CQP Options History — September 2022

In September 2022, CQP traded between $50.26 and $56.97. ATM implied volatility averaged 48.6%, placing in the 58.0% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 1.8% (HV 20d: 46.8%). Max pain ranged from $48.00 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.16.

Notable Days

  • 2022-09-13: Highest Volume — 1,411 contracts
  • 2022-09-23: Largest IV spike — 73.1% change
  • 2022-09-12: Highest IV Rank — 82.8%
  • 2022-09-23: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.24$50.26$56.97$50.26$53.56
Max Pain$53.14$48.00$55.00$48.00$55.00
ATM IV48.6%35.3%61.2%41.4%48.9%
Expected Move13.3%10.1%17.5%11.9%14.0%
HV 20d46.8%35.8%55.0%35.8%53.5%
HV 60d42.4%40.3%44.8%42.3%44.3%
IV Rank58.0%31.9%82.8%43.7%58.7%
IV Percentile87.1%46.0%99.2%77.4%92.5%
Term Structure-4.1%-18.4%16.8%-2.2%-11.6%
VWIV47.8%33.0%63.1%50.4%61.7%
Skew 25d7.1%-10.8%34.6%5.6%34.6%
Skew 10d17.1%-12.8%42.2%-12.8%42.2%
Call IV 25d44.8%31.2%54.7%44.5%49.4%
Put IV 25d51.9%43.2%84.0%50.1%84.0%
Bid-Ask Spread %101.9991.54117.85102.9695.48
Gamma HHI0.290.190.360.190.26
Net GEX186.4K74.3K362.7K127.8K115.1K
Net DEX-4.6M-8.4M-1.8M-2.8M-2.6M
Net VEX-23.1K-26.4K-17.6K-21.1K-26.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.134.861.071.28
Total Volume482.143811,41189562
Total OI4,655.5712,6726,4895,6833,665

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$50.26$48.0041.4%11.9%35.8%43.7%50.4%5.6%-2.2%127.8K-2.8M-21.1K1.07102.9643463,8231,860
2022-09-02$52.79$48.0040.9%11.7%38.8%42.8%42.9%0.4%5.8%187.7K-4.6M-21.3K0.1392.847293,8201,863
2022-09-06$53.34$50.0044.0%12.1%38.8%49.1%48.5%16.7%-11.6%211.7K-5.0M-19.7K1.50109.364386583,8541,860
2022-09-07$54.26$50.0042.8%13.2%38.9%46.5%50.5%10.7%-7.8%240.9K-5.7M-18.4K1.8697.033576653,8681,871
2022-09-08$53.32$50.0054.5%14.0%39.8%69.7%38.4%5.9%-18.4%217.8K-5.2M-20.6K0.21117.85121253,8851,918
2022-09-09$56.97$50.0051.3%12.5%44.2%63.4%40.2%5.9%-12.3%349.7K-8.2M-17.6K0.44108.39219963,8991,937
2022-09-12$56.74$50.0061.2%12.3%44.4%82.8%34.4%13.7%-2.7%342.6K-8.0M-21.7K2.9299.791033014,0361,942
2022-09-13$54.80$55.0060.8%12.4%46.8%82.0%41.3%5.9%2.7%265.3K-6.4M-21.3K0.8094.677836284,0241,974
2022-09-14$56.82$55.0037.5%10.7%47.9%36.0%40.1%5.3%-7.0%362.7K-8.4M-23.1K0.39109.2794374,2422,101
2022-09-15$55.45$55.0046.1%13.2%49.0%53.1%48.3%-0.5%-7.9%288.6K-6.9M-23.3K0.24110.86319754,2162,132
2022-09-16$54.49$55.0044.3%12.7%48.7%49.6%47.6%7.8%-14.9%111.8K-5.1M-22.9K0.79100.117435894,3232,166
2022-09-19$55.55$55.0041.1%11.8%48.8%43.2%44.0%17.0%-9.2%143.3K-3.4M-22.8K0.2599.09278691,859813
2022-09-20$56.57$55.0046.9%13.4%49.1%54.7%43.7%10.8%10.0%165.6K-4.3M-26.2K0.58105.9259342,089878
2022-09-21$56.89$55.0050.2%14.4%47.4%61.2%45.6%14.4%-5.8%163.4K-4.6M-25.7K1.3295.6157752,109911
2022-09-22$55.12$55.0035.3%10.1%47.8%31.9%33.0%2.1%16.8%146.2K-3.4M-25.4K4.8697.39291412,146970
2022-09-23$51.84$55.0061.2%17.5%51.5%82.8%55.4%-10.8%-5.1%80.7K-1.9M-25.5K0.63100.7163402,1491,061
2022-09-26$51.32$55.0053.3%15.3%51.3%67.4%63.1%-8.2%-5.5%74.3K-1.8M-25.1K1.02112.412472522,1501,071
2022-09-27$51.78$55.0054.1%15.5%51.5%68.8%61.3%1.0%3.5%87.7K-2.0M-25.0K1.22102.472292802,1831,105
2022-09-28$54.72$55.0050.0%14.3%53.4%60.9%56.3%7.2%-4.0%129.6K-3.1M-26.2K1.5191.542824262,1941,144
2022-09-29$52.50$55.0054.0%15.5%55.0%68.6%57.7%3.6%0.7%102.0K-2.4M-26.4K1.3198.012523292,3051,351
2022-09-30$53.56$55.0048.9%14.0%53.5%58.7%61.7%34.6%-11.6%115.1K-2.6M-26.0K1.2895.482463162,3091,356