CQP Options History — April 2018

In April 2018, CQP traded between $29.25 and $31.19. ATM implied volatility averaged 22.7%, placing in the 30.2% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 0.7% (HV 20d: 22.0%). Max pain ranged from $26.00 to $29.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2018-04-17: Highest Volume — 3,419 contracts
  • 2018-04-06: Largest IV spike — 20.2% change
  • 2018-04-09: Highest IV Rank — 51.2%
  • 2018-04-09: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.03$29.25$31.19$29.46$31.19
Max Pain$26.62$26.00$29.00$29.00$28.00
ATM IV22.7%19.7%25.5%24.0%22.7%
Expected Move6.5%5.6%7.2%6.9%6.5%
HV 20d22.0%15.0%26.1%26.1%17.2%
HV 60d21.8%21.0%22.4%21.8%21.6%
IV Rank30.2%7.5%51.2%39.7%29.8%
IV Percentile56.7%5.2%94.4%80.6%59.1%
Term Structure-0.9%-3.3%0.6%-0.7%-3.3%
VWIV25.6%20.9%34.8%22.5%25.0%
Skew 25d5.3%3.7%8.8%3.7%6.5%
Skew 10d10.7%2.5%19.3%11.5%2.5%
Call IV 25d19.9%15.4%21.8%20.5%19.5%
Put IV 25d25.2%22.9%27.0%24.2%26.0%
Bid-Ask Spread %42.6318.52103.7634.58103.76
Gamma HHI0.550.450.620.620.47
Net GEX-639.9K-793.9K-519.3K-551.0K-709.2K
Net DEX7.2M3.9M10.1M7.7M5.2M
Net VEX-44.2K-51.2K-39.9K-41.1K-48.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.215.651.245.65
Total Volume1,557.2868033,4191,6603,054
Total OI10,427.3339,41211,8489,41210,972

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$29.46$29.0024.0%6.9%26.1%39.7%22.5%3.7%-0.7%-551.0K7.7M-41.1K1.2434.587409202,6866,726
2018-04-03$29.49$29.0024.0%6.9%25.6%40.1%23.0%4.4%-0.0%-548.3K7.5M-40.9K0.4623.389164212,7036,733
2018-04-04$29.25$29.0023.6%6.8%25.2%37.2%22.9%4.7%0.6%-519.3K8.1M-40.0K0.4840.529004322,8456,741
2018-04-05$29.75$26.0020.8%6.4%25.7%16.2%23.9%6.6%-0.6%-559.8K6.8M-41.6K0.7042.758956302,8436,759
2018-04-06$29.42$26.0025.1%7.2%25.7%47.9%27.3%5.9%-1.9%-563.2K8.0M-42.8K0.6538.399095882,7877,179
2018-04-09$29.34$26.0025.5%7.2%25.3%51.2%23.8%5.1%-1.3%-577.8K8.4M-40.3K0.2334.378521992,8557,183
2018-04-10$29.44$26.0025.0%7.1%25.0%47.1%21.5%5.6%-2.0%-594.2K8.2M-41.0K0.2133.639401992,8607,196
2018-04-11$29.47$26.0024.6%7.1%25.0%44.6%25.9%5.5%-1.6%-580.8K7.9M-41.3K0.3181.968522642,9647,207
2018-04-12$29.79$26.0022.0%6.3%25.0%24.9%29.6%5.3%-0.5%-607.7K7.1M-41.6K0.3118.528242542,9177,295
2018-04-13$29.59$26.0022.3%6.4%24.0%27.4%21.4%4.6%0.5%-595.7K8.0M-39.9K0.4225.478393522,9157,307
2018-04-16$30.26$26.0022.7%6.5%25.1%29.9%25.6%5.6%-1.4%-674.7K5.6M-40.6K0.3925.489423642,9377,407
2018-04-17$30.63$26.0019.7%5.6%22.9%7.5%20.9%5.5%-0.2%-642.2K3.9M-40.3K2.4620.779872,4323,0357,427
2018-04-18$30.66$26.0020.2%5.8%22.8%11.2%32.9%4.1%0.1%-648.6K4.9M-47.0K2.8818.818182,3553,2418,187
2018-04-19$30.77$26.0021.0%6.0%22.5%17.2%27.9%5.1%0.2%-624.7K4.6M-47.0K2.8982.277962,3043,2678,210
2018-04-20$30.51$26.0021.5%6.2%15.2%20.8%25.3%5.3%-0.3%-680.4K6.1M-51.2K0.3862.249393573,2568,592
2018-04-23$30.61$26.0022.4%6.4%15.0%27.8%34.8%4.8%-0.5%-698.7K7.2M-50.1K0.7738.324533502,4798,123
2018-04-24$30.04$26.0023.5%6.7%17.1%36.2%26.4%4.7%-2.2%-746.6K9.5M-48.2K0.9245.124734372,4928,155
2018-04-25$30.02$26.0022.7%6.5%17.2%29.8%26.9%5.6%-1.3%-792.1K10.1M-47.8K0.7944.964843812,5308,259
2018-04-26$30.14$27.0022.6%6.5%16.9%29.3%26.8%3.7%-1.4%-793.9K9.5M-48.5K0.7822.914903812,5678,283
2018-04-27$30.76$27.0021.1%6.0%17.2%17.9%24.1%8.8%-0.5%-729.6K7.0M-47.7K0.6957.125813992,5718,283
2018-04-30$31.19$28.0022.7%6.5%17.2%29.8%25.0%6.5%-3.3%-709.2K5.2M-48.4K5.65103.764592,5952,6808,292