CQP Options History — April 2022

In April 2022, CQP traded between $53.02 and $57.28. ATM implied volatility averaged 41.1%, placing in the 47.3% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded below realized volatility by 2.0% (HV 20d: 43.1%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.61.

Notable Days

2022-04-22: Highest Volume — 811 contracts
2022-04-11: Largest IV spike — 40.7% change
2022-04-11: Highest IV Rank — 71.4%
2022-04-11: Largest Expected Move — 15.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$55.39	$53.02	$57.28	$56.33	$53.03
Max Pain	$55.00	$55.00	$55.00	$55.00	$55.00
ATM IV	41.1%	32.3%	52.6%	37.8%	48.7%
Expected Move	11.8%	9.3%	15.7%	11.1%	14.0%
HV 20d	43.1%	34.5%	59.4%	59.0%	36.9%
HV 60d	46.6%	45.9%	47.4%	46.4%	47.4%
IV Rank	47.3%	28.8%	71.4%	40.5%	63.2%
IV Percentile	91.5%	72.2%	99.6%	91.3%	98.4%
Term Structure	-2.6%	-21.2%	7.8%	1.0%	-2.7%
VWIV	44.4%	39.6%	54.3%	42.6%	46.0%
Skew 25d	2.3%	-12.2%	10.9%	4.5%	5.7%
Skew 10d	9.0%	-19.6%	61.3%	14.6%	15.8%
Call IV 25d	42.5%	38.0%	52.3%	38.8%	43.9%
Put IV 25d	44.7%	38.4%	54.0%	43.4%	49.6%
Bid-Ask Spread %	95.42	75.02	116.43	84.97	75.02
Gamma HHI	0.18	0.14	0.21	0.18	0.16
Net GEX	238.6K	120.6K	365.8K	269.4K	146.7K
Net DEX	-6.6M	-9.4M	-3.6M	-8.1M	-3.6M
Net VEX	-33.0K	-39.1K	-27.7K	-38.0K	-30.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.24	1.00	0.80	0.72
Total Volume	592.5	63	811	516	717
Total OI	5,167.5	4,622	5,560	5,379	5,044

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
2022-04-01	$56.33	$55.00	37.8%	11.1%	59.0%	40.5%	42.6%	4.5%	1.0%	269.4K	-8.1M	-38.0K	0.80	84.97	286	230	3,498	1,881
2022-04-04	$57.28	$55.00	40.5%	10.7%	59.4%	45.9%	44.2%	-9.5%	-0.3%	285.9K	-9.4M	-36.2K	0.85	86.62	268	229	3,514	1,901
2022-04-05	$56.55	$55.00	41.2%	11.3%	59.3%	47.4%	39.6%	-2.9%	-10.2%	321.0K	-8.4M	-32.4K	0.59	94.96	337	199	3,544	1,915
2022-04-06	$54.66	$55.00	39.5%	11.0%	55.7%	44.0%	44.2%	2.1%	-4.3%	247.3K	-6.8M	-39.1K	0.65	83.56	307	198	3,564	1,915
2022-04-07	$55.48	$55.00	35.9%	12.0%	55.6%	36.5%	47.2%	-2.8%	-12.9%	305.4K	-7.2M	-30.6K	0.64	93.20	347	221	3,559	1,907
2022-04-08	$56.52	$55.00	37.4%	11.0%	53.8%	39.6%	44.0%	-2.2%	7.8%	320.6K	-8.2M	-31.7K	0.60	86.07	367	222	3,556	1,911
2022-04-11	$54.90	$55.00	52.6%	15.7%	38.5%	71.4%	54.3%	5.4%	-12.6%	276.3K	-6.8M	-36.9K	0.70	94.07	321	225	3,597	1,911
2022-04-12	$56.26	$55.00	43.5%	11.0%	36.4%	52.3%	41.2%	4.4%	-1.3%	354.6K	-8.4M	-31.8K	0.52	91.48	423	221	3,602	1,915
2022-04-13	$55.64	$55.00	38.0%	10.9%	37.0%	40.7%	40.8%	1.1%	-7.0%	365.8K	-8.0M	-30.6K	0.39	94.13	568	222	3,622	1,915
2022-04-14	$56.92	$55.00	39.1%	11.2%	37.0%	43.1%	42.0%	2.8%	4.7%	221.7K	-8.6M	-31.7K	0.59	100.91	421	248	3,644	1,916
2022-04-18	$56.65	$55.00	32.3%	9.3%	37.3%	28.8%	41.3%	-2.8%	-1.9%	246.1K	-6.9M	-29.3K	0.61	113.46	369	224	3,151	1,471
2022-04-19	$55.48	$55.00	32.7%	9.4%	38.6%	29.7%	41.8%	4.4%	-5.1%	215.6K	-6.0M	-29.0K	0.51	116.43	389	198	3,204	1,523
2022-04-20	$57.00	$55.00	39.2%	11.2%	38.1%	43.3%	47.8%	7.1%	1.7%	245.5K	-6.7M	-28.0K	0.51	106.71	374	191	3,224	1,530
2022-04-21	$55.85	$55.00	38.9%	11.2%	39.1%	42.7%	46.6%	8.6%	4.6%	206.2K	-5.7M	-32.9K	0.75	111.91	365	275	3,228	1,532
2022-04-22	$53.73	$55.00	49.6%	14.2%	40.5%	65.2%	49.3%	-12.2%	-21.2%	148.1K	-5.0M	-36.4K	1.00	112.38	406	405	3,221	1,549
2022-04-25	$53.02	$55.00	47.5%	13.6%	36.2%	60.6%	44.2%	7.9%	5.1%	120.6K	-3.6M	-27.7K	0.61	104.47	374	228	3,229	1,689
2022-04-26	$53.32	$55.00	43.1%	12.4%	34.6%	51.4%	44.3%	10.9%	2.0%	131.2K	-4.6M	-37.5K	0.47	85.86	485	226	3,275	1,703
2022-04-27	$53.76	$55.00	43.2%	12.4%	34.7%	51.7%	44.5%	5.2%	-1.5%	147.3K	-4.6M	-32.2K	0.24	83.62	51	12	3,285	1,700
2022-04-28	$55.40	$55.00	41.8%	12.0%	34.5%	48.8%	42.3%	7.4%	1.5%	196.2K	-5.9M	-36.6K	0.50	88.58	468	233	3,307	1,698
2022-04-29	$53.03	$55.00	48.7%	14.0%	36.9%	63.2%	46.0%	5.7%	-2.7%	146.7K	-3.6M	-30.7K	0.72	75.02	417	300	3,340	1,704