CQP Options History — May 2023

In May 2023, CQP traded between $44.27 and $47.42. ATM implied volatility averaged 29.4%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 5.5% (HV 20d: 23.9%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.11.

Notable Days

  • 2023-05-15: Highest Volume — 241 contracts
  • 2023-05-16: Largest IV spike — 32.4% change
  • 2023-05-01: Highest IV Rank — 12.7%
  • 2023-05-01: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.91$44.27$47.42$45.84$44.73
Max Pain$50.00$45.00$55.00$45.00$50.00
ATM IV29.4%24.7%35.3%35.3%26.9%
Expected Move8.5%7.1%10.1%10.1%7.7%
HV 20d23.9%21.8%27.0%21.8%22.2%
HV 60d34.4%30.1%37.6%37.6%30.1%
IV Rank8.4%5.0%12.7%12.7%6.5%
IV Percentile10.6%1.6%25.0%24.2%5.2%
Term Structure2.5%-9.7%19.1%-9.7%-0.1%
VWIV30.5%22.0%48.8%48.8%33.6%
Skew 25d10.2%-4.4%115.0%2.1%1.2%
Skew 10d19.5%-2.5%153.4%3.0%0.9%
Call IV 25d29.7%21.8%35.7%33.4%35.3%
Put IV 25d39.9%24.7%146.4%35.6%36.5%
Bid-Ask Spread %95.7267.24105.6391.2595.45
Gamma HHI0.340.280.510.380.41
Net GEX-16.8K-58.1K38.3K-53.3K-51.4K
Net DEX1.4M415.7K2.7M2.3M1.3M
Net VEX-10.2K-12.2K-8.2K-9.1K-8.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.057.750.150.75
Total Volume63.5142413914
Total OI2,626.5452,5062,8802,5132,572

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$45.84$45.0035.3%10.1%21.8%12.7%48.8%2.1%-9.7%-53.3K2.3M-9.1K0.1591.253451,3691,144
2023-05-02$44.88$45.0029.7%8.5%22.1%8.6%28.5%33.4%-1.8%-54.8K2.6M-8.5K0.7981.5553421,3771,145
2023-05-03$44.70$45.0030.1%8.6%22.1%8.9%32.2%115.0%-4.5%-58.1K2.7M-8.2K4.44101.409401,3901,166
2023-05-04$44.27$55.0028.9%8.2%22.1%8.0%28.9%2.5%-0.7%-55.0K2.7M-8.8K0.1498.124261,3971,201
2023-05-05$45.41$55.0026.7%8.9%24.1%6.4%28.4%10.4%2.2%-32.1K2.0M-11.0K2.1195.5919401,3961,207
2023-05-08$45.09$55.0031.7%8.7%22.8%10.1%31.7%6.1%-1.6%-46.2K2.2M-9.8K0.4097.8545181,4131,186
2023-05-09$45.80$50.0027.5%8.2%23.6%7.0%28.1%4.5%1.9%-35.2K1.5M-10.6K0.4596.9740181,4361,139
2023-05-10$46.42$50.0028.1%8.1%24.1%7.4%22.0%4.5%3.9%-21.6K1.1M-10.9K0.19100.1874141,4721,113
2023-05-11$45.85$50.0027.0%7.7%23.5%6.6%30.2%-1.0%6.1%-26.4K1.4M-10.5K0.63105.6319121,4971,115
2023-05-12$45.66$50.0027.6%7.9%23.4%7.1%28.2%-1.8%6.1%-17.9K1.4M-11.0K0.4199.632291,5051,114
2023-05-15$47.30$50.0025.5%7.3%26.7%5.5%29.3%-1.1%8.7%4.3K937.5K-9.7K0.3696.44177641,5031,116
2023-05-16$47.42$50.0033.7%9.7%26.7%11.6%25.1%6.8%2.8%37.7K415.7K-12.2K0.1295.2997121,6781,136
2023-05-17$47.04$50.0034.4%9.8%26.7%12.0%31.6%8.3%-6.9%35.2K560.9K-12.0K1.42100.0012171,7281,139
2023-05-18$47.30$50.0032.6%9.3%26.7%10.7%32.4%3.7%-7.6%38.3K567.9K-10.9K0.4493.801671,7311,149
2023-05-19$46.80$50.0027.6%7.9%27.0%7.1%28.0%1.3%3.5%7.9K764.9K-11.1K0.1167.246371,7271,152
2023-05-22$46.81$50.0025.5%7.3%25.7%5.5%30.8%6.9%10.5%-5.2K1.1M-10.7K0.0598.438341,4701,036
2023-05-23$46.78$50.0024.7%7.1%22.3%5.0%30.5%-4.4%19.1%8.4K1.1M-10.3K0.72101.7229211,5531,039
2023-05-24$46.21$50.0029.3%8.4%22.8%8.4%28.7%-3.8%7.5%6.2K1.1M-10.9K0.14100.7769101,5651,020
2023-05-25$46.14$50.0027.0%7.8%22.6%6.7%28.0%11.5%10.1%-7.9K787.4K-10.0K7.75101.958621,637889
2023-05-26$45.17$50.0033.5%9.6%22.8%11.4%34.2%5.1%0.4%-11.8K931.0K-11.2K2.1493.117151,639951
2023-05-30$44.49$50.0033.7%9.7%23.3%11.6%32.4%13.8%5.5%-31.3K1.3M-9.0K0.6293.5526161,637935
2023-05-31$44.73$50.0026.9%7.7%22.2%6.5%33.6%1.2%-0.1%-51.4K1.3M-8.4K0.7595.45861,635937