CNP Options History — January 2023

In January 2023, CNP traded between $28.95 and $31.39. ATM implied volatility averaged 22.6%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 0.2% (HV 20d: 22.7%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.61.

Notable Days

  • 2023-01-24: Highest Volume — 778 contracts
  • 2023-01-06: Largest IV drop — 13.6% change
  • 2023-01-30: Highest IV Rank — 43.9%
  • 2023-01-30: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.21$28.95$31.39$29.48$29.94
Max Pain$28.80$27.00$29.00$27.00$29.00
ATM IV22.6%19.9%25.8%24.0%25.0%
Expected Move6.5%5.9%7.4%6.9%7.2%
HV 20d22.7%17.5%24.6%17.5%21.6%
HV 60d21.8%20.5%23.9%23.0%20.5%
IV Rank27.7%14.1%43.9%35.1%39.9%
IV Percentile35.6%10.3%65.5%51.2%60.3%
Term Structure-0.4%-4.1%2.0%1.2%-3.4%
VWIV22.6%15.8%27.2%24.0%27.2%
Skew 25d4.2%3.0%5.9%4.2%4.9%
Skew 10d12.4%4.7%17.8%12.8%17.8%
Call IV 25d21.0%17.4%23.5%21.4%23.4%
Put IV 25d25.2%22.9%28.6%25.6%28.4%
Bid-Ask Spread %48.5215.7782.4966.9524.28
Gamma HHI0.250.180.430.260.23
Net GEX697.6K280.2K1.1M499.7K614.2K
Net DEX-18.7M-28.6M-12.2M-15.9M-13.0M
Net VEX-91.8K-96.7K-87.9K-96.7K-88.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.042.572.570.13
Total Volume293.563778571108
Total OI23,406.0514,97828,42926,80615,748

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$29.48$27.0024.0%6.9%17.5%35.1%24.0%4.2%1.2%499.7K-15.9M-96.7K2.5766.95N/AN/A16041117,2189,588
2023-01-04$29.55$27.0021.1%6.1%17.6%20.4%20.5%3.5%1.9%453.8K-16.5M-95.8K0.1782.49N/AN/A811417,1959,953
2023-01-05$28.95$29.0023.4%6.9%18.7%31.9%25.8%3.9%0.6%280.2K-12.2M-91.4K2.0265.68N/AN/A6312717,2459,930
2023-01-06$30.02$29.0020.2%6.6%23.1%15.8%22.3%4.2%0.2%582.2K-19.3M-94.7K0.1976.65N/AN/A1603117,2559,920
2023-01-09$30.52$29.0019.9%6.3%23.9%14.1%22.9%3.0%0.9%727.7K-22.6M-93.0K0.8857.31N/AN/A23420517,2569,930
2023-01-10$30.52$29.0021.3%5.9%23.9%21.6%21.7%5.0%2.0%725.1K-22.2M-93.5K0.4265.83N/AN/A1084517,44810,050
2023-01-11$31.09$29.0022.3%6.4%23.9%26.1%22.0%3.8%1.0%923.1K-26.3M-92.7K0.8443.38N/AN/A15913417,45810,080
2023-01-12$31.07$29.0021.3%6.1%23.9%21.2%21.1%4.2%0.8%928.3K-26.4M-90.9K0.1339.82N/AN/A5787317,51610,170
2023-01-13$31.39$29.0021.1%6.0%24.2%20.1%22.3%5.9%0.5%1.1M-28.6M-92.0K0.2320.80N/AN/A3698417,74910,185
2023-01-17$31.05$29.0022.3%6.4%24.1%26.2%21.5%3.2%-0.2%906.3K-27.0M-93.5K0.5953.43N/AN/A945518,01810,241
2023-01-18$30.41$29.0022.8%6.5%24.6%28.8%24.7%3.2%-0.3%762.3K-22.7M-92.6K0.4717.48N/AN/A432018,03210,282
2023-01-19$30.27$29.0023.1%6.6%24.6%30.5%25.6%4.8%0.6%847.7K-21.7M-91.9K0.7773.69N/AN/A21816718,07110,287
2023-01-20$30.09$29.0022.7%6.5%24.6%28.1%22.5%4.7%-0.5%946.8K-20.5M-89.5K0.3722.33N/AN/A2238317,99010,439
2023-01-23$29.95$29.0022.8%6.5%24.1%28.8%22.0%4.0%-1.2%581.1K-12.8M-87.9K0.1330.45N/AN/A3664812,0462,932
2023-01-24$30.16$29.0022.7%6.5%23.9%28.6%15.8%3.7%-2.4%629.9K-13.9M-90.0K0.0477.43N/AN/A7453312,3062,960
2023-01-25$30.09$29.0023.3%6.7%23.2%31.4%22.3%4.3%-1.8%633.6K-13.7M-91.0K0.3363.46N/AN/A2528212,5533,017
2023-01-26$29.88$29.0022.9%6.6%22.8%29.3%22.9%4.4%-1.6%611.9K-12.8M-90.8K0.2815.77N/AN/A581612,6093,026
2023-01-27$29.84$29.0023.5%6.7%22.3%32.5%24.2%4.1%-2.9%607.9K-12.6M-88.7K0.2354.32N/AN/A962212,6403,038
2023-01-30$29.84$29.0025.8%7.4%22.3%43.9%20.5%5.1%-4.1%627.4K-12.7M-90.0K1.3918.84N/AN/A446112,6963,044
2023-01-31$29.94$29.0025.0%7.2%21.6%39.9%27.2%4.9%-3.4%614.2K-13.0M-88.2K0.1324.28N/AN/A961212,7133,035