EWP Options History — February 2019

In February 2019, EWP traded between $27.70 and $29.11. ATM implied volatility averaged 19.8%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 6.0% (HV 20d: 13.7%). Max pain ranged from $29.00 to $29.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 3.66.

Notable Days

  • 2019-02-08: Highest Volume — 183 contracts
  • 2019-02-04: Largest IV drop — 75.6% change
  • 2019-02-01: Highest IV Rank — 100.0%
  • 2019-02-01: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.38$27.70$29.11$28.35$29.11
Max Pain$29.00$29.00$29.00$29.00$29.00
ATM IV19.8%11.9%86.6%86.6%13.5%
Expected Move5.2%3.4%15.1%15.1%3.9%
HV 20d13.7%12.3%15.6%15.0%13.1%
HV 60d17.2%16.0%18.2%18.2%16.0%
IV Rank11.5%1.0%100.0%100.0%3.1%
IV Percentile30.6%1.2%100.0%100.0%6.7%
Term Structure0.6%-11.1%7.3%-11.1%3.1%
VWIV13.1%10.6%14.4%10.6%13.5%
Skew 25d4.3%-0.5%11.8%11.8%1.6%
Skew 10d0.7%-26.6%10.8%-26.6%1.0%
Call IV 25d15.2%11.1%51.8%51.8%12.4%
Put IV 25d19.4%10.9%63.6%63.6%14.0%
Bid-Ask Spread %97.1966.85145.93145.9390.21
Gamma HHI0.410.340.530.390.34
Net GEX-18.3K-49.3K14.4K-2.8K14.4K
Net DEX263.8K37.1K541.7K115.6K37.1K
Net VEX-3.8K-4.8K-3.1K-4.1K-3.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.660.0313.678.370.03
Total Volume50.47401831039
Total OI1,9031,7631,9781,7631,978

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$28.35$29.0086.6%15.1%15.0%100.0%0.0%11.8%-11.1%-2.8K115.6K-4.1K0.00145.93N/AN/A010869894
2019-02-04$28.28$29.0021.1%5.6%12.7%13.2%0.0%3.9%0.3%-20.9K226.5K-3.5K0.00112.47N/AN/A00869894
2019-02-05$28.54$29.0016.7%5.1%12.3%7.4%0.0%5.8%1.5%3.8K75.1K-3.9K0.00119.52N/AN/A00869894
2019-02-06$28.41$29.0013.3%3.8%12.5%2.9%0.0%0.1%7.3%8.6K71.8K-4.3K0.00125.84N/AN/A0159869894
2019-02-07$27.91$29.0023.1%6.6%14.0%15.9%10.6%9.4%-3.5%-20.9K294.1K-4.8K8.37118.88N/AN/A191598691,044
2019-02-08$27.71$29.0024.4%7.0%14.1%17.6%12.8%3.9%-3.7%-41.9K505.0K-4.8K8.63109.51N/AN/A191648651,044
2019-02-11$27.70$29.0016.4%4.7%14.1%6.9%0.0%8.1%1.4%-49.3K541.7K-4.2K0.00103.56N/AN/A008631,049
2019-02-12$27.98$29.0016.0%4.6%14.5%6.5%0.0%3.2%1.3%-36.6K434.6K-3.9K0.00104.58N/AN/A0168631,049
2019-02-13$27.86$29.0015.5%4.4%14.6%5.8%0.0%3.6%0.2%-44.4K416.2K-3.7K0.00102.67N/AN/A0168631,052
2019-02-14$27.89$29.0016.6%4.8%14.4%7.3%0.0%1.8%0.4%-45.5K479.8K-3.8K0.00100.52N/AN/A0168631,052
2019-02-15$28.35$29.0015.4%4.4%15.6%5.7%0.0%2.7%1.5%-32.3K358.4K-3.6K2.0096.55N/AN/A8168631,052
2019-02-19$28.62$29.0015.4%4.4%15.0%5.7%0.0%4.2%0.8%-18.5K274.3K-3.4K13.6770.25N/AN/A3418621,055
2019-02-20$28.66$29.0014.5%4.1%14.4%4.4%0.0%4.6%1.3%-15.4K257.6K-3.7K1.1192.09N/AN/A37418641,076
2019-02-21$28.59$29.0011.9%3.4%13.2%1.0%0.0%3.7%1.8%-18.1K246.3K-3.8K1.1168.16N/AN/A37418981,076
2019-02-22$28.70$29.0013.8%3.9%13.3%3.5%0.0%4.0%2.7%-11.3K219.2K-3.8K1.1467.79N/AN/A37428981,076
2019-02-25$28.70$29.0013.1%3.8%12.8%2.6%0.0%5.0%2.4%-11.3K200.9K-3.6K0.0073.26N/AN/A019001,077
2019-02-26$28.95$29.0014.4%4.1%12.8%4.4%14.4%4.0%2.5%-556119.9K-3.1K0.5077.98N/AN/A219001,076
2019-02-27$28.85$29.0014.3%4.1%12.7%4.1%14.3%-0.5%0.8%-5.2K138.6K-3.2K0.0366.85N/AN/A3419021,076
2019-02-28$29.11$29.0013.5%3.9%13.1%3.1%13.5%1.6%3.1%14.4K37.1K-3.1K0.0390.21N/AN/A3819021,076