EWP Options History — February 2018

In February 2018, EWP traded between $32.55 and $35.78. ATM implied volatility averaged 23.9%, placing in the 34.3% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 0.4% (HV 20d: 24.3%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.83.

Notable Days

  • 2018-02-15: Highest Volume — 1,579 contracts
  • 2018-02-05: Largest IV spike — 104.6% change
  • 2018-02-05: Highest IV Rank — 100.0%
  • 2018-02-06: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.50$32.55$35.78$35.78$32.89
Max Pain$34.00$33.00$35.00$35.00$33.00
ATM IV23.9%14.4%57.7%14.4%19.4%
Expected Move6.3%4.5%9.1%4.6%5.6%
HV 20d24.3%13.3%26.4%13.3%26.4%
HV 60d17.0%11.4%18.3%11.4%18.3%
IV Rank34.3%13.1%100.0%23.7%21.2%
IV Percentile87.6%31.0%100.0%31.0%86.1%
Term Structure-1.0%-6.8%1.9%-0.4%0.5%
VWIV19.8%16.1%25.1%16.1%19.0%
Skew 25d6.5%3.0%12.2%3.6%3.0%
Skew 10d13.5%3.7%26.0%9.1%11.5%
Call IV 25d19.3%10.7%31.5%14.9%18.3%
Put IV 25d25.8%18.5%43.7%18.5%21.4%
Bid-Ask Spread %67.1111.22104.2298.3267.59
Gamma HHI0.180.140.230.140.19
Net GEX87.4K10.5K153.5K24.7K147.6K
Net DEX-1.3M-5.0M286.4K-5.0M-476.2K
Net VEX-24.2K-27.7K-21.1K-25.4K-21.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.831.302.862.671.79
Total Volume1,280.3689661,5791,0251,414
Total OI5,520.1055,2196,0905,2275,589

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$35.78$35.0014.4%4.6%13.3%23.7%16.1%3.6%-0.4%24.7K-5.0M-25.4K2.6798.32N/AN/A2797462,9532,274
2018-02-02$34.72$35.0018.9%5.2%16.2%44.0%17.4%4.1%-0.4%10.5K-3.3M-26.5K2.8646.01N/AN/A2627502,9472,272
2018-02-05$33.35$35.0038.6%7.6%21.6%100.0%25.1%6.9%-3.0%53.7K-941.8K-26.2K2.69101.26N/AN/A2807522,9482,271
2018-02-06$34.14$35.0057.7%9.1%23.1%100.0%22.6%12.2%-6.8%61.5K-1.8M-27.7K2.14104.22N/AN/A3527552,9462,280
2018-02-07$33.50$34.0022.7%6.5%24.1%27.8%21.4%5.0%-1.6%39.1K-1.1M-25.7K1.5686.63N/AN/A3785883,0482,290
2018-02-08$32.55$34.0024.0%6.9%25.9%30.6%22.4%6.8%-2.2%73.8K244.9K-24.3K1.4199.48N/AN/A4245993,0882,308
2018-02-09$32.70$35.0026.1%7.5%25.5%34.8%20.3%9.3%-1.9%75.6K286.4K-25.1K1.6397.05N/AN/A4657593,1372,339
2018-02-12$33.17$35.0025.2%7.2%25.7%33.0%18.5%8.6%-1.1%54.7K-211.5K-25.3K1.7051.91N/AN/A5258923,1532,539
2018-02-13$32.94$35.0024.8%7.1%25.4%32.1%20.6%8.6%-2.5%96.6K-55.7K-25.1K1.8233.35N/AN/A5219493,2182,663
2018-02-14$33.40$35.0022.2%6.4%26.2%27.0%20.5%6.0%-1.1%59.9K-661.9K-24.3K1.5659.19N/AN/A5738933,2232,730
2018-02-15$33.52$34.0019.1%5.5%26.3%20.6%19.4%6.7%-0.3%25.9K-928.0K-24.2K1.3065.86N/AN/A6868933,2552,732
2018-02-16$33.53$33.0019.9%5.7%26.1%22.1%19.3%5.2%-1.1%127.5K-1.1M-24.0K1.3393.16N/AN/A6648823,3792,711
2018-02-20$33.42$33.0021.8%6.2%25.4%26.0%21.3%6.9%-0.5%125.1K-1.7M-23.5K1.7659.12N/AN/A4738313,0502,256
2018-02-21$32.96$33.0021.1%6.0%25.6%24.5%18.9%5.1%-1.5%127.0K-1.1M-22.5K1.7740.93N/AN/A4738393,0602,299
2018-02-22$33.34$33.0021.5%6.2%26.0%25.4%20.2%6.1%-1.6%127.5K-1.4M-23.1K1.7142.21N/AN/A4748093,0602,299
2018-02-23$33.47$33.0018.9%5.4%26.0%20.0%17.6%3.8%1.9%131.5K-1.3M-22.2K1.4911.22N/AN/A5428093,0592,383
2018-02-26$33.76$33.0015.5%4.5%26.2%13.1%16.5%8.7%1.9%153.5K-1.9M-22.3K1.7715.36N/AN/A5058953,1292,383
2018-02-27$33.27$33.0021.6%6.2%26.4%25.7%19.8%7.5%1.9%145.5K-1.4M-22.0K1.79102.23N/AN/A5018953,1402,471
2018-02-28$32.89$33.0019.4%5.6%26.4%21.2%19.0%3.0%0.5%147.6K-476.2K-21.1K1.7967.59N/AN/A5079073,1412,448