CQP Options History — April 2021

In April 2021, CQP traded between $40.03 and $42.90. ATM implied volatility averaged 25.4%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 0.9% (HV 20d: 24.5%). Max pain ranged from $35.00 to $42.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2021-04-13: Highest Volume — 555 contracts
  • 2021-04-12: Largest IV spike — 19.1% change
  • 2021-04-12: Highest IV Rank — 11.5%
  • 2021-04-05: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.68$40.03$42.90$42.20$42.20
Max Pain$38.33$35.00$42.00$42.00$40.00
ATM IV25.4%22.9%30.0%25.6%28.1%
Expected Move7.3%6.6%8.1%7.3%8.1%
HV 20d24.5%17.9%30.9%30.9%20.0%
HV 60d26.7%25.1%28.4%28.4%25.7%
IV Rank4.3%0.5%11.5%4.4%8.6%
IV Percentile4.8%0.4%21.0%1.2%15.1%
Term Structure-1.3%-11.1%1.8%1.8%-2.8%
VWIV24.7%19.5%33.1%20.1%33.1%
Skew 25d4.2%0.1%6.4%4.0%2.1%
Skew 10d9.0%-12.3%23.5%2.2%2.4%
Call IV 25d23.6%21.6%27.4%23.2%27.4%
Put IV 25d27.8%24.9%30.6%27.2%29.6%
Bid-Ask Spread %77.2842.28118.1193.80118.11
Gamma HHI0.440.280.540.540.32
Net GEX-219.9K-454.3K215.9K-322.8K-37.8K
Net DEX1.1M-2.7M2.9M570.7K394.5K
Net VEX-27.2K-35.7K-9.8K-25.1K-31.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.069.001.800.10
Total Volume95.52455552832
Total OI5,459.9054,9325,6765,5425,488

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$42.20$42.0025.6%7.3%30.9%4.4%20.1%4.0%1.8%-322.8K570.7K-25.1K1.8093.8010181,4234,119
2021-04-05$42.26$35.0028.4%8.1%30.9%9.1%0.0%5.7%-2.3%-263.9K610.9K-27.2K1.5062.93231,4294,112
2021-04-06$42.53$35.0024.3%7.5%30.7%2.6%27.3%5.0%-0.7%-221.0K320.1K-26.0K0.6042.2850301,4444,117
2021-04-07$42.66$37.0023.6%7.2%30.6%1.6%25.3%6.3%-1.1%-224.2K93.4K-25.1K0.3371.501241,4674,147
2021-04-08$42.26$37.0024.2%7.5%27.2%2.5%0.0%5.2%-2.1%-209.1K1.6M-31.7K0.1051.191011,4684,147
2021-04-09$41.33$37.0025.2%7.8%26.8%4.0%27.3%2.8%0.8%-205.2K2.6M-35.7K9.0062.575451,4604,147
2021-04-12$41.38$37.0030.0%7.9%26.8%11.5%25.0%6.3%-0.9%-273.3K2.4M-31.3K0.2155.781941,4574,192
2021-04-13$41.47$37.0028.0%7.7%26.2%8.3%24.9%6.1%-11.1%-317.3K1.8M-27.1K1.7261.142043511,4644,192
2021-04-14$41.70$37.0024.3%7.0%26.2%2.7%23.4%5.5%0.3%-454.3K172.6K-16.1K0.7174.5745321,4694,179
2021-04-15$41.58$37.0027.1%7.8%26.2%6.9%26.5%2.4%-2.3%-302.8K2.6M-33.4K0.1193.353641,4834,190
2021-04-16$41.71$37.0024.5%7.0%25.5%3.0%24.3%0.4%-0.1%-396.1K2.0M-29.5K0.0696.018051,4944,182
2021-04-19$41.43$38.0024.5%7.0%24.9%3.0%23.9%3.7%-0.8%-209.4K1.4M-27.6K0.1674.34210331,1083,824
2021-04-20$41.06$39.0024.8%7.1%25.0%3.5%25.0%4.6%-0.2%-192.3K1.5M-28.2K0.4980.09107521,2823,840
2021-04-21$41.23$40.0024.1%6.9%19.0%2.3%23.9%6.4%-2.3%-204.0K1.5M-28.8K0.0778.118461,3013,890
2021-04-22$40.03$40.0024.5%7.0%21.7%2.9%24.1%4.7%-1.0%-233.0K2.9M-31.6K0.3065.2970211,3293,896
2021-04-23$40.69$40.0022.9%6.6%21.9%0.5%19.5%5.9%-0.6%-237.2K1.8M-27.4K0.4665.4035161,3413,912
2021-04-26$41.10$40.0024.6%7.0%17.9%3.0%23.5%3.8%0.4%-228.8K1.1M-24.2K0.2782.85140381,3663,904
2021-04-27$41.43$40.0024.2%6.9%18.2%2.4%22.5%3.5%-1.1%-172.7K726.9K-26.2K0.3484.6250171,4973,930
2021-04-28$42.18$40.0024.9%7.1%18.4%3.5%24.5%0.1%-0.5%-129.4K226.2K-27.4K0.16114.0973121,5273,940
2021-04-29$42.90$40.0025.4%7.3%19.1%4.3%26.2%4.6%-0.4%215.9K-2.7M-9.8K0.2194.923371,5573,944
2021-04-30$42.20$40.0028.1%8.1%20.0%8.6%33.1%2.1%-2.8%-37.8K394.5K-31.2K0.10118.112931,5393,949