CNP Options History — August 2023

In August 2023, CNP traded between $27.93 and $29.79. ATM implied volatility averaged 19.3%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 1.4% (HV 20d: 17.8%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 3.70.

Notable Days

  • 2023-08-01: Highest Volume — 10,455 contracts
  • 2023-08-15: Largest IV spike — 9.7% change
  • 2023-08-01: Highest IV Rank — 38.4%
  • 2023-08-01: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.57$27.93$29.79$29.55$28.01
Max Pain$29.09$29.00$30.00$29.00$29.00
ATM IV19.3%14.3%23.7%23.7%14.3%
Expected Move5.5%4.1%6.8%6.8%4.1%
HV 20d17.8%12.5%21.3%20.8%12.5%
HV 60d16.9%16.5%17.4%17.0%16.7%
IV Rank18.2%0.0%38.4%38.4%0.0%
IV Percentile22.0%0.0%66.7%66.7%0.0%
Term Structure0.8%-3.6%2.5%-3.6%2.4%
VWIV18.7%8.9%23.6%23.6%8.9%
Skew 25d3.5%1.5%6.6%1.8%5.7%
Skew 10d8.0%3.0%13.1%13.1%8.3%
Call IV 25d16.9%10.8%22.9%22.9%10.8%
Put IV 25d20.4%16.5%24.7%24.7%16.5%
Bid-Ask Spread %27.109.3665.3241.5526.03
Gamma HHI0.510.300.800.300.42
Net GEX-700.0K-4.0M743.0K743.0K499.6K
Net DEX2.3M-10.0M17.5M-10.0M-4.7M
Net VEX-58.2K-80.7K-44.7K-60.0K-46.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.700.0166.0266.020.32
Total Volume620.2172010,45510,45558
Total OI17,369.56510,36922,42713,50711,105

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$29.55$29.0023.7%6.8%20.8%38.4%23.6%1.8%-3.6%743.0K-10.0M-60.0K66.0241.55N/AN/A15610,29912,0021,505
2023-08-02$29.79$29.0021.4%6.1%20.4%27.7%23.4%4.2%-2.8%-1.1M-2.9M-80.7K3.3565.32N/AN/A12240912,11410,313
2023-08-03$29.38$30.0022.6%5.9%20.8%33.4%19.8%2.9%1.0%-1.5M757.4K-78.3K1.3829.11N/AN/A324412,13610,053
2023-08-04$29.02$30.0022.5%5.8%21.3%32.7%20.7%3.5%0.9%-1.8M4.6M-75.6K2.2633.05N/AN/A4610412,15410,061
2023-08-07$29.02$29.0021.1%5.8%21.3%26.3%20.0%2.6%1.0%-2.1M4.4M-74.1K0.1011.56N/AN/A87912,18510,093
2023-08-08$28.95$29.0020.3%5.7%20.6%22.6%19.9%3.3%1.5%-2.4M5.9M-70.9K5.7815.19N/AN/A4023112,13410,102
2023-08-09$29.14$29.0020.3%5.8%19.5%22.8%21.0%3.3%0.8%-2.5M3.4M-70.2K0.1728.33N/AN/A701212,1319,920
2023-08-10$28.68$29.0019.7%5.7%20.0%20.0%20.3%2.7%1.4%-2.4M9.1M-66.8K1.0424.20N/AN/A545612,1799,915
2023-08-11$28.89$29.0018.9%5.4%20.1%16.0%16.4%2.9%2.5%-3.3M6.8M-66.9K0.0512.55N/AN/A19112,1899,933
2023-08-14$28.77$29.0018.7%5.4%19.5%15.3%20.8%3.9%2.1%-4.0M10.9M-59.7K0.7429.40N/AN/A1158512,1869,934
2023-08-15$28.23$29.0020.5%5.9%20.4%23.8%19.8%2.6%1.2%-492.7K16.9M-50.5K0.1440.85N/AN/A1412012,28510,013
2023-08-16$28.16$29.0020.4%5.9%19.6%23.1%19.9%2.5%1.4%-398.0K16.9M-52.6K0.3843.10N/AN/A261012,15910,088
2023-08-17$28.05$29.0020.3%5.8%18.1%22.6%19.8%2.8%0.6%233.2K17.5M-47.9K0.2729.61N/AN/A3258712,16610,018
2023-08-18$28.24$29.0019.5%5.6%16.7%18.9%19.6%3.8%0.5%404.2K17.3M-50.2K0.2224.95N/AN/A1994312,17310,033
2023-08-21$28.31$29.0019.0%5.5%16.9%16.7%17.4%6.6%0.5%443.8K-5.7M-48.9K0.0244.86N/AN/A18948,8051,564
2023-08-22$28.29$29.0018.6%5.3%16.2%14.4%17.1%5.5%0.4%465.4K-5.8M-50.0K0.0132.63N/AN/A60498,9511,567
2023-08-23$28.09$29.0017.4%5.0%16.2%9.1%17.3%2.7%2.2%474.4K-5.4M-49.1K0.0116.65N/AN/A10019,1341,565
2023-08-24$27.95$29.0018.1%5.2%13.7%12.3%18.1%1.5%0.5%457.4K-5.1M-48.5K0.1522.15N/AN/A111179,2251,564
2023-08-25$28.30$29.0017.4%5.0%14.8%9.0%16.8%4.4%1.1%510.9K-6.0M-51.4K0.3912.00N/AN/A61249,2991,566
2023-08-28$28.23$29.0017.3%5.0%14.6%8.5%0.0%2.2%0.9%508.3K-5.6M-48.0K1.339.36N/AN/A21289,3551,584
2023-08-29$28.20$29.0016.3%4.7%13.3%4.1%13.9%3.5%0.7%504.9K-5.5M-48.2K0.079.56N/AN/A12089,3681,612
2023-08-30$27.93$29.0014.8%4.3%13.0%0.0%15.9%6.3%1.9%501.6K-4.5M-44.7K0.9421.30N/AN/A35339,4441,618
2023-08-31$28.01$29.0014.3%4.1%12.5%0.0%8.9%5.7%2.4%499.6K-4.7M-46.3K0.3226.03N/AN/A44149,4741,631