CXM Options History — August 2025

In August 2025, CXM traded between $7.94 and $9.02. ATM implied volatility averaged 53.6%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 12.2% (HV 20d: 41.3%). 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 1 of 21 days. Put/call ratio averaged 0.43.

Notable Days

2025-08-18: Highest Volume — 523 contracts
2025-08-07: Largest IV spike — 67.8% change
2025-08-27: Highest IV Rank — 41.2%
2025-08-27: Largest Expected Move — 18.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.45	$7.94	$9.02	$8.59	$8.58
Max Pain	$7.62	$7.50	$10.00	$7.50	$7.50
ATM IV	53.6%	36.1%	65.7%	55.0%	60.7%
Expected Move	15.6%	11.8%	18.8%	15.8%	17.4%
HV 20d	41.3%	33.4%	47.1%	33.4%	44.6%
HV 60d	39.5%	37.3%	40.9%	37.3%	39.2%
IV Rank	30.8%	16.0%	41.2%	32.0%	36.9%
IV Percentile	71.4%	27.0%	90.9%	77.8%	85.3%
Term Structure	-7.5%	-19.2%	4.5%	-0.4%	-5.2%
VWIV	54.3%	46.9%	69.2%	49.0%	62.5%
Skew 25d	8.9%	-6.4%	31.2%	18.6%	-0.1%
Skew 10d	31.9%	6.5%	132.2%	26.0%	9.6%
Call IV 25d	49.0%	34.7%	63.3%	34.7%	63.3%
Put IV 25d	57.9%	46.4%	66.2%	53.2%	63.2%
Bid-Ask Spread %	47.69	29.66	80.96	80.96	32.19
Gamma HHI	0.46	0.43	0.49	0.46	0.44
Net GEX	37.1K	24.8K	61.8K	44.8K	38.7K
Net DEX	-1.1M	-1.6M	-733.9K	-1.2M	-1.1M
Net VEX	-10.5K	-12.2K	-9.2K	-11.5K	-10.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.43	0.00	4.52	0.06	0.07
Total Volume	76.905	8	523	18	46
Total OI	8,987.286	7,722	9,764	9,627	8,381

Daily Data (21 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
2025-08-01	$8.59	$7.50	55.0%	15.8%	33.4%	32.0%	0.0%	18.6%	-0.4%	44.8K	-1.2M	-11.5K	0.06	80.96	17	1	7,509	2,118
2025-08-04	$8.91	$10.00	37.2%	13.8%	35.2%	16.9%	49.0%	7.0%	-7.0%	57.0K	-1.5M	-12.2K	0.08	50.07	37	3	7,511	2,115
2025-08-05	$9.00	$7.50	36.4%	13.8%	35.4%	16.2%	48.4%	8.8%	-5.8%	61.7K	-1.6M	-12.2K	0.00	48.99	14	0	7,531	2,115
2025-08-06	$9.02	$7.50	36.1%	13.7%	34.7%	16.0%	48.0%	10.5%	-4.9%	61.8K	-1.6M	-12.1K	0.00	48.68	99	0	7,540	2,115
2025-08-07	$8.46	$7.50	60.6%	14.9%	41.3%	36.8%	51.5%	3.2%	-7.2%	36.0K	-1.0M	-10.5K	0.87	48.54	15	13	7,512	2,115
2025-08-08	$8.13	$7.50	38.5%	14.9%	39.4%	18.0%	51.8%	7.4%	-8.6%	25.0K	-805.4K	-9.7K	0.03	50.75	66	2	7,526	2,127
2025-08-11	$7.94	$7.50	45.0%	14.6%	39.9%	23.5%	50.8%	27.1%	-7.7%	24.8K	-733.9K	-9.2K	0.08	49.10	114	9	7,572	2,129
2025-08-12	$8.02	$7.50	65.3%	11.8%	40.0%	40.8%	0.0%	-6.4%	-6.9%	25.7K	-786.1K	-9.6K	0.00	79.51	21	0	7,582	2,134
2025-08-13	$8.25	$7.50	53.7%	15.4%	41.4%	31.0%	69.2%	24.7%	-10.2%	27.6K	-933.6K	-9.8K	0.00	63.46	8	0	7,600	2,134
2025-08-14	$8.05	$7.50	52.6%	15.1%	40.6%	30.0%	52.6%	25.9%	-19.2%	24.8K	-824.0K	-9.6K	0.00	47.68	39	0	7,599	2,134
2025-08-15	$8.27	$7.50	53.2%	15.3%	42.1%	30.5%	54.2%	1.6%	-2.1%	27.5K	-971.5K	-9.8K	0.46	52.16	13	6	7,630	2,134
2025-08-18	$8.34	$7.50	54.3%	15.6%	42.4%	31.4%	55.8%	1.8%	-1.3%	28.5K	-869.2K	-9.7K	0.12	38.63	467	56	5,938	1,784
2025-08-19	$8.32	$7.50	56.2%	16.1%	42.1%	33.1%	56.2%	4.5%	-6.5%	32.9K	-929.2K	-10.2K	4.52	32.31	56	253	6,401	1,838
2025-08-20	$8.25	$7.50	58.2%	16.7%	42.1%	34.7%	58.1%	3.8%	-9.9%	31.9K	-880.1K	-10.1K	0.63	29.66	16	10	6,405	1,839
2025-08-21	$8.29	$7.50	58.3%	16.7%	42.2%	34.8%	46.9%	4.0%	-9.1%	32.6K	-907.7K	-10.1K	0.33	32.87	6	2	6,407	1,839
2025-08-22	$8.73	$7.50	53.7%	15.4%	45.6%	30.9%	55.0%	0.1%	-1.9%	42.2K	-1.2M	-11.2K	0.40	41.12	25	10	6,409	1,840
2025-08-25	$8.55	$7.50	62.6%	18.0%	45.9%	38.5%	0.0%	4.8%	-16.5%	38.1K	-1.1M	-10.6K	0.00	41.41	10	0	6,427	1,847
2025-08-26	$8.38	$7.50	56.5%	16.2%	46.2%	33.3%	0.0%	5.8%	4.5%	34.5K	-964.0K	-10.0K	1.25	59.81	8	10	6,433	1,847
2025-08-27	$8.61	$7.50	65.7%	18.8%	46.7%	41.2%	0.0%	31.2%	-14.5%	39.4K	-1.1M	-10.5K	0.00	35.60	38	0	6,436	1,856
2025-08-28	$8.75	$7.50	64.9%	18.6%	47.1%	40.5%	58.3%	2.7%	-16.3%	43.4K	-1.3M	-11.1K	0.19	38.08	105	20	6,468	1,856
2025-08-29	$8.58	$7.50	60.7%	17.4%	44.6%	36.9%	62.5%	-0.1%	-5.2%	38.7K	-1.1M	-10.7K	0.07	32.19	43	3	6,505	1,876