CXM Options History — January 2023

In January 2023, CXM traded between $7.79 and $10.04. ATM implied volatility averaged 53.2%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 17.8% (HV 20d: 35.5%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.36.

Notable Days

2023-01-24: Highest Volume — 524 contracts
2023-01-23: Largest IV spike — 41.2% change
2023-01-23: Highest IV Rank — 21.3%
2023-01-23: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.71	$7.79	$10.04	$8.07	$9.91
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	53.2%	44.2%	62.4%	55.9%	48.0%
Expected Move	15.4%	12.7%	17.9%	16.0%	13.8%
HV 20d	35.5%	31.3%	39.7%	39.7%	32.1%
HV 60d	43.8%	41.3%	47.2%	47.2%	41.3%
IV Rank	11.8%	2.3%	21.3%	14.5%	6.3%
IV Percentile	4.8%	0.4%	15.9%	4.8%	2.0%
Term Structure	6.0%	-0.9%	59.8%	4.6%	2.3%
VWIV	50.1%	33.7%	59.7%	58.2%	48.1%
Skew 25d	11.4%	-11.3%	83.5%	5.6%	25.1%
Skew 10d	28.2%	-18.8%	219.8%	7.2%	39.9%
Call IV 25d	49.2%	36.7%	58.0%	50.3%	41.7%
Put IV 25d	60.6%	34.9%	126.5%	55.9%	66.8%
Bid-Ask Spread %	44.30	12.57	70.34	64.91	70.34
Gamma HHI	0.64	0.49	0.77	0.54	0.72
Net GEX	27.5K	14.5K	55.1K	17.4K	55.1K
Net DEX	-569.7K	-1.2M	-187.2K	-309.3K	-1.1M
Net VEX	-2.9K	-4.9K	-1.6K	-2.0K	-4.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.36	0.00	4.00	0.00	0.11
Total Volume	120.25	1	524	11	247
Total OI	4,991.25	4,633	5,635	4,633	5,635

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-01-03	$8.07	$7.50	55.9%	16.0%	39.7%	14.5%	58.2%	5.6%	4.6%	17.4K	-309.3K	-2.0K	0.00	64.91	0	11	4,299	334
2023-01-04	$8.05	$7.50	57.7%	16.6%	37.1%	16.4%	0.0%	5.5%	-0.9%	17.2K	-284.7K	-1.9K	0.00	65.45	1	0	4,299	344
2023-01-05	$7.91	$7.50	58.6%	16.3%	37.5%	17.4%	55.5%	-0.4%	4.5%	15.6K	-224.5K	-1.8K	0.00	29.29	1	0	4,300	344
2023-01-06	$7.79	$7.50	54.9%	16.2%	37.5%	13.5%	33.7%	17.2%	6.8%	14.5K	-187.2K	-1.6K	0.00	42.01	8	0	4,300	344
2023-01-09	$7.92	$7.50	59.1%	16.3%	35.6%	17.9%	58.3%	-1.7%	4.1%	15.4K	-229.1K	-1.7K	0.30	45.26	240	72	4,302	344
2023-01-10	$8.11	$7.50	48.3%	16.5%	36.9%	6.6%	55.6%	60.5%	5.9%	18.6K	-368.5K	-2.3K	0.00	47.39	2	0	4,538	344
2023-01-11	$8.39	$7.50	58.7%	16.8%	38.2%	17.5%	0.0%	6.1%	2.4%	19.3K	-506.2K	-2.5K	0.01	25.72	88	1	4,539	344
2023-01-12	$8.34	$7.50	58.5%	16.8%	37.6%	17.3%	0.0%	6.3%	5.4%	19.9K	-480.0K	-2.4K	0.00	51.41	99	0	4,598	345
2023-01-13	$8.39	$7.50	56.1%	16.1%	37.4%	14.7%	0.0%	0.4%	5.2%	20.9K	-509.2K	-2.6K	0.00	31.10	0	3	4,697	345
2023-01-17	$8.50	$7.50	57.4%	16.4%	37.4%	16.0%	0.0%	2.7%	2.9%	21.7K	-535.5K	-2.5K	0.33	32.12	3	1	4,697	348
2023-01-18	$8.38	$7.50	55.2%	15.8%	37.6%	13.8%	53.7%	0.2%	6.2%	19.8K	-501.2K	-2.4K	0.00	55.07	7	0	4,700	349
2023-01-19	$8.50	$7.50	54.6%	15.6%	31.3%	13.1%	56.0%	16.6%	59.8%	20.9K	-508.7K	-2.4K	4.00	42.55	5	20	4,702	350
2023-01-20	$8.77	$7.50	44.2%	12.7%	33.0%	2.3%	37.1%	-2.7%	-0.1%	24.0K	-602.9K	-2.7K	0.40	54.38	258	104	4,707	370
2023-01-23	$8.75	$7.50	62.4%	17.9%	32.5%	21.3%	59.7%	11.4%	-0.0%	23.6K	-408.2K	-3.0K	0.00	33.18	137	0	4,463	327
2023-01-24	$9.27	$7.50	45.4%	13.0%	36.6%	3.5%	45.4%	-11.3%	3.4%	35.2K	-576.8K	-3.5K	0.55	50.25	337	187	4,541	327
2023-01-25	$9.50	$7.50	46.9%	13.4%	34.2%	5.1%	46.9%	-7.1%	2.3%	41.3K	-772.7K	-4.0K	0.32	39.16	62	20	4,784	403
2023-01-26	$9.68	$7.50	49.1%	14.1%	32.2%	7.5%	49.1%	4.4%	1.0%	44.8K	-939.3K	-4.3K	0.29	12.57	108	31	4,835	423
2023-01-27	$10.04	$7.50	44.3%	12.7%	32.2%	2.5%	44.3%	83.5%	2.9%	52.6K	-1.1M	-4.5K	0.19	53.18	278	52	4,854	459
2023-01-30	$9.96	$7.50	49.4%	14.2%	32.6%	7.8%	49.4%	5.8%	1.2%	52.4K	-1.2M	-4.9K	0.00	40.53	22	0	5,112	479
2023-01-31	$9.91	$7.50	48.0%	13.8%	32.1%	6.3%	48.1%	25.1%	2.3%	55.1K	-1.1M	-4.8K	0.11	70.34	222	25	5,155	480