CQP Options History — January 2008

In January 2008, CQP traded between $16.16 and $16.88. ATM implied volatility averaged 62.3%, placing in the 36.9% IV rank vs the trailing year. The 30-day expected move averaged 18.0%. IV traded above realized volatility by 38.5% (HV 20d: 23.8%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.99.

Notable Days

  • 2008-01-15: Highest Volume — 126 contracts
  • 2008-01-30: Largest IV spike — 248.4% change
  • 2008-01-30: Highest IV Rank — 80.1%
  • 2008-01-30: Largest Expected Move — 34.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.56$16.16$16.88$16.55$16.36
Max Pain$15.53$15.00$17.50$15.00$17.50
ATM IV62.3%22.1%119.2%65.2%79.0%
Expected Move18.0%6.3%34.2%18.7%22.7%
HV 20d23.8%17.4%26.7%26.3%17.4%
HV 60d20.6%19.2%22.0%22.0%19.7%
IV Rank36.9%6.4%80.1%39.1%49.6%
IV Percentile75.0%14.2%98.0%81.9%88.6%
Term Structure-26.4%-73.1%12.6%2.6%-9.9%
VWIV60.2%23.5%155.2%50.0%23.5%
Bid-Ask Spread %162.5281.56188.66188.06184.24
Gamma HHI0.390.320.490.480.35
Net GEX2.1K-3.5K7.7K6.1K-3.5K
Net DEX55.4K-117.6K269.1K-117.6K269.1K
Net VEX-2.6K-3.3K-2.0K-2.2K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.004.000.001.00
Total Volume46.905101261820
Total OI941.7626791,1926791,182

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-01-02$16.55$0.0065.2%18.7%26.3%39.1%0.0%0.0%2.6%6.1K-117.6K-2.2K0.00188.06180473206
2008-01-03$16.60$0.0022.1%6.3%26.4%6.4%0.0%0.0%3.4%7.0K-16.6K-2.0K0.6194.872314481206
2008-01-04$16.51$15.0034.4%11.0%26.4%15.7%0.0%0.0%-19.1%6.2K-111.3K-2.2K0.33150.863010474206
2008-01-07$16.67$15.0089.3%16.3%26.7%57.4%50.0%0.0%-30.1%6.9K-72.4K-2.1K2.00184.222040498206
2008-01-08$16.75$15.0024.3%9.4%26.7%8.0%34.0%0.0%0.3%7.7K-56.4K-2.0K2.1381.561532513223
2008-01-09$16.66$15.0028.4%17.6%25.4%11.2%46.1%0.0%-33.2%5.2K-33.2K-2.1K4.00184.971040516247
2008-01-10$16.56$15.0039.5%11.3%25.5%19.6%0.0%0.0%-29.8%4.7K-49.8K-2.4K0.60150.275332516287
2008-01-11$16.67$15.0050.3%14.4%25.1%27.8%0.0%0.0%-26.3%4.5K7.1K-2.4K0.75158.574030540319
2008-01-14$16.77$15.0083.6%24.0%25.1%53.0%0.0%0.0%-57.9%4.2K-30.7K-2.5K2.00185.881020540339
2008-01-15$16.55$15.0085.1%24.4%25.7%54.2%0.0%0.0%-63.5%3.6K-4.9K-2.5K1.14186.835967540359
2008-01-16$16.54$15.0037.5%10.7%24.7%18.0%0.0%0.0%-7.1%1.1K128.6K-2.6K1.00129.693030570425
2008-01-17$16.57$15.0055.1%15.8%23.7%31.4%52.2%0.0%-36.3%1.0K102.4K-2.9K0.31161.686520595455
2008-01-18$16.40$15.0089.6%25.7%22.8%57.6%0.0%0.0%-68.4%-15131.7K-2.8K0.00186.50016559470
2008-01-22$16.40$15.0099.7%28.6%22.8%65.3%0.0%0.0%-68.9%99987.2K-2.9K0.00174.40110549468
2008-01-23$16.30$15.00104.2%29.9%21.4%68.7%155.2%0.0%-73.1%104151.5K-2.7K0.00186.16150564468
2008-01-24$16.50$15.0071.4%20.5%21.7%43.8%0.0%0.0%-13.0%-2.2K196.2K-2.9K2.00173.983060613488
2008-01-25$16.88$15.0028.8%8.2%23.0%11.4%0.0%0.0%-4.3%-2.9K145.2K-3.0K0.95128.601918636528
2008-01-28$16.75$17.5067.7%19.4%23.2%40.9%0.0%0.0%12.6%-2.0K131.6K-3.2K0.00185.88010620538
2008-01-29$16.59$17.5034.2%9.8%20.6%15.6%23.5%0.0%9.3%-3.1K143.5K-3.2K0.00146.93640620548
2008-01-30$16.16$17.50119.2%34.2%20.1%80.1%0.0%0.0%-42.6%-1.2K161.3K-3.3K0.00188.66140644548
2008-01-31$16.36$17.5079.0%22.7%17.4%49.6%0.0%0.0%-9.9%-3.5K269.1K-2.8K1.00184.241010634548