CTRM Options History — November 2025

In November 2025, CTRM traded between $1.89 and $2.05. ATM implied volatility averaged 87.3%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 25.1%. IV traded above realized volatility by 56.0% (HV 20d: 31.3%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.21.

Notable Days

2025-11-11: Highest Volume — 2,000 contracts
2025-11-07: Largest IV spike — 63.2% change
2025-11-11: Highest IV Rank — 36.1%
2025-11-07: Largest Expected Move — 35.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.95	$1.89	$2.05	$1.97	$1.96
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	87.3%	63.0%	135.7%	77.9%	63.0%
Expected Move	25.1%	18.1%	35.8%	22.3%	18.1%
HV 20d	31.3%	19.2%	36.5%	19.3%	36.4%
HV 60d	31.3%	29.2%	32.4%	29.2%	31.7%
IV Rank	17.3%	7.9%	36.1%	13.7%	7.9%
IV Percentile	49.4%	17.5%	85.7%	38.9%	17.5%
Term Structure	16.4%	-19.2%	45.2%	30.4%	11.7%
VWIV	90.8%	63.2%	116.2%	97.8%	63.2%
Bid-Ask Spread %	106.94	69.32	140.06	91.25	78.48
Gamma HHI	0.79	0.66	0.91	0.68	0.91
Net GEX	1.9K	307	3.0K	307	3.0K
Net DEX	-60.8K	-117.0K	-6.7K	-6.7K	-67.6K
Net VEX	-361	-590	-66	-66	-425
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.00	1.77	0.00	0.00
Total Volume	125.053	0	2,000	3	80
Total OI	1,885.684	624	2,695	624	2,695

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$1.97	$2.50	77.9%	22.3%	19.3%	13.7%	0.0%	0.0%	30.4%	307	-6.7K	-66	0.00	91.25	N/A	N/A	3	0	583	41
2025-11-04	$1.96	$2.50	79.5%	22.8%	19.2%	14.3%	0.0%	0.0%	26.9%	324	-8.3K	-70	0.00	82.70	N/A	N/A	3	0	586	41
2025-11-05	$2.00	$2.50	91.8%	26.3%	20.8%	19.1%	0.0%	0.0%	45.2%	533	-20.1K	-162	0.00	69.32	N/A	N/A	2	0	589	41
2025-11-06	$1.90	$2.50	68.4%	32.6%	27.0%	10.0%	97.8%	0.0%	-1.7%	496	-18.4K	-150	0.00	112.86	N/A	N/A	7	0	590	41
2025-11-07	$1.92	$2.50	111.7%	35.8%	27.5%	26.8%	116.2%	0.0%	-16.1%	503	-18.5K	-151	0.67	123.48	N/A	N/A	15	10	592	41
2025-11-10	$1.95	$2.50	127.3%	31.2%	28.2%	32.8%	91.8%	0.0%	4.2%	585	-16.0K	-143	1.00	114.39	N/A	N/A	1	1	607	51
2025-11-11	$2.00	$2.50	135.7%	29.6%	29.8%	36.1%	0.0%	0.0%	9.2%	572	-19.3K	-161	0.00	123.39	N/A	N/A	2,000	0	606	51
2025-11-12	$2.05	$2.50	99.4%	28.5%	29.4%	22.0%	85.3%	0.0%	-2.7%	3.0K	-112.2K	-590	0.00	123.11	N/A	N/A	1	0	2,542	51
2025-11-13	$1.94	$2.50	86.6%	24.8%	34.7%	17.0%	0.0%	0.0%	24.6%	2.8K	-117.0K	-578	0.00	140.06	N/A	N/A	35	0	2,543	51
2025-11-14	$1.97	$2.50	87.6%	25.1%	35.1%	17.4%	0.0%	0.0%	38.0%	2.7K	-101.1K	-565	0.00	110.49	N/A	N/A	1	0	2,573	51
2025-11-17	$1.92	$2.50	85.3%	24.4%	36.1%	16.6%	0.0%	0.0%	29.7%	2.7K	-97.9K	-528	0.00	117.03	N/A	N/A	10	0	2,573	51
2025-11-18	$1.90	$2.50	91.8%	26.3%	36.1%	19.2%	0.0%	0.0%	38.9%	2.5K	-92.2K	-532	0.00	122.70	N/A	N/A	0	3	2,583	51
2025-11-19	$1.89	$2.50	81.5%	23.4%	35.9%	15.1%	63.2%	0.0%	16.3%	2.7K	-89.7K	-507	0.00	120.31	N/A	N/A	3	0	2,583	54
2025-11-20	$1.89	$2.50	82.9%	23.8%	35.6%	15.7%	0.0%	0.0%	37.8%	2.3K	-82.5K	-502	0.00	111.16	N/A	N/A	1	0	2,586	54
2025-11-21	$1.90	$2.50	72.2%	20.7%	35.1%	11.5%	0.0%	0.0%	-19.2%	2.5K	-56.5K	-405	1.77	121.86	N/A	N/A	13	23	2,585	44
2025-11-24	$1.93	$2.50	69.7%	20.0%	35.8%	10.6%	0.0%	0.0%	13.4%	2.6K	-76.8K	-450	0.00	86.46	N/A	N/A	0	0	2,543	23
2025-11-25	$1.95	$2.50	72.1%	20.7%	36.2%	11.5%	0.0%	0.0%	13.1%	2.7K	-78.2K	-435	0.00	89.37	N/A	N/A	0	3	2,543	21
2025-11-26	$1.97	$2.50	74.4%	21.3%	36.5%	12.4%	0.0%	0.0%	12.7%	2.7K	-75.7K	-441	0.00	93.42	N/A	N/A	161	0	2,543	25
2025-11-28	$1.96	$2.50	63.0%	18.1%	36.4%	7.9%	0.0%	0.0%	11.7%	3.0K	-67.6K	-425	0.00	78.48	N/A	N/A	80	0	2,670	25