CXM Options History — February 2026

In February 2026, CXM traded between $5.17 and $6.26. ATM implied volatility averaged 79.9%, placing in the 51.7% IV rank vs the trailing year. The 30-day expected move averaged 20.9%. IV traded above realized volatility by 35.3% (HV 20d: 44.6%). Max pain ranged from $5.00 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 1.60.

Notable Days

2026-02-03: Highest Volume — 67 contracts
2026-02-06: Largest IV spike — 91.0% change
2026-02-06: Highest IV Rank — 100.0%
2026-02-04: Largest Expected Move — 29.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.69	$5.17	$6.26	$6.26	$5.76
Max Pain	$5.39	$5.00	$7.50	$7.50	$5.00
ATM IV	79.9%	58.8%	139.2%	85.2%	62.8%
Expected Move	20.9%	16.5%	29.8%	24.4%	18.0%
HV 20d	44.6%	37.7%	55.0%	37.7%	53.3%
HV 60d	37.7%	33.3%	42.6%	33.3%	42.6%
IV Rank	51.7%	34.0%	100.0%	57.8%	37.2%
IV Percentile	90.7%	79.8%	100.0%	98.4%	79.8%
Term Structure	-10.5%	-58.1%	49.4%	-58.1%	5.4%
VWIV	80.4%	56.8%	153.9%	153.9%	72.8%
Skew 25d	9.3%	-64.6%	82.4%	12.8%	0.6%
Skew 10d	77.2%	0.8%	157.2%	83.3%	14.7%
Call IV 25d	76.1%	43.7%	122.8%	105.3%	75.3%
Put IV 25d	85.3%	57.0%	131.6%	118.1%	75.9%
Bid-Ask Spread %	90.55	69.65	114.05	82.70	86.12
Gamma HHI	0.41	0.36	0.45	0.45	0.40
Net GEX	6.7K	4.1K	10.4K	10.4K	6.5K
Net DEX	-187.4K	-339.5K	-64.2K	-307.1K	-269.5K
Net VEX	-3.6K	-4.6K	-2.8K	-4.4K	-3.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.60	0.00	11.00	0.00	0.04
Total Volume	22.526	1	67	10	53
Total OI	3,210.368	2,636	3,403	3,254	3,062

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
2026-02-02	$6.26	$7.50	85.2%	24.4%	37.7%	57.8%	0.0%	12.8%	-58.1%	10.4K	-307.1K	-4.4K	0.00	82.70	10	0	2,749	505
2026-02-03	$5.89	$7.50	80.3%	23.0%	41.8%	53.6%	153.9%	-64.6%	-38.7%	7.9K	-188.6K	-3.9K	0.52	70.85	44	23	2,746	501
2026-02-04	$6.06	$7.50	104.0%	29.8%	43.1%	73.7%	0.0%	82.4%	-22.6%	8.7K	-270.3K	-4.1K	0.38	69.65	26	10	2,764	503
2026-02-05	$5.94	$5.00	72.9%	19.4%	40.9%	47.3%	0.0%	-1.0%	46.8%	7.3K	-339.5K	-4.6K	0.00	111.14	1	0	2,777	510
2026-02-06	$6.00	$5.00	139.2%	27.9%	41.6%	100.0%	0.0%	23.4%	-18.2%	9.0K	-253.1K	-4.1K	0.00	114.05	2	0	2,778	491
2026-02-09	$5.84	$5.00	81.7%	18.7%	41.8%	52.8%	0.0%	19.4%	-14.0%	8.0K	-177.4K	-3.6K	0.00	103.83	3	0	2,780	491
2026-02-10	$5.92	$5.00	125.2%	16.5%	42.8%	88.5%	0.0%	-1.9%	-16.5%	8.3K	-202.8K	-3.7K	0.08	102.62	48	4	2,783	490
2026-02-11	$5.64	$5.00	68.3%	19.6%	42.6%	41.8%	0.0%	-17.6%	-25.9%	7.1K	-146.0K	-3.3K	2.46	99.67	13	32	2,828	494
2026-02-12	$5.41	$5.00	71.7%	20.6%	43.9%	44.6%	56.8%	25.6%	-18.8%	6.0K	-196.1K	-3.7K	0.54	90.16	26	14	2,841	517
2026-02-13	$5.50	$5.00	58.8%	16.9%	45.1%	34.0%	0.0%	13.9%	-7.7%	6.0K	-121.2K	-3.3K	6.00	77.66	2	12	2,867	520
2026-02-17	$5.55	$5.00	66.8%	19.2%	42.8%	40.6%	0.0%	-14.8%	-13.9%	6.2K	-109.2K	-3.2K	11.00	91.36	1	11	2,868	532
2026-02-18	$5.56	$5.00	67.8%	19.4%	42.9%	41.4%	0.0%	-16.1%	-15.0%	5.3K	-64.2K	-2.8K	1.00	91.32	1	1	2,869	533
2026-02-19	$5.59	$5.00	64.2%	18.4%	42.9%	38.4%	0.0%	-28.9%	49.4%	5.9K	-111.7K	-3.3K	3.00	93.43	1	3	2,869	534
2026-02-20	$5.61	$5.00	74.1%	21.2%	41.5%	46.5%	78.9%	-28.4%	-27.6%	5.0K	-86.6K	-2.9K	0.00	100.85	15	0	2,870	532
2026-02-23	$5.17	$5.00	67.1%	19.2%	48.7%	40.8%	67.1%	70.1%	-2.8%	4.1K	-119.3K	-2.8K	2.83	81.94	6	17	2,214	422
2026-02-24	$5.28	$5.00	67.6%	19.4%	49.3%	41.2%	67.6%	50.5%	-11.4%	4.4K	-143.5K	-3.0K	0.41	76.43	22	9	2,219	428
2026-02-25	$5.44	$5.00	69.8%	20.0%	50.3%	43.1%	69.8%	5.3%	-14.5%	5.0K	-187.6K	-3.5K	2.00	79.76	2	4	2,423	631
2026-02-26	$5.75	$5.00	90.3%	25.9%	55.0%	59.8%	75.9%	45.5%	3.9%	6.7K	-267.7K	-3.8K	0.20	96.95	10	2	2,425	631
2026-02-27	$5.76	$5.00	62.8%	18.0%	53.3%	37.2%	72.8%	0.6%	5.4%	6.5K	-269.5K	-3.7K	0.04	86.12	51	2	2,429	633