CQP Options History — April 2023

In April 2023, CQP traded between $44.77 and $47.78. ATM implied volatility averaged 41.0%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 9.3% (HV 20d: 31.7%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.24.

Notable Days

2023-04-24: Highest Volume — 237 contracts
2023-04-06: Largest IV spike — 111.8% change
2023-04-06: Highest IV Rank — 31.0%
2023-04-04: Largest Expected Move — 15.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.40	$44.77	$47.78	$47.50	$45.69
Max Pain	$43.16	$40.00	$45.00	$45.00	$45.00
ATM IV	41.0%	28.4%	60.2%	40.2%	33.1%
Expected Move	11.5%	8.2%	15.0%	11.5%	9.5%
HV 20d	31.7%	20.6%	42.7%	42.7%	21.9%
HV 60d	37.7%	36.9%	38.3%	38.3%	37.6%
IV Rank	16.9%	7.7%	31.0%	16.3%	11.1%
IV Percentile	52.0%	5.2%	96.0%	52.4%	16.7%
Term Structure	-7.6%	-20.5%	24.6%	-5.6%	-5.8%
VWIV	37.9%	22.6%	52.7%	33.9%	32.4%
Skew 25d	17.9%	2.5%	47.2%	4.7%	47.2%
Skew 10d	25.6%	-29.4%	80.7%	23.4%	80.7%
Call IV 25d	30.5%	17.3%	39.3%	33.9%	30.7%
Put IV 25d	48.4%	33.7%	78.5%	38.6%	77.9%
Bid-Ask Spread %	110.22	83.43	126.76	83.43	89.19
Gamma HHI	0.34	0.29	0.43	0.33	0.41
Net GEX	2.9K	-53.2K	68.8K	32.0K	-53.2K
Net DEX	1.8M	1.1M	2.4M	1.3M	2.3M
Net VEX	-10.7K	-13.3K	-8.6K	-12.6K	-9.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.24	0.03	8.67	0.16	0.03
Total Volume	54.158	13	237	122	31
Total OI	2,575.368	2,210	2,737	2,514	2,491

Daily Data (19 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
2023-04-03	$47.50	$45.00	40.2%	11.5%	42.7%	16.3%	33.9%	4.7%	-5.6%	32.0K	1.3M	-12.6K	0.16	83.43	105	17	1,425	1,089
2023-04-04	$47.33	$45.00	52.4%	15.0%	42.3%	25.3%	52.7%	21.8%	-3.7%	36.8K	1.1M	-13.3K	0.64	89.41	14	9	1,486	1,094
2023-04-05	$46.84	$45.00	28.4%	8.2%	42.4%	7.7%	22.6%	11.7%	24.6%	44.3K	1.4M	-12.4K	1.60	84.36	5	8	1,481	1,101
2023-04-06	$46.40	$40.00	60.2%	11.5%	42.5%	31.0%	43.6%	13.7%	-13.4%	9.9K	1.7M	-12.1K	0.21	120.67	19	4	1,476	1,105
2023-04-10	$47.34	$40.00	44.9%	12.9%	42.5%	19.7%	42.8%	13.7%	-14.5%	47.6K	1.3M	-12.2K	0.25	118.10	24	6	1,481	1,109
2023-04-11	$47.61	$40.00	28.8%	10.1%	42.6%	8.0%	34.0%	15.4%	1.0%	38.8K	1.2M	-12.6K	0.19	115.80	53	10	1,482	1,115
2023-04-12	$47.78	$40.00	35.3%	10.1%	41.9%	12.7%	36.8%	10.1%	13.8%	68.8K	1.1M	-13.1K	0.47	116.80	17	8	1,488	1,125
2023-04-13	$46.84	$40.00	38.8%	11.1%	35.1%	15.2%	39.3%	19.5%	-15.9%	22.9K	1.7M	-11.0K	0.47	126.76	17	8	1,501	1,133
2023-04-14	$46.53	$40.00	39.6%	11.3%	32.6%	15.8%	33.7%	21.1%	-15.7%	13.8K	1.8M	-10.4K	3.08	126.54	13	40	1,507	1,141
2023-04-17	$46.38	$40.00	32.0%	9.2%	29.0%	10.3%	37.5%	25.8%	14.9%	11.6K	1.7M	-10.9K	8.67	124.50	6	52	1,513	1,175
2023-04-18	$46.24	$45.00	40.7%	11.7%	28.1%	16.7%	37.3%	2.5%	-11.9%	-5.0K	2.1M	-9.4K	0.17	113.71	58	10	1,512	1,195
2023-04-19	$45.95	$45.00	42.6%	12.2%	24.7%	18.1%	46.9%	15.0%	-11.9%	-30.0K	2.1M	-8.8K	0.19	125.56	36	7	1,537	1,200
2023-04-20	$45.81	$45.00	41.2%	11.8%	24.8%	17.0%	0.0%	9.1%	-15.6%	-29.9K	2.2M	-9.1K	1.63	122.72	8	13	1,517	1,205
2023-04-21	$45.65	$45.00	46.9%	13.4%	22.4%	21.2%	39.6%	20.4%	-14.2%	-28.1K	2.1M	-8.9K	3.31	106.04	13	43	1,520	1,204
2023-04-24	$46.73	$45.00	35.8%	10.3%	23.7%	13.1%	28.7%	4.0%	-15.8%	-37.2K	2.1M	-8.6K	0.18	106.62	201	36	1,155	1,055
2023-04-25	$45.14	$45.00	43.8%	12.6%	22.3%	18.9%	35.3%	7.7%	-19.9%	-28.6K	2.4M	-9.0K	0.79	103.91	28	22	1,333	1,085
2023-04-26	$45.13	$45.00	45.1%	12.9%	20.6%	19.9%	41.6%	44.7%	-14.6%	-27.5K	2.3M	-9.8K	0.59	114.17	22	13	1,329	1,107
2023-04-27	$44.77	$45.00	49.2%	14.1%	20.7%	22.9%	44.6%	32.0%	-20.5%	-32.3K	2.4M	-9.4K	0.89	105.81	28	25	1,341	1,119
2023-04-28	$45.69	$45.00	33.1%	9.5%	21.9%	11.1%	32.4%	47.2%	-5.8%	-53.2K	2.3M	-9.0K	0.03	89.19	30	1	1,348	1,143