CQP Options History — June 2023

In June 2023, CQP traded between $44.05 and $46.97. ATM implied volatility averaged 26.9%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 1.8% (HV 20d: 25.0%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.92.

Notable Days

  • 2023-06-16: Highest Volume — 230 contracts
  • 2023-06-12: Largest IV spike — 56.3% change
  • 2023-06-12: Highest IV Rank — 14.5%
  • 2023-06-16: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.40$44.05$46.97$44.82$46.20
Max Pain$45.48$45.00$50.00$50.00$45.00
ATM IV26.9%19.3%37.8%26.1%23.3%
Expected Move7.1%5.5%8.6%7.5%6.7%
HV 20d25.0%22.2%27.0%22.2%25.0%
HV 60d26.4%22.9%30.9%30.0%22.9%
IV Rank6.5%1.0%14.5%6.0%3.9%
IV Percentile10.1%0.4%47.2%3.6%2.8%
Term Structure9.7%-3.3%21.1%4.5%1.2%
VWIV24.9%20.4%42.3%42.3%22.3%
Skew 25d12.2%-2.5%73.9%0.6%7.4%
Skew 10d21.9%-3.5%146.8%0.4%10.0%
Call IV 25d22.3%15.5%34.2%34.2%16.2%
Put IV 25d34.5%21.2%90.8%34.8%23.6%
Bid-Ask Spread %102.6795.20111.6196.4997.12
Gamma HHI0.390.250.510.430.37
Net GEX-20.0K-94.7K40.8K-57.4K34.4K
Net DEX653.5K-208.0K1.7M1.4M116.1K
Net VEX-7.8K-8.9K-5.8K-8.1K-8.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.920.0017.000.250.03
Total Volume74.2865230577
Total OI2,363.5711,7842,8052,5742,128

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$44.82$50.0026.1%7.5%22.2%6.0%42.3%0.6%4.5%-57.4K1.4M-8.1K0.2596.49411,631943
2023-06-02$45.67$50.0028.3%8.1%22.8%7.6%27.5%36.6%6.5%-44.4K1.1M-8.2K4.6296.6513601,633944
2023-06-05$44.20$45.0032.0%8.3%24.0%10.3%26.5%23.6%-0.9%-60.4K1.7M-6.9K0.13109.641621,639989
2023-06-06$44.13$45.0029.5%7.2%23.9%8.4%26.7%7.3%10.3%-62.6K1.5M-7.5K7.80106.27201561,644948
2023-06-07$44.78$45.0030.9%6.4%23.9%9.5%22.3%13.3%4.2%-61.5K1.3M-7.5K0.40111.6181321,6631,005
2023-06-08$45.65$45.0033.7%8.6%24.4%11.5%21.5%16.0%-3.3%-38.0K681.1K-7.9K0.71108.9831221,680970
2023-06-09$44.27$45.0024.2%7.4%26.4%4.6%25.4%4.4%6.8%-73.1K1.2M-7.4K1.2397.0313161,680975
2023-06-12$44.05$45.0037.8%6.5%26.4%14.5%22.9%-2.0%12.3%-71.6K1.2M-7.4K0.00104.3013101,673985
2023-06-13$44.39$45.0032.3%5.9%22.8%10.5%25.2%-0.7%11.8%-81.4K1.1M-7.6K0.65103.8437241,788985
2023-06-14$44.98$45.0022.4%6.4%23.5%3.3%0.0%6.5%8.2%-94.7K824.0K-8.0K17.00109.803511,810995
2023-06-15$45.52$45.0022.7%6.5%23.9%3.5%23.0%-2.5%18.9%-62.3K310.3K-8.7K2.4699.0413321,809964
2023-06-16$46.97$45.0030.1%8.6%26.5%8.9%22.3%10.7%15.2%24.4K-208.0K-8.4K0.02100.2822551,815984
2023-06-20$46.22$45.0024.3%7.0%26.9%4.6%22.8%4.7%15.3%35.8K-23.3K-8.9K0.0695.204931,151633
2023-06-21$45.94$45.0023.1%6.6%27.0%3.8%25.4%5.4%11.5%29.8K168.6K-8.3K0.03102.408931,196635
2023-06-22$46.11$45.0025.4%7.3%27.0%5.4%21.6%8.8%7.0%40.8K65.8K-7.9K0.00105.163801,264638
2023-06-23$45.94$45.0025.1%7.2%26.7%5.2%25.3%4.7%8.6%39.7K109.0K-8.2K1.89101.509171,261638
2023-06-26$45.91$45.0026.2%7.5%26.7%6.0%26.0%5.8%9.8%38.9K116.0K-8.2K0.04103.072411,268649
2023-06-27$45.72$45.0026.7%7.6%25.6%6.4%27.0%13.1%14.1%34.9K225.0K-7.3K1.8999.9835661,272650
2023-06-28$45.73$45.0019.3%5.5%24.9%1.0%20.4%73.9%21.1%-5.1K438.2K-5.8K0.86107.7356481,299706
2023-06-29$46.12$45.0020.7%5.9%25.0%2.0%20.8%18.4%20.5%13.8K395.3K-6.9K0.2199.8847101,342753
2023-06-30$46.20$45.0023.3%6.7%25.0%3.9%22.3%7.4%1.2%34.4K116.1K-8.2K0.0397.127521,370758