CQP Options History — October 2023

In October 2023, CQP traded between $51.53 and $55.86. ATM implied volatility averaged 33.7%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 2.5% (HV 20d: 31.2%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2023-10-31: Highest Volume — 1,006 contracts
  • 2023-10-27: Largest IV spike — 41.9% change
  • 2023-10-25: Highest IV Rank — 20.5%
  • 2023-10-10: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.45$51.53$55.86$54.24$55.62
Max Pain$54.32$50.00$55.00$50.00$55.00
ATM IV33.7%25.9%43.4%29.1%31.7%
Expected Move10.1%7.9%12.5%8.3%9.1%
HV 20d31.2%26.7%35.1%28.8%26.7%
HV 60d25.8%23.5%26.6%23.5%24.8%
IV Rank13.6%8.0%20.5%10.3%12.2%
IV Percentile56.1%27.4%87.7%39.3%49.6%
Term Structure-2.7%-20.8%11.6%0.2%-2.0%
VWIV34.5%24.5%44.0%29.9%31.7%
Skew 25d9.5%-0.4%28.8%11.5%18.5%
Skew 10d10.3%-23.8%39.3%17.4%30.6%
Call IV 25d31.2%22.8%35.5%22.8%30.9%
Put IV 25d40.8%33.1%59.5%34.2%49.3%
Bid-Ask Spread %90.0361.27102.4461.2774.67
Gamma HHI0.380.310.440.420.36
Net GEX143.1K92.0K204.3K143.0K204.3K
Net DEX-2.4M-3.2M-975.2K-2.3M-2.9M
Net VEX-16.4K-17.6K-13.8K-16.5K-15.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.003.001.740.01
Total Volume101.63631,0061071,006
Total OI2,364.0452,1572,6232,1572,623

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$54.24$50.0029.1%8.3%28.8%10.3%29.9%11.5%0.2%143.0K-2.3M-16.5K1.7461.2739681,485672
2023-10-03$53.01$50.0030.1%8.6%30.0%11.0%33.5%5.9%-0.6%110.8K-1.7M-17.4K1.5075.898121,513758
2023-10-04$51.53$50.0035.7%10.2%30.6%15.0%33.5%1.2%2.8%92.0K-975.2K-16.2K0.0980.93116111,521757
2023-10-05$52.69$55.0025.9%10.3%30.3%8.0%44.0%5.6%-5.6%106.6K-1.5M-17.2K1.2189.9014171,522759
2023-10-06$52.33$55.0030.9%11.4%30.4%11.6%0.0%12.8%-14.2%113.2K-1.5M-16.8K0.0089.92801,528767
2023-10-09$54.97$55.0033.5%10.4%35.1%13.4%36.3%3.4%-5.7%152.5K-2.6M-17.2K0.0083.5416801,534767
2023-10-10$54.71$55.0034.0%12.5%34.8%13.8%32.3%-0.4%-8.9%156.2K-2.6M-17.6K0.0092.88901,614772
2023-10-11$54.27$55.0034.6%9.9%34.9%14.2%42.7%12.3%-0.3%141.8K-2.5M-17.5K3.0096.807211,614772
2023-10-12$53.85$55.0034.3%9.8%34.7%14.1%43.7%19.4%-8.1%136.9K-2.4M-17.4K0.38101.201351,612793
2023-10-13$54.51$55.0029.7%8.5%34.7%10.7%29.5%10.1%0.2%164.6K-2.6M-17.5K0.0092.271001,612793
2023-10-16$54.45$55.0041.9%12.0%34.5%19.4%0.0%3.0%-20.8%175.9K-2.6M-16.3K0.0097.24301,615793
2023-10-17$54.42$55.0038.7%11.1%33.7%17.2%32.6%5.7%6.3%149.7K-2.6M-17.2K2.00101.697141,617793
2023-10-18$55.36$55.0040.8%11.7%31.5%18.7%0.0%13.6%-9.8%178.1K-3.1M-16.7K0.7499.4469511,619804
2023-10-19$55.34$55.0028.1%8.0%31.2%9.6%24.5%7.3%11.6%203.8K-3.1M-16.9K0.00102.44601,655826
2023-10-20$55.80$55.0033.1%9.5%30.2%13.2%33.0%3.6%4.5%114.6K-3.2M-17.2K0.2695.1295251,617825
2023-10-23$54.93$55.0027.5%7.9%30.4%9.2%27.4%28.8%4.7%133.6K-2.1M-14.1K1.88100.088151,479786
2023-10-24$55.86$55.0035.6%10.2%30.9%15.0%32.4%5.6%-5.6%139.6K-2.8M-13.8K0.2499.582561,486799
2023-10-25$55.64$55.0043.4%12.4%30.6%20.5%40.1%10.1%-5.6%116.8K-2.5M-15.0K1.2289.1818221,492805
2023-10-26$55.08$55.0028.3%8.1%27.6%9.7%37.5%12.9%4.7%136.2K-2.3M-15.0K0.1585.183451,504801
2023-10-27$54.72$55.0040.2%11.5%27.4%18.2%37.0%12.8%-6.6%117.5K-2.2M-15.8K0.0197.6425521,518806
2023-10-30$54.59$55.0034.0%9.7%27.4%13.8%32.9%6.0%-1.5%161.2K-2.2M-15.4K1.5973.8617271,773808
2023-10-31$55.62$55.0031.7%9.1%26.7%12.2%31.7%18.5%-2.0%204.3K-2.9M-15.9K0.0174.671,00151,788835