CQP Options History — February 2026

In February 2026, CQP traded between $56.08 and $60.98. ATM implied volatility averaged 27.1%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 11.5% (HV 20d: 15.6%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.84.

Notable Days

2026-02-26: Highest Volume — 120 contracts
2026-02-11: Largest IV drop — 33.6% change
2026-02-10: Highest IV Rank — 39.0%
2026-02-13: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.56	$56.08	$60.98	$56.08	$60.92
Max Pain	$55.00	$55.00	$55.00	$55.00	$55.00
ATM IV	27.1%	19.6%	33.9%	28.6%	19.6%
Expected Move	7.4%	5.6%	8.9%	8.2%	5.6%
HV 20d	15.6%	13.6%	18.0%	15.1%	18.0%
HV 60d	18.7%	17.1%	20.3%	20.2%	17.9%
IV Rank	25.6%	10.7%	39.0%	28.6%	10.7%
IV Percentile	44.5%	3.2%	84.9%	57.1%	3.2%
Term Structure	1.4%	-9.7%	7.7%	-4.3%	5.4%
VWIV	27.5%	20.7%	37.7%	27.8%	21.3%
Skew 25d	5.3%	-1.9%	28.9%	13.8%	-1.9%
Skew 10d	27.0%	-0.0%	92.9%	18.0%	-0.0%
Call IV 25d	22.1%	17.3%	27.6%	19.0%	21.3%
Put IV 25d	27.4%	19.4%	46.2%	32.8%	19.4%
Bid-Ask Spread %	101.01	87.62	112.48	104.32	107.27
Gamma HHI	0.47	0.30	0.65	0.32	0.48
Net GEX	91.3K	11.8K	170.3K	17.3K	144.3K
Net DEX	-1.1M	-2.0M	-174.3K	-174.3K	-2.0M
Net VEX	-8.3K	-9.7K	-6.9K	-7.8K	-9.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.84	0.00	7.00	0.50	0.00
Total Volume	41.158	2	120	21	12
Total OI	1,400.947	1,310	1,510	1,310	1,459

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
2026-02-02	$56.08	$55.00	28.6%	8.2%	15.1%	28.6%	27.8%	13.8%	-4.3%	17.3K	-174.3K	-7.8K	0.50	104.32	14	7	659	651
2026-02-03	$56.58	$55.00	27.4%	7.8%	15.3%	26.1%	37.5%	28.9%	-9.7%	11.8K	-313.6K	-7.5K	0.18	105.24	49	9	668	657
2026-02-04	$57.79	$55.00	25.8%	7.4%	15.5%	22.9%	20.7%	10.5%	7.7%	50.9K	-776.7K	-7.3K	0.06	99.65	32	2	714	657
2026-02-05	$57.25	$55.00	27.5%	7.9%	16.1%	26.3%	37.7%	10.2%	2.0%	41.3K	-667.8K	-8.4K	0.00	100.52	0	2	723	657
2026-02-06	$57.75	$55.00	27.3%	6.4%	15.4%	26.0%	22.6%	-1.9%	4.2%	82.9K	-755.2K	-6.9K	0.17	104.15	6	1	723	657
2026-02-09	$56.95	$55.00	32.7%	6.6%	15.8%	36.7%	29.1%	3.9%	5.6%	50.7K	-414.3K	-7.7K	0.89	101.22	18	16	690	657
2026-02-10	$57.33	$55.00	33.9%	6.1%	15.9%	39.0%	23.0%	5.0%	2.0%	46.0K	-573.0K	-7.6K	0.75	105.55	4	3	705	653
2026-02-11	$57.83	$55.00	22.5%	6.4%	15.2%	16.4%	34.2%	-0.5%	2.6%	75.9K	-646.2K	-7.4K	1.20	103.67	5	6	710	655
2026-02-12	$57.76	$55.00	24.0%	6.9%	13.6%	19.3%	22.1%	-0.1%	3.8%	74.9K	-935.3K	-8.3K	0.01	99.27	115	1	716	659
2026-02-13	$59.32	$55.00	31.1%	8.9%	16.0%	33.4%	26.4%	2.6%	-3.6%	93.4K	-1.3M	-8.9K	0.22	99.95	32	7	766	659
2026-02-17	$59.24	$55.00	30.9%	8.9%	15.4%	33.1%	32.2%	5.3%	-3.6%	100.2K	-1.4M	-8.8K	7.00	97.55	7	49	775	666
2026-02-18	$59.08	$55.00	24.8%	7.1%	15.4%	20.9%	25.5%	6.8%	-0.9%	140.7K	-1.3M	-7.9K	0.31	101.43	36	11	782	657
2026-02-19	$59.55	$55.00	28.3%	8.1%	15.4%	28.0%	29.0%	11.6%	-3.1%	136.7K	-1.4M	-8.3K	0.23	92.50	52	12	814	661
2026-02-20	$59.67	$55.00	25.7%	7.4%	15.3%	22.9%	25.5%	-0.7%	-0.1%	170.3K	-1.5M	-8.8K	0.70	112.48	30	21	853	657
2026-02-23	$59.62	$55.00	23.4%	6.7%	15.2%	18.3%	24.4%	5.3%	7.5%	130.5K	-1.5M	-9.0K	0.40	87.62	52	21	806	567
2026-02-24	$59.62	$55.00	26.9%	7.7%	15.2%	25.2%	31.1%	0.6%	6.0%	108.6K	-1.4M	-9.0K	0.60	94.10	5	3	841	585
2026-02-25	$59.29	$55.00	26.5%	7.6%	15.5%	24.5%	26.3%	1.4%	0.3%	125.7K	-1.3M	-9.2K	1.75	102.55	8	14	843	588
2026-02-26	$60.98	$55.00	28.0%	8.0%	18.0%	27.4%	26.9%	0.9%	4.0%	132.1K	-1.9M	-9.4K	0.15	100.17	104	16	841	587
2026-02-27	$60.92	$55.00	19.6%	5.6%	18.0%	10.7%	21.3%	-1.9%	5.4%	144.3K	-2.0M	-9.7K	0.00	107.27	12	0	856	603