CQP Options History — October 2018

In October 2018, CQP traded between $32.90 and $39.66. ATM implied volatility averaged 27.6%, placing in the 62.6% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 10.5% (HV 20d: 17.1%). Max pain ranged from $36.00 to $39.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.54.

Notable Days

  • 2018-10-19: Highest Volume — 1,390 contracts
  • 2018-10-08: Largest IV spike — 16.7% change
  • 2018-10-24: Highest IV Rank — 100.0%
  • 2018-10-29: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.84$32.90$39.66$39.66$33.80
Max Pain$37.70$36.00$39.00$37.00$36.00
ATM IV27.6%19.1%42.3%19.1%33.3%
Expected Move7.9%5.5%12.1%5.5%9.6%
HV 20d17.1%11.7%23.5%11.9%23.5%
HV 60d20.0%18.8%21.0%19.3%20.6%
IV Rank62.6%18.4%100.0%18.4%65.6%
IV Percentile74.8%11.1%100.0%11.1%98.4%
Term Structure-2.5%-12.2%1.8%1.4%-3.5%
VWIV26.7%14.2%41.1%19.4%34.0%
Skew 25d4.8%2.7%8.8%2.8%5.1%
Skew 10d10.0%4.8%18.5%4.8%13.6%
Call IV 25d25.3%18.3%36.2%18.6%31.7%
Put IV 25d30.2%21.4%43.0%21.4%36.8%
Bid-Ask Spread %41.4824.5487.2724.5449.91
Gamma HHI0.680.590.750.660.61
Net GEX-697.4K-888.5K-360.1K-816.4K-415.7K
Net DEX13.9M4.8M21.6M4.8M21.5M
Net VEX-56.2K-72.1K-30.6K-72.1K-31.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.384.180.412.40
Total Volume1,050.0879101,3909441,135
Total OI11,542.26110,60112,06711,79310,928

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-10-01$39.66$37.0019.1%5.5%11.9%18.4%19.4%2.8%1.4%-816.4K4.8M-72.1K0.4124.546712733,0978,696
2018-10-02$39.64$37.0019.2%5.5%11.7%19.2%14.2%3.5%1.8%-803.5K4.9M-71.5K0.3925.126742663,1058,699
2018-10-03$39.59$37.0019.7%5.7%11.7%22.5%14.6%2.7%0.9%-834.6K4.9M-71.1K0.4237.916402703,1168,689
2018-10-04$39.51$38.0019.6%6.0%11.8%21.2%21.6%3.4%-1.1%-866.2K5.5M-70.5K0.6727.326354253,1288,705
2018-10-05$39.59$39.0019.5%5.8%11.7%20.9%21.1%3.2%-0.4%-858.2K4.9M-70.6K0.6828.466284243,1308,737
2018-10-08$39.19$39.0022.8%6.4%12.4%41.5%22.2%3.5%-1.3%-870.0K6.5M-69.8K0.5743.476293593,1328,726
2018-10-09$39.42$39.0021.3%6.4%12.3%32.3%23.7%4.5%-1.0%-861.1K6.1M-68.6K0.6130.136423913,1348,750
2018-10-10$38.78$39.0024.1%6.9%13.6%50.2%23.5%3.7%-1.1%-888.5K8.4M-70.3K0.7560.066975203,1678,779
2018-10-11$37.59$39.0026.2%7.5%17.7%63.2%25.1%5.6%-0.9%-762.0K12.7M-67.4K0.5679.866303543,1828,651
2018-10-12$36.98$39.0030.0%8.6%18.1%87.2%25.6%5.5%-5.5%-769.4K15.4M-63.0K0.4763.907803653,1998,664
2018-10-15$36.84$38.0028.0%8.0%17.8%74.9%25.5%5.0%-3.2%-746.1K15.7M-62.1K0.4130.637633103,3878,675
2018-10-16$37.67$38.0026.5%7.6%19.3%65.2%25.0%4.5%-2.2%-807.2K12.6M-65.2K0.3938.537392883,4008,635
2018-10-17$36.80$38.0027.0%7.7%20.5%68.5%25.4%4.9%-2.6%-712.5K16.1M-60.5K0.3844.337372813,4138,635
2018-10-18$36.39$38.0028.5%8.2%19.3%77.7%26.8%5.9%-2.8%-698.6K17.6M-57.4K0.4634.606262913,4218,626
2018-10-19$36.54$37.0026.3%7.5%19.4%64.0%27.3%5.6%-1.9%-849.8K17.3M-56.6K1.3325.205967943,4528,615
2018-10-22$35.94$37.0028.7%8.2%19.8%79.2%27.5%4.9%-3.0%-768.9K18.6M-50.4K3.4727.252047082,4778,464
2018-10-23$35.17$37.0030.1%8.6%19.4%87.8%30.5%3.6%-3.2%-629.2K20.6M-43.5K4.0231.541887552,5088,464
2018-10-24$34.41$37.0032.0%9.2%20.1%100.0%32.0%3.7%-4.5%-501.9K21.6M-36.3K3.9632.651917562,5078,354
2018-10-25$34.13$37.0035.3%10.1%19.7%100.0%32.8%8.8%-4.3%-454.4K20.5M-35.5K4.1839.651807522,5108,091
2018-10-26$33.76$37.0037.0%10.6%19.7%100.0%39.4%8.8%-2.6%-392.9K21.1M-33.7K3.3347.332859482,5118,091
2018-10-29$32.90$37.0042.3%12.1%20.5%100.0%41.1%6.9%-12.2%-360.1K21.3M-30.6K3.1087.273039402,6188,281
2018-10-30$33.10$37.0037.4%10.7%21.0%81.1%36.9%5.4%-5.0%-372.9K20.8M-33.3K2.5344.473147952,6438,280
2018-10-31$33.80$36.0033.3%9.6%23.5%65.6%34.0%5.1%-3.5%-415.7K21.5M-31.9K2.4049.913348012,6528,276