CNNE Options History — September 2025

In September 2025, CNNE traded between $18.30 and $19.58. ATM implied volatility averaged 81.1%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 19.7%. IV traded above realized volatility by 54.6% (HV 20d: 26.6%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.13.

Notable Days

  • 2025-09-19: Highest Volume — 12 contracts
  • 2025-09-04: Largest IV spike — 52.4% change
  • 2025-09-08: Highest IV Rank — 59.8%
  • 2025-09-02: Largest Expected Move — 34.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.86$18.30$19.58$18.65$18.33
Max Pain$18.93$17.50$20.00$17.50$17.50
ATM IV81.1%37.3%170.0%120.4%57.3%
Expected Move19.7%10.7%34.5%34.5%16.4%
HV 20d26.6%16.5%50.5%50.5%18.7%
HV 60d32.7%32.3%33.0%33.0%32.4%
IV Rank22.8%4.6%59.8%39.1%12.9%
IV Percentile39.6%3.6%95.2%83.7%16.3%
Term Structure-11.1%-39.7%16.8%-23.7%-39.7%
VWIV26.2%26.2%26.2%26.2%26.2%
Skew 25d71.7%17.6%169.1%169.1%17.6%
Skew 10d85.4%25.4%148.9%116.6%77.1%
Call IV 25d57.3%29.5%109.5%34.4%109.5%
Put IV 25d129.0%58.0%203.5%203.5%127.1%
Bid-Ask Spread %137.63132.68147.24142.47135.62
Gamma HHI0.430.400.470.400.42
Net GEX166.3K114.6K212.5K114.6K151.5K
Net DEX-3.2M-4.0M-2.7M-3.4M-2.8M
Net VEX-11.3K-13.8K-9.6K-13.8K-9.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.000.500.000.00
Total Volume1.47601201
Total OI4,2694,2594,2824,2594,282

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$18.65$17.50120.4%34.5%50.5%39.1%0.0%169.1%-23.7%114.6K-3.4M-13.8K0.00142.47004,19564
2025-09-03$18.73$17.5097.3%27.9%49.6%29.5%0.0%131.7%-28.3%118.5K-3.5M-13.8K0.00147.24104,19564
2025-09-04$18.53$20.00148.3%23.0%49.3%50.7%0.0%50.8%-13.6%146.1K-3.0M-12.4K0.50138.31214,19564
2025-09-05$18.75$20.00148.6%23.1%47.6%50.9%0.0%50.9%-11.6%118.1K-3.5M-13.6K0.00139.02004,19765
2025-09-08$18.69$20.00170.0%23.9%47.4%59.8%0.0%106.0%-10.3%119.2K-3.4M-13.3K0.00138.94004,19765
2025-09-09$18.89$20.0098.2%16.1%47.3%29.9%0.0%103.7%3.9%178.4K-3.1M-11.4K0.50137.51214,19765
2025-09-10$18.83$20.0055.8%16.0%17.0%12.3%0.0%108.5%16.8%144.5K-2.9M-11.4K0.00136.19004,19966
2025-09-11$19.32$20.0057.7%16.5%17.7%13.1%0.0%54.7%4.4%192.4K-3.6M-11.7K0.00136.27004,19966
2025-09-12$19.20$20.0059.6%17.1%16.5%13.9%0.0%101.0%-0.4%204.6K-3.3M-11.0K0.00137.56004,19966
2025-09-15$19.13$20.0066.8%19.2%16.6%16.9%0.0%99.1%-12.0%189.8K-3.3M-11.1K0.00137.33504,19966
2025-09-16$19.51$20.0067.0%19.2%17.6%16.9%0.0%50.1%-6.2%212.5K-3.9M-11.1K0.00134.23004,19866
2025-09-17$19.50$20.0065.9%18.9%17.3%16.4%0.0%59.2%-0.5%205.1K-3.9M-11.3K0.00137.95004,19866
2025-09-18$19.58$20.0076.6%22.0%17.2%20.9%26.2%84.1%-18.8%204.6K-4.0M-11.5K0.00135.61404,19866
2025-09-19$19.21$20.0072.5%20.8%18.6%19.2%0.0%47.2%-11.6%198.8K-3.6M-10.8K0.00136.281204,20266
2025-09-22$18.95$17.5067.9%19.5%17.2%17.3%0.0%64.2%7.9%180.9K-2.9M-9.6K0.00138.34004,21466
2025-09-23$18.75$17.5062.1%17.8%17.6%14.9%0.0%21.4%-28.6%190.6K-3.0M-9.8K0.00137.38004,21466
2025-09-24$18.38$17.5063.4%18.2%18.7%15.4%0.0%55.0%-21.9%161.5K-2.7M-10.1K0.00137.06004,21466
2025-09-25$18.30$17.5060.8%17.4%18.7%14.3%0.0%77.5%-14.8%150.2K-2.8M-10.2K0.00139.01204,21466
2025-09-26$18.34$17.5037.3%10.7%18.6%4.6%0.0%35.8%5.1%155.6K-2.7M-10.0K0.00135.17004,21666
2025-09-29$18.41$17.5050.6%14.5%18.6%10.1%0.0%17.9%-29.7%155.7K-2.8M-9.8K0.00132.68004,21666
2025-09-30$18.33$17.5057.3%16.4%18.7%12.9%0.0%17.6%-39.7%151.5K-2.8M-9.8K0.00135.62104,21666