CXM Options History — November 2025

In November 2025, CXM traded between $6.92 and $7.64. ATM implied volatility averaged 54.7%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded above realized volatility by 32.8% (HV 20d: 21.9%). 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 4 of 19 days. Put/call ratio averaged 0.56.

Notable Days

2025-11-19: Highest Volume — 825 contracts
2025-11-12: Largest IV spike — 30.9% change
2025-11-28: Highest IV Rank — 52.0%
2025-11-28: Largest Expected Move — 22.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.30	$6.92	$7.64	$7.64	$7.26
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	54.7%	33.5%	78.5%	35.1%	78.5%
Expected Move	16.6%	10.1%	22.5%	10.1%	22.5%
HV 20d	21.9%	18.7%	27.3%	23.2%	26.5%
HV 60d	31.0%	23.0%	33.4%	33.4%	23.0%
IV Rank	31.8%	13.7%	52.0%	15.1%	52.0%
IV Percentile	67.9%	19.4%	95.6%	22.2%	95.6%
Term Structure	-7.6%	-23.1%	10.6%	3.9%	-19.6%
VWIV	62.2%	36.7%	78.4%	36.7%	78.4%
Skew 25d	40.0%	-6.0%	141.0%	101.8%	5.0%
Skew 10d	68.9%	-6.5%	238.7%	220.3%	10.1%
Call IV 25d	51.3%	38.6%	61.3%	38.6%	59.8%
Put IV 25d	91.3%	55.0%	181.8%	140.4%	64.8%
Bid-Ask Spread %	67.21	46.37	96.74	96.74	46.37
Gamma HHI	0.45	0.33	0.70	0.35	0.60
Net GEX	30.4K	10.3K	66.1K	19.0K	64.3K
Net DEX	-935.8K	-1.7M	-360.4K	-987.8K	-1.7M
Net VEX	-10.1K	-11.6K	-8.7K	-10.7K	-11.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.00	5.00	0.00	0.60
Total Volume	152.579	1	825	108	8
Total OI	11,187	10,331	13,304	10,444	12,731

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
2025-11-03	$7.64	$7.50	35.1%	10.1%	23.2%	15.1%	0.0%	101.8%	3.9%	19.0K	-987.8K	-10.7K	0.00	96.74	108	0	8,235	2,209
2025-11-04	$7.53	$7.50	36.7%	10.5%	20.3%	16.4%	36.7%	141.0%	10.6%	18.0K	-817.0K	-10.2K	4.11	71.62	9	37	8,137	2,209
2025-11-05	$7.53	$7.50	44.5%	12.8%	19.3%	23.1%	0.0%	50.3%	2.8%	13.0K	-743.5K	-9.7K	0.01	84.15	101	1	8,146	2,211
2025-11-06	$7.56	$7.50	36.8%	14.6%	19.3%	16.5%	50.8%	30.3%	-3.6%	18.9K	-826.3K	-10.2K	0.11	82.77	63	7	8,119	2,212
2025-11-07	$7.38	$7.50	33.5%	14.9%	18.7%	13.7%	0.0%	31.2%	-5.9%	16.5K	-682.3K	-9.9K	0.00	82.94	12	0	8,157	2,217
2025-11-10	$7.49	$7.50	38.5%	15.5%	18.9%	17.9%	0.0%	34.8%	-7.0%	18.9K	-760.1K	-9.8K	0.08	68.54	13	1	8,161	2,217
2025-11-11	$7.55	$7.50	40.1%	15.2%	19.1%	19.3%	52.8%	34.5%	-5.9%	18.6K	-820.4K	-9.9K	0.05	66.51	41	2	8,160	2,216
2025-11-12	$7.53	$7.50	52.4%	15.0%	19.1%	29.8%	0.0%	34.8%	-4.8%	17.6K	-755.3K	-9.8K	0.00	68.35	1	0	8,145	2,218
2025-11-13	$7.31	$7.50	53.5%	15.3%	21.8%	30.7%	53.5%	35.7%	-6.4%	14.8K	-595.6K	-9.4K	5.00	69.31	4	20	8,144	2,218
2025-11-14	$7.28	$7.50	54.1%	15.5%	21.5%	31.3%	0.0%	60.4%	-7.4%	13.3K	-508.4K	-9.3K	0.00	66.49	63	0	8,142	2,236
2025-11-17	$7.06	$7.50	59.3%	17.0%	21.5%	35.7%	59.3%	36.5%	-11.1%	10.3K	-360.4K	-8.7K	0.00	63.07	302	0	8,115	2,236
2025-11-18	$7.05	$7.50	63.4%	18.2%	21.3%	39.1%	63.4%	36.6%	-11.6%	14.4K	-389.5K	-8.8K	0.00	65.47	359	1	8,345	2,236
2025-11-19	$6.97	$7.50	67.5%	19.4%	21.4%	42.7%	67.6%	37.4%	-16.7%	18.7K	-393.9K	-9.0K	0.00	64.22	825	0	8,703	2,237
2025-11-20	$6.92	$7.50	66.1%	18.9%	21.4%	41.5%	66.1%	37.2%	-13.8%	53.2K	-1.1M	-10.8K	0.38	67.12	8	3	11,112	2,192
2025-11-21	$7.13	$7.50	69.0%	19.8%	24.7%	44.0%	69.0%	-6.0%	-15.5%	55.9K	-1.3M	-11.0K	0.11	48.01	62	7	11,119	2,131
2025-11-24	$7.06	$7.50	67.9%	19.5%	24.7%	43.0%	68.1%	1.0%	4.5%	65.1K	-1.6M	-11.6K	0.00	49.41	795	1	10,509	1,680
2025-11-25	$7.26	$7.50	68.9%	19.7%	27.3%	43.8%	68.7%	4.7%	-14.1%	66.1K	-1.7M	-11.2K	0.10	49.58	20	2	11,067	1,680
2025-11-26	$7.28	$7.50	73.8%	21.2%	26.5%	48.0%	73.8%	53.0%	-23.1%	61.5K	-1.7M	-11.1K	0.00	66.24	23	0	11,069	1,682
2025-11-28	$7.26	$7.50	78.5%	22.5%	26.5%	52.0%	78.4%	5.0%	-19.6%	64.3K	-1.7M	-11.4K	0.60	46.37	5	3	11,049	1,682