CQP Options History — December 2025

In December 2025, CQP traded between $52.57 and $56.16. ATM implied volatility averaged 27.3%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 5.0% (HV 20d: 22.3%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 3.38.

Notable Days

  • 2025-12-09: Highest Volume — 150 contracts
  • 2025-12-09: Largest IV spike — 53.1% change
  • 2025-12-09: Highest IV Rank — 63.1%
  • 2025-12-01: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.97$52.57$56.16$55.15$53.23
Max Pain$51.36$45.00$55.00$55.00$55.00
ATM IV27.3%18.1%46.0%33.3%26.9%
Expected Move7.4%5.2%9.6%9.6%7.7%
HV 20d22.3%19.6%25.7%24.3%19.6%
HV 60d23.2%22.9%23.5%22.9%23.1%
IV Rank25.9%7.7%63.1%37.9%25.2%
IV Percentile48.1%2.0%97.2%85.7%50.8%
Term Structure1.8%-7.8%13.3%-5.6%5.1%
VWIV25.1%17.0%35.2%33.3%22.0%
Skew 25d4.6%-4.7%50.9%5.5%3.7%
Skew 10d5.9%-15.5%75.5%8.4%-5.4%
Call IV 25d24.4%17.1%30.9%21.2%24.1%
Put IV 25d29.0%21.4%72.7%26.8%27.8%
Bid-Ask Spread %107.8599.72119.63105.73103.79
Gamma HHI0.370.270.560.320.32
Net GEX76.7K-14.6K196.0K116.6K31.9K
Net DEX-355.6K-1.6M392.7K-928.0K93.3K
Net VEX-7.7K-10.0K-6.5K-8.0K-7.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.380.0049.000.482.00
Total Volume48.2272150316
Total OI1,799.7279192,2342,1251,082

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$55.15$55.0033.3%9.6%24.3%37.9%33.3%5.5%-5.6%116.6K-928.0K-8.0K0.48105.7321101,273852
2025-12-02$54.45$55.0024.1%6.9%24.9%19.7%24.3%3.5%-0.9%108.8K-597.6K-8.3K0.30104.711031,276845
2025-12-03$54.80$55.0029.0%8.3%24.9%29.3%27.2%50.9%-2.6%132.9K-734.7K-8.2K0.11105.783541,288848
2025-12-04$55.79$45.0025.7%7.6%24.7%22.8%24.9%3.1%1.6%188.7K-1.3M-7.8K0.58104.1119111,303844
2025-12-05$56.16$45.0032.1%6.5%24.2%35.6%19.2%4.0%9.7%196.0K-1.6M-8.6K0.06118.193321,308837
2025-12-08$55.09$45.0030.0%6.6%25.4%31.4%23.0%-2.4%3.6%150.7K-1.0M-8.7K0.11105.627381,315839
2025-12-09$54.40$50.0046.0%7.9%25.7%63.1%27.4%8.8%2.5%126.5K-977.7K-10.0K49.00111.4431471,348838
2025-12-10$53.95$50.0027.7%7.9%23.4%26.7%26.9%-4.7%-5.6%120.1K-369.5K-7.3K0.18119.634991,351768
2025-12-11$54.02$50.0023.6%6.8%22.9%18.6%0.0%5.0%3.0%124.1K-429.1K-7.3K0.01117.2510011,373776
2025-12-12$52.95$50.0024.4%7.0%23.9%20.3%29.0%10.0%7.6%84.5K-305.4K-7.8K0.73108.471181,373777
2025-12-15$53.39$50.0025.7%7.4%20.7%22.8%23.8%8.5%-5.3%83.3K-197.9K-6.6K3.60105.6920721,367781
2025-12-16$52.57$50.0031.3%9.0%20.0%33.9%0.0%1.5%-7.8%19.2K86.0K-6.5K11.86110.107831,366789
2025-12-17$53.58$50.0029.4%8.4%20.7%30.2%29.8%-1.2%-5.9%57.8K-243.7K-7.1K0.00103.63601,370860
2025-12-18$53.23$50.0018.1%5.2%20.8%7.8%17.0%3.2%6.5%69.9K-29.3K-7.4K1.63100.108131,374860
2025-12-19$53.32$50.0022.2%6.4%20.8%15.8%20.1%-3.5%1.3%-9.6K92.1K-6.7K2.31105.5516371,378843
2025-12-22$53.06$50.0018.1%5.2%20.8%7.7%19.8%1.0%4.7%-14.6K392.7K-7.0K0.1499.729313419500
2025-12-23$53.89$55.0026.4%7.6%21.4%24.1%25.8%-4.4%-2.6%1.6K126.4K-7.2K0.00103.91210493510
2025-12-24$54.28$55.0024.6%7.0%21.3%20.6%35.2%3.9%11.9%20.9K-14.7K-7.9K0.00110.3820505510
2025-12-26$53.16$55.0024.2%6.9%20.5%19.9%22.1%0.6%13.3%15.7K142.6K-7.6K0.33108.913311507510
2025-12-29$53.52$55.0028.4%8.1%20.3%28.1%29.4%1.6%2.7%28.8K17.6K-7.7K0.14108.86446540511
2025-12-30$53.40$55.0028.9%8.3%20.1%29.2%22.7%2.0%3.0%32.9K12.6K-7.6K0.86111.2176572515
2025-12-31$53.23$55.0026.9%7.7%19.6%25.2%22.0%3.7%5.1%31.9K93.3K-7.6K2.00103.7924573509