CTRM Options History — December 2025

In December 2025, CTRM traded between $1.92 and $2.42. ATM implied volatility averaged 92.4%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 26.0%. IV traded above realized volatility by 35.3% (HV 20d: 57.1%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.98.

Notable Days

2025-12-15: Highest Volume — 2,648 contracts
2025-12-09: Largest IV spike — 179.6% change
2025-12-09: Highest IV Rank — 41.5%
2025-12-26: Largest Expected Move — 32.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.21	$1.92	$2.42	$1.94	$2.08
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	92.4%	53.3%	149.1%	66.6%	93.3%
Expected Move	26.0%	16.2%	32.2%	19.1%	26.8%
HV 20d	57.1%	35.4%	71.1%	36.2%	71.0%
HV 60d	40.8%	30.6%	46.6%	31.2%	46.6%
IV Rank	19.4%	4.2%	41.5%	9.3%	19.8%
IV Percentile	61.7%	7.5%	91.7%	22.6%	70.2%
Term Structure	25.0%	-11.1%	95.2%	17.5%	95.2%
VWIV	79.8%	52.1%	164.6%	164.6%	65.3%
Bid-Ask Spread %	87.74	45.52	123.01	90.84	98.11
Gamma HHI	0.93	0.77	0.98	0.94	0.98
Net GEX	16.0K	3.5K	35.3K	3.5K	21.8K
Net DEX	-363.1K	-728.0K	-92.7K	-92.7K	-323.3K
Net VEX	-1.3K	-1.9K	-461	-461	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.00	20.00	0.00	0.00
Total Volume	432.136	2	2,648	705	4
Total OI	6,367.318	2,775	10,122	2,775	9,759

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-12-01	$1.94	$2.50	66.6%	19.1%	36.2%	9.3%	164.6%	0.0%	17.5%	3.5K	-92.7K	-461	0.00	90.84	N/A	N/A	705	0	2,750	25
2025-12-02	$1.92	$2.50	83.9%	24.0%	35.4%	16.1%	0.0%	0.0%	33.8%	3.7K	-121.5K	-647	0.00	93.32	N/A	N/A	91	0	3,453	25
2025-12-03	$2.09	$2.50	56.6%	16.2%	46.7%	5.4%	64.2%	0.0%	17.9%	4.7K	-145.4K	-751	0.06	75.38	N/A	N/A	103	6	3,544	25
2025-12-04	$2.01	$2.50	93.8%	23.0%	48.5%	20.0%	0.0%	0.0%	16.3%	4.1K	-127.4K	-729	1.00	123.01	N/A	N/A	1	1	3,609	29
2025-12-05	$2.19	$2.50	102.8%	31.3%	53.4%	23.4%	101.5%	0.0%	-0.8%	4.8K	-193.3K	-894	0.00	98.08	N/A	N/A	929	0	3,610	29
2025-12-08	$2.27	$2.50	53.3%	19.1%	54.3%	4.2%	0.0%	0.0%	-10.8%	9.7K	-312.8K	-1.1K	0.07	45.52	N/A	N/A	45	3	4,527	29
2025-12-09	$2.41	$2.50	149.1%	29.7%	57.3%	41.5%	90.6%	0.0%	-3.4%	10.6K	-334.7K	-1.1K	0.13	79.38	N/A	N/A	31	4	4,544	28
2025-12-10	$2.42	$2.50	100.9%	28.9%	57.1%	22.7%	58.7%	0.0%	25.6%	12.9K	-325.5K	-1.1K	0.00	100.70	N/A	N/A	290	0	4,565	28
2025-12-11	$2.29	$2.50	94.3%	27.0%	61.2%	20.1%	79.4%	0.0%	-5.3%	10.2K	-301.1K	-1.1K	0.00	82.93	N/A	N/A	271	0	4,760	28
2025-12-12	$2.26	$2.50	73.0%	20.9%	57.3%	11.8%	66.1%	0.0%	7.8%	12.1K	-293.5K	-1.1K	0.00	82.92	N/A	N/A	6	0	4,898	28
2025-12-15	$2.23	$2.50	92.0%	26.4%	57.7%	19.2%	72.8%	0.0%	-11.1%	9.6K	-225.9K	-907	0.00	90.77	N/A	N/A	2,648	0	4,898	28
2025-12-16	$2.15	$2.50	70.3%	20.2%	58.6%	10.8%	85.3%	0.0%	3.1%	15.6K	-400.7K	-1.5K	0.00	90.31	N/A	N/A	55	0	7,545	28
2025-12-17	$2.19	$2.50	91.3%	26.2%	58.5%	19.0%	73.2%	0.0%	6.2%	17.9K	-370.4K	-1.5K	0.00	80.17	N/A	N/A	310	0	7,600	28
2025-12-18	$2.19	$2.50	97.8%	28.0%	58.4%	21.5%	81.9%	0.0%	0.0%	18.5K	-452.9K	-1.7K	0.00	85.12	N/A	N/A	119	0	7,914	28
2025-12-19	$2.25	$2.50	92.5%	26.5%	58.7%	19.4%	64.5%	0.0%	46.5%	24.1K	-451.9K	-1.7K	0.01	87.55	N/A	N/A	86	1	8,032	28
2025-12-22	$2.39	$2.50	103.5%	29.7%	61.5%	23.7%	67.4%	0.0%	36.7%	29.3K	-640.7K	-1.8K	0.00	78.12	N/A	N/A	710	0	7,877	27
2025-12-23	$2.41	$2.50	104.4%	29.9%	61.4%	24.1%	64.9%	0.0%	55.3%	35.3K	-728.0K	-1.9K	20.00	106.39	N/A	N/A	1	20	8,559	27
2025-12-24	$2.41	$2.50	110.4%	31.6%	61.6%	26.4%	96.6%	0.0%	18.8%	26.7K	-673.3K	-1.8K	0.28	73.16	N/A	N/A	72	20	8,558	47
2025-12-26	$2.34	$2.50	112.2%	32.2%	63.2%	27.1%	88.0%	0.0%	46.0%	27.3K	-555.5K	-1.7K	0.00	84.90	N/A	N/A	1,449	0	8,607	67
2025-12-29	$2.20	$2.50	91.8%	26.3%	67.8%	19.2%	52.1%	0.0%	77.3%	27.9K	-545.5K	-1.7K	0.06	68.36	N/A	N/A	1,414	81	10,055	67
2025-12-30	$2.08	$2.50	99.1%	28.4%	71.1%	22.0%	65.3%	0.0%	53.2%	21.5K	-371.2K	-1.3K	0.00	115.31	N/A	N/A	31	0	9,620	148
2025-12-31	$2.08	$2.50	93.3%	26.8%	71.0%	19.8%	0.0%	0.0%	95.2%	21.8K	-323.3K	-1.2K	0.00	98.11	N/A	N/A	4	0	9,611	148