CQP Options History — February 2009

In February 2009, CQP traded between $5.51 and $7.10. ATM implied volatility averaged 80.1%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 24.0%. IV traded below realized volatility by 51.4% (HV 20d: 131.4%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.50.

Notable Days

  • 2009-02-24: Highest Volume — 72 contracts
  • 2009-02-27: Largest IV spike — 40.5% change
  • 2009-02-11: Highest IV Rank — 49.4%
  • 2009-02-11: Largest Expected Move — 28.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.15$5.51$7.10$5.70$7.00
Max Pain$6.97$5.00$7.50$5.00$7.50
ATM IV80.1%54.2%99.6%80.4%76.2%
Expected Move24.0%15.5%28.2%23.0%21.8%
HV 20d131.4%100.3%143.2%141.9%100.3%
HV 60d116.4%113.2%120.8%120.8%114.3%
IV Rank36.5%19.5%49.4%36.7%34.0%
IV Percentile56.8%15.1%81.7%59.5%49.6%
Term Structure-0.1%-23.1%21.3%15.7%-0.7%
VWIV73.9%54.2%98.3%54.2%56.3%
Skew 25d23.2%-3.3%48.0%25.2%38.9%
Skew 10d46.0%-1.5%70.7%46.7%50.4%
Call IV 25d72.7%53.5%83.4%60.2%53.5%
Put IV 25d95.9%68.0%116.2%85.4%92.3%
Bid-Ask Spread %88.8253.35105.2682.11104.37
Gamma HHI0.420.340.630.370.63
Net GEX281-6561.4K-6561.4K
Net DEX-15.9K-64.0K26.2K26.2K-54.7K
Net VEX-637-690-568-642-680
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.002.600.000.00
Total Volume14.105072744
Total OI945.211922982940931

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-02-02$5.70$5.0080.4%23.0%141.9%36.7%0.0%25.2%15.7%-65626.2K-6420.0082.1170354586
2009-02-03$5.51$5.0090.4%25.9%142.6%43.3%0.0%0.0%4.2%-52121.1K-6790.0053.35100361586
2009-02-04$5.75$5.0080.8%23.2%142.4%37.0%0.0%15.1%21.3%-117.5K-6750.0054.3500361586
2009-02-05$5.75$5.0083.3%23.9%141.2%38.7%0.0%16.6%16.3%143-2.5K-6410.0058.5000361586
2009-02-06$5.86$7.5069.2%28.0%141.1%29.4%0.0%21.5%-16.5%-230-3.4K-6900.0092.2600361586
2009-02-09$6.00$7.5075.3%28.1%140.9%33.4%0.0%23.4%-9.7%-96-6.4K-6740.0093.6100361586
2009-02-10$5.88$7.5076.0%27.0%141.3%33.8%0.0%18.1%-10.6%-2081.2K-6620.0093.7800361586
2009-02-11$5.67$7.5099.6%28.2%141.3%49.4%54.2%19.7%-20.2%-2813.9K-6200.0092.7304361586
2009-02-12$5.82$7.5094.5%27.1%141.2%46.0%0.0%18.0%-9.3%-3224.3K-6540.0091.5900361582
2009-02-13$6.24$7.5078.1%22.4%137.7%35.3%0.0%37.6%20.0%474-2.0K-6010.00102.8700361582
2009-02-17$7.10$7.5073.0%20.9%142.8%31.9%72.7%48.0%-6.8%1.2K-49.8K-6561.3392.051520361582
2009-02-18$7.05$7.5079.2%22.7%143.2%36.0%79.3%0.0%-13.9%1.1K-64.0K-6770.0095.55220366592
2009-02-19$6.90$7.5073.3%21.0%112.4%32.1%73.9%-3.3%-8.5%1.0K-49.8K-6180.00102.63370382592
2009-02-20$6.17$7.5081.4%23.3%115.8%37.4%98.3%0.0%-23.1%489-34.1K-5830.5999.121710390592
2009-02-23$5.70$7.5086.1%24.7%118.8%40.5%82.3%22.6%3.9%-245.6K-5680.00104.15100381541
2009-02-24$6.24$7.5086.3%24.7%118.1%40.6%56.3%38.9%0.5%334-15.0K-5892.60105.262052391541
2009-02-25$6.00$7.5084.0%24.1%116.0%39.1%0.0%0.0%14.5%574-28.7K-5840.00105.0900410521
2009-02-26$6.57$7.5054.2%15.5%118.4%19.5%0.0%0.0%20.3%988-62.0K-6150.0064.1600410521
2009-02-27$7.00$7.5076.2%21.8%100.3%34.0%0.0%0.0%-0.7%1.4K-54.7K-6800.00104.37440410521