CQP Options History — January 2026

In January 2026, CQP traded between $53.17 and $56.86. ATM implied volatility averaged 27.8%, placing in the 27.0% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 10.1% (HV 20d: 17.8%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 3.53.

Notable Days

2026-01-14: Highest Volume — 131 contracts
2026-01-14: Largest IV drop — 44.0% change
2026-01-13: Highest IV Rank — 63.5%
2026-01-20: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$55.36	$53.17	$56.86	$53.85	$56.50
Max Pain	$52.75	$50.00	$55.00	$55.00	$55.00
ATM IV	27.8%	17.4%	46.2%	28.2%	29.8%
Expected Move	6.9%	4.9%	8.6%	8.1%	8.5%
HV 20d	17.8%	15.0%	20.0%	20.0%	15.1%
HV 60d	22.1%	20.1%	23.3%	23.3%	20.1%
IV Rank	27.0%	6.4%	63.5%	27.7%	30.9%
IV Percentile	46.9%	0.8%	97.2%	57.1%	66.3%
Term Structure	-1.1%	-12.2%	9.0%	-3.9%	0.3%
VWIV	30.9%	17.8%	64.9%	26.1%	31.7%
Skew 25d	7.6%	-12.5%	43.3%	-1.5%	-2.3%
Skew 10d	22.3%	-9.0%	75.5%	-9.0%	6.8%
Call IV 25d	24.0%	15.0%	35.4%	28.1%	35.4%
Put IV 25d	31.6%	20.1%	60.4%	26.6%	33.1%
Bid-Ask Spread %	108.80	88.92	120.52	102.85	105.35
Gamma HHI	0.35	0.27	0.47	0.31	0.34
Net GEX	39.7K	5.9K	126.9K	34.2K	21.4K
Net DEX	-366.1K	-1.2M	94.7K	13.5K	-277.8K
Net VEX	-7.6K	-8.4K	-6.9K	-7.5K	-8.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.53	0.03	23.50	0.67	23.50
Total Volume	39.7	2	131	5	49
Total OI	1,185.15	1,081	1,305	1,081	1,290

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
2026-01-02	$53.85	$55.00	28.2%	8.1%	20.0%	27.7%	26.1%	-1.5%	-3.9%	34.2K	13.5K	-7.5K	0.67	102.85	3	2	575	506
2026-01-05	$53.97	$50.00	31.6%	6.9%	18.8%	34.5%	0.0%	3.4%	-1.3%	30.0K	-7.5K	-6.9K	0.04	114.00	101	4	575	506
2026-01-06	$53.23	$50.00	31.8%	6.6%	19.0%	34.9%	0.0%	-1.3%	2.8%	50.4K	-153.0K	-8.4K	1.00	113.38	1	1	668	508
2026-01-07	$53.17	$50.00	32.5%	7.0%	17.9%	36.2%	0.0%	2.1%	1.0%	30.3K	94.7K	-7.6K	3.00	111.13	1	3	662	508
2026-01-08	$54.09	$50.00	25.4%	7.3%	18.7%	22.2%	27.1%	-0.3%	6.6%	53.8K	-140.3K	-7.9K	0.44	117.00	9	4	662	511
2026-01-09	$53.50	$50.00	30.7%	7.5%	18.8%	32.6%	27.1%	8.6%	-2.5%	34.1K	-91.5K	-7.8K	3.17	111.78	6	19	656	511
2026-01-12	$53.73	$50.00	40.0%	6.4%	18.9%	51.1%	31.9%	5.2%	2.0%	28.5K	-133.4K	-7.9K	3.00	116.20	1	3	659	530
2026-01-13	$54.65	$50.00	46.2%	4.9%	18.3%	63.5%	64.9%	43.3%	3.7%	94.9K	-234.0K	-7.2K	0.03	120.52	32	1	659	532
2026-01-14	$55.80	$50.00	25.9%	7.4%	19.4%	23.2%	26.1%	-0.5%	-1.3%	103.8K	-905.4K	-7.7K	0.16	104.83	113	18	674	531
2026-01-15	$55.52	$50.00	26.0%	7.4%	18.5%	23.3%	25.4%	7.3%	-1.3%	126.9K	-744.0K	-7.6K	0.97	110.66	35	34	716	543
2026-01-16	$56.40	$55.00	23.2%	6.7%	18.2%	17.9%	23.2%	27.2%	2.6%	6.8K	-1.2M	-6.9K	0.87	88.92	30	26	738	567
2026-01-20	$56.30	$55.00	30.0%	8.6%	17.9%	31.3%	17.8%	17.2%	-2.1%	5.9K	-302.6K	-7.7K	0.17	108.90	41	7	555	541
2026-01-21	$56.73	$55.00	19.5%	5.6%	18.0%	10.5%	22.0%	12.3%	0.8%	23.6K	-449.1K	-7.3K	0.21	107.59	43	9	580	542
2026-01-22	$56.56	$55.00	20.8%	6.0%	17.9%	13.0%	0.0%	8.2%	-2.2%	29.1K	-455.5K	-7.7K	0.30	112.13	20	6	618	547
2026-01-23	$56.38	$55.00	21.7%	6.2%	17.4%	14.8%	40.0%	7.0%	-9.9%	24.5K	-414.9K	-7.7K	0.50	115.09	2	1	632	553
2026-01-26	$56.53	$55.00	26.0%	7.4%	17.3%	23.3%	25.2%	33.4%	-12.2%	19.1K	-391.5K	-6.9K	7.00	98.54	1	7	634	554
2026-01-27	$56.63	$55.00	26.5%	7.6%	15.1%	24.4%	29.0%	-1.2%	-5.3%	29.2K	-488.0K	-7.7K	0.88	101.44	32	28	634	550
2026-01-28	$56.86	$55.00	17.4%	5.0%	15.0%	6.4%	40.8%	-3.4%	9.0%	24.5K	-558.9K	-7.3K	2.00	109.64	2	4	658	574
2026-01-29	$56.73	$55.00	23.5%	6.7%	15.0%	18.4%	36.1%	-12.5%	-9.6%	22.8K	-525.8K	-7.6K	22.75	106.07	4	91	660	584
2026-01-30	$56.50	$55.00	29.8%	8.5%	15.1%	30.9%	31.7%	-2.3%	0.3%	21.4K	-277.8K	-8.2K	23.50	105.35	2	47	659	631