CXM Options History — May 2024

In May 2024, CXM traded between $11.14 and $12.79. ATM implied volatility averaged 47.7%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 20.4% (HV 20d: 27.3%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.43.

Notable Days

  • 2024-05-03: Highest Volume — 2,522 contracts
  • 2024-05-15: Largest IV spike — 38.9% change
  • 2024-05-31: Highest IV Rank — 59.5%
  • 2024-05-31: Largest Expected Move — 21.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.17$11.14$12.79$11.96$11.14
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV47.7%31.3%74.9%33.2%74.9%
Expected Move14.5%9.0%21.5%9.5%21.5%
HV 20d27.3%23.5%31.1%23.5%31.1%
HV 60d29.7%27.7%31.4%30.3%28.2%
IV Rank28.5%9.8%59.5%11.9%59.5%
IV Percentile55.2%3.2%97.6%10.3%97.6%
Term Structure-5.0%-21.8%23.1%8.0%-21.8%
VWIV51.3%31.9%73.3%33.2%73.3%
Skew 25d3.5%-0.2%9.3%8.5%-0.2%
Skew 10d4.4%-9.9%20.7%10.9%-9.9%
Call IV 25d51.4%32.2%74.2%33.4%74.2%
Put IV 25d54.9%34.8%74.1%41.9%74.0%
Bid-Ask Spread %61.2348.9577.8359.4549.15
Gamma HHI0.450.330.540.380.33
Net GEX50.0K-131.3K106.4K106.4K69.7K
Net DEX-2.1M-3.5M-1.1M-1.8M-1.1M
Net VEX-26.0K-28.6K-23.6K-24.3K-24.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.430.007.113.481.19
Total Volume498.81872,52294583
Total OI18,542.04512,75323,43520,29315,492

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$11.96$12.5033.2%9.5%23.5%11.9%33.2%8.5%8.0%106.4K-1.8M-24.3K3.4859.45217316,0344,259
2024-05-02$11.86$12.5031.3%9.0%23.6%9.8%31.9%2.6%9.9%98.5K-1.4M-23.6K0.0251.0157116,0414,311
2024-05-03$11.95$12.5034.2%9.8%23.8%13.1%33.9%9.3%8.2%102.1K-1.7M-24.1K6.7656.833252,19716,0454,312
2024-05-06$12.29$12.5031.7%12.4%25.9%10.3%46.7%3.1%-2.7%38.4K-1.3M-26.1K0.3374.95933115,9785,507
2024-05-07$12.79$12.5034.9%12.3%29.4%13.9%43.6%5.0%-0.7%50.9K-3.5M-26.1K0.0477.832241016,0015,529
2024-05-08$12.73$12.5034.5%12.4%28.2%13.5%43.3%3.5%-1.5%44.7K-3.4M-26.1K0.0060.951,331216,0605,528
2024-05-09$12.43$12.5033.7%12.4%29.8%12.6%44.5%3.4%-2.5%53.3K-2.7M-28.5K0.1355.22831117,1955,530
2024-05-10$12.21$12.5031.5%12.1%28.7%10.1%43.7%2.2%-2.1%46.3K-1.5M-27.4K4.5766.8573217,1995,530
2024-05-13$12.18$12.5041.4%12.6%27.3%21.3%43.8%2.3%-3.5%44.7K-1.4M-26.1K0.1770.116117,1975,562
2024-05-14$12.30$12.5035.7%12.7%27.4%14.9%49.9%1.4%-3.2%47.1K-1.9M-28.6K7.1162.905438417,6965,563
2024-05-15$12.45$12.5049.7%14.2%27.6%30.7%49.9%2.3%-8.1%35.0K-2.8M-28.5K0.2565.232797017,7035,697
2024-05-16$12.46$12.5051.9%14.9%27.6%33.3%52.0%0.7%23.1%14.7K-2.9M-28.3K1.0161.9556456917,7115,724
2024-05-17$12.48$12.5051.1%14.7%27.3%32.4%53.2%0.3%-7.7%-131.3K-2.3M-26.7K0.0963.322582217,3635,915
2024-05-20$12.64$12.5053.6%15.4%27.5%35.2%53.8%3.3%-8.2%73.8K-2.7M-27.4K0.5764.98125719,0793,674
2024-05-21$12.29$12.5054.5%15.6%26.7%36.3%55.1%3.9%-10.4%67.2K-2.5M-25.4K3.1458.2229919,1613,760
2024-05-22$12.21$12.5058.0%16.6%26.7%40.2%58.0%2.4%-12.4%59.0K-2.1M-26.1K0.0048.9542619,1843,839
2024-05-23$11.98$12.5057.4%16.4%27.4%39.5%57.4%2.9%-10.3%56.6K-1.9M-25.9K1.2860.6518239,3303,840
2024-05-24$12.09$12.5058.9%16.9%27.3%41.2%59.0%7.2%-12.5%60.4K-2.0M-26.0K0.0165.7616329,3143,841
2024-05-28$11.93$12.5063.7%18.3%27.6%46.7%64.5%6.6%-16.1%58.7K-1.8M-24.6K0.8560.551241059,4843,843
2024-05-29$11.91$12.5063.9%18.3%26.7%46.9%67.1%3.2%-15.7%57.1K-1.8M-24.6K0.3562.9066239,4863,908
2024-05-30$11.48$12.5069.9%20.0%29.5%53.7%70.2%2.8%-20.3%45.8K-1.1M-23.6K0.1349.252,1342859,5703,930
2024-05-31$11.14$12.5074.9%21.5%31.1%59.5%73.3%-0.2%-21.8%69.7K-1.1M-24.7K1.1949.1526631711,3004,192