CNNE Options History — March 2025

In March 2025, CNNE traded between $16.06 and $19.51. ATM implied volatility averaged 82.8%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 23.7%. IV traded above realized volatility by 43.7% (HV 20d: 39.0%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 4.49.

Notable Days

2025-03-19: Highest Volume — 774 contracts
2025-03-27: Largest IV spike — 112.9% change
2025-03-06: Highest IV Rank — 44.3%
2025-03-13: Largest Expected Move — 47.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.84	$16.06	$19.51	$18.95	$18.48
Max Pain	$18.81	$17.50	$20.00	$17.50	$20.00
ATM IV	82.8%	33.8%	128.7%	72.7%	75.0%
Expected Move	23.7%	10.6%	47.0%	20.8%	10.7%
HV 20d	39.0%	27.5%	50.7%	28.0%	48.1%
HV 60d	28.6%	23.2%	34.2%	23.7%	34.2%
IV Rank	25.7%	6.0%	44.3%	21.7%	22.6%
IV Percentile	51.9%	9.5%	86.5%	46.8%	44.0%
Term Structure	-1.2%	-19.7%	23.3%	16.5%	-15.0%
VWIV	77.5%	21.2%	385.0%	21.2%	46.6%
Skew 25d	67.3%	-13.4%	104.4%	91.0%	81.3%
Skew 10d	116.8%	-10.7%	219.4%	138.8%	167.8%
Call IV 25d	69.2%	39.1%	104.5%	104.5%	86.6%
Put IV 25d	136.5%	41.4%	204.9%	195.5%	167.9%
Bid-Ask Spread %	129.58	110.12	140.92	140.73	122.22
Gamma HHI	0.42	0.20	0.91	0.27	0.65
Net GEX	6.0K	-2.8K	25.7K	-2.8K	16.8K
Net DEX	-280.2K	-1.1M	156.0K	96.0K	-776.2K
Net VEX	-866	-1.9K	-321	-393	-1.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.49	0.00	39.00	0.00	0.28
Total Volume	52.238	0	774	4	37
Total OI	485.857	135	1,022	135	972

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
2025-03-03	$18.95	$17.50	72.7%	20.8%	28.0%	21.7%	21.2%	91.0%	16.5%	-2.8K	96.0K	-393	0.00	140.73	4	0	17	118
2025-03-04	$18.92	$17.50	86.3%	24.7%	27.7%	27.2%	0.0%	100.9%	-10.7%	-2.8K	98.2K	-390	0.00	140.36	0	0	19	118
2025-03-05	$19.00	$17.50	89.8%	25.7%	27.5%	28.6%	0.0%	71.7%	14.2%	-2.5K	102.3K	-397	0.00	140.92	0	0	19	118
2025-03-06	$18.19	$17.50	128.7%	36.9%	31.2%	44.3%	0.0%	71.7%	-8.5%	-2.5K	114.8K	-351	0.00	137.53	0	0	19	118
2025-03-07	$17.87	$17.50	122.6%	35.2%	30.9%	41.8%	61.9%	81.6%	-6.1%	-2.3K	121.6K	-331	0.00	137.32	8	0	19	118
2025-03-10	$16.94	$17.50	128.4%	36.8%	34.9%	44.1%	0.0%	100.7%	-3.4%	-1.7K	117.6K	-326	0.00	137.31	0	0	27	118
2025-03-11	$16.38	$17.50	76.0%	37.4%	35.6%	23.0%	0.0%	20.1%	-19.0%	-1.2K	94.6K	-373	0.12	139.55	33	4	27	118
2025-03-12	$16.38	$17.50	75.8%	39.4%	35.7%	22.9%	0.0%	53.0%	-19.7%	-959	125.9K	-321	0.00	139.78	8	0	60	122
2025-03-13	$16.06	$17.50	105.7%	47.0%	35.9%	35.0%	0.0%	36.3%	-12.9%	-803	85.2K	-438	10.00	136.63	1	10	68	122
2025-03-14	$16.29	$17.50	69.0%	43.0%	36.4%	20.2%	385.0%	97.3%	-5.9%	-712	74.0K	-509	39.00	136.45	1	39	69	132
2025-03-17	$16.63	$20.00	75.4%	20.5%	37.0%	22.8%	0.0%	99.4%	23.3%	-1.7K	139.3K	-529	0.00	133.37	0	0	68	171
2025-03-18	$16.65	$20.00	78.7%	18.8%	36.5%	24.1%	26.7%	101.5%	-9.9%	-1.4K	115.7K	-583	0.00	130.71	5	0	68	171
2025-03-19	$16.96	$20.00	76.3%	10.9%	37.7%	23.1%	37.6%	104.4%	5.7%	-2.0K	156.0K	-438	0.03	122.00	750	24	77	171
2025-03-20	$17.43	$20.00	87.5%	11.5%	39.1%	27.7%	0.0%	103.5%	-4.9%	15.8K	-643.1K	-1.9K	0.00	120.75	0	0	827	195
2025-03-21	$18.80	$20.00	74.1%	13.7%	48.4%	22.2%	0.0%	-0.7%	8.9%	25.7K	-1.1M	-1.4K	0.00	125.08	0	12	827	195
2025-03-24	$18.77	$20.00	56.2%	11.5%	48.4%	15.0%	0.0%	-13.4%	0.5%	20.0K	-951.4K	-1.7K	0.00	116.16	1	0	814	190
2025-03-25	$19.51	$20.00	71.3%	10.6%	50.2%	21.1%	39.8%	21.8%	9.3%	15.5K	-1.1M	-1.6K	0.00	110.12	131	0	815	190
2025-03-26	$19.02	$20.00	33.8%	12.3%	49.9%	6.0%	41.1%	94.0%	3.1%	23.5K	-1.1M	-1.2K	0.00	116.84	0	25	780	190
2025-03-27	$19.04	$20.00	72.0%	12.1%	49.9%	21.4%	0.0%	66.8%	4.6%	14.8K	-892.4K	-1.7K	0.00	116.87	0	0	780	188
2025-03-28	$18.38	$20.00	82.8%	17.0%	50.7%	25.7%	37.3%	30.9%	5.8%	17.3K	-760.2K	-1.6K	0.00	120.55	0	4	780	188
2025-03-31	$18.48	$20.00	75.0%	10.7%	48.1%	22.6%	46.6%	81.3%	-15.0%	16.8K	-776.2K	-1.6K	0.28	122.22	29	8	780	192