CQP Options History — January 2022

In January 2022, CQP traded between $42.22 and $49.37. ATM implied volatility averaged 29.7%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 2.9% (HV 20d: 26.8%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.67.

Notable Days

2022-01-11: Highest Volume — 1,422 contracts
2022-01-14: Largest IV spike — 39.0% change
2022-01-24: Highest IV Rank — 47.7%
2022-01-24: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.88	$42.22	$49.37	$42.22	$49.37
Max Pain	$42.00	$40.00	$43.00	$40.00	$43.00
ATM IV	29.7%	21.2%	41.3%	25.3%	21.5%
Expected Move	8.5%	6.1%	11.8%	7.3%	6.2%
HV 20d	26.8%	21.6%	31.9%	22.7%	31.9%
HV 60d	26.4%	23.9%	28.4%	24.0%	28.4%
IV Rank	23.4%	5.7%	47.7%	14.3%	6.4%
IV Percentile	60.7%	1.6%	99.6%	32.5%	2.4%
Term Structure	-1.4%	-16.6%	13.8%	-8.4%	13.8%
VWIV	30.9%	23.5%	44.9%	26.6%	28.5%
Skew 25d	3.7%	-29.4%	26.3%	7.1%	5.2%
Skew 10d	2.3%	-49.8%	30.2%	12.1%	16.5%
Call IV 25d	30.5%	21.2%	59.4%	21.2%	26.5%
Put IV 25d	34.3%	27.3%	64.0%	28.4%	31.7%
Bid-Ask Spread %	100.78	81.12	115.88	96.41	99.21
Gamma HHI	0.27	0.22	0.36	0.31	0.31
Net GEX	237.1K	118.7K	359.0K	118.7K	359.0K
Net DEX	-5.2M	-8.6M	-1.5M	-1.5M	-8.6M
Net VEX	-19.9K	-26.5K	-8.6K	-11.9K	-22.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.23	1.00	1.00	0.79
Total Volume	712.85	481	1,422	481	905
Total OI	3,344.95	2,052	4,236	2,052	3,871

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$42.22	$40.00	25.3%	7.3%	22.7%	14.3%	26.6%	7.1%	-8.4%	118.7K	-1.5M	-11.9K	1.00	96.41	241	240	1,233	819
2022-01-04	$43.57	$40.00	21.2%	6.1%	24.7%	5.7%	28.7%	5.7%	2.8%	155.9K	-2.4M	-11.9K	0.93	107.17	280	260	1,319	866
2022-01-05	$43.61	$40.00	27.7%	7.9%	24.7%	19.3%	27.2%	-29.4%	2.9%	183.8K	-2.5M	-12.7K	0.91	103.43	265	242	1,367	894
2022-01-06	$44.24	$40.00	24.7%	7.3%	24.4%	13.0%	26.9%	5.9%	2.4%	153.4K	-3.1M	-12.1K	0.77	82.55	294	226	1,414	972
2022-01-07	$44.52	$40.00	22.8%	7.4%	21.9%	9.0%	26.1%	-1.9%	-12.1%	161.7K	-3.3M	-12.6K	0.69	96.99	328	226	1,450	972
2022-01-10	$44.92	$40.00	24.7%	7.1%	21.6%	13.0%	26.3%	6.0%	-0.2%	178.0K	-3.8M	-11.8K	0.71	81.12	330	233	1,492	972
2022-01-11	$47.50	$41.00	27.7%	6.7%	25.0%	19.3%	23.5%	10.1%	-0.1%	131.1K	-5.6M	-8.6K	0.23	89.52	1,156	266	1,534	993
2022-01-12	$47.68	$43.00	27.5%	7.9%	24.6%	18.7%	24.8%	9.4%	1.2%	189.4K	-6.3M	-21.5K	0.36	102.54	771	278	2,325	1,028
2022-01-13	$46.67	$43.00	27.9%	8.0%	27.0%	19.8%	29.3%	-7.0%	-0.1%	261.2K	-6.2M	-23.5K	0.52	107.47	540	280	2,727	1,075
2022-01-14	$46.97	$43.00	38.8%	11.1%	26.7%	42.5%	30.3%	12.1%	-6.6%	299.7K	-7.0M	-23.6K	0.65	105.28	431	279	2,904	1,083
2022-01-18	$46.30	$43.00	35.9%	10.3%	27.7%	36.4%	27.3%	8.3%	-3.5%	273.8K	-6.4M	-24.6K	0.66	105.66	418	275	2,921	1,084
2022-01-19	$45.81	$43.00	27.0%	7.7%	26.8%	17.8%	33.9%	-0.3%	5.0%	256.4K	-6.2M	-24.5K	0.70	103.98	428	301	2,949	1,112
2022-01-20	$44.77	$43.00	32.0%	9.2%	28.0%	28.2%	32.5%	-5.5%	-6.1%	255.7K	-5.2M	-24.6K	0.67	111.83	430	289	3,029	1,139
2022-01-21	$44.58	$43.00	32.4%	9.3%	28.1%	29.1%	44.9%	2.4%	4.2%	274.6K	-5.0M	-24.4K	0.55	107.93	529	293	3,098	1,138
2022-01-24	$45.12	$43.00	41.3%	11.8%	27.6%	47.7%	43.0%	26.3%	-4.1%	240.3K	-4.6M	-24.6K	0.54	107.72	477	258	2,888	882
2022-01-25	$46.97	$43.00	40.3%	11.6%	30.5%	45.7%	43.2%	7.6%	-16.6%	293.2K	-6.1M	-24.9K	0.51	109.83	501	255	2,820	925
2022-01-26	$47.58	$43.00	32.2%	9.2%	30.5%	28.7%	32.0%	5.2%	-2.9%	306.2K	-6.8M	-26.5K	0.74	115.88	352	261	2,888	927
2022-01-27	$47.60	$43.00	30.9%	8.9%	30.5%	25.9%	29.6%	2.7%	2.3%	327.2K	-6.7M	-26.3K	0.72	93.71	320	229	2,958	943
2022-01-28	$47.67	$43.00	31.7%	9.1%	30.4%	27.6%	32.9%	5.1%	-2.5%	322.6K	-6.8M	-25.1K	0.75	87.41	326	244	2,926	962
2022-01-31	$49.37	$43.00	21.5%	6.2%	31.9%	6.4%	28.5%	5.2%	13.8%	359.0K	-8.6M	-22.7K	0.79	99.21	505	400	2,889	982