CNNE Options History — January 2023

In January 2023, CNNE traded between $20.54 and $24.38. ATM implied volatility averaged 47.4%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 16.3% (HV 20d: 31.1%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.16.

Notable Days

2023-01-30: Highest Volume — 26 contracts
2023-01-09: Largest IV spike — 88.8% change
2023-01-09: Highest IV Rank — 36.6%
2023-01-20: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.69	$20.54	$24.38	$20.54	$24.38
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	47.4%	34.5%	67.4%	34.5%	44.1%
Expected Move	13.4%	9.9%	17.0%	9.9%	12.7%
HV 20d	31.1%	22.9%	36.1%	34.5%	24.9%
HV 60d	43.7%	40.6%	45.2%	45.0%	40.6%
IV Rank	16.6%	3.8%	36.6%	3.8%	13.3%
IV Percentile	34.8%	1.2%	85.7%	1.2%	18.7%
Term Structure	-0.6%	-17.1%	24.6%	24.6%	20.3%
VWIV	38.8%	34.4%	46.0%	34.4%	44.4%
Skew 25d	13.2%	-15.4%	39.1%	16.1%	26.6%
Skew 10d	10.7%	-47.2%	58.9%	58.9%	33.2%
Call IV 25d	36.2%	23.2%	63.4%	61.2%	34.7%
Put IV 25d	49.4%	37.7%	77.4%	77.4%	61.3%
Bid-Ask Spread %	108.48	94.56	129.43	129.43	102.04
Gamma HHI	0.81	0.72	0.94	0.77	0.94
Net GEX	20.6K	14.4K	27.2K	16.8K	27.2K
Net DEX	-584.9K	-721.7K	-380.0K	-380.0K	-720.3K
Net VEX	-2.8K	-3.0K	-2.6K	-2.6K	-2.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.16	0.00	1.00	0.33	0.00
Total Volume	3.85	0	26	4	16
Total OI	648.15	634	658	634	634

Daily Data (20 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
2023-01-03	$20.54	$20.00	34.5%	9.9%	34.5%	3.8%	34.4%	16.1%	24.6%	16.8K	-380.0K	-2.6K	0.33	129.43	3	1	603	31
2023-01-04	$21.29	$20.00	35.2%	10.1%	36.1%	4.4%	0.0%	19.5%	13.6%	14.4K	-546.9K	-2.9K	0.00	120.31	1	0	606	32
2023-01-05	$21.25	$20.00	46.0%	13.3%	34.1%	15.2%	0.0%	10.5%	9.7%	16.9K	-461.6K	-2.8K	0.00	111.20	0	0	607	32
2023-01-06	$21.66	$20.00	35.7%	11.4%	34.6%	4.9%	0.0%	30.0%	-2.1%	17.4K	-453.0K	-2.7K	0.00	113.08	0	0	607	32
2023-01-09	$22.09	$20.00	67.4%	12.8%	35.1%	36.6%	0.0%	17.1%	-6.7%	18.3K	-499.1K	-2.8K	0.00	107.16	0	1	607	32
2023-01-10	$22.06	$20.00	43.8%	13.9%	35.2%	13.0%	46.0%	17.6%	-9.1%	19.2K	-584.7K	-2.9K	0.11	103.75	9	1	607	31
2023-01-11	$22.49	$20.00	54.1%	15.5%	35.7%	23.4%	0.0%	15.0%	-16.2%	21.0K	-594.7K	-2.9K	0.00	101.73	5	0	616	32
2023-01-12	$22.89	$20.00	45.1%	12.9%	34.6%	14.3%	0.0%	39.1%	-14.4%	20.7K	-612.3K	-3.0K	0.00	100.31	0	0	621	32
2023-01-13	$23.55	$20.00	41.7%	12.0%	35.4%	10.9%	36.2%	14.6%	2.9%	18.8K	-718.5K	-3.0K	0.50	103.92	2	1	621	32
2023-01-17	$23.30	$20.00	44.4%	12.7%	34.1%	13.6%	34.6%	2.8%	2.2%	23.0K	-721.7K	-2.9K	0.00	94.56	2	0	623	32
2023-01-18	$22.96	$20.00	40.7%	11.7%	32.7%	9.9%	0.0%	4.3%	0.9%	20.7K	-574.1K	-2.8K	0.00	113.94	0	0	624	32
2023-01-19	$22.71	$20.00	57.5%	16.5%	29.4%	26.7%	0.0%	-0.9%	-13.5%	21.9K	-499.1K	-2.6K	0.00	119.84	0	0	624	31
2023-01-20	$22.93	$20.00	59.3%	17.0%	28.3%	28.5%	0.0%	2.0%	-12.0%	19.1K	-633.3K	-2.9K	0.00	121.52	2	0	624	31
2023-01-23	$23.09	$20.00	37.1%	10.6%	28.1%	6.3%	0.0%	6.5%	14.9%	24.4K	-548.4K	-2.7K	0.00	104.49	3	0	622	29
2023-01-24	$22.98	$20.00	53.6%	15.4%	26.8%	22.8%	0.0%	12.9%	-17.1%	21.7K	-586.9K	-2.8K	0.00	110.96	0	0	625	29
2023-01-25	$22.91	$20.00	49.3%	14.1%	26.8%	18.5%	0.0%	12.8%	-10.3%	20.4K	-567.3K	-2.7K	0.00	105.62	0	0	625	29
2023-01-26	$23.50	$20.00	45.9%	13.2%	27.3%	15.1%	0.0%	18.1%	8.9%	22.5K	-630.9K	-2.8K	0.00	102.72	2	0	625	29
2023-01-27	$23.64	$20.00	56.5%	16.2%	25.8%	25.7%	0.0%	-15.4%	-0.2%	24.1K	-678.8K	-2.8K	0.00	100.29	2	0	627	29
2023-01-30	$23.55	$20.00	56.0%	16.0%	22.9%	25.2%	37.3%	15.4%	-9.4%	22.6K	-686.1K	-2.8K	1.00	102.83	13	13	629	29
2023-01-31	$24.38	$20.00	44.1%	12.7%	24.9%	13.3%	44.4%	26.6%	20.3%	27.2K	-720.3K	-2.7K	0.00	102.04	16	0	617	17