EWP Options History — January 2019

In January 2019, EWP traded between $26.81 and $28.88. ATM implied volatility averaged 19.6%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 3.7% (HV 20d: 15.9%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 6.12.

Notable Days

  • 2019-01-04: Highest Volume — 99 contracts
  • 2019-01-22: Largest IV spike — 67.5% change
  • 2019-01-02: Highest IV Rank — 24.7%
  • 2019-01-03: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.18$26.81$28.88$26.81$28.62
Max Pain$29.89$29.00$30.00$30.00$29.00
ATM IV19.6%13.5%24.3%24.3%18.0%
Expected Move5.6%3.9%7.0%7.0%4.9%
HV 20d15.9%13.3%19.3%18.6%14.3%
HV 60d19.2%18.0%20.6%19.9%18.1%
IV Rank15.9%4.5%24.7%24.7%12.8%
IV Percentile54.9%7.1%85.7%85.7%41.7%
Term Structure1.7%-3.8%33.2%0.4%1.7%
VWIV22.3%17.9%26.7%26.7%17.9%
Skew 25d1.7%-52.4%7.1%3.3%7.1%
Skew 10d-0.2%-59.6%12.8%4.3%4.9%
Call IV 25d19.6%13.1%63.5%23.5%13.2%
Put IV 25d21.3%11.1%27.5%26.8%20.4%
Bid-Ask Spread %94.8676.78118.5693.08114.14
Gamma HHI0.340.260.430.360.39
Net GEX-69.4K-174.6K21.4K-168.7K10.4K
Net DEX1.7M-59.5K3.5M3.5M55.7K
Net VEX-5.7K-7.3K-4.3K-7.3K-4.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.120.0041.000.000.25
Total Volume27.4290996610
Total OI3,573.0951,7564,7394,6691,765

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$26.81$30.0024.3%7.0%18.6%24.7%26.7%3.3%0.4%-168.7K3.5M-7.3K0.0093.08N/AN/A6601,0673,602
2019-01-03$26.95$0.0022.7%7.0%16.2%21.8%0.0%6.4%-1.3%-155.3K3.3M-7.2K0.4591.38N/AN/A66301,1273,602
2019-01-04$27.61$0.0021.7%6.3%18.7%19.9%0.0%3.9%-0.4%-148.7K2.9M-7.1K0.4898.15N/AN/A67321,1273,612
2019-01-07$27.96$0.0021.2%6.2%19.3%18.9%0.0%3.6%0.5%-152.7K2.6M-6.7K0.0087.25N/AN/A021,1273,603
2019-01-08$28.05$0.0020.9%6.1%19.3%18.3%0.0%3.8%0.3%-146.8K2.7M-6.5K0.0086.80N/AN/A051,0673,603
2019-01-09$28.12$0.0020.7%5.9%18.6%18.1%0.0%4.5%-0.3%-162.2K2.6M-6.3K0.94113.58N/AN/A32301,0673,603
2019-01-10$28.24$0.0020.1%5.8%18.5%16.8%0.0%4.5%0.3%-130.5K2.6M-6.6K0.9490.31N/AN/A32301,0973,611
2019-01-11$28.11$0.0019.0%5.5%16.5%14.9%0.0%6.7%1.4%-174.6K2.5M-6.6K0.9498.17N/AN/A32301,0973,611
2019-01-14$28.02$0.0020.5%5.9%16.3%17.7%0.0%4.3%-0.6%-108.5K2.7M-5.9K0.0089.68N/AN/A001,0913,611
2019-01-15$27.95$0.0020.8%6.0%16.1%18.1%0.0%1.0%-0.1%-88.8K2.7M-5.2K0.0092.38N/AN/A061,0893,590
2019-01-16$28.12$0.0020.2%5.8%16.0%17.0%0.0%2.3%-0.0%-53.4K2.7M-5.3K6.0091.72N/AN/A161,0893,590
2019-01-17$28.12$0.0020.2%5.8%13.8%17.0%0.0%2.4%-0.1%-72.4K2.5M-5.7K41.00110.92N/AN/A1411,0893,557
2019-01-18$28.54$0.0013.5%3.9%14.4%4.5%17.9%4.3%6.0%9.0K2.4M-5.4K10.25118.56N/AN/A4411,0893,533
2019-01-22$28.20$30.0022.6%6.5%14.7%21.6%0.0%7.0%33.2%534131.3K-5.0K0.0091.01N/AN/A00861895
2019-01-23$28.65$30.0017.1%4.9%13.6%11.2%0.0%5.9%-3.8%4.8K120.9K-4.7K0.0080.80N/AN/A01861895
2019-01-24$28.59$30.0019.0%5.5%13.4%14.9%0.0%4.8%-2.6%15.8K-36.2K-5.6K0.0083.26N/AN/A01861895
2019-01-25$28.88$30.0018.7%5.4%13.3%14.3%0.0%5.7%-0.2%20.2K-59.5K-4.8K0.2585.81N/AN/A82861895
2019-01-28$28.65$30.0016.6%4.8%13.8%10.4%0.0%1.5%0.3%11.8K510-4.7K0.0085.45N/AN/A00869896
2019-01-29$28.81$30.0016.3%4.7%13.8%9.7%0.0%6.0%0.9%21.4K-13.7K-4.8K0.0076.78N/AN/A00869896
2019-01-30$28.85$30.0017.1%4.9%13.8%11.1%0.0%-52.4%0.4%10.6K19.9K-4.3K0.00112.79N/AN/A00869896
2019-01-31$28.62$29.0018.0%4.9%14.3%12.8%0.0%7.1%1.7%10.4K55.7K-4.5K0.00114.14N/AN/A010869896