EWP Options History — March 2019

In March 2019, EWP traded between $28.35 and $29.84. ATM implied volatility averaged 14.6%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 0.7% (HV 20d: 14.0%). Max pain ranged from $29.00 to $32.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.02.

Notable Days

  • 2019-03-29: Highest Volume — 46 contracts
  • 2019-03-07: Largest IV spike — 22.2% change
  • 2019-03-07: Highest IV Rank — 7.3%
  • 2019-03-28: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.92$28.35$29.84$29.10$28.55
Max Pain$30.29$29.00$32.00$29.00$30.00
ATM IV14.6%12.7%16.6%13.5%15.3%
Expected Move4.6%3.8%5.3%3.9%5.2%
HV 20d14.0%12.2%17.4%12.7%17.4%
HV 60d14.6%13.4%15.8%15.8%15.0%
IV Rank4.6%2.0%7.3%3.2%5.6%
IV Percentile19.3%2.4%38.9%7.5%28.2%
Term Structure1.7%0.6%3.3%2.7%0.9%
VWIV15.6%9.0%23.1%13.5%15.7%
Skew 25d4.0%0.2%7.5%1.8%3.8%
Skew 10d3.1%-2.9%8.9%1.0%3.2%
Call IV 25d13.0%9.1%17.4%10.0%16.5%
Put IV 25d17.0%11.8%20.3%11.8%20.3%
Bid-Ask Spread %80.2124.64119.4338.86115.44
Gamma HHI0.330.240.540.340.30
Net GEX-128-49.5K62.0K20.4K-16.0K
Net DEX87.5K-187.2K270.5K10.8K145.8K
Net VEX-2.2K-3.0K-1.6K-3.0K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.003.600.033.60
Total Volume16.3810463946
Total OI1,993.6671,9782,0301,9782,030

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$29.10$29.0013.5%3.9%12.7%3.2%13.5%1.8%2.7%20.4K10.8K-3.0K0.0338.86N/AN/A3819021,076
2019-03-04$28.88$29.0013.2%3.8%12.5%2.8%0.0%2.7%1.3%-6.9K155.5K-2.9K0.0037.72N/AN/A019021,076
2019-03-05$28.87$29.0013.9%4.0%12.5%3.7%15.4%3.9%0.9%-9.0K166.7K-2.8K1.0029.51N/AN/A119021,076
2019-03-06$29.02$29.0013.6%3.9%12.2%3.3%19.7%4.1%1.5%1.1K101.3K-2.6K0.0924.64N/AN/A1119031,076
2019-03-07$28.47$29.0016.6%4.8%14.0%7.3%23.1%0.2%3.3%-18.8K189.2K-2.7K0.2034.15N/AN/A1539051,076
2019-03-08$28.35$29.0015.2%4.4%12.5%5.4%12.5%3.9%0.6%-49.5K270.5K-2.6K0.4044.87N/AN/A2089051,077
2019-03-11$28.53$32.0015.4%4.8%12.3%5.6%0.0%5.9%1.6%-35.4K252.3K-2.5K0.0089.70N/AN/A009051,077
2019-03-12$28.55$32.0014.5%4.7%12.3%4.5%0.0%6.2%1.8%-25.4K212.6K-2.3K0.0083.99N/AN/A009111,077
2019-03-13$28.88$32.0014.7%4.8%12.4%4.8%15.9%3.4%1.8%-10.1K111.8K-2.1K1.5082.36N/AN/A239111,077
2019-03-14$28.81$32.0014.8%4.7%12.3%4.9%9.0%3.8%2.1%4.7K89.3K-2.1K0.4384.62N/AN/A739111,075
2019-03-15$29.27$32.0014.1%4.7%13.3%3.9%14.6%2.6%2.5%11.2K9.6K-1.9K0.1481.76N/AN/A2239111,075
2019-03-18$29.68$0.0014.0%4.5%13.0%3.7%0.0%5.1%1.6%34.7K-68.9K-2.1K0.00116.01N/AN/A1009131,075
2019-03-19$29.73$0.0013.1%4.5%12.7%2.6%0.0%6.4%2.8%48.5K-126.4K-2.0K0.00101.31N/AN/A509131,075
2019-03-20$29.84$0.0015.8%4.2%12.7%6.2%0.0%5.5%3.0%62.0K-187.2K-2.3K0.00119.43N/AN/A509181,075
2019-03-21$29.55$0.0012.7%4.3%13.3%2.0%0.0%1.6%2.6%25.7K-43.5K-1.6K0.00100.10N/AN/A509181,075
2019-03-22$28.72$0.0015.3%4.9%17.0%5.5%0.0%7.5%0.8%-4.5K85.7K-1.7K0.40102.12N/AN/A529181,075
2019-03-25$28.71$0.0016.4%5.0%17.0%7.0%0.0%5.7%0.6%-5.2K99.2K-1.7K0.0096.54N/AN/A009181,077
2019-03-26$28.53$0.0014.3%4.9%16.8%4.3%15.3%6.5%0.7%-12.1K138.5K-1.9K3.2095.43N/AN/A10329181,103
2019-03-27$28.84$30.0016.1%5.1%17.3%6.6%15.0%1.7%1.6%-2.8K85.7K-1.7K3.2099.46N/AN/A10329281,102
2019-03-28$28.51$30.0014.8%5.3%17.4%4.8%16.9%1.7%1.7%-15.3K139.9K-1.8K3.20106.33N/AN/A10329281,102
2019-03-29$28.55$30.0015.3%5.2%17.4%5.6%15.7%3.8%0.9%-16.0K145.8K-1.8K3.60115.44N/AN/A10369281,102