CQP Options History — May 2021

In May 2021, CQP traded between $40.34 and $42.83. ATM implied volatility averaged 25.4%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 3.5% (HV 20d: 21.9%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 1.66.

Notable Days

  • 2021-05-04: Highest Volume — 327 contracts
  • 2021-05-05: Largest IV spike — 38.5% change
  • 2021-05-12: Highest IV Rank — 22.0%
  • 2021-05-12: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.28$40.34$42.83$42.83$41.28
Max Pain$41.50$40.00$42.00$40.00$41.00
ATM IV25.4%18.5%33.5%24.7%23.9%
Expected Move7.3%5.3%9.6%7.1%6.9%
HV 20d21.9%20.1%25.6%20.7%20.2%
HV 60d25.4%23.8%26.3%25.8%23.9%
IV Rank9.8%0.0%22.0%3.3%8.0%
IV Percentile10.4%0.0%57.9%5.2%2.4%
Term Structure2.3%-2.6%20.4%-2.6%-0.2%
VWIV24.3%21.9%26.1%24.1%24.5%
Skew 25d3.3%-0.1%6.8%1.6%0.8%
Skew 10d8.1%-3.6%19.2%12.5%2.0%
Call IV 25d24.1%22.2%25.9%25.3%24.3%
Put IV 25d27.5%23.6%31.8%26.9%25.1%
Bid-Ask Spread %81.0239.55115.84107.8673.63
Gamma HHI0.330.260.460.300.35
Net GEX-73.8K-227.3K63.7K5.5K-111.0K
Net DEX1.5M-2.2M3.2M-2.2M1.4M
Net VEX-29.3K-34.2K-9.9K-9.9K-28.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.660.0016.000.040.06
Total Volume109.16327184149
Total OI5,631.055,0645,8495,4845,503

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$42.83$40.0024.7%7.1%20.7%3.3%24.1%1.6%-2.6%5.5K-2.2M-9.9K0.04107.8617771,5333,951
2021-05-04$42.67$40.0018.5%5.3%20.6%0.0%22.1%-0.1%0.2%-46.5K-1.2M-21.5K0.19105.57274531,6043,953
2021-05-05$41.82$42.0025.6%7.3%21.8%10.4%25.9%6.8%-0.5%12.5K360.6K-32.1K0.03115.8418661,7204,000
2021-05-06$41.56$41.0024.3%7.0%21.7%8.5%25.2%3.9%2.1%-2.3K959.0K-33.4K2.4774.3419471,7984,001
2021-05-07$41.56$41.0025.0%7.1%20.1%9.4%21.9%3.5%6.2%-8.3K881.1K-32.8K0.4586.8931141,7904,025
2021-05-10$41.68$42.0023.7%7.1%20.2%7.5%24.5%3.7%1.4%-9.6K1.1M-30.1K0.0043.481701,7084,015
2021-05-11$41.15$42.0028.0%7.6%20.7%13.9%24.6%3.3%2.0%-49.5K1.9M-31.9K0.9647.6227261,7144,015
2021-05-12$40.41$42.0033.5%9.6%21.5%22.0%26.0%5.2%0.5%-73.3K2.7M-34.2K0.2077.96511,7263,990
2021-05-13$41.31$42.0027.0%7.8%23.0%12.5%26.1%4.9%1.2%-25.6K1.5M-31.4K0.0139.5516521,7313,990
2021-05-14$41.59$42.0025.4%7.3%23.1%10.1%0.0%3.9%3.3%-12.9K1.3M-30.6K5.0096.80151,7423,990
2021-05-17$41.78$42.0025.7%7.4%23.1%10.5%25.9%3.8%0.4%-27.6K527.6K-25.3K16.0086.621161,7503,991
2021-05-18$41.67$42.0026.1%7.5%22.8%11.0%23.0%3.4%0.7%63.7K1.2M-30.7K4.0686.03311261,7564,000
2021-05-19$40.34$42.0027.1%7.8%25.6%12.5%23.0%5.7%7.5%-184.1K3.2M-32.5K0.83110.5558481,7664,064
2021-05-20$40.67$42.0025.7%7.4%23.5%10.5%25.0%4.0%20.4%-212.4K2.9M-30.3K0.1066.473031,7704,057
2021-05-21$40.57$42.0025.8%7.4%22.8%10.7%24.9%3.2%-0.3%-227.3K2.9M-30.5K0.3552.8337131,7904,059
2021-05-24$40.45$42.0024.9%7.2%22.5%9.4%23.9%2.0%0.5%-153.3K2.6M-29.8K0.5586.432061141,1803,884
2021-05-25$40.35$41.0024.9%7.1%22.2%9.4%24.8%2.4%1.3%-159.6K2.8M-30.3K0.4390.0599431,3123,963
2021-05-26$40.67$41.0024.2%6.9%21.3%8.3%24.2%2.1%0.6%-127.0K2.9M-32.2K0.4497.7327121,3694,002
2021-05-27$41.16$41.0024.1%6.9%20.8%8.3%21.9%2.5%0.5%-127.6K1.7M-27.4K1.0874.2051551,3954,014
2021-05-28$41.28$41.0023.9%6.9%20.2%8.0%24.5%0.8%-0.2%-111.0K1.4M-28.2K0.0673.6314181,4374,066