CNP Options History — February 2025

In February 2025, CNP traded between $32.25 and $34.31. ATM implied volatility averaged 23.8%, placing in the 49.4% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 8.5% (HV 20d: 15.3%). Max pain ranged from $29.00 to $33.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 1.00.

Notable Days

  • 2025-02-19: Highest Volume — 38,128 contracts
  • 2025-02-12: Largest IV drop — 22.0% change
  • 2025-02-10: Highest IV Rank — 78.5%
  • 2025-02-03: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.26$32.25$34.31$32.41$34.31
Max Pain$32.00$29.00$33.00$29.00$33.00
ATM IV23.8%17.9%30.4%28.5%20.5%
Expected Move6.4%5.1%8.2%8.2%5.9%
HV 20d15.3%13.6%17.6%17.5%13.8%
HV 60d16.9%16.3%18.8%18.8%16.4%
IV Rank49.4%23.0%78.5%70.2%34.9%
IV Percentile76.8%32.5%99.6%98.0%61.9%
Term Structure-1.4%-5.9%1.9%-5.6%-0.0%
VWIV22.5%18.0%30.0%30.0%21.6%
Skew 25d1.6%-6.5%4.1%1.3%2.2%
Skew 10d5.7%-1.5%10.3%2.1%8.1%
Call IV 25d21.2%17.2%27.1%27.1%19.4%
Put IV 25d22.8%12.3%28.3%28.3%21.6%
Bid-Ask Spread %60.5143.7994.0466.5648.87
Gamma HHI0.290.180.690.250.19
Net GEX2.1M1.1M5.5M1.8M1.7M
Net DEX-29.7M-50.1M-15.9M-28.6M-23.5M
Net VEX-78.3K-125.9K-52.3K-68.4K-125.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.018.500.140.90
Total Volume3,183.6327938,12879848
Total OI25,978.94715,68433,48426,41922,007

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$32.41$29.0028.5%8.2%17.5%70.2%30.0%1.3%-5.6%1.8M-28.6M-68.4K0.1466.56N/AN/A691019,7726,647
2025-02-04$32.25$29.0027.9%8.0%17.5%67.3%29.7%0.6%-5.1%1.8M-27.0M-64.8K8.5055.39N/AN/A108519,7976,651
2025-02-05$32.28$29.0028.2%8.1%15.9%68.7%27.9%1.4%-5.9%1.8M-27.0M-63.0K2.4765.52N/AN/A389419,7996,718
2025-02-06$32.38$33.0028.4%6.3%15.5%69.7%21.3%2.4%-1.2%1.9M-27.5M-62.1K0.4558.14N/AN/A1305919,8066,698
2025-02-07$32.36$33.0028.4%6.6%15.5%69.8%21.7%1.3%-1.4%1.7M-27.6M-60.6K2.8666.61N/AN/A5114619,7956,741
2025-02-10$32.34$33.0030.4%6.5%15.1%78.5%22.3%3.4%-1.5%1.7M-27.4M-56.7K0.8160.11N/AN/A544419,8186,689
2025-02-11$32.30$33.0030.2%6.5%14.8%77.8%22.5%2.3%-1.3%1.7M-26.9M-54.7K0.3661.68N/AN/A1816619,8406,712
2025-02-12$32.45$32.0023.6%6.8%14.7%48.4%22.5%2.0%-1.5%1.8M-29.1M-54.6K0.0162.74N/AN/A254319,9666,734
2025-02-13$33.39$32.0021.8%6.2%17.6%40.3%20.8%2.6%-0.6%2.5M-38.7M-52.3K0.1765.53N/AN/A6,7911,13419,9876,736
2025-02-14$33.41$32.0021.4%6.1%15.6%38.8%20.9%1.3%-0.6%2.6M-41.8M-86.8K0.0554.92N/AN/A1,4507824,8137,727
2025-02-18$33.70$32.0022.2%6.4%15.8%42.1%22.4%0.9%-0.8%2.7M-45.6M-83.0K0.2457.41N/AN/A48911624,8908,449
2025-02-19$34.11$32.0020.8%6.0%15.5%36.2%21.1%2.5%-0.3%3.6M-50.1M-82.5K0.0151.98N/AN/A37,89823024,9498,535
2025-02-20$33.89$32.0017.9%5.1%14.4%23.0%18.0%4.1%1.9%5.5M-30.1M-79.0K0.6794.04N/AN/A39926920,1118,743
2025-02-21$34.31$32.0019.6%5.6%14.8%30.7%19.4%-6.5%-0.2%2.1M-40.4M-78.9K0.3784.07N/AN/A1,34049020,1058,922
2025-02-24$34.09$33.0019.5%5.6%15.0%30.2%19.9%2.4%-0.3%1.1M-15.9M-80.7K0.0646.16N/AN/A3,22120511,3554,329
2025-02-25$34.09$33.0020.7%5.9%14.8%35.5%20.7%2.5%-1.0%1.2M-18.8M-108.0K0.0456.72N/AN/A7352914,4364,468
2025-02-26$33.95$33.0021.2%6.1%13.6%37.8%22.5%0.7%-1.0%1.2M-18.0M-107.3K0.0343.79N/AN/A3,0968414,4134,481
2025-02-27$33.88$33.0021.3%6.1%13.7%38.4%22.1%2.3%-1.1%1.5M-20.0M-117.8K0.8049.48N/AN/A16313017,3734,588
2025-02-28$34.31$33.0020.5%5.9%13.8%34.9%21.6%2.2%-0.0%1.7M-23.5M-125.9K0.9048.87N/AN/A44740117,3844,623