CQP Options History — May 2019

In May 2019, CQP traded between $40.59 and $44.27. ATM implied volatility averaged 25.2%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 4.9% (HV 20d: 20.3%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2019-05-31: Highest Volume — 1,906 contracts
  • 2019-05-13: Largest IV spike — 36.2% change
  • 2019-05-08: Highest IV Rank — 63.0%
  • 2019-05-02: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.76$40.59$44.27$44.27$41.60
Max Pain$41.64$41.00$43.00$43.00$42.00
ATM IV25.2%19.1%32.6%25.9%23.1%
Expected Move6.8%5.5%7.8%7.4%6.6%
HV 20d20.3%13.8%26.8%14.3%26.7%
HV 60d24.2%21.8%25.6%24.7%22.3%
IV Rank32.9%7.3%63.0%37.3%23.5%
IV Percentile48.6%5.2%91.7%60.7%34.9%
Term Structure0.1%-2.4%2.6%-2.2%0.6%
VWIV23.1%18.0%27.5%27.5%21.0%
Skew 25d3.8%2.3%5.3%4.3%5.1%
Skew 10d10.5%3.1%17.9%5.7%3.9%
Call IV 25d22.0%17.7%25.6%25.1%21.0%
Put IV 25d25.8%20.6%29.5%29.4%26.0%
Bid-Ask Spread %78.1262.2890.8690.8680.50
Gamma HHI0.250.210.420.260.22
Net GEX731.5K393.4K1.1M921.9K515.9K
Net DEX-8.2M-14.7M-1.5M-14.7M-3.7M
Net VEX-40.6K-52.9K-29.6K-52.9K-32.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.033.500.490.21
Total Volume507.182931,9065021,906
Total OI7,944.56,2539,1919,1137,074

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$44.27$43.0025.9%7.4%14.3%37.3%27.5%4.3%-2.2%921.9K-14.7M-52.9K0.4990.863371656,8822,231
2019-05-02$43.97$43.0027.1%7.8%14.6%41.8%26.4%3.7%-2.2%928.5K-14.0M-52.1K0.5381.073651956,8872,248
2019-05-03$44.27$43.0026.6%7.6%13.8%40.0%26.6%4.4%-1.2%946.7K-14.2M-51.4K0.4369.104391876,8492,258
2019-05-06$43.01$41.0032.1%7.7%17.7%61.0%25.9%5.0%-2.4%838.2K-11.3M-49.1K0.1162.28218246,6712,278
2019-05-07$43.32$41.0032.6%7.6%17.7%62.7%26.2%5.0%-1.3%877.1K-12.0M-49.7K0.1269.75206246,8182,282
2019-05-08$43.18$41.0032.6%7.5%17.7%63.0%25.4%2.9%-0.6%891.8K-12.1M-49.2K0.0770.19351266,8652,282
2019-05-09$42.45$41.0030.2%7.2%18.7%53.5%24.1%3.4%1.0%779.4K-9.0M-46.3K0.0470.43995356,7902,401
2019-05-10$43.18$41.0023.9%6.6%19.4%29.5%24.4%3.1%1.1%858.1K-8.7M-42.1K0.1175.31247265,9822,402
2019-05-13$42.40$41.0032.6%7.1%20.4%62.6%24.7%3.1%-0.1%599.1K-6.1M-39.2K0.3875.3376295,9822,402
2019-05-14$42.62$41.0028.3%6.7%20.2%46.5%22.7%3.5%0.7%644.4K-6.6M-38.0K0.6477.165133295,8722,407
2019-05-15$42.91$41.0021.9%6.3%20.0%20.1%21.1%3.6%1.3%772.5K-7.1M-37.1K0.0476.518945,8552,339
2019-05-16$43.35$41.0021.5%6.2%19.9%18.5%21.1%3.1%1.2%1.1M-8.9M-38.1K0.0383.90289105,9662,339
2019-05-17$42.67$41.0021.8%6.3%20.6%18.3%21.9%3.4%1.0%513.7K-6.3M-37.2K0.1874.83323586,0762,332
2019-05-20$42.61$41.0021.1%6.0%19.4%15.2%20.5%4.9%0.8%640.8K-6.9M-36.0K0.4779.313831804,8871,366
2019-05-21$43.53$42.0019.4%5.5%20.6%8.4%19.8%3.3%1.2%777.7K-9.5M-38.5K1.1481.5956645,1211,456
2019-05-22$43.73$42.0019.1%5.5%20.6%7.3%18.0%3.0%0.8%805.2K-9.8M-37.9K2.9983.44692065,1371,460
2019-05-23$42.55$42.0020.8%6.0%22.9%14.0%23.5%3.6%0.5%702.0K-7.3M-37.1K2.3885.42982335,1491,550
2019-05-24$42.03$42.0022.8%6.5%23.2%22.1%21.8%2.8%-0.6%643.9K-5.8M-35.4K3.5088.78903155,1591,555
2019-05-28$40.59$42.0024.0%6.9%25.8%26.8%22.8%2.3%-0.3%423.3K-2.1M-29.6K0.4076.935632235,1751,669
2019-05-29$40.67$42.0024.9%7.1%25.7%30.4%22.7%5.2%2.6%393.4K-1.5M-30.0K0.8478.613663095,3401,920
2019-05-30$41.72$42.0022.7%6.5%26.8%21.8%20.7%5.3%0.8%514.8K-3.9M-33.5K0.2987.274161215,1381,927
2019-05-31$41.60$42.0023.1%6.6%26.7%23.5%21.0%5.1%0.6%515.9K-3.7M-32.9K0.2180.501,5793275,1431,931