CNNE Options History — December 2025

In December 2025, CNNE traded between $15.66 and $17.23. ATM implied volatility averaged 109.5%, placing in the 34.6% IV rank vs the trailing year. The 30-day expected move averaged 29.6%. IV traded above realized volatility by 74.0% (HV 20d: 35.5%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-12-23: Highest Volume — 104 contracts
2025-12-26: Largest IV spike — 118.1% change
2025-12-31: Highest IV Rank — 56.2%
2025-12-31: Largest Expected Move — 46.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.26	$15.66	$17.23	$16.39	$15.66
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	109.5%	57.9%	161.4%	126.1%	161.4%
Expected Move	29.6%	18.9%	46.3%	36.1%	46.3%
HV 20d	35.5%	27.0%	49.8%	48.3%	27.6%
HV 60d	34.0%	32.8%	35.1%	32.9%	34.6%
IV Rank	34.6%	13.1%	56.2%	41.5%	56.2%
IV Percentile	70.5%	20.2%	95.6%	87.3%	95.6%
Term Structure	-25.8%	-53.0%	32.7%	-29.2%	-35.7%
VWIV	400.9%	400.9%	400.9%	400.9%	400.9%
Skew 25d	61.6%	-22.6%	179.2%	72.7%	179.2%
Skew 10d	99.8%	-22.7%	237.3%	207.3%	237.3%
Call IV 25d	70.5%	43.3%	134.3%	134.3%	76.5%
Put IV 25d	132.1%	42.3%	255.7%	207.1%	255.7%
Bid-Ask Spread %	141.15	131.62	146.01	139.88	142.66
Gamma HHI	0.54	0.39	0.71	0.61	0.44
Net GEX	6.5K	1.9K	10.2K	6.8K	6.0K
Net DEX	-79.4K	-229.2K	3.4K	-93.1K	-36.3K
Net VEX	-638	-1.3K	-286	-808	-364
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	8.091	0	104	0	15
Total OI	539.818	373	584	577	493

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-12-01	$16.39	$15.00	126.1%	36.1%	48.3%	41.5%	0.0%	72.7%	-29.2%	6.8K	-93.1K	-808	139.88	0	0	497	80
2025-12-02	$16.38	$15.00	127.0%	36.4%	48.2%	41.8%	0.0%	35.7%	-33.3%	10.2K	-229.2K	-1.3K	135.54	0	0	497	80
2025-12-03	$16.63	$15.00	101.3%	29.0%	48.6%	31.2%	0.0%	60.0%	32.7%	9.2K	-171.2K	-1.2K	137.04	0	0	497	80
2025-12-04	$16.77	$0.00	140.2%	24.5%	48.5%	47.4%	0.0%	93.1%	-31.9%	8.8K	-107.6K	-913	145.62	0	0	497	80
2025-12-05	$16.42	$0.00	134.9%	24.7%	48.4%	45.1%	0.0%	66.0%	-32.3%	7.0K	-84.6K	-785	146.01	0	1	497	80
2025-12-08	$16.27	$0.00	155.7%	25.3%	48.4%	53.8%	0.0%	118.4%	-35.9%	6.1K	-63.9K	-652	144.81	0	1	497	80
2025-12-09	$16.79	$0.00	57.9%	25.4%	49.8%	13.1%	0.0%	77.5%	-53.0%	7.6K	-184.6K	-1.1K	142.02	10	0	497	80
2025-12-10	$16.81	$0.00	90.9%	26.1%	29.1%	26.9%	0.0%	116.1%	-31.4%	8.3K	-121.5K	-854	145.24	0	0	502	80
2025-12-11	$17.23	$0.00	91.3%	26.2%	28.5%	27.0%	0.0%	65.9%	-24.5%	9.5K	-126.1K	-792	142.46	0	0	502	80
2025-12-12	$16.86	$0.00	93.3%	26.8%	29.0%	27.9%	0.0%	3.6%	-42.6%	9.1K	-102.6K	-743	140.29	0	0	502	80
2025-12-15	$16.23	$0.00	122.2%	35.0%	32.1%	39.9%	0.0%	72.0%	-17.4%	7.0K	-46.2K	-589	142.21	2	0	502	80
2025-12-16	$16.29	$0.00	91.0%	26.1%	30.6%	26.9%	400.9%	46.5%	-32.7%	5.2K	-47.5K	-436	143.59	29	0	504	80
2025-12-17	$15.96	$0.00	84.1%	24.1%	31.7%	24.0%	0.0%	21.3%	-14.2%	1.9K	3.4K	-327	137.72	0	0	502	80
2025-12-18	$16.03	$0.00	102.5%	29.4%	31.7%	31.7%	0.0%	79.9%	-14.8%	3.7K	-17.2K	-298	143.85	0	0	502	80
2025-12-19	$15.97	$0.00	65.8%	18.9%	31.5%	16.4%	0.0%	-22.6%	-20.3%	3.6K	-17.2K	-295	142.96	0	0	502	80
2025-12-22	$16.12	$0.00	73.7%	21.1%	27.0%	19.7%	0.0%	2.2%	-24.2%	3.9K	-16.3K	-286	143.20	0	0	351	22
2025-12-23	$15.71	$0.00	70.7%	20.3%	28.5%	18.4%	0.0%	-7.9%	-21.9%	3.7K	-17.7K	-304	140.50	104	0	351	22
2025-12-24	$15.93	$0.00	65.8%	18.9%	28.9%	16.4%	0.0%	-0.5%	-20.3%	5.3K	-25.5K	-317	131.62	0	0	455	22
2025-12-26	$15.82	$0.00	143.6%	41.2%	28.3%	48.8%	0.0%	64.1%	-25.9%	6.6K	-43.9K	-439	144.52	16	0	455	22
2025-12-29	$15.79	$0.00	153.4%	44.0%	28.3%	52.8%	0.0%	147.9%	-30.8%	5.7K	-29.2K	-348	133.97	0	0	471	22
2025-12-30	$15.68	$0.00	156.5%	44.9%	27.6%	54.1%	0.0%	63.8%	-28.2%	8.4K	-168.7K	-924	139.67	0	0	471	22
2025-12-31	$15.66	$0.00	161.4%	46.3%	27.6%	56.2%	0.0%	179.2%	-35.7%	6.0K	-36.3K	-364	142.66	15	0	471	22