CNNE Options History — December 2023

In December 2023, CNNE traded between $17.96 and $19.99. ATM implied volatility averaged 29.2%, placing in the 2.8% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 2.3% (HV 20d: 26.9%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.81.

Notable Days

2023-12-14: Highest Volume — 3,057 contracts
2023-12-12: Largest IV spike — 49.4% change
2023-12-12: Highest IV Rank — 8.3%
2023-12-15: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.23	$17.96	$19.99	$18.69	$19.57
Max Pain	$19.00	$17.50	$20.00	$17.50	$20.00
ATM IV	29.2%	22.8%	40.3%	33.2%	27.1%
Expected Move	8.1%	7.1%	9.6%	9.5%	7.8%
HV 20d	26.9%	24.5%	32.0%	32.0%	25.6%
HV 60d	30.4%	27.7%	31.4%	30.2%	27.7%
IV Rank	2.8%	0.0%	8.3%	3.7%	2.1%
IV Percentile	4.5%	0.0%	22.2%	6.3%	4.4%
Term Structure	0.8%	-6.7%	10.2%	0.1%	-0.9%
VWIV	32.6%	24.6%	66.3%	25.2%	26.1%
Skew 25d	2.1%	-13.5%	16.1%	16.1%	-4.8%
Skew 10d	12.6%	-21.9%	104.9%	15.1%	-7.1%
Call IV 25d	26.7%	15.9%	35.9%	15.9%	27.8%
Put IV 25d	28.7%	22.4%	37.2%	32.0%	23.0%
Bid-Ask Spread %	98.45	66.86	114.14	95.75	94.25
Gamma HHI	0.62	0.47	0.78	0.60	0.68
Net GEX	95.7K	8.6K	184.6K	21.9K	164.0K
Net DEX	-1.0M	-2.1M	-478.7K	-591.9K	-1.2M
Net VEX	-2.7K	-5.6K	-888	-1.1K	-3.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.00	3.00	0.00	0.81
Total Volume	163.05	0	3,057	0	0
Total OI	2,005.25	545	3,650	545	3,505

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
2023-12-01	$18.69	$17.50	33.2%	9.5%	32.0%	3.7%	0.0%	16.1%	0.1%	21.9K	-591.9K	-1.1K	0.00	95.75	0	0	481	64
2023-12-04	$18.34	$20.00	33.1%	8.7%	28.8%	3.6%	0.0%	3.6%	10.2%	26.7K	-544.7K	-1.1K	0.00	105.52	0	0	481	64
2023-12-05	$18.11	$20.00	32.4%	8.7%	28.7%	3.3%	0.0%	2.9%	0.3%	31.6K	-512.3K	-1.1K	0.00	102.01	0	6	481	64
2023-12-06	$17.96	$20.00	33.2%	8.6%	28.5%	3.7%	0.0%	7.3%	0.3%	33.8K	-478.7K	-1.1K	0.00	106.62	0	0	483	70
2023-12-07	$18.43	$20.00	22.8%	8.9%	28.6%	0.0%	0.0%	6.0%	-0.3%	17.7K	-627.8K	-914	0.00	96.86	0	0	483	70
2023-12-08	$18.63	$20.00	31.6%	8.6%	28.7%	4.2%	25.2%	4.3%	1.4%	19.6K	-638.3K	-946	0.00	103.20	20	0	483	70
2023-12-11	$18.80	$20.00	27.0%	7.3%	28.7%	2.0%	29.8%	3.9%	2.4%	10.3K	-685.3K	-894	0.00	103.92	5	0	503	70
2023-12-12	$18.88	$17.50	40.3%	7.7%	28.7%	8.3%	0.0%	2.5%	1.5%	17.7K	-674.6K	-938	0.00	66.86	0	0	504	70
2023-12-13	$19.29	$17.50	27.5%	7.9%	26.1%	2.2%	0.0%	-3.6%	-1.8%	8.6K	-730.4K	-888	0.00	107.26	0	0	504	70
2023-12-14	$19.80	$17.50	30.0%	8.6%	27.1%	3.4%	32.6%	-9.8%	-3.2%	10.4K	-770.0K	-944	0.00	77.55	3,057	0	504	70
2023-12-15	$19.74	$17.50	33.5%	9.6%	24.8%	5.1%	36.2%	4.4%	-4.9%	156.4K	-2.1M	-5.6K	0.00	114.14	12	0	3,580	70
2023-12-18	$19.71	$17.50	26.8%	7.7%	24.8%	1.9%	26.8%	-13.5%	-0.2%	173.0K	-1.5M	-4.8K	0.00	104.44	5	0	3,326	59
2023-12-19	$19.99	$17.50	32.9%	9.4%	25.0%	4.8%	0.0%	1.4%	-1.5%	173.6K	-1.7M	-5.3K	0.00	106.65	0	0	3,331	59
2023-12-20	$19.58	$17.50	25.7%	7.4%	26.0%	1.4%	25.7%	6.0%	-6.7%	164.5K	-1.3M	-4.2K	0.62	102.27	26	16	3,331	59
2023-12-21	$19.65	$20.00	25.8%	7.4%	26.0%	1.4%	0.0%	6.2%	5.0%	165.9K	-1.3M	-4.2K	0.00	95.44	23	0	3,357	76
2023-12-22	$19.71	$20.00	24.6%	7.1%	25.5%	0.9%	24.6%	-0.8%	7.9%	172.4K	-1.4M	-4.0K	3.00	103.15	1	3	3,360	76
2023-12-26	$19.89	$20.00	25.6%	7.3%	24.5%	1.4%	66.3%	12.0%	1.2%	184.6K	-1.5M	-4.0K	1.67	96.43	3	5	3,360	77
2023-12-27	$19.80	$20.00	26.1%	7.5%	24.7%	1.6%	26.1%	-1.7%	0.7%	177.0K	-1.4M	-3.7K	2.83	92.16	6	17	3,363	77
2023-12-28	$19.94	$20.00	24.9%	7.1%	24.7%	1.0%	0.0%	-1.1%	4.5%	184.1K	-1.4M	-3.6K	0.81	94.61	31	25	3,365	85
2023-12-29	$19.57	$20.00	27.1%	7.8%	25.6%	2.1%	0.0%	-4.8%	-0.9%	164.0K	-1.2M	-3.7K	0.00	94.25	0	0	3,395	110