CXM Options History — July 2023

In July 2023, CXM traded between $13.27 and $15.34. ATM implied volatility averaged 43.2%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded below realized volatility by 0.4% (HV 20d: 43.6%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.16.

Notable Days

2023-07-13: Highest Volume — 2,301 contracts
2023-07-05: Largest IV spike — 33.4% change
2023-07-10: Highest IV Rank — 15.7%
2023-07-05: Largest Expected Move — 14.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.98	$13.27	$15.34	$13.80	$13.98
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	43.2%	37.3%	55.2%	37.3%	38.5%
Expected Move	11.9%	10.7%	14.3%	10.7%	11.0%
HV 20d	43.6%	37.5%	52.4%	52.4%	44.0%
HV 60d	41.2%	38.4%	43.1%	38.4%	42.4%
IV Rank	8.9%	5.6%	15.7%	5.6%	6.2%
IV Percentile	15.1%	2.0%	37.7%	2.0%	4.8%
Term Structure	3.4%	-5.8%	8.9%	-1.5%	7.6%
VWIV	40.1%	29.9%	45.3%	37.6%	39.5%
Skew 25d	6.3%	2.3%	15.5%	5.3%	6.2%
Skew 10d	13.0%	-0.2%	49.3%	49.3%	12.2%
Call IV 25d	37.9%	31.3%	43.1%	38.2%	38.8%
Put IV 25d	44.2%	40.5%	47.4%	43.5%	45.0%
Bid-Ask Spread %	27.79	8.95	48.97	26.04	31.51
Gamma HHI	0.51	0.34	0.73	0.56	0.44
Net GEX	124.8K	73.8K	295.2K	110.3K	103.7K
Net DEX	-3.0M	-6.3M	-2.0M	-2.7M	-2.8M
Net VEX	-10.7K	-11.9K	-9.5K	-10.4K	-11.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.16	0.00	0.51	0.09	0.03
Total Volume	435.35	24	2,301	24	166
Total OI	9,571.75	7,975	10,679	9,449	8,909

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
2023-07-03	$13.80	$12.50	37.3%	10.7%	52.4%	5.6%	37.6%	5.3%	-1.5%	110.3K	-2.7M	-10.4K	0.09	26.04	22	2	6,910	2,539
2023-07-05	$13.64	$12.50	49.8%	14.3%	51.6%	12.6%	29.9%	4.3%	-5.8%	105.1K	-2.6M	-10.3K	0.50	20.10	44	22	6,918	2,541
2023-07-06	$13.27	$12.50	47.2%	12.2%	39.6%	11.2%	41.7%	6.1%	1.1%	78.7K	-2.0M	-9.5K	0.50	24.52	30	15	6,920	2,542
2023-07-07	$13.46	$12.50	48.9%	12.0%	38.5%	12.1%	0.0%	3.0%	0.7%	94.3K	-2.3M	-9.7K	0.00	13.62	152	0	6,915	2,553
2023-07-10	$13.73	$12.50	55.2%	12.3%	37.5%	15.7%	41.7%	5.0%	0.5%	113.3K	-2.7M	-9.9K	0.47	8.95	30	14	7,009	2,553
2023-07-11	$14.34	$12.50	50.6%	11.3%	40.6%	13.1%	40.0%	3.6%	1.7%	147.4K	-3.6M	-10.4K	0.00	18.41	1,153	1	7,008	2,565
2023-07-12	$14.59	$12.50	40.5%	11.6%	40.1%	7.4%	43.0%	2.7%	3.4%	171.7K	-4.0M	-10.6K	0.06	22.38	1,557	89	7,079	2,565
2023-07-13	$15.34	$12.50	37.7%	10.8%	42.6%	5.8%	37.7%	4.8%	3.9%	295.2K	-6.3M	-11.4K	0.03	40.98	2,234	67	8,040	2,639
2023-07-14	$14.41	$12.50	39.5%	11.3%	48.0%	6.8%	39.2%	11.6%	1.9%	155.6K	-3.5M	-10.9K	0.51	25.03	337	171	7,291	2,698
2023-07-17	$14.52	$12.50	38.9%	11.2%	48.0%	6.5%	40.1%	14.9%	2.7%	177.7K	-3.7M	-11.5K	0.23	11.63	389	90	7,422	2,868
2023-07-18	$14.55	$12.50	38.9%	11.2%	47.2%	6.4%	45.3%	15.5%	2.8%	192.9K	-3.6M	-11.5K	0.26	48.97	88	23	7,538	2,938
2023-07-19	$14.48	$12.50	38.4%	11.0%	47.1%	6.2%	38.0%	12.7%	3.3%	169.1K	-3.4M	-11.1K	0.00	36.11	98	0	7,565	2,921
2023-07-20	$14.07	$12.50	39.3%	11.3%	40.5%	6.6%	42.4%	7.0%	7.6%	88.4K	-2.8M	-10.4K	0.05	26.49	201	10	7,541	2,921
2023-07-21	$13.54	$12.50	44.8%	12.8%	42.9%	9.8%	41.2%	4.0%	7.4%	73.8K	-2.2M	-9.8K	0.01	9.77	208	3	7,563	2,903
2023-07-24	$13.48	$12.50	44.4%	12.7%	42.0%	9.6%	42.5%	4.2%	6.3%	75.6K	-2.0M	-9.6K	0.19	35.89	710	132	5,327	2,648
2023-07-25	$13.71	$12.50	43.1%	12.4%	42.2%	8.9%	42.9%	4.3%	4.7%	90.7K	-2.4M	-11.8K	0.10	29.66	99	10	5,949	2,762
2023-07-26	$13.68	$12.50	43.5%	12.5%	42.2%	9.1%	42.2%	2.8%	5.9%	89.1K	-2.4M	-11.7K	0.03	41.94	117	3	5,970	2,772
2023-07-27	$13.34	$12.50	44.4%	12.7%	42.2%	9.6%	44.3%	2.3%	5.5%	76.6K	-2.0M	-11.3K	0.04	44.30	272	10	6,007	2,774
2023-07-28	$13.59	$12.50	42.4%	12.1%	42.9%	8.4%	31.9%	4.7%	8.9%	86.0K	-2.2M	-11.1K	0.03	39.52	134	4	6,068	2,784
2023-07-31	$13.98	$12.50	38.5%	11.0%	44.0%	6.2%	39.5%	6.2%	7.6%	103.7K	-2.8M	-11.9K	0.03	31.51	161	5	6,122	2,787