CNP Options History — March 2025

In March 2025, CNP traded between $33.52 and $36.39. ATM implied volatility averaged 21.9%, placing in the 40.8% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 5.6% (HV 20d: 16.3%). Max pain ranged from $31.00 to $33.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 4.10.

Notable Days

  • 2025-03-20: Highest Volume — 4,979 contracts
  • 2025-03-10: Largest IV spike — 22.5% change
  • 2025-03-10: Highest IV Rank — 72.9%
  • 2025-03-10: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.08$33.52$36.39$34.42$36.39
Max Pain$32.62$31.00$33.00$33.00$33.00
ATM IV21.9%18.7%29.1%23.1%20.9%
Expected Move6.6%5.6%8.4%6.6%6.3%
HV 20d16.3%13.4%17.9%13.4%17.9%
HV 60d16.2%15.6%16.6%15.6%16.2%
IV Rank40.8%26.7%72.9%46.1%36.6%
IV Percentile67.1%40.1%98.0%79.0%62.3%
Term Structure0.6%-1.3%1.7%-1.3%1.0%
VWIV23.0%20.2%29.1%22.9%20.5%
Skew 25d2.7%1.0%3.9%2.4%3.6%
Skew 10d4.3%-14.3%11.6%9.3%1.5%
Call IV 25d20.4%16.9%23.3%21.1%18.8%
Put IV 25d23.1%20.1%26.3%23.5%22.3%
Bid-Ask Spread %75.8545.8695.7945.8659.95
Gamma HHI0.200.170.230.190.23
Net GEX1.6M1.0M2.2M1.8M1.5M
Net DEX-26.5M-38.4M-14.2M-24.9M-31.3M
Net VEX-150.5K-165.1K-126.5K-133.0K-163.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.100.0757.330.240.09
Total Volume881.333454,979189964
Total OI27,112.09522,79331,08422,79327,122

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$34.42$33.0023.1%6.6%13.4%46.1%22.9%2.4%-1.3%1.8M-24.9M-133.0K0.2445.86N/AN/A1533617,7575,036
2025-03-04$33.86$33.0022.6%6.5%15.0%43.8%22.6%1.3%-1.0%1.5M-20.0M-126.5K0.7960.29N/AN/A24619417,7235,084
2025-03-05$33.86$33.0022.4%6.4%14.8%43.1%22.3%2.9%0.1%1.6M-19.3M-128.7K57.3376.48N/AN/A512,92417,8705,267
2025-03-06$33.52$33.0023.8%6.8%15.4%49.5%24.4%3.3%-0.1%1.0M-14.2M-132.4K1.9883.45N/AN/A5410717,8778,186
2025-03-07$34.14$33.0023.8%6.8%16.5%49.2%23.5%2.5%0.7%1.4M-19.5M-137.7K0.6189.19N/AN/A281717,8678,198
2025-03-10$34.35$33.0029.1%8.4%16.5%72.9%29.1%3.1%0.3%1.4M-21.8M-140.0K0.7688.39N/AN/A97774017,8838,201
2025-03-11$34.67$33.0024.1%7.9%16.6%50.8%27.7%2.3%-0.0%1.5M-24.2M-150.3K0.1290.86N/AN/A3103818,6598,931
2025-03-12$34.74$33.0022.8%7.3%16.5%44.7%25.9%3.5%0.4%1.7M-24.9M-148.2K1.4592.50N/AN/A558018,6218,948
2025-03-13$34.52$33.0023.5%7.1%16.9%48.2%23.0%3.6%0.7%1.7M-23.4M-148.6K1.2095.79N/AN/A64376918,6378,999
2025-03-14$35.38$33.0022.1%6.7%16.1%41.6%23.5%1.8%1.2%1.9M-31.3M-158.8K0.2191.99N/AN/A71414719,2269,663
2025-03-17$35.55$31.0020.7%6.3%16.1%35.5%22.8%1.0%1.7%2.1M-33.6M-155.0K0.0769.16N/AN/A1,86812819,5159,775
2025-03-18$35.48$31.0021.9%6.6%16.1%41.0%21.9%2.9%1.0%2.2M-33.1M-158.2K0.3068.73N/AN/A2136320,1549,820
2025-03-19$35.89$31.0020.9%6.3%16.0%36.6%23.8%2.6%1.1%2.0M-37.1M-161.0K0.6074.40N/AN/A704220,2729,859
2025-03-20$35.97$31.0020.3%6.1%15.7%34.0%22.1%3.9%1.2%1.8M-38.4M-157.3K15.7674.86N/AN/A2974,68220,3009,897
2025-03-21$35.59$33.0019.3%5.9%16.0%29.2%21.3%2.4%1.2%1.2M-33.1M-161.0K1.5976.83N/AN/A17327520,35210,732
2025-03-24$35.70$33.0018.8%5.6%15.7%27.4%20.2%3.7%0.7%1.3M-24.8M-162.0K0.3071.58N/AN/A1554717,5788,549
2025-03-25$35.09$33.0019.7%6.0%17.1%31.1%20.2%2.1%1.3%1.2M-20.3M-152.6K0.5176.84N/AN/A40520817,6598,574
2025-03-26$35.61$33.0019.5%5.7%17.6%30.5%20.2%3.7%0.8%1.3M-24.7M-158.0K1.1976.56N/AN/A10612618,0268,704
2025-03-27$35.72$33.0018.7%5.8%17.5%26.7%22.1%2.2%1.7%1.4M-25.7M-163.4K0.6261.43N/AN/A583618,0778,817
2025-03-28$36.33$33.0021.3%6.2%17.9%38.1%22.0%2.9%0.4%1.5M-30.4M-165.1K0.3367.76N/AN/A2337618,0998,840
2025-03-31$36.39$33.0020.9%6.3%17.9%36.6%20.5%3.6%1.0%1.5M-31.3M-163.6K0.0959.95N/AN/A8887618,2308,892