CQP Options History — July 2019

In July 2019, CQP traded between $42.48 and $46.45. ATM implied volatility averaged 20.9%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 3.4% (HV 20d: 17.5%). Max pain ranged from $42.00 to $43.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.13.

Notable Days

  • 2019-07-18: Highest Volume — 1,244 contracts
  • 2019-07-08: Largest IV spike — 30.6% change
  • 2019-07-29: Highest IV Rank — 31.6%
  • 2019-07-29: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.01$42.48$46.45$42.98$45.04
Max Pain$42.91$42.00$43.00$43.00$43.00
ATM IV20.9%16.5%24.7%18.4%23.7%
Expected Move6.1%5.0%7.1%5.3%6.8%
HV 20d17.5%16.0%18.7%17.4%16.6%
HV 60d20.6%20.3%21.1%20.3%20.3%
IV Rank16.5%0.0%31.6%4.4%27.8%
IV Percentile21.2%0.0%48.4%0.8%40.5%
Term Structure-1.0%-5.1%2.4%2.3%-2.8%
VWIV21.5%16.7%27.0%17.4%24.2%
Skew 25d4.5%2.2%6.9%3.6%5.9%
Skew 10d10.6%1.2%21.7%13.2%9.0%
Call IV 25d18.8%15.9%22.1%15.9%21.8%
Put IV 25d23.3%19.5%28.2%19.5%27.7%
Bid-Ask Spread %71.6136.12131.3890.7375.45
Gamma HHI0.470.290.680.440.30
Net GEX987.0K520.9K1.7M526.3K1.0M
Net DEX-7.3M-12.1M-3.4M-4.0M-9.6M
Net VEX-32.8K-38.4K-28.8K-32.1K-38.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.0610.830.350.81
Total Volume470.182901,2441,135393
Total OI6,243.6825,2997,6785,4936,765

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$42.98$43.0018.4%5.3%17.4%4.4%17.4%3.6%2.3%526.3K-4.0M-32.1K0.3590.738412943,8251,668
2019-07-02$42.48$42.0019.3%5.5%17.5%8.1%17.2%3.4%1.8%714.7K-3.7M-32.8K0.3736.128473134,5521,637
2019-07-03$42.79$42.0017.6%5.0%17.6%1.2%16.7%3.2%2.4%814.1K-4.6M-33.2K0.4094.778083254,5341,655
2019-07-05$43.12$43.0016.5%5.8%17.6%0.0%19.7%5.4%-0.3%975.5K-5.4M-33.2K0.7346.211641204,5571,657
2019-07-08$42.49$43.0021.5%6.2%18.3%19.5%20.5%4.5%-0.3%735.6K-3.4M-30.1K1.5062.1536544,5811,633
2019-07-09$43.30$43.0018.8%5.9%18.7%9.0%20.9%5.4%0.2%1.0M-5.9M-31.9K2.3060.02711634,6081,693
2019-07-10$43.71$43.0019.3%5.5%18.6%11.0%20.6%4.4%0.6%1.2M-7.7M-32.5K1.1075.181151264,6401,748
2019-07-11$43.59$43.0018.7%5.4%18.4%8.5%20.0%4.7%0.8%1.3M-7.1M-31.9K1.1762.651091274,6371,750
2019-07-12$43.82$43.0021.0%6.0%18.1%17.5%21.8%4.9%-1.7%1.3M-8.1M-31.6K1.3274.481061404,6271,801
2019-07-15$43.77$43.0019.7%5.6%17.7%12.3%21.2%3.8%-0.6%1.5M-7.7M-30.0K10.8366.84121304,6281,822
2019-07-16$43.75$43.0019.7%5.6%17.6%12.4%19.9%4.7%0.0%1.7M-7.5M-29.3K0.6467.322101344,6351,846
2019-07-17$43.64$43.0020.0%5.7%17.5%13.6%20.6%4.5%-0.4%1.7M-7.1M-28.8K0.5869.493051764,7771,844
2019-07-18$43.44$43.0020.7%5.9%17.7%16.2%18.6%3.5%-1.2%1.2M-5.6M-29.0K0.1872.371,0521925,0031,872
2019-07-19$43.45$43.0020.0%5.7%17.2%13.5%19.3%5.0%-0.4%834.3K-6.7M-32.0K0.2269.44405885,7741,904
2019-07-22$43.92$43.0022.7%6.5%17.5%24.0%24.3%6.9%0.2%520.9K-6.0M-34.0K0.06131.38279174,0341,265
2019-07-23$44.39$43.0024.2%6.9%17.6%29.8%25.1%2.2%-4.4%735.9K-7.3M-33.5K0.0867.76431334,2061,280
2019-07-24$44.88$43.0023.4%6.7%17.4%26.7%24.9%4.8%-4.0%761.7K-8.6M-35.3K0.2467.52365874,3971,303
2019-07-25$45.33$43.0024.5%7.0%16.0%30.9%24.6%3.8%-5.1%754.1K-9.8M-35.4K0.3276.583611174,4371,348
2019-07-26$46.32$43.0021.9%6.3%16.8%21.0%26.2%5.4%-2.7%737.8K-12.0M-33.9K0.8566.811921644,4451,381
2019-07-29$46.45$43.0024.7%7.1%16.4%31.6%27.0%4.3%-4.4%699.9K-12.1M-34.2K0.4176.25121504,4421,453
2019-07-30$45.66$43.0023.0%6.6%16.3%25.0%22.9%5.4%-2.3%1.0M-11.5M-38.4K0.4565.85187845,2071,490
2019-07-31$45.04$43.0023.7%6.8%16.6%27.8%24.2%5.9%-2.8%1.0M-9.6M-38.4K0.8175.452171765,2481,517