EWP Options History — August 2018

In August 2018, EWP traded between $29.07 and $31.29. ATM implied volatility averaged 18.5%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 3.1% (HV 20d: 15.5%). Max pain ranged from $25.00 to $31.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.72.

Notable Days

  • 2018-08-13: Highest Volume — 2,197 contracts
  • 2018-08-02: Largest IV drop — 70.4% change
  • 2018-08-01: Highest IV Rank — 80.4%
  • 2018-08-01: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.24$29.07$31.29$31.29$29.71
Max Pain$28.91$25.00$31.00$31.00$29.00
ATM IV18.5%13.7%53.5%53.5%17.1%
Expected Move5.1%3.9%15.3%15.3%4.9%
HV 20d15.5%9.6%19.0%16.2%19.0%
HV 60d19.2%16.3%21.1%20.1%16.5%
IV Rank14.8%5.1%80.4%80.4%11.4%
IV Percentile58.9%16.7%99.2%99.2%65.1%
Term Structure-2.8%-77.1%3.3%-77.1%0.1%
VWIV16.9%14.0%26.1%26.1%18.5%
Skew 25d2.4%-11.2%6.7%-11.2%2.9%
Skew 10d6.6%-6.7%28.4%4.0%8.3%
Call IV 25d15.6%10.8%28.3%28.3%18.5%
Put IV 25d17.9%14.6%21.4%17.1%21.4%
Bid-Ask Spread %66.3711.01131.72131.7298.67
Gamma HHI0.460.230.830.730.27
Net GEX-158.3K-405.1K-16.7K-252.2K-34.6K
Net DEX2.2M-136.2K7.5M14.7K962.0K
Net VEX-11.4K-14.0K-4.6K-11.9K-12.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.720.983.571.641.51
Total Volume1,278.4781,0032,1971,0061,231
Total OI4,291.6522,9216,2324,7173,221

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$31.29$31.0053.5%15.3%16.2%80.4%26.1%-11.2%-77.1%-252.2K14.7K-11.9K1.64131.72N/AN/A3816251,8492,868
2018-08-02$30.94$31.0015.9%4.5%12.5%12.2%15.6%0.1%3.0%-275.8K1.1M-11.6K1.6490.63N/AN/A3816251,8492,858
2018-08-03$30.97$31.0015.0%4.3%12.1%10.6%15.0%1.8%0.3%-316.5K1.3M-11.0K1.65107.27N/AN/A3796251,8492,858
2018-08-06$30.79$31.0016.5%4.5%12.0%13.3%15.1%2.8%-1.0%-299.8K1.8M-9.6K1.65102.97N/AN/A3796251,8502,858
2018-08-07$31.05$31.0015.8%4.5%12.4%12.0%14.8%3.0%-0.4%-328.0K-136.2K-9.5K1.6599.65N/AN/A3796251,8502,858
2018-08-08$31.07$31.0014.0%4.3%9.6%8.7%14.6%1.5%0.1%-405.1K786.6K-9.0K1.65107.99N/AN/A3796241,8502,858
2018-08-09$30.78$31.0014.6%4.3%10.1%6.8%14.0%4.6%-0.7%-374.2K1.2M-8.8K1.65115.03N/AN/A3796241,8502,858
2018-08-10$29.85$25.0021.5%4.8%14.6%19.7%16.3%0.5%0.1%-149.1K4.9M-5.4K1.64108.55N/AN/A3816251,8512,858
2018-08-13$29.60$25.0024.8%4.8%14.6%25.8%16.0%3.6%0.7%-127.4K5.1M-4.6K3.57103.09N/AN/A4811,7161,8552,855
2018-08-14$29.61$25.0024.4%4.9%14.6%25.1%16.2%2.6%0.5%-165.2K7.1M-13.0K3.5299.35N/AN/A4811,6911,9533,995
2018-08-15$29.07$25.0019.2%5.5%15.7%15.4%19.2%3.1%-0.3%-132.0K7.5M-12.4K2.4420.33N/AN/A5231,2771,9553,995
2018-08-16$29.20$29.0017.9%5.1%15.9%13.0%17.8%3.4%0.0%-133.2K7.4M-13.0K1.3416.62N/AN/A5337152,0684,121
2018-08-17$29.40$29.0017.4%5.0%15.8%12.1%17.3%3.3%0.5%-135.6K7.4M-13.0K1.3421.35N/AN/A5337152,0684,164
2018-08-20$29.55$29.0017.1%4.9%16.0%11.4%17.6%3.2%-0.9%-140.0K1.6M-12.7K1.2113.13N/AN/A5877097262,195
2018-08-21$30.12$29.0015.2%4.4%17.7%7.9%16.0%3.7%1.2%-103.1K940.7K-12.8K0.9819.40N/AN/A7217108262,195
2018-08-22$30.24$29.0015.3%4.4%17.7%8.0%16.1%0.3%1.4%-16.7K327.1K-14.0K1.3696.76N/AN/A5136971,1382,200
2018-08-23$29.98$29.0015.5%4.4%17.7%8.4%16.6%3.1%0.7%-46.7K706.5K-13.5K1.3619.16N/AN/A5136971,0472,200
2018-08-24$30.28$29.0016.0%4.6%17.8%9.5%17.3%4.0%1.1%-44.6K452.9K-13.2K1.3711.01N/AN/A5046921,0472,200
2018-08-27$30.68$29.0014.3%4.1%18.3%6.2%16.7%6.7%0.7%-45.6K67.2K-12.5K1.3814.18N/AN/A5046951,0512,201
2018-08-28$30.56$29.0014.6%4.2%18.3%6.7%17.2%2.3%0.6%-41.4K161.4K-12.5K1.4217.54N/AN/A4957021,0522,212
2018-08-29$30.59$29.0013.7%3.9%18.1%5.1%16.6%5.5%3.3%-40.8K259.3K-12.9K1.9141.61N/AN/A4959461,0482,218
2018-08-30$30.09$29.0016.8%4.8%18.6%10.9%17.9%3.9%0.6%-33.7K674.3K-12.8K1.6470.58N/AN/A4898041,0482,182
2018-08-31$29.71$29.0017.1%4.9%19.0%11.4%18.5%2.9%0.1%-34.6K962.0K-12.8K1.5198.67N/AN/A4907411,0482,173