CQP Options History — July 2023

In July 2023, CQP traded between $46.09 and $52.19. ATM implied volatility averaged 24.7%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 7.7% (HV 20d: 17.0%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.53.

Notable Days

2023-07-18: Highest Volume — 446 contracts
2023-07-27: Largest IV spike — 47.2% change
2023-07-27: Highest IV Rank — 16.6%
2023-07-27: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.05	$46.09	$52.19	$46.75	$52.19
Max Pain	$47.25	$45.00	$50.00	$45.00	$50.00
ATM IV	24.7%	20.5%	40.6%	21.7%	20.5%
Expected Move	6.7%	5.5%	11.7%	6.2%	5.9%
HV 20d	17.0%	14.2%	24.5%	24.5%	14.9%
HV 60d	22.4%	21.0%	23.4%	23.0%	21.2%
IV Rank	4.9%	1.9%	16.6%	2.8%	1.9%
IV Percentile	8.8%	0.8%	68.3%	1.2%	1.2%
Term Structure	-0.6%	-15.2%	7.8%	5.8%	3.8%
VWIV	22.5%	16.5%	27.9%	18.0%	16.5%
Skew 25d	31.0%	2.5%	95.9%	10.6%	13.2%
Skew 10d	70.8%	3.0%	152.9%	138.7%	46.4%
Call IV 25d	23.1%	10.8%	76.4%	14.8%	10.8%
Put IV 25d	54.2%	24.0%	117.2%	25.4%	24.0%
Bid-Ask Spread %	93.51	79.33	106.77	101.92	88.91
Gamma HHI	0.49	0.35	0.81	0.40	0.43
Net GEX	169.9K	24.4K	599.3K	48.4K	164.2K
Net DEX	-1.3M	-3.3M	340.8K	73.1K	-3.1M
Net VEX	-9.6K	-11.7K	-7.1K	-8.1K	-10.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.53	0.00	18.33	0.00	0.53
Total Volume	106.75	10	446	10	26
Total OI	2,476.6	2,174	2,933	2,174	2,648

Daily Data (20 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
2023-07-03	$46.75	$45.00	21.7%	6.2%	24.5%	2.8%	18.0%	10.6%	5.8%	48.4K	73.1K	-8.1K	0.00	101.92	10	0	1,415	759
2023-07-05	$46.41	$45.00	25.6%	7.3%	21.2%	5.6%	26.0%	8.5%	3.6%	38.4K	224.3K	-7.1K	2.11	94.56	9	19	1,418	759
2023-07-06	$46.09	$45.00	24.9%	5.6%	21.5%	5.1%	22.5%	35.9%	-3.5%	24.4K	340.8K	-7.2K	0.42	99.74	26	11	1,425	768
2023-07-07	$46.25	$45.00	25.1%	5.5%	21.0%	5.2%	22.1%	3.0%	7.8%	32.4K	223.1K	-7.9K	1.50	90.01	4	6	1,433	774
2023-07-10	$46.49	$45.00	26.9%	5.7%	20.0%	6.6%	21.7%	8.2%	-5.6%	35.8K	101.1K	-8.2K	18.33	98.87	9	165	1,433	780
2023-07-11	$47.23	$45.00	26.6%	6.3%	16.8%	6.4%	19.8%	8.7%	5.3%	41.6K	-95.2K	-8.4K	0.09	98.00	69	6	1,436	945
2023-07-12	$47.86	$45.00	25.4%	7.3%	16.8%	5.5%	27.9%	2.5%	-2.8%	76.5K	-462.6K	-8.9K	0.41	95.05	58	24	1,457	945
2023-07-13	$48.51	$45.00	22.8%	6.5%	17.1%	3.6%	22.3%	4.6%	-2.1%	119.2K	-839.5K	-9.2K	0.05	95.59	42	2	1,487	941
2023-07-14	$47.92	$45.00	24.3%	7.0%	17.8%	4.6%	25.1%	6.1%	1.9%	93.3K	-553.8K	-9.2K	0.67	94.09	21	14	1,522	942
2023-07-17	$48.27	$45.00	24.2%	6.9%	17.5%	4.6%	0.0%	6.1%	-2.0%	111.1K	-851.7K	-9.7K	0.00	87.34	39	0	1,537	942
2023-07-18	$49.16	$45.00	22.8%	6.5%	15.2%	3.6%	22.8%	4.9%	-0.1%	224.8K	-1.4M	-9.6K	0.44	79.33	309	137	1,564	942
2023-07-19	$50.13	$50.00	20.7%	5.9%	14.7%	2.0%	21.2%	94.1%	4.4%	499.9K	-2.3M	-11.1K	0.16	100.63	186	30	1,762	1,073
2023-07-20	$50.28	$50.00	20.5%	5.9%	14.2%	1.9%	20.5%	92.2%	1.2%	599.3K	-2.8M	-11.5K	0.59	95.57	27	16	1,843	1,090
2023-07-21	$50.73	$50.00	24.8%	7.1%	14.3%	5.0%	24.7%	36.7%	0.1%	407.6K	-3.3M	-11.3K	0.12	85.70	339	41	1,838	1,088
2023-07-24	$51.50	$50.00	23.2%	6.7%	14.4%	3.9%	23.2%	35.6%	-1.3%	212.0K	-2.5M	-11.0K	0.83	94.58	87	72	1,553	832
2023-07-25	$51.34	$50.00	22.9%	6.6%	14.6%	3.7%	22.7%	56.2%	-0.1%	175.3K	-2.3M	-11.7K	0.50	106.77	18	9	1,550	888
2023-07-26	$51.31	$50.00	27.6%	7.9%	14.3%	7.1%	25.3%	71.7%	-11.8%	190.2K	-2.2M	-10.8K	3.20	92.93	60	192	1,561	891
2023-07-27	$51.27	$50.00	40.6%	11.7%	14.3%	16.6%	23.6%	95.9%	-15.2%	157.8K	-1.7M	-10.9K	0.32	90.57	25	8	1,590	1,050
2023-07-28	$51.30	$50.00	22.2%	6.4%	14.4%	3.2%	22.2%	26.2%	-0.8%	145.1K	-3.0M	-9.5K	0.27	80.01	15	4	1,597	1,054
2023-07-31	$52.19	$50.00	20.5%	5.9%	14.9%	1.9%	16.5%	13.2%	3.8%	164.2K	-3.1M	-10.5K	0.53	88.91	17	9	1,597	1,051