CNP Options History — July 2023

In July 2023, CNP traded between $29.31 and $31.11. ATM implied volatility averaged 18.9%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 1.0% (HV 20d: 17.9%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.46.

Notable Days

  • 2023-07-25: Highest Volume — 830 contracts
  • 2023-07-12: Largest IV spike — 26.8% change
  • 2023-07-18: Highest IV Rank — 29.1%
  • 2023-07-18: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.07$29.31$31.11$29.31$30.12
Max Pain$28.90$28.00$29.00$28.00$29.00
ATM IV18.9%15.5%21.7%15.5%17.8%
Expected Move5.7%4.4%6.2%4.4%5.1%
HV 20d17.9%15.3%20.5%15.3%19.6%
HV 60d15.9%14.8%17.3%14.8%16.6%
IV Rank16.1%0.0%29.1%0.0%10.9%
IV Percentile17.0%0.4%39.3%0.4%7.9%
Term Structure-0.8%-3.0%4.5%4.5%-0.4%
VWIV19.3%14.7%25.8%14.7%17.8%
Skew 25d3.4%-0.1%5.3%-0.1%2.7%
Skew 10d10.4%-0.2%54.0%1.5%5.3%
Call IV 25d17.3%12.6%19.5%13.5%15.5%
Put IV 25d20.7%13.4%24.1%13.4%18.1%
Bid-Ask Spread %34.729.8082.4318.7932.05
Gamma HHI0.300.230.350.330.30
Net GEX885.2K717.1K1.3M717.1K854.5K
Net DEX-12.1M-16.0M-9.6M-9.6M-11.5M
Net VEX-59.8K-66.1K-54.2K-57.9K-60.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.003.650.800.05
Total Volume155.178303681
Total OI12,369.8511,79613,38711,79613,367

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$29.31$28.0015.5%4.4%15.3%0.0%14.7%-0.1%4.5%717.1K-9.6M-57.9K0.8018.79N/AN/A201610,6011,195
2023-07-05$29.70$28.0016.0%4.6%15.8%2.3%15.5%4.7%3.6%802.9K-10.9M-60.1K0.059.80N/AN/A65310,6131,201
2023-07-06$29.45$29.0016.7%6.2%16.2%5.9%18.0%4.9%-1.1%735.4K-10.0M-59.2K0.0026.35N/AN/A18010,6621,200
2023-07-07$29.45$29.0017.4%6.0%15.7%9.3%19.6%4.2%-0.9%752.5K-10.0M-59.0K0.1766.02N/AN/A6110,6521,200
2023-07-10$29.41$29.0017.8%6.2%15.6%11.0%21.5%4.3%-1.7%724.9K-9.9M-57.5K0.5322.41N/AN/A191010,6521,199
2023-07-11$29.81$29.0016.0%5.9%16.1%2.4%17.6%5.3%-0.5%763.1K-11.0M-59.0K0.0137.93N/AN/A213210,6631,203
2023-07-12$30.37$29.0020.3%5.8%17.2%22.4%20.8%2.4%-0.7%940.5K-13.3M-61.1K0.0310.34N/AN/A147410,8611,203
2023-07-13$30.43$29.0019.7%5.7%17.2%19.9%19.4%4.4%0.3%925.0K-13.3M-60.4K0.2714.65N/AN/A772110,9601,202
2023-07-14$30.12$29.0021.2%6.1%17.7%27.0%22.3%3.9%-2.1%882.3K-12.5M-59.9K0.1710.58N/AN/A631110,9561,203
2023-07-17$29.66$29.0021.4%6.1%18.6%27.9%20.0%2.5%-1.8%846.1K-10.9M-57.5K0.3171.44N/AN/A13410,9751,214
2023-07-18$29.41$29.0021.7%6.2%18.9%29.1%25.8%3.8%-1.8%767.6K-9.6M-54.2K3.6525.06N/AN/A238410,9821,218
2023-07-19$29.77$29.0021.5%6.2%19.2%28.1%21.0%3.6%-1.6%818.2K-11.1M-57.0K1.3522.88N/AN/A172310,9761,253
2023-07-20$30.30$29.0021.2%6.1%20.0%26.8%19.3%3.4%-1.8%826.9K-12.9M-57.6K0.0136.23N/AN/A424610,9821,263
2023-07-21$30.84$29.0019.0%5.4%20.5%16.5%18.7%3.1%-0.6%1.3M-15.7M-62.5K0.0535.51N/AN/A167811,5541,264
2023-07-24$30.84$29.0020.1%5.8%18.4%21.5%19.6%2.3%-3.0%1.1M-14.9M-60.7K0.3525.82N/AN/A802811,3241,134
2023-07-25$31.11$29.0020.1%5.8%18.1%21.5%20.1%5.1%-2.6%1.1M-15.8M-62.2K0.7222.86N/AN/A48234811,3851,137
2023-07-26$31.09$29.0020.1%5.8%17.8%21.8%23.2%2.6%-2.7%1.1M-16.0M-66.1K0.2982.43N/AN/A1925511,6891,481
2023-07-27$30.23$29.0017.6%5.0%19.7%9.9%15.5%2.5%-1.5%932.6K-12.3M-62.7K0.3072.48N/AN/A712111,8891,497
2023-07-28$30.01$29.0017.0%4.9%19.9%7.4%14.9%2.4%-0.1%858.4K-11.3M-60.8K0.0850.80N/AN/A2582111,8891,498
2023-07-31$30.12$29.0017.8%5.1%19.6%10.9%17.8%2.7%-0.4%854.5K-11.5M-60.4K0.0532.05N/AN/A77411,8651,502