CNNE Options History — May 2025

In May 2025, CNNE traded between $17.74 and $18.77. ATM implied volatility averaged 78.3%, placing in the 23.9% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded above realized volatility by 47.6% (HV 20d: 30.7%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.11.

Notable Days

2025-05-19: Highest Volume — 4,001 contracts
2025-05-02: Largest IV spike — 163.3% change
2025-05-30: Highest IV Rank — 37.9%
2025-05-30: Largest Expected Move — 32.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.15	$17.74	$18.77	$17.88	$18.63
Max Pain	$17.74	$17.50	$20.00	$20.00	$17.50
ATM IV	78.3%	29.7%	112.9%	32.7%	112.9%
Expected Move	22.3%	9.4%	32.4%	9.4%	32.4%
HV 20d	30.7%	24.6%	49.1%	49.1%	27.5%
HV 60d	42.7%	41.9%	43.5%	42.2%	42.2%
IV Rank	23.9%	4.3%	37.9%	5.5%	37.9%
IV Percentile	50.0%	4.8%	82.1%	7.1%	82.1%
Term Structure	-11.9%	-89.9%	14.9%	14.9%	-16.1%
VWIV	29.8%	25.0%	34.6%	34.6%	25.0%
Skew 25d	73.6%	-22.3%	129.2%	64.1%	94.9%
Skew 10d	79.6%	-23.3%	152.8%	152.8%	126.9%
Call IV 25d	60.9%	23.9%	92.7%	31.0%	92.7%
Put IV 25d	134.5%	30.6%	187.6%	95.1%	187.6%
Bid-Ask Spread %	132.58	122.28	138.25	127.43	138.25
Gamma HHI	0.51	0.33	0.90	0.67	0.38
Net GEX	24.9K	-40.4K	112.5K	-23.4K	91.1K
Net DEX	-1.2M	-3.9M	212.8K	199.6K	-3.7M
Net VEX	-8.5K	-20.9K	-997	-1.6K	-20.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.11	0.00	10.00	0.00	0.00
Total Volume	193.381	0	4,001	2	16
Total OI	2,158	229	4,234	933	4,234

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
2025-05-01	$17.88	$20.00	32.7%	9.4%	49.1%	5.5%	34.6%	64.1%	14.9%	-23.4K	199.6K	-1.6K	0.00	127.43	0	2	451	482
2025-05-02	$18.07	$20.00	86.1%	24.7%	46.4%	27.1%	0.0%	35.9%	-89.9%	-12.6K	136.7K	-1.7K	0.00	122.28	2	0	451	482
2025-05-05	$17.91	$17.50	29.7%	21.1%	40.9%	4.3%	0.0%	58.4%	-6.6%	-33.7K	199.5K	-1.4K	0.00	132.24	5	0	449	482
2025-05-06	$17.84	$17.50	39.8%	21.3%	39.2%	8.4%	0.0%	67.9%	-8.2%	-20.9K	208.0K	-1.5K	0.00	132.07	0	0	452	482
2025-05-07	$17.91	$17.50	96.0%	23.2%	37.8%	31.1%	0.0%	87.3%	-10.7%	-7.1K	137.6K	-1.7K	0.00	133.74	0	0	452	482
2025-05-08	$18.48	$17.50	100.2%	22.8%	28.8%	32.8%	0.0%	71.3%	-11.9%	-6.0K	40.4K	-1.6K	0.00	133.88	0	0	452	482
2025-05-09	$18.38	$17.50	105.4%	23.7%	24.6%	34.9%	0.0%	55.1%	-18.3%	-6.7K	68.0K	-1.6K	0.00	132.46	0	0	452	482
2025-05-12	$18.77	$17.50	57.4%	12.7%	24.7%	15.5%	0.0%	72.5%	-4.9%	-5.2K	441	-1.4K	0.00	136.40	17	0	452	482
2025-05-13	$17.96	$17.50	96.1%	22.5%	28.3%	31.1%	0.0%	65.2%	-10.7%	-15.8K	181.4K	-1.3K	0.00	133.20	0	0	462	482
2025-05-14	$17.89	$17.50	79.3%	22.7%	28.0%	24.3%	0.0%	91.1%	-10.3%	-31.9K	212.8K	-1.2K	0.00	133.77	0	0	462	482
2025-05-15	$18.05	$17.50	82.9%	23.8%	27.9%	25.8%	0.0%	74.0%	-8.5%	-40.4K	132.8K	-1.1K	0.00	135.33	0	0	462	482
2025-05-16	$18.27	$17.50	33.2%	9.5%	28.2%	5.7%	25.0%	36.8%	11.3%	3.4K	10.0K	-997	10.00	122.64	1	10	462	480
2025-05-19	$18.47	$17.50	75.5%	21.6%	25.7%	22.8%	0.0%	66.3%	11.3%	3.8K	-130.0K	-997	0.00	136.30	4,001	0	186	43
2025-05-20	$18.18	$17.50	89.5%	25.7%	26.2%	28.5%	0.0%	116.3%	-10.4%	85.9K	-3.5M	-20.7K	0.00	132.00	0	0	4,186	43
2025-05-21	$17.74	$17.50	89.1%	25.6%	26.8%	28.3%	0.0%	103.4%	-11.9%	90.2K	-3.0M	-19.2K	0.00	134.29	1	0	4,186	43
2025-05-22	$17.82	$17.50	88.5%	25.4%	26.8%	28.1%	0.0%	88.5%	-10.1%	112.5K	-2.7M	-18.2K	0.00	133.40	1	0	4,187	43
2025-05-23	$17.82	$17.50	40.6%	11.6%	26.4%	8.7%	0.0%	-22.3%	-10.7%	76.0K	-3.4M	-20.0K	0.00	127.11	0	0	4,188	43
2025-05-27	$18.15	$17.50	96.9%	27.8%	27.0%	31.4%	0.0%	97.8%	-10.1%	96.4K	-3.3M	-19.8K	0.00	135.78	3	0	4,188	43
2025-05-28	$18.28	$17.50	103.5%	29.7%	27.1%	34.1%	0.0%	129.2%	-16.2%	82.9K	-3.6M	-20.3K	0.00	133.45	0	0	4,189	43
2025-05-29	$18.70	$17.50	108.5%	31.1%	27.5%	36.1%	0.0%	91.8%	-21.4%	83.7K	-3.9M	-20.9K	0.00	138.07	0	2	4,189	43
2025-05-30	$18.63	$17.50	112.9%	32.4%	27.5%	37.9%	0.0%	94.9%	-16.1%	91.1K	-3.7M	-20.4K	0.00	138.25	16	0	4,189	45