CQP Options History — May 2025

In May 2025, CQP traded between $56.53 and $61.13. ATM implied volatility averaged 28.8%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 11.1% (HV 20d: 39.9%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.98.

Notable Days

  • 2025-05-16: Highest Volume — 179 contracts
  • 2025-05-02: Largest IV spike — 39.2% change
  • 2025-05-12: Highest IV Rank — 46.0%
  • 2025-05-02: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.56$56.53$61.13$58.86$57.33
Max Pain$59.05$55.00$60.00$60.00$60.00
ATM IV28.8%22.6%39.4%23.1%29.2%
Expected Move7.9%6.5%9.2%6.6%8.4%
HV 20d39.9%31.8%64.4%64.4%31.8%
HV 60d45.6%44.8%46.5%46.2%45.0%
IV Rank27.2%15.8%46.0%15.8%29.2%
IV Percentile66.7%31.7%92.1%38.9%72.6%
Term Structure1.4%-5.2%15.5%15.5%2.2%
VWIV27.5%23.7%32.2%24.6%28.4%
Skew 25d6.1%0.1%46.3%14.8%9.4%
Skew 10d12.8%-4.5%73.0%19.2%18.3%
Call IV 25d26.4%20.6%29.4%20.6%22.9%
Put IV 25d32.5%27.0%73.9%35.5%32.2%
Bid-Ask Spread %84.1671.0696.9696.9675.83
Gamma HHI0.240.210.270.210.26
Net GEX25.1K-47.3K91.7K8.8K24.0K
Net DEX-145.3K-1.4M819.5K-159.9K222.9K
Net VEX-13.5K-15.2K-11.5K-15.2K-13.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.980.0020.501.430.91
Total Volume45.28661791721
Total OI2,256.3332,1802,3352,2122,271

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$58.86$60.0023.1%6.6%64.4%15.8%24.6%14.8%15.5%8.8K-159.9K-15.2K1.4396.967101,1531,059
2025-05-02$60.27$60.0032.2%9.2%62.8%32.6%32.2%46.3%-2.7%61.0K-891.2K-14.3K0.3793.1841151,1581,065
2025-05-05$60.08$55.0032.9%8.5%50.5%34.0%29.9%5.0%1.8%63.8K-876.4K-14.6K0.0086.59601,1831,065
2025-05-06$58.96$55.0036.4%8.5%48.9%40.4%29.3%1.8%0.4%51.7K-403.2K-14.2K0.1388.771621,1881,065
2025-05-07$58.53$55.0029.8%8.5%49.0%28.2%29.3%0.7%-0.0%14.7K-171.3K-14.6K0.5787.1437211,1891,067
2025-05-08$56.53$55.0029.4%8.5%42.1%27.6%29.1%3.5%1.2%-47.3K819.5K-13.1K1.5986.3122351,1841,081
2025-05-09$57.48$60.0033.4%7.6%35.2%35.0%27.0%0.1%6.8%2.4K491.6K-14.1K1.2485.9233411,1641,105
2025-05-12$56.97$60.0039.4%7.8%33.2%46.0%28.2%3.2%0.7%-21.3K705.0K-12.9K1.3882.0313181,1881,117
2025-05-13$59.05$60.0027.5%7.7%34.9%23.9%27.0%3.3%-1.3%34.5K-237.8K-12.3K1.5689.1316251,1861,112
2025-05-14$59.08$60.0025.9%7.4%34.5%21.1%24.4%3.4%-0.7%23.0K-226.5K-12.5K0.0682.323621,1821,125
2025-05-15$60.86$60.0026.2%7.5%35.9%21.5%26.1%6.6%4.2%91.7K-1.2M-13.3K0.4786.7773341,1971,126
2025-05-16$61.13$60.0025.3%7.2%35.8%21.4%23.7%4.7%1.4%79.0K-1.4M-12.8K0.4192.32127521,2031,132
2025-05-19$58.28$60.0027.4%7.9%35.3%25.6%28.2%2.5%-1.6%24.8K-2.2K-14.1K0.4282.6336151,1041,076
2025-05-20$58.10$60.0031.5%9.0%35.3%33.9%30.6%1.9%-5.2%23.5K-83.3K-14.5K1.5077.8412181,1171,083
2025-05-21$57.68$60.0022.6%6.5%35.1%16.0%26.5%2.1%0.8%-8.2K263.9K-13.2K0.2580.312871,1201,100
2025-05-22$57.58$60.0026.5%7.6%35.1%23.8%27.1%3.4%-1.9%-4.9K262.2K-13.3K0.3871.062181,1161,102
2025-05-23$57.81$60.0026.4%7.6%35.1%23.7%28.5%1.9%4.8%5.4K176.7K-13.4K6.0085.01161,1331,105
2025-05-27$58.87$60.0027.1%7.8%35.3%25.0%27.3%3.7%0.2%32.2K-296.5K-11.5K0.6571.2820131,1341,106
2025-05-28$58.56$60.0026.2%7.5%35.4%23.1%26.8%2.3%1.0%45.3K-171.8K-12.6K1.8677.437131,1551,107
2025-05-29$57.83$60.0026.5%7.6%32.5%23.7%24.5%6.7%1.4%23.3K184.2K-13.4K20.5088.502411,1541,106
2025-05-30$57.33$60.0029.2%8.4%31.8%29.2%28.4%9.4%2.2%24.0K222.9K-13.2K0.9175.8311101,1641,107