CNP Options History — May 2019

In May 2019, CNP traded between $28.23 and $31.13. ATM implied volatility averaged 17.4%, placing in the 38.2% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 0.7% (HV 20d: 18.0%). Max pain ranged from $29.00 to $31.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2019-05-14: Highest Volume — 2,999 contracts
  • 2019-05-13: Largest IV spike — 77.9% change
  • 2019-05-08: Highest IV Rank — 62.3%
  • 2019-05-30: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.75$28.23$31.13$30.86$28.47
Max Pain$30.14$29.00$31.00$29.00$30.00
ATM IV17.4%11.4%21.2%17.8%18.4%
Expected Move4.7%4.2%5.4%5.1%5.3%
HV 20d18.0%11.4%21.4%11.4%20.9%
HV 60d15.3%13.2%16.7%13.2%15.5%
IV Rank38.2%0.0%62.3%40.5%45.3%
IV Percentile53.2%0.0%89.3%60.3%67.1%
Term Structure-0.6%-3.4%0.7%-3.4%-0.6%
VWIV16.6%13.9%22.1%20.9%16.5%
Skew 25d3.9%1.1%7.2%6.7%5.1%
Skew 10d5.6%-0.4%9.7%2.3%8.4%
Call IV 25d14.2%11.3%17.2%12.5%14.4%
Put IV 25d18.1%16.4%20.6%19.2%19.5%
Bid-Ask Spread %17.3313.9420.9718.9416.14
Gamma HHI0.320.210.470.450.24
Net GEX430.0K180.2K812.8K753.0K185.4K
Net DEX-2.2M-8.0M1.6M-7.2M1.4M
Net VEX-21.4K-26.7K-15.3K-22.9K-16.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.002.270.431.29
Total Volume397.045812,999192296
Total OI7,863.0915,45610,0697,9816,293

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$30.86$29.0017.8%5.1%11.4%40.5%20.9%6.7%-3.4%753.0K-7.2M-22.9K0.4318.94N/AN/A134585,0282,953
2019-05-02$30.76$29.0017.9%5.1%11.4%40.9%22.1%5.2%-2.8%743.2K-6.9M-23.0K0.3515.43N/AN/A149525,0843,000
2019-05-03$31.13$29.0017.7%5.1%12.1%39.7%19.1%7.2%-2.2%812.8K-8.0M-22.4K0.2314.15N/AN/A140325,0953,034
2019-05-06$31.04$31.0019.9%4.3%12.0%53.6%0.0%3.9%-0.1%802.9K-7.5M-26.7K0.0013.94N/AN/A8905,6653,600
2019-05-07$30.74$31.0021.1%4.4%11.7%61.4%15.8%3.6%0.5%741.7K-6.3M-25.9K0.0120.97N/AN/A16125,6403,600
2019-05-08$30.55$31.0021.2%4.4%11.8%62.3%16.2%4.3%0.2%694.4K-5.1M-24.8K0.2319.85N/AN/A198465,5683,599
2019-05-09$29.29$31.0019.9%4.6%19.2%53.5%13.9%3.5%0.3%300.7K415.9K-18.1K2.2717.61N/AN/A1152615,6133,613
2019-05-10$29.60$31.0011.4%4.5%19.6%0.0%15.6%3.7%-0.2%317.1K-639.2K-20.1K0.1720.66N/AN/A6831195,6093,753
2019-05-13$30.11$31.0020.2%4.7%20.2%56.6%16.2%3.6%-0.8%362.5K-2.4M-21.0K0.5417.50N/AN/A120655,6093,753
2019-05-14$29.79$30.0017.9%4.5%20.5%41.6%15.8%1.9%0.1%471.1K-1.7M-22.3K0.1320.79N/AN/A2,6483516,1833,886
2019-05-15$29.48$30.0017.4%5.0%20.4%38.5%17.2%2.1%0.7%219.0K-33.9K-21.7K0.3115.57N/AN/A179555,6733,906
2019-05-16$29.53$30.0015.1%4.3%20.4%23.7%16.4%2.2%0.4%255.6K-272.6K-22.0K0.2218.78N/AN/A205455,8043,933
2019-05-17$29.84$30.0014.8%4.2%20.6%21.7%14.4%3.6%0.3%347.4K-1.5M-22.8K0.5018.32N/AN/A2571285,8923,938
2019-05-20$29.64$30.0015.5%4.4%20.6%26.5%15.4%1.1%-0.8%324.3K-1.4M-21.7K0.1116.56N/AN/A187203,7111,745
2019-05-21$29.55$30.0014.8%4.2%20.4%22.1%14.7%1.8%-0.3%341.6K-1.2M-21.2K0.2119.33N/AN/A283603,8651,765
2019-05-22$29.56$30.0014.6%4.2%20.4%21.0%13.9%3.3%-1.3%381.9K-1.1M-22.6K0.1114.92N/AN/A461514,1861,820
2019-05-23$29.40$30.0017.1%4.9%20.4%36.5%17.7%6.2%-0.8%348.6K-932.0K-22.4K0.2815.77N/AN/A269744,2021,825
2019-05-24$29.46$30.0016.2%4.6%20.5%30.7%16.0%5.2%-0.1%378.7K-1.0M-21.7K0.3918.42N/AN/A222864,2321,850
2019-05-28$28.91$30.0016.8%4.8%21.4%34.8%16.6%2.7%-0.7%279.5K562.2K-18.1K1.3115.58N/AN/A35464,2741,858
2019-05-29$28.53$30.0017.9%5.1%20.3%41.6%18.0%3.1%-1.1%217.8K943.8K-17.5K0.9814.86N/AN/A51504,3101,858
2019-05-30$28.23$30.0018.8%5.4%20.4%47.7%16.9%5.3%-1.3%180.2K1.6M-15.3K1.9617.13N/AN/A851674,3041,859
2019-05-31$28.47$30.0018.4%5.3%20.9%45.3%16.5%5.1%-0.6%185.4K1.4M-16.3K1.2916.14N/AN/A1291674,3401,953