CXM Options History — June 2023

In June 2023, CXM traded between $12.88 and $14.96. ATM implied volatility averaged 47.1%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 0.8% (HV 20d: 46.3%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.21.

Notable Days

  • 2023-06-05: Highest Volume — 8,621 contracts
  • 2023-06-12: Largest IV spike — 62.7% change
  • 2023-06-05: Highest IV Rank — 45.9%
  • 2023-06-02: Largest Expected Move — 21.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.00$12.88$14.96$12.88$13.86
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV47.1%27.6%110.5%66.7%39.6%
Expected Move12.9%11.1%21.2%19.1%11.4%
HV 20d46.3%28.3%53.7%28.3%52.7%
HV 60d46.0%38.2%50.0%45.5%38.4%
IV Rank10.6%0.0%45.9%20.5%6.9%
IV Percentile18.6%0.0%99.2%59.9%6.3%
Term Structure-3.1%-25.0%3.3%-16.5%-1.7%
VWIV44.9%33.6%70.3%67.4%40.1%
Skew 25d6.3%0.8%15.6%15.6%1.8%
Skew 10d14.3%-7.9%38.0%37.1%7.0%
Call IV 25d43.2%28.1%70.5%70.2%39.8%
Put IV 25d49.5%40.7%85.8%85.8%41.6%
Bid-Ask Spread %27.859.5875.2175.2132.24
Gamma HHI0.570.340.810.340.54
Net GEX184.8K23.9K583.1K23.9K114.8K
Net DEX-3.5M-7.5M-1.1M-1.1M-2.8M
Net VEX-12.5K-15.7K-10.5K-10.5K-11.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.001.180.050.06
Total Volume1,162.524578,621175172
Total OI10,411.6195,84814,4645,8489,358

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$12.88$12.5066.7%19.1%28.3%20.5%67.4%15.6%-16.5%23.9K-1.1M-10.5K0.0575.2116783,4592,389
2023-06-02$13.16$12.5074.1%21.2%28.5%24.7%70.3%11.1%-25.0%28.7K-1.5M-11.2K0.0427.981,757623,5892,395
2023-06-05$13.54$12.50110.5%18.1%29.4%45.9%63.3%3.0%-1.9%75.5K-2.9M-11.6K0.1857.587,2821,3395,2462,446
2023-06-06$14.84$12.5044.0%11.3%41.4%7.2%41.0%4.0%-2.6%473.2K-7.5M-15.7K0.0550.657,05835710,7923,672
2023-06-07$14.32$12.5042.3%11.7%44.9%6.2%41.5%5.8%-1.3%243.2K-4.4M-14.1K0.0716.84609419,0203,474
2023-06-08$13.84$12.5040.6%12.0%47.5%5.2%42.5%1.4%-1.8%161.0K-3.4M-13.9K0.7917.683672919,2313,481
2023-06-09$13.80$12.5027.6%11.5%46.9%0.0%40.7%8.8%-0.8%151.4K-3.3M-14.1K0.319.584071269,2013,530
2023-06-12$14.16$12.5044.9%11.9%46.7%9.8%45.6%2.9%-1.7%224.5K-3.9M-13.4K0.0011.5255129,3193,503
2023-06-13$14.57$12.5041.8%12.2%46.8%8.1%43.1%3.2%-2.8%351.1K-4.6M-14.0K0.1713.087911329,7073,503
2023-06-14$14.84$12.5040.1%11.5%46.5%7.1%40.4%6.9%0.8%464.9K-5.7M-14.1K0.0632.65348219,6173,455
2023-06-15$14.96$12.5041.2%11.8%46.0%7.8%41.2%8.7%-1.3%583.1K-5.8M-13.7K0.0318.9729799,4303,459
2023-06-16$14.59$12.5041.7%11.9%47.0%8.0%33.6%15.4%-1.4%117.8K-3.9M-12.7K0.0813.08180159,2863,462
2023-06-20$14.73$12.5038.7%11.1%46.3%6.3%38.7%15.2%0.7%127.5K-3.9M-12.0K0.0214.76749166,1362,433
2023-06-21$13.71$12.5044.9%12.9%52.6%9.8%39.9%5.4%-3.3%104.1K-2.8M-11.8K0.1611.91246406,5772,434
2023-06-22$13.71$12.5042.4%12.1%52.5%8.4%39.7%3.1%1.8%103.6K-2.8M-12.0K0.0412.645526,6322,446
2023-06-23$13.39$12.5039.3%11.3%53.3%6.7%40.1%1.1%3.3%92.4K-2.4M-10.9K0.7118.9072516,6542,448
2023-06-26$13.57$12.5043.2%12.4%53.4%8.9%42.9%0.8%0.3%98.4K-2.6M-11.1K1.1852.8934406,6622,464
2023-06-27$13.66$12.5047.4%13.6%53.4%11.3%48.6%8.4%-7.7%103.2K-2.7M-11.3K0.4920.24107526,6812,504
2023-06-28$13.96$12.5039.3%11.3%53.7%6.7%43.2%7.2%-1.4%116.9K-3.0M-11.5K0.0030.7710606,7162,539
2023-06-29$14.00$12.5039.0%11.2%53.7%6.5%39.6%3.1%-1.6%121.6K-3.1M-11.3K0.0145.6744866,7532,541
2023-06-30$13.86$12.5039.6%11.4%52.7%6.9%40.1%1.8%-1.7%114.8K-2.8M-11.1K0.0632.24162106,8132,545