CNP Options History — May 2024

In May 2024, CNP traded between $29.27 and $30.45. ATM implied volatility averaged 15.6%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.2% (HV 20d: 14.3%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-05-14: Highest Volume — 5,146 contracts
  • 2024-05-13: Largest IV spike — 39.1% change
  • 2024-05-13: Highest IV Rank — 42.7%
  • 2024-05-02: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.70$29.27$30.45$29.32$30.45
Max Pain$28.73$27.00$29.00$27.00$29.00
ATM IV15.6%12.7%20.3%18.4%14.6%
Expected Move4.3%3.6%5.6%5.3%4.2%
HV 20d14.3%9.9%18.6%18.4%17.5%
HV 60d16.5%15.6%17.0%16.9%17.0%
IV Rank15.7%0.0%42.7%31.3%11.1%
IV Percentile16.1%0.0%68.3%41.7%4.0%
Term Structure1.4%-3.2%14.7%-1.9%0.9%
VWIV14.6%11.2%18.6%17.5%16.6%
Skew 25d1.7%0.5%3.7%1.6%1.8%
Skew 10d7.2%-0.4%20.5%9.8%4.0%
Call IV 25d14.1%11.1%17.5%17.5%13.5%
Put IV 25d15.8%13.7%19.3%19.1%15.2%
Bid-Ask Spread %79.4442.79110.1182.7993.33
Gamma HHI0.510.360.910.430.41
Net GEX2.7M1.3M8.8M1.8M1.9M
Net DEX-14.0M-18.7M-7.7M-13.7M-15.4M
Net VEX-51.6K-55.2K-47.6K-49.9K-55.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.014.430.060.23
Total Volume789.864385,1461,585647
Total OI14,321.63611,58816,40014,22013,166

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$29.32$27.0018.4%5.3%18.4%31.3%17.5%1.6%-1.9%1.8M-13.7M-49.9K0.0682.79N/AN/A1,4939212,2991,921
2024-05-02$29.46$27.0019.4%5.6%18.3%37.1%18.6%3.1%-3.2%2.1M-15.8M-54.9K0.0177.91N/AN/A936713,3591,966
2024-05-03$29.41$27.0017.5%5.0%18.3%25.8%16.4%2.6%-0.7%2.3M-15.3M-54.6K0.0588.34N/AN/A7803613,7311,973
2024-05-06$29.27$29.0018.0%4.8%18.4%28.7%16.2%1.1%1.0%2.2M-14.0M-51.4K0.3275.40N/AN/A31710113,8102,001
2024-05-07$29.59$29.0017.4%4.5%18.6%25.1%15.3%1.7%0.7%2.6M-17.1M-53.5K0.2472.01N/AN/A1824314,0082,080
2024-05-08$29.52$29.0016.5%4.6%14.5%19.8%15.9%1.1%1.4%2.7M-16.1M-52.2K0.1577.94N/AN/A811214,0482,115
2024-05-09$29.80$29.0014.9%4.2%14.5%10.7%14.5%1.9%3.2%3.4M-18.7M-52.5K0.0444.56N/AN/A3771514,0552,124
2024-05-10$29.76$29.0014.6%4.2%13.9%8.8%14.7%2.5%1.9%3.5M-18.0M-51.5K0.1442.79N/AN/A2433414,0732,134
2024-05-13$29.66$29.0020.3%4.1%13.7%42.7%14.3%0.8%2.5%3.1M-17.2M-48.8K0.0155.73N/AN/A951614,0392,135
2024-05-14$29.69$29.0019.0%4.1%13.4%34.8%14.4%1.2%3.0%3.4M-17.5M-47.6K0.0174.50N/AN/A5,1093714,2652,135
2024-05-15$29.79$29.0013.3%3.8%11.9%0.8%13.1%0.5%2.7%4.4M-13.6M-48.0K0.5172.88N/AN/A54427512,1492,165
2024-05-16$29.91$29.0013.4%3.8%11.9%1.7%13.5%1.5%14.7%5.5M-15.4M-49.5K0.2291.27N/AN/A3858412,2382,392
2024-05-17$29.99$29.0012.7%3.6%10.3%0.0%11.6%2.5%0.9%8.8M-16.0M-47.6K0.0292.86N/AN/A2,2734812,2392,473
2024-05-20$29.95$29.0013.2%3.8%9.9%3.0%13.2%0.9%0.8%1.6M-11.8M-51.8K0.1261.30N/AN/A233289,5722,016
2024-05-21$30.39$29.0013.2%3.8%10.7%3.1%13.0%2.5%0.2%1.7M-14.9M-52.9K0.0166.62N/AN/A61169,7072,038
2024-05-22$30.13$29.0013.4%3.8%10.6%4.2%13.2%1.1%0.9%1.7M-13.3M-53.9K0.8779.12N/AN/A15813710,1352,043
2024-05-23$29.34$29.0014.8%4.2%14.4%12.2%15.2%0.6%0.7%1.3M-8.3M-50.6K2.32110.11N/AN/A12729510,1872,146
2024-05-24$29.38$29.0014.1%4.0%13.4%8.3%14.0%0.9%0.3%1.3M-8.2M-51.1K0.5995.04N/AN/A31318610,2652,402
2024-05-28$29.69$29.0014.3%4.1%13.7%9.3%14.8%0.8%-0.1%1.6M-10.1M-53.6K0.5291.52N/AN/A442310,5562,584
2024-05-29$29.34$29.0014.9%4.3%14.4%13.0%13.9%2.8%0.5%1.3M-7.7M-50.4K0.25106.89N/AN/A561410,5662,585
2024-05-30$29.63$29.0015.2%4.3%14.8%14.5%11.2%3.7%-0.1%1.5M-9.7M-52.6K4.4394.76N/AN/A73110,5892,592
2024-05-31$30.45$29.0014.6%4.2%17.5%11.1%16.6%1.8%0.9%1.9M-15.4M-55.2K0.2393.33N/AN/A52811910,5892,577