CQP Options History — May 2022

In May 2022, CQP traded between $50.07 and $57.34. ATM implied volatility averaged 43.9%, placing in the 52.6% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 0.5% (HV 20d: 43.4%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2022-05-25: Highest Volume — 892 contracts
  • 2022-05-04: Largest IV drop — 22.0% change
  • 2022-05-18: Highest IV Rank — 65.7%
  • 2022-05-10: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.32$50.07$57.34$53.13$53.28
Max Pain$50.71$50.00$55.00$55.00$50.00
ATM IV43.9%35.0%50.1%48.2%43.0%
Expected Move12.6%10.0%14.8%13.8%12.3%
HV 20d43.4%36.9%47.0%36.9%44.9%
HV 60d48.5%47.1%50.4%47.4%47.1%
IV Rank52.6%33.6%65.7%62.1%50.5%
IV Percentile90.9%77.0%99.2%97.2%88.1%
Term Structure-5.9%-13.9%0.7%-10.9%-6.5%
VWIV48.0%33.6%54.8%50.9%51.3%
Skew 25d8.0%-0.5%32.6%8.7%-0.5%
Skew 10d13.5%0.5%30.4%14.1%0.5%
Call IV 25d42.3%30.5%49.3%49.3%44.0%
Put IV 25d50.3%42.5%80.1%58.0%43.4%
Bid-Ask Spread %75.1860.4698.1675.0985.05
Gamma HHI0.160.120.210.150.19
Net GEX156.1K11.9K275.1K133.2K228.1K
Net DEX-4.6M-7.8M-2.0M-4.3M-5.5M
Net VEX-32.2K-37.6K-27.1K-35.2K-32.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.501.180.630.72
Total Volume707.952609892621776
Total OI5,134.2864,5045,3795,1215,075

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$53.13$55.0048.2%13.8%36.9%62.1%50.9%8.7%-10.9%133.2K-4.3M-35.2K0.6375.093802413,3621,759
2022-05-03$54.43$55.0044.9%12.9%37.5%55.3%46.2%7.9%-3.1%175.0K-4.8M-32.2K0.5088.484802423,3751,765
2022-05-04$57.34$55.0035.0%10.0%42.0%33.6%33.6%12.8%-5.3%275.1K-7.8M-32.2K0.6298.164953093,3881,773
2022-05-05$56.06$50.0042.2%12.8%40.9%48.9%45.5%6.9%-9.9%218.1K-6.6M-37.6K0.9971.403643603,4051,859
2022-05-06$56.41$50.0042.9%10.6%40.6%50.3%44.8%4.9%0.7%241.6K-6.6M-35.4K0.9677.853833673,4091,871
2022-05-09$54.53$50.0048.3%13.4%41.9%61.8%48.9%7.9%-5.5%182.7K-5.4M-35.2K1.1874.003373993,3891,881
2022-05-10$52.33$50.0047.1%14.8%43.1%59.2%52.3%7.1%-13.9%121.9K-3.8M-34.6K0.8363.223522933,3871,931
2022-05-11$51.65$50.0046.5%13.3%42.1%57.9%53.5%3.9%-3.5%108.0K-3.3M-35.1K1.0265.373583663,3971,923
2022-05-12$50.07$50.0048.5%13.9%43.1%62.1%51.0%8.8%-7.1%60.8K-2.0M-33.2K0.9560.463443263,4061,901
2022-05-13$52.52$50.0043.0%12.3%46.0%50.5%49.9%5.7%-2.7%119.6K-3.8M-34.0K0.9371.063493253,4001,909
2022-05-16$53.75$50.0043.2%12.4%47.0%50.9%53.8%9.4%-3.6%174.3K-4.8M-33.2K0.8476.633743153,4161,919
2022-05-17$52.94$50.0042.4%12.2%46.8%49.3%54.8%32.6%-10.7%145.4K-3.9M-29.7K1.1680.863083563,4081,924
2022-05-18$51.56$50.0050.1%14.4%46.2%65.7%49.8%7.0%-7.5%34.5K-2.9M-32.5K1.0771.953013233,4161,963
2022-05-19$51.22$50.0045.3%13.0%45.8%55.4%47.9%4.5%0.1%11.9K-2.3M-28.0K1.0573.993073233,4161,960
2022-05-20$50.96$50.0044.9%12.9%44.0%54.7%49.8%8.9%-8.5%112.5K-3.1M-30.6K0.9576.633122973,4071,961
2022-05-23$51.96$50.0044.7%12.8%44.5%54.2%45.9%6.0%-11.2%132.2K-3.5M-27.1K1.0380.763373463,0681,436
2022-05-24$52.00$50.0045.0%12.9%44.4%54.8%48.8%4.5%-4.3%144.7K-3.9M-30.6K0.9768.423193103,1491,471
2022-05-25$53.98$50.0041.4%11.9%46.4%47.1%43.1%4.8%-7.8%188.3K-4.9M-28.6K0.5068.195942983,1891,476
2022-05-26$54.34$50.0038.8%11.1%45.1%41.6%46.1%8.0%-0.7%231.5K-5.8M-27.4K0.9078.254093673,3321,474
2022-05-27$55.33$50.0037.5%10.8%42.6%39.0%39.7%8.2%-2.2%239.5K-6.6M-30.4K0.8272.904543713,3271,543
2022-05-31$53.28$50.0043.0%12.3%44.9%50.5%51.3%-0.5%-6.5%228.1K-5.5M-32.2K0.7285.054523243,5191,556