CQP Options History — August 2019

In August 2019, CQP traded between $42.64 and $45.05. ATM implied volatility averaged 24.6%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 1.6% (HV 20d: 23.0%). Max pain ranged from $43.00 to $43.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.67.

Notable Days

  • 2019-08-16: Highest Volume — 1,722 contracts
  • 2019-08-05: Largest IV spike — 42.7% change
  • 2019-08-05: Highest IV Rank — 70.2%
  • 2019-08-05: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.93$42.64$45.05$44.88$44.46
Max Pain$43.00$43.00$43.00$43.00$43.00
ATM IV24.6%19.8%34.6%25.4%21.7%
Expected Move6.6%5.7%7.5%7.3%6.2%
HV 20d23.0%16.6%26.0%16.6%26.0%
HV 60d20.8%19.4%22.0%20.3%20.2%
IV Rank31.3%12.7%70.2%34.5%20.3%
IV Percentile43.8%9.5%94.8%55.2%23.8%
Term Structure-0.6%-3.2%3.2%-2.7%-0.5%
VWIV22.6%18.4%30.0%30.0%18.4%
Skew 25d5.1%3.5%6.4%5.9%4.9%
Skew 10d11.3%5.1%19.2%7.0%9.7%
Call IV 25d21.0%18.2%23.8%23.5%19.2%
Put IV 25d26.1%22.4%29.7%29.4%24.1%
Bid-Ask Spread %77.9768.4087.8187.8185.35
Gamma HHI0.340.270.570.310.33
Net GEX1.2M732.5K2.1M974.9K1.9M
Net DEX-8.5M-17.9M-4.0M-9.0M-12.0M
Net VEX-36.8K-42.5K-31.7K-38.7K-40.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.002.650.950.06
Total Volume330.273171,72237751
Total OI7,743.6366,8539,7256,8728,805

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$44.88$43.0025.4%7.3%16.6%34.5%30.0%5.9%-2.7%974.9K-9.0M-38.7K0.9587.811931845,3081,564
2019-08-02$44.80$43.0024.3%7.0%16.6%30.1%27.2%4.8%-2.7%1.0M-8.8M-37.9K2.6581.5120535,2961,594
2019-08-05$43.23$43.0034.6%7.5%20.6%70.2%26.3%6.2%-2.4%732.5K-5.3M-35.1K1.0668.4085905,2471,606
2019-08-06$43.30$43.0031.1%7.3%19.4%56.4%19.5%4.5%-1.8%768.4K-5.4M-34.9K0.1270.04122155,2151,693
2019-08-07$43.57$43.0032.2%7.5%19.3%60.8%27.4%5.1%-2.1%807.2K-6.1M-35.5K0.5875.79101595,2661,686
2019-08-08$44.46$43.0020.2%6.2%20.5%14.4%21.8%3.6%3.2%1.0M-8.4M-35.5K1.7486.8931545,3311,724
2019-08-09$43.09$43.0026.6%7.2%23.4%39.3%25.3%6.3%-0.3%766.1K-4.3M-32.6K0.4772.0034165,3421,733
2019-08-12$43.51$43.0029.6%7.0%23.7%50.9%23.6%6.0%-0.9%881.4K-5.0M-31.7K0.0068.571,20055,3301,734
2019-08-13$44.17$43.0027.7%6.5%24.3%43.2%24.2%4.8%-0.6%1.8M-9.9M-35.8K0.2874.5464186,4901,728
2019-08-14$43.99$43.0025.4%7.3%24.4%34.4%25.2%6.4%-3.2%1.7M-9.5M-35.2K0.4376.1879346,5471,728
2019-08-15$44.23$43.0022.5%6.5%24.4%23.3%21.1%5.3%0.6%2.1M-10.0M-33.4K0.0278.441,622256,5421,739
2019-08-16$45.05$43.0020.7%5.9%25.1%16.2%21.5%3.5%0.8%2.1M-17.9M-39.5K0.0780.281,6051177,9661,759
2019-08-19$44.88$43.0020.5%5.9%25.0%15.4%20.4%4.7%0.4%1.4M-12.6M-42.4K1.4383.95821176,3021,525
2019-08-20$44.47$43.0021.5%6.2%25.0%19.3%21.8%3.6%0.6%1.4M-11.1M-42.5K0.5679.3534196,3191,591
2019-08-21$44.16$43.0020.9%6.0%24.7%17.3%20.9%4.8%-0.2%1.3M-9.8M-41.3K1.0081.2214146,3271,606
2019-08-22$43.45$43.0022.2%6.4%25.0%22.1%20.9%4.4%-0.2%1.2M-7.0M-38.8K0.3776.201976,3311,608
2019-08-23$42.79$43.0023.1%6.6%23.7%25.6%19.2%5.1%0.1%993.8K-4.8M-35.4K0.7277.6143316,3441,609
2019-08-26$42.64$43.0023.5%6.8%23.6%27.4%22.1%5.6%-0.6%925.0K-4.0M-33.0K1.4374.377106,3281,606
2019-08-27$43.23$43.0023.6%6.8%23.9%27.7%20.9%5.5%-0.6%1.1M-6.1M-35.2K0.4779.891786,3291,616
2019-08-28$43.48$43.0023.8%6.8%23.7%28.1%19.9%5.4%-0.7%1.2M-7.2M-36.5K0.2875.9458166,3361,609
2019-08-29$44.72$43.0019.8%5.7%26.0%12.7%19.8%4.7%0.7%1.5M-12.0M-38.0K0.0781.05835586,3841,617
2019-08-30$44.46$43.0021.7%6.2%26.0%20.3%18.4%4.9%-0.5%1.9M-12.0M-40.1K0.0685.354837,1821,623