CXM Options History — October 2023

In October 2023, CXM traded between $12.96 and $14.41. ATM implied volatility averaged 40.7%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 11.4% (HV 20d: 29.3%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.54.

Notable Days

  • 2023-10-03: Highest Volume — 452 contracts
  • 2023-10-18: Largest IV spike — 19.8% change
  • 2023-10-18: Highest IV Rank — 12.2%
  • 2023-10-18: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.71$12.96$14.41$13.96$13.54
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV40.7%36.3%44.7%38.4%42.9%
Expected Move11.7%10.3%12.8%11.0%12.3%
HV 20d29.3%23.4%36.3%36.3%29.4%
HV 60d32.3%30.7%36.5%36.5%31.9%
IV Rank10.0%7.5%12.2%8.7%11.2%
IV Percentile22.0%6.0%38.5%10.3%32.1%
Term Structure4.4%-0.1%9.3%-0.1%7.3%
VWIV38.6%24.6%43.7%41.4%39.8%
Skew 25d4.9%-0.6%11.4%7.0%0.7%
Skew 10d13.6%-0.8%55.1%13.9%6.7%
Call IV 25d38.7%32.7%44.6%37.9%40.2%
Put IV 25d43.6%40.5%54.0%45.0%40.9%
Bid-Ask Spread %35.126.0560.2559.406.91
Gamma HHI0.430.330.540.390.54
Net GEX50.5K28.9K72.1K64.4K42.5K
Net DEX-476.0K-1.1M-44.7K-800.2K-372.7K
Net VEX-7.7K-10.5K-5.2K-10.5K-5.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.005.200.460.00
Total Volume100.818145218472
Total OI6,497.4095,1557,1717,1385,525

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$13.96$15.0038.4%11.0%36.3%8.7%41.4%7.0%-0.1%64.4K-800.2K-10.5K0.4659.40126585,4571,681
2023-10-03$13.73$15.0043.7%12.5%33.7%11.6%38.9%3.2%1.8%54.5K-536.2K-9.9K0.0960.05416365,4791,692
2023-10-04$13.95$15.0038.5%11.0%34.7%8.7%0.0%7.5%0.3%51.3K-707.4K-10.1K0.0056.71105,2161,713
2023-10-05$14.05$15.0037.4%11.1%34.3%8.1%41.1%11.4%3.8%53.7K-757.6K-10.1K5.2035.7810525,2161,713
2023-10-06$14.30$15.0037.5%10.8%34.8%8.2%38.4%4.6%4.9%64.5K-1.1M-10.3K0.1436.412235,2241,688
2023-10-09$14.32$15.0038.2%10.8%34.8%8.6%38.2%4.1%4.6%66.8K-1.1M-9.9K0.026.5610425,2251,690
2023-10-10$14.41$15.0036.6%10.3%23.4%7.7%36.7%3.5%6.0%72.1K-1.1M-9.8K0.2848.9671205,3271,688
2023-10-11$14.00$15.0036.3%10.4%25.4%7.5%32.4%8.4%5.7%56.7K-631.0K-8.9K0.0410.312715,3581,683
2023-10-12$13.86$15.0037.5%10.8%24.7%8.2%37.5%5.1%4.2%51.2K-490.1K-8.7K0.6248.3726165,3561,680
2023-10-13$13.63$15.0044.0%12.6%25.1%11.8%41.4%3.7%2.3%50.2K-187.3K-7.6K0.0235.564215,3621,671
2023-10-16$13.84$15.0038.6%11.1%26.1%8.8%38.2%6.7%3.8%57.9K-336.4K-7.7K0.5238.3246245,3711,672
2023-10-17$13.95$15.0037.3%10.7%26.3%8.1%37.0%5.3%5.4%60.8K-433.1K-7.7K0.1512.212745,3761,665
2023-10-18$13.64$15.0044.7%12.8%27.2%12.2%41.9%6.3%1.1%50.9K-142.5K-7.1K0.0146.356715,3701,665
2023-10-19$13.61$15.0041.7%12.0%26.0%10.5%38.5%3.2%2.3%53.0K-333.6K-6.7K0.0241.295615,3861,473
2023-10-20$13.29$15.0043.2%12.4%27.0%11.3%24.6%5.1%6.4%44.1K-109.1K-6.1K0.0213.3735675,3481,474
2023-10-23$13.20$15.0040.5%11.6%27.0%9.9%41.2%-0.6%9.3%37.3K-227.2K-5.2K1.5515.061281984,277878
2023-10-24$13.57$15.0044.5%12.8%28.7%12.1%35.6%7.2%4.6%44.0K-419.4K-6.0K1.0330.1730314,3331,057
2023-10-25$13.04$15.0042.8%12.3%30.4%11.1%42.8%2.3%6.1%30.6K-86.8K-5.3K0.1760.25614,3541,102
2023-10-26$12.96$15.0043.8%12.6%30.3%11.7%40.0%9.4%5.0%28.9K-44.7K-5.2K0.0357.2810834,3561,102
2023-10-27$13.30$15.0043.7%12.5%29.8%11.6%43.7%3.4%5.8%36.9K-253.0K-5.8K1.0047.21554,4171,101
2023-10-30$13.36$15.0044.3%12.7%29.5%12.0%41.5%1.3%7.2%38.8K-279.0K-5.5K0.606.05534,4211,101
2023-10-31$13.54$15.0042.9%12.3%29.4%11.2%39.8%0.7%7.3%42.5K-372.7K-5.6K0.006.917204,4221,103