CXM Options History — February 2024

In February 2024, CXM traded between $12.29 and $13.05. ATM implied volatility averaged 35.9%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 7.4% (HV 20d: 28.5%). 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 20 of 20 days. Put/call ratio averaged 0.27.

Notable Days

2024-02-09: Highest Volume — 1,277 contracts
2024-02-12: Largest IV spike — 7.9% change
2024-02-15: Highest IV Rank — 8.9%
2024-02-15: Largest Expected Move — 11.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.72	$12.29	$13.05	$12.64	$13.05
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	35.9%	31.4%	38.8%	31.4%	36.3%
Expected Move	10.4%	9.9%	11.1%	9.9%	10.4%
HV 20d	28.5%	23.9%	33.9%	27.3%	32.9%
HV 60d	91.1%	90.7%	91.7%	91.3%	90.8%
IV Rank	7.3%	4.8%	8.9%	4.8%	7.5%
IV Percentile	17.2%	2.0%	33.7%	2.0%	17.9%
Term Structure	12.7%	6.5%	19.5%	8.8%	19.5%
VWIV	36.7%	34.4%	39.6%	39.0%	36.3%
Skew 25d	1.5%	-7.8%	9.2%	-4.7%	8.5%
Skew 10d	3.4%	-12.3%	29.1%	-7.5%	29.1%
Call IV 25d	35.0%	27.7%	44.0%	37.5%	27.7%
Put IV 25d	36.5%	32.8%	40.7%	32.9%	36.2%
Bid-Ask Spread %	53.42	22.45	74.26	48.15	74.26
Gamma HHI	0.50	0.39	0.62	0.56	0.39
Net GEX	168.9K	121.2K	283.3K	167.1K	153.4K
Net DEX	-4.9M	-7.1M	-3.1M	-4.8M	-5.0M
Net VEX	-23.0K	-24.5K	-21.1K	-21.5K	-24.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.27	0.00	1.71	0.06	0.30
Total Volume	447.2	67	1,277	265	408
Total OI	16,016.4	11,860	20,035	16,631	13,892

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
2024-02-01	$12.64	$12.50	31.4%	9.9%	27.3%	4.8%	39.0%	-4.7%	8.8%	167.1K	-4.8M	-21.5K	0.06	48.15	250	15	14,388	2,243
2024-02-02	$12.80	$12.50	32.3%	9.9%	23.9%	5.3%	34.7%	-0.8%	9.6%	168.5K	-5.4M	-21.1K	1.71	43.33	293	500	14,575	2,243
2024-02-05	$12.46	$12.50	33.2%	9.9%	26.2%	5.8%	35.9%	2.5%	8.9%	170.2K	-4.1M	-22.5K	0.06	35.63	126	8	14,799	2,743
2024-02-06	$12.54	$12.50	33.1%	10.1%	24.3%	5.8%	35.3%	4.3%	9.0%	172.8K	-4.4M	-23.1K	0.04	43.91	150	6	14,823	2,751
2024-02-07	$12.50	$12.50	34.4%	9.9%	24.3%	6.5%	34.4%	4.9%	9.6%	186.9K	-4.4M	-22.7K	0.63	58.62	41	26	14,943	2,757
2024-02-08	$12.82	$12.50	36.4%	10.4%	24.6%	7.6%	36.4%	-4.1%	8.9%	179.2K	-5.6M	-22.4K	0.13	51.25	134	17	14,936	2,781
2024-02-09	$13.02	$12.50	34.7%	10.0%	25.0%	6.7%	34.7%	-1.4%	9.2%	162.6K	-6.1M	-22.3K	0.00	62.87	1,274	3	14,844	2,778
2024-02-12	$12.86	$12.50	37.5%	10.7%	24.8%	8.2%	37.5%	-4.3%	12.0%	186.7K	-5.9M	-24.1K	0.07	22.45	357	24	15,789	2,778
2024-02-13	$12.46	$12.50	37.9%	10.9%	27.5%	8.4%	37.9%	-7.8%	6.5%	214.6K	-4.4M	-23.9K	0.02	60.85	949	18	16,005	2,778
2024-02-14	$12.82	$12.50	38.6%	11.1%	27.8%	8.8%	39.6%	-5.6%	8.6%	203.4K	-6.1M	-24.0K	0.00	60.52	545	0	16,627	2,793
2024-02-15	$12.93	$12.50	38.8%	11.1%	27.8%	8.9%	39.6%	-4.7%	13.7%	159.7K	-7.1M	-23.6K	0.23	61.91	380	87	17,140	2,793
2024-02-16	$12.68	$12.50	38.1%	10.9%	28.8%	8.5%	38.0%	6.9%	13.6%	283.3K	-6.1M	-23.2K	0.08	62.17	288	24	17,213	2,822
2024-02-20	$12.63	$12.50	38.3%	11.0%	28.6%	8.6%	38.3%	6.7%	15.6%	126.7K	-3.8M	-22.8K	0.88	46.81	116	102	10,110	1,750
2024-02-21	$12.29	$12.50	36.8%	10.5%	30.0%	7.8%	36.8%	-0.4%	15.0%	121.2K	-3.1M	-22.0K	0.19	56.26	239	45	10,142	1,851
2024-02-22	$12.84	$12.50	36.6%	10.5%	33.9%	7.7%	36.6%	9.2%	16.8%	134.2K	-4.2M	-23.2K	0.15	55.35	615	91	10,315	1,896
2024-02-23	$12.80	$12.50	35.3%	10.1%	33.0%	7.0%	35.3%	6.1%	17.5%	140.1K	-4.2M	-23.6K	0.14	54.43	264	37	10,544	1,946
2024-02-26	$12.77	$12.50	37.2%	10.7%	33.0%	8.0%	37.2%	6.1%	16.3%	143.5K	-4.2M	-23.4K	0.00	58.75	698	1	10,611	1,941
2024-02-27	$12.79	$12.50	35.8%	10.3%	32.5%	7.3%	35.8%	5.3%	17.6%	150.1K	-4.3M	-23.6K	0.08	55.63	601	47	11,278	1,942
2024-02-28	$12.63	$12.50	35.3%	10.1%	32.7%	7.0%	35.3%	2.4%	17.8%	153.7K	-4.0M	-23.5K	0.68	55.24	98	67	11,813	1,955
2024-02-29	$13.05	$12.50	36.3%	10.4%	32.9%	7.5%	36.3%	8.5%	19.5%	153.4K	-5.0M	-24.5K	0.30	74.26	315	93	11,888	2,004