EWP Options History — May 2009

In May 2009, EWP traded between $34.96 and $39.86. ATM implied volatility averaged 64.1%, placing in the 37.1% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 26.9% (HV 20d: 37.2%). Max pain ranged from $31.00 to $34.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days.

Notable Days

  • 2009-05-26: Highest Volume — 1 contracts
  • 2009-05-11: Largest IV drop — 68.2% change
  • 2009-05-08: Highest IV Rank — 70.9%
  • 2009-05-01: Largest Expected Move — 24.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.34$34.96$39.86$34.96$39.86
Max Pain$33.85$31.00$34.00$31.00$34.00
ATM IV64.1%29.2%110.5%87.0%63.5%
Expected Move15.1%10.8%24.9%24.9%18.2%
HV 20d37.2%33.6%41.8%34.4%35.8%
HV 60d47.5%44.4%49.5%48.9%44.4%
IV Rank37.1%11.7%70.9%53.8%36.7%
IV Percentile65.5%34.9%97.6%93.7%71.4%
Term Structure-11.5%-39.5%9.2%-39.5%-20.2%
Skew 25d36.7%15.5%51.4%34.6%28.9%
Skew 10d51.4%15.5%84.9%69.0%51.0%
Call IV 25d50.8%26.6%99.9%87.4%57.8%
Put IV 25d87.5%66.8%142.0%122.0%86.7%
Bid-Ask Spread %179.93166.53190.51169.81166.53
Gamma HHI0.550.510.710.530.51
Net GEX6.9K4.5K13.8K7.1K4.5K
Net DEX-241.9K-319.7K-195.0K-195.8K-248.7K
Net VEX-325-489-200-489-200
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.10100
Total OI96.257411411476

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-05-01$34.96$31.0087.0%24.9%34.4%53.8%0.0%34.6%-39.5%7.1K-195.8K-4890.00169.81N/AN/A0010410
2009-05-04$36.02$34.0095.5%13.8%35.0%60.0%0.0%46.1%-5.0%7.2K-228.4K-4600.00184.02N/AN/A0010410
2009-05-05$35.89$34.0098.8%13.9%34.1%62.4%0.0%38.7%-12.4%7.1K-224.1K-4510.00188.02N/AN/A0010410
2009-05-06$36.65$34.00102.3%13.8%33.6%65.0%0.0%46.5%-8.2%7.0K-247.5K-4350.00180.31N/AN/A0010410
2009-05-07$36.28$34.00108.6%14.1%33.8%69.5%0.0%15.5%-11.2%7.1K-236.3K-4320.00187.84N/AN/A0010410
2009-05-08$38.07$34.00110.5%13.7%35.5%70.9%0.0%24.4%-5.1%6.5K-290.3K-3880.00170.10N/AN/A0010410
2009-05-11$37.12$34.0035.2%14.4%37.0%16.1%0.0%40.1%-15.1%8.1K-297.7K-3380.00183.71N/AN/A0010410
2009-05-12$37.74$34.0029.2%10.8%36.9%11.7%0.0%42.3%8.6%5.8K-319.7K-3090.00178.46N/AN/A0010410
2009-05-13$36.05$34.0033.0%15.2%41.0%14.5%0.0%36.1%-19.4%10.8K-265.7K-3500.00190.19N/AN/A0010410
2009-05-14$36.40$34.0053.5%15.3%41.0%29.4%0.0%39.6%-19.6%8.4K-283.3K-3250.00188.05N/AN/A0010410
2009-05-15$35.67$34.0054.8%15.7%41.8%30.3%0.0%33.6%-20.5%13.8K-261.4K-3320.00190.51N/AN/A0010410
2009-05-18$37.22$34.0055.2%15.8%39.4%30.7%0.0%44.1%-18.8%6.0K-195.0K-2970.00185.74N/AN/A00740
2009-05-19$37.75$34.0041.4%11.9%39.4%20.6%0.0%46.5%7.7%5.8K-207.5K-2740.00181.24N/AN/A00740
2009-05-20$37.75$34.0042.1%12.1%39.5%21.1%0.0%47.2%6.7%5.8K-207.5K-2700.00180.90N/AN/A00740
2009-05-21$38.00$34.0042.7%12.2%38.6%21.5%0.0%48.9%8.1%5.8K-213.2K-2590.00178.14N/AN/A00740
2009-05-22$38.38$34.0043.1%12.4%38.7%21.8%0.0%51.4%9.2%5.6K-221.4K-2400.00174.40N/AN/A00740
2009-05-26$39.15$34.0060.3%17.3%36.0%34.3%0.0%23.8%-23.8%5.1K-236.0K-2100.00171.69N/AN/A01740
2009-05-27$38.58$34.0061.9%17.7%36.8%35.5%0.0%21.2%-28.2%5.4K-222.7K-2330.00177.73N/AN/A01741
2009-05-28$39.25$34.0062.7%18.0%35.7%36.1%0.0%25.2%-24.0%4.9K-236.5K-2170.00171.26N/AN/A00742
2009-05-29$39.86$34.0063.5%18.2%35.8%36.7%0.0%28.9%-20.2%4.5K-248.7K-2000.00166.53N/AN/A00742