CNP Options History — March 2026

In March 2026, CNP traded between $41.77 and $43.98. ATM implied volatility averaged 21.6%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 6.1% (HV 20d: 15.5%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.51.

Notable Days

  • 2026-03-18: Highest Volume — 2,021 contracts
  • 2026-03-04: Largest IV drop — 12.0% change
  • 2026-03-30: Highest IV Rank — 39.6%
  • 2026-03-30: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.04$41.77$43.98$43.45$43.11
Max Pain$42.68$41.00$43.00$41.00$43.00
ATM IV21.6%19.7%24.9%20.1%22.5%
Expected Move6.2%5.6%7.1%5.8%6.5%
HV 20d15.5%14.4%16.9%15.7%15.8%
HV 60d15.5%14.8%16.3%15.0%16.3%
IV Rank28.8%22.7%39.6%24.1%31.8%
IV Percentile63.1%31.7%92.5%40.1%79.4%
Term Structure0.1%-6.5%3.7%-0.9%1.3%
VWIV21.5%19.7%26.4%19.8%21.2%
Skew 25d3.6%1.6%5.7%1.7%5.2%
Skew 10d9.5%-9.8%24.0%4.8%9.9%
Call IV 25d20.7%19.2%24.0%19.8%21.1%
Put IV 25d24.3%21.5%29.6%21.5%26.4%
Bid-Ask Spread %64.8743.0992.6183.2943.11
Gamma HHI0.220.190.300.190.30
Net GEX2.4M1.7M2.7M2.5M2.4M
Net DEX-38.6M-47.2M-25.0M-44.4M-33.8M
Net VEX-153.5K-161.7K-146.1K-153.0K-147.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.023.880.180.05
Total Volume462.2631372,021323246
Total OI23,756.68421,93225,73022,33724,007

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$43.45$41.0020.1%5.8%15.7%24.1%19.8%1.7%-0.9%2.5M-44.4M-153.0K0.1883.29N/AN/A2744918,1654,172
2026-03-03$43.46$41.0022.4%6.4%15.1%31.4%21.8%2.2%-1.4%2.5M-45.5M-153.6K1.6490.58N/AN/A44272518,4004,208
2026-03-04$43.98$41.0019.7%5.6%14.9%22.7%19.9%3.4%-0.1%2.6M-47.0M-160.8K0.0292.61N/AN/A433718,6364,921
2026-03-05$43.65$43.0019.8%5.6%15.4%22.9%19.7%2.9%-6.5%2.5M-44.9M-161.2K0.0774.28N/AN/A3582518,7184,936
2026-03-06$43.70$43.0020.5%5.9%15.4%25.5%20.7%4.7%3.7%2.5M-45.9M-161.7K0.2373.67N/AN/A1774118,9894,945
2026-03-09$43.59$43.0021.0%5.8%14.9%27.1%21.0%3.4%0.5%2.6M-44.5M-155.8K0.2981.70N/AN/A1965618,9784,973
2026-03-10$43.19$43.0021.9%6.2%15.7%29.8%20.3%4.7%-0.7%2.5M-42.6M-155.9K0.2379.75N/AN/A1262918,8994,992
2026-03-11$42.89$43.0020.7%5.9%14.7%25.9%20.5%3.3%0.3%2.5M-39.1M-155.8K0.3880.49N/AN/A1816918,9394,993
2026-03-12$43.44$43.0022.7%6.9%15.1%32.5%21.9%4.0%-0.9%2.5M-45.5M-151.7K1.0047.29N/AN/A19519519,0625,045
2026-03-13$43.81$43.0021.5%6.1%14.4%28.7%20.7%2.8%0.3%2.6M-47.2M-154.2K0.1062.97N/AN/A2662719,1015,231
2026-03-18$43.20$43.0021.0%5.9%14.6%26.9%23.3%3.8%1.6%2.6M-42.4M-146.1K0.4469.20N/AN/A1,40361819,2865,652
2026-03-19$43.16$43.0020.8%6.0%14.5%26.3%19.9%3.4%1.2%2.5M-40.7M-155.5K0.2151.88N/AN/A1843919,7955,910
2026-03-20$42.00$43.0021.5%6.2%16.9%28.6%21.9%3.2%2.4%2.7M-32.2M-151.0K0.2353.85N/AN/A3558019,7995,931
2026-03-23$41.77$43.0021.8%6.1%16.7%29.5%23.8%1.6%1.0%1.7M-25.0M-148.5K0.2749.93N/AN/A73219517,2364,696
2026-03-24$41.95$43.0021.2%6.1%15.9%27.6%21.4%3.4%1.1%1.8M-26.7M-150.2K0.0248.97N/AN/A134317,8664,851
2026-03-25$42.19$43.0022.5%6.5%16.1%31.8%22.0%4.0%0.5%1.9M-27.4M-148.3K3.8849.21N/AN/A11946217,9114,854
2026-03-26$42.31$43.0023.2%6.7%16.1%34.1%22.1%4.3%0.0%1.8M-27.2M-152.8K0.3243.09N/AN/A1494717,9225,372
2026-03-30$42.89$43.0024.9%7.1%15.9%39.6%26.4%5.7%-1.2%2.1M-32.1M-152.6K0.1156.65N/AN/A1321418,5495,437
2026-03-31$43.11$43.0022.5%6.5%15.8%31.8%21.2%5.2%1.3%2.4M-33.8M-147.1K0.0543.11N/AN/A2351118,5605,447