CQP Options History — June 2019

In June 2019, CQP traded between $41.33 and $43.38. ATM implied volatility averaged 21.9%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 1.0% (HV 20d: 22.8%). Max pain ranged from $42.00 to $43.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.91.

Notable Days

2019-06-04: Highest Volume — 1,472 contracts
2019-06-25: Largest IV spike — 13.2% change
2019-06-03: Highest IV Rank — 29.4%
2019-06-03: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.22	$41.33	$43.38	$42.38	$41.88
Max Pain	$42.85	$42.00	$43.00	$42.00	$43.00
ATM IV	21.9%	20.3%	24.6%	24.6%	22.4%
Expected Move	6.2%	5.8%	7.1%	7.1%	6.4%
HV 20d	22.8%	16.0%	27.6%	27.6%	16.1%
HV 60d	20.4%	19.4%	21.8%	21.8%	19.8%
IV Rank	18.4%	12.2%	29.4%	29.4%	20.5%
IV Percentile	24.8%	12.3%	47.2%	47.2%	29.4%
Term Structure	1.1%	-0.7%	2.9%	0.1%	0.5%
VWIV	21.3%	20.1%	23.0%	23.0%	21.4%
Skew 25d	4.5%	3.4%	7.0%	4.0%	4.7%
Skew 10d	12.5%	6.8%	20.5%	10.1%	12.8%
Call IV 25d	19.7%	18.1%	22.8%	22.8%	20.2%
Put IV 25d	24.2%	22.1%	26.9%	26.9%	24.9%
Bid-Ask Spread %	74.92	44.18	95.72	85.66	54.14
Gamma HHI	0.35	0.29	0.42	0.33	0.35
Net GEX	887.9K	213.5K	1.6M	956.7K	339.2K
Net DEX	-4.9M	-11.6M	-860.3K	-7.2M	-1.7M
Net VEX	-33.1K	-41.6K	-25.6K	-40.4K	-30.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.16	2.40	0.32	2.22
Total Volume	445.2	74	1,472	1,257	467
Total OI	8,116.25	4,571	9,352	8,629	5,441

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-06-03	$42.38	$42.00	24.6%	7.1%	27.6%	29.4%	23.0%	4.0%	0.1%	956.7K	-7.2M	-40.4K	0.32	85.66	953	304	6,548	2,081
2019-06-04	$42.85	$42.00	22.6%	6.5%	26.1%	21.1%	21.4%	7.0%	-0.2%	1.2M	-9.1M	-40.9K	0.27	89.14	1,162	310	6,900	2,013
2019-06-05	$43.06	$42.00	22.2%	6.4%	26.0%	19.6%	22.0%	3.9%	-0.7%	1.4M	-10.3M	-41.6K	1.12	90.22	281	314	6,959	2,043
2019-06-06	$43.38	$43.00	20.9%	6.1%	26.1%	14.5%	21.4%	3.4%	1.4%	1.5M	-11.6M	-41.2K	0.56	63.37	254	142	6,925	2,040
2019-06-07	$43.31	$43.00	20.8%	6.0%	25.3%	14.2%	20.4%	4.0%	1.9%	1.6M	-11.4M	-40.5K	0.41	65.05	279	115	6,922	2,110
2019-06-10	$42.63	$43.00	21.2%	6.1%	25.2%	15.9%	21.9%	4.7%	1.4%	1.3M	-7.4M	-37.2K	0.25	61.89	59	15	6,934	2,178
2019-06-11	$42.25	$43.00	22.8%	6.0%	24.6%	22.3%	20.1%	3.9%	2.0%	1.1M	-6.0M	-35.4K	0.16	76.77	166	27	6,952	2,193
2019-06-12	$41.98	$43.00	21.4%	6.1%	24.6%	16.6%	21.2%	3.9%	0.8%	1.0M	-4.9M	-33.7K	0.43	83.56	90	39	6,924	2,196
2019-06-13	$42.49	$43.00	21.9%	6.3%	24.9%	18.5%	20.9%	3.6%	1.2%	1.2M	-6.4M	-34.1K	0.39	81.28	99	39	6,920	2,192
2019-06-14	$42.12	$43.00	20.4%	5.9%	24.7%	12.7%	21.8%	4.2%	1.3%	1.0M	-4.4M	-30.9K	0.77	76.55	165	127	6,910	2,192
2019-06-17	$41.96	$43.00	21.1%	6.1%	24.2%	15.5%	20.4%	4.6%	1.6%	874.5K	-3.2M	-29.2K	1.23	77.50	60	74	6,921	2,364
2019-06-18	$41.79	$43.00	21.7%	6.2%	24.2%	17.9%	21.5%	4.9%	1.6%	779.1K	-2.4M	-28.1K	0.94	76.33	141	133	6,904	2,367
2019-06-19	$41.85	$43.00	22.3%	6.4%	22.7%	20.3%	22.4%	6.0%	-0.1%	784.0K	-2.5M	-28.6K	0.84	95.72	126	106	6,871	2,408
2019-06-20	$41.48	$43.00	22.9%	6.6%	22.7%	22.7%	21.5%	5.7%	0.4%	603.1K	-860.3K	-26.6K	1.12	78.96	149	167	6,928	2,388
2019-06-21	$41.70	$43.00	20.9%	6.0%	20.9%	14.6%	20.7%	4.5%	1.2%	893.3K	-1.2M	-25.6K	0.49	82.72	450	220	6,923	2,429
2019-06-24	$41.59	$43.00	20.3%	5.8%	20.5%	12.2%	20.7%	4.2%	2.9%	213.5K	-1.3M	-26.9K	0.48	61.85	249	120	3,249	1,322
2019-06-25	$41.33	$43.00	23.0%	6.6%	16.2%	22.8%	21.5%	4.2%	1.7%	230.5K	-1.0M	-28.7K	1.44	44.18	187	269	3,494	1,504
2019-06-26	$42.33	$43.00	21.4%	6.1%	18.1%	16.6%	20.8%	4.6%	2.3%	359.0K	-2.2M	-30.8K	2.40	85.78	149	357	3,633	1,656
2019-06-27	$42.08	$43.00	22.4%	6.4%	16.0%	20.4%	20.7%	4.4%	1.4%	353.1K	-2.1M	-31.1K	2.33	67.67	162	378	3,722	1,669
2019-06-28	$41.88	$43.00	22.4%	6.4%	16.1%	20.5%	21.4%	4.7%	0.5%	339.2K	-1.7M	-30.5K	2.22	54.14	145	322	3,772	1,669