CXM Options History — August 2023

In August 2023, CXM traded between $13.34 and $15.21. ATM implied volatility averaged 50.2%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 15.3% (HV 20d: 34.9%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.45.

Notable Days

2023-08-01: Highest Volume — 587 contracts
2023-08-08: Largest IV spike — 96.1% change
2023-08-28: Highest IV Rank — 20.2%
2023-08-28: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.14	$13.34	$15.21	$14.20	$15.21
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	50.2%	22.7%	59.3%	38.3%	59.1%
Expected Move	15.1%	9.9%	17.0%	11.0%	16.9%
HV 20d	34.9%	28.4%	44.5%	44.3%	28.4%
HV 60d	42.5%	37.7%	43.5%	42.4%	37.7%
IV Rank	14.8%	0.0%	20.2%	6.1%	20.1%
IV Percentile	37.8%	0.0%	63.1%	4.0%	62.7%
Term Structure	-6.7%	-14.5%	9.1%	9.1%	-14.5%
VWIV	51.8%	34.2%	60.1%	34.2%	59.8%
Skew 25d	7.2%	3.5%	13.5%	9.1%	6.7%
Skew 10d	14.3%	-9.1%	33.4%	16.0%	17.0%
Call IV 25d	51.3%	37.2%	60.1%	37.2%	60.1%
Put IV 25d	58.5%	45.5%	68.2%	46.2%	66.9%
Bid-Ask Spread %	28.47	7.75	45.57	38.03	27.87
Gamma HHI	0.38	0.26	0.50	0.48	0.37
Net GEX	73.3K	39.8K	117.6K	117.6K	83.9K
Net DEX	-2.3M	-3.2M	-1.5M	-3.2M	-2.6M
Net VEX	-11.2K	-12.6K	-9.6K	-12.2K	-12.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.01	3.59	0.22	0.28
Total Volume	160.913	19	587	587	188
Total OI	7,730.435	4,604	9,604	8,998	5,519

Daily Data (23 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
2023-08-01	$14.20	$12.50	38.3%	11.0%	44.3%	6.1%	34.2%	9.1%	9.1%	117.6K	-3.2M	-12.2K	0.22	38.03	483	104	6,211	2,787
2023-08-02	$13.96	$12.50	34.6%	9.9%	44.5%	4.0%	40.0%	5.1%	7.1%	103.7K	-2.7M	-12.3K	0.22	45.57	200	44	6,227	2,880
2023-08-03	$13.82	$12.50	41.8%	14.2%	43.5%	8.1%	49.8%	4.4%	-4.3%	99.8K	-2.6M	-12.4K	0.01	7.75	142	2	6,340	2,920
2023-08-04	$13.93	$12.50	38.0%	13.8%	43.3%	6.0%	51.6%	3.8%	-5.8%	106.1K	-2.7M	-11.9K	0.79	12.28	101	80	6,359	2,919
2023-08-07	$13.82	$12.50	22.7%	14.2%	42.9%	0.0%	50.3%	13.5%	-5.1%	66.7K	-2.5M	-10.6K	0.68	21.52	225	153	6,356	2,919
2023-08-08	$13.34	$12.50	44.5%	15.7%	41.4%	12.1%	49.5%	9.0%	-5.4%	62.2K	-1.9M	-10.5K	3.59	16.92	37	133	6,383	2,960
2023-08-09	$13.34	$12.50	55.8%	16.0%	40.7%	18.3%	51.7%	9.3%	-8.4%	60.3K	-1.9M	-10.3K	0.08	27.13	103	8	6,363	3,002
2023-08-10	$13.34	$12.50	54.9%	15.7%	35.3%	17.8%	50.9%	9.7%	-7.5%	41.3K	-2.0M	-9.6K	2.16	40.46	25	54	6,359	3,001
2023-08-11	$13.43	$12.50	53.4%	15.3%	28.9%	17.0%	44.2%	12.0%	-6.8%	39.8K	-2.2M	-10.0K	0.08	21.09	38	3	6,369	3,047
2023-08-14	$14.04	$12.50	48.7%	14.0%	33.4%	14.4%	48.7%	3.6%	-5.4%	91.2K	-2.7M	-10.6K	0.08	14.24	126	10	6,390	3,049
2023-08-15	$13.98	$12.50	49.9%	14.3%	33.3%	15.0%	50.1%	4.3%	-5.7%	75.4K	-2.6M	-10.5K	0.05	39.71	38	2	6,492	3,059
2023-08-16	$14.11	$12.50	52.4%	15.0%	33.6%	16.4%	53.9%	5.0%	-8.0%	90.6K	-2.8M	-10.7K	0.19	39.82	48	9	6,522	3,059
2023-08-17	$13.73	$12.50	57.2%	16.4%	33.4%	19.1%	56.2%	3.5%	-6.0%	44.2K	-2.5M	-10.4K	0.12	23.12	17	2	6,538	3,066
2023-08-18	$13.89	$12.50	52.1%	14.9%	30.6%	16.3%	55.2%	3.8%	-6.6%	44.8K	-2.5M	-10.1K	0.12	25.16	112	13	6,532	3,053
2023-08-21	$14.27	$12.50	53.5%	15.3%	31.9%	17.0%	53.5%	7.8%	-5.7%	50.4K	-1.5M	-10.3K	0.02	35.69	282	6	3,671	933
2023-08-22	$14.52	$12.50	55.1%	15.8%	31.9%	17.9%	55.1%	8.3%	-9.7%	65.5K	-2.0M	-11.8K	0.14	21.46	107	15	4,136	939
2023-08-23	$14.50	$12.50	54.4%	15.6%	31.9%	17.6%	57.9%	6.6%	-8.5%	69.1K	-2.0M	-11.9K	0.52	40.78	46	24	4,201	953
2023-08-24	$14.38	$12.50	56.1%	16.1%	30.4%	18.5%	56.8%	4.8%	-10.0%	67.3K	-1.9M	-11.3K	0.02	29.83	60	1	4,219	953
2023-08-25	$14.75	$12.50	55.0%	15.8%	31.0%	17.9%	55.4%	11.7%	-9.4%	72.3K	-2.2M	-11.8K	0.41	28.71	41	17	4,243	963
2023-08-28	$14.70	$12.50	59.3%	17.0%	29.7%	20.2%	60.1%	6.2%	-12.7%	72.8K	-2.2M	-11.8K	0.03	31.01	76	2	4,280	979
2023-08-29	$14.89	$12.50	59.2%	17.0%	29.5%	20.2%	59.1%	10.2%	-13.6%	77.5K	-2.4M	-11.8K	0.03	29.88	78	2	4,318	981
2023-08-30	$15.00	$12.50	57.8%	16.6%	28.7%	19.4%	47.6%	7.0%	-12.3%	83.9K	-2.5M	-11.9K	0.41	36.85	314	130	4,371	979
2023-08-31	$15.21	$12.50	59.1%	16.9%	28.4%	20.1%	59.8%	6.7%	-14.5%	83.9K	-2.6M	-12.6K	0.28	27.87	147	41	4,421	1,098