EWP Options History — December 2018

In December 2018, EWP traded between $26.30 and $28.85. ATM implied volatility averaged 25.2%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 4.3% (HV 20d: 20.9%). Max pain ranged from $27.00 to $39.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 33.97.

Notable Days

  • 2018-12-24: Highest Volume — 468 contracts
  • 2018-12-10: Largest IV spike — 37.0% change
  • 2018-12-11: Highest IV Rank — 41.1%
  • 2018-12-24: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.42$26.30$28.85$28.85$26.85
Max Pain$33.45$27.00$39.00$27.00$30.00
ATM IV25.2%19.1%32.9%19.1%24.5%
Expected Move6.8%5.4%8.6%5.5%7.0%
HV 20d20.9%19.0%22.6%20.0%19.4%
HV 60d19.9%19.3%20.4%19.3%20.0%
IV Rank26.7%15.1%41.1%15.1%25.1%
IV Percentile86.8%62.3%97.2%62.3%86.9%
Term Structure-2.4%-14.1%1.4%-3.3%-0.1%
VWIV26.6%17.4%53.0%17.4%23.0%
Skew 25d7.1%-1.0%13.7%-1.0%4.3%
Skew 10d4.7%-6.6%14.6%-1.1%6.1%
Call IV 25d19.4%12.4%25.2%20.9%22.8%
Put IV 25d26.4%19.8%33.2%19.8%27.1%
Bid-Ask Spread %100.9482.69124.55110.7082.69
Gamma HHI0.240.190.330.210.33
Net GEX-213.2K-297.2K-172.1K-196.5K-172.1K
Net DEX4.1M3.2M5.2M3.2M3.6M
Net VEX-10.3K-12.2K-7.6K-11.5K-7.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio33.970.00113.001.170.00
Total Volume190.334681310
Total OI5,105.44,6695,3835,0564,669

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$28.85$27.0019.1%5.5%20.0%15.1%17.4%-1.0%-3.3%-196.5K3.2M-11.5K1.17110.70N/AN/A671,1243,932
2018-12-04$28.03$27.0025.7%7.4%22.6%27.5%25.6%13.7%-4.5%-197.6K3.8M-11.8K3.1788.54N/AN/A6191,1303,938
2018-12-05$28.01$27.0026.3%7.5%21.8%28.7%28.3%13.5%-4.9%-194.7K3.8M-11.7K3.1791.65N/AN/A6191,1303,938
2018-12-06$27.97$36.0030.4%6.7%21.3%36.4%0.0%6.6%-1.5%-206.5K4.3M-12.2K0.00103.13N/AN/A031,1303,950
2018-12-07$27.86$36.0023.6%5.4%20.9%23.7%23.1%6.5%-2.6%-207.0K3.7M-11.0K3.14124.55N/AN/A7221,1303,948
2018-12-10$27.49$36.0032.4%6.8%21.2%40.1%0.0%5.9%-1.6%-212.4K4.5M-10.8K0.00109.80N/AN/A03011,1313,948
2018-12-11$27.37$36.0032.9%6.5%19.9%41.1%0.0%6.9%-1.6%-230.3K4.4M-11.3K0.00105.26N/AN/A03011,1314,248
2018-12-12$28.05$36.0022.9%6.6%21.7%22.3%0.0%10.0%-2.0%-239.0K4.3M-10.7K100.33117.97N/AN/A33011,1314,248
2018-12-13$28.23$36.0021.1%6.0%21.4%18.9%25.6%7.0%-2.1%-231.2K4.1M-10.4K76.75106.81N/AN/A43071,1344,248
2018-12-14$28.02$36.0019.8%5.7%21.5%16.6%22.6%5.6%1.4%-229.9K4.3M-10.6K43.8694.58N/AN/A73071,1314,249
2018-12-17$27.82$36.0021.3%6.1%21.6%19.3%53.0%6.6%-0.9%-246.9K4.3M-10.4K0.00100.16N/AN/A8701,1344,249
2018-12-18$27.23$39.0024.7%7.1%22.6%25.7%20.7%5.9%-2.3%-256.8K4.6M-10.3K0.7996.63N/AN/A38301,0824,250
2018-12-19$27.12$37.0024.5%7.0%21.5%25.3%24.6%10.6%-0.1%-214.5K4.4M-10.8K0.44108.21N/AN/A84371,0954,244
2018-12-20$26.87$37.0024.1%6.9%21.3%24.7%25.9%9.7%-3.2%-297.2K4.7M-9.6K3.98102.63N/AN/A863421,1204,248
2018-12-21$26.43$37.0026.8%7.7%21.8%29.7%25.8%6.0%-1.8%-187.8K5.2M-9.6K2.6997.25N/AN/A882371,1184,175
2018-12-24$26.30$30.0030.0%8.6%19.7%35.7%28.4%8.0%-14.1%-187.7K4.0M-9.7K4.5794.09N/AN/A843841,0673,659
2018-12-26$26.61$30.0024.2%6.9%20.5%24.8%25.2%2.7%-0.4%-189.9K3.8M-8.6K107.5097.69N/AN/A22151,0673,644
2018-12-27$26.55$30.0025.4%7.3%19.0%26.8%27.7%6.3%-0.7%-188.7K3.8M-8.7K113.0093.89N/AN/A22261,0673,602
2018-12-28$26.71$30.0024.9%7.1%19.2%25.9%28.3%6.8%-1.0%-176.8K3.5M-8.2K113.0092.47N/AN/A22261,0673,602
2018-12-31$26.85$30.0024.5%7.0%19.4%25.1%23.0%4.3%-0.1%-172.1K3.6M-7.6K0.0082.69N/AN/A1001,0673,602