EWP Options History — August 2012

In August 2012, EWP traded between $21.59 and $26.11. ATM implied volatility averaged 38.7%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 13.0% (HV 20d: 51.7%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 2.74.

Notable Days

  • 2012-08-06: Highest Volume — 12,529 contracts
  • 2012-08-16: Largest IV drop — 12.4% change
  • 2012-08-01: Highest IV Rank — 40.7%
  • 2012-08-01: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.84$21.59$26.11$22.88$26.11
Max Pain$23.39$22.00$24.00$22.00$24.00
ATM IV38.7%35.0%44.2%44.2%36.6%
Expected Move11.1%10.0%12.7%12.7%10.5%
HV 20d51.7%30.2%61.1%51.7%30.2%
HV 60d48.8%46.3%49.9%46.3%47.9%
IV Rank31.0%24.5%40.7%40.7%27.4%
IV Percentile43.4%30.2%58.3%58.3%37.3%
Term Structure1.2%-2.9%3.4%-2.9%1.0%
VWIV40.3%34.9%47.1%42.8%34.9%
Skew 25d9.0%5.2%18.5%7.8%9.3%
Skew 10d15.7%-7.0%41.0%34.7%-7.0%
Call IV 25d35.5%31.2%43.0%40.5%34.5%
Put IV 25d44.6%40.0%53.7%48.4%43.8%
Bid-Ask Spread %57.9944.6969.9860.6869.98
Gamma HHI0.220.170.260.190.21
Net GEX292.8K-48.7K692.3K-4.0K136.8K
Net DEX-11.1M-29.7M12.6M5.5M-11.7M
Net VEX-125.0K-143.4K-69.2K-80.4K-141.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.740.109.271.150.93
Total Volume1,546.47816212,529640445
Total OI37,158.47828,71243,18228,98237,591

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-08-01$22.88$22.0044.2%12.7%51.7%40.7%42.8%7.8%-2.9%-4.0K5.5M-80.4K1.1560.68N/AN/A29734311,33717,645
2012-08-02$21.59$22.0043.1%12.4%52.7%38.9%45.7%10.7%0.7%-48.7K12.6M-69.2K8.6258.25N/AN/A2191,88711,58017,317
2012-08-03$23.19$22.0042.6%12.2%58.0%38.0%47.1%18.5%0.6%95.8K2.3M-75.7K1.9869.73N/AN/A45990911,65417,058
2012-08-06$24.13$22.0041.4%11.5%59.6%35.8%44.3%7.5%1.4%117.9K-4.7M-76.3K0.1147.89N/AN/A11,2711,25811,98017,133
2012-08-07$24.72$22.0038.6%10.5%59.8%30.9%38.9%7.9%1.1%678.9K-20.8M-136.7K0.1052.47N/AN/A3,25034023,55917,701
2012-08-08$24.52$22.0037.8%11.2%59.7%29.3%41.2%8.6%-2.2%608.7K-16.6M-135.3K1.9945.98N/AN/A30260223,75317,913
2012-08-09$24.22$23.0038.5%11.6%59.2%30.6%46.9%7.8%0.5%624.3K-14.3M-135.0K5.2048.24N/AN/A7438523,75818,385
2012-08-10$24.16$23.0037.5%11.3%59.2%28.9%40.9%6.0%0.5%648.4K-13.4M-131.2K1.2944.69N/AN/A35545823,76818,742
2012-08-13$24.19$24.0041.5%11.5%58.7%36.1%39.3%7.5%0.5%649.9K-14.2M-130.9K0.3756.66N/AN/A34312823,86819,038
2012-08-14$24.30$24.0041.8%11.3%58.7%36.4%40.3%5.2%2.1%678.9K-16.7M-129.7K6.8354.05N/AN/A3020524,10119,081
2012-08-15$24.38$24.0040.0%11.2%58.7%33.3%40.9%5.3%2.3%692.3K-17.6M-127.1K4.5158.06N/AN/A11752824,01819,104
2012-08-16$25.67$24.0035.0%10.0%61.1%24.5%38.9%6.9%2.1%349.0K-29.7M-128.2K1.8557.54N/AN/A8011,48124,06818,692
2012-08-17$26.03$24.0035.4%10.2%54.1%25.2%36.5%7.9%3.4%173.5K-29.4M-132.0K1.1555.47N/AN/A1,3411,54022,96219,195
2012-08-20$25.86$24.0035.3%10.1%53.6%24.9%36.3%7.0%1.9%151.4K-11.3M-130.5K0.4258.56N/AN/A84035216,91916,647
2012-08-21$26.03$24.0035.7%10.2%50.0%25.7%35.3%9.1%2.6%199.1K-12.8M-136.9K0.8861.96N/AN/A27223917,49116,920
2012-08-22$25.85$24.0036.4%10.4%50.5%27.0%38.8%9.8%2.5%172.8K-11.1M-134.4K2.0262.94N/AN/A9719617,60417,048
2012-08-23$25.46$24.0039.9%11.4%46.7%33.1%39.1%9.3%2.1%169.4K-8.9M-134.7K3.1852.45N/AN/A19261117,68117,130
2012-08-24$25.63$24.0036.5%10.5%42.6%27.1%42.8%12.2%2.7%178.7K-9.2M-141.7K9.2760.92N/AN/A1241,14917,66717,639
2012-08-27$25.78$24.0037.3%10.7%42.6%28.6%39.7%9.4%-0.7%134.2K-9.7M-143.4K0.4565.72N/AN/A27012217,67118,715
2012-08-28$25.83$24.0037.5%10.8%42.3%28.9%40.6%11.8%2.8%120.1K-9.5M-139.9K0.7163.66N/AN/A956717,69418,810
2012-08-29$25.71$24.0037.5%10.8%42.4%29.0%35.8%12.4%1.3%122.8K-8.7M-141.5K4.9966.97N/AN/A2161,07717,77418,861
2012-08-30$25.16$24.0040.2%11.5%36.7%33.7%40.3%10.0%1.0%85.2K-5.3M-143.4K5.0060.83N/AN/A4723517,97519,398
2012-08-31$26.11$24.0036.6%10.5%30.2%27.4%34.9%9.3%1.0%136.8K-11.7M-141.6K0.9369.98N/AN/A23021518,01419,577