CXM Options History — May 2023

In May 2023, CXM traded between $11.16 and $13.25. ATM implied volatility averaged 51.6%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 22.7% (HV 20d: 28.8%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 2.37.

Notable Days

  • 2023-05-23: Highest Volume — 790 contracts
  • 2023-05-30: Largest IV spike — 57.5% change
  • 2023-05-30: Highest IV Rank — 24.4%
  • 2023-05-30: Largest Expected Move — 21.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.10$11.16$13.25$11.91$13.25
Max Pain$10.95$10.00$12.50$12.50$12.50
ATM IV51.6%31.6%73.6%38.4%68.6%
Expected Move14.8%10.4%21.1%11.0%19.7%
HV 20d28.8%23.3%35.6%23.3%30.0%
HV 60d44.6%43.1%45.7%43.1%45.0%
IV Rank11.1%0.0%24.4%2.0%21.5%
IV Percentile24.1%0.0%77.0%2.0%65.5%
Term Structure-6.0%-22.8%22.0%9.4%-22.8%
VWIV50.2%34.8%71.1%38.4%64.0%
Skew 25d14.7%-0.8%67.6%1.6%8.1%
Skew 10d37.4%-0.3%128.3%4.5%27.5%
Call IV 25d46.5%30.5%66.2%37.3%62.5%
Put IV 25d61.2%36.3%103.2%38.9%70.6%
Bid-Ask Spread %50.5217.8682.3717.8665.47
Gamma HHI0.450.300.900.540.38
Net GEX39.4K5.5K326.0K40.2K36.6K
Net DEX-1.0M-1.8M-304.4K-1.0M-1.8M
Net VEX-9.1K-10.6K-8.1K-9.2K-9.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.370.0020.503.670.00
Total Volume183.22767901041
Total OI6,288.9554,5966,8306,5495,831

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$11.91$12.5038.4%11.0%23.3%2.0%38.4%1.6%9.4%40.2K-1.0M-9.2K0.0017.860103,5532,996
2023-05-02$11.61$12.5042.3%12.1%24.4%4.3%42.4%-0.8%2.0%28.3K-751.4K-9.2K3.6776.013113,5532,991
2023-05-03$11.18$10.0044.0%12.6%27.0%5.3%40.7%5.8%-13.5%8.1K-309.1K-8.5K17.9182.37111973,5542,980
2023-05-04$11.16$0.0053.9%17.4%27.1%11.2%51.3%8.9%-22.4%5.5K-304.4K-8.9K20.5059.3881643,5603,049
2023-05-05$11.23$10.0059.7%12.2%27.0%14.6%0.0%4.3%6.0%7.3K-456.9K-9.2K0.8845.60873,5593,102
2023-05-08$11.32$10.0038.1%13.8%26.9%1.8%0.0%10.7%-6.0%12.6K-447.8K-8.2K0.0172.5826823,5563,101
2023-05-09$11.50$10.0031.6%10.4%26.6%0.0%51.0%15.2%9.3%24.0K-625.9K-8.6K0.0246.505113,5843,103
2023-05-10$11.75$10.0043.9%12.6%26.3%7.2%44.0%12.8%-3.5%39.9K-892.1K-8.7K1.6533.20951573,6313,104
2023-05-11$11.57$10.0047.6%13.6%25.7%9.3%0.0%10.6%-5.8%24.9K-596.2K-8.7K2.4038.375123,6233,198
2023-05-12$11.46$10.0045.3%13.0%24.9%8.0%47.4%8.0%-4.8%15.7K-576.8K-9.1K0.0046.75603,6183,195
2023-05-15$11.77$10.0054.7%15.7%27.6%13.5%63.3%12.6%-4.4%41.0K-992.0K-8.5K0.0338.463513,6133,195
2023-05-16$11.71$10.0052.9%15.2%27.6%12.4%51.6%12.9%-7.8%33.9K-735.4K-8.4K1.0038.55333,6353,195
2023-05-17$11.63$10.0054.1%15.5%27.5%13.1%58.5%8.1%-11.5%6.0K-587.1K-8.1K0.2049.71513,6383,185
2023-05-18$12.04$10.0052.2%15.0%30.5%12.0%34.8%0.6%-4.9%66.7K-1.0M-8.1K0.1436.1070103,6383,186
2023-05-19$12.43$10.0055.3%15.9%32.9%13.8%55.1%6.6%-8.4%326.0K-1.4M-8.3K0.0342.67465153,6163,196
2023-05-22$12.96$10.0053.3%15.3%35.6%12.7%53.0%10.5%-9.5%20.4K-1.5M-8.9K0.0327.38363122,4992,097
2023-05-23$13.11$12.5059.6%17.1%33.5%16.3%55.1%13.1%-18.6%22.4K-1.5M-9.9K0.5359.055162742,7942,108
2023-05-24$13.20$12.5059.2%17.0%32.6%16.0%56.1%21.6%-10.7%29.2K-1.8M-10.5K0.0555.1714473,2032,317
2023-05-25$13.11$12.5059.5%17.1%32.8%16.3%40.6%67.6%-12.5%24.4K-1.7M-10.6K0.0063.0321303,1972,324
2023-05-26$13.09$12.5046.7%13.4%32.1%8.8%36.0%62.0%22.0%24.4K-1.5M-10.3K0.1855.215861063,1602,324
2023-05-30$13.23$12.5073.6%21.1%32.1%24.4%71.1%22.2%-13.9%29.6K-1.6M-10.3K0.5662.1093523,3672,429
2023-05-31$13.25$12.5068.6%19.7%30.0%21.5%64.0%8.1%-22.8%36.6K-1.8M-9.8K0.0065.474103,4422,389