CXM Options History — January 2024

In January 2024, CXM traded between $11.41 and $12.96. ATM implied volatility averaged 35.8%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded below realized volatility by 17.3% (HV 20d: 53.1%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.15.

Notable Days

  • 2024-01-08: Highest Volume — 1,684 contracts
  • 2024-01-29: Largest IV spike — 12.9% change
  • 2024-01-30: Highest IV Rank — 8.7%
  • 2024-01-30: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.26$11.41$12.96$11.75$12.50
Max Pain$10.24$10.00$12.50$10.00$12.50
ATM IV35.8%32.5%38.4%36.3%34.7%
Expected Move10.3%9.3%11.0%10.4%9.9%
HV 20d53.1%28.8%152.5%151.6%29.8%
HV 60d91.9%91.6%92.2%91.6%91.7%
IV Rank7.3%5.5%8.7%7.5%6.6%
IV Percentile10.5%2.8%25.4%9.1%7.9%
Term Structure2.2%-3.6%7.9%0.2%-0.2%
VWIV37.3%33.7%46.6%36.5%38.9%
Skew 25d2.8%-14.6%16.5%-6.1%-14.6%
Skew 10d4.6%-22.5%25.3%-11.2%-22.5%
Call IV 25d35.3%26.8%50.0%36.2%50.0%
Put IV 25d38.1%30.1%49.2%30.1%35.3%
Bid-Ask Spread %56.6739.9471.4254.4856.33
Gamma HHI0.720.460.900.780.56
Net GEX407.0K145.0K928.0K401.2K160.1K
Net DEX-5.4M-8.1M-3.5M-4.6M-4.4M
Net VEX-20.3K-23.8K-17.6K-19.8K-21.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.001.290.120.34
Total Volume508.095791,684971245
Total OI22,298.23814,71927,15525,57816,457

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$11.75$10.0036.3%10.4%151.6%7.5%36.5%-6.1%0.2%401.2K-4.6M-19.8K0.1254.4886410720,5585,020
2024-01-03$11.41$10.0032.5%9.3%151.4%5.5%40.2%-7.0%-1.1%284.9K-3.5M-17.6K0.0040.92231120,8414,932
2024-01-04$11.89$10.0035.7%10.5%152.5%7.2%37.1%1.7%5.0%499.1K-5.6M-20.3K0.3860.5346717920,8214,932
2024-01-05$11.86$10.0037.3%10.8%152.4%8.1%41.8%0.8%5.1%489.7K-5.5M-19.8K0.1358.797749920,8895,088
2024-01-08$12.21$10.0035.8%10.3%29.7%7.3%37.1%4.4%7.0%663.7K-7.2M-21.1K0.0957.681,55013421,2065,123
2024-01-09$12.27$10.0036.5%10.0%29.3%7.6%34.9%6.6%7.9%639.4K-7.0M-20.8K0.0158.697731020,7705,275
2024-01-10$12.04$10.0036.1%10.3%30.2%7.4%36.1%12.5%7.2%589.4K-6.1M-21.1K0.0650.269395821,3495,275
2024-01-11$12.11$10.0036.1%10.4%30.0%7.4%36.3%15.5%7.7%663.9K-6.0M-22.4K0.0062.08232021,7135,329
2024-01-12$12.36$10.0037.3%10.7%30.5%8.1%37.1%7.3%6.7%802.4K-8.1M-23.8K0.0155.26433421,6085,329
2024-01-16$12.34$10.0036.1%10.4%30.2%7.4%36.6%8.2%6.7%928.0K-7.6M-21.3K0.0467.632541021,7445,329
2024-01-17$12.07$10.0035.5%10.2%31.3%7.1%35.5%3.9%6.6%604.2K-4.6M-18.7K1.2971.42384921,7355,339
2024-01-18$12.02$10.0036.8%10.5%30.8%7.8%36.8%3.6%-3.2%446.4K-4.2M-18.3K0.0066.73103021,7695,386
2024-01-19$12.16$10.0035.5%10.2%29.6%7.1%36.2%16.5%-0.9%145.0K-4.1M-17.9K0.4962.5341620321,7485,386
2024-01-22$12.30$10.0035.3%10.1%29.7%7.0%35.3%0.5%-1.0%155.1K-3.9M-19.4K0.0139.94131113,2761,443
2024-01-23$12.46$10.0035.0%10.0%29.0%6.8%35.0%6.6%-1.3%163.7K-4.3M-19.4K0.1459.2672810113,2791,444
2024-01-24$12.43$10.0034.0%9.7%28.8%6.3%34.2%5.3%0.9%180.0K-4.4M-20.5K0.0559.6275413,7871,543
2024-01-25$12.71$10.0035.5%10.2%29.7%7.1%35.5%4.1%-1.2%189.1K-5.1M-20.4K0.0144.52183113,8201,547
2024-01-26$12.77$10.0033.7%9.7%29.7%6.1%33.7%6.8%1.2%188.6K-5.2M-20.5K0.0647.837074513,7561,548
2024-01-29$12.96$10.0038.0%10.9%29.5%8.5%40.7%-8.4%-2.8%194.1K-5.7M-20.7K0.0058.22227013,9861,563
2024-01-30$12.88$12.5038.4%11.0%29.1%8.7%46.6%-10.1%-3.6%159.9K-5.4M-21.6K0.0057.33294014,1392,181
2024-01-31$12.50$12.5034.7%9.9%29.8%6.6%38.9%-14.6%-0.2%160.1K-4.4M-21.0K0.3456.331836214,2762,181