CXM Options History — December 2021

In December 2021, CXM traded between $12.40 and $16.01. ATM implied volatility averaged 90.6%. The 30-day expected move averaged 23.7%. IV traded above realized volatility by 14.4% (HV 20d: 76.2%). 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 3 of 22 days. Put/call ratio averaged 1.14.

Notable Days

  • 2021-12-10: Highest Volume — 8,023 contracts
  • 2021-12-10: Largest IV drop — 30.3% change
  • 2021-12-03: Largest Expected Move — 32.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.67$12.40$16.01$13.06$15.96
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV90.6%68.0%133.8%104.5%69.6%
Expected Move23.7%19.5%32.7%30.0%20.0%
HV 20d76.2%60.8%84.7%64.7%71.0%
HV 60d64.5%59.0%66.9%59.5%65.4%
Term Structure-5.1%-25.5%10.6%-25.5%-1.4%
VWIV81.7%68.7%105.1%98.3%68.7%
Skew 25d5.7%1.2%20.4%17.6%3.1%
Skew 10d14.1%3.9%37.3%31.2%4.4%
Call IV 25d81.6%67.6%110.5%96.7%67.7%
Put IV 25d87.2%70.7%124.1%114.4%70.7%
Bid-Ask Spread %52.7523.1177.5760.6740.60
Gamma HHI0.460.260.710.280.39
Net GEX143.1K5.0K222.1K5.0K221.0K
Net DEX-3.3M-6.4M1.5M1.5M-6.0M
Net VEX-20.9K-27.3K-10.7K-10.7K-24.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.472.171.331.28
Total Volume2,517.3181,4178,0231,5831,504
Total OI12,997.4557,89216,9457,89214,342

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-12-01$13.06$15.00104.5%30.0%64.7%0.0%98.3%17.6%-25.5%5.0K1.5M-10.7K1.3360.676789054,9092,983
2021-12-02$13.45$15.00108.1%31.0%60.8%0.0%97.8%20.4%-21.3%8.5K1.1M-11.4K0.7173.591,2298784,9942,908
2021-12-03$13.13$15.00114.1%32.7%60.9%0.0%105.1%13.6%-18.5%16.7K736.1K-12.6K0.5172.911,8249385,6072,926
2021-12-06$12.40$15.00107.2%26.4%62.3%0.0%88.7%1.5%-12.3%27.9K809.4K-12.3K0.5277.572,1101,0886,9892,929
2021-12-07$13.61$15.00118.3%26.6%67.6%0.0%90.1%1.2%-1.9%69.8K-1.2M-17.8K0.4759.942,3501,0968,4173,137
2021-12-08$14.01$15.00124.4%25.8%68.8%0.0%88.9%2.2%-4.9%99.0K-2.5M-20.7K0.6153.421,9801,2149,5643,148
2021-12-09$13.59$15.00133.8%26.7%68.3%0.0%93.6%5.7%-10.1%86.8K-1.8M-19.6K1.0058.681,1861,1819,6613,279
2021-12-10$15.03$15.0093.2%23.0%79.1%0.0%81.9%3.5%-2.0%138.5K-3.6M-21.1K0.5958.085,0332,9909,7233,656
2021-12-13$15.78$15.00104.1%23.4%81.3%0.0%82.3%5.6%-1.8%191.0K-6.4M-27.3K1.2854.631,4821,90012,3594,172
2021-12-14$14.97$15.00101.2%22.9%82.9%0.0%79.3%6.2%-2.6%197.6K-4.2M-24.7K1.4054.641,1041,54112,3334,165
2021-12-15$14.99$15.0080.3%23.0%83.0%0.0%79.0%3.1%-9.4%205.0K-4.5M-25.5K1.5955.828841,40512,3844,376
2021-12-16$14.35$15.0077.6%22.3%83.9%0.0%78.2%4.0%0.1%207.5K-2.4M-22.7K1.1751.081,1021,28712,4864,378
2021-12-17$14.66$15.0078.3%22.4%84.4%0.0%77.0%5.9%-1.6%141.8K-2.6M-23.0K2.1753.808261,78912,6674,278
2021-12-20$14.08$15.0079.5%22.8%84.7%0.0%81.5%2.8%-0.8%129.8K-2.8M-20.9K1.0634.449019559,7892,411
2021-12-21$14.85$15.0075.6%21.7%84.1%0.0%76.1%5.1%-0.8%163.8K-4.1M-22.8K1.1450.9969679110,0542,426
2021-12-22$15.40$15.0074.3%21.3%83.7%0.0%75.0%4.0%0.2%181.0K-5.1M-23.7K1.3556.9860481310,1622,419
2021-12-23$16.01$15.0068.0%19.5%84.5%0.0%68.8%8.6%10.6%193.3K-6.4M-24.6K0.8561.0898383910,2112,406
2021-12-27$16.01$15.0070.7%20.3%84.5%0.0%73.6%2.5%-1.4%222.1K-6.4M-23.2K1.4023.1165291510,4292,404
2021-12-28$15.84$15.0070.6%20.2%84.5%0.0%71.3%3.5%-1.7%215.8K-6.0M-22.9K1.5338.347381,12910,4642,545
2021-12-29$15.76$15.0070.4%20.2%79.8%0.0%71.2%1.8%-2.8%209.2K-5.6M-23.2K1.9035.587361,40210,4532,895
2021-12-30$15.84$15.0069.3%19.9%71.4%0.0%70.0%2.8%-1.8%217.9K-5.8M-24.2K1.2334.6477195210,6663,440
2021-12-31$15.96$15.0069.6%20.0%71.0%0.0%68.7%3.1%-1.4%221.0K-6.0M-24.2K1.2840.6066184310,7933,549