CNNE Options History — November 2025

In November 2025, CNNE traded between $15.13 and $17.88. ATM implied volatility averaged 78.1%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 22.1%. IV traded above realized volatility by 38.4% (HV 20d: 39.8%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.52.

Notable Days

2025-11-18: Highest Volume — 246 contracts
2025-11-21: Largest IV spike — 100.9% change
2025-11-21: Highest IV Rank — 39.7%
2025-11-21: Largest Expected Move — 34.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.28	$15.13	$17.88	$17.66	$16.13
Max Pain	$16.17	$15.00	$20.00	$17.50	$15.00
ATM IV	78.1%	38.0%	121.7%	95.8%	64.1%
Expected Move	22.1%	10.9%	34.9%	27.5%	18.4%
HV 20d	39.8%	24.9%	48.3%	25.2%	47.9%
HV 60d	29.5%	20.8%	32.9%	32.5%	32.8%
IV Rank	21.6%	4.9%	39.7%	28.9%	15.7%
IV Percentile	45.4%	4.4%	86.5%	66.3%	29.4%
Term Structure	-16.4%	-65.9%	29.2%	-65.9%	-1.3%
VWIV	64.3%	33.9%	142.7%	50.4%	142.7%
Skew 25d	56.0%	-56.3%	122.3%	-33.8%	63.4%
Skew 10d	135.8%	-57.8%	255.0%	45.7%	183.2%
Call IV 25d	90.2%	56.5%	120.3%	72.1%	119.5%
Put IV 25d	146.2%	31.8%	207.2%	38.3%	183.0%
Bid-Ask Spread %	139.44	131.28	144.18	136.99	144.18
Gamma HHI	0.57	0.44	0.83	0.45	0.62
Net GEX	59.9K	5.5K	140.4K	134.7K	8.2K
Net DEX	-707.4K	-2.0M	69.3K	-1.7M	-85.3K
Net VEX	-2.0K	-4.6K	-490	-4.3K	-910
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.00	2.00	0.00	0.00
Total Volume	31.211	0	246	0	0
Total OI	3,651.158	565	4,826	4,318	577

Daily Data (19 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
2025-11-03	$17.66	$17.50	95.8%	27.5%	25.2%	28.9%	0.0%	-33.8%	-65.9%	134.7K	-1.7M	-4.3K	0.00	136.99	0	0	4,245	73
2025-11-04	$17.68	$17.50	76.4%	21.9%	24.9%	20.8%	0.0%	94.2%	-41.5%	135.3K	-1.7M	-4.2K	0.00	142.31	0	0	4,245	73
2025-11-05	$17.88	$17.50	78.1%	22.4%	25.2%	21.5%	50.4%	109.3%	-44.7%	140.4K	-2.0M	-4.6K	0.00	140.29	1	0	4,245	73
2025-11-06	$17.45	$0.00	74.8%	25.4%	26.1%	20.2%	0.0%	68.5%	-12.5%	123.2K	-1.5M	-3.8K	0.00	143.55	0	0	4,246	73
2025-11-07	$17.32	$0.00	84.5%	25.8%	25.8%	24.2%	0.0%	70.0%	-13.6%	97.9K	-825.6K	-1.7K	0.00	142.92	0	0	4,246	73
2025-11-10	$17.44	$0.00	104.5%	27.3%	25.3%	32.5%	0.0%	35.0%	-15.1%	119.0K	-1.4M	-3.0K	0.00	141.48	0	0	4,246	73
2025-11-11	$15.62	$0.00	93.4%	18.4%	44.8%	27.9%	55.6%	70.7%	-19.2%	47.6K	-452.8K	-1.3K	0.04	141.51	183	8	4,246	73
2025-11-12	$16.09	$20.00	106.3%	30.5%	46.8%	33.3%	0.0%	73.7%	-9.8%	76.8K	-1.2M	-2.8K	2.00	137.12	1	2	4,373	73
2025-11-13	$15.82	$20.00	38.0%	10.9%	46.3%	4.9%	41.2%	-7.7%	29.2%	58.6K	-677.8K	-1.8K	1.00	131.28	2	2	4,372	71
2025-11-14	$15.61	$15.00	57.9%	16.6%	46.0%	13.1%	0.0%	-56.3%	-17.7%	42.9K	-374.0K	-1.1K	0.00	134.18	100	0	4,374	73
2025-11-17	$15.25	$15.00	78.2%	22.4%	45.4%	21.6%	62.0%	55.3%	-21.2%	57.2K	-978.8K	-2.0K	0.00	141.03	0	3	4,474	73
2025-11-18	$15.18	$15.00	62.6%	17.9%	44.7%	15.1%	33.9%	42.1%	-18.6%	31.9K	-203.5K	-652	0.12	132.60	220	26	4,474	76
2025-11-19	$15.25	$15.00	120.1%	34.4%	44.6%	39.0%	142.7%	122.3%	-23.5%	6.2K	69.3K	-490	0.00	140.72	0	23	4,690	102
2025-11-20	$15.13	$15.00	60.6%	17.4%	44.3%	14.3%	0.0%	90.0%	5.2%	31.3K	-195.2K	-1.1K	0.00	144.11	0	7	4,690	125
2025-11-21	$15.86	$15.00	121.7%	34.9%	48.1%	39.7%	0.0%	59.1%	-16.9%	7.1K	-5.5K	-888	0.00	139.63	0	3	4,690	136
2025-11-24	$15.93	$15.00	59.7%	17.1%	48.3%	13.9%	0.0%	76.5%	-18.3%	7.7K	-115.1K	-1.1K	1.00	141.55	1	1	486	79
2025-11-25	$15.83	$15.00	54.9%	15.7%	48.3%	11.9%	0.0%	97.8%	-0.2%	5.5K	-20.1K	-703	0.00	137.78	0	0	487	80
2025-11-26	$16.10	$15.00	52.9%	15.2%	47.8%	11.1%	0.0%	34.3%	-6.4%	6.4K	-41.1K	-719	0.00	136.22	10	0	487	80
2025-11-28	$16.13	$15.00	64.1%	18.4%	47.9%	15.7%	0.0%	63.4%	-1.3%	8.2K	-85.3K	-910	0.00	144.18	0	0	497	80