CXM Options History — March 2024

In March 2024, CXM traded between $12.27 and $13.75. ATM implied volatility averaged 51.9%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded above realized volatility by 17.3% (HV 20d: 34.6%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.41.

Notable Days

  • 2024-03-28: Highest Volume — 6,118 contracts
  • 2024-03-12: Largest IV spike — 49.0% change
  • 2024-03-27: Highest IV Rank — 55.4%
  • 2024-03-27: Largest Expected Move — 20.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.25$12.27$13.75$13.38$12.27
Max Pain$14.13$12.50$15.00$12.50$12.50
ATM IV51.9%28.2%71.3%36.7%36.4%
Expected Move16.7%10.4%20.5%10.5%10.4%
HV 20d34.6%31.4%37.5%33.8%36.0%
HV 60d39.9%30.1%91.3%91.0%32.7%
IV Rank27.4%3.0%55.4%7.8%15.7%
IV Percentile67.6%1.2%96.4%21.8%19.8%
Term Structure-7.9%-16.7%15.8%15.8%-1.8%
VWIV58.9%36.4%74.9%37.3%36.4%
Skew 25d1.1%-10.8%8.9%8.9%0.2%
Skew 10d7.9%-29.9%40.6%40.6%1.5%
Call IV 25d58.8%25.5%77.2%25.5%32.0%
Put IV 25d59.8%32.2%74.1%34.4%32.2%
Bid-Ask Spread %62.9336.9076.6668.9636.90
Gamma HHI0.480.390.580.390.44
Net GEX121.5K93.8K161.1K146.1K134.9K
Net DEX-4.8M-6.2M-2.2M-5.6M-2.2M
Net VEX-24.7K-26.1K-22.1K-25.2K-22.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.001.700.040.24
Total Volume858.951086,1183526,118
Total OI15,677.214,03520,79114,03520,791

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$13.38$12.5036.7%10.5%33.8%7.8%37.3%8.9%15.8%146.1K-5.6M-25.2K0.0468.963391311,9702,065
2024-03-04$13.59$12.5046.5%16.2%33.9%13.2%56.5%0.1%-5.8%147.0K-6.0M-25.2K0.1272.483554412,2382,076
2024-03-05$13.02$15.0042.6%16.1%36.2%11.0%56.7%5.2%-4.2%159.0K-4.9M-24.7K0.0376.66322912,6292,094
2024-03-06$13.13$15.0040.2%16.2%36.2%9.7%59.1%2.5%-7.3%161.1K-5.1M-24.5K0.0669.761631012,8692,097
2024-03-07$13.54$15.0039.9%16.9%37.5%9.5%59.0%2.4%-7.0%156.5K-6.0M-25.8K0.1868.772594712,9612,107
2024-03-08$13.52$15.0028.2%17.4%36.7%3.0%60.1%2.4%-8.2%122.0K-6.2M-25.5K1.0069.3432532413,0752,134
2024-03-11$13.46$15.0033.2%17.1%36.5%5.8%59.9%2.8%-7.9%114.2K-5.9M-25.6K0.5659.60995513,3422,438
2024-03-12$13.64$12.5049.5%17.5%36.3%14.8%59.5%2.8%-9.0%123.0K-6.2M-24.8K1.2971.249812613,3152,412
2024-03-13$13.75$12.5060.5%17.3%33.9%20.9%59.3%2.4%-8.7%130.6K-6.2M-25.3K1.6271.6619832113,3872,537
2024-03-14$13.50$15.0060.1%17.2%33.7%27.8%58.9%1.9%-9.2%100.8K-5.7M-26.1K0.0069.94238013,5392,855
2024-03-15$13.09$15.0058.5%16.8%35.6%40.8%60.1%0.7%-8.3%95.8K-5.0M-25.0K0.0273.24106213,6512,855
2024-03-18$13.00$15.0058.7%16.8%34.9%41.0%61.2%1.1%-9.1%93.8K-3.4M-24.4K0.2571.49872212,3242,652
2024-03-19$13.00$15.0059.6%17.1%34.9%42.0%60.2%1.3%-9.9%95.6K-3.4M-23.7K0.0537.63195912,3842,666
2024-03-20$13.09$15.0060.6%17.4%33.2%43.2%60.2%3.3%-10.4%100.5K-3.5M-24.0K0.1473.051041512,4532,674
2024-03-21$13.50$15.0061.3%17.6%31.4%43.9%62.5%0.1%-11.6%110.3K-4.2M-24.5K0.3172.801615012,5032,676
2024-03-22$13.43$15.0063.3%18.2%31.5%46.3%64.9%-0.3%-11.1%109.5K-4.1M-24.7K0.1262.901621912,6092,695
2024-03-25$13.29$15.0065.9%18.9%31.8%49.2%66.1%-10.8%-12.7%106.6K-3.9M-23.7K0.2346.1778018112,6332,706
2024-03-26$12.89$12.5064.4%18.5%33.8%47.6%65.9%-1.9%-14.2%113.0K-3.7M-24.0K1.7045.7130151113,3502,857
2024-03-27$12.91$12.5071.3%20.5%33.4%55.4%74.9%-3.0%-16.7%110.4K-3.9M-25.4K0.2740.353,9311,08013,6693,256
2024-03-28$12.27$12.5036.4%10.4%36.0%15.7%36.4%0.2%-1.8%134.9K-2.2M-22.1K0.2436.904,9261,19216,6194,172