CXM Options History — April 2022

In April 2022, CXM traded between $11.44 and $14.42. ATM implied volatility averaged 81.9%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded above realized volatility by 2.3% (HV 20d: 79.6%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.45.

Notable Days

  • 2022-04-07: Highest Volume — 6,733 contracts
  • 2022-04-11: Largest IV spike — 69.1% change
  • 2022-04-05: Highest IV Rank — 70.4%
  • 2022-04-05: Largest Expected Move — 22.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.32$11.44$14.42$11.98$13.62
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV81.9%58.0%129.7%104.8%72.8%
Expected Move20.2%18.5%22.4%21.6%20.9%
HV 20d79.6%65.2%93.6%69.4%80.4%
HV 60d69.3%62.2%73.5%62.2%69.6%
IV Rank23.4%0.0%70.4%45.4%14.6%
IV Percentile42.3%0.0%97.7%93.8%35.8%
Term Structure-1.0%-29.2%6.5%-29.2%4.6%
VWIV69.8%65.2%77.1%74.7%70.4%
Skew 25d2.9%-2.7%8.8%0.4%-2.7%
Skew 10d3.2%-18.0%20.8%-9.0%-16.7%
Call IV 25d72.0%64.9%112.4%112.4%72.5%
Put IV 25d75.0%67.7%112.8%112.8%69.8%
Bid-Ask Spread %41.1515.2570.6062.6851.61
Gamma HHI0.470.290.780.670.41
Net GEX60.8K23.8K143.0K64.6K47.5K
Net DEX-1.7M-3.8M-472.7K-1.4M-1.4M
Net VEX-10.9K-15.5K-8.6K-9.8K-15.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.031.070.790.23
Total Volume1,699.11546,7338811,486
Total OI7,649.55,61710,5627,5857,589

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$11.98$15.00104.8%21.6%69.4%45.4%74.7%0.4%-29.2%64.6K-1.4M-9.8K0.7962.684923895,5262,059
2022-04-04$12.36$15.00118.6%21.4%66.1%59.2%74.7%8.8%-7.4%68.4K-1.8M-9.7K0.7060.796204355,5262,061
2022-04-05$11.81$15.00129.7%22.4%68.0%70.4%77.1%7.2%-11.2%65.6K-1.2M-9.1K0.8170.605134145,6902,109
2022-04-06$11.44$15.00129.7%22.1%65.2%70.3%75.7%8.2%-7.8%62.8K-826.0K-8.6K1.0767.299059725,7062,121
2022-04-07$13.78$15.0085.1%19.8%93.6%25.5%72.5%2.5%-1.8%107.8K-3.8M-10.1K0.1861.795,6861,0475,9732,661
2022-04-08$13.72$15.0058.0%19.8%88.0%0.0%67.9%5.2%1.1%143.0K-3.8M-11.2K0.1430.924,7856947,3753,065
2022-04-11$13.80$15.0098.1%19.6%84.6%39.6%67.9%1.0%-3.2%102.5K-2.8M-10.5K0.4124.851,4866166,2863,185
2022-04-12$13.84$15.0081.7%19.4%84.3%23.4%66.7%1.8%-1.7%110.6K-3.0M-9.9K0.4929.768634206,6673,219
2022-04-13$14.42$15.0065.8%18.9%81.0%7.7%66.0%3.7%0.0%137.3K-3.7M-10.1K0.2817.261,7264806,5753,224
2022-04-14$13.80$15.0064.6%18.5%83.2%6.5%65.5%2.7%6.5%25.1K-3.1M-10.7K0.7420.577585607,2913,271
2022-04-18$13.39$15.0068.4%19.6%84.1%10.3%67.8%2.5%2.1%23.8K-619.0K-10.3K0.3515.258733033,6981,919
2022-04-19$13.61$15.0067.1%19.2%81.6%9.0%65.2%3.6%3.3%28.1K-702.9K-10.6K0.4026.026482623,9771,971
2022-04-20$13.55$15.0066.7%19.1%80.4%8.6%66.5%2.9%4.5%28.4K-653.5K-10.2K0.3838.687912994,0331,990
2022-04-21$13.13$15.0066.5%19.1%81.1%8.4%67.8%-1.3%6.0%30.2K-709.1K-11.6K0.4947.055882914,4351,958
2022-04-22$13.06$15.0069.0%19.8%81.0%10.9%67.4%4.6%5.3%28.4K-472.7K-11.2K0.4143.225932414,2592,008
2022-04-25$13.66$15.0075.0%21.5%80.6%16.8%71.7%5.3%-1.3%32.4K-731.5K-11.9K0.5041.785772884,2082,059
2022-04-26$13.52$15.0072.1%20.7%80.8%13.9%69.5%2.9%3.8%31.4K-662.9K-11.6K0.3941.706622594,2132,048
2022-04-27$13.71$15.0072.9%20.9%79.0%14.7%69.5%-1.7%2.9%35.6K-877.4K-12.6K0.0326.1014954,4142,049
2022-04-28$14.17$15.0070.6%20.2%78.9%12.4%70.9%1.2%3.4%41.8K-1.2M-13.4K0.1845.061,5322744,5272,045
2022-04-29$13.62$15.0072.8%20.9%80.4%14.6%70.4%-2.7%4.6%47.5K-1.4M-15.5K0.2351.611,2112755,5362,053