CNP Options History — January 2025

In January 2025, CNP traded between $30.87 and $33.08. ATM implied volatility averaged 22.5%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 5.2% (HV 20d: 17.3%). Max pain ranged from $28.00 to $32.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.11.

Notable Days

  • 2025-01-15: Highest Volume — 7,719 contracts
  • 2025-01-22: Largest IV spike — 44.1% change
  • 2025-01-27: Highest IV Rank — 62.2%
  • 2025-01-27: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.03$30.87$33.08$31.44$32.47
Max Pain$28.95$28.00$32.00$32.00$29.00
ATM IV22.5%16.7%26.7%20.0%26.2%
Expected Move6.5%4.8%7.7%5.7%7.5%
HV 20d17.3%15.7%19.4%15.7%17.6%
HV 60d19.8%18.9%20.5%19.0%18.9%
IV Rank43.7%17.8%62.2%32.7%60.0%
IV Percentile75.9%21.8%96.0%65.1%94.4%
Term Structure-1.7%-7.3%4.0%3.1%-4.1%
VWIV23.4%18.2%28.9%20.7%26.2%
Skew 25d2.5%0.5%4.6%2.3%1.6%
Skew 10d4.7%-4.9%13.4%-0.9%2.7%
Call IV 25d21.8%17.7%26.2%18.8%25.4%
Put IV 25d24.3%19.6%28.7%21.2%27.0%
Bid-Ask Spread %60.8241.9483.3166.3248.59
Gamma HHI0.260.210.740.210.26
Net GEX1.9M985.3K7.9M1.5M1.8M
Net DEX-25.4M-37.3M-14.8M-20.0M-29.0M
Net VEX-69.4K-75.3K-58.8K-75.1K-71.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.0011.222.080.38
Total Volume1,248.15147,71974124
Total OI24,786.0522,36931,43523,41326,328

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$31.44$32.0020.0%5.7%15.7%32.7%20.7%2.3%3.1%1.5M-20.0M-75.1K2.0866.32N/AN/A245018,0445,369
2025-01-03$31.68$32.0017.4%5.0%16.0%21.0%18.2%1.9%4.0%1.7M-21.1M-74.7K0.2168.62N/AN/A24518,0495,336
2025-01-06$31.09$28.0020.1%6.4%17.2%33.0%22.1%1.5%-1.2%1.2M-17.1M-67.8K3.5661.30N/AN/A279618,0535,333
2025-01-07$30.87$28.0018.2%6.0%16.4%24.4%21.9%2.2%-0.7%1.1M-14.8M-65.9K1.0861.26N/AN/A24626518,0535,410
2025-01-08$30.88$28.0020.5%6.4%16.2%34.6%21.6%3.1%-0.8%1.1M-15.0M-66.6K0.6966.50N/AN/A261818,1465,569
2025-01-10$31.27$28.0022.1%6.7%16.9%42.0%25.3%2.5%-1.3%1.2M-17.7M-65.6K0.1968.58N/AN/A4679018,1415,562
2025-01-13$31.59$28.0024.5%6.6%17.3%52.5%23.2%3.5%-1.4%1.3M-20.5M-66.8K0.0355.48N/AN/A118318,5575,644
2025-01-14$31.82$28.0023.0%6.4%16.6%45.9%22.9%2.7%-0.6%1.5M-22.8M-63.2K0.5654.06N/AN/A9518,6625,646
2025-01-15$31.89$28.0021.6%6.2%16.6%39.7%21.7%3.0%-0.8%1.6M-23.7M-61.9K0.1683.31N/AN/A6,6791,04018,6665,650
2025-01-16$32.67$29.0020.8%6.0%18.7%36.2%21.2%3.9%-7.3%7.9M-37.3M-65.2K0.0273.61N/AN/A5,4949424,7516,684
2025-01-17$32.59$29.0021.6%6.2%18.0%39.5%19.5%3.5%-0.6%985.3K-29.7M-58.8K0.0079.51N/AN/A4,284820,6706,709
2025-01-21$33.08$29.0016.7%4.8%18.5%17.8%21.2%4.6%-0.1%1.7M-33.2M-71.4K0.0853.03N/AN/A3262616,8385,531
2025-01-22$32.56$29.0024.0%6.9%19.4%50.3%22.8%1.4%-2.5%1.7M-29.3M-72.2K0.0143.87N/AN/A2,7851517,0095,545
2025-01-23$32.47$29.0024.8%7.1%17.9%53.8%26.8%2.0%-3.2%1.9M-29.4M-72.7K0.1141.95N/AN/A3343618,8135,604
2025-01-24$32.39$29.0023.6%6.8%16.9%48.6%24.4%2.1%-2.5%1.9M-28.7M-74.4K0.7265.06N/AN/A25518419,1075,627
2025-01-27$32.72$29.0026.7%7.7%16.9%62.2%28.9%2.5%-3.7%1.9M-31.9M-74.1K0.1656.35N/AN/A3455519,2195,798
2025-01-28$32.25$29.0026.2%7.5%17.8%59.8%26.2%1.5%-3.7%1.9M-28.0M-71.9K11.2241.94N/AN/A7483019,4615,829
2025-01-29$32.28$29.0025.9%7.4%17.7%58.7%26.3%0.5%-4.4%1.8M-27.5M-72.8K0.0473.84N/AN/A226819,4966,580
2025-01-30$32.67$29.0026.3%7.5%17.9%60.3%26.3%4.3%-2.5%1.9M-30.7M-75.3K0.8753.30N/AN/A14312519,6476,585
2025-01-31$32.47$29.0026.2%7.5%17.6%60.0%26.2%1.6%-4.1%1.8M-29.0M-71.8K0.3848.59N/AN/A903419,7196,609