EWP Options History — February 2009

In February 2009, EWP traded between $27.01 and $32.49. ATM implied volatility averaged 55.3%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 2.0% (HV 20d: 53.3%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 9 of 19 days.

Notable Days

  • 2009-02-23: Highest Volume — 10 contracts
  • 2009-02-05: Largest IV spike — 140.1% change
  • 2009-02-05: Highest IV Rank — 70.6%
  • 2009-02-05: Largest Expected Move — 31.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.85$27.01$32.49$30.81$27.71
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV55.3%41.6%110.0%46.1%60.0%
Expected Move15.6%12.2%31.5%13.2%17.2%
HV 20d53.3%44.5%61.6%54.8%44.5%
HV 60d56.9%50.1%64.0%64.0%50.1%
IV Rank30.7%20.7%70.6%24.0%34.1%
IV Percentile77.1%63.9%98.4%71.0%85.3%
Term Structure-2.6%-59.0%8.9%5.8%-10.0%
VWIV58.1%55.6%60.7%60.7%55.6%
Skew 25d2.9%-31.0%82.3%5.1%-22.2%
Skew 10d-6.2%-49.2%72.5%18.1%-38.2%
Call IV 25d52.5%30.2%87.8%42.7%80.4%
Put IV 25d55.4%44.3%114.1%47.7%58.2%
Bid-Ask Spread %116.6485.67145.56117.53129.63
Gamma HHI0.560.310.690.520.69
Net GEX646-5382.1K1.0K-521
Net DEX91.0K9.8K123.8K115.3K24.8K
Net VEX-43-145-8-55-49
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.63201000
Total OI63.89510828020

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$30.81$40.0046.1%13.2%54.8%24.0%0.0%5.1%5.8%1.0K115.3K-550.00117.53N/AN/A003842
2009-02-03$31.80$40.0044.4%12.7%56.8%22.8%0.0%5.8%6.4%1.3K115.4K-610.0085.73N/AN/A003842
2009-02-04$31.34$40.0045.8%13.1%56.6%23.8%0.0%4.2%5.5%1.3K116.4K-540.0085.67N/AN/A003842
2009-02-05$31.58$40.00110.0%31.5%56.9%70.6%0.0%82.3%-59.0%-9581.3K-1450.00145.56N/AN/A003842
2009-02-06$32.20$40.0042.7%12.2%57.5%21.5%0.0%7.9%8.6%1.8K116.5K-530.00132.24N/AN/A003842
2009-02-09$32.49$40.0043.2%12.4%56.4%21.9%0.0%9.1%7.8%2.1K116.8K-480.0095.77N/AN/A003842
2009-02-10$31.02$40.0044.8%12.8%57.9%23.1%0.0%-2.7%3.3%1.5K119.9K-350.0087.60N/AN/A003842
2009-02-11$31.23$40.0044.7%12.8%57.7%23.0%0.0%15.9%8.6%1.7K120.5K-330.0098.24N/AN/A003842
2009-02-12$31.20$40.0044.0%12.6%55.6%22.5%0.0%13.2%4.8%1.6K120.8K-330.00105.13N/AN/A003842
2009-02-13$30.89$40.0043.9%12.6%55.4%22.4%0.0%7.0%8.9%1.4K122.2K-260.00103.29N/AN/A003842
2009-02-17$28.50$40.0068.1%17.1%61.6%40.1%0.0%-18.6%0.0%672115.0K-190.00125.04N/AN/A003842
2009-02-18$28.51$40.0041.6%15.8%50.9%20.7%60.7%5.7%0.0%15118.7K-90.00128.50N/AN/A023842
2009-02-19$28.48$40.0052.1%15.9%46.8%28.4%0.0%14.1%0.0%-31123.8K-110.00131.35N/AN/A003844
2009-02-20$28.18$40.0081.5%16.0%46.0%49.8%0.0%-31.0%0.0%3119.6K-260.00127.58N/AN/A003844
2009-02-23$27.01$40.0060.2%17.2%47.9%34.2%55.6%-25.5%-12.1%-279.8K-80.00126.94N/AN/A01064
2009-02-24$28.31$40.0060.2%17.3%51.0%34.3%0.0%8.6%-2.7%-49023.4K-560.00130.89N/AN/A00614
2009-02-25$27.73$40.0058.8%16.9%50.8%33.3%0.0%-18.1%-8.1%-51324.7K-510.00128.80N/AN/A00614
2009-02-26$28.09$40.0059.0%16.9%48.0%33.4%0.0%-5.9%-6.3%-53824.4K-510.00130.76N/AN/A00614
2009-02-27$27.71$40.0060.0%17.2%44.5%34.1%0.0%-22.2%-10.0%-52124.8K-490.00129.63N/AN/A00614