CXM Options History — February 2025

In February 2025, CXM traded between $8.41 and $9.27. ATM implied volatility averaged 45.9%, placing in the 33.6% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 13.3% (HV 20d: 32.6%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.78.

Notable Days

2025-02-18: Highest Volume — 721 contracts
2025-02-07: Largest IV spike — 25.5% change
2025-02-28: Highest IV Rank — 71.9%
2025-02-28: Largest Expected Move — 20.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.89	$8.41	$9.27	$8.80	$8.41
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	45.9%	23.4%	72.1%	26.5%	72.1%
Expected Move	13.4%	6.7%	20.7%	7.6%	20.7%
HV 20d	32.6%	28.0%	37.8%	37.8%	28.0%
HV 60d	37.0%	35.0%	43.8%	43.8%	35.4%
IV Rank	33.6%	0.9%	71.9%	5.5%	71.9%
IV Percentile	55.7%	0.4%	96.4%	1.6%	96.4%
Term Structure	0.1%	-17.7%	17.3%	16.6%	-15.7%
VWIV	48.4%	30.9%	65.4%	33.9%	65.4%
Skew 25d	5.9%	-7.2%	15.0%	7.5%	7.2%
Skew 10d	28.2%	-4.5%	128.8%	11.0%	65.1%
Call IV 25d	45.5%	26.0%	64.4%	26.5%	64.4%
Put IV 25d	51.3%	31.6%	71.6%	34.0%	71.6%
Bid-Ask Spread %	47.47	6.58	63.84	8.23	58.64
Gamma HHI	0.75	0.68	0.84	0.75	0.72
Net GEX	76.6K	47.3K	116.5K	75.2K	52.5K
Net DEX	-2.3M	-2.9M	-1.4M	-2.3M	-1.4M
Net VEX	-13.4K	-15.2K	-11.7K	-13.8K	-11.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.00	11.43	0.17	0.11
Total Volume	189.895	10	721	28	10
Total OI	20,880.842	8,519	25,796	24,661	9,061

Daily Data (19 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
2025-02-03	$8.80	$7.50	26.5%	7.6%	37.8%	5.5%	33.9%	7.5%	16.6%	75.2K	-2.3M	-13.8K	0.17	8.23	24	4	10,175	14,486
2025-02-04	$8.91	$7.50	23.4%	6.7%	37.2%	0.9%	41.1%	8.7%	17.3%	83.2K	-2.4M	-13.9K	0.00	6.58	14	0	10,178	14,489
2025-02-05	$8.86	$7.50	27.8%	8.0%	37.3%	7.3%	30.9%	3.5%	10.9%	79.7K	-2.4M	-13.7K	0.38	30.88	16	6	10,164	14,489
2025-02-06	$8.88	$7.50	26.5%	9.2%	32.4%	5.4%	0.0%	3.9%	4.7%	80.5K	-2.4M	-13.6K	0.01	61.33	79	1	10,179	14,494
2025-02-07	$8.64	$7.50	33.2%	12.0%	31.9%	15.2%	42.8%	2.9%	6.5%	47.3K	-2.1M	-12.6K	0.00	63.84	424	2	10,209	14,494
2025-02-10	$8.93	$7.50	38.5%	10.8%	31.1%	22.9%	38.0%	6.5%	6.2%	93.3K	-2.6M	-14.3K	0.01	52.93	335	2	10,579	14,495
2025-02-11	$9.02	$7.50	35.0%	10.1%	30.8%	17.8%	0.0%	10.0%	9.5%	103.4K	-2.8M	-14.9K	0.00	53.63	92	0	10,695	14,497
2025-02-12	$9.21	$7.50	37.9%	10.9%	30.0%	22.1%	38.0%	-5.8%	6.1%	116.5K	-2.9M	-15.2K	0.00	51.98	257	1	10,756	14,497
2025-02-13	$9.13	$7.50	39.7%	11.4%	29.8%	24.6%	39.8%	-7.2%	4.5%	104.0K	-2.8M	-14.7K	0.05	52.71	84	4	10,886	14,497
2025-02-14	$8.96	$7.50	44.3%	12.7%	30.7%	31.3%	44.5%	4.5%	-0.4%	96.0K	-2.7M	-14.8K	0.00	53.23	619	1	10,930	14,501
2025-02-18	$9.27	$7.50	52.1%	14.9%	32.5%	42.8%	52.1%	14.4%	-6.7%	110.7K	-2.8M	-13.7K	2.00	56.57	240	481	10,748	14,502
2025-02-19	$9.27	$7.50	54.6%	15.7%	32.5%	46.4%	54.7%	15.0%	-10.4%	65.0K	-2.7M	-13.6K	0.15	55.02	82	12	10,814	14,982
2025-02-20	$9.13	$7.50	54.7%	15.7%	33.0%	46.6%	54.7%	9.4%	-12.2%	62.8K	-2.5M	-13.1K	0.25	57.05	44	11	10,832	14,962
2025-02-21	$8.89	$7.50	57.4%	16.5%	34.4%	50.4%	57.5%	8.5%	-7.7%	57.5K	-2.4M	-12.8K	0.17	49.78	90	15	10,840	14,954
2025-02-24	$8.77	$7.50	55.9%	16.0%	34.8%	48.3%	56.7%	9.1%	-7.9%	55.5K	-1.6M	-12.1K	0.00	56.54	441	0	6,218	2,301
2025-02-25	$8.64	$7.50	56.5%	16.2%	33.8%	49.2%	0.0%	3.6%	8.5%	58.1K	-1.6M	-12.1K	0.00	44.15	25	0	6,585	2,301
2025-02-26	$8.63	$7.50	70.8%	20.3%	30.4%	69.9%	60.8%	8.1%	-17.7%	57.7K	-1.6M	-12.1K	11.43	34.08	14	160	6,590	2,297
2025-02-27	$8.51	$7.50	64.3%	18.4%	30.3%	60.5%	63.6%	1.4%	-9.9%	55.6K	-1.5M	-11.8K	0.06	54.83	17	1	6,602	2,457
2025-02-28	$8.41	$7.50	72.1%	20.7%	28.0%	71.9%	65.4%	7.2%	-15.7%	52.5K	-1.4M	-11.7K	0.11	58.64	9	1	6,604	2,457