CORN Options History — January 2025

In January 2025, CORN traded between $18.54 and $20.16. ATM implied volatility averaged 16.9%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 0.7% (HV 20d: 16.2%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.13.

Notable Days

  • 2025-01-30: Highest Volume — 819 contracts
  • 2025-01-29: Largest IV spike — 46.4% change
  • 2025-01-07: Highest IV Rank — 34.0%
  • 2025-01-31: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.44$18.54$20.16$18.87$19.77
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV16.9%11.8%21.2%13.7%18.5%
Expected Move4.7%3.4%5.3%3.9%5.3%
HV 20d16.2%12.1%18.8%12.1%18.8%
HV 60d13.5%12.4%14.5%12.4%14.5%
IV Rank21.3%6.5%34.0%11.8%26.1%
IV Percentile28.0%1.6%73.4%9.1%41.3%
Term Structure2.3%-7.0%25.0%7.3%0.7%
VWIV16.3%11.8%19.6%11.8%16.1%
Skew 25d-0.2%-6.8%5.7%4.3%-6.8%
Skew 10d1.5%-8.7%12.9%2.2%-8.7%
Call IV 25d15.9%10.6%22.3%10.6%20.4%
Put IV 25d15.7%10.9%18.1%14.9%13.5%
Bid-Ask Spread %99.0590.97118.66102.38105.66
Gamma HHI0.380.270.610.380.27
Net GEX256.4K168.1K418.8K322.9K252.4K
Net DEX-3.4M-4.1M-2.2M-3.0M-3.7M
Net VEX-8.0K-9.9K-7.0K-8.4K-9.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.000.780.000.08
Total Volume286.140819245428
Total OI6,044.83,1148,1057,9134,625

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$18.87$18.0013.7%3.9%12.1%11.8%11.8%4.3%7.3%322.9K-3.0M-8.4K0.00102.38N/AN/A24507,250663
2025-01-03$18.54$18.0014.5%4.2%13.8%14.3%17.4%-4.3%-0.4%264.8K-2.2M-8.1K0.1595.06N/AN/A220347,313663
2025-01-06$18.74$18.0017.6%4.7%13.8%23.5%13.8%-0.1%5.4%300.2K-2.7M-8.4K0.1792.61N/AN/A72127,418665
2025-01-07$18.80$18.0021.2%4.8%13.4%34.0%16.8%-5.5%2.5%319.7K-2.9M-8.9K0.11110.99N/AN/A3647,422670
2025-01-08$18.67$18.0018.7%4.9%13.7%26.6%16.7%-1.8%0.2%277.5K-2.4M-8.0K0.4794.00N/AN/A49237,433672
2025-01-10$19.20$18.0018.0%4.7%16.2%24.5%18.2%-0.2%5.4%372.4K-3.6M-8.6K0.19101.30N/AN/A268507,391691
2025-01-13$19.48$18.0017.8%4.6%16.8%23.8%15.5%1.3%4.5%412.7K-4.1M-7.5K0.0190.97N/AN/A75357,277735
2025-01-14$19.44$18.0016.8%4.6%16.4%21.1%15.0%0.8%3.5%312.0K-4.0M-7.0K0.0595.09N/AN/A532247,259737
2025-01-15$19.55$18.0016.6%4.8%16.2%20.5%15.4%2.4%1.2%418.8K-4.1M-7.5K0.2193.48N/AN/A151327,202756
2025-01-16$19.32$18.0017.0%4.9%17.1%21.6%16.5%-0.9%25.0%233.2K-3.5M-7.3K0.0594.81N/AN/A17197,216788
2025-01-17$19.62$18.0016.9%4.9%17.6%21.4%16.8%2.4%0.1%169.1K-3.9M-7.0K0.0892.22N/AN/A180147,206797
2025-01-21$19.85$18.0017.6%5.1%16.3%23.5%18.3%4.3%0.8%172.0K-3.3M-7.1K0.0392.43N/AN/A16152,677437
2025-01-22$19.71$18.0017.6%5.0%16.8%23.3%16.6%2.3%-7.0%168.1K-3.1M-7.2K0.0396.76N/AN/A482162,674442
2025-01-23$19.89$18.0014.1%4.0%16.8%13.1%19.6%-1.7%-6.7%176.0K-3.5M-8.2K0.03103.62N/AN/A25183,024458
2025-01-24$19.77$18.0017.8%5.1%17.2%24.0%17.4%3.6%0.5%182.4K-3.4M-8.0K0.7896.06N/AN/A36283,059464
2025-01-27$19.66$18.0018.3%5.3%17.5%25.5%16.9%-3.9%-0.9%177.7K-3.2M-8.2K0.0297.51N/AN/A16933,063463
2025-01-28$19.82$18.0011.8%3.4%17.3%6.5%12.0%5.7%9.0%182.9K-3.4M-8.1K0.02105.23N/AN/A5813,171466
2025-01-29$20.16$18.0017.3%5.0%17.9%22.6%16.2%-3.5%-3.3%199.8K-4.0M-7.5K0.06118.66N/AN/A352213,201467
2025-01-30$20.00$18.0015.6%4.5%18.3%17.4%19.1%-2.8%-1.2%213.4K-3.8M-9.0K0.06102.24N/AN/A775443,493488
2025-01-31$19.77$18.0018.5%5.3%18.8%26.1%16.1%-6.8%0.7%252.4K-3.7M-9.9K0.08105.66N/AN/A397314,095530