CQP Options History — December 2021

In December 2021, CQP traded between $38.89 and $42.52. ATM implied volatility averaged 32.6%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 4.0% (HV 20d: 28.5%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.21.

Notable Days

  • 2021-12-07: Highest Volume — 535 contracts
  • 2021-12-03: Largest IV spike — 175.1% change
  • 2021-12-03: Highest IV Rank — 100.0%
  • 2021-12-03: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.77$38.89$42.52$42.52$42.03
Max Pain$40.59$40.00$43.00$43.00$40.00
ATM IV32.6%21.7%66.3%30.4%31.9%
Expected Move8.8%6.2%19.0%8.7%9.2%
HV 20d28.5%25.4%32.2%25.4%26.2%
HV 60d24.6%23.0%26.6%25.7%24.0%
IV Rank31.8%6.7%100.0%59.6%28.1%
IV Percentile66.8%2.4%100.0%75.8%84.1%
Term Structure3.0%-8.5%24.3%6.5%-8.0%
VWIV32.6%22.6%82.3%36.6%34.2%
Skew 25d9.5%-6.1%57.4%5.0%7.7%
Skew 10d18.7%-5.7%41.6%19.1%22.3%
Call IV 25d28.7%12.7%65.5%30.3%25.8%
Put IV 25d38.3%24.9%90.2%35.3%33.5%
Bid-Ask Spread %101.6581.53121.90104.22120.53
Gamma HHI0.210.150.280.210.28
Net GEX47.3K-33.9K129.6K129.6K89.5K
Net DEX-128.1K-1.4M1.4M-1.4M-1.3M
Net VEX-12.7K-15.6K-11.1K-14.9K-13.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.841.471.431.18
Total Volume437.409312535517338
Total OI2,6471,8003,2723,0192,044

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-12-01$42.52$43.0030.4%8.7%25.4%59.6%36.6%5.0%6.5%129.6K-1.4M-14.9K1.43104.222133041,8531,166
2021-12-02$42.28$43.0024.1%6.9%25.4%28.0%41.1%6.7%10.2%125.8K-1.1M-15.4K1.47117.492143151,8551,165
2021-12-03$40.80$43.0066.3%19.0%28.0%100.0%82.3%57.4%-8.5%86.3K-543.2K-15.6K1.41121.902153031,8551,158
2021-12-06$40.46$41.0038.7%11.0%27.7%42.3%34.2%30.7%1.7%53.1K405.4K-13.4K0.84104.692662231,8531,163
2021-12-07$40.72$41.0030.3%9.3%27.8%24.6%32.0%10.5%-7.7%50.4K277.9K-12.9K1.0194.062662691,8821,164
2021-12-08$40.33$41.0035.4%8.4%27.8%35.3%28.5%2.3%-6.7%65.1K261.4K-13.2K1.13102.502302611,8951,215
2021-12-09$39.36$41.0038.1%8.2%28.3%40.9%28.1%3.1%7.5%-12.5K1.1M-12.0K1.3697.001842511,8941,215
2021-12-10$40.05$40.0034.2%8.2%28.4%32.8%28.7%18.6%6.8%-1.2K951.4K-11.8K1.34105.351832461,9141,242
2021-12-13$39.04$40.0037.3%7.7%29.4%39.3%29.3%2.5%10.3%-30.8K1.4M-11.1K1.2395.642062541,9201,245
2021-12-14$38.89$40.0037.9%8.6%29.4%40.6%31.9%4.5%-1.6%-33.9K1.4M-11.3K1.3885.082042811,9581,255
2021-12-15$39.41$40.0037.6%10.8%30.0%40.0%46.4%6.3%6.1%5.9K866.1K-12.2K1.16119.432282651,9791,232
2021-12-16$40.18$40.0032.5%9.3%30.5%29.3%30.6%14.5%-7.5%18.6K644.1K-12.2K1.25103.422212761,9961,253
2021-12-17$40.26$40.0038.2%11.0%30.3%41.2%34.3%-6.1%-6.4%-29.8K549.6K-12.3K1.37104.222243062,0081,264
2021-12-20$39.48$40.0032.4%9.3%30.9%29.1%33.5%10.8%5.9%15.0K103.9K-11.2K1.2899.251371751,030770
2021-12-21$40.49$40.0026.1%7.5%32.2%15.8%25.0%3.5%4.1%38.0K-164.4K-11.9K1.3693.571441961,054790
2021-12-22$40.81$40.0027.9%8.0%31.8%19.6%23.6%4.0%21.5%34.4K-456.5K-12.2K1.0989.361801961,080817
2021-12-23$41.66$40.0023.2%6.7%28.3%9.9%23.1%12.2%24.3%69.8K-911.9K-12.9K1.37100.251431961,149817
2021-12-27$41.79$40.0024.2%6.9%28.4%11.9%23.2%5.1%0.4%80.7K-1.1M-12.4K1.3394.691471961,182817
2021-12-28$42.16$40.0021.7%6.2%27.8%6.7%22.6%2.8%8.6%99.0K-1.3M-12.2K0.8481.532181831,204817
2021-12-29$42.07$40.0024.0%6.9%27.1%11.6%24.6%3.0%-2.2%99.8K-1.3M-12.4K0.84100.682181831,213819
2021-12-30$42.07$40.0024.3%7.0%26.3%12.0%23.9%4.5%0.7%88.3K-1.3M-13.3K1.01101.361821831,213819
2021-12-31$42.03$40.0031.9%9.2%26.2%28.1%34.2%7.7%-8.0%89.5K-1.3M-13.1K1.18120.531551831,225819