CXM Options History — April 2023

In April 2023, CXM traded between $11.93 and $13.16. ATM implied volatility averaged 42.3%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 18.1% (HV 20d: 60.4%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 16.24.

Notable Days

2023-04-27: Highest Volume — 702 contracts
2023-04-12: Largest IV spike — 53.2% change
2023-04-12: Highest IV Rank — 16.0%
2023-04-12: Largest Expected Move — 17.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.68	$11.93	$13.16	$12.91	$11.93
Max Pain	$11.84	$10.00	$12.50	$10.00	$12.50
ATM IV	42.3%	36.2%	62.1%	42.4%	36.2%
Expected Move	12.1%	10.4%	17.8%	12.2%	10.4%
HV 20d	60.4%	24.0%	67.7%	67.2%	24.0%
HV 60d	45.1%	43.6%	45.7%	45.5%	43.6%
IV Rank	4.3%	0.6%	16.0%	4.3%	0.6%
IV Percentile	4.4%	0.4%	33.7%	1.6%	0.4%
Term Structure	4.1%	-20.2%	26.8%	4.4%	5.0%
VWIV	44.0%	28.8%	101.3%	42.7%	36.1%
Skew 25d	7.0%	-6.2%	39.8%	39.8%	4.5%
Skew 10d	13.3%	-9.2%	99.9%	99.9%	8.5%
Call IV 25d	37.0%	25.8%	51.3%	49.7%	34.6%
Put IV 25d	44.0%	37.3%	89.4%	89.4%	39.1%
Bid-Ask Spread %	36.85	16.46	80.38	29.87	72.45
Gamma HHI	0.57	0.48	0.70	0.51	0.58
Net GEX	54.6K	27.4K	73.6K	70.2K	39.2K
Net DEX	-2.8M	-3.8M	-879.6K	-3.6M	-1.0M
Net VEX	-9.1K	-10.2K	-8.3K	-10.1K	-9.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	16.24	0.00	243.00	0.43	0.04
Total Volume	226.895	6	702	508	144
Total OI	8,070.211	6,074	9,013	8,206	6,412

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
2023-04-03	$12.91	$10.00	42.4%	12.2%	67.2%	4.3%	42.7%	39.8%	4.4%	70.2K	-3.6M	-10.1K	0.43	29.87	354	154	5,141	3,065
2023-04-04	$12.82	$10.00	41.5%	11.9%	67.4%	3.8%	39.7%	6.6%	1.6%	72.6K	-3.6M	-9.6K	0.65	17.13	276	180	5,132	3,071
2023-04-05	$12.70	$10.00	42.1%	12.1%	67.7%	4.2%	42.1%	4.1%	0.6%	67.5K	-3.3M	-10.2K	2.23	20.52	117	261	5,237	3,184
2023-04-06	$12.79	$10.00	39.0%	11.6%	66.2%	2.3%	36.7%	7.3%	4.3%	63.0K	-3.3M	-10.1K	0.73	37.57	215	157	5,209	3,368
2023-04-10	$12.91	$10.00	47.6%	12.8%	61.8%	7.4%	28.8%	9.9%	2.2%	61.5K	-3.5M	-9.7K	243.00	30.91	1	243	5,270	3,396
2023-04-11	$12.54	$12.50	40.5%	11.5%	63.4%	3.2%	40.2%	-2.5%	2.6%	59.3K	-2.8M	-9.9K	1.44	35.27	16	23	5,270	3,627
2023-04-12	$12.84	$12.50	62.1%	17.8%	61.9%	16.0%	62.1%	-4.0%	-20.2%	53.8K	-3.1M	-9.3K	0.02	80.38	46	1	5,256	3,618
2023-04-13	$13.02	$12.50	40.5%	11.6%	61.9%	3.2%	40.4%	3.8%	3.6%	63.1K	-3.5M	-9.1K	0.02	16.46	211	4	5,261	3,617
2023-04-14	$13.16	$12.50	45.5%	13.0%	61.7%	6.2%	43.9%	1.1%	-8.5%	52.7K	-3.8M	-9.1K	36.50	53.53	2	73	5,260	3,619
2023-04-17	$13.05	$12.50	41.1%	11.8%	61.9%	3.6%	0.0%	2.0%	3.7%	55.0K	-3.7M	-8.9K	1.00	30.63	7	7	5,262	3,689
2023-04-18	$12.93	$12.50	40.5%	11.6%	61.0%	3.2%	101.3%	10.7%	3.9%	69.0K	-3.5M	-8.6K	0.09	33.97	67	6	5,265	3,684
2023-04-19	$12.77	$12.50	48.0%	13.8%	59.8%	7.7%	29.2%	18.9%	1.8%	73.6K	-3.2M	-9.1K	0.17	31.51	412	71	5,332	3,681
2023-04-20	$12.89	$12.50	38.8%	11.1%	58.8%	2.2%	38.0%	10.5%	8.5%	65.9K	-3.7M	-8.6K	0.66	38.94	155	103	5,319	3,671
2023-04-21	$12.82	$12.50	42.8%	12.3%	58.9%	4.6%	42.9%	18.1%	11.8%	35.2K	-3.7M	-8.4K	1.00	62.54	51	51	5,298	3,698
2023-04-24	$12.57	$12.50	38.0%	10.9%	59.8%	1.7%	41.3%	-6.2%	8.0%	38.9K	-1.4M	-8.4K	0.00	18.87	0	6	3,078	3,051
2023-04-25	$12.18	$12.50	39.5%	11.3%	61.4%	2.6%	50.6%	2.1%	26.8%	31.9K	-967.2K	-8.4K	1.73	27.98	30	52	3,078	3,045
2023-04-26	$11.98	$12.50	41.6%	11.9%	61.9%	3.9%	38.8%	2.5%	6.8%	27.4K	-879.6K	-8.4K	2.65	39.28	31	82	3,079	2,995
2023-04-27	$12.11	$12.50	36.5%	10.5%	61.4%	0.9%	36.6%	4.2%	11.1%	37.3K	-1.0M	-8.3K	0.00	22.39	700	2	3,099	2,997
2023-04-28	$11.93	$12.50	36.2%	10.4%	24.0%	0.6%	36.1%	4.5%	5.0%	39.2K	-1.0M	-9.1K	0.04	72.45	138	6	3,416	2,996