CQP Options History — June 2025

In June 2025, CQP traded between $54.89 and $59.81. ATM implied volatility averaged 26.8%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 1.5% (HV 20d: 28.4%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.27.

Notable Days

2025-06-25: Highest Volume — 716 contracts
2025-06-25: Largest IV drop — 27.1% change
2025-06-24: Highest IV Rank — 42.2%
2025-06-24: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$57.14	$54.89	$59.81	$58.08	$55.86
Max Pain	$57.25	$55.00	$60.00	$60.00	$55.00
ATM IV	26.8%	22.0%	35.7%	25.6%	23.9%
Expected Move	7.7%	5.8%	10.2%	7.3%	6.9%
HV 20d	28.4%	22.6%	33.7%	31.0%	27.8%
HV 60d	44.4%	43.9%	44.9%	44.8%	43.9%
IV Rank	24.5%	14.9%	42.2%	22.0%	18.6%
IV Percentile	55.5%	24.2%	88.9%	51.2%	35.3%
Term Structure	1.5%	-4.5%	12.0%	-4.5%	5.9%
VWIV	27.1%	22.6%	31.6%	31.5%	23.8%
Skew 25d	3.5%	-9.3%	33.7%	4.6%	33.7%
Skew 10d	11.5%	-17.2%	69.2%	19.7%	69.2%
Call IV 25d	25.6%	18.2%	30.8%	25.8%	23.5%
Put IV 25d	29.1%	15.9%	57.1%	30.4%	57.1%
Bid-Ask Spread %	90.79	74.78	109.47	77.55	82.08
Gamma HHI	0.32	0.25	0.49	0.25	0.44
Net GEX	59.2K	823	167.0K	26.0K	133.1K
Net DEX	-439.6K	-1.3M	515.8K	-33.0K	-680.4K
Net VEX	-16.2K	-20.2K	-10.8K	-12.2K	-18.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.27	0.00	6.89	6.89	0.37
Total Volume	105.9	9	716	71	37
Total OI	2,527.7	1,765	2,947	2,270	2,672

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
2025-06-02	$58.08	$60.00	25.6%	7.3%	31.0%	22.0%	31.5%	4.6%	-4.5%	26.0K	-33.0K	-12.2K	6.89	77.55	9	62	1,162	1,108
2025-06-03	$59.81	$60.00	28.4%	8.1%	32.9%	27.6%	27.4%	4.8%	-0.5%	66.1K	-832.2K	-11.1K	0.29	74.78	14	4	1,168	1,156
2025-06-04	$58.30	$60.00	27.9%	8.0%	33.4%	26.7%	26.5%	2.9%	-0.0%	39.5K	-35.2K	-12.0K	0.50	91.88	6	3	1,172	1,157
2025-06-05	$59.06	$60.00	26.2%	7.0%	33.7%	23.3%	0.0%	0.2%	3.2%	59.8K	-399.5K	-10.8K	4.50	103.97	2	9	1,168	1,164
2025-06-06	$58.62	$60.00	24.5%	7.2%	31.2%	19.8%	25.2%	-2.7%	-0.8%	55.5K	-75.2K	-11.2K	0.05	93.27	55	3	1,169	1,161
2025-06-09	$57.14	$60.00	22.0%	7.5%	32.1%	14.9%	27.4%	0.5%	3.1%	823	515.8K	-11.9K	0.06	82.66	529	33	1,189	1,162
2025-06-10	$57.10	$60.00	22.7%	5.8%	32.0%	16.1%	24.6%	-1.7%	12.0%	39.7K	-426.0K	-19.0K	0.11	95.54	18	2	1,673	1,192
2025-06-11	$57.81	$60.00	24.0%	6.9%	29.5%	18.9%	26.6%	4.4%	0.6%	81.2K	-807.8K	-19.0K	0.00	84.94	10	0	1,663	1,196
2025-06-12	$58.41	$60.00	25.2%	7.2%	29.7%	21.2%	25.9%	-9.3%	2.2%	117.8K	-1.3M	-18.7K	0.43	98.04	63	27	1,665	1,196
2025-06-13	$57.59	$55.00	26.9%	7.7%	27.8%	24.6%	22.6%	2.6%	0.4%	70.2K	-866.4K	-18.8K	5.33	99.68	3	16	1,697	1,186
2025-06-16	$57.00	$55.00	33.0%	9.5%	27.8%	36.8%	31.1%	4.6%	-1.1%	10.5K	-462.0K	-17.1K	1.75	96.26	4	7	1,699	1,198
2025-06-17	$56.44	$55.00	24.1%	6.9%	22.6%	19.0%	26.8%	-3.3%	3.0%	21.9K	-258.7K	-18.2K	0.45	98.82	11	5	1,703	1,202
2025-06-18	$56.80	$55.00	25.4%	7.3%	22.8%	21.6%	31.4%	2.0%	0.4%	8.5K	-336.0K	-17.0K	1.25	109.47	28	35	1,704	1,207
2025-06-20	$55.77	$55.00	30.8%	8.8%	23.5%	32.5%	28.6%	4.4%	0.7%	30.9K	-171.3K	-17.3K	0.95	100.65	42	40	1,715	1,232
2025-06-23	$55.48	$55.00	30.1%	8.6%	23.5%	31.0%	26.8%	7.0%	2.3%	31.1K	-147.0K	-16.7K	0.32	86.28	90	29	1,087	678
2025-06-24	$56.59	$55.00	35.7%	10.2%	24.7%	42.2%	31.6%	3.9%	-2.8%	48.1K	-535.7K	-18.0K	0.17	89.82	135	23	1,130	684
2025-06-25	$54.89	$55.00	26.0%	7.5%	25.7%	22.8%	27.2%	6.3%	3.3%	37.6K	-71.6K	-17.1K	0.04	90.94	689	27	1,243	707
2025-06-26	$56.38	$55.00	26.4%	7.6%	27.8%	23.5%	24.7%	-0.5%	-0.1%	167.0K	-1.1M	-20.0K	1.22	81.23	9	11	1,911	724
2025-06-27	$55.62	$55.00	28.0%	8.0%	27.9%	26.9%	25.4%	5.9%	2.1%	138.3K	-808.2K	-20.2K	0.75	77.88	16	12	1,919	735
2025-06-30	$55.86	$55.00	23.9%	6.9%	27.8%	18.6%	23.8%	33.7%	5.9%	133.1K	-680.4K	-18.4K	0.37	82.08	27	10	1,926	746