CNP Options History — April 2025

In April 2025, CNP traded between $35.34 and $38.52. ATM implied volatility averaged 27.0%, placing in the 49.7% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 4.4% (HV 20d: 22.6%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.37.

Notable Days

  • 2025-04-07: Highest Volume — 4,066 contracts
  • 2025-04-16: Largest IV spike — 62.5% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-16: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.03$35.34$38.52$36.80$38.52
Max Pain$34.14$33.00$35.00$33.00$35.00
ATM IV27.0%19.6%43.5%19.7%20.0%
Expected Move7.4%5.7%10.4%6.1%5.7%
HV 20d22.6%16.1%26.5%16.6%25.1%
HV 60d18.2%15.8%19.5%16.2%19.1%
IV Rank49.7%23.8%100.0%31.1%23.8%
IV Percentile80.3%47.2%100.0%49.6%50.8%
Term Structure-1.7%-6.2%4.8%1.8%0.5%
VWIV26.3%20.9%36.5%22.5%21.6%
Skew 25d5.5%-1.7%15.6%1.6%4.6%
Skew 10d10.9%-4.0%29.5%8.1%9.6%
Call IV 25d22.3%18.4%29.3%19.0%18.9%
Put IV 25d27.9%19.0%37.2%20.6%23.5%
Bid-Ask Spread %73.7843.9297.6964.3343.92
Gamma HHI0.180.150.220.220.19
Net GEX1.4M646.1K1.8M1.7M1.7M
Net DEX-35.1M-49.0M-19.1M-35.1M-49.0M
Net VEX-173.8K-182.2K-162.3K-162.3K-165.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.370.0521.720.950.68
Total Volume936.0482744,0664251,209
Total OI31,388.85727,85433,64527,85433,531

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$36.80$33.0019.7%6.1%16.6%31.1%22.5%1.6%1.8%1.7M-35.1M-162.3K0.9564.33N/AN/A21820718,9448,910
2025-04-02$36.89$33.0019.6%6.0%16.6%30.5%22.2%3.3%-0.4%1.7M-36.1M-165.5K0.3463.41N/AN/A2056919,1348,950
2025-04-03$37.47$33.0023.1%6.8%16.1%46.0%23.3%4.0%-2.1%1.6M-40.4M-166.9K0.0572.69N/AN/A5412719,1248,996
2025-04-04$36.42$33.0036.8%8.1%19.4%100.0%29.2%5.8%-3.8%1.3M-31.6M-175.4K1.6586.87N/AN/A23638919,3419,010
2025-04-07$35.73$33.0038.8%8.7%20.9%100.0%32.2%5.8%-3.8%1.2M-26.5M-172.3K21.7286.47N/AN/A1793,88719,4248,987
2025-04-08$35.34$34.0043.5%9.6%21.2%100.0%31.6%7.8%-6.2%646.1K-19.1M-180.0K0.8777.74N/AN/A36231519,43612,486
2025-04-09$36.18$34.0027.8%8.0%22.7%49.2%27.5%8.0%-2.4%1.1M-26.1M-182.0K1.7295.48N/AN/A29650819,69612,513
2025-04-10$35.92$34.0028.7%8.2%22.7%52.0%26.4%10.5%-1.2%894.7K-24.5M-182.2K0.3197.69N/AN/A2558019,78512,272
2025-04-11$36.48$34.0031.9%9.1%21.7%62.5%33.6%8.6%-4.3%1.4M-28.2M-181.2K4.0585.22N/AN/A7831619,92312,316
2025-04-14$37.25$34.0026.8%7.7%22.8%46.0%28.2%0.5%-2.0%1.6M-36.7M-176.0K0.4782.83N/AN/A59527819,98912,585
2025-04-15$37.30$34.0022.4%6.4%22.7%31.7%22.6%-1.7%0.5%1.8M-38.8M-172.8K1.9868.79N/AN/A20640720,32612,825
2025-04-16$36.70$34.0036.4%10.4%23.4%77.2%36.5%3.4%-2.8%1.5M-31.2M-174.8K0.4580.49N/AN/A54124520,51513,130
2025-04-17$37.28$34.0023.8%6.8%24.0%36.2%21.5%15.6%4.8%1.6M-39.9M-170.8K0.1582.92N/AN/A2,23834320,48213,129
2025-04-21$36.43$35.0027.9%8.0%25.2%49.3%27.5%6.2%-2.3%1.1M-28.1M-169.9K1.1264.57N/AN/A32236019,90210,399
2025-04-22$37.34$35.0025.5%7.3%26.5%41.7%26.3%5.7%-2.6%1.3M-35.8M-176.4K9.7177.91N/AN/A1301,26220,04910,501
2025-04-23$37.27$35.0025.8%7.4%25.6%42.8%25.5%5.8%-2.9%1.3M-35.9M-175.9K0.4369.99N/AN/A26911620,16011,678
2025-04-24$37.78$35.0022.5%6.5%25.5%32.0%26.2%5.9%-1.4%1.5M-40.0M-177.8K0.6677.25N/AN/A30920520,25411,717
2025-04-25$38.19$35.0021.9%6.3%25.7%30.0%20.9%4.9%-1.2%1.5M-44.9M-171.7K1.1863.21N/AN/A67078820,30711,839
2025-04-28$38.17$35.0022.6%6.5%25.2%32.3%23.4%5.6%-1.1%1.6M-43.8M-175.7K0.7754.67N/AN/A37028420,58012,546
2025-04-29$38.22$35.0022.0%6.3%25.2%30.3%24.0%4.3%-2.0%1.5M-44.7M-174.5K0.4752.88N/AN/A23211020,70512,770
2025-04-30$38.52$35.0020.0%5.7%25.1%23.8%21.6%4.6%0.5%1.7M-49.0M-165.1K0.6843.92N/AN/A72048920,74412,787