CQP Options History — March 2024

In March 2024, CQP traded between $47.88 and $50.53. ATM implied volatility averaged 25.8%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 3.8% (HV 20d: 21.9%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.13.

Notable Days

2024-03-18: Highest Volume — 303 contracts
2024-03-25: Largest IV spike — 24.6% change
2024-03-28: Highest IV Rank — 28.6%
2024-03-04: Largest Expected Move — 10.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.98	$47.88	$50.53	$48.81	$49.65
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	25.8%	20.7%	29.9%	26.9%	27.7%
Expected Move	7.5%	5.9%	10.0%	7.7%	8.0%
HV 20d	21.9%	18.6%	26.6%	26.6%	18.6%
HV 60d	24.9%	22.9%	27.4%	27.4%	22.9%
IV Rank	15.0%	6.1%	28.6%	8.7%	28.6%
IV Percentile	36.1%	6.3%	58.3%	41.7%	53.6%
Term Structure	4.8%	-3.2%	13.6%	2.2%	-2.5%
VWIV	27.9%	20.9%	44.5%	29.9%	26.0%
Skew 25d	4.1%	-2.1%	26.2%	3.8%	-1.1%
Skew 10d	3.9%	-20.0%	63.9%	2.5%	-2.3%
Call IV 25d	27.5%	22.4%	36.9%	29.2%	29.3%
Put IV 25d	31.6%	23.2%	54.5%	32.9%	28.2%
Bid-Ask Spread %	87.35	70.26	99.71	92.30	96.84
Gamma HHI	0.36	0.22	0.55	0.41	0.28
Net GEX	-86.8K	-228.8K	43.9K	-151.6K	18.8K
Net DEX	1.6M	-322.0K	3.1M	2.1M	262.4K
Net VEX	-13.2K	-15.9K	-11.3K	-13.2K	-14.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.13	0.04	4.50	2.24	0.14
Total Volume	86.8	24	303	55	66
Total OI	3,057.6	1,906	3,745	3,489	2,576

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
2024-03-01	$48.81	$50.00	26.9%	7.7%	26.6%	8.7%	29.9%	3.8%	2.2%	-151.6K	2.1M	-13.2K	2.24	92.30	17	38	2,036	1,453
2024-03-04	$48.81	$50.00	29.3%	10.0%	26.2%	10.4%	44.5%	12.6%	6.4%	-161.7K	2.2M	-13.9K	2.00	99.71	19	38	2,046	1,486
2024-03-05	$48.92	$50.00	29.9%	8.7%	26.1%	10.9%	30.5%	-2.1%	5.5%	-154.2K	2.1M	-13.3K	1.72	96.56	25	43	2,051	1,480
2024-03-06	$49.39	$50.00	29.1%	6.9%	22.8%	10.3%	32.8%	4.2%	13.6%	-162.6K	1.8M	-13.5K	0.55	98.94	29	16	2,056	1,502
2024-03-07	$48.69	$50.00	23.7%	8.0%	23.2%	6.4%	28.6%	1.2%	1.1%	-184.6K	2.4M	-11.9K	0.82	86.82	65	53	2,054	1,515
2024-03-08	$48.49	$50.00	23.2%	8.2%	23.2%	6.1%	32.7%	22.5%	0.2%	-181.0K	2.5M	-13.2K	1.19	87.44	57	68	2,077	1,565
2024-03-11	$49.17	$50.00	28.7%	7.5%	23.9%	10.0%	26.4%	4.9%	6.3%	-228.8K	2.4M	-12.5K	2.13	94.44	8	17	2,116	1,604
2024-03-12	$48.89	$50.00	27.2%	7.8%	21.6%	8.9%	28.1%	26.2%	3.5%	-217.9K	2.6M	-12.5K	0.71	91.84	14	10	2,122	1,617
2024-03-13	$48.28	$50.00	27.1%	7.8%	21.6%	8.9%	28.7%	3.0%	2.8%	-153.3K	3.0M	-12.0K	2.34	90.80	29	68	2,123	1,622
2024-03-14	$47.88	$50.00	27.8%	8.0%	21.7%	9.4%	28.5%	-1.9%	6.2%	-126.8K	3.1M	-11.3K	4.50	83.66	12	54	2,121	1,624
2024-03-15	$48.31	$50.00	26.8%	7.7%	20.6%	26.5%	29.5%	1.9%	6.6%	-48.4K	2.9M	-11.7K	1.33	79.46	57	76	2,131	1,605
2024-03-18	$48.27	$50.00	25.7%	7.4%	19.9%	24.1%	25.7%	1.7%	6.9%	-57.4K	1.4M	-11.7K	0.04	71.39	292	11	918	988
2024-03-19	$48.92	$50.00	25.5%	7.3%	20.8%	23.8%	25.7%	1.2%	6.6%	-13.6K	690.8K	-13.5K	0.08	70.26	116	9	1,163	1,002
2024-03-20	$50.12	$50.00	23.0%	6.6%	22.3%	18.2%	23.7%	2.7%	6.9%	20.4K	6.1K	-14.7K	0.30	85.89	81	24	1,284	1,004
2024-03-21	$50.53	$50.00	21.9%	6.3%	21.0%	15.8%	23.3%	3.1%	10.8%	43.9K	-322.0K	-15.7K	0.14	92.57	36	5	1,352	1,024
2024-03-22	$49.45	$50.00	20.7%	5.9%	21.0%	13.2%	20.9%	0.5%	6.9%	16.6K	390.2K	-14.1K	1.00	82.63	29	29	1,379	1,027
2024-03-25	$49.35	$50.00	25.8%	7.4%	20.0%	24.3%	26.2%	-1.7%	-3.2%	-15.9K	482.8K	-12.5K	1.26	82.15	19	24	1,393	1,049
2024-03-26	$48.59	$50.00	21.2%	6.1%	18.9%	14.3%	23.3%	0.8%	5.8%	-9.3K	969.6K	-13.2K	0.11	86.22	63	7	1,402	1,070
2024-03-27	$49.06	$50.00	24.0%	6.9%	18.7%	20.5%	23.2%	-1.3%	3.5%	31.2K	347.3K	-15.9K	0.10	77.12	102	10	1,439	1,076
2024-03-28	$49.65	$50.00	27.7%	8.0%	18.6%	28.6%	26.0%	-1.1%	-2.5%	18.8K	262.4K	-14.2K	0.14	96.84	58	8	1,490	1,086