CQP Options History — March 2023

In March 2023, CQP traded between $43.30 and $50.64. ATM implied volatility averaged 50.0%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 5.1% (HV 20d: 44.9%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.03.

Notable Days

  • 2023-03-22: Highest Volume — 250 contracts
  • 2023-03-10: Largest IV spike — 92.8% change
  • 2023-03-10: Highest IV Rank — 100.0%
  • 2023-03-23: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.99$43.30$50.64$50.64$46.86
Max Pain$48.26$45.00$50.00$50.00$45.00
ATM IV50.0%29.9%154.5%35.8%38.4%
Expected Move10.7%8.4%13.5%10.3%11.0%
HV 20d44.9%40.5%50.9%45.8%42.7%
HV 60d37.2%34.7%39.3%36.1%38.2%
IV Rank34.9%8.7%100.0%31.5%15.0%
IV Percentile55.0%7.9%100.0%27.0%43.3%
Term Structure-3.2%-17.2%12.5%-12.1%-2.1%
VWIV36.9%20.0%46.5%37.3%33.1%
Skew 25d8.5%-0.6%23.0%3.4%12.8%
Skew 10d16.2%1.5%45.0%14.2%23.7%
Call IV 25d33.8%22.2%41.3%35.1%33.3%
Put IV 25d42.3%27.9%51.2%38.5%46.0%
Bid-Ask Spread %96.3978.86116.6191.9787.54
Gamma HHI0.230.130.490.210.32
Net GEX-32-132.5K45.9K45.9K23.2K
Net DEX1.7M620.3K3.4M620.3K1.5M
Net VEX-12.1K-14.0K-9.2K-13.0K-12.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.037.000.230.03
Total Volume103.131525012961
Total OI2,895.3912,0093,5633,2012,502

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$50.64$50.0035.8%10.3%45.8%31.5%37.3%3.4%-12.1%45.9K620.3K-13.0K0.2391.97105242,1301,071
2023-03-02$50.08$50.0044.2%12.7%45.4%46.6%35.2%1.0%-13.5%42.8K706.5K-13.6K0.2892.302982,1741,072
2023-03-03$49.36$50.0044.3%12.7%45.6%46.7%39.9%-0.2%-17.2%27.3K1.0M-13.1K0.84116.6183702,1271,082
2023-03-06$50.11$50.0046.8%8.4%43.9%51.1%20.0%5.2%2.1%35.7K741.5K-13.3K2.83112.12541532,1351,153
2023-03-07$49.27$50.0044.7%9.8%44.2%47.4%0.0%5.7%1.9%5.2K1.1M-13.4K0.1388.851522,1671,143
2023-03-08$49.36$50.0048.1%8.8%44.0%53.4%35.6%5.0%-1.8%22.1K1.1M-13.1K0.44108.0034152,1921,145
2023-03-09$49.19$50.0038.8%9.6%43.9%36.9%39.4%11.4%1.5%-6391.2M-13.6K0.6794.17962,2121,149
2023-03-10$48.08$50.0074.8%10.0%44.4%100.0%38.5%7.7%-9.1%3.6K1.5M-13.1K3.1696.12441392,2171,155
2023-03-13$48.12$50.00127.8%11.8%42.0%100.0%41.8%11.0%-3.8%-2.5K1.7M-14.0K0.0497.089142,2211,270
2023-03-14$47.09$50.00154.5%10.9%41.9%100.0%46.5%3.9%-3.1%11.0K1.9M-13.0K0.36103.3361222,2531,271
2023-03-15$44.14$50.0039.2%11.2%46.3%15.6%41.6%1.7%-9.3%-47.7K3.3M-9.2K0.40100.06159632,2591,272
2023-03-16$45.86$50.0041.0%11.8%47.2%16.9%35.2%23.0%-4.4%5602.3M-11.3K1.88102.6641772,2551,265
2023-03-17$44.08$50.0029.9%8.6%48.7%8.7%39.6%13.3%5.3%-132.5K3.4M-9.9K3.9598.6222872,2551,308
2023-03-20$43.30$50.0036.1%10.3%48.4%13.3%35.8%14.9%10.3%-25.1K2.4M-9.5K0.0783.0410471,035974
2023-03-21$45.05$50.0036.9%10.6%50.9%13.9%35.0%15.0%0.2%-17.7K2.0M-10.8K0.4082.7580321,108979
2023-03-22$45.08$45.0038.3%11.0%50.4%14.9%35.1%11.0%-4.7%-11.3K2.0M-11.3K0.03103.3724281,1471,010
2023-03-23$43.84$45.0047.0%13.5%41.9%21.3%38.1%19.0%-5.1%-4.8K2.0M-11.6K0.08104.543931,2021,016
2023-03-24$44.02$45.0033.5%9.6%40.5%11.4%34.4%6.2%12.5%-8.0K2.2M-10.8K0.53100.8319101,2301,019
2023-03-27$45.94$45.0038.1%10.9%43.5%14.8%37.5%-0.6%-10.9%-5.4K1.8M-11.3K0.1190.86118131,2301,046
2023-03-28$46.98$45.0038.2%11.0%44.4%14.9%35.3%9.8%-13.3%1851.6M-11.5K0.1078.86104101,2011,057
2023-03-29$46.99$45.0036.4%10.4%42.8%13.5%34.6%8.8%1.3%11.5K1.5M-12.1K0.0593.456231,3731,054
2023-03-30$47.36$45.0037.0%10.6%42.9%14.0%42.8%7.1%2.0%25.9K1.3M-12.9K7.0089.785351,4011,057
2023-03-31$46.86$45.0038.4%11.0%42.7%15.0%33.1%12.8%-2.1%23.2K1.5M-12.5K0.0387.545921,4151,087