CQP Options History — April 2019

In April 2019, CQP traded between $41.73 and $43.51. ATM implied volatility averaged 25.0%, placing in the 33.5% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 6.7% (HV 20d: 18.3%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2019-04-30: Highest Volume — 2,586 contracts
  • 2019-04-08: Largest IV spike — 8.8% change
  • 2019-04-30: Highest IV Rank — 40.1%
  • 2019-04-30: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.54$41.73$43.51$41.79$43.51
Max Pain$42.19$41.00$43.00$42.00$43.00
ATM IV25.0%23.3%26.7%25.5%26.7%
Expected Move7.2%6.9%7.6%7.4%7.6%
HV 20d18.3%13.9%24.8%24.1%13.9%
HV 60d27.9%24.6%30.3%30.3%24.6%
IV Rank33.5%27.4%40.1%35.7%40.1%
IV Percentile56.5%47.2%64.7%61.1%64.7%
Term Structure-1.0%-3.0%0.7%0.2%-0.8%
VWIV25.7%23.6%27.7%26.2%26.5%
Skew 25d5.1%3.4%6.6%4.0%5.1%
Skew 10d12.4%6.2%21.2%6.2%10.0%
Call IV 25d23.0%21.8%25.4%24.2%25.4%
Put IV 25d28.1%26.4%30.5%28.2%30.5%
Bid-Ask Spread %62.2534.6885.8452.2669.85
Gamma HHI0.330.180.490.300.28
Net GEX458.9K160.1K737.9K338.5K561.5K
Net DEX-4.3M-8.0M-1.2M-1.6M-8.0M
Net VEX-37.6K-43.4K-24.7K-24.7K-43.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.073.280.080.07
Total Volume7931072,5861,4262,586
Total OI7,415.2385,7838,7315,8137,365

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$41.79$42.0025.5%7.4%24.1%35.7%26.2%4.0%0.2%338.5K-1.6M-24.7K0.0852.261,3201064,0601,753
2019-04-02$42.42$42.0024.3%7.3%24.8%31.1%25.9%3.4%0.7%565.0K-4.5M-39.5K0.1540.761,3151925,3321,864
2019-04-03$42.55$42.0023.3%7.0%24.3%27.4%23.9%5.6%-0.5%594.0K-4.9M-40.1K0.1464.301,4291975,3401,875
2019-04-04$42.05$42.0023.5%7.1%22.1%28.0%25.6%5.8%-1.0%493.8K-3.6M-37.6K1.5634.682724255,4711,908
2019-04-05$42.21$42.0023.5%7.1%21.2%28.0%25.3%5.4%-0.3%454.9K-3.2M-38.2K1.3740.053084225,4722,208
2019-04-08$42.02$42.0025.6%7.3%21.2%35.9%26.4%5.1%-0.5%417.6K-2.8M-36.5K3.2846.2625825,4802,217
2019-04-09$42.31$42.0024.9%7.5%21.4%33.4%26.4%4.2%-1.9%486.6K-3.4M-36.7K2.7551.22912505,4802,229
2019-04-10$42.52$42.0024.5%7.0%20.4%31.9%27.7%4.9%-1.2%582.7K-4.2M-37.3K1.0964.791541685,5232,244
2019-04-11$42.97$42.0024.2%6.9%20.8%30.6%27.2%5.8%-0.5%737.9K-5.1M-37.6K0.5052.083491745,5872,223
2019-04-12$42.92$42.0025.2%7.2%17.5%34.4%26.8%5.5%-0.4%735.2K-5.1M-38.2K0.3257.295951905,7052,215
2019-04-15$42.45$41.0026.4%7.6%14.9%39.2%24.8%5.9%-1.3%453.1K-3.4M-35.9K1.0252.3156575,8802,320
2019-04-16$42.11$42.0025.5%7.3%15.2%35.6%25.8%4.6%-1.5%207.9K-2.0M-35.0K0.6466.942631675,9042,555
2019-04-17$41.73$42.0025.0%7.2%14.5%33.6%27.0%4.9%-1.0%160.1K-1.2M-34.4K1.2873.081782276,0382,651
2019-04-18$42.17$43.0024.3%7.0%15.1%31.0%25.2%5.5%-0.8%210.3K-2.4M-35.3K0.9660.622542446,1062,625
2019-04-22$42.99$43.0024.8%7.1%16.4%33.0%24.8%3.9%-1.5%298.3K-5.1M-36.3K0.8485.841481253,9041,879
2019-04-23$42.65$42.0025.7%7.4%16.0%36.3%24.1%5.9%-2.2%320.2K-4.9M-36.4K0.3574.419633404,0321,860
2019-04-24$42.58$42.0025.0%7.2%15.8%33.6%23.6%6.6%-1.6%448.2K-5.2M-40.7K0.1880.129871814,9492,016
2019-04-25$42.87$42.0025.4%7.3%15.9%35.0%25.9%4.0%-1.3%492.1K-6.3M-41.6K0.8484.154183514,9682,030
2019-04-26$43.02$43.0025.0%7.2%14.1%33.7%25.7%5.2%-1.3%500.8K-6.3M-42.0K0.7080.165173615,0192,147
2019-04-29$43.40$43.0025.7%7.4%14.2%36.3%25.8%5.4%-3.0%577.9K-7.8M-42.5K0.4176.01118485,1402,146
2019-04-30$43.51$43.0026.7%7.6%13.9%40.1%26.5%5.1%-0.8%561.5K-8.0M-43.4K0.0769.852,4141725,1922,173