CQP Options History — November 2023

In November 2023, CQP traded between $56.30 and $61.20. ATM implied volatility averaged 23.5%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 1.6% (HV 20d: 21.9%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.38.

Notable Days

2023-11-02: Highest Volume — 307 contracts
2023-11-14: Largest IV drop — 17.9% change
2023-11-13: Highest IV Rank — 9.2%
2023-11-03: Largest Expected Move — 7.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.10	$56.30	$61.20	$57.18	$61.20
Max Pain	$54.76	$50.00	$55.00	$55.00	$55.00
ATM IV	23.5%	17.9%	27.6%	26.3%	24.3%
Expected Move	6.8%	5.1%	7.9%	7.5%	7.0%
HV 20d	21.9%	19.9%	25.9%	25.5%	20.7%
HV 60d	25.5%	25.1%	26.2%	25.2%	25.8%
IV Rank	6.3%	2.3%	9.2%	8.3%	6.9%
IV Percentile	19.4%	1.6%	38.5%	29.0%	24.6%
Term Structure	1.4%	-12.2%	11.4%	11.4%	-2.2%
VWIV	25.1%	20.0%	38.0%	29.9%	24.4%
Skew 25d	5.4%	0.4%	13.3%	13.3%	5.3%
Skew 10d	13.3%	-3.9%	31.4%	-3.9%	5.7%
Call IV 25d	24.1%	17.7%	58.9%	29.2%	17.7%
Put IV 25d	29.5%	21.6%	69.7%	42.4%	22.9%
Bid-Ask Spread %	74.92	37.31	98.63	91.45	80.16
Gamma HHI	0.65	0.45	0.85	0.50	0.85
Net GEX	644.8K	56.2K	958.3K	457.9K	893.6K
Net DEX	-6.1M	-11.2M	-3.2M	-5.4M	-11.2M
Net VEX	-21.5K	-24.4K	-11.0K	-21.6K	-20.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.00	1.26	0.11	0.24
Total Volume	94.381	7	307	213	303
Total OI	3,770.81	3,601	3,938	3,632	3,906

Daily Data (21 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
2023-11-01	$57.18	$55.00	26.3%	7.5%	25.5%	8.3%	29.9%	13.3%	11.4%	457.9K	-5.4M	-21.6K	0.11	91.45	192	21	2,792	840
2023-11-02	$58.30	$50.00	24.3%	7.3%	25.2%	6.9%	23.0%	0.4%	0.1%	626.7K	-6.2M	-20.7K	0.06	87.85	289	18	2,843	850
2023-11-03	$57.45	$55.00	21.9%	7.9%	25.9%	5.2%	26.4%	6.2%	-12.2%	475.8K	-5.2M	-24.4K	0.04	87.67	101	4	2,743	858
2023-11-06	$56.92	$55.00	23.8%	6.3%	20.2%	6.5%	32.3%	10.8%	5.1%	56.2K	-3.2M	-11.0K	0.33	87.61	18	6	2,847	858
2023-11-07	$57.55	$55.00	27.5%	7.0%	20.3%	9.2%	26.4%	4.3%	2.1%	551.1K	-5.3M	-23.5K	1.26	70.15	34	43	2,864	862
2023-11-08	$57.20	$55.00	25.9%	7.4%	20.2%	8.0%	38.0%	3.8%	5.0%	514.5K	-5.0M	-23.9K	0.16	76.01	37	6	2,890	895
2023-11-09	$57.20	$55.00	26.7%	7.7%	19.9%	8.6%	26.4%	3.6%	1.5%	515.9K	-4.9M	-23.6K	0.37	79.20	41	15	2,878	899
2023-11-10	$56.30	$55.00	27.4%	7.9%	20.6%	9.1%	24.3%	4.9%	1.8%	460.5K	-3.9M	-23.3K	0.14	53.84	58	8	2,917	903
2023-11-13	$57.27	$55.00	27.6%	7.9%	21.3%	9.2%	26.3%	4.4%	-0.2%	559.0K	-5.2M	-23.5K	0.90	64.14	30	27	2,964	905
2023-11-14	$57.57	$55.00	22.6%	6.5%	21.3%	5.7%	22.7%	3.8%	4.4%	605.5K	-5.3M	-23.2K	0.39	82.03	28	11	2,980	928
2023-11-15	$58.23	$55.00	24.8%	7.1%	20.9%	7.2%	25.6%	3.7%	1.7%	664.4K	-6.3M	-23.9K	0.04	71.66	69	3	2,992	922
2023-11-16	$57.63	$55.00	24.9%	7.1%	21.4%	7.3%	25.3%	3.1%	-1.3%	608.7K	-5.5M	-23.3K	0.70	98.63	27	19	2,991	923
2023-11-17	$59.01	$55.00	21.7%	6.2%	22.6%	5.0%	20.0%	6.7%	2.6%	782.3K	-7.0M	-22.6K	0.71	41.02	14	10	3,012	926
2023-11-20	$57.97	$55.00	18.0%	5.2%	22.9%	2.4%	20.6%	8.0%	4.0%	686.4K	-6.1M	-21.6K	0.32	37.31	56	18	2,860	821
2023-11-21	$58.06	$55.00	17.9%	5.1%	22.2%	2.3%	20.1%	7.7%	2.0%	727.5K	-6.1M	-22.0K	0.15	86.89	41	6	2,842	836
2023-11-22	$58.24	$55.00	20.6%	5.9%	22.1%	4.2%	25.2%	5.2%	3.5%	754.0K	-5.9M	-20.9K	0.52	64.84	21	11	2,875	840
2023-11-24	$58.54	$55.00	21.4%	6.1%	21.7%	4.8%	0.0%	6.1%	2.3%	819.4K	-6.2M	-20.2K	0.00	53.40	0	7	2,879	851
2023-11-27	$58.72	$55.00	21.7%	6.2%	21.4%	5.0%	21.7%	4.9%	-1.7%	874.8K	-6.5M	-19.0K	0.49	98.20	92	45	2,869	856
2023-11-28	$58.95	$55.00	21.2%	6.1%	21.2%	4.6%	20.9%	4.8%	-0.8%	947.3K	-6.9M	-20.2K	0.00	78.95	23	0	2,914	816
2023-11-29	$60.61	$55.00	23.4%	6.7%	22.3%	6.2%	23.2%	2.4%	-0.8%	958.3K	-10.1M	-19.4K	0.58	82.40	146	84	2,924	816
2023-11-30	$61.20	$55.00	24.3%	7.0%	20.7%	6.9%	24.4%	5.3%	-2.2%	893.6K	-11.2M	-20.5K	0.24	80.16	244	59	3,009	897