CXM Options History — January 2026

In January 2026, CXM traded between $6.34 and $7.71. ATM implied volatility averaged 46.6%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 12.8% (HV 20d: 33.9%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.25.

Notable Days

2026-01-14: Highest Volume — 211 contracts
2026-01-30: Largest IV spike — 89.5% change
2026-01-13: Highest IV Rank — 54.8%
2026-01-30: Largest Expected Move — 23.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.02	$6.34	$7.71	$7.37	$6.38
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	46.6%	37.2%	81.8%	49.4%	80.3%
Expected Move	12.4%	10.4%	23.0%	14.2%	23.0%
HV 20d	33.9%	28.4%	41.4%	29.6%	41.4%
HV 60d	29.8%	27.1%	33.2%	27.3%	33.2%
IV Rank	24.9%	16.9%	54.8%	27.3%	53.5%
IV Percentile	55.8%	24.6%	98.0%	72.2%	96.0%
Term Structure	6.3%	-40.3%	81.9%	-2.9%	-40.3%
VWIV	40.8%	27.5%	50.7%	39.5%	27.5%
Skew 25d	31.0%	-10.5%	181.4%	19.3%	19.5%
Skew 10d	47.3%	-8.6%	209.8%	17.4%	57.9%
Call IV 25d	41.7%	28.8%	92.0%	44.6%	92.0%
Put IV 25d	72.6%	40.7%	210.1%	64.0%	111.5%
Bid-Ask Spread %	62.88	32.34	85.48	63.93	83.64
Gamma HHI	0.49	0.45	0.53	0.52	0.45
Net GEX	14.7K	9.7K	18.9K	17.9K	10.9K
Net DEX	-434.7K	-1.0M	144.4K	-532.7K	-324.6K
Net VEX	-5.5K	-6.7K	-4.2K	-6.5K	-4.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.00	1.67	0.95	0.00
Total Volume	56.65	0	211	113	5
Total OI	6,912.7	3,164	9,979	9,861	3,249

Daily Data (20 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
2026-01-02	$7.37	$7.50	49.4%	14.2%	29.6%	27.3%	39.5%	19.3%	-2.9%	17.9K	-532.7K	-6.5K	0.95	63.93	58	55	8,216	1,645
2026-01-05	$7.39	$7.50	42.8%	10.5%	29.2%	21.7%	36.5%	24.9%	6.6%	18.7K	-611.1K	-6.5K	0.03	67.15	105	3	8,257	1,696
2026-01-06	$7.51	$7.50	40.3%	10.6%	29.8%	19.5%	36.9%	25.0%	6.7%	17.4K	-650.9K	-6.6K	0.19	67.52	43	8	8,244	1,696
2026-01-07	$7.71	$7.50	41.5%	11.2%	31.4%	20.5%	0.0%	23.6%	3.8%	17.8K	-1.0M	-6.7K	0.28	67.46	43	12	8,236	1,701
2026-01-08	$7.69	$7.50	38.3%	10.4%	28.4%	17.8%	36.2%	22.7%	7.4%	18.3K	-961.5K	-6.6K	0.00	69.14	10	0	8,239	1,693
2026-01-09	$7.65	$7.50	38.9%	11.1%	28.4%	18.3%	0.0%	80.5%	5.3%	18.2K	-911.4K	-6.6K	0.00	73.28	0	0	8,239	1,693
2026-01-12	$7.62	$7.50	45.1%	10.8%	28.4%	23.6%	0.0%	25.0%	6.6%	18.9K	-876.8K	-6.3K	0.00	67.33	35	0	8,239	1,693
2026-01-13	$7.25	$7.50	81.8%	11.0%	32.9%	54.8%	38.4%	27.7%	4.9%	15.9K	-362.9K	-5.9K	0.00	70.57	37	0	8,257	1,693
2026-01-14	$7.14	$7.50	37.3%	10.7%	31.3%	17.0%	37.3%	10.6%	5.4%	13.6K	140.4K	-5.2K	0.03	62.26	205	6	8,262	1,694
2026-01-15	$7.00	$7.50	37.5%	10.7%	30.7%	17.1%	37.6%	10.2%	81.9%	13.7K	144.4K	-5.2K	0.29	48.55	7	2	8,283	1,696
2026-01-16	$6.63	$7.50	37.2%	10.7%	35.1%	16.9%	40.6%	0.6%	4.5%	11.9K	59.6K	-4.8K	0.21	64.81	43	9	8,288	1,498
2026-01-20	$6.59	$7.50	43.2%	12.4%	34.9%	22.0%	47.6%	0.6%	1.1%	12.0K	-339.7K	-4.7K	0.20	61.53	44	9	2,667	497
2026-01-21	$6.63	$7.50	49.4%	14.1%	35.2%	27.2%	50.7%	-10.5%	-4.6%	12.3K	-360.1K	-4.8K	0.15	58.21	26	4	2,687	503
2026-01-22	$6.79	$7.50	38.1%	10.9%	36.9%	17.6%	45.5%	1.7%	2.1%	13.2K	-380.5K	-4.9K	0.17	52.05	36	6	2,696	503
2026-01-23	$6.74	$7.50	45.8%	13.1%	36.8%	24.2%	43.4%	0.7%	4.8%	13.6K	-383.6K	-4.8K	1.67	53.85	6	10	2,717	508
2026-01-26	$6.83	$7.50	50.3%	14.4%	37.4%	28.1%	50.3%	151.0%	-1.8%	14.1K	-423.3K	-5.0K	0.00	52.86	64	0	2,719	513
2026-01-27	$6.55	$7.50	43.7%	12.5%	39.4%	22.4%	44.3%	0.7%	5.0%	12.7K	-319.0K	-4.5K	0.36	55.58	42	15	2,768	513
2026-01-28	$6.62	$7.50	49.7%	14.2%	39.5%	27.5%	27.5%	181.4%	18.3%	12.4K	-356.9K	-4.7K	0.00	85.48	141	0	2,791	528
2026-01-29	$6.34	$7.50	42.4%	12.1%	41.0%	21.3%	0.0%	4.0%	11.1%	9.7K	-229.9K	-4.2K	0.00	32.34	44	0	2,709	528
2026-01-30	$6.38	$7.50	80.3%	23.0%	41.4%	53.5%	0.0%	19.5%	-40.3%	10.9K	-324.6K	-4.5K	0.00	83.64	0	5	2,749	500