CNP Options History — May 2023

In May 2023, CNP traded between $28.20 and $30.77. ATM implied volatility averaged 20.9%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.5% (HV 20d: 16.4%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.52.

Notable Days

  • 2023-05-31: Highest Volume — 593 contracts
  • 2023-05-02: Largest IV spike — 12.7% change
  • 2023-05-04: Highest IV Rank — 29.7%
  • 2023-05-04: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.35$28.20$30.77$30.77$28.26
Max Pain$28.73$28.00$30.00$29.00$28.00
ATM IV20.9%18.4%23.4%18.4%22.2%
Expected Move6.0%5.3%6.4%5.3%6.4%
HV 20d16.4%14.0%18.8%16.2%14.0%
HV 60d21.1%20.4%21.7%21.2%20.4%
IV Rank17.0%4.1%29.7%4.1%23.4%
IV Percentile22.5%2.0%48.4%2.0%38.1%
Term Structure0.6%-2.1%2.5%1.1%-2.1%
VWIV20.5%17.9%23.5%20.6%20.4%
Skew 25d4.3%3.2%7.2%3.2%6.1%
Skew 10d10.4%4.0%16.2%4.0%8.1%
Call IV 25d18.8%17.3%20.8%18.2%18.1%
Put IV 25d23.1%21.4%24.9%21.4%24.1%
Bid-Ask Spread %48.9123.2472.3723.2444.92
Gamma HHI0.290.240.350.240.26
Net GEX671.4K407.2K947.7K933.0K473.2K
Net DEX-10.4M-15.3M-6.3M-15.3M-7.4M
Net VEX-68.9K-78.0K-60.6K-78.0K-60.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.0024.541.160.65
Total Volume193.955759341593
Total OI13,481.09111,31614,99813,87912,109

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$30.77$29.0018.4%5.3%16.2%4.1%20.6%3.2%1.1%933.0K-15.3M-78.0K1.1623.24N/AN/A192212,6181,261
2023-05-02$30.02$29.0020.8%6.0%18.8%16.3%21.3%3.2%-1.0%801.4K-12.5M-75.3K0.4452.18N/AN/A271212,6231,255
2023-05-03$30.02$29.0022.0%6.3%18.8%22.5%23.5%4.1%-1.5%804.5K-12.6M-76.4K0.4066.53N/AN/A5212,6231,253
2023-05-04$30.24$28.0023.4%6.4%14.7%29.7%20.9%3.8%1.4%823.4K-13.3M-75.9K0.3848.26N/AN/A722712,6241,251
2023-05-05$30.45$28.0021.7%6.0%14.6%21.0%20.3%3.9%2.1%893.4K-14.1M-76.4K0.0148.47N/AN/A321312,6451,254
2023-05-08$30.24$29.0022.4%6.0%14.7%24.7%17.9%4.5%1.4%872.5K-13.3M-75.4K0.0233.33N/AN/A58112,7831,257
2023-05-09$30.34$29.0022.4%6.1%14.8%24.7%20.7%4.3%1.1%905.9K-13.7M-75.3K0.3537.88N/AN/A2518912,8181,258
2023-05-10$30.30$30.0021.1%6.0%14.7%17.8%19.9%3.7%2.1%947.7K-13.6M-74.8K2.4727.98N/AN/A153713,0581,349
2023-05-11$29.82$30.0020.3%5.8%15.6%13.5%21.6%3.5%2.5%810.6K-11.6M-72.2K0.1070.14N/AN/A40413,0571,349
2023-05-12$30.02$30.0020.2%5.8%15.5%13.4%18.8%3.3%2.4%900.7K-12.2M-72.0K0.0172.37N/AN/A386213,0601,348
2023-05-15$29.59$30.0019.9%5.7%16.2%11.8%20.8%3.6%2.1%799.7K-10.5M-70.3K0.1924.55N/AN/A2064013,3941,348
2023-05-16$28.95$29.0020.8%5.9%17.6%16.0%19.6%4.8%2.1%552.4K-8.6M-66.3K0.9552.19N/AN/A21220213,2601,334
2023-05-17$28.68$29.0019.8%5.7%17.5%11.0%21.3%4.1%2.2%441.3K-7.4M-64.1K24.5440.47N/AN/A1331913,2901,506
2023-05-18$28.38$29.0020.8%6.0%17.7%16.1%20.9%4.9%0.4%407.2K-6.3M-62.8K0.2166.31N/AN/A661413,2821,716
2023-05-19$28.61$28.0019.1%5.5%18.1%7.7%21.0%4.0%1.0%461.4K-7.1M-64.0K0.2171.58N/AN/A1863913,2821,611
2023-05-22$28.57$28.0018.9%5.4%17.3%6.2%19.1%3.4%0.4%472.4K-8.1M-63.1K0.0339.10N/AN/A170510,0851,231
2023-05-23$28.86$28.0019.8%5.7%18.0%10.9%20.5%4.0%-0.2%516.7K-8.8M-64.3K0.0760.02N/AN/A1421010,2211,231
2023-05-24$28.66$28.0020.8%6.0%17.5%16.2%20.6%4.2%-1.2%523.2K-8.5M-64.9K0.0063.25N/AN/A170010,3421,228
2023-05-25$28.43$28.0022.3%6.4%16.8%24.2%19.1%5.4%-1.4%479.8K-7.7M-61.9K0.0631.80N/AN/A77510,4241,228
2023-05-26$28.30$28.0021.6%6.2%16.7%20.6%19.7%7.2%-1.0%442.5K-7.5M-61.2K0.0858.24N/AN/A3292610,4741,233
2023-05-30$28.20$28.0022.2%6.4%15.8%23.4%21.8%5.7%-1.1%508.7K-7.4M-61.6K1.1743.16N/AN/A232710,7551,256
2023-05-31$28.26$28.0022.2%6.4%14.0%23.4%20.4%6.1%-2.1%473.2K-7.4M-60.6K0.6544.92N/AN/A36023310,7631,346