CNP Options History — July 2025

In July 2025, CNP traded between $35.88 and $38.88. ATM implied volatility averaged 21.1%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 6.9% (HV 20d: 14.3%). Max pain ranged from $36.00 to $37.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.38.

Notable Days

  • 2025-07-22: Highest Volume — 3,569 contracts
  • 2025-07-07: Largest IV spike — 12.3% change
  • 2025-07-09: Highest IV Rank — 28.2%
  • 2025-07-14: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.90$35.88$38.88$36.50$38.88
Max Pain$36.05$36.00$37.00$36.00$36.00
ATM IV21.1%18.1%22.7%19.8%18.1%
Expected Move6.1%5.2%6.5%5.7%5.2%
HV 20d14.3%11.0%21.3%11.4%20.5%
HV 60d16.1%14.1%18.5%18.5%17.4%
IV Rank20.4%8.3%28.2%19.4%8.3%
IV Percentile53.3%13.5%69.8%40.5%13.5%
Term Structure-1.3%-9.3%1.8%-9.3%0.1%
VWIV21.4%18.3%28.3%19.5%18.3%
Skew 25d2.1%-8.0%9.9%2.2%1.1%
Skew 10d7.9%-6.4%26.2%26.2%-6.4%
Call IV 25d18.2%11.8%22.3%14.1%18.1%
Put IV 25d20.3%12.6%24.4%16.2%19.1%
Bid-Ask Spread %89.0858.42121.61121.6158.42
Gamma HHI0.240.220.260.220.25
Net GEX1.7M997.9K2.9M1.5M2.9M
Net DEX-19.6M-41.4M-8.0M-14.3M-41.4M
Net VEX-164.8K-190.0K-146.7K-153.8K-183.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.380.054.784.780.21
Total Volume1,012.3181433,569538532
Total OI31,328.18228,60933,48429,55833,356

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$36.50$36.0019.8%5.7%11.4%19.4%19.5%2.2%-9.3%1.5M-14.3M-153.8K4.78121.61N/AN/A9344521,9067,652
2025-07-02$35.89$36.0019.9%5.7%12.6%19.5%20.8%4.1%1.8%1.0M-9.2M-151.3K3.3382.68N/AN/A5819321,9288,046
2025-07-03$35.96$36.0019.0%6.4%12.3%16.7%22.1%3.7%-2.5%1.1M-9.7M-156.9K0.64107.37N/AN/A875621,9128,087
2025-07-07$36.09$36.0021.4%6.3%12.5%24.7%22.1%-0.5%-0.8%1.2M-10.9M-152.3K0.1797.94N/AN/A1332221,9778,117
2025-07-08$35.88$36.0020.4%6.1%12.3%21.3%19.9%3.1%-1.0%997.9K-8.0M-146.7K0.65101.34N/AN/A31820722,0178,125
2025-07-09$36.06$36.0022.4%6.4%12.5%28.2%20.4%4.8%-0.6%1.0M-11.0M-153.4K3.11100.26N/AN/A19660922,2228,232
2025-07-10$36.19$36.0021.7%6.2%12.1%21.7%19.5%-8.0%-0.8%1.1M-11.6M-152.7K1.5393.98N/AN/A7411322,1948,227
2025-07-11$36.25$36.0022.0%6.3%12.0%22.1%21.0%0.9%-1.5%1.1M-11.3M-151.1K0.0593.02N/AN/A1,2605822,1788,240
2025-07-14$36.20$36.0022.7%6.5%11.7%24.9%22.8%9.9%-0.9%1.2M-12.0M-158.8K4.5793.35N/AN/A5424723,3468,269
2025-07-15$36.15$36.0022.6%6.5%11.7%24.2%22.0%2.3%-1.0%1.1M-12.5M-158.0K0.1784.69N/AN/A1,70428723,3898,248
2025-07-16$36.05$36.0022.2%6.4%11.0%22.9%23.5%-2.5%0.7%1.0M-11.1M-148.8K0.9381.82N/AN/A1,2211,13423,1928,453
2025-07-17$36.54$36.0022.1%6.3%11.8%22.6%28.3%1.4%-1.5%1.5M-16.6M-159.4K1.3071.16N/AN/A14318624,1868,489
2025-07-18$37.20$36.0022.3%6.4%13.0%23.2%22.1%4.4%-1.9%1.8M-21.8M-165.5K0.5783.16N/AN/A26715224,1728,528
2025-07-21$37.32$36.0022.7%6.5%13.0%24.9%21.5%2.5%-1.8%1.6M-22.8M-165.9K0.1096.44N/AN/A6256420,6058,004
2025-07-22$37.78$36.0022.4%6.4%12.7%23.8%24.4%2.5%-1.8%1.8M-27.4M-162.4K0.0880.46N/AN/A3,30326620,9358,030
2025-07-23$37.02$36.0022.4%6.4%14.7%23.8%22.0%1.9%-1.4%2.1M-23.3M-181.2K0.0590.96N/AN/A3,37516223,9528,026
2025-07-24$37.83$36.0020.4%5.9%16.2%16.5%20.7%2.2%-0.4%2.6M-29.8M-189.8K3.3188.27N/AN/A17257024,1988,132
2025-07-25$38.39$36.0019.1%5.5%16.8%11.9%19.7%2.5%0.3%2.7M-36.2M-190.0K0.5466.26N/AN/A37120224,3028,640
2025-07-28$37.27$36.0021.1%6.0%20.1%18.9%20.6%3.8%-1.5%2.3M-24.1M-177.9K0.6685.76N/AN/A1,14675324,3708,617
2025-07-29$38.09$37.0019.6%5.6%21.3%13.5%19.5%2.4%-1.1%2.5M-32.1M-183.4K2.9993.37N/AN/A24773924,3639,121
2025-07-30$38.26$36.0020.2%5.8%21.3%15.8%20.5%2.2%-0.8%2.6M-35.0M-182.7K0.6187.55N/AN/A26616124,4398,798
2025-07-31$38.88$36.0018.1%5.2%20.5%8.3%18.3%1.1%0.1%2.9M-41.4M-183.8K0.2158.42N/AN/A4389424,4928,864