CNP Options History — June 2014

In June 2014, CNP traded between $23.81 and $25.54. ATM implied volatility averaged 19.0%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 6.4% (HV 20d: 12.7%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.71.

Notable Days

  • 2014-06-19: Highest Volume — 28,267 contracts
  • 2014-06-16: Largest IV spike — 44.7% change
  • 2014-06-30: Highest IV Rank — 39.1%
  • 2014-06-23: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.46$23.81$25.54$24.08$25.54
Max Pain$23.13$22.50$25.00$22.50$25.00
ATM IV19.0%13.3%26.2%15.8%26.2%
Expected Move5.7%5.5%6.1%5.6%5.9%
HV 20d12.7%10.9%14.0%14.0%13.7%
HV 60d13.6%12.5%14.1%13.8%14.1%
IV Rank17.0%0.0%39.1%6.0%39.1%
IV Percentile25.8%0.0%64.7%5.6%64.7%
Term Structure0.6%-2.8%2.2%1.2%-2.5%
VWIV20.4%19.2%21.4%20.6%19.2%
Skew 25d0.7%-2.1%4.9%-1.1%-2.1%
Skew 10d-1.9%-10.4%5.4%-10.4%-7.3%
Call IV 25d19.1%9.9%28.0%15.9%28.0%
Put IV 25d19.8%14.5%25.8%14.8%25.8%
Bid-Ask Spread %33.4922.8469.5434.1069.54
Gamma HHI0.430.290.710.320.71
Net GEX5.1M3.5M7.4M3.8M6.6M
Net DEX-79.3M-125.3M-57.6M-62.8M-125.3M
Net VEX-183.3K-215.1K-156.9K-171.8K-202.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.0031.340.070.00
Total Volume4,981.5716328,26750012,372
Total OI70,578.71458,38389,28058,38389,280

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-06-02$24.08$22.5015.8%5.6%14.0%6.0%0.0%-1.1%1.2%3.8M-62.8M-171.8K0.0734.10N/AN/A4683244,84913,534
2014-06-03$24.02$22.5016.4%5.6%13.7%7.7%0.0%4.2%-0.3%4.0M-61.5M-168.0K0.0528.10N/AN/A165845,11013,566
2014-06-04$23.94$22.5015.7%5.6%13.4%5.5%0.0%3.2%0.6%4.1M-59.4M-166.2K0.0029.67N/AN/A63045,15713,566
2014-06-05$24.10$22.5014.8%5.6%13.0%2.7%20.6%4.9%1.7%4.0M-62.7M-164.2K0.0130.61N/AN/A3,3512745,19013,566
2014-06-06$24.05$22.5014.1%5.6%12.8%0.6%0.0%-0.1%1.9%4.2M-63.9M-156.9K0.0429.58N/AN/A113545,27813,578
2014-06-09$23.93$22.5015.8%5.5%11.4%5.7%0.0%1.7%1.3%4.3M-60.5M-158.3K31.3428.83N/AN/A682,13145,38113,569
2014-06-10$23.89$22.5013.3%5.5%10.9%0.0%0.0%2.1%1.7%4.2M-57.7M-170.5K0.3328.35N/AN/A1,26341645,39915,696
2014-06-11$23.81$22.5014.2%5.5%11.0%2.8%20.3%2.2%2.1%4.5M-57.6M-173.1K1.2628.69N/AN/A587346,60316,112
2014-06-12$23.95$22.5015.6%5.5%11.1%6.9%0.0%1.8%2.1%4.4M-60.3M-168.6K0.5429.42N/AN/A542946,65416,176
2014-06-13$24.01$22.5014.9%5.5%10.9%5.0%20.1%1.3%2.1%4.4M-61.9M-164.5K0.5331.38N/AN/A552946,69916,205
2014-06-16$24.63$22.5021.6%5.8%13.2%25.4%20.2%-0.2%-0.2%3.5M-75.8M-161.3K0.0135.53N/AN/A13,8507446,73116,226
2014-06-17$24.48$22.5021.3%5.7%11.9%24.5%21.1%0.9%0.3%5.1M-79.9M-193.6K1.1722.84N/AN/A1,1091,29756,66216,270
2014-06-18$24.77$22.5020.4%6.0%12.4%21.6%0.0%0.9%1.4%5.0M-89.8M-187.6K0.1529.86N/AN/A97514756,97817,546
2014-06-19$24.97$22.5019.6%5.7%12.5%19.2%20.1%0.5%2.2%5.1M-96.1M-174.8K0.0030.14N/AN/A28,13013757,15417,611
2014-06-20$24.58$22.5024.9%5.9%13.3%35.2%0.0%-1.0%-1.8%6.1M-97.3M-215.1K0.0943.77N/AN/A10,85694167,43417,735
2014-06-23$24.61$0.0025.4%6.1%13.0%36.7%21.4%-0.6%-2.8%5.8M-82.8M-211.3K0.1639.07N/AN/A2,69743662,49117,611
2014-06-24$24.76$25.0023.8%5.9%13.1%31.8%0.0%-0.6%-0.6%6.2M-87.0M-211.6K0.1636.27N/AN/A2,52139763,50817,855
2014-06-25$25.06$25.0020.4%5.7%13.6%21.5%0.0%0.1%1.5%7.4M-98.3M-207.7K0.0635.99N/AN/A2,86916365,64818,251
2014-06-26$25.16$25.0022.2%5.7%13.6%27.1%19.2%-1.3%0.4%6.9M-106.9M-209.4K0.0131.10N/AN/A14,40917567,59318,401
2014-06-27$25.36$25.0023.6%5.7%13.7%31.3%0.0%-1.1%-0.6%7.0M-117.6M-213.3K0.0330.36N/AN/A2,5747670,72818,552
2014-06-30$25.54$25.0026.2%5.9%13.7%39.1%0.0%-2.1%-2.5%6.6M-125.3M-202.4K0.0069.54N/AN/A12,3353770,72818,552