CXM Options History — December 2025

In December 2025, CXM traded between $7.24 and $8.05. ATM implied volatility averaged 43.9%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 13.6% (HV 20d: 30.3%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.36.

Notable Days

  • 2025-12-02: Highest Volume — 1,064 contracts
  • 2025-12-03: Largest IV drop — 45.7% change
  • 2025-12-02: Highest IV Rank — 56.8%
  • 2025-12-02: Largest Expected Move — 24.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.80$7.24$8.05$7.24$7.80
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV43.9%35.0%84.1%71.2%36.3%
Expected Move12.4%10.0%24.1%20.4%10.4%
HV 20d30.3%22.2%33.4%25.2%22.2%
HV 60d25.3%23.0%26.1%23.0%25.7%
IV Rank22.6%15.0%56.8%45.8%16.1%
IV Percentile48.7%21.0%98.0%92.5%22.2%
Term Structure-2.7%-26.7%3.1%-16.6%1.8%
VWIV45.4%36.3%85.0%70.8%37.3%
Skew 25d26.0%-9.0%88.1%50.5%10.7%
Skew 10d86.9%-13.7%207.8%76.4%199.0%
Call IV 25d37.8%28.1%90.1%67.5%39.0%
Put IV 25d63.8%37.8%124.5%118.0%49.7%
Bid-Ask Spread %60.1528.6385.1247.8453.41
Gamma HHI0.650.450.860.690.47
Net GEX75.0K19.6K147.7K69.1K20.2K
Net DEX-2.3M-3.6M-897.3K-1.6M-1.1M
Net VEX-8.6K-11.4K-6.8K-10.6K-6.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.001.840.040.06
Total Volume200.59111,06425139
Total OI12,656.5919,82514,28012,7379,825

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$7.24$7.5071.2%20.4%25.2%45.8%70.8%50.5%-16.6%69.1K-1.6M-10.6K0.0447.842411011,0541,683
2025-12-02$7.63$7.5084.1%24.1%31.9%56.8%85.0%-9.0%-26.7%72.4K-2.3M-11.4K0.9136.8155750711,2721,693
2025-12-03$7.74$7.5045.6%13.1%31.8%24.1%45.7%8.5%-4.7%113.3K-2.7M-11.1K0.2128.6382717011,6982,515
2025-12-04$7.83$7.5046.9%11.5%32.0%25.1%39.9%11.7%1.0%111.6K-2.8M-10.5K0.2049.2576415311,6922,588
2025-12-05$7.74$7.5042.8%11.0%32.3%21.6%38.5%30.5%-0.5%124.1K-2.6M-10.1K0.0368.343871311,5772,598
2025-12-08$7.76$7.5041.8%12.4%30.9%20.8%0.0%25.5%-13.6%127.2K-2.8M-10.2K0.5485.12372011,5592,609
2025-12-09$8.04$7.5046.5%11.7%32.8%24.8%40.9%34.0%-0.3%113.5K-3.2M-9.5K0.8066.18614911,5282,596
2025-12-10$8.05$7.5040.1%11.5%32.8%19.3%40.0%18.5%1.5%93.4K-3.5M-8.9K1.8479.28254611,5142,639
2025-12-11$8.02$7.5037.5%10.8%32.8%17.1%0.0%9.7%2.8%89.2K-3.6M-8.7K0.0069.203011,5142,625
2025-12-12$8.02$7.5041.4%11.9%30.5%20.5%0.0%15.0%-1.6%89.3K-3.5M-8.6K0.0365.2135111,5152,622
2025-12-15$7.75$7.5040.2%11.5%33.4%19.4%40.2%76.6%-1.4%147.7K-2.7M-8.6K0.2965.1014411,5102,623
2025-12-16$7.89$7.5040.9%11.7%31.2%20.0%0.0%25.5%0.2%118.3K-3.3M-8.1K0.0067.971011,4992,585
2025-12-17$7.88$7.5041.5%11.9%31.2%20.5%0.0%25.6%-2.1%122.7K-3.3M-8.0K0.6264.43211311,4992,585
2025-12-18$7.89$7.5037.6%10.8%30.6%17.2%0.0%13.5%0.7%99.3K-3.5M-7.7K0.0064.1611011,5152,589
2025-12-19$7.78$7.5036.7%10.5%31.1%16.5%36.9%24.8%1.1%20.6K-3.4M-7.5K0.0558.1761311,5062,589
2025-12-22$7.79$7.5036.4%10.4%29.8%16.2%36.3%19.4%-1.3%20.3K-1.0M-7.3K0.0064.4122118,1901,647
2025-12-23$7.70$7.5035.0%10.0%29.9%15.0%0.0%6.5%3.1%19.6K-919.6K-7.3K0.0045.57108,1871,648
2025-12-24$7.71$7.5037.8%10.8%28.6%17.4%37.8%88.1%-1.6%19.7K-898.9K-7.2K0.9147.9411108,1881,648
2025-12-26$7.72$7.5047.9%13.7%28.6%26.0%0.0%23.0%-4.1%19.8K-897.3K-7.0K0.5964.1117108,1831,648
2025-12-29$7.79$7.5040.3%11.6%28.6%19.5%40.3%63.0%1.0%19.9K-1.0M-7.0K0.3864.5326108,1851,659
2025-12-30$7.84$7.5037.3%10.7%28.5%17.0%37.3%-0.1%2.9%20.0K-1.1M-6.8K0.0667.663128,1871,659
2025-12-31$7.80$7.5036.3%10.4%22.2%16.1%0.0%10.7%1.8%20.2K-1.1M-6.8K0.0053.410398,2161,609