CXM Options History — April 2024

In April 2024, CXM traded between $11.32 and $12.23. ATM implied volatility averaged 33.0%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 5.5% (HV 20d: 27.5%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2024-04-01: Highest Volume — 2,952 contracts
  • 2024-04-19: Largest IV drop — 16.0% change
  • 2024-04-16: Highest IV Rank — 14.9%
  • 2024-04-16: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.83$11.32$12.23$12.21$11.84
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV33.0%28.5%35.8%32.8%33.2%
Expected Move9.5%8.2%10.2%9.4%9.5%
HV 20d27.5%22.4%34.5%34.5%23.4%
HV 60d30.7%30.1%32.2%32.2%30.7%
IV Rank11.7%6.6%14.9%11.5%12.0%
IV Percentile8.4%1.6%19.8%4.4%11.1%
Term Structure6.7%-0.2%9.9%0.3%8.4%
VWIV36.7%30.6%92.8%32.8%33.4%
Skew 25d9.7%-12.2%226.7%0.3%3.9%
Skew 10d14.0%-21.4%320.9%1.1%4.5%
Call IV 25d33.9%28.3%38.6%31.7%33.4%
Put IV 25d43.6%22.6%259.7%32.0%37.3%
Bid-Ask Spread %46.3234.2956.2649.1445.54
Gamma HHI0.430.330.640.640.37
Net GEX131.4K58.1K262.6K262.6K95.2K
Net DEX-1.6M-2.8M-131.2K-2.8M-1.6M
Net VEX-23.8K-26.5K-21.9K-23.1K-24.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.006.900.060.05
Total Volume492.864202,9522,95263
Total OI23,362.90919,38225,98723,97520,232

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$12.21$12.5032.8%9.4%34.5%11.5%32.8%0.3%0.3%262.6K-2.8M-23.1K0.0649.142,77717519,6674,308
2024-04-02$12.14$12.5034.2%9.8%33.6%13.1%34.2%-0.7%-0.2%199.4K-2.5M-22.4K0.0947.962432119,0534,024
2024-04-03$12.23$12.5033.4%9.6%30.9%12.3%33.5%226.7%0.5%216.9K-2.7M-22.1K0.5648.211,54986819,0564,025
2024-04-04$12.16$12.5033.7%9.8%30.6%12.6%35.4%-10.1%7.4%177.6K-2.4M-26.5K0.2444.2544710719,4335,018
2024-04-05$12.14$12.5032.0%9.4%27.8%10.6%32.4%-0.4%8.4%194.6K-2.4M-26.1K0.3044.4843613019,6074,962
2024-04-08$12.09$12.5032.6%9.5%27.7%11.3%33.3%-10.5%7.7%205.5K-2.2M-25.4K0.0043.3864019,9624,981
2024-04-09$12.14$12.5032.3%9.2%27.9%11.0%92.8%-10.0%8.6%218.7K-2.4M-24.9K0.1444.543685219,9734,897
2024-04-10$11.89$12.5033.0%9.5%27.6%11.8%50.3%-11.3%8.4%175.5K-1.5M-24.1K0.9344.1022220720,2544,944
2024-04-11$11.89$12.5033.5%9.6%27.1%12.3%33.5%-4.6%7.0%142.9K-913.1K-23.5K0.0744.106374320,4075,041
2024-04-12$11.57$12.5033.7%9.7%27.8%12.6%31.6%-8.8%7.7%106.4K-530.3K-23.5K0.3744.2727110120,9105,038
2024-04-15$11.32$12.5034.7%9.9%27.0%13.6%35.1%4.7%7.8%74.6K-131.2K-22.1K6.9038.785940720,9475,040
2024-04-16$11.36$12.5035.8%10.2%27.2%14.9%35.9%1.4%6.4%83.8K-668.2K-22.9K0.8334.29121020,9374,803
2024-04-17$11.39$12.5035.0%10.0%27.3%14.1%35.2%-10.6%6.9%61.3K-616.6K-22.3K0.4845.30311520,9404,781
2024-04-18$11.41$12.5033.9%9.7%27.1%12.8%34.4%-8.0%8.1%63.1K-973.3K-22.2K0.7545.49846320,9534,497
2024-04-19$11.34$12.5028.5%8.2%23.1%6.6%30.6%-12.2%4.5%61.6K-922.9K-22.4K1.3545.3811415421,0124,558
2024-04-22$11.43$12.5031.5%9.0%23.9%10.1%31.5%-5.9%9.5%58.1K-712.7K-21.9K0.2645.481052715,3324,050
2024-04-23$11.89$12.5032.6%9.3%29.2%11.3%32.7%3.4%6.9%83.6K-1.6M-23.9K0.1854.4160310915,4204,112
2024-04-24$11.98$12.5032.6%9.4%28.0%11.3%32.7%11.2%7.5%101.3K-2.0M-25.4K0.1156.261331515,9694,219
2024-04-25$11.86$12.5033.9%9.7%28.0%12.7%33.9%18.0%7.5%95.2K-1.7M-24.9K3.2853.95185915,9704,204
2024-04-26$12.00$12.5030.9%8.9%22.4%9.4%31.0%28.2%9.9%104.5K-2.0M-25.0K0.0054.8420015,9694,253
2024-04-29$12.07$12.5031.8%9.1%22.5%10.4%31.8%8.2%8.9%109.3K-2.1M-24.9K0.2644.9519515,9714,255
2024-04-30$11.84$12.5033.2%9.5%23.4%12.0%33.4%3.9%8.4%95.2K-1.6M-24.0K0.0545.5460315,9764,256