CXM Options History — March 2022

In March 2022, CXM traded between $10.70 and $12.71. ATM implied volatility averaged 93.4%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded above realized volatility by 26.8% (HV 20d: 66.5%). Max pain ranged from $10.00 to $17.50. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.56.

Notable Days

  • 2022-03-22: Highest Volume — 2,144 contracts
  • 2022-03-07: Largest IV spike — 56.5% change
  • 2022-03-31: Highest IV Rank — 44.9%
  • 2022-03-07: Largest Expected Move — 39.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.81$10.70$12.71$12.09$11.87
Max Pain$14.24$10.00$17.50$12.50$15.00
ATM IV93.4%81.6%137.9%83.0%104.3%
Expected Move24.4%20.3%39.5%23.8%21.4%
HV 20d66.5%56.4%74.1%56.4%72.1%
HV 60d61.1%57.7%63.2%62.5%62.9%
IV Rank41.3%38.6%44.9%40.5%44.9%
IV Percentile90.5%87.4%93.0%91.3%93.0%
Term Structure-13.7%-29.2%-2.1%-4.6%-29.2%
VWIV81.1%62.7%106.9%90.3%74.9%
Skew 25d8.9%1.4%14.1%10.7%6.7%
Skew 10d34.3%-13.6%175.0%17.1%-13.6%
Call IV 25d89.4%74.2%107.7%76.8%107.7%
Put IV 25d98.2%84.9%114.4%87.5%114.4%
Bid-Ask Spread %68.1447.1591.1766.2262.20
Gamma HHI0.520.250.780.300.68
Net GEX32.2K-4.5K65.8K-4.5K63.4K
Net DEX-611.8K-1.7M301.3K189.1K-1.2M
Net VEX-9.1K-10.4K-7.5K-8.2K-9.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.141.220.400.76
Total Volume1,317.5657572,1449321,073
Total OI6,918.9135,2898,2605,2897,393

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$12.09$12.5083.0%23.8%56.4%0.0%90.3%10.7%-4.6%-4.5K189.1K-8.2K0.4066.226672652,5532,736
2022-03-02$12.71$12.5082.8%23.7%58.0%0.0%85.4%10.7%-6.4%-524-175.0K-9.0K0.1891.171,4122612,6002,730
2022-03-03$12.53$12.5081.6%23.4%57.0%0.0%89.5%10.6%-6.6%16.3K-287.6K-9.3K0.1686.481,6182613,5912,734
2022-03-04$11.85$12.5088.1%25.3%57.5%0.0%88.3%1.7%-7.6%6.9K64.1K-8.7K0.1688.491,6122603,6082,734
2022-03-07$11.14$12.50137.9%39.5%60.8%0.0%82.4%10.7%-7.1%184301.3K-8.2K0.1488.031,8072623,6202,716
2022-03-08$11.43$12.5084.6%34.2%61.4%0.0%79.3%14.1%-4.8%2.4K254.6K-8.3K0.1790.031,5932773,8062,716
2022-03-09$12.15$12.5090.7%29.8%64.7%0.0%106.9%9.5%-8.7%15.1K-271.6K-9.1K0.2072.231,4502943,8272,694
2022-03-10$12.27$10.0086.6%28.7%63.7%0.0%96.4%11.7%-2.1%35.5K-939.9K-10.4K0.1968.251,4712834,8442,683
2022-03-11$11.32$10.0093.7%28.5%70.2%0.0%98.2%10.1%-10.0%14.6K-272.6K-9.3K0.6173.534712864,8442,684
2022-03-14$10.70$17.5098.5%24.7%71.1%0.0%86.3%11.3%-12.5%15.5K-58.0K-7.5K0.7455.795123784,8762,687
2022-03-15$11.06$17.5098.1%24.0%64.5%0.0%83.1%12.7%-15.1%6.7K-75.2K-7.9K0.3961.811,0674154,9312,600
2022-03-16$11.99$17.5096.2%21.3%68.0%0.0%74.4%11.0%-22.3%52.3K-1.1M-9.2K0.6978.015804035,4472,587
2022-03-17$12.06$17.5088.4%20.9%68.1%0.0%79.4%7.5%-15.1%56.6K-1.1M-9.2K0.9758.515585435,4222,607
2022-03-18$11.96$15.0087.0%20.3%66.3%0.0%71.3%8.2%-15.3%32.5K-790.7K-9.0K0.7157.135593995,4832,777
2022-03-21$11.38$15.0090.2%21.0%68.5%0.0%62.7%7.0%-16.1%31.6K-441.2K-8.1K0.6666.326224103,8331,653
2022-03-22$11.93$15.0089.4%22.0%70.5%0.0%73.6%7.6%-12.6%36.1K-759.9K-9.0K0.2947.151,6674774,0421,744
2022-03-23$11.73$15.0090.6%21.9%70.5%0.0%73.6%4.6%-14.0%57.3K-1.1M-10.3K0.8069.265994775,2531,812
2022-03-24$11.99$15.0089.2%21.4%70.7%0.0%72.1%9.6%-15.7%61.8K-1.3M-10.4K0.8161.575894775,2461,812
2022-03-25$11.54$15.0089.4%21.0%72.1%0.0%73.2%8.2%-16.3%56.0K-954.1K-9.6K1.0862.165355785,3201,856
2022-03-28$11.67$15.0099.3%21.5%71.8%0.0%74.2%10.0%-23.0%56.9K-1.0M-9.6K1.2259.574735795,3501,991
2022-03-29$12.31$15.00100.0%21.2%74.1%40.5%74.6%8.2%-25.5%61.7K-1.7M-10.4K0.7948.465104055,3561,994
2022-03-30$12.05$15.0098.0%21.0%72.1%38.6%74.3%1.4%-24.9%65.8K-1.4M-10.0K0.8254.864783915,3451,998
2022-03-31$11.87$15.00104.3%21.4%72.1%44.9%74.9%6.7%-29.2%63.4K-1.2M-9.6K0.7662.206084655,3941,999