CXM Options History — March 2025

In March 2025, CXM traded between $8.05 and $9.36. ATM implied volatility averaged 48.2%, placing in the 38.5% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded below realized volatility by 5.3% (HV 20d: 53.5%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 3.27.

Notable Days

  • 2025-03-17: Highest Volume — 3,136 contracts
  • 2025-03-24: Largest IV drop — 63.6% change
  • 2025-03-10: Highest IV Rank — 100.0%
  • 2025-03-11: Largest Expected Move — 28.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.68$8.05$9.36$8.27$8.39
Max Pain$7.74$7.50$10.00$7.50$7.50
ATM IV48.2%17.4%93.4%71.8%34.0%
Expected Move14.9%7.4%28.6%20.6%9.0%
HV 20d53.5%28.2%68.9%28.2%68.7%
HV 60d42.2%33.5%47.4%35.3%47.4%
IV Rank38.5%0.0%100.0%71.4%21.9%
IV Percentile53.5%0.0%100.0%95.6%23.8%
Term Structure-1.2%-23.5%15.7%-15.5%-0.3%
VWIV54.7%28.5%99.8%68.4%28.5%
Skew 25d5.1%-14.3%17.8%2.8%-2.7%
Skew 10d19.2%-10.2%48.0%7.2%-1.6%
Call IV 25d42.0%19.6%70.5%69.0%32.3%
Put IV 25d47.1%25.4%79.7%71.9%29.6%
Bid-Ask Spread %46.5732.8568.4835.5668.48
Gamma HHI0.620.440.760.710.44
Net GEX78.3K45.1K133.4K47.6K61.6K
Net DEX-1.8M-2.4M-1.2M-1.2M-1.5M
Net VEX-15.2K-19.4K-11.1K-11.1K-16.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.270.0024.080.080.37
Total Volume450.28643,13614126
Total OI11,848.2389,06114,5369,06114,536

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$8.27$7.5071.8%20.6%28.2%71.4%68.4%2.8%-15.5%47.6K-1.2M-11.1K0.0835.56131106,6032,458
2025-03-04$8.46$7.5078.7%22.6%29.5%81.4%79.4%9.2%-23.5%54.0K-1.4M-11.5K0.3742.8989336,6982,468
2025-03-05$8.57$7.5080.6%23.1%29.5%84.2%82.3%8.8%-9.4%57.6K-1.5M-11.4K0.0135.0448176,7602,498
2025-03-06$8.29$7.5074.1%21.3%31.5%74.8%76.0%4.7%-2.7%53.9K-1.4M-12.2K0.4040.49527,2332,504
2025-03-07$8.40$7.5081.1%23.2%32.0%84.9%80.7%5.0%-5.3%55.8K-1.5M-12.6K0.0035.134007,2282,504
2025-03-10$8.19$7.5093.4%26.8%31.8%100.0%93.1%11.2%-5.6%50.2K-1.3M-12.1K2.1132.8536767,2552,504
2025-03-11$8.05$7.5062.9%28.6%29.2%56.8%99.8%17.8%-9.0%45.1K-1.2M-11.2K20.4564.27295937,2822,568
2025-03-12$9.36$7.5043.7%13.6%62.6%29.6%51.6%12.8%-0.8%96.6K-2.4M-13.8K0.4064.845652277,3093,162
2025-03-13$9.29$10.0045.9%12.1%62.3%32.7%46.0%11.6%-3.0%96.6K-2.3M-14.0K0.0437.93874397,4733,395
2025-03-14$9.09$10.0043.0%8.5%62.7%28.6%55.4%9.2%-2.6%79.1K-2.0M-13.4K0.9335.131101027,4213,378
2025-03-17$8.66$7.5035.4%12.3%64.7%17.8%37.7%-14.3%-0.2%60.1K-1.4M-11.8K0.0349.003,054827,4753,384
2025-03-18$8.80$7.5041.1%11.3%63.7%25.9%40.4%7.7%-2.7%88.0K-2.2M-19.4K16.3848.17813110,4443,413
2025-03-19$8.89$7.5033.7%11.0%63.9%15.4%43.3%-11.7%-2.7%91.6K-2.3M-19.4K0.6847.75221510,4503,326
2025-03-20$8.91$7.5037.7%10.5%63.7%21.2%36.6%10.4%-1.8%91.7K-2.3M-19.1K1.2945.38172210,4523,316
2025-03-21$8.57$7.5049.5%11.7%64.5%37.8%38.6%12.9%-11.2%78.4K-1.8M-17.3K0.0147.051,423810,4483,295
2025-03-24$8.93$7.5018.0%9.2%66.1%0.0%32.4%7.5%14.3%112.1K-2.3M-18.9K0.0148.29467611,1462,549
2025-03-25$9.11$7.5017.4%8.9%66.1%0.0%31.4%6.9%15.2%133.4K-2.4M-19.2K0.0250.3848111,3912,551
2025-03-26$8.89$7.5019.9%7.4%66.8%3.3%32.6%3.0%13.2%116.2K-2.2M-18.8K0.0048.7246011,4022,550
2025-03-27$8.77$7.5023.7%8.9%66.8%8.3%0.0%-0.3%15.7%104.8K-2.2M-19.1K1.0049.512211,4432,550
2025-03-28$8.36$7.5027.6%11.7%68.9%13.5%40.3%-5.1%11.9%70.8K-1.6M-16.7K24.0851.162560211,4432,548
2025-03-31$8.39$7.5034.0%9.0%68.7%21.9%28.5%-2.7%-0.3%61.6K-1.5M-16.6K0.3768.4819711,4183,118