CQP Options History — November 2025

In November 2025, CQP traded between $50.66 and $54.73. ATM implied volatility averaged 30.5%, placing in the 32.2% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 4.1% (HV 20d: 26.4%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 2.89.

Notable Days

2025-11-14: Highest Volume — 206 contracts
2025-11-24: Largest IV spike — 42.8% change
2025-11-18: Highest IV Rank — 53.1%
2025-11-18: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.50	$50.66	$54.73	$51.91	$54.73
Max Pain	$55.00	$55.00	$55.00	$55.00	$55.00
ATM IV	30.5%	20.6%	41.0%	33.0%	26.3%
Expected Move	8.3%	5.9%	11.7%	9.5%	7.5%
HV 20d	26.4%	24.4%	28.7%	25.2%	27.0%
HV 60d	21.7%	20.1%	22.9%	21.0%	22.9%
IV Rank	32.2%	12.6%	53.1%	37.2%	23.9%
IV Percentile	65.7%	8.3%	94.4%	85.3%	48.0%
Term Structure	-1.5%	-14.9%	6.7%	-6.4%	-1.5%
VWIV	28.3%	20.5%	39.3%	33.1%	26.3%
Skew 25d	7.5%	-1.4%	14.6%	12.3%	9.2%
Skew 10d	24.2%	-10.0%	66.1%	66.1%	15.5%
Call IV 25d	28.1%	19.5%	39.5%	39.5%	21.5%
Put IV 25d	35.6%	25.9%	51.8%	51.8%	30.7%
Bid-Ask Spread %	106.45	96.85	114.26	108.63	102.42
Gamma HHI	0.28	0.25	0.35	0.30	0.30
Net GEX	15.8K	-58.9K	77.3K	-20.6K	72.3K
Net DEX	481.9K	-621.5K	1.5M	897.0K	-621.5K
Net VEX	-10.6K	-13.0K	-7.8K	-11.1K	-7.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.89	0.05	18.00	0.38	0.12
Total Volume	35.158	0	206	11	19
Total OI	2,250.947	2,073	2,326	2,307	2,115

Daily Data (19 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
2025-11-03	$51.91	$55.00	33.0%	9.5%	25.2%	37.2%	33.1%	12.3%	-6.4%	-20.6K	897.0K	-11.1K	0.38	108.63	8	3	1,320	987
2025-11-04	$52.13	$55.00	34.8%	10.0%	25.2%	40.9%	0.0%	10.9%	-5.3%	-16.8K	758.3K	-11.9K	0.00	108.61	0	0	1,328	989
2025-11-05	$51.42	$55.00	28.2%	8.1%	25.6%	27.7%	37.3%	-1.4%	-0.5%	-41.3K	1.4M	-10.8K	18.00	96.85	1	18	1,328	989
2025-11-06	$50.91	$55.00	36.3%	7.0%	25.0%	43.7%	32.5%	4.8%	6.7%	-58.9K	1.4M	-9.9K	0.83	110.06	24	20	1,329	997
2025-11-07	$50.66	$55.00	36.7%	9.1%	24.4%	44.6%	0.0%	3.2%	-2.6%	-32.3K	1.5M	-11.2K	0.33	109.85	6	2	1,310	995
2025-11-10	$51.50	$55.00	34.2%	8.3%	24.9%	39.7%	39.3%	-0.8%	5.0%	-5.5K	910.1K	-12.1K	14.00	113.10	1	14	1,313	952
2025-11-11	$53.20	$55.00	36.2%	8.6%	27.5%	43.5%	0.0%	9.1%	-1.9%	40.5K	118.3K	-13.0K	1.00	114.26	7	7	1,314	952
2025-11-12	$52.55	$55.00	32.7%	9.4%	27.6%	36.6%	24.6%	9.8%	-6.0%	53.6K	145.1K	-12.9K	0.53	105.58	19	10	1,328	959
2025-11-13	$52.09	$55.00	35.0%	10.0%	26.3%	41.3%	26.6%	12.7%	-3.4%	17.3K	644.7K	-11.9K	2.08	107.76	12	25	1,327	965
2025-11-14	$53.88	$55.00	29.9%	8.6%	27.8%	31.1%	27.4%	12.2%	-4.9%	70.8K	-160.2K	-12.1K	0.06	101.60	195	11	1,337	940
2025-11-17	$52.74	$55.00	29.6%	8.5%	28.4%	30.6%	29.1%	1.3%	-3.4%	49.9K	165.1K	-11.5K	5.50	105.62	2	11	1,364	933
2025-11-18	$52.22	$55.00	41.0%	11.7%	28.7%	53.1%	28.2%	14.6%	-14.9%	17.0K	620.1K	-10.7K	2.60	108.98	5	13	1,364	927
2025-11-19	$52.63	$55.00	26.8%	7.7%	27.7%	25.0%	25.9%	1.7%	2.4%	12.2K	501.9K	-9.4K	5.00	108.37	2	10	1,364	922
2025-11-20	$52.77	$55.00	26.3%	7.6%	27.6%	24.0%	29.1%	4.2%	3.0%	44.7K	248.0K	-10.7K	0.44	104.44	9	4	1,366	912
2025-11-21	$52.67	$55.00	20.8%	6.0%	25.7%	13.0%	27.4%	9.9%	2.1%	29.4K	162.4K	-10.2K	0.62	108.13	45	28	1,372	894
2025-11-24	$52.35	$55.00	29.7%	8.5%	24.9%	30.7%	23.3%	10.8%	-4.7%	4.3K	401.8K	-8.9K	0.12	101.24	52	6	1,219	854
2025-11-25	$52.81	$55.00	20.6%	5.9%	25.0%	12.6%	21.7%	6.3%	5.3%	-13.7K	382.9K	-7.8K	0.34	101.35	29	10	1,238	858
2025-11-26	$54.24	$55.00	20.6%	5.9%	26.8%	12.6%	20.5%	11.3%	2.4%	77.3K	-333.7K	-8.4K	0.05	105.78	38	2	1,255	852
2025-11-28	$54.73	$55.00	26.3%	7.5%	27.0%	23.9%	26.3%	9.2%	-1.5%	72.3K	-621.5K	-7.8K	0.12	102.42	17	2	1,263	852