CQP Options History — January 2019

In January 2019, CQP traded between $35.45 and $40.46. ATM implied volatility averaged 29.5%, placing in the 51.0% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 0.0% (HV 20d: 29.5%). Max pain ranged from $36.00 to $38.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2019-01-16: Highest Volume — 479 contracts
  • 2019-01-04: Largest IV drop — 12.1% change
  • 2019-01-03: Highest IV Rank — 69.5%
  • 2019-01-03: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.55$35.45$40.46$35.45$40.45
Max Pain$37.24$36.00$38.00$37.00$38.00
ATM IV29.5%26.2%34.4%33.8%28.0%
Expected Move8.4%7.5%9.9%9.7%7.9%
HV 20d29.5%23.4%33.3%23.4%32.4%
HV 60d30.3%29.0%31.4%29.2%31.2%
IV Rank51.0%38.5%69.5%67.3%45.3%
IV Percentile81.2%70.6%94.4%94.0%73.0%
Term Structure-0.6%-3.5%0.7%-1.1%-2.4%
VWIV30.0%26.8%34.5%31.2%27.9%
Skew 25d4.9%2.8%7.8%5.1%2.8%
Skew 10d9.3%-13.5%21.5%3.8%14.2%
Call IV 25d27.7%24.2%31.8%31.4%26.9%
Put IV 25d32.6%29.3%37.0%36.5%29.7%
Bid-Ask Spread %89.2168.96112.9280.4582.65
Gamma HHI0.570.470.660.600.54
Net GEX-422.4K-662.3K1.6M-476.8K-498.4K
Net DEX7.3M2.7M13.3M13.3M2.7M
Net VEX-43.5K-47.5K-38.5K-39.8K-38.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.132.650.650.75
Total Volume267.76258479140380
Total OI8,198.1437,8128,7047,8128,233

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$35.45$37.0033.8%9.7%23.4%67.3%31.2%5.1%-1.1%-476.8K13.3M-39.8K0.6580.4585551,5966,216
2019-01-03$36.41$36.0034.4%9.9%24.9%69.5%31.7%5.1%-3.5%-476.5K11.2M-44.0K1.3083.691061381,6046,228
2019-01-04$37.52$36.0030.2%8.5%27.3%53.6%30.6%5.1%0.1%-524.0K9.6M-46.3K0.9186.812502271,6726,241
2019-01-07$37.42$37.0033.4%9.0%27.0%65.8%32.8%6.0%0.5%-502.0K9.7M-46.0K0.7568.9673551,8236,304
2019-01-08$38.22$36.0030.9%8.5%27.9%56.1%29.8%4.6%0.2%-496.6K7.8M-47.4K1.1674.41891031,8546,352
2019-01-09$38.49$37.0030.6%8.8%27.5%55.3%31.4%5.7%-0.2%-470.5K7.2M-47.5K0.8795.021431241,8816,395
2019-01-10$38.42$37.0030.1%8.6%27.5%53.3%30.2%5.9%-0.0%-491.7K7.5M-47.0K0.8480.641531291,9166,391
2019-01-11$38.01$37.0028.6%8.2%27.9%47.7%29.6%4.4%0.1%-568.5K8.7M-46.2K0.9477.501491401,9476,415
2019-01-14$38.04$37.0028.6%8.2%27.3%47.4%29.9%5.0%0.3%-549.1K8.7M-44.8K1.2683.4038481,9526,469
2019-01-15$39.76$37.0027.5%7.9%31.3%43.4%26.8%4.2%-1.7%-376.3K4.2M-44.3K0.2286.48359781,9616,492
2019-01-16$39.04$37.0027.1%7.8%30.2%41.6%27.7%3.4%0.7%-429.1K5.7M-44.9K0.23104.63389902,1616,511
2019-01-17$39.30$37.0026.2%7.5%30.1%38.5%26.9%5.5%0.4%-403.2K4.9M-44.5K0.3392.58261862,1766,515
2019-01-18$39.95$37.0026.6%7.6%29.3%39.7%27.5%4.0%0.6%1.6M3.7M-42.8K0.4488.222911282,1796,525
2019-01-22$38.28$38.0029.7%8.5%33.3%51.5%33.3%4.7%-0.1%-609.5K8.2M-43.0K2.6588.79511351,6716,154
2019-01-23$37.95$38.0029.0%8.3%33.3%49.1%28.4%5.7%-0.1%-662.3K9.3M-42.2K0.3191.57177541,7106,226
2019-01-24$38.24$38.0029.6%8.5%30.8%51.5%30.1%7.8%-0.9%-642.4K8.9M-42.5K0.39104.83163641,8056,236
2019-01-25$39.03$38.0027.9%8.0%31.3%44.8%29.6%4.1%-1.0%-627.9K6.8M-42.7K0.8294.8698801,8036,256
2019-01-28$38.78$38.0029.6%8.5%30.9%51.4%30.4%3.0%-1.1%-658.4K7.3M-41.2K0.2995.9045131,7816,258
2019-01-29$40.33$38.0028.4%8.2%33.3%46.9%29.0%5.4%-2.1%-524.6K3.8M-38.9K0.1399.13223301,8176,271
2019-01-30$40.46$38.0029.3%8.4%33.3%50.3%34.5%5.8%-1.3%-508.5K3.0M-38.5K0.15112.92280431,8866,278
2019-01-31$40.45$38.0028.0%7.9%32.4%45.3%27.9%2.8%-2.4%-498.4K2.7M-38.5K0.7582.652171631,9536,280