CQP Options History — March 2025

In March 2025, CQP traded between $61.67 and $66.69. ATM implied volatility averaged 31.4%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 3.1% (HV 20d: 34.5%). Max pain ranged from $55.00 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.20.

Notable Days

  • 2025-03-20: Highest Volume — 198 contracts
  • 2025-03-11: Largest IV spike — 36.7% change
  • 2025-03-11: Highest IV Rank — 56.2%
  • 2025-03-11: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$63.58$61.67$66.69$66.69$65.82
Max Pain$60.75$55.00$65.00$60.00$65.00
ATM IV31.4%24.3%44.9%31.6%31.7%
Expected Move8.9%5.2%11.2%9.1%8.6%
HV 20d34.5%30.8%39.7%37.3%33.5%
HV 60d35.2%33.4%36.4%35.5%35.3%
IV Rank31.2%18.1%56.2%31.6%31.8%
IV Percentile80.7%47.6%97.2%88.9%86.1%
Term Structure-1.1%-8.2%8.3%-2.9%-1.4%
VWIV31.5%18.3%42.8%30.3%26.4%
Skew 25d6.5%-1.5%16.5%4.2%-1.5%
Skew 10d13.2%-4.4%37.2%11.0%-4.4%
Call IV 25d27.3%19.3%33.1%29.7%26.6%
Put IV 25d33.8%25.2%45.0%33.9%25.2%
Bid-Ask Spread %87.2967.63111.4367.6383.77
Gamma HHI0.270.200.390.270.31
Net GEX142.9K18.6K217.9K199.8K177.3K
Net DEX-3.0M-5.3M-1.3M-5.3M-3.7M
Net VEX-18.5K-21.5K-15.8K-18.7K-16.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.0013.300.180.24
Total Volume81.6676198109165
Total OI2,751.3812,1183,1692,8072,346

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$66.69$60.0031.6%9.1%37.3%31.6%30.3%4.2%-2.9%199.8K-5.3M-18.7K0.1867.6392171,4781,329
2025-03-04$64.33$60.0032.9%9.4%36.5%33.9%35.3%14.6%-1.6%168.7K-3.8M-20.7K0.7289.1736261,4651,341
2025-03-05$63.68$60.0033.1%9.5%36.6%34.4%33.1%4.2%-1.2%157.1K-3.4M-21.5K0.5982.0132191,4751,358
2025-03-06$62.03$60.0037.2%10.7%37.7%42.0%36.0%8.8%-2.9%133.3K-2.4M-19.4K0.0382.513711,4691,370
2025-03-07$64.38$60.0032.6%9.4%38.8%33.5%30.9%14.9%-3.1%194.3K-3.9M-18.2K0.0394.844011,4601,369
2025-03-10$62.63$60.0032.8%9.4%39.7%33.9%42.8%11.2%-0.5%126.4K-2.5M-20.7K5.7194.877401,4821,369
2025-03-11$62.39$60.0044.9%11.2%36.4%56.2%39.8%11.9%-8.2%138.5K-2.4M-20.1K0.0292.464311,4841,377
2025-03-12$62.87$60.0036.1%9.3%33.4%40.0%36.9%16.5%-5.9%160.1K-3.1M-19.6K13.3090.75101331,5231,376
2025-03-13$62.77$60.0036.0%9.3%32.6%39.7%0.0%10.9%1.0%143.1K-2.9M-19.3K0.0088.43601,5281,467
2025-03-14$63.78$60.0031.0%9.2%32.1%30.4%30.9%3.1%-4.8%193.9K-3.5M-18.7K0.7380.3551371,5321,467
2025-03-17$64.75$55.0029.9%8.2%32.3%28.5%25.7%3.2%-3.2%211.1K-4.3M-16.8K0.5978.9737221,5481,467
2025-03-18$65.22$55.0029.7%8.1%32.3%28.1%29.8%4.9%-1.9%217.9K-4.5M-17.6K1.0070.3264641,5711,509
2025-03-19$64.17$55.0028.8%7.9%32.5%26.4%36.1%3.9%-1.2%201.7K-3.7M-19.4K0.5384.7434181,5981,571
2025-03-20$61.70$0.0031.1%9.4%34.4%30.7%32.8%5.1%1.9%18.6K-1.3M-18.4K0.38111.43143551,4601,589
2025-03-21$61.67$60.0030.2%10.7%34.2%29.0%30.7%5.0%7.0%42.5K-1.6M-18.7K0.3998.4062241,5051,586
2025-03-24$62.41$65.0028.9%9.5%33.2%26.7%0.0%4.3%8.3%54.3K-1.5M-18.9K0.16105.25130211,0791,039
2025-03-25$63.08$65.0024.3%7.3%33.4%18.1%18.3%3.1%1.5%115.0K-2.2M-15.8K0.3588.6266231,1931,058
2025-03-26$63.94$65.0025.1%7.9%33.2%19.6%26.8%3.3%2.1%107.2K-2.4M-17.7K0.1878.6877141,2181,078
2025-03-27$63.46$65.0025.2%5.2%32.6%19.7%27.6%2.8%-8.0%124.4K-2.4M-16.4K0.1288.665261,2251,081
2025-03-28$63.48$65.0026.1%8.4%30.8%21.4%29.3%2.1%2.5%115.8K-2.3M-16.9K0.0081.26901,2601,079
2025-03-31$65.82$65.0031.7%8.6%33.5%31.8%26.4%-1.5%-1.4%177.3K-3.7M-16.1K0.2483.77133321,2671,079