CNNE Options History — May 2023

In May 2023, CNNE traded between $17.70 and $20.07. ATM implied volatility averaged 46.8%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 18.5% (HV 20d: 28.3%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.11.

Notable Days

2023-05-09: Highest Volume — 103 contracts
2023-05-25: Largest IV spike — 44.6% change
2023-05-02: Highest IV Rank — 19.0%
2023-05-02: Largest Expected Move — 19.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.81	$17.70	$20.07	$18.28	$19.75
Max Pain	$18.06	$17.50	$20.00	$17.50	$17.50
ATM IV	46.8%	34.1%	69.4%	62.3%	40.8%
Expected Move	13.2%	9.8%	19.9%	17.9%	11.7%
HV 20d	28.3%	25.1%	30.9%	27.9%	25.1%
HV 60d	31.8%	30.9%	32.6%	32.2%	31.4%
IV Rank	7.9%	1.6%	19.0%	15.5%	4.9%
IV Percentile	33.3%	1.6%	85.3%	78.2%	14.3%
Term Structure	-2.9%	-24.7%	38.0%	-13.2%	2.8%
VWIV	42.8%	34.4%	56.1%	41.1%	40.9%
Skew 25d	9.6%	-28.7%	24.0%	24.0%	0.0%
Skew 10d	14.1%	-20.4%	42.5%	25.7%	0.2%
Call IV 25d	38.8%	22.8%	64.7%	33.0%	40.7%
Put IV 25d	48.4%	34.8%	64.9%	56.9%	40.7%
Bid-Ask Spread %	108.79	94.55	124.94	103.13	105.61
Gamma HHI	0.66	0.50	0.86	0.56	0.85
Net GEX	86.5K	7.9K	187.6K	135.7K	11.4K
Net DEX	-1.2M	-2.6M	-110.1K	-1.8M	-118.1K
Net VEX	-1.5K	-3.1K	-319	-3.0K	-376
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	1.00	1.00	0.24
Total Volume	15.591	0	103	0	51
Total OI	2,046.818	170	3,001	2,853	192

Daily Data (22 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
2023-05-01	$18.28	$17.50	62.3%	17.9%	27.9%	15.5%	0.0%	24.0%	-13.2%	135.7K	-1.8M	-3.0K	0.00	103.13	0	0	2,827	26
2023-05-02	$17.93	$17.50	69.4%	19.9%	28.0%	19.0%	41.1%	2.0%	-19.9%	94.6K	-1.4M	-3.1K	1.00	102.59	1	1	2,827	26
2023-05-03	$17.84	$17.50	59.5%	17.0%	27.7%	14.1%	0.0%	4.4%	-8.9%	118.7K	-1.7M	-2.9K	0.00	109.10	0	0	2,827	26
2023-05-04	$17.70	$0.00	49.5%	14.7%	27.5%	9.2%	0.0%	10.2%	1.4%	110.6K	-1.2M	-2.4K	0.00	118.89	4	0	2,827	26
2023-05-05	$18.18	$0.00	65.2%	13.8%	29.6%	16.9%	0.0%	14.1%	-18.4%	120.9K	-1.6M	-2.8K	0.00	114.36	1	0	2,829	26
2023-05-08	$18.31	$0.00	55.8%	15.4%	29.6%	12.3%	0.0%	17.4%	-24.7%	122.1K	-1.6M	-2.4K	0.00	112.64	0	0	2,829	26
2023-05-09	$18.24	$0.00	44.8%	13.2%	29.5%	6.9%	45.4%	7.6%	-14.1%	111.6K	-1.6M	-2.4K	0.00	108.19	103	0	2,829	26
2023-05-10	$17.84	$20.00	44.8%	12.8%	28.7%	6.9%	0.0%	13.6%	2.9%	103.0K	-1.4M	-2.3K	0.00	124.94	1	0	2,932	26
2023-05-11	$17.74	$20.00	44.6%	12.8%	28.5%	6.8%	0.0%	14.4%	3.7%	109.2K	-1.0M	-1.7K	0.00	111.73	0	0	2,931	26
2023-05-12	$18.01	$20.00	38.6%	11.1%	29.0%	3.9%	0.0%	-28.7%	-3.3%	113.9K	-1.4M	-2.0K	0.00	120.38	10	0	2,931	26
2023-05-15	$18.46	$20.00	42.5%	12.2%	28.9%	5.8%	42.8%	14.4%	-13.7%	140.1K	-1.6M	-1.6K	0.00	111.88	2	0	2,934	26
2023-05-16	$18.84	$17.50	36.9%	10.6%	29.0%	3.0%	35.7%	11.2%	-7.2%	187.6K	-2.2M	-1.4K	0.00	110.33	51	0	2,936	26
2023-05-17	$19.25	$17.50	41.1%	11.8%	29.8%	5.0%	0.0%	14.9%	9.2%	173.5K	-2.3M	-1.1K	0.00	122.00	0	0	2,973	26
2023-05-18	$19.50	$17.50	38.2%	11.0%	30.0%	3.7%	49.1%	8.4%	38.0%	180.6K	-2.6M	-1.1K	0.33	103.02	3	1	2,973	26
2023-05-19	$19.59	$17.50	38.1%	10.9%	29.8%	3.6%	0.0%	-0.6%	8.3%	9.7K	-1.6M	-400	0.00	107.51	80	0	2,976	25
2023-05-22	$20.07	$17.50	34.1%	9.8%	30.9%	1.6%	56.1%	22.6%	7.5%	11.7K	-164.3K	-394	0.00	94.55	2	0	175	7
2023-05-23	$19.57	$17.50	39.6%	11.3%	28.5%	4.3%	39.6%	9.8%	6.2%	10.2K	-152.2K	-377	0.00	98.80	10	0	173	7
2023-05-24	$19.52	$17.50	34.4%	9.9%	25.8%	1.8%	34.4%	0.2%	2.5%	10.5K	-110.5K	-337	0.00	96.04	2	0	163	7
2023-05-25	$19.38	$17.50	49.8%	14.3%	26.1%	9.4%	0.0%	16.1%	-7.0%	7.9K	-110.1K	-336	0.00	95.87	10	0	165	7
2023-05-26	$19.81	$17.50	46.2%	13.2%	26.0%	7.6%	0.0%	14.2%	-8.7%	9.3K	-150.6K	-363	0.00	103.78	0	0	175	7
2023-05-30	$19.95	$17.50	53.5%	15.3%	26.0%	11.2%	0.0%	20.5%	-6.3%	11.0K	-131.7K	-319	0.00	118.03	0	10	175	7
2023-05-31	$19.75	$17.50	40.8%	11.7%	25.1%	4.9%	40.9%	0.0%	2.8%	11.4K	-118.1K	-376	0.24	105.61	41	10	175	17