CNP Options History — February 2026

In February 2026, CNP traded between $39.39 and $43.39. ATM implied volatility averaged 21.9%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 5.4% (HV 20d: 16.5%). Max pain ranged from $38.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.50.

Notable Days

  • 2026-02-17: Highest Volume — 5,505 contracts
  • 2026-02-11: Largest IV drop — 12.5% change
  • 2026-02-09: Highest IV Rank — 39.8%
  • 2026-02-04: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.67$39.39$43.39$39.39$43.39
Max Pain$39.68$38.00$40.00$38.00$40.00
ATM IV21.9%18.9%24.9%23.8%19.6%
Expected Move6.1%5.4%7.1%6.8%5.6%
HV 20d16.5%14.8%17.8%17.5%15.7%
HV 60d15.2%13.9%16.0%13.9%15.6%
IV Rank29.8%20.0%39.8%36.1%22.5%
IV Percentile60.7%20.6%91.3%86.5%30.6%
Term Structure-0.4%-3.1%3.2%-2.2%-0.9%
VWIV21.8%18.9%25.0%22.4%19.6%
Skew 25d3.1%0.7%5.9%3.5%2.3%
Skew 10d4.3%-2.8%24.8%4.3%2.3%
Call IV 25d20.9%18.4%23.9%22.5%19.1%
Put IV 25d24.1%20.0%26.9%25.9%21.5%
Bid-Ask Spread %78.1860.4291.5583.6771.04
Gamma HHI0.270.180.360.320.19
Net GEX2.5M1.6M3.2M2.2M2.6M
Net DEX-38.6M-54.0M-22.1M-22.1M-43.0M
Net VEX-127.5K-158.0K-102.1K-117.7K-156.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.013.220.560.79
Total Volume1,349.474505,50550161
Total OI21,608.84216,49124,86420,80522,198

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$39.39$38.0023.8%6.8%17.5%36.1%22.4%3.5%-2.2%2.2M-22.1M-117.7K0.5683.67N/AN/A321815,6735,132
2026-02-03$40.01$38.0023.6%6.8%16.8%35.3%24.9%3.9%-2.2%2.4M-26.8M-116.4K0.0683.97N/AN/A1,1026915,3425,129
2026-02-04$40.31$38.0024.8%7.1%16.8%39.3%25.0%2.5%-3.1%2.6M-30.9M-122.1K0.1586.65N/AN/A1,23218415,9595,139
2026-02-05$40.34$40.0024.8%6.6%15.5%39.2%23.2%4.2%-0.8%2.6M-31.9M-129.4K0.9077.57N/AN/A1029216,5395,344
2026-02-06$40.00$40.0024.5%6.2%16.1%38.4%22.5%3.4%1.3%2.6M-28.1M-126.9K1.7088.42N/AN/A6010216,5955,410
2026-02-09$40.17$40.0024.9%6.2%16.1%39.8%24.9%3.2%-0.4%3.0M-29.4M-123.5K3.2275.45N/AN/A3711916,5895,508
2026-02-10$41.02$40.0024.1%6.1%17.0%37.0%20.4%2.1%0.2%3.1M-37.8M-121.4K0.2076.64N/AN/A1713516,6005,597
2026-02-11$41.03$40.0021.1%6.0%16.3%27.2%23.5%2.5%-0.6%3.2M-38.5M-119.2K0.5675.68N/AN/A1277116,6835,611
2026-02-12$41.72$40.0020.3%5.8%16.6%24.5%20.5%5.9%-0.1%2.6M-46.5M-114.0K0.1691.55N/AN/A1071716,8025,660
2026-02-13$42.38$40.0022.0%6.3%17.1%30.1%22.4%2.7%-1.3%2.5M-50.7M-109.4K0.0369.95N/AN/A6281716,8475,710
2026-02-17$42.64$40.0021.3%6.1%17.0%27.8%21.1%2.9%-0.5%2.4M-53.9M-102.1K0.0174.80N/AN/A5,4614417,0625,722
2026-02-18$42.05$40.0021.0%6.0%17.8%27.0%18.9%5.2%0.8%2.6M-54.0M-122.1K0.1389.55N/AN/A3,40245019,1105,754
2026-02-19$42.36$40.0020.9%6.0%17.8%26.6%21.0%3.9%3.2%2.1M-38.2M-123.7K0.1376.09N/AN/A1,60520114,8416,143
2026-02-20$42.97$40.0018.9%5.4%17.0%20.0%20.4%0.7%0.6%2.0M-43.7M-131.8K0.0778.63N/AN/A2,87320615,5856,045
2026-02-23$42.84$40.0020.0%5.7%16.2%23.7%22.2%2.8%-1.1%1.6M-34.9M-124.0K0.1180.54N/AN/A3,48038213,2883,203
2026-02-24$42.72$40.0020.7%5.9%14.8%25.9%21.9%3.6%-0.3%2.1M-37.5M-148.3K0.2079.61N/AN/A1,63631916,4783,556
2026-02-25$43.37$40.0019.9%5.7%15.3%23.2%20.2%1.7%-0.9%2.5M-44.1M-155.4K0.4965.12N/AN/A50624917,8413,857
2026-02-26$43.04$40.0019.5%5.6%15.9%22.0%19.5%2.7%-0.0%2.4M-40.9M-158.0K0.1160.42N/AN/A3103317,9194,097
2026-02-27$43.39$40.0019.6%5.6%15.7%22.5%19.6%2.3%-0.9%2.6M-43.0M-156.1K0.7971.04N/AN/A907118,0914,107