CXM Options History — November 2023

In November 2023, CXM traded between $13.66 and $15.66. ATM implied volatility averaged 47.8%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 14.2% (HV 20d: 33.6%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.25.

Notable Days

  • 2023-11-03: Highest Volume — 624 contracts
  • 2023-11-02: Largest IV drop — 33.1% change
  • 2023-11-30: Highest IV Rank — 22.1%
  • 2023-11-30: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.80$13.66$15.66$13.66$15.57
Max Pain$14.64$12.50$15.00$15.00$15.00
ATM IV47.8%29.1%62.6%43.6%62.6%
Expected Move14.5%12.5%17.9%12.5%17.9%
HV 20d33.6%29.0%37.6%29.0%33.6%
HV 60d32.5%31.1%33.5%31.1%33.0%
IV Rank13.9%3.6%22.1%11.6%22.1%
IV Percentile50.1%1.2%91.7%34.9%91.7%
Term Structure-8.7%-19.8%4.5%4.5%-19.8%
VWIV50.4%38.3%62.8%38.3%62.8%
Skew 25d6.8%0.8%24.6%0.8%24.6%
Skew 10d16.1%-4.0%60.3%8.8%60.3%
Call IV 25d49.8%39.3%59.1%39.3%56.1%
Put IV 25d56.6%40.1%80.7%40.1%80.7%
Bid-Ask Spread %53.8610.5580.7741.9067.20
Gamma HHI0.580.390.840.560.40
Net GEX112.4K46.8K320.3K46.8K92.9K
Net DEX-1.5M-2.2M-438.1K-438.1K-2.2M
Net VEX-7.1K-8.2K-5.6K-5.6K-7.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.001.920.260.01
Total Volume219.5713624294313
Total OI5,636.4293,5877,1305,5484,383

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$13.66$15.0043.6%12.5%29.0%11.6%38.3%0.8%4.5%46.8K-438.1K-5.6K0.2641.90234604,4451,103
2023-11-02$13.89$12.5029.2%13.0%29.6%3.6%46.5%4.1%-3.2%57.2K-689.4K-6.2K0.0148.5718824,5071,156
2023-11-03$14.52$12.5033.0%13.4%33.1%5.7%46.8%4.9%-5.1%90.3K-1.3M-7.0K0.0247.53611134,6091,156
2023-11-06$14.20$12.5029.1%13.6%34.1%3.6%47.4%1.5%-6.8%90.8K-1.1M-6.9K1.2264.072483035,0781,169
2023-11-07$14.61$15.0035.2%13.2%35.5%6.9%46.1%5.2%-6.0%109.7K-1.5M-8.0K0.6410.55118755,2961,467
2023-11-08$14.57$15.0045.9%13.2%33.8%12.9%49.9%6.3%-5.6%113.1K-1.4M-8.2K1.9248.2812235,3291,541
2023-11-09$14.27$15.0045.4%13.0%34.5%12.6%45.9%5.3%-4.8%90.8K-774.3K-7.3K0.0943.895555,3621,564
2023-11-10$14.48$15.0046.9%13.5%34.1%13.4%46.9%3.0%-7.0%109.2K-978.6K-7.4K0.0029.9510705,3541,569
2023-11-13$14.32$15.0046.9%13.5%34.2%13.4%47.9%4.8%-6.4%100.9K-867.8K-6.9K0.3445.0650175,3891,569
2023-11-14$15.00$15.0048.0%13.8%37.6%14.0%48.1%6.7%-8.7%172.9K-2.2M-7.6K0.3172.51137435,4051,574
2023-11-15$14.96$15.0048.1%13.8%36.5%14.0%47.2%6.1%-7.3%194.5K-2.1M-7.3K0.0263.52491105,3921,549
2023-11-16$14.91$15.0049.1%14.1%36.5%14.6%54.0%4.7%-7.4%236.0K-2.0M-7.1K0.0053.241905,5631,559
2023-11-17$14.88$15.0050.0%14.3%35.0%15.1%50.6%3.8%-7.9%320.3K-1.3M-6.5K0.0840.86157135,5711,559
2023-11-20$15.27$15.0051.4%14.7%35.4%15.9%51.6%8.9%-8.7%64.8K-1.7M-6.5K0.2261.91172372,966621
2023-11-21$15.18$15.0054.6%15.7%34.8%17.7%50.3%10.9%-12.5%66.4K-1.7M-6.8K0.0080.7739903,110655
2023-11-22$15.18$15.0050.8%14.6%30.6%15.6%50.3%5.1%-9.5%75.1K-1.7M-7.1K0.0263.3010323,346655
2023-11-24$15.20$15.0055.4%15.9%30.2%18.1%54.5%5.1%-11.9%76.3K-1.8M-7.3K0.0063.81303,431654
2023-11-27$15.66$15.0059.2%17.0%30.6%20.2%56.0%15.2%-16.6%84.0K-2.1M-7.2K0.0474.12237103,429654
2023-11-28$15.21$15.0059.0%16.9%33.3%20.1%58.6%8.0%-15.9%82.3K-1.8M-7.1K0.0052.1430503,612664
2023-11-29$15.27$15.0059.3%17.0%33.2%20.3%59.2%8.6%-15.7%85.8K-1.9M-7.3K0.0357.983813,686664
2023-11-30$15.57$15.0062.6%17.9%33.6%22.1%62.8%24.6%-19.8%92.9K-2.2M-7.5K0.0167.2030943,718665