CNP Options History — April 2024

In April 2024, CNP traded between $27.20 and $29.34. ATM implied volatility averaged 20.5%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 1.9% (HV 20d: 18.6%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.72.

Notable Days

  • 2024-04-16: Highest Volume — 3,895 contracts
  • 2024-04-10: Largest IV spike — 11.7% change
  • 2024-04-15: Highest IV Rank — 59.7%
  • 2024-04-15: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.28$27.20$29.34$28.45$29.23
Max Pain$27.55$27.00$28.00$28.00$27.00
ATM IV20.5%17.0%23.2%18.1%19.7%
Expected Move6.0%5.2%6.7%5.2%5.7%
HV 20d18.6%15.8%21.6%17.7%19.0%
HV 60d16.7%15.3%17.4%16.8%17.2%
IV Rank43.8%22.9%59.7%29.7%39.1%
IV Percentile65.1%21.0%87.3%37.7%55.2%
Term Structure-0.9%-3.2%2.8%2.8%-2.4%
VWIV20.7%16.8%23.4%17.8%19.6%
Skew 25d2.7%0.8%4.5%4.2%2.9%
Skew 10d7.2%1.9%13.4%8.4%6.1%
Call IV 25d19.6%14.9%21.2%14.9%17.5%
Put IV 25d22.2%19.1%24.4%19.1%20.4%
Bid-Ask Spread %62.7520.4085.1148.5475.10
Gamma HHI0.380.330.450.380.45
Net GEX1.2M708.9K1.8M1.4M1.8M
Net DEX-8.5M-14.5M-3.6M-9.7M-13.3M
Net VEX-40.7K-51.1K-28.4K-45.0K-49.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.014.060.224.06
Total Volume594.818343,89555871
Total OI12,790.04511,74913,89412,63613,739

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$28.45$28.0018.1%5.2%17.7%29.7%17.8%4.2%2.8%1.4M-9.7M-45.0K0.2248.54N/AN/A451011,804832
2024-04-02$28.49$28.0018.4%5.3%16.6%31.3%17.0%1.4%1.9%1.4M-9.9M-45.5K0.0959.47N/AN/A1721511,825830
2024-04-03$28.18$28.0018.2%5.2%17.0%29.9%16.8%3.1%2.5%1.2M-8.2M-41.0K0.1057.65N/AN/A31311,924844
2024-04-04$28.05$28.0019.2%6.1%15.8%36.0%20.3%2.6%-0.2%1.2M-7.3M-40.3K0.0172.23N/AN/A110111,912844
2024-04-05$27.98$28.0017.0%6.1%15.8%22.9%21.1%1.8%-0.1%1.1M-7.3M-38.7K0.4474.40N/AN/A552411,937843
2024-04-08$28.16$28.0018.0%6.1%15.9%28.7%21.2%3.9%-0.8%1.3M-7.6M-37.6K0.5970.77N/AN/A372211,937841
2024-04-09$28.23$28.0019.4%5.9%15.9%37.1%20.6%2.3%-1.2%1.3M-8.1M-38.4K0.1475.52N/AN/A58811,956857
2024-04-10$27.41$28.0021.7%6.2%18.5%50.6%21.8%1.7%-0.9%847.5K-4.0M-28.9K0.4536.70N/AN/A36016211,980850
2024-04-11$27.70$28.0020.6%5.9%19.0%44.2%20.6%0.8%0.3%922.9K-4.8M-30.0K2.3220.40N/AN/A286511,859966
2024-04-12$27.48$28.0022.9%6.6%18.7%57.7%21.2%2.6%-1.6%792.5K-4.0M-28.4K0.0127.13N/AN/A3,0074111,865993
2024-04-15$27.31$28.0023.2%6.7%18.8%59.7%23.4%2.5%-1.9%751.0K-4.0M-33.8K0.0442.26N/AN/A2951112,6231,008
2024-04-16$27.20$28.0022.6%6.5%18.7%56.1%21.4%3.3%-1.2%708.9K-3.6M-32.8K0.0253.11N/AN/A3,8306512,8901,004
2024-04-17$27.77$27.0021.7%6.2%20.2%50.9%22.8%2.1%-0.9%768.9K-6.5M-38.4K0.8585.05N/AN/A726111,433990
2024-04-18$27.93$27.0021.4%6.1%20.3%49.0%21.5%3.0%-1.3%798.2K-6.8M-38.0K0.8975.55N/AN/A282511,4341,000
2024-04-19$28.48$27.0022.2%6.4%21.5%53.6%18.8%2.1%-1.4%1.1M-9.7M-42.0K0.0466.30N/AN/A9824111,4281,003
2024-04-22$28.80$27.0020.8%6.0%21.6%45.6%20.8%2.1%-1.6%1.3M-10.9M-44.8K0.0657.19N/AN/A5973811,133616
2024-04-23$28.73$27.0020.6%5.9%21.2%44.3%22.6%2.8%-2.6%1.3M-10.5M-44.5K0.0875.40N/AN/A1261011,539615
2024-04-24$29.13$27.0020.6%5.9%21.0%44.4%21.5%4.5%-2.0%1.6M-13.0M-47.3K0.5569.52N/AN/A1096011,612615
2024-04-25$29.34$27.0022.4%6.4%18.3%55.0%22.1%2.6%-2.6%1.6M-14.5M-49.1K0.7479.31N/AN/A48235711,668649
2024-04-26$28.94$27.0020.5%5.9%18.9%44.0%21.1%2.9%-2.1%1.5M-11.7M-49.7K1.2473.75N/AN/A19123612,0621,199
2024-04-29$29.11$27.0022.3%6.4%19.0%54.4%22.0%3.0%-3.2%1.6M-12.8M-51.1K2.7985.11N/AN/A9125412,2281,194
2024-04-30$29.23$27.0019.7%5.7%19.0%39.1%19.6%2.9%-2.4%1.8M-13.3M-49.7K4.0675.10N/AN/A17269912,3261,413