CNP Options History — January 2019

In January 2019, CNP traded between $27.91 and $30.84. ATM implied volatility averaged 17.4%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 1.7% (HV 20d: 19.1%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2019-01-25: Highest Volume — 2,495 contracts
  • 2019-01-22: Largest IV spike — 23.2% change
  • 2019-01-02: Highest IV Rank — 60.2%
  • 2019-01-02: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.42$27.91$30.84$27.91$30.84
Max Pain$27.90$27.00$29.00$27.00$29.00
ATM IV17.4%13.6%22.9%22.9%13.6%
Expected Move5.0%4.0%6.6%6.6%4.3%
HV 20d19.1%13.3%22.6%20.9%13.4%
HV 60d17.7%17.1%18.4%18.2%17.5%
IV Rank26.3%3.0%60.2%60.2%3.0%
IV Percentile35.3%2.0%87.7%87.7%2.0%
Term Structure0.9%-0.9%2.7%-0.9%1.7%
VWIV17.5%14.7%23.8%23.8%17.1%
Skew 25d3.6%2.2%5.6%5.1%3.0%
Skew 10d7.5%-0.8%17.7%13.0%9.6%
Call IV 25d16.1%12.6%21.8%21.8%14.3%
Put IV 25d19.7%16.3%26.9%26.9%17.3%
Bid-Ask Spread %19.5215.2729.0215.6221.15
Gamma HHI0.320.220.470.220.44
Net GEX655.0K344.3K979.2K344.3K940.3K
Net DEX-8.8M-16.1M-3.1M-3.1M-16.1M
Net VEX-27.9K-38.0K-23.4K-26.3K-37.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.061.070.460.06
Total Volume698.2381452,4952221,736
Total OI10,552.7147,44012,01510,40912,015

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$27.91$27.0022.9%6.6%20.9%60.2%23.8%5.1%-0.9%344.3K-3.1M-26.3K0.4615.62N/AN/A152705,9474,462
2019-01-03$28.29$27.0022.6%6.5%21.2%57.8%22.7%5.6%-0.9%423.0K-4.3M-26.2K0.2917.78N/AN/A266765,9604,486
2019-01-04$28.60$27.0020.2%5.8%21.5%43.6%20.6%4.6%-0.5%537.1K-5.9M-26.3K0.4222.54N/AN/A4111726,1334,491
2019-01-07$28.81$27.0020.8%5.7%21.6%47.0%19.5%4.4%-0.0%614.8K-7.1M-27.0K0.5322.39N/AN/A95506,3544,592
2019-01-08$29.28$27.0019.8%5.3%22.0%40.9%18.0%4.9%0.8%735.3K-8.9M-25.8K1.0718.18N/AN/A2682866,3264,642
2019-01-09$29.06$28.0018.8%5.4%22.2%35.0%18.8%3.9%0.2%704.1K-8.0M-27.1K0.8820.94N/AN/A3312916,4444,847
2019-01-10$29.52$28.0016.4%4.7%22.6%20.1%16.7%3.1%1.7%791.3K-10.0M-25.9K0.6419.35N/AN/A3722386,4944,855
2019-01-11$29.39$28.0018.0%5.2%22.5%30.1%17.0%3.6%0.5%809.2K-9.6M-25.5K0.6020.33N/AN/A4012416,5774,867
2019-01-14$29.16$28.0018.6%5.3%22.0%33.6%18.2%4.0%0.4%768.5K-8.6M-26.4K0.2015.58N/AN/A224456,6634,813
2019-01-15$29.30$28.0017.6%5.1%21.9%27.7%17.4%3.1%1.0%778.3K-9.2M-25.3K0.4917.29N/AN/A2571276,7184,845
2019-01-16$29.47$28.0017.1%4.9%21.1%24.5%17.2%4.0%1.1%658.2K-10.3M-24.6K0.3017.72N/AN/A293876,7254,732
2019-01-17$29.56$28.0015.7%4.5%20.2%15.8%16.1%3.0%1.4%777.4K-10.7M-24.1K0.2723.90N/AN/A323876,7294,731
2019-01-18$29.55$28.0013.9%4.0%20.2%4.9%15.4%2.4%2.6%361.7K-10.8M-23.4K0.2616.61N/AN/A1,1362916,7394,741
2019-01-22$29.41$28.0017.2%4.9%20.3%24.8%14.7%4.9%-0.2%366.8K-5.8M-23.7K0.1622.16N/AN/A486794,3483,092
2019-01-23$29.81$28.0015.3%4.4%20.7%13.0%16.0%2.9%0.5%430.5K-7.1M-25.8K0.2716.35N/AN/A350934,7583,149
2019-01-24$30.03$28.0014.4%4.1%13.5%7.8%15.1%2.3%1.9%467.7K-8.0M-26.7K0.3415.27N/AN/A209724,9943,243
2019-01-25$29.84$28.0016.0%4.6%13.7%17.6%16.2%2.3%1.3%470.6K-7.6M-27.8K0.0719.26N/AN/A2,3321635,1523,253
2019-01-28$29.82$28.0015.8%4.5%13.4%16.6%15.8%2.2%2.7%862.9K-10.4M-36.6K0.0619.66N/AN/A459267,2983,351
2019-01-29$29.97$29.0015.9%4.6%13.3%16.9%16.0%3.2%1.4%934.3K-11.3M-38.0K0.0618.84N/AN/A382247,6173,367
2019-01-30$30.24$29.0015.1%4.3%13.3%12.3%15.1%3.2%1.3%979.2K-12.7M-37.1K0.5329.02N/AN/A1,0835797,6893,368
2019-01-31$30.84$29.0013.6%4.3%13.4%3.0%17.1%3.0%1.7%940.3K-16.1M-37.0K0.0621.15N/AN/A1,637998,1683,847