CQP Options History — July 2021

In July 2021, CQP traded between $41.11 and $45.16. ATM implied volatility averaged 26.4%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 4.6% (HV 20d: 21.8%). Max pain ranged from $42.00 to $43.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2021-07-16: Highest Volume — 140 contracts
  • 2021-07-21: Largest IV spike — 40.8% change
  • 2021-07-21: Highest IV Rank — 26.0%
  • 2021-07-21: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.23$41.11$45.16$44.86$42.57
Max Pain$42.76$42.00$43.00$42.00$42.00
ATM IV26.4%21.9%36.3%22.6%26.3%
Expected Move7.6%6.3%10.4%6.5%7.5%
HV 20d21.8%19.3%24.1%20.3%23.0%
HV 60d21.0%19.9%21.7%20.5%21.0%
IV Rank11.5%5.0%26.0%6.0%11.4%
IV Percentile26.0%2.0%88.9%2.4%27.4%
Term Structure-1.4%-15.9%3.5%2.7%-0.8%
VWIV25.8%20.8%28.9%21.5%25.2%
Skew 25d3.9%0.0%8.0%4.7%3.4%
Skew 10d7.6%-4.4%16.6%10.3%9.8%
Call IV 25d24.5%18.4%30.3%18.4%24.9%
Put IV 25d28.4%21.9%34.5%23.1%28.3%
Bid-Ask Spread %72.0450.27109.9584.3753.82
Gamma HHI0.310.170.500.210.35
Net GEX-34.1K-278.3K158.7K76.0K-147.6K
Net DEX-851.2K-3.2M2.0M-2.9M-390.0K
Net VEX-17.4K-24.8K-12.8K-15.4K-16.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.003.091.000.20
Total Volume62.048914088136
Total OI5,583.815,3535,6915,5615,615

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$44.86$42.0022.6%6.5%20.3%6.0%21.5%4.7%2.7%76.0K-2.9M-15.4K1.0084.3744441,5174,044
2021-07-02$45.16$43.0021.9%6.3%20.4%5.0%20.8%1.9%3.4%147.4K-3.2M-15.7K0.1286.7897121,5354,088
2021-07-06$44.73$42.0024.1%7.6%20.8%8.2%26.8%4.2%-2.5%140.2K-2.5M-15.8K0.6850.2738261,4894,099
2021-07-07$44.83$42.0023.8%7.2%19.8%7.8%25.4%4.8%-2.7%154.6K-2.6M-15.8K0.2960.9563181,5124,121
2021-07-08$44.08$42.0026.8%7.9%20.5%12.1%28.6%3.8%-4.0%-54.1K-1.0M-23.8K1.8369.116111,5294,126
2021-07-09$44.94$43.0022.0%7.3%20.6%5.2%26.0%3.1%3.5%158.7K-2.9M-14.7K3.0966.4622681,5324,130
2021-07-12$45.00$43.0027.2%7.5%20.6%12.7%26.8%3.9%-2.8%37.4K-2.8M-16.7K1.2460.4425311,5434,126
2021-07-13$44.47$43.0028.4%7.9%19.3%14.5%27.1%2.5%-2.9%99.1K-2.4M-15.5K0.2954.04721,5404,114
2021-07-14$43.10$43.0027.5%7.9%21.7%13.2%25.6%2.6%1.1%-64.7K-85.4K-22.7K1.0757.5529311,5394,116
2021-07-15$42.92$43.0027.9%8.0%21.7%13.8%27.0%6.2%2.7%-53.4K406.2K-24.8K0.2180.3547101,5544,115
2021-07-16$42.84$43.0026.8%7.7%21.5%12.1%26.7%3.8%-0.3%-25.7K48.3K-19.9K2.3373.4942981,5774,114
2021-07-19$41.99$43.0027.6%7.9%21.7%13.4%27.9%0.0%2.2%-216.0K527.8K-19.7K0.9492.1249461,3404,013
2021-07-20$42.90$43.0025.8%7.4%23.1%10.7%26.1%6.6%-4.6%80.0K-712.0K-13.3K0.3981.0771281,3834,036
2021-07-21$42.75$43.0036.3%10.4%23.0%26.0%24.4%8.0%-15.9%-87.8K-794.0K-16.6K0.10109.952121,4534,063
2021-07-22$41.98$43.0027.1%7.8%23.7%12.5%27.2%1.8%-0.2%-192.0K639.8K-20.2K0.9171.5511101,4644,064
2021-07-23$41.66$43.0025.1%7.2%23.2%9.7%23.3%4.6%-1.1%-247.2K516.5K-16.3K0.1471.002231,4534,084
2021-07-26$41.69$43.0027.3%7.8%23.1%12.9%26.7%3.7%-1.3%-254.7K578.0K-15.9K0.3974.951871,4534,084
2021-07-27$41.11$43.0027.9%8.0%22.7%13.8%28.9%4.6%-2.8%-278.3K2.0M-21.7K0.4254.5731131,4614,087
2021-07-28$42.11$43.0025.6%7.3%24.1%10.4%25.3%4.9%-2.0%-39.1K-277.9K-13.0K0.2896.0043121,4724,092
2021-07-29$42.08$43.0026.0%7.4%22.9%10.9%24.8%3.2%-2.2%50.9K-120.5K-12.8K0.0064.09901,4784,105
2021-07-30$42.57$42.0026.3%7.5%23.0%11.4%25.2%3.4%-0.8%-147.6K-390.0K-16.0K0.2053.82113231,5084,107