CXM Options History — September 2022

In September 2022, CXM traded between $9.00 and $13.36. ATM implied volatility averaged 71.4%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 7.2% (HV 20d: 64.2%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2022-09-16: Highest Volume — 2,459 contracts
  • 2022-09-09: Largest IV drop — 44.3% change
  • 2022-09-06: Highest IV Rank — 46.4%
  • 2022-09-02: Largest Expected Move — 25.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.55$9.00$13.36$11.26$9.27
Max Pain$11.79$10.00$12.50$12.50$10.00
ATM IV71.4%53.8%103.7%83.5%71.3%
Expected Move19.1%16.2%25.3%23.9%20.4%
HV 20d64.2%44.9%75.1%49.0%69.8%
HV 60d58.6%53.4%62.8%61.4%56.5%
IV Rank16.4%0.0%46.4%26.8%16.6%
IV Percentile27.3%0.0%93.6%69.7%32.5%
Term Structure-1.4%-13.8%8.1%-13.8%-4.8%
VWIV65.8%55.0%85.7%82.8%66.5%
Skew 25d8.6%-4.9%20.7%0.4%13.1%
Skew 10d21.4%-21.2%75.1%-18.5%22.3%
Call IV 25d64.4%50.7%85.8%85.8%66.8%
Put IV 25d73.0%55.2%88.5%86.2%80.0%
Bid-Ask Spread %53.3417.6077.2159.1951.64
Gamma HHI0.320.260.360.300.35
Net GEX35.2K16.1K95.3K35.6K20.0K
Net DEX-522.4K-2.3M119.2K-731.3K-45.2K
Net VEX-8.5K-14.0K-4.2K-11.4K-5.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.022.130.320.45
Total Volume688.095132,459417793
Total OI6,811.5246,3627,8856,6036,751

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$11.26$12.5083.5%23.9%49.0%26.8%82.8%0.4%-13.8%35.6K-731.3K-11.4K0.3259.193171005,4681,135
2022-09-02$11.25$12.5088.2%25.3%48.9%31.4%85.7%7.7%-13.6%36.4K-736.4K-11.0K0.6367.55855,4521,035
2022-09-06$11.27$12.50103.7%20.2%48.1%46.4%73.0%10.6%-4.3%37.1K-733.4K-10.5K0.6777.215633775,4551,031
2022-09-07$11.40$12.5099.2%19.9%47.5%42.0%70.7%6.2%-2.6%37.8K-773.8K-10.9K0.7069.945403795,4051,042
2022-09-08$11.55$12.5096.6%19.7%44.9%39.5%70.2%9.6%-2.7%40.0K-819.7K-10.9K0.4151.33112465,4251,044
2022-09-09$12.36$10.0053.8%16.2%51.5%0.0%56.9%6.7%3.9%60.6K-1.3M-12.4K0.3361.444461475,5891,180
2022-09-12$13.36$12.5061.7%16.9%58.5%7.5%58.6%11.1%1.6%80.7K-2.3M-14.0K0.0243.74773155,8441,182
2022-09-13$12.41$12.5065.8%16.8%64.2%11.4%59.6%6.5%1.9%95.3K-1.6M-13.5K0.2048.292,0504036,5441,174
2022-09-14$11.11$12.5062.3%17.8%75.1%8.0%61.8%9.2%8.1%43.2K-620.3K-10.2K0.1576.161,0371516,7471,138
2022-09-15$10.53$12.5063.7%18.3%74.4%9.4%55.0%15.8%0.4%31.6K-458.4K-9.1K1.8456.8431576,5951,100
2022-09-16$10.24$12.5064.5%18.5%74.4%10.2%62.7%-4.9%2.0%32.5K-328.2K-8.1K0.1551.552,1473126,6211,133
2022-09-19$10.12$12.5065.1%18.7%74.1%10.7%65.2%7.7%-0.7%26.9K-231.7K-6.9K0.1117.603745,588774
2022-09-20$9.97$12.5064.7%18.5%73.6%10.3%57.3%10.3%-2.5%25.2K-207.1K-6.7K0.2720.873395,602774
2022-09-21$9.91$12.5063.7%18.3%73.4%9.3%63.6%9.1%0.6%25.1K-209.8K-6.7K0.1440.8269105,595782
2022-09-22$9.69$12.5064.7%18.6%71.3%10.3%69.5%6.3%-0.2%21.3K-64.6K-5.8K2.1340.4215325,651791
2022-09-23$9.32$12.5062.3%17.9%70.2%8.1%69.1%-1.4%1.2%18.0K8.5K-5.4K0.0635.92204135,663821
2022-09-26$9.00$10.0067.5%19.4%68.8%13.0%68.8%10.0%-0.9%16.5K58.4K-4.7K0.4155.955842375,864815
2022-09-27$9.00$10.0066.8%19.1%68.0%12.3%68.0%8.0%-4.3%16.1K119.2K-4.2K0.4169.695842385,919810
2022-09-28$9.40$10.0063.9%18.3%71.0%9.5%55.0%20.7%1.9%20.4K-14.0K-5.2K0.4365.385542375,954798
2022-09-29$9.16$10.0066.9%19.2%70.9%12.4%61.4%18.2%-0.2%17.9K49.7K-4.6K0.4458.615442375,950801
2022-09-30$9.27$10.0071.3%20.4%69.8%16.6%66.5%13.1%-4.8%20.0K-45.2K-5.2K0.4551.645472465,950801