CXM Options History — April 2025

In April 2025, CXM traded between $6.83 and $8.52. ATM implied volatility averaged 46.8%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 25.9% (HV 20d: 72.7%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 16.36.

Notable Days

  • 2025-04-04: Highest Volume — 1,660 contracts
  • 2025-04-07: Largest IV spike — 107.6% change
  • 2025-04-07: Highest IV Rank — 91.5%
  • 2025-04-07: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.47$6.83$8.52$8.52$7.69
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV46.8%28.1%87.0%43.4%45.5%
Expected Move12.7%8.1%17.3%9.5%13.0%
HV 20d72.7%68.3%77.1%68.4%72.5%
HV 60d56.1%47.3%59.5%47.5%59.1%
IV Rank38.8%14.1%91.5%34.2%37.0%
IV Percentile63.1%6.3%99.2%68.7%67.9%
Term Structure3.9%-9.2%18.2%9.1%4.5%
VWIV47.8%20.8%80.5%20.8%45.5%
Skew 25d26.8%-12.7%75.0%25.8%44.3%
Skew 10d52.3%-17.0%217.1%34.4%97.0%
Call IV 25d42.5%25.0%55.6%28.8%43.8%
Put IV 25d69.3%40.6%115.0%54.6%88.1%
Bid-Ask Spread %48.0412.3472.7763.7452.51
Gamma HHI0.340.290.500.500.34
Net GEX21.1K3.3K82.7K82.7K13.3K
Net DEX-629.0K-1.6M-69.9K-1.6M-744.2K
Net VEX-12.5K-16.9K-9.8K-16.9K-12.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio16.360.00137.330.2443.33
Total Volume306.85721,66042133
Total OI17,205.71414,54219,02414,54217,784

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$8.52$7.5043.4%9.5%68.4%34.2%20.8%25.8%9.1%82.7K-1.6M-16.9K0.2463.7434811,4243,118
2025-04-02$8.46$7.5043.8%11.9%68.3%34.7%0.0%15.7%2.7%71.5K-1.5M-16.2K1.0050.901111,4323,121
2025-04-03$7.83$7.5051.9%12.9%72.7%45.3%45.1%42.0%1.3%38.8K-951.4K-14.2K14.2549.0645711,4333,120
2025-04-04$7.25$7.5041.9%16.0%77.0%32.2%77.9%15.6%-2.1%22.1K-568.4K-13.5K137.3344.00121,64811,4333,113
2025-04-07$7.24$7.5087.0%17.3%76.7%91.5%80.5%26.8%-5.3%26.8K-605.2K-13.6K47.7027.791047711,4344,219
2025-04-08$7.03$7.5073.1%15.7%77.1%73.3%48.0%-4.7%-5.1%16.0K-371.1K-12.0K61.8854.38241,48511,4414,679
2025-04-09$7.99$7.5048.3%13.8%71.1%40.6%39.3%24.1%2.3%43.7K-1.0M-14.2K0.2651.84391011,4616,158
2025-04-10$7.56$7.5033.1%9.5%73.1%20.7%52.8%-12.7%15.7%11.0K-587.7K-12.0K0.0072.77087211,4776,150
2025-04-11$7.23$7.5051.1%14.6%74.0%44.3%53.3%-0.3%-1.3%14.3K-300.7K-11.0K17.3249.483865811,4777,010
2025-04-14$7.20$7.5028.1%8.1%72.7%14.1%0.0%11.4%18.2%3.3K-247.4K-11.0K0.0072.289011,5057,508
2025-04-15$7.13$7.5047.1%13.5%72.1%39.1%46.4%14.5%-1.4%10.4K-285.9K-11.6K0.0149.78132111,5147,490
2025-04-16$7.15$7.5048.0%13.8%71.9%40.3%48.1%3.5%0.8%12.8K-389.5K-11.7K1.1112.34182011,5247,491
2025-04-17$7.13$7.5044.1%12.6%71.8%35.1%44.1%5.0%-9.2%9.3K-305.3K-10.9K0.1231.561471711,5347,490
2025-04-21$6.83$7.5048.0%13.8%72.0%40.3%48.0%41.5%4.0%5.1K-69.9K-9.8K0.0223.14195410,0647,458
2025-04-22$7.04$7.5043.8%12.5%71.0%34.7%43.8%50.8%6.8%7.1K-234.8K-10.3K0.0151.7199110,2077,459
2025-04-23$7.17$7.5046.6%13.4%70.9%38.5%46.7%54.6%6.2%9.8K-423.4K-11.7K0.2947.481343910,2107,459
2025-04-24$7.53$7.5040.6%11.6%74.0%30.5%40.6%48.4%6.9%11.6K-706.5K-12.8K1.3348.1791210,2747,453
2025-04-25$7.63$7.5037.0%10.6%74.3%25.8%45.3%41.2%10.3%10.4K-743.9K-12.8K0.2351.5213310,2767,450
2025-04-28$7.66$7.5042.9%12.3%72.8%33.5%42.8%41.4%7.7%12.9K-727.0K-12.2K0.0950.7423210,2867,448
2025-04-29$7.70$7.5038.8%11.1%72.8%28.2%38.8%75.0%10.7%10.8K-760.2K-12.1K0.7753.76312410,2877,449
2025-04-30$7.69$7.5045.5%13.0%72.5%37.0%45.5%44.3%4.5%13.3K-744.2K-12.1K43.3352.51313010,3147,470