CQP Options History — August 2025

In August 2025, CQP traded between $52.89 and $57.43. ATM implied volatility averaged 25.5%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 0.7% (HV 20d: 26.2%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.94.

Notable Days

  • 2025-08-11: Highest Volume — 165 contracts
  • 2025-08-11: Largest IV spike — 40.6% change
  • 2025-08-11: Highest IV Rank — 42.0%
  • 2025-08-01: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.64$52.89$57.43$56.44$55.15
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV25.5%21.3%35.6%32.1%22.0%
Expected Move6.9%6.1%9.2%9.2%6.3%
HV 20d26.2%21.0%29.7%25.9%21.0%
HV 60d25.4%23.2%27.8%27.5%23.2%
IV Rank21.8%13.3%42.0%34.9%14.9%
IV Percentile41.3%16.7%87.7%80.6%18.7%
Term Structure1.6%-5.1%5.0%-5.1%1.3%
VWIV25.0%22.0%32.1%32.1%22.4%
Skew 25d4.0%0.7%30.0%30.0%4.1%
Skew 10d8.9%-3.7%73.7%73.7%6.5%
Call IV 25d24.7%22.1%30.2%30.2%22.9%
Put IV 25d28.7%24.8%60.1%60.1%27.0%
Bid-Ask Spread %85.4475.0790.6785.0490.63
Gamma HHI0.290.240.340.270.34
Net GEX-11.9K-71.0K42.9K9.1K27.4K
Net DEX133.9K-1.6M1.2M-850.4K-294.0K
Net VEX-16.0K-17.5K-14.4K-17.0K-14.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.036.380.250.50
Total Volume59.429211658427
Total OI2,642.3812,4492,7482,6402,578

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$56.44$55.0032.1%9.2%25.9%34.9%32.1%30.0%-5.1%9.1K-850.4K-17.0K0.2585.0467171,5371,103
2025-08-04$57.43$55.0025.2%7.6%26.5%21.3%25.1%4.8%0.2%42.9K-1.6M-15.5K0.5486.5337201,5551,118
2025-08-05$56.43$55.0026.4%7.3%27.1%23.6%26.5%0.7%0.4%-3.2K-944.4K-16.5K0.8988.9918161,5801,112
2025-08-06$55.63$55.0031.5%7.3%27.6%33.8%25.6%1.4%2.7%-33.9K-401.8K-16.4K2.2387.9313291,5811,116
2025-08-07$55.39$55.0025.0%6.8%27.6%20.8%23.8%2.9%3.6%-37.9K-200.6K-15.9K0.5490.6750271,5721,125
2025-08-08$54.41$55.0025.3%7.2%28.4%21.5%25.2%2.5%1.2%-41.1K506.4K-17.2K1.1787.6423271,5541,152
2025-08-11$52.89$55.0035.6%7.3%29.7%42.0%28.2%2.8%5.0%-49.3K1.0M-17.5K0.4188.37117481,5521,163
2025-08-12$53.34$55.0034.2%6.8%28.7%39.2%26.6%1.3%2.7%-56.5K1.2M-15.9K6.3880.828511,5191,174
2025-08-13$54.30$55.0023.0%6.6%29.3%16.9%25.3%5.1%2.7%-65.3K610.7K-16.3K0.7385.0544321,5231,200
2025-08-14$54.42$55.0023.9%6.8%29.2%18.6%24.3%2.9%1.3%-71.0K548.6K-16.9K0.1584.913351,5291,202
2025-08-15$54.03$55.0024.3%7.0%28.3%19.4%23.8%2.6%1.0%-7.2K984.6K-16.5K0.2589.913281,5471,201
2025-08-18$53.63$55.0021.3%6.1%26.4%13.3%22.0%2.7%2.5%-30.7K708.5K-14.5K0.1675.0793151,3911,058
2025-08-19$53.11$55.0023.8%6.8%26.6%18.5%23.9%1.5%0.4%-16.2K963.3K-15.3K0.0476.125421,4591,060
2025-08-20$54.00$55.0023.6%6.8%27.0%18.0%24.1%2.4%0.3%4.1K335.2K-15.9K0.0985.214441,5051,062
2025-08-21$54.58$55.0023.3%6.7%25.1%17.5%25.1%3.5%3.5%6.5K31.0K-16.1K0.4188.9127111,4981,062
2025-08-22$54.35$55.0023.0%6.6%25.0%16.9%23.6%2.4%1.0%23.2K-76.2K-17.3K0.0584.642011,5251,063
2025-08-25$53.89$55.0022.8%6.5%24.9%16.4%23.7%2.4%2.7%11.8K403.4K-15.7K0.0379.323611,5381,064
2025-08-26$54.49$55.0023.5%6.7%21.9%17.8%23.5%3.0%0.2%6.7K142.7K-14.7K1.0787.8915161,5621,065
2025-08-27$54.40$55.0023.5%6.7%21.8%17.8%24.9%2.2%4.4%6.6K80.0K-15.4K3.3886.8516541,5511,081
2025-08-28$55.15$55.0022.2%6.4%22.1%15.3%24.8%3.2%1.3%24.8K-371.3K-15.0K0.5883.6557331,5541,099
2025-08-29$55.15$55.0022.0%6.3%21.0%14.9%22.4%4.1%1.3%27.4K-294.0K-14.4K0.5090.631891,5061,072