CQP Options History — August 2021

In August 2021, CQP traded between $39.19 and $42.72. ATM implied volatility averaged 25.4%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 1.6% (HV 20d: 23.8%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.12.

Notable Days

  • 2021-08-20: Highest Volume — 1,518 contracts
  • 2021-08-11: Largest IV drop — 18.3% change
  • 2021-08-23: Highest IV Rank — 26.4%
  • 2021-08-04: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.94$39.19$42.72$41.67$40.62
Max Pain$40.55$40.00$42.00$42.00$40.00
ATM IV25.4%21.6%27.9%26.9%24.9%
Expected Move7.2%6.2%8.0%7.7%7.1%
HV 20d23.8%22.4%25.7%23.6%22.6%
HV 60d22.0%21.2%22.7%21.5%22.5%
IV Rank18.5%4.5%26.4%12.2%22.3%
IV Percentile22.9%1.6%38.1%30.6%18.7%
Term Structure1.4%-1.7%8.2%-1.6%2.1%
VWIV25.0%22.1%29.9%25.6%27.2%
Skew 25d1.6%-28.4%4.6%3.5%2.9%
Skew 10d8.3%0.1%15.3%7.4%9.3%
Call IV 25d25.9%21.7%56.9%26.2%24.1%
Put IV 25d27.4%25.4%29.7%29.7%27.0%
Bid-Ask Spread %78.0344.29101.3569.9695.66
Gamma HHI0.300.140.570.140.22
Net GEX-15.7K-372.9K186.0K11.7K180.6K
Net DEX81.5K-2.7M3.8M99.5K-688.0K
Net VEX-18.7K-23.3K-12.3K-12.3K-17.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.0015.000.060.39
Total Volume155.5101,51810975
Total OI6,573.5455,6247,7095,6247,709

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$41.67$42.0026.9%7.7%23.6%12.2%25.6%3.5%-1.6%11.7K99.5K-12.3K0.0669.9610361,5174,107
2021-08-03$41.26$42.0026.8%7.7%23.6%12.1%27.4%2.5%1.6%-254.2K688.6K-14.7K0.4775.961991,6184,130
2021-08-04$40.73$42.0027.9%8.0%23.7%13.8%27.5%1.6%-1.4%-372.9K1.4M-14.6K0.7276.4168491,6634,133
2021-08-05$40.23$42.0027.1%7.9%23.4%12.5%26.4%3.9%-0.2%-206.0K2.7M-22.7K0.8574.6227231,6854,139
2021-08-06$39.19$42.0025.6%7.3%22.9%10.4%24.3%2.1%2.0%-315.2K3.8M-22.1K0.0655.81562331,6984,184
2021-08-09$39.75$42.0026.9%7.3%23.9%12.3%24.7%2.8%1.5%-268.9K2.8M-19.9K0.2569.7856141,6904,194
2021-08-10$40.45$40.0026.5%7.0%25.2%11.6%23.0%3.0%1.7%-95.1K780.1K-20.4K1.0061.7441412,1904,225
2021-08-11$40.96$40.0021.6%6.2%23.8%4.5%23.6%-28.4%8.2%-64.2K604.6K-23.3K0.03101.353312,2194,242
2021-08-12$41.44$40.0024.0%6.9%24.4%19.2%22.8%2.9%2.8%-16.4K-535.6K-20.1K0.0050.351602,2134,281
2021-08-13$41.36$40.0025.1%7.2%24.4%23.0%22.6%4.6%0.3%-15.6K-358.3K-19.1K0.6775.55642,1834,280
2021-08-16$41.55$40.0023.8%6.8%23.5%18.5%22.1%2.5%1.8%43.7K-901.1K-17.4K0.4654.2752242,1864,280
2021-08-17$42.17$40.0023.2%6.6%22.7%16.4%23.7%2.6%0.8%94.0K-1.7M-17.8K0.1844.2995172,1824,282
2021-08-18$42.72$40.0023.6%6.8%23.2%17.8%23.3%3.5%2.2%185.0K-2.7M-15.9K0.6798.9433222,2094,286
2021-08-19$42.44$40.0025.2%7.2%22.4%23.5%25.5%1.7%6.6%167.3K-2.4M-16.4K15.0082.471152,2644,277
2021-08-20$41.02$40.0025.1%7.2%25.4%23.1%24.3%4.0%0.5%-35.2K54.9K-19.6K0.0389.221,468502,3014,259
2021-08-23$40.55$40.0026.0%7.5%25.7%26.4%26.2%4.1%-1.7%-67.0K504.7K-18.9K0.2680.43135351,9684,075
2021-08-24$40.65$40.0025.5%7.3%25.3%24.7%25.0%2.6%0.8%149.9K-1.0M-21.2K0.0793.292823,3064,077
2021-08-25$40.90$40.0025.9%7.4%23.7%25.8%29.9%2.4%-0.7%186.0K-877.0K-20.7K0.2692.2139103,4234,108
2021-08-26$40.48$40.0025.8%7.4%23.9%25.4%25.3%2.6%-0.8%133.7K-355.7K-19.7K0.0192.9310313,4454,110
2021-08-27$40.38$40.0025.8%7.4%23.4%25.5%25.3%3.5%4.0%135.3K-299.0K-18.9K0.2189.524393,4834,108
2021-08-30$40.15$40.0025.9%7.4%22.4%26.1%24.8%3.5%-0.0%78.6K235.5K-18.0K3.0892.0013403,5844,105
2021-08-31$40.62$40.0024.9%7.1%22.6%22.3%27.2%2.9%2.1%180.6K-688.0K-17.8K0.3995.6654213,5974,112