CXM Options History — January 2025

In January 2025, CXM traded between $8.23 and $9.32. ATM implied volatility averaged 38.0%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 1.4% (HV 20d: 36.6%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.13.

Notable Days

2025-01-30: Highest Volume — 434 contracts
2025-01-27: Largest IV spike — 58.6% change
2025-01-14: Highest IV Rank — 55.3%
2025-01-27: Largest Expected Move — 13.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.68	$8.23	$9.32	$8.52	$8.91
Max Pain	$7.63	$7.50	$10.00	$10.00	$7.50
ATM IV	38.0%	25.8%	60.8%	34.6%	25.8%
Expected Move	10.7%	7.4%	13.2%	9.9%	7.4%
HV 20d	36.6%	32.7%	40.8%	39.8%	37.5%
HV 60d	42.3%	39.8%	43.8%	39.8%	43.7%
IV Rank	22.1%	4.4%	55.3%	17.2%	4.4%
IV Percentile	43.7%	0.8%	90.5%	23.4%	0.8%
Term Structure	6.9%	-7.4%	58.8%	6.4%	15.8%
VWIV	38.8%	23.2%	71.2%	40.2%	44.5%
Skew 25d	4.1%	-11.8%	23.6%	3.9%	5.4%
Skew 10d	18.7%	-11.4%	73.5%	3.8%	8.5%
Call IV 25d	32.5%	20.5%	45.8%	31.3%	27.0%
Put IV 25d	36.6%	22.2%	55.5%	35.2%	32.5%
Bid-Ask Spread %	30.16	8.75	44.05	9.99	30.97
Gamma HHI	0.67	0.52	0.82	0.61	0.79
Net GEX	75.0K	38.4K	134.6K	62.5K	87.2K
Net DEX	-2.2M	-3.4M	-1.6M	-1.9M	-2.5M
Net VEX	-15.6K	-17.1K	-13.9K	-16.1K	-14.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.13	0.00	1.61	0.00	0.00
Total Volume	105.3	2	434	8	166
Total OI	26,168.4	24,223	27,890	27,336	24,647

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
2025-01-02	$8.52	$10.00	34.6%	9.9%	39.8%	17.2%	0.0%	3.9%	6.4%	62.5K	-1.9M	-16.1K	0.00	9.99	8	0	12,066	15,270
2025-01-03	$8.72	$7.50	39.7%	11.4%	34.9%	24.6%	0.0%	9.0%	-1.7%	88.5K	-2.3M	-16.3K	0.00	38.04	133	0	12,067	15,171
2025-01-06	$8.70	$7.50	45.7%	12.3%	34.8%	33.4%	40.2%	0.5%	1.9%	87.1K	-2.3M	-16.1K	0.02	38.46	207	4	12,110	15,171
2025-01-07	$8.29	$7.50	38.1%	11.7%	38.2%	22.4%	41.6%	-2.0%	6.4%	50.7K	-1.7M	-16.0K	0.04	35.24	76	3	12,519	15,175
2025-01-08	$8.59	$7.50	40.6%	12.1%	39.3%	26.0%	39.9%	-2.4%	1.2%	68.4K	-2.2M	-17.1K	0.00	44.05	11	0	12,535	15,173
2025-01-10	$8.30	$7.50	32.8%	12.1%	40.8%	14.6%	36.4%	13.6%	4.6%	47.5K	-1.7M	-15.7K	1.61	35.28	59	95	12,540	15,173
2025-01-13	$8.23	$7.50	43.8%	11.1%	38.5%	30.6%	34.9%	9.1%	9.5%	38.4K	-1.6M	-15.1K	0.04	31.87	101	4	12,573	15,193
2025-01-14	$8.48	$7.50	60.8%	11.7%	40.6%	55.3%	0.0%	10.5%	7.7%	57.5K	-2.0M	-15.5K	0.29	38.91	17	5	12,574	15,183
2025-01-15	$8.64	$7.50	43.3%	12.4%	40.2%	29.8%	30.7%	14.5%	0.9%	68.9K	-2.2M	-16.1K	0.03	38.21	112	3	12,578	15,182
2025-01-16	$8.61	$7.50	38.8%	11.1%	35.9%	23.3%	41.3%	-1.0%	58.8%	65.5K	-2.1M	-15.5K	0.33	32.05	40	13	12,670	15,182
2025-01-17	$8.54	$7.50	31.4%	9.0%	35.8%	12.6%	23.2%	-4.4%	2.2%	61.4K	-2.1M	-15.6K	0.08	30.40	59	5	12,707	15,183
2025-01-21	$8.61	$7.50	32.5%	9.3%	33.6%	14.1%	31.7%	-1.3%	-1.1%	65.4K	-2.1M	-15.1K	0.00	8.75	42	0	9,751	14,472
2025-01-22	$8.70	$7.50	40.0%	11.5%	33.0%	25.0%	0.0%	23.6%	0.0%	74.8K	-2.3M	-15.8K	0.00	8.80	2	0	9,821	14,472
2025-01-23	$8.79	$7.50	25.8%	7.4%	33.3%	4.4%	71.2%	8.5%	17.3%	72.0K	-2.2M	-14.1K	0.00	33.53	53	0	9,825	14,472
2025-01-24	$8.75	$7.50	29.0%	8.3%	32.7%	9.0%	23.5%	2.4%	17.3%	65.8K	-2.2M	-13.9K	0.15	30.89	34	5	9,850	14,472
2025-01-27	$8.98	$7.50	46.0%	13.2%	34.1%	33.8%	46.1%	9.7%	-7.4%	95.1K	-2.7M	-16.2K	0.04	11.65	224	10	9,844	14,474
2025-01-28	$9.32	$7.50	37.9%	10.9%	36.2%	22.0%	38.3%	-4.7%	-0.8%	134.6K	-3.4M	-16.5K	0.03	36.15	112	3	9,915	14,484
2025-01-29	$9.16	$7.50	37.3%	10.7%	35.2%	21.2%	38.0%	-1.2%	1.6%	120.0K	-3.0M	-16.0K	0.00	39.44	66	0	9,924	14,486
2025-01-30	$8.84	$7.50	35.9%	10.3%	37.8%	19.1%	44.5%	-11.8%	-2.8%	88.6K	-2.6M	-15.3K	0.00	30.54	432	2	9,978	14,486
2025-01-31	$8.91	$7.50	25.8%	7.4%	37.5%	4.4%	0.0%	5.4%	15.8%	87.2K	-2.5M	-14.3K	0.00	30.97	166	0	10,161	14,486