CQP Options History — July 2018

In July 2018, CQP traded between $35.51 and $38.22. ATM implied volatility averaged 22.6%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 5.2% (HV 20d: 17.3%). Max pain ranged from $35.00 to $38.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 4.18.

Notable Days

  • 2018-07-13: Highest Volume — 6,207 contracts
  • 2018-07-06: Largest IV drop — 8.4% change
  • 2018-07-11: Highest IV Rank — 54.0%
  • 2018-07-06: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.38$35.51$38.22$35.64$38.22
Max Pain$37.19$35.00$38.00$35.00$37.00
ATM IV22.6%21.2%24.7%23.2%21.4%
Expected Move6.6%6.1%7.4%6.7%6.1%
HV 20d17.3%12.4%25.6%25.6%17.5%
HV 60d20.5%20.2%20.9%20.6%20.5%
IV Rank40.3%31.6%54.0%44.4%33.0%
IV Percentile53.8%28.6%88.5%66.7%31.7%
Term Structure-1.0%-2.0%0.9%0.3%-1.4%
VWIV24.0%21.6%26.9%23.5%22.4%
Skew 25d4.1%1.8%5.6%5.0%3.9%
Skew 10d5.8%-34.4%16.4%6.6%5.8%
Call IV 25d20.8%19.0%22.9%21.0%19.2%
Put IV 25d24.9%22.6%27.9%26.0%23.1%
Bid-Ask Spread %42.0915.7883.0531.3266.15
Gamma HHI0.240.190.280.230.28
Net GEX-1.2M-2.0M-638.7K-697.0K-1.7M
Net DEX11.5M6.4M16.8M10.6M7.2M
Net VEX-76.0K-83.6K-68.8K-71.0K-72.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.180.459.192.943.37
Total Volume2,887.7141,2556,2071,6742,542
Total OI16,814.1914,29019,28714,29019,287

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$35.64$35.0023.2%6.7%25.6%44.4%23.5%5.0%0.3%-697.0K10.6M-71.0K2.9431.324251,2493,02011,270
2018-07-03$35.72$35.0022.8%6.5%25.6%41.7%23.1%2.9%0.5%-704.4K9.9M-72.0K3.0224.344161,2573,01611,293
2018-07-05$35.89$38.0023.1%7.1%25.6%43.9%25.6%4.4%-1.6%-683.7K9.3M-69.8K2.8340.474581,2963,04711,303
2018-07-06$35.79$38.0021.2%7.4%24.9%31.6%26.6%5.4%-1.1%-693.4K10.2M-70.8K1.3861.349321,2873,05011,357
2018-07-09$35.51$38.0022.9%7.0%19.0%42.7%26.6%5.1%-0.7%-698.0K10.8M-71.4K0.4526.358663893,42311,378
2018-07-10$35.75$38.0023.9%7.0%12.4%48.7%25.9%5.0%-1.1%-678.7K9.8M-70.4K0.4834.068764203,47211,433
2018-07-11$35.75$38.0024.7%7.1%12.4%54.0%26.9%5.0%-1.7%-688.6K10.3M-70.8K0.8942.908697713,48111,443
2018-07-12$36.51$38.0023.1%6.6%14.4%43.4%23.1%4.0%-2.0%-638.7K6.4M-68.8K2.0383.058691,7623,49011,711
2018-07-13$36.36$38.0022.5%6.5%14.4%40.0%23.1%2.7%-0.6%-824.9K8.3M-71.6K6.7439.508025,4053,48712,710
2018-07-16$36.22$38.0022.7%6.5%14.4%40.9%21.6%3.7%-0.7%-1.1M12.1M-76.5K3.0318.588192,4783,49313,718
2018-07-17$35.74$37.0023.3%6.7%14.9%45.1%23.1%4.1%-0.9%-1.3M15.3M-76.4K4.8815.787103,4673,44913,762
2018-07-18$36.41$37.0022.2%6.4%16.3%38.2%24.3%3.8%-0.9%-1.3M13.6M-82.4K4.8240.197453,5933,44914,837
2018-07-19$36.64$37.0022.2%6.4%16.1%37.9%23.9%4.5%-0.8%-1.1M12.2M-83.6K9.1924.094223,8793,49615,004
2018-07-20$36.64$37.0021.6%6.2%15.9%34.1%22.5%1.8%-1.0%-1.7M13.1M-82.3K7.4341.515594,1533,48415,122
2018-07-23$36.57$37.0023.2%6.7%14.6%44.6%25.0%2.2%-1.9%-1.8M14.8M-82.1K4.7259.064422,0882,58215,134
2018-07-24$36.27$37.0022.2%6.4%14.4%37.9%22.5%3.4%-1.1%-2.0M16.8M-81.4K5.2529.315022,6382,61715,256
2018-07-25$37.07$37.0021.5%6.2%16.4%33.4%23.6%4.5%-1.0%-1.9M12.5M-81.1K5.5050.234592,5252,67815,856
2018-07-26$37.14$37.0022.1%6.3%16.4%37.3%23.7%3.7%-1.3%-1.9M12.6M-82.3K7.2336.353502,5292,75315,865
2018-07-27$36.79$37.0021.7%6.2%16.2%34.7%22.6%5.6%0.9%-2.0M14.0M-80.7K6.6080.623932,5952,71115,883
2018-07-30$37.40$37.0022.3%6.4%16.6%38.7%23.5%5.0%-1.9%-2.0M11.1M-78.6K4.9438.654052,0002,73816,540
2018-07-31$38.22$37.0021.4%6.1%17.5%33.0%22.4%3.9%-1.4%-1.7M7.2M-72.5K3.3766.155821,9602,74416,543