EWP Options History — April 2019

In April 2019, EWP traded between $29.03 and $30.04. ATM implied volatility averaged 16.9%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 1.8% (HV 20d: 15.2%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2019-04-12: Highest Volume — 214 contracts
  • 2019-04-29: Largest IV drop — 25.6% change
  • 2019-04-26: Highest IV Rank — 12.8%
  • 2019-04-26: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.56$29.03$30.04$29.03$29.99
Max Pain$29.05$28.00$30.00$30.00$30.00
ATM IV16.9%14.8%20.8%16.7%16.4%
Expected Move4.9%4.2%6.0%4.5%4.7%
HV 20d15.2%11.0%18.6%18.3%11.0%
HV 60d14.3%13.8%15.3%15.3%14.1%
IV Rank7.7%4.8%12.8%7.4%6.9%
IV Percentile44.0%21.0%69.8%44.4%37.3%
Term Structure0.8%-2.4%9.5%3.0%1.1%
VWIV16.0%10.2%20.8%20.8%15.0%
Skew 25d3.5%0.5%7.3%5.4%0.5%
Skew 10d2.8%-2.9%25.2%8.6%25.2%
Call IV 25d14.3%10.4%17.3%12.0%12.7%
Put IV 25d17.7%13.2%19.9%17.3%13.2%
Bid-Ask Spread %94.1041.37117.55117.5541.37
Gamma HHI0.430.220.790.260.62
Net GEX35.5K-4.3K93.4K-4.3K57.2K
Net DEX-116.5K-422.5K93.9K93.9K-210.1K
Net VEX-1.7K-2.1K-1.5K-1.9K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.002.670.220.20
Total Volume26.61902141112
Total OI1,585.815112,2672,032522

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$29.03$30.0016.7%4.5%18.3%7.4%20.8%5.4%3.0%-4.3K93.9K-1.9K0.22117.55N/AN/A929281,104
2019-04-02$29.09$28.0017.4%5.3%18.3%8.4%20.2%1.0%1.0%6.6K39.1K-1.5K0.22106.55N/AN/A929371,106
2019-04-03$29.41$28.0017.5%5.2%18.6%8.4%16.9%4.1%-0.3%13.1K-13.0K-1.6K0.07100.66N/AN/A2929371,106
2019-04-04$29.62$28.0015.2%4.8%17.2%5.3%16.8%6.8%0.4%24.6K-65.0K-1.5K0.12103.53N/AN/A3449471,106
2019-04-05$29.57$28.0016.1%4.9%17.1%6.6%18.1%6.8%-1.4%21.9K-52.9K-1.5K0.76103.69N/AN/A34269471,106
2019-04-08$29.45$29.0016.1%5.2%17.2%6.6%0.0%3.2%0.1%13.5K-22.6K-1.6K0.00100.39N/AN/A009471,118
2019-04-09$29.38$29.0018.6%5.2%17.2%9.9%16.9%2.5%0.2%9.8K5.7K-1.6K0.00100.14N/AN/A3109471,118
2019-04-10$29.41$29.0018.0%5.2%16.8%9.1%15.4%3.1%-0.1%16.3K9.7K-1.7K0.00107.05N/AN/A3109691,118
2019-04-11$29.47$29.0017.0%4.9%16.8%7.8%15.2%2.5%0.9%18.5K-5.9K-1.6K0.00101.58N/AN/A3109691,118
2019-04-12$29.74$29.0016.4%4.7%16.1%6.9%16.1%0.5%0.5%30.3K-65.7K-1.5K0.00104.92N/AN/A21409691,118
2019-04-15$29.77$29.0017.2%4.9%15.4%8.0%0.0%5.3%-0.8%70.5K-364.8K-2.1K0.00107.41N/AN/A001,1491,118
2019-04-16$29.71$29.0017.0%4.9%15.4%7.7%0.0%3.0%2.3%62.3K-324.0K-2.0K0.00109.40N/AN/A061,1491,118
2019-04-17$30.04$29.0016.4%4.7%15.8%6.9%0.0%7.3%-0.2%78.2K-422.5K-2.0K0.00108.42N/AN/A061,1491,118
2019-04-18$29.84$29.0014.8%4.2%15.6%4.8%13.6%1.6%1.3%93.4K-336.7K-1.9K0.16103.63N/AN/A3861,1491,118
2019-04-22$29.85$29.0015.5%4.4%11.3%5.8%0.0%6.7%9.5%46.7K-214.3K-1.9K0.0072.47N/AN/A00273238
2019-04-23$29.63$29.0016.4%4.7%11.7%7.1%0.0%2.2%0.8%41.5K-152.1K-1.9K0.0071.44N/AN/A30273238
2019-04-24$29.19$29.0017.5%5.0%12.8%8.5%10.2%2.8%2.3%33.7K-57.7K-1.8K1.6760.23N/AN/A35276238
2019-04-25$29.41$30.0019.2%5.5%12.6%10.7%13.2%1.1%-1.1%33.7K-70.8K-1.8K2.0083.05N/AN/A36276243
2019-04-26$29.45$30.0020.8%6.0%11.7%12.8%15.0%2.6%-2.4%33.4K-95.2K-1.9K2.6789.12N/AN/A38276244
2019-04-29$29.71$30.0015.5%4.4%11.9%5.8%0.0%3.5%-0.4%44.0K-121.0K-1.7K0.0083.43N/AN/A02276246
2019-04-30$29.99$30.0016.4%4.7%11.0%6.9%0.0%0.5%1.1%57.2K-210.1K-1.7K0.2041.37N/AN/A102276246