EWP Options History — May 2018

In May 2018, EWP traded between $29.83 and $33.94. ATM implied volatility averaged 18.9%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 6.8% (HV 20d: 12.2%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 4.75.

Notable Days

  • 2018-05-31: Highest Volume — 5,001 contracts
  • 2018-05-02: Largest IV spike — 388.0% change
  • 2018-05-02: Highest IV Rank — 100.0%
  • 2018-05-02: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.75$29.83$33.94$33.01$30.50
Max Pain$30.18$30.00$31.00$31.00$31.00
ATM IV18.9%11.8%64.3%13.2%25.2%
Expected Move5.5%3.4%18.4%3.8%7.2%
HV 20d12.2%8.3%26.0%9.9%25.6%
HV 60d14.4%12.9%18.6%17.8%18.6%
IV Rank17.8%4.7%100.0%8.3%29.1%
IV Percentile42.6%1.6%100.0%8.7%97.6%
Term Structure-1.8%-20.2%1.5%1.5%-4.4%
VWIV18.0%10.5%60.8%14.5%23.8%
Skew 25d3.6%-9.8%7.9%3.0%4.4%
Skew 10d2.9%-8.1%14.0%0.9%10.5%
Call IV 25d14.1%8.2%33.0%13.3%21.5%
Put IV 25d17.7%12.4%31.4%16.2%26.0%
Bid-Ask Spread %83.4916.65131.27103.9585.78
Gamma HHI0.300.110.430.240.31
Net GEX33.7K-195.7K268.3K39.8K-195.7K
Net DEX4.2M2.9M7.4M3.9M7.4M
Net VEX-8.2K-21.5K-3.7K-8.8K-21.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.751.187.864.731.18
Total Volume1,724.9551,2615,0011,4265,001
Total OI4,247.0453,5898,9374,1578,937

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$33.01$31.0013.2%3.8%9.9%8.3%14.5%3.0%1.5%39.8K3.9M-8.8K4.73103.95N/AN/A2491,1771,4682,689
2018-05-02$33.31$31.0064.3%18.4%10.3%100.0%60.8%-9.8%-20.2%-32.3K2.9M-16.2K4.69131.27N/AN/A2511,1771,4682,689
2018-05-03$33.35$30.0013.7%4.1%9.7%8.3%13.5%5.9%1.4%94.8K3.7M-9.0K4.6930.90N/AN/A2511,1771,4702,689
2018-05-04$33.49$30.0011.9%4.1%9.6%5.1%19.4%5.8%1.4%108.3K3.7M-9.1K4.9116.65N/AN/A2401,1781,4702,689
2018-05-07$33.38$30.0014.6%4.1%8.6%10.0%15.2%5.0%0.2%86.1K3.5M-9.5K4.91101.63N/AN/A2401,1781,4662,690
2018-05-08$33.34$30.0012.8%4.1%8.3%6.5%12.1%3.1%1.0%52.6K3.8M-8.3K4.91107.12N/AN/A2401,1781,4662,690
2018-05-09$33.53$30.0012.9%3.7%8.5%6.8%14.8%4.0%0.6%112.2K3.6M-9.1K4.91108.20N/AN/A2401,1781,4662,690
2018-05-10$33.84$30.0011.8%3.4%9.0%4.8%11.7%4.1%-1.0%163.4K3.3M-8.8K4.88107.71N/AN/A2431,1871,4662,690
2018-05-11$33.94$30.0011.8%3.4%9.0%4.7%12.2%5.6%1.4%244.1K2.9M-9.2K4.88109.70N/AN/A2431,1871,4662,680
2018-05-14$33.89$30.0012.0%3.4%8.6%5.1%12.8%5.3%0.2%268.3K2.9M-9.2K4.88102.31N/AN/A2431,1871,4662,680
2018-05-15$33.50$30.0015.0%4.3%9.6%10.6%14.2%2.5%-1.2%129.4K3.5M-8.1K4.84103.41N/AN/A2481,2011,4772,680
2018-05-16$33.06$30.0015.5%4.4%10.3%11.5%18.8%1.0%-2.2%43.2K4.1M-6.1K4.84108.45N/AN/A2481,2011,4772,664
2018-05-17$33.17$30.0014.3%4.1%10.5%9.3%14.6%-0.1%-0.3%38.8K4.1M-5.8K4.8494.20N/AN/A2481,2011,4772,664
2018-05-18$32.82$30.0014.8%4.2%10.9%10.2%11.6%3.1%-0.7%-23.9K4.1M-6.2K4.8891.11N/AN/A2481,2111,4772,664
2018-05-21$32.66$30.0013.0%3.7%11.0%6.9%11.8%3.3%1.0%-47.2K4.5M-5.3K4.6060.91N/AN/A2271,0441,1482,441
2018-05-22$32.92$30.0012.9%3.7%10.7%6.8%10.5%7.9%0.1%-32.9K4.3M-5.6K4.7965.75N/AN/A2181,0441,1652,441
2018-05-23$32.41$30.0017.3%5.0%11.9%14.7%13.3%6.0%-2.5%-45.7K4.6M-5.1K4.7836.32N/AN/A2181,0431,1662,441
2018-05-24$32.35$30.0017.3%5.0%11.9%14.8%13.2%6.4%-3.5%-58.3K4.7M-4.4K4.9817.53N/AN/A2181,0851,1662,456
2018-05-25$31.53$30.0043.9%12.6%14.5%63.1%25.1%2.9%-2.0%-63.9K5.1M-4.2K4.6095.72N/AN/A2401,1041,1662,506
2018-05-29$29.83$30.0027.0%7.8%23.6%32.4%28.0%3.1%-6.7%-52.7K5.3M-3.7K3.9798.98N/AN/A4541,8041,1952,538
2018-05-30$30.60$31.0021.3%6.1%26.0%22.0%24.8%5.8%-4.7%-86.0K5.7M-6.8K7.8659.08N/AN/A4743,7251,4293,112
2018-05-31$30.50$31.0025.2%7.2%25.6%29.1%23.8%4.4%-4.4%-195.7K7.4M-21.5K1.1885.78N/AN/A2,2932,7083,4505,487