CXM Options History — February 2023

In February 2023, CXM traded between $10.42 and $11.11. ATM implied volatility averaged 58.7%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded above realized volatility by 26.1% (HV 20d: 32.6%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 3.99.

Notable Days

2023-02-02: Highest Volume — 3,772 contracts
2023-02-16: Largest IV spike — 71.5% change
2023-02-16: Highest IV Rank — 63.7%
2023-02-16: Largest Expected Move — 29.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.79	$10.42	$11.11	$10.42	$10.86
Max Pain	$9.87	$7.50	$10.00	$7.50	$10.00
ATM IV	58.7%	43.0%	103.0%	50.1%	59.8%
Expected Move	16.9%	12.3%	29.5%	14.4%	17.1%
HV 20d	32.6%	27.6%	35.1%	34.8%	27.7%
HV 60d	37.3%	34.6%	42.1%	42.1%	34.8%
IV Rank	17.4%	1.1%	63.7%	8.5%	18.6%
IV Percentile	16.9%	0.4%	96.4%	3.6%	20.2%
Term Structure	2.1%	-8.3%	23.5%	-0.9%	-8.3%
VWIV	53.9%	30.6%	66.2%	49.9%	30.6%
Skew 25d	11.8%	-2.2%	61.8%	22.3%	18.1%
Skew 10d	45.1%	-34.0%	218.9%	50.3%	30.6%
Call IV 25d	51.5%	35.3%	63.6%	35.7%	36.3%
Put IV 25d	63.3%	50.3%	113.3%	58.0%	54.5%
Bid-Ask Spread %	69.77	45.59	100.12	63.36	63.09
Gamma HHI	0.69	0.50	0.92	0.65	0.88
Net GEX	97.3K	55.9K	123.9K	57.7K	83.3K
Net DEX	-2.4M	-3.8M	-1.3M	-1.7M	-1.3M
Net VEX	-8.1K	-9.6K	-5.1K	-5.1K	-7.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.99	0.00	46.50	0.06	8.50
Total Volume	354.842	4	3,772	551	57
Total OI	8,262.474	5,802	9,795	5,802	6,850

Daily Data (19 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
2023-02-01	$10.42	$7.50	50.1%	14.4%	34.8%	8.5%	49.9%	22.3%	-0.9%	57.7K	-1.7M	-5.1K	0.06	63.36	520	31	5,306	496
2023-02-02	$10.79	$10.00	58.0%	17.8%	35.1%	16.7%	57.6%	5.7%	-2.9%	55.9K	-2.1M	-6.0K	0.00	50.89	3,762	10	5,578	525
2023-02-03	$10.63	$10.00	55.0%	16.7%	34.8%	13.5%	56.6%	7.0%	-0.4%	115.4K	-2.8M	-9.6K	0.61	77.28	41	25	8,972	527
2023-02-06	$10.57	$10.00	58.6%	16.9%	33.9%	17.3%	57.2%	8.9%	-0.9%	118.1K	-2.7M	-9.0K	0.01	53.93	83	1	8,966	527
2023-02-07	$10.57	$10.00	58.3%	16.0%	34.3%	17.0%	57.5%	15.9%	-1.1%	118.0K	-2.7M	-8.8K	0.58	45.59	78	45	8,915	522
2023-02-08	$10.61	$10.00	56.0%	16.1%	34.3%	14.6%	55.3%	18.5%	-1.3%	120.7K	-2.7M	-8.7K	0.00	70.09	101	0	8,908	562
2023-02-09	$10.71	$10.00	68.5%	19.6%	33.5%	27.7%	66.2%	4.2%	-3.6%	113.0K	-3.0M	-9.0K	0.36	89.01	14	5	9,139	562
2023-02-10	$10.66	$10.00	56.6%	16.2%	33.4%	15.2%	52.9%	10.5%	-1.9%	123.9K	-2.8M	-8.7K	0.55	82.16	11	6	9,146	562
2023-02-13	$10.79	$10.00	56.1%	16.1%	33.3%	14.8%	55.6%	7.6%	0.2%	106.4K	-3.1M	-7.9K	11.00	69.85	1	11	9,157	562
2023-02-14	$11.00	$10.00	57.7%	16.5%	33.4%	16.4%	57.2%	2.5%	-0.3%	112.4K	-3.4M	-8.6K	0.00	73.78	46	0	9,158	565
2023-02-15	$11.00	$10.00	60.1%	17.2%	32.2%	18.9%	58.7%	2.4%	-2.0%	105.7K	-3.4M	-8.5K	0.00	82.22	151	0	9,221	565
2023-02-16	$11.11	$10.00	103.0%	29.5%	32.2%	63.7%	61.9%	61.8%	9.9%	70.9K	-3.8M	-8.7K	0.00	100.12	269	0	9,072	565
2023-02-17	$10.80	$10.00	50.3%	14.4%	34.7%	8.7%	46.2%	7.1%	3.7%	88.4K	-3.0M	-7.4K	0.00	58.65	601	0	9,230	565
2023-02-21	$10.80	$10.00	54.2%	15.5%	34.6%	12.8%	54.1%	1.2%	2.2%	91.4K	-1.5M	-7.3K	1.23	78.17	92	113	5,690	416
2023-02-22	$10.79	$10.00	54.5%	15.6%	29.9%	13.1%	55.0%	3.6%	12.0%	90.3K	-1.5M	-7.4K	46.50	70.38	4	186	5,772	525
2023-02-23	$11.02	$10.00	54.1%	15.5%	29.7%	12.7%	46.1%	7.6%	5.0%	99.5K	-1.7M	-8.4K	3.08	48.87	83	256	5,725	708
2023-02-24	$10.93	$10.00	43.0%	12.3%	29.9%	1.1%	50.8%	-2.2%	23.5%	83.2K	-1.3M	-8.1K	0.33	65.97	3	1	5,797	915
2023-02-27	$10.96	$10.00	60.5%	17.3%	27.6%	19.3%	30.6%	20.8%	6.2%	93.7K	-1.5M	-8.5K	3.09	82.21	33	102	5,800	916
2023-02-28	$10.86	$10.00	59.8%	17.1%	27.7%	18.6%	0.0%	18.1%	-8.3%	83.3K	-1.3M	-7.9K	8.50	63.09	6	51	5,832	1,018