CNP Options History — February 2024

In February 2024, CNP traded between $27.34 and $28.27. ATM implied volatility averaged 19.1%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 3.4% (HV 20d: 15.7%). Max pain ranged from $26.00 to $28.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.80.

Notable Days

  • 2024-02-14: Highest Volume — 646 contracts
  • 2024-02-28: Largest IV spike — 10.7% change
  • 2024-02-13: Highest IV Rank — 37.7%
  • 2024-02-13: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.69$27.34$28.27$28.27$27.59
Max Pain$27.90$26.00$28.00$26.00$28.00
ATM IV19.1%16.5%21.5%19.9%17.0%
Expected Move5.5%4.7%6.2%5.7%4.9%
HV 20d15.7%13.5%18.1%17.6%15.7%
HV 60d19.7%19.1%20.6%20.4%19.2%
IV Rank26.7%15.1%37.7%30.5%17.5%
IV Percentile39.9%11.9%69.8%44.8%17.5%
Term Structure0.1%-1.4%0.9%0.4%0.1%
VWIV19.0%14.9%21.0%19.5%17.1%
Skew 25d2.8%1.5%4.9%2.8%2.5%
Skew 10d8.3%-1.0%14.2%11.5%2.4%
Call IV 25d17.6%12.9%20.0%18.2%14.8%
Put IV 25d20.4%17.0%23.3%21.1%17.3%
Bid-Ask Spread %74.4239.6899.4475.6677.22
Gamma HHI0.310.220.650.270.26
Net GEX575.5K227.5K1.8M638.2K439.9K
Net DEX-2.9M-4.9M-1.2M-4.9M-2.5M
Net VEX-25.0K-29.4K-21.2K-29.3K-22.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.800.0111.252.330.08
Total Volume186.152664629028
Total OI7,956.66,1948,8668,1717,024

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$28.27$26.0019.9%5.7%17.6%30.5%19.5%2.8%0.4%638.2K-4.9M-29.3K2.3375.66N/AN/A872036,9141,257
2024-02-02$28.09$28.0019.4%5.5%17.5%28.1%20.5%2.5%0.7%605.0K-4.1M-29.4K1.3152.65N/AN/A51677,0281,450
2024-02-05$27.68$28.0020.2%5.6%18.1%31.7%19.7%2.0%0.5%487.3K-2.6M-26.2K0.0577.73N/AN/A310147,0321,471
2024-02-06$27.69$28.0018.8%5.6%17.7%25.4%19.0%2.9%0.7%565.5K-2.8M-25.9K4.8039.68N/AN/A10487,2861,477
2024-02-07$27.54$28.0019.1%5.5%17.7%26.6%20.3%2.1%0.6%523.9K-2.3M-25.3K2.8782.16N/AN/A30867,2891,486
2024-02-08$27.34$28.0020.3%5.8%17.7%32.3%21.0%3.2%0.8%431.1K-1.5M-23.4K0.2987.66N/AN/A2477,2951,560
2024-02-09$27.52$28.0019.2%5.5%13.6%27.2%19.7%2.2%0.9%511.8K-2.2M-24.8K11.2565.37N/AN/A4457,3031,562
2024-02-12$27.76$28.0019.8%5.7%13.7%29.8%20.0%3.1%0.7%730.9K-2.9M-23.9K1.0081.46N/AN/A58587,3041,562
2024-02-13$27.34$28.0021.5%6.2%14.6%37.7%20.6%3.3%-0.0%227.5K-1.3M-21.2K0.1354.42N/AN/A2337,3001,559
2024-02-14$27.34$28.0021.3%6.1%13.5%36.5%20.8%2.9%-0.0%291.9K-1.2M-23.0K0.0147.66N/AN/A63887,0741,641
2024-02-15$27.77$28.0019.4%5.5%14.5%28.0%21.0%2.8%-0.3%1.1M-3.6M-25.8K0.2375.41N/AN/A4097,3991,386
2024-02-16$27.89$28.0019.3%5.5%14.6%27.7%19.4%2.1%-0.3%1.8M-4.0M-25.8K0.1992.11N/AN/A283547,4231,387
2024-02-20$27.73$28.0019.0%5.4%14.3%26.3%16.7%1.5%-1.2%428.2K-3.1M-23.5K0.0894.43N/AN/A437335,527667
2024-02-21$28.16$28.0018.2%5.2%15.2%22.9%17.7%4.7%-0.3%537.9K-4.3M-27.6K0.0799.44N/AN/A240175,859653
2024-02-22$27.89$28.0018.1%5.2%15.2%22.5%18.8%2.4%-0.6%504.2K-3.7M-26.4K5.0984.50N/AN/A683466,071647
2024-02-23$27.88$28.0018.1%5.2%14.6%22.4%18.1%2.2%-1.4%442.6K-3.5M-27.7K0.2590.17N/AN/A3286,116990
2024-02-26$27.37$28.0018.2%5.2%16.1%22.7%17.3%4.1%-0.1%352.3K-1.9M-22.6K2.4772.88N/AN/A661636,137986
2024-02-27$27.56$28.0016.5%4.7%15.6%15.1%17.1%4.9%0.5%440.6K-2.6M-22.8K2.3967.01N/AN/A18436,161841
2024-02-28$27.48$28.0018.3%5.2%15.6%23.0%14.9%2.1%0.4%414.6K-2.2M-22.1K1.1370.81N/AN/A30346,165843
2024-02-29$27.59$28.0017.0%4.9%15.7%17.5%17.1%2.5%0.1%439.9K-2.5M-22.6K0.0877.22N/AN/A2626,174850