EWP Options History — April 2018

In April 2018, EWP traded between $32.10 and $33.77. ATM implied volatility averaged 16.3%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 1.0% (HV 20d: 15.3%). Max pain ranged from $27.00 to $31.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 3.91.

Notable Days

  • 2018-04-20: Highest Volume — 1,931 contracts
  • 2018-04-17: Largest IV drop — 15.9% change
  • 2018-04-02: Highest IV Rank — 28.0%
  • 2018-04-02: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.12$32.10$33.77$32.10$33.28
Max Pain$29.14$27.00$31.00$30.00$31.00
ATM IV16.3%12.8%22.7%22.7%13.8%
Expected Move4.7%3.7%6.5%6.5%4.0%
HV 20d15.3%9.4%17.4%16.2%9.4%
HV 60d19.1%18.8%19.8%19.8%18.8%
IV Rank14.7%7.6%28.0%28.0%9.6%
IV Percentile51.4%4.4%94.4%94.4%24.2%
Term Structure0.8%-1.2%5.8%-1.2%0.5%
VWIV14.4%11.1%20.0%20.0%13.0%
Skew 25d4.6%-0.4%8.0%3.7%-0.4%
Skew 10d6.2%-4.3%15.5%6.5%0.2%
Call IV 25d13.5%7.1%21.3%21.3%11.5%
Put IV 25d18.1%11.1%25.1%25.1%11.1%
Bid-Ask Spread %44.8011.96106.4924.7321.98
Gamma HHI0.210.160.290.190.29
Net GEX41.2K-32.3K84.2K72.9K83.7K
Net DEX1.5M-737.0K3.7M2.0M3.7M
Net VEX-12.6K-15.3K-8.9K-15.3K-8.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.912.635.233.354.75
Total Volume1,677.7621,4311,9311,6211,431
Total OI5,700.2384,0926,4196,0904,145

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$32.10$30.0022.7%6.5%16.2%28.0%20.0%3.7%-1.2%72.9K2.0M-15.3K3.3524.73N/AN/A3731,2482,9003,190
2018-04-03$32.25$30.0020.3%5.8%16.3%23.0%18.5%7.1%0.3%65.8K2.0M-14.7K3.7221.42N/AN/A3711,3802,9183,249
2018-04-04$32.30$30.0019.9%5.7%16.2%22.2%15.7%5.4%-0.5%48.3K1.9M-14.2K3.6318.08N/AN/A3751,3622,9183,399
2018-04-05$32.65$27.0017.2%4.9%16.7%16.5%16.1%5.1%0.5%39.7K1.4M-13.8K3.6626.64N/AN/A3731,3672,9193,408
2018-04-06$32.52$27.0019.0%5.5%16.7%20.3%16.2%5.2%-0.5%49.5K1.4M-14.9K3.6370.76N/AN/A3771,3672,9193,418
2018-04-09$32.97$27.0018.6%5.3%17.3%19.3%16.9%4.5%-0.5%17.6K659.3K-14.8K3.5915.76N/AN/A3821,3712,9263,421
2018-04-10$33.19$27.0019.1%5.3%17.4%20.4%16.3%4.6%0.1%9.0K335.5K-14.5K3.7740.35N/AN/A3641,3712,9273,421
2018-04-11$33.14$27.0018.3%5.2%17.4%18.8%16.7%4.1%0.1%7.0K388.9K-14.1K3.7983.49N/AN/A3641,3782,9293,421
2018-04-12$33.14$27.0016.1%4.6%17.4%14.4%14.8%4.2%1.2%9.6K517.5K-12.8K3.5524.10N/AN/A3841,3642,9293,421
2018-04-13$33.20$27.0016.3%4.7%17.2%14.7%14.5%3.3%0.7%10.8K330.8K-12.8K3.3322.34N/AN/A4091,3642,9503,415
2018-04-16$33.50$27.0015.5%4.4%17.3%13.1%13.4%3.3%1.5%38.6K-156.9K-12.6K3.2522.75N/AN/A4201,3642,9573,415
2018-04-17$33.57$27.0013.0%3.7%17.1%8.0%14.4%5.4%2.1%36.8K-168.0K-12.1K3.4522.81N/AN/A4101,4162,9523,415
2018-04-18$33.77$31.0014.0%4.0%17.0%9.9%11.6%5.7%0.3%-32.3K-737.0K-13.3K3.4899.47N/AN/A4101,4252,9523,467
2018-04-19$33.76$31.0012.8%3.7%17.0%7.6%11.5%4.4%1.3%-28.7K-658.3K-13.1K3.48106.07N/AN/A4071,4152,9403,467
2018-04-20$33.61$31.0013.8%4.0%14.5%9.5%11.2%5.4%1.1%71.9K-150.7K-11.9K2.6319.50N/AN/A5321,3992,9363,467
2018-04-23$33.58$31.0013.8%3.9%14.3%9.5%11.1%5.6%5.8%78.7K3.3M-11.0K5.0559.29N/AN/A2431,2261,4342,658
2018-04-24$33.17$31.0015.2%4.3%12.9%12.4%12.5%4.2%1.5%63.5K3.6M-10.4K5.2329.31N/AN/A2351,2281,4522,658
2018-04-25$33.23$31.0015.0%4.3%11.6%12.1%12.7%4.5%0.4%69.8K3.6M-10.1K5.0911.96N/AN/A2351,1971,4542,660
2018-04-26$33.18$31.0014.2%4.1%11.0%10.4%13.0%3.8%0.5%68.6K3.7M-9.9K4.8193.50N/AN/A2491,1971,4542,679
2018-04-27$33.36$31.0013.7%3.9%10.8%9.4%12.1%8.0%1.2%84.2K3.6M-9.9K4.82106.49N/AN/A2491,2011,4682,677
2018-04-30$33.28$31.0013.8%4.0%9.4%9.6%13.0%-0.4%0.5%83.7K3.7M-8.9K4.7521.98N/AN/A2491,1821,4682,677