CNP Options History — April 2023

In April 2023, CNP traded between $29.43 and $30.80. ATM implied volatility averaged 23.1%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 0.8% (HV 20d: 22.3%). 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 5 of 19 days. Put/call ratio averaged 0.61.

Notable Days

  • 2023-04-14: Highest Volume — 3,637 contracts
  • 2023-04-27: Largest IV drop — 23.3% change
  • 2023-04-26: Highest IV Rank — 50.7%
  • 2023-04-26: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.44$29.43$30.80$29.45$30.45
Max Pain$29.11$29.00$30.00$29.00$29.00
ATM IV23.1%18.4%27.4%22.1%20.9%
Expected Move6.8%6.0%7.9%6.3%6.0%
HV 20d22.3%15.4%27.6%26.5%16.0%
HV 60d21.2%20.8%22.1%22.1%21.2%
IV Rank28.0%4.0%50.7%22.9%16.6%
IV Percentile42.8%1.6%78.2%31.7%19.4%
Term Structure-0.6%-3.2%2.6%2.4%-0.3%
VWIV23.9%15.5%29.5%22.6%20.9%
Skew 25d4.9%2.6%7.0%3.9%7.0%
Skew 10d10.4%3.2%16.7%9.3%14.1%
Call IV 25d21.1%15.0%24.4%20.0%15.0%
Put IV 25d25.9%22.0%30.2%23.9%22.0%
Bid-Ask Spread %33.4413.4351.2429.4613.43
Gamma HHI0.230.210.260.220.26
Net GEX876.3K603.9K1.1M616.1K862.4K
Net DEX-15.6M-17.4M-10.9M-11.1M-14.1M
Net VEX-79.8K-83.6K-75.2K-77.2K-78.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.012.040.610.88
Total Volume367.158293,63729111
Total OI14,671.15813,46316,08114,01113,877

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$29.45$29.0022.1%6.3%26.5%22.9%22.6%3.9%2.4%616.1K-11.1M-77.2K0.6129.46N/AN/A181111,6332,378
2023-04-04$29.43$29.0022.1%6.3%25.3%23.1%22.4%4.5%2.6%603.9K-10.9M-77.6K0.0330.12N/AN/A162511,6512,382
2023-04-05$30.43$29.0022.1%6.3%27.6%22.9%21.8%6.6%2.2%791.5K-15.2M-78.7K0.2414.10N/AN/A3769111,8082,384
2023-04-06$30.70$30.0018.4%6.8%27.3%4.0%24.2%5.6%-0.0%867.8K-16.4M-79.8K0.4941.26N/AN/A1376712,1072,384
2023-04-10$30.62$30.0020.0%6.8%26.5%11.9%26.4%5.1%-0.6%899.9K-16.3M-78.4K0.3851.24N/AN/A1445412,1632,348
2023-04-11$30.68$29.0020.0%6.8%25.2%12.0%24.8%5.5%0.0%927.2K-16.8M-78.4K0.5344.65N/AN/A623312,2492,330
2023-04-12$30.59$29.0024.3%7.0%25.0%34.5%24.6%4.0%-1.1%935.9K-16.5M-78.2K2.0444.09N/AN/A14128812,2442,311
2023-04-13$30.73$29.0022.9%6.5%24.6%26.9%24.0%4.7%0.1%946.5K-16.9M-76.4K0.4115.19N/AN/A733012,2052,521
2023-04-14$30.43$29.0024.5%7.0%24.9%35.4%15.5%5.7%-0.8%917.1K-15.5M-75.2K0.0145.39N/AN/A3,5875012,2272,516
2023-04-17$30.54$29.0024.0%6.9%24.8%32.8%24.6%4.4%-0.7%1.1M-17.4M-83.6K0.2443.92N/AN/A1413413,4432,524
2023-04-18$30.31$29.0024.8%7.1%25.0%37.1%25.0%5.1%-0.9%1.0M-16.4M-82.7K1.0427.79N/AN/A757813,4992,517
2023-04-19$30.48$29.0024.7%7.1%21.8%36.7%24.5%2.6%-1.7%1.1M-17.3M-82.5K0.4129.21N/AN/A733013,5082,527
2023-04-20$30.38$29.0025.1%7.2%21.1%38.8%25.1%4.7%-2.6%908.8K-16.9M-81.9K0.9234.26N/AN/A393613,5362,515
2023-04-21$30.44$29.0024.2%6.9%18.6%34.1%24.4%3.2%-1.5%812.3K-17.1M-81.6K0.1825.32N/AN/A2013613,5652,516
2023-04-24$30.77$29.0023.8%6.8%15.4%32.0%24.0%4.5%-2.5%844.4K-15.4M-81.4K0.0826.18N/AN/A2922212,2551,208
2023-04-25$30.80$29.0025.7%7.4%15.4%41.7%29.5%5.9%-2.7%859.0K-15.8M-82.6K0.9940.85N/AN/A13012912,5131,205
2023-04-26$30.36$29.0027.4%7.9%16.7%50.7%28.5%5.8%-3.2%812.9K-14.4M-81.8K1.4450.56N/AN/A273912,5951,256
2023-04-27$30.71$29.0021.1%6.0%15.5%17.6%22.1%3.6%-0.3%888.0K-15.2M-79.9K0.6728.36N/AN/A926212,5861,266
2023-04-28$30.45$29.0020.9%6.0%16.0%16.6%20.9%7.0%-0.3%862.4K-14.1M-78.2K0.8813.43N/AN/A595212,6141,263