CXM Options History — May 2022

In May 2022, CXM traded between $10.69 and $14.19. ATM implied volatility averaged 85.0%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded above realized volatility by 19.9% (HV 20d: 65.1%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2022-05-17: Highest Volume — 4,105 contracts
  • 2022-05-09: Largest IV spike — 14.9% change
  • 2022-05-31: Highest IV Rank — 36.3%
  • 2022-05-31: Largest Expected Move — 27.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.99$10.69$14.19$13.89$12.81
Max Pain$12.86$12.50$15.00$15.00$12.50
ATM IV85.0%73.2%94.8%76.5%94.8%
Expected Move24.4%21.0%27.2%21.9%27.2%
HV 20d65.1%49.0%82.4%80.5%76.3%
HV 60d71.1%68.7%75.5%68.8%74.6%
IV Rank26.7%15.0%36.3%18.3%36.3%
IV Percentile69.2%37.1%85.8%49.0%85.8%
Term Structure-8.7%-15.9%5.8%-2.9%-15.3%
VWIV84.1%72.4%97.5%80.4%92.3%
Skew 25d6.0%-5.9%19.4%-0.3%10.2%
Skew 10d18.2%-24.7%106.0%-13.6%16.4%
Call IV 25d83.4%74.1%91.8%83.2%91.8%
Put IV 25d89.4%71.6%106.7%82.9%102.0%
Bid-Ask Spread %66.4533.5884.1856.8255.30
Gamma HHI0.420.260.690.440.26
Net GEX17.8K-51.3K58.0K52.4K40.5K
Net DEX-406.4K-1.8M632.5K-1.6M-1.2M
Net VEX-11.3K-17.2K-7.5K-16.9K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.111.240.280.25
Total Volume2,153.7628684,1051,2931,133
Total OI7,319.814,2658,9717,9005,804

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$13.89$15.0076.5%21.9%80.5%18.3%80.4%-0.3%-2.9%52.4K-1.6M-16.9K0.2856.821,0092845,8352,065
2022-05-03$13.52$15.0075.4%21.6%80.9%17.2%74.1%-5.8%2.2%49.1K-1.5M-16.3K0.2833.581,0062845,8482,064
2022-05-04$14.19$15.0073.2%21.0%80.0%15.0%72.4%-5.9%5.8%58.0K-1.8M-17.2K0.2553.041,0762745,8482,048
2022-05-05$13.38$12.5073.8%21.7%82.4%15.6%94.1%4.5%-3.0%47.5K-1.2M-15.5K0.2562.861,0672685,7952,051
2022-05-06$13.11$12.5075.4%22.4%49.0%17.2%97.5%3.8%-5.0%43.8K-1.0M-15.0K0.2370.051,0722475,7942,047
2022-05-09$12.44$12.5086.7%23.9%52.1%28.3%79.2%5.6%-6.8%34.0K-617.9K-13.5K0.2671.809932545,7992,037
2022-05-10$12.05$12.5082.4%23.3%52.8%24.1%75.3%0.6%-8.9%29.7K-420.3K-12.9K0.1979.711,3992695,7772,041
2022-05-11$11.00$12.5086.1%24.7%60.5%27.8%73.8%-3.3%-10.4%16.0K131.4K-10.2K0.1578.401,8082775,6102,031
2022-05-12$10.76$12.5088.2%25.3%57.3%29.8%82.7%6.7%-6.6%14.3K193.1K-9.6K1.2483.241,8242,2635,6361,932
2022-05-13$11.27$12.5085.9%24.6%60.0%27.5%94.9%12.7%-13.3%-23.4K546.6K-9.7K1.2484.181,8182,2475,1003,854
2022-05-16$11.18$12.5084.8%24.3%59.6%26.5%89.0%9.2%-10.6%-30.9K509.0K-8.9K1.2076.341,8512,2155,0933,828
2022-05-17$11.35$12.5082.4%23.6%59.5%24.1%88.5%9.5%-14.1%-22.3K422.0K-8.7K1.2182.781,8552,2505,1303,834
2022-05-18$10.78$12.5086.7%24.8%61.3%28.3%76.4%-3.1%-12.4%-51.3K632.5K-8.4K1.2068.341,8432,2195,1343,810
2022-05-19$11.22$12.5090.8%26.0%63.4%32.4%86.2%5.7%-8.7%11.4K210.1K-8.3K1.2254.941,8452,2565,1093,806
2022-05-20$11.14$12.5089.7%25.7%63.4%31.3%87.9%10.8%-9.7%10.7K270.7K-8.3K0.2354.941,4183295,1243,847
2022-05-23$11.19$12.5089.0%25.5%60.5%30.6%87.5%10.9%-7.5%10.1K-130.3K-8.1K0.2761.998722333,2121,053
2022-05-24$10.69$12.5094.6%27.1%61.8%36.2%88.4%19.4%-15.9%11.1K-87.8K-7.5K0.2366.077811833,5371,104
2022-05-25$10.99$12.5093.5%26.8%62.8%35.0%83.1%13.0%-14.0%14.1K-215.5K-8.2K0.2858.876781903,6981,105
2022-05-26$11.78$12.5089.3%25.6%67.3%30.9%89.3%7.9%-14.9%19.6K-426.2K-9.3K0.1168.361,7792043,8031,162
2022-05-27$13.02$12.5086.6%24.8%76.6%28.2%72.8%14.4%-10.4%38.7K-1.2M-11.6K0.2073.821,1332234,1481,163
2022-05-31$12.81$12.5094.8%27.2%76.3%36.3%92.3%10.2%-15.3%40.5K-1.2M-12.3K0.2555.309082254,6201,184