CNP Options History — February 2019

In February 2019, CNP traded between $30.03 and $31.35. ATM implied volatility averaged 15.0%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.3% (HV 20d: 11.7%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.32.

Notable Days

  • 2019-02-28: Highest Volume — 2,228 contracts
  • 2019-02-28: Largest IV drop — 17.4% change
  • 2019-02-27: Highest IV Rank — 29.7%
  • 2019-02-27: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.87$30.03$31.35$30.79$30.03
Max Pain$29.68$29.00$30.00$29.00$30.00
ATM IV15.0%13.0%17.1%13.4%14.1%
Expected Move4.4%3.9%4.9%4.4%4.1%
HV 20d11.7%10.2%17.4%13.2%17.4%
HV 60d16.1%15.4%17.4%17.1%17.4%
IV Rank14.5%0.0%29.7%1.5%8.4%
IV Percentile14.5%0.0%36.9%0.8%5.6%
Term Structure0.1%-3.4%1.7%1.4%-0.1%
VWIV16.0%13.6%17.1%16.9%13.6%
Skew 25d2.8%-2.7%4.1%3.4%-2.7%
Skew 10d3.6%-3.2%10.0%9.7%-3.2%
Call IV 25d14.2%13.0%16.0%13.9%14.2%
Put IV 25d17.0%11.4%19.0%17.3%11.4%
Bid-Ask Spread %16.4412.3619.8818.3717.34
Gamma HHI0.350.290.480.400.31
Net GEX788.6K544.3K1.2M957.3K544.3K
Net DEX-11.9M-15.8M-4.5M-15.7M-4.5M
Net VEX-31.0K-38.5K-28.2K-38.5K-28.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.031.450.091.24
Total Volume715.1581692,2281,0402,228
Total OI9,749.9477,07812,08512,0857,413

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$30.79$29.0013.4%4.4%13.2%1.5%16.9%3.4%1.4%957.3K-15.7M-38.5K0.0918.37N/AN/A953878,1733,912
2019-02-04$30.82$29.0014.2%4.3%13.0%6.9%16.8%4.0%0.6%937.5K-15.7M-36.4K0.2318.10N/AN/A255598,0423,919
2019-02-05$30.80$29.0013.0%4.2%13.1%0.0%16.8%2.9%1.1%970.9K-15.8M-35.2K0.0712.41N/AN/A941697,9633,924
2019-02-06$30.55$29.0013.6%3.9%12.7%4.1%15.9%3.9%1.7%877.4K-13.4M-33.7K0.2512.36N/AN/A159397,4193,927
2019-02-07$30.79$29.0014.4%4.1%12.3%10.2%15.1%3.5%1.7%870.0K-14.3M-32.3K0.3213.66N/AN/A185597,3393,945
2019-02-08$30.82$29.0014.7%4.2%11.4%12.0%15.3%3.7%1.5%893.3K-14.6M-31.3K0.3118.14N/AN/A191607,3453,973
2019-02-11$30.76$30.0015.2%4.4%11.2%16.1%15.8%3.5%0.6%864.2K-14.2M-31.0K0.2013.17N/AN/A141287,3333,996
2019-02-12$30.72$30.0015.0%4.3%10.7%14.6%15.3%2.5%0.9%875.4K-14.4M-30.7K0.1116.12N/AN/A217237,3754,006
2019-02-13$30.77$30.0015.1%4.3%10.7%14.9%14.8%3.5%1.0%863.3K-14.5M-29.9K0.0513.25N/AN/A465257,2934,016
2019-02-14$30.91$30.0014.9%4.3%10.6%14.0%16.0%2.6%0.7%969.0K-14.6M-29.4K0.1119.44N/AN/A634697,1744,016
2019-02-15$30.93$30.0014.8%4.3%10.6%13.3%16.1%2.5%0.8%1.2M-14.1M-29.6K0.1819.82N/AN/A7591387,1114,061
2019-02-19$31.20$30.0015.7%4.5%10.8%19.6%17.0%3.7%-1.1%665.6K-9.7M-28.2K0.0316.96N/AN/A1,002285,2022,416
2019-02-20$30.99$30.0015.6%4.5%11.0%18.6%15.5%1.5%-1.2%591.2K-8.8M-28.9K0.0719.88N/AN/A1,238824,8232,430
2019-02-21$31.19$30.0015.8%4.5%10.4%20.5%15.6%2.0%-1.4%589.2K-9.4M-29.1K0.1815.53N/AN/A1,2912294,9352,452
2019-02-22$31.35$30.0015.5%4.4%10.2%18.1%16.3%3.6%-0.8%572.2K-9.8M-28.9K0.2616.30N/AN/A7311934,9342,537
2019-02-25$30.95$30.0016.8%4.8%11.2%27.3%17.1%2.4%-1.3%555.8K-7.3M-28.6K0.4218.77N/AN/A237994,5072,571
2019-02-26$31.02$30.0016.7%4.8%11.1%26.6%16.9%4.1%-1.7%583.8K-7.8M-29.4K0.4216.30N/AN/A2601104,6992,668
2019-02-27$31.16$30.0017.1%4.9%11.1%29.7%16.9%2.9%-3.4%587.2K-8.0M-29.4K1.4516.48N/AN/A1241804,7152,685
2019-02-28$30.03$30.0014.1%4.1%17.4%8.4%13.6%-2.7%-0.1%544.3K-4.5M-28.2K1.2417.34N/AN/A9941,2344,7322,681