Pain	$7.08	$2.50	$7.50	$7.50	$7.50
ATM IV	94.1%	43.8%	145.4%	118.1%	145.4%
Expected Move	27.0%	12.6%	41.7%	33.9%	41.7%
HV 20d	44.9%	34.5%	53.0%	49.2%	36.0%
HV 60d	34.9%	33.9%	36.0%	34.0%	35.7%
IV Rank	64.3%	27.9%	100.0%	81.8%	100.0%
IV Percentile	91.2%	65.9%	100.0%	98.4%	100.0%
Term Structure	45.1%	-67.2%	398.1%	41.8%	271.7%
VWIV	96.6%	26.0%	167.2%	167.2%	26.0%
Skew 25d	64.7%	20.1%	116.2%	116.2%	54.8%
Skew 10d	77.7%	22.2%	136.4%	136.4%	94.5%
Call IV 25d	57.0%	27.2%	115.6%	45.2%	29.2%
Put IV 25d	121.7%	77.5%	161.4%	161.4%	84.1%
Bid-Ask Spread %	102.79	86.62	109.47	86.62	107.39
Gamma HHI	0.50	0.38	0.72	0.42	0.65
Net GEX	1.2K	-4.3K	6.3K	-1.8K	5.4K
Net DEX	23.8K	-107.8K	137.1K	111.7K	-62.9K
Net VEX	-817	-969	-680	-964	-707
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.00	0.57	0.00	0.33
Total Volume	9.167	0	66	1	4
Total OI	1,358.583	1,005	1,519	1,478	1,011

Daily Data (12 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
2026-04-01	$6.76	$7.50	118.1%	33.9%	49.2%	81.8%	0.0%	116.2%	41.8%	-1.8K	111.7K	-964	0.00	86.62	1	0	755	723
2026-04-02	$6.83	$7.50	93.6%	26.8%	49.1%	64.0%	0.0%	47.5%	-67.2%	-1.7K	132.6K	-768	0.00	109.47	0	0	756	723
2026-04-06	$7.08	$7.50	89.7%	25.7%	51.6%	61.2%	0.0%	50.4%	-27.3%	-4.3K	137.1K	-778	0.00	106.34	7	0	756	723
2026-04-08	$7.10	$7.50	108.4%	31.1%	51.6%	74.8%	167.2%	20.1%	-52.6%	-621	76.1K	-964	0.00	100.08	8	0	788	723
2026-04-09	$7.08	$2.50	86.7%	24.9%	51.3%	59.0%	0.0%	88.0%	-21.2%	-781	77.8K	-886	0.00	109.14	2	0	796	723
2026-04-10	$6.91	$7.50	99.9%	28.6%	51.6%	68.6%	0.0%	76.5%	-25.8%	-912	95.0K	-869	0.00	109.08	0	0	788	723
2026-04-13	$7.11	$7.50	98.8%	28.3%	53.0%	67.8%	0.0%	79.2%	-23.8%	2.5K	-8.7K	-735	0.00	104.43	3	0	788	508
2026-04-14	$7.29	$7.50	92.6%	26.5%	40.4%	63.3%	0.0%	80.6%	-32.7%	1.2K	-7.4K	-732	0.57	104.21	42	24	791	508
2026-04-16	$7.56	$7.50	43.8%	12.6%	34.6%	27.9%	0.0%	59.5%	67.3%	3.2K	-84.0K	-969	0.00	89.77	3	0	858	501
2026-04-17	$7.69	$7.50	66.8%	19.2%	34.5%	44.6%	0.0%	50.3%	398.1%	6.3K	-107.8K	-680	0.14	105.99	7	1	855	501
2026-04-20	$7.54	$7.50	85.6%	24.5%	35.8%	58.2%	26.0%	53.0%	13.1%	5.6K	-73.5K	-753	0.33	100.91	6	2	819	186
2026-04-21	$7.49	$7.50	145.4%	41.7%	36.0%	100.0%	0.0%	54.8%	271.7%	5.4K	-62.9K	-707	0.00	107.39	0	4	823	188