CXM Options History — May 2025

In May 2025, CXM traded between $7.67 and $8.52. ATM implied volatility averaged 57.3%, placing in the 39.0% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 17.3% (HV 20d: 40.0%). 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 2 of 21 days. Put/call ratio averaged 1.59.

Notable Days

  • 2025-05-16: Highest Volume — 774 contracts
  • 2025-05-12: Largest IV spike — 187.9% change
  • 2025-05-12: Highest IV Rank — 100.0%
  • 2025-05-29: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.17$7.67$8.52$7.80$8.48
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV57.3%29.2%134.8%41.0%64.9%
Expected Move15.5%11.3%19.5%11.8%18.6%
HV 20d40.0%27.4%72.8%72.8%30.6%
HV 60d59.2%58.5%59.7%59.1%59.5%
IV Rank39.0%15.6%100.0%31.1%40.5%
IV Percentile70.6%9.1%100.0%57.9%89.3%
Term Structure-5.9%-16.7%10.0%10.0%-10.7%
VWIV54.0%40.9%67.5%40.9%64.9%
Skew 25d11.9%-1.5%34.3%16.4%2.3%
Skew 10d48.0%23.6%114.4%80.2%30.3%
Call IV 25d50.3%32.2%62.3%41.6%62.3%
Put IV 25d62.2%51.0%83.9%58.0%64.6%
Bid-Ask Spread %72.9832.5596.1532.5580.10
Gamma HHI0.450.340.580.340.41
Net GEX25.8K1.8K41.3K12.0K36.4K
Net DEX-1.1M-1.4M-663.2K-860.3K-1.3M
Net VEX-12.7K-13.3K-11.6K-12.8K-13.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.590.0021.760.003.63
Total Volume136.762377418519
Total OI13,597.3817,44717,86017,8508,575

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$7.80$7.5041.0%11.8%72.8%31.1%40.9%16.4%10.0%12.0K-860.3K-12.8K0.0032.5518010,3117,539
2025-05-02$7.75$7.5042.8%12.3%67.5%33.5%42.8%30.3%6.8%10.5K-811.5K-12.9K0.0037.03107010,3217,539
2025-05-05$7.75$7.5048.3%14.7%61.1%40.7%51.2%17.4%-6.0%9.1K-736.3K-12.4K2.2973.6271610,2277,539
2025-05-06$7.67$7.5047.0%14.7%61.3%38.9%55.7%19.2%-6.7%6.3K-663.2K-11.7K0.0073.493010,2227,538
2025-05-07$7.76$7.5029.2%11.3%60.2%15.6%0.0%23.8%-6.7%1.8K-817.9K-11.6K0.0096.1516010,2237,538
2025-05-08$8.05$7.5032.1%14.3%41.1%19.4%0.0%34.3%-2.8%18.9K-1.1M-12.5K0.0078.9331010,2197,537
2025-05-09$8.00$7.5032.7%14.5%35.6%20.2%50.2%12.0%-3.3%16.5K-1.1M-13.0K0.1075.7710110,2047,537
2025-05-12$8.39$7.5094.2%14.3%34.3%100.0%48.2%2.9%-2.2%41.3K-1.3M-13.3K0.0280.0345110,2027,537
2025-05-13$8.52$7.50134.8%15.8%34.1%100.0%45.0%9.0%-6.7%32.7K-1.4M-13.2K0.0478.7124110,2267,536
2025-05-14$8.45$7.5052.7%15.1%34.0%30.1%0.0%7.3%-1.6%30.8K-1.4M-13.0K0.0080.6601010,2357,535
2025-05-15$8.48$7.5057.0%16.3%34.0%33.7%57.0%4.0%-12.1%30.5K-1.3M-12.8K0.1274.4117210,2357,525
2025-05-16$8.40$7.5053.3%15.3%34.4%30.5%52.8%22.6%-1.9%29.9K-1.3M-12.7K21.7670.153474010,2407,526
2025-05-19$8.34$7.5052.8%15.1%29.3%30.1%49.4%1.6%-5.0%29.1K-1.1M-12.8K0.0757.94436325,6431,804
2025-05-20$8.21$7.5055.6%15.9%29.6%32.6%58.2%0.4%-8.6%32.2K-1.1M-12.2K0.2176.2758126,0731,836
2025-05-21$8.04$7.5056.6%16.2%31.0%33.4%0.0%8.1%-8.4%29.1K-957.9K-12.1K0.0081.105506,1051,849
2025-05-22$8.23$7.5056.7%16.2%27.4%33.4%53.9%-1.5%-6.6%33.0K-1.1M-13.0K0.8678.73766,1381,852
2025-05-23$8.04$7.5059.7%17.1%28.9%36.0%59.7%32.7%-9.9%29.7K-980.8K-12.2K0.0773.974336,1431,858
2025-05-27$8.29$7.5062.1%17.8%30.5%38.1%59.6%1.9%-13.5%34.0K-1.1M-12.3K0.0277.1719836,1851,858
2025-05-28$8.43$7.5061.5%17.6%30.9%37.6%61.0%-1.1%-10.9%38.0K-1.2M-13.0K0.0080.133106,2871,860
2025-05-29$8.48$7.5068.1%19.5%30.8%43.2%67.5%6.1%-16.7%39.4K-1.3M-13.1K2.6875.751052816,3281,860
2025-05-30$8.48$7.5064.9%18.6%30.6%40.5%64.9%2.3%-10.7%36.4K-1.3M-13.3K3.6380.101124076,4342,141