CQP Options History — February 2024

In February 2024, CQP traded between $48.70 and $52.95. ATM implied volatility averaged 32.1%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 6.2% (HV 20d: 25.9%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.53.

Notable Days

2024-02-27: Highest Volume — 235 contracts
2024-02-21: Largest IV spike — 32.0% change
2024-02-21: Highest IV Rank — 20.9%
2024-02-21: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.94	$48.70	$52.95	$52.95	$48.70
Max Pain	$50.75	$50.00	$55.00	$55.00	$50.00
ATM IV	32.1%	25.6%	43.9%	30.8%	27.7%
Expected Move	9.3%	7.3%	12.6%	8.3%	7.9%
HV 20d	25.9%	21.1%	29.0%	21.1%	26.6%
HV 60d	26.9%	25.7%	27.7%	25.7%	27.4%
IV Rank	12.4%	7.8%	20.9%	11.5%	9.3%
IV Percentile	64.6%	34.1%	93.3%	61.9%	47.2%
Term Structure	1.0%	-15.3%	16.1%	-0.0%	2.5%
VWIV	31.8%	21.3%	36.8%	32.1%	35.3%
Skew 25d	3.3%	-7.7%	27.4%	1.7%	1.8%
Skew 10d	2.9%	-12.3%	16.6%	3.2%	-2.3%
Call IV 25d	31.2%	24.3%	34.9%	32.2%	30.8%
Put IV 25d	34.5%	24.5%	51.6%	33.9%	32.6%
Bid-Ask Spread %	86.59	53.26	100.64	92.77	93.47
Gamma HHI	0.31	0.23	0.39	0.31	0.39
Net GEX	-73.7K	-151.7K	83.1K	-32.8K	-151.7K
Net DEX	687.9K	-1.3M	2.3M	-541.3K	2.3M
Net VEX	-14.7K	-16.6K	-12.3K	-15.0K	-12.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.53	0.08	3.75	1.44	1.58
Total Volume	116.45	29	235	95	191
Total OI	3,208.45	2,974	3,476	3,017	3,476

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
2024-02-01	$52.95	$55.00	30.8%	8.3%	21.1%	11.5%	32.1%	1.7%	-0.0%	-32.8K	-541.3K	-15.0K	1.44	92.77	39	56	1,764	1,253
2024-02-02	$52.06	$55.00	30.0%	9.4%	21.9%	11.0%	36.8%	1.1%	-0.9%	-98.7K	122.1K	-14.9K	2.79	91.33	19	53	1,761	1,294
2024-02-05	$51.53	$55.00	27.3%	9.4%	22.1%	9.0%	32.9%	1.9%	-0.5%	-106.2K	404.7K	-13.5K	0.23	95.10	175	41	1,760	1,346
2024-02-06	$49.61	$50.00	33.1%	9.3%	24.7%	13.2%	31.7%	5.5%	1.4%	-102.8K	1.6M	-15.3K	2.77	91.35	31	86	1,766	1,357
2024-02-07	$49.91	$50.00	32.7%	9.4%	24.6%	12.8%	31.6%	4.5%	1.2%	-128.2K	1.5M	-15.7K	0.14	88.92	88	12	1,768	1,425
2024-02-08	$49.97	$50.00	32.5%	9.3%	24.5%	12.7%	32.9%	2.6%	-0.0%	-139.4K	1.5M	-15.7K	0.67	68.17	43	29	1,806	1,432
2024-02-09	$49.96	$50.00	32.4%	9.3%	24.5%	12.6%	31.1%	4.1%	1.0%	-135.5K	1.5M	-15.8K	0.16	59.39	25	4	1,843	1,454
2024-02-12	$51.30	$50.00	33.9%	9.7%	26.3%	13.8%	32.7%	4.0%	-0.9%	-109.2K	529.4K	-15.6K	1.23	76.17	30	37	1,839	1,454
2024-02-13	$50.63	$50.00	34.5%	9.9%	26.0%	14.2%	36.7%	4.9%	-2.8%	-72.8K	783.6K	-15.4K	3.41	79.96	29	99	1,867	1,453
2024-02-14	$50.47	$50.00	33.3%	9.5%	25.9%	13.3%	30.8%	4.9%	-0.2%	-126.8K	1.0M	-15.2K	3.75	53.26	12	45	1,873	1,437
2024-02-15	$51.44	$50.00	34.6%	9.9%	26.8%	14.2%	33.5%	6.5%	-15.3%	-60.6K	286.9K	-16.0K	3.41	87.88	17	58	1,871	1,458
2024-02-16	$52.04	$50.00	25.6%	7.3%	26.7%	7.8%	28.9%	-4.5%	-2.6%	5.9K	-229.0K	-14.7K	2.29	88.66	70	160	1,873	1,425
2024-02-20	$51.82	$50.00	33.3%	9.5%	26.8%	13.3%	33.3%	6.8%	14.2%	-7.0K	53.8K	-14.4K	1.09	87.56	54	59	1,756	1,218
2024-02-21	$52.51	$50.00	43.9%	12.6%	26.8%	20.9%	21.3%	27.4%	16.1%	83.1K	-1.3M	-16.6K	0.13	93.43	133	17	1,808	1,272
2024-02-22	$51.26	$50.00	32.5%	9.3%	27.8%	12.8%	31.0%	-1.3%	5.0%	-21.2K	398.1K	-14.5K	0.64	98.05	53	34	1,854	1,286
2024-02-23	$52.20	$50.00	31.8%	9.1%	28.4%	12.2%	28.6%	3.3%	1.6%	2.4K	-49.1K	-14.6K	1.03	95.03	32	33	1,845	1,304
2024-02-26	$51.20	$50.00	32.5%	9.3%	28.3%	12.7%	32.4%	-0.1%	7.4%	-40.2K	557.4K	-14.0K	1.68	91.73	37	62	1,853	1,316
2024-02-27	$49.94	$50.00	29.7%	8.5%	29.0%	10.7%	31.4%	-7.7%	1.4%	-107.5K	1.5M	-12.9K	0.08	100.64	217	18	1,828	1,370
2024-02-28	$49.27	$50.00	29.9%	8.6%	28.4%	10.9%	31.2%	-1.4%	-9.0%	-125.2K	1.8M	-12.3K	2.12	98.93	42	89	2,029	1,375
2024-02-29	$48.70	$50.00	27.7%	7.9%	26.6%	9.3%	35.3%	1.8%	2.5%	-151.7K	2.3M	-12.4K	1.58	93.47	74	117	2,041	1,435