EWP Options History — May 2019

In May 2019, EWP traded between $28.12 and $29.78. ATM implied volatility averaged 21.9%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 7.8% (HV 20d: 14.1%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 4.53.

Notable Days

  • 2019-05-14: Highest Volume — 90 contracts
  • 2019-05-14: Largest IV drop — 35.1% change
  • 2019-05-13: Highest IV Rank — 30.7%
  • 2019-05-29: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.82$28.12$29.78$29.78$28.12
Max Pain$28.82$28.00$30.00$30.00$28.00
ATM IV21.9%17.5%34.3%19.4%19.6%
Expected Move5.8%5.0%6.7%5.6%5.6%
HV 20d14.1%11.4%15.2%11.4%15.2%
HV 60d14.6%13.9%15.3%14.2%15.3%
IV Rank14.3%8.4%30.7%11.0%11.2%
IV Percentile70.8%44.8%98.0%61.9%58.7%
Term Structure-1.5%-4.4%5.0%4.5%0.6%
VWIV17.6%11.1%24.5%11.1%22.3%
Skew 25d4.6%-1.8%10.8%-0.4%3.6%
Skew 10d3.2%-4.3%7.7%0.5%1.1%
Call IV 25d15.9%10.7%20.8%13.3%15.8%
Put IV 25d20.5%13.0%24.7%13.0%19.4%
Bid-Ask Spread %94.9737.04108.4371.2096.33
Gamma HHI0.450.330.590.550.36
Net GEX5.8K-11.7K45.0K40.5K-9.4K
Net DEX101.5K-214.6K365.0K-214.6K365.0K
Net VEX-1.3K-1.8K-1.1K-1.8K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.530.1215.500.1315.50
Total Volume22.5910901766
Total OI464.227341543532477

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$29.78$30.0019.4%5.6%11.4%11.0%11.1%-0.4%4.5%40.5K-214.6K-1.8K0.1371.20N/AN/A152286246
2019-05-02$29.41$30.0017.6%5.0%11.8%8.5%14.6%5.1%5.0%45.0K-146.5K-1.7K0.1251.05N/AN/A253281246
2019-05-03$29.51$30.0017.8%5.1%11.5%8.8%16.1%-0.7%-2.7%37.8K-79.4K-1.5K0.1237.04N/AN/A253261246
2019-05-06$29.28$29.0019.7%5.3%11.8%11.4%0.0%0.2%-0.8%24.7K37.1K-1.4K0.00107.92N/AN/A00261246
2019-05-07$28.70$29.0026.1%5.5%13.7%19.9%14.8%4.4%-0.8%14.5K54.4K-1.4K0.40107.05N/AN/A104261246
2019-05-08$28.85$30.0023.9%5.8%13.9%16.9%13.6%4.2%-2.0%16.0K76.0K-1.4K0.40102.46N/AN/A104251250
2019-05-09$28.69$30.0028.4%6.1%14.0%22.9%15.0%3.9%-3.0%12.0K105.8K-1.4K0.40106.52N/AN/A104251250
2019-05-10$28.86$30.0026.4%5.6%14.1%20.2%0.0%2.9%-3.4%11.2K105.3K-1.3K0.00108.41N/AN/A00251250
2019-05-13$28.38$30.0034.3%6.7%14.6%30.7%23.2%5.9%-3.4%3.3K137.2K-1.2K0.00108.43N/AN/A05251250
2019-05-14$28.54$30.0022.2%5.6%14.9%14.7%22.5%6.3%-3.4%-11.7K175.5K-1.2K0.25105.70N/AN/A7218251255
2019-05-15$28.72$28.0023.0%6.6%15.2%15.7%0.0%8.9%-1.7%777125.2K-1.3K0.00104.09N/AN/A00281255
2019-05-16$28.99$28.0019.2%5.5%15.0%10.7%0.0%4.3%-1.7%18.4K47.1K-1.3K0.00103.85N/AN/A07281255
2019-05-17$28.88$28.0020.0%5.7%14.9%11.7%0.0%8.3%-2.0%-8.8K80.8K-1.2K0.00107.91N/AN/A07281262
2019-05-20$28.72$28.0020.6%5.9%14.9%12.6%13.7%4.9%-1.1%-8.0K90.5K-1.2K0.0085.04N/AN/A0594247
2019-05-21$28.88$28.0020.5%5.9%15.0%12.4%16.4%10.0%-1.8%-7.9K88.3K-1.2K0.0093.20N/AN/A0594252
2019-05-22$28.81$28.0019.4%5.5%14.1%10.9%16.7%9.3%-1.3%-8.1K98.1K-1.2K0.0095.88N/AN/A0894252
2019-05-23$28.48$28.0021.9%6.3%14.3%14.2%18.1%6.5%-2.5%-8.1K132.0K-1.2K0.0099.23N/AN/A0994255
2019-05-24$28.85$28.0020.5%5.9%15.2%12.4%20.6%4.9%-2.7%-7.6K91.0K-1.1K14.80105.89N/AN/A57494256
2019-05-28$28.62$28.0017.5%5.0%14.9%8.4%13.9%10.8%-2.1%-7.9K228.2K-1.3K4.25107.93N/AN/A41799322
2019-05-29$28.38$28.0023.4%6.7%14.5%16.2%22.9%-0.8%-4.4%-10.0K325.7K-1.3K4.2598.01N/AN/A417103336
2019-05-30$28.59$28.0020.9%6.0%14.8%13.0%24.5%-1.8%-1.5%-9.3K310.6K-1.4K13.7586.21N/AN/A455103336
2019-05-31$28.12$28.0019.6%5.6%15.2%11.2%22.3%3.6%0.6%-9.4K365.0K-1.3K15.5096.33N/AN/A462103374