CQP Options History — January 2024

In January 2024, CQP traded between $50.41 and $54.69. ATM implied volatility averaged 30.5%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 3.4% (HV 20d: 27.1%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.66.

Notable Days

  • 2024-01-05: Highest Volume — 264 contracts
  • 2024-01-18: Largest IV spike — 32.7% change
  • 2024-01-19: Highest IV Rank — 16.2%
  • 2024-01-19: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.07$50.41$54.69$51.20$52.91
Max Pain$50.48$50.00$55.00$55.00$50.00
ATM IV30.5%24.0%37.3%32.8%30.9%
Expected Move8.7%6.9%10.7%9.4%8.9%
HV 20d27.1%20.4%33.3%31.0%22.8%
HV 60d25.9%25.4%27.5%27.1%25.9%
IV Rank11.3%6.7%16.2%13.0%11.6%
IV Percentile57.5%24.6%81.3%66.3%61.9%
Term Structure1.9%-13.1%12.5%-0.7%1.2%
VWIV31.5%20.1%42.3%25.1%29.1%
Skew 25d7.1%-2.7%29.8%2.2%3.1%
Skew 10d21.9%-12.2%93.7%-4.8%5.7%
Call IV 25d30.1%21.1%34.5%28.5%30.7%
Put IV 25d37.2%28.6%61.9%30.7%33.8%
Bid-Ask Spread %97.7080.19109.79104.2680.19
Gamma HHI0.350.270.440.330.34
Net GEX-68.8K-136.9K107.5K-51.9K-57.7K
Net DEX605.4K-1.6M1.4M1.2M-533.6K
Net VEX-14.7K-15.8K-12.3K-14.7K-15.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.660.0816.004.750.35
Total Volume87.714026418454
Total OI2,865.0952,4373,0742,4372,980

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$51.20$55.0032.8%9.4%31.0%13.0%25.1%2.2%-0.7%-51.9K1.2M-14.7K4.75104.26321521,3421,095
2024-01-03$52.51$55.0032.1%9.2%33.2%12.5%30.2%2.9%2.3%-75.6K967.1K-14.5K0.7482.8657421,3611,224
2024-01-04$52.59$50.0029.7%10.3%33.3%10.8%34.5%4.2%9.0%-64.2K997.5K-14.9K0.8499.0951431,3601,227
2024-01-05$52.78$50.0029.0%8.9%31.7%10.2%38.3%8.1%-4.1%-51.4K789.2K-15.2K0.2098.67220441,3721,221
2024-01-08$51.63$50.0027.8%7.5%31.5%9.4%42.3%-1.1%11.8%-84.2K1.3M-15.1K1.0196.8979801,5641,255
2024-01-09$52.02$50.0035.4%8.2%31.7%14.8%28.2%1.0%3.3%-71.8K1.0M-15.5K0.4397.9256241,6391,304
2024-01-10$52.25$50.0033.7%9.7%29.0%13.6%33.6%1.2%-13.1%-95.9K947.2K-15.1K16.0096.232321,7031,312
2024-01-11$51.86$50.0033.8%9.7%28.3%13.7%0.0%2.5%-4.2%-77.7K1.0M-15.2K0.00103.93001,7051,322
2024-01-12$52.19$50.0032.4%9.3%27.3%12.7%32.7%22.3%-1.0%-83.6K744.4K-15.1K1.44103.099131,7051,322
2024-01-16$51.28$50.0030.3%8.7%27.8%11.2%28.9%3.5%2.8%-114.0K1.2M-14.8K0.29100.7838111,7121,332
2024-01-17$50.89$50.0026.3%7.5%27.4%8.3%0.0%10.2%11.7%-86.0K1.3M-14.9K0.28109.7957161,7081,340
2024-01-18$50.98$50.0034.8%10.0%27.0%14.4%36.8%3.1%-3.1%-136.9K1.4M-14.3K0.5497.9074401,6881,331
2024-01-19$50.41$50.0037.3%10.7%25.1%16.2%36.0%7.8%-3.0%-94.8K1.4M-14.2K2.2598.2120451,7301,344
2024-01-22$50.55$50.0030.2%8.7%24.9%11.1%20.1%12.3%2.6%-88.7K1.1M-13.5K0.24103.68164391,4851,165
2024-01-23$51.16$50.0024.0%6.9%25.3%6.7%27.7%9.5%12.5%-118.7K775.3K-14.2K1.4588.6611161,5881,195
2024-01-24$51.91$50.0028.1%8.0%23.5%9.6%33.0%29.8%-2.6%-84.9K462.0K-12.3K0.0996.706561,5991,202
2024-01-25$52.44$50.0026.1%7.5%23.7%8.2%30.4%-2.7%7.3%-80.5K61.5K-14.4K1.28106.3536461,6631,202
2024-01-26$53.36$50.0027.2%7.8%22.3%8.9%30.8%0.8%4.2%-34.4K-732.1K-15.8K0.4993.7651251,6931,225
2024-01-29$53.91$50.0030.0%8.6%22.5%11.0%32.7%2.1%-1.0%1.4K-1.1M-14.3K0.08102.353731,7261,243
2024-01-30$54.69$50.0028.0%8.0%20.4%9.5%28.2%26.2%2.9%107.5K-1.6M-15.3K0.4990.3035171,7411,242
2024-01-31$52.91$50.0030.9%8.9%22.8%11.6%29.1%3.1%1.2%-57.7K-533.6K-15.0K0.3580.1940141,7381,242