CNP Options History — February 2023

In February 2023, CNP traded between $27.88 and $30.23. ATM implied volatility averaged 22.9%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 6.3% (HV 20d: 16.7%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.39.

Notable Days

  • 2023-02-17: Highest Volume — 2,646 contracts
  • 2023-02-06: Largest IV spike — 10.7% change
  • 2023-02-06: Highest IV Rank — 59.0%
  • 2023-02-01: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.11$27.88$30.23$30.23$27.88
Max Pain$29.37$28.00$30.00$29.00$29.00
ATM IV22.9%19.2%28.8%26.7%20.1%
Expected Move6.3%5.5%7.6%7.6%5.8%
HV 20d16.7%14.9%21.4%20.8%16.5%
HV 60d19.4%18.3%20.6%20.5%18.3%
IV Rank29.6%10.9%59.0%48.3%15.2%
IV Percentile39.2%5.2%85.7%74.2%13.9%
Term Structure-0.3%-5.5%0.9%-5.5%-0.2%
VWIV21.4%15.1%26.7%26.7%20.3%
Skew 25d3.8%0.5%6.0%3.6%0.5%
Skew 10d6.9%0.6%15.7%4.4%0.6%
Call IV 25d20.5%15.5%24.9%24.9%20.2%
Put IV 25d24.2%20.7%28.5%28.5%20.7%
Bid-Ask Spread %40.3611.35106.5695.3618.39
Gamma HHI0.280.230.360.230.34
Net GEX536.5K304.5K910.8K681.3K304.5K
Net DEX-9.5M-14.6M-5.5M-14.6M-5.5M
Net VEX-80.3K-90.0K-69.6K-90.0K-69.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.198.930.690.47
Total Volume392.211542,64654376
Total OI15,096.36811,51217,48715,89412,187

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$30.23$29.0026.7%7.6%20.8%48.3%26.7%3.6%-5.5%681.3K-14.6M-90.0K0.6995.36N/AN/A322212,8523,042
2023-02-02$29.84$28.0025.4%6.3%21.4%42.2%21.8%4.0%-0.6%626.9K-12.7M-88.1K1.1347.27N/AN/A859612,8783,064
2023-02-03$29.29$28.0026.0%6.3%21.2%45.0%21.9%4.7%0.1%574.6K-9.7M-84.7K2.60106.56N/AN/A8522112,9383,094
2023-02-06$29.41$30.0028.8%6.5%16.6%59.0%21.7%3.7%-0.2%594.4K-10.3M-85.7K8.9336.27N/AN/A1412512,9663,282
2023-02-07$29.59$30.0026.3%6.1%15.5%46.5%21.4%3.8%0.9%574.8K-11.2M-85.1K1.0325.86N/AN/A959812,9793,367
2023-02-08$29.05$30.0023.5%6.7%16.6%32.4%23.4%3.7%-0.1%522.6K-8.5M-82.9K2.0016.66N/AN/A9819613,0213,452
2023-02-09$28.70$30.0023.5%6.7%14.9%32.3%24.3%4.3%-0.7%476.7K-6.4M-81.3K0.6047.00N/AN/A32719513,0803,530
2023-02-10$29.30$30.0023.5%6.7%17.3%32.4%23.3%4.3%0.1%602.0K-9.9M-83.1K0.2533.59N/AN/A44911113,1553,549
2023-02-13$29.43$30.0024.3%7.0%16.8%36.5%24.4%3.8%-0.9%623.0K-10.9M-82.7K0.6220.64N/AN/A1569613,2173,633
2023-02-14$29.30$30.0022.7%6.5%16.6%28.5%21.2%2.5%0.4%660.0K-10.1M-80.7K1.5633.99N/AN/A599213,3083,690
2023-02-15$29.12$30.0022.7%6.5%15.3%28.3%23.1%3.8%-0.5%597.9K-9.1M-80.4K0.7726.66N/AN/A735613,0793,756
2023-02-16$29.05$30.0021.7%6.2%15.2%23.3%20.6%2.7%-0.0%582.7K-8.6M-77.6K0.3075.95N/AN/A57617313,1683,671
2023-02-17$29.21$29.0020.1%5.8%15.4%15.3%20.4%4.4%0.1%910.8K-12.9M-77.3K0.8232.65N/AN/A1,4501,19613,6473,840
2023-02-21$28.98$29.0020.9%6.0%15.5%19.4%18.5%3.5%-0.1%421.0K-9.1M-77.3K0.5952.81N/AN/A1699910,0321,480
2023-02-22$28.81$29.0020.6%5.9%15.2%17.6%20.7%4.4%-0.5%396.1K-8.5M-76.0K2.5360.24N/AN/A10125610,1471,575
2023-02-23$28.81$29.0019.2%5.5%15.3%10.9%17.9%3.6%0.2%371.8K-8.2M-75.9K0.1913.13N/AN/A641210,2141,774
2023-02-24$28.62$29.0019.3%5.5%15.2%11.3%20.6%4.8%0.7%338.4K-7.5M-74.7K0.9811.35N/AN/A464510,2611,787
2023-02-27$28.45$29.0020.7%5.9%15.3%18.4%15.1%6.0%0.2%333.1K-7.0M-73.2K0.3712.40N/AN/A792910,2941,822
2023-02-28$27.88$29.0020.1%5.8%16.5%15.2%20.3%0.5%-0.2%304.5K-5.5M-69.6K0.4718.39N/AN/A25512110,3421,845