EWP Options History — July 2019

In July 2019, EWP traded between $27.46 and $29.40. ATM implied volatility averaged 15.7%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 4.6% (HV 20d: 11.1%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.22.

Notable Days

  • 2019-07-19: Highest Volume — 91 contracts
  • 2019-07-31: Largest IV spike — 87.9% change
  • 2019-07-31: Highest IV Rank — 25.7%
  • 2019-07-31: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.75$27.46$29.40$29.01$27.46
Max Pain$28.41$28.00$29.00$29.00$28.00
ATM IV15.7%12.0%30.5%14.6%30.5%
Expected Move4.6%4.0%8.7%4.2%8.7%
HV 20d11.1%8.6%14.5%12.7%14.4%
HV 60d13.5%13.0%14.3%13.3%14.2%
IV Rank6.1%1.2%25.7%4.6%25.7%
IV Percentile23.1%0.8%97.2%11.5%97.2%
Term Structure-0.5%-22.6%1.8%0.8%-22.6%
VWIV16.2%13.9%21.9%16.7%21.9%
Skew 25d2.5%-0.7%5.9%0.8%0.7%
Skew 10d2.2%-6.2%10.7%3.8%2.5%
Call IV 25d13.0%9.9%19.6%10.4%19.6%
Put IV 25d15.6%10.9%20.3%11.2%20.3%
Bid-Ask Spread %91.7127.73121.0578.72121.05
Gamma HHI0.590.340.680.590.34
Net GEX32.7K15.9K42.1K28.0K15.9K
Net DEX114.8K-22.6K354.6K65.0K349.5K
Net VEX-1.7K-2.1K-1.2K-2.1K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.000.830.520.64
Total Volume9.545091018
Total OI587462661658470

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$29.01$29.0014.6%4.2%12.7%4.6%0.0%0.8%0.8%28.0K65.0K-2.1K0.0078.72N/AN/A00235423
2019-07-02$29.09$29.0014.4%4.1%11.3%4.4%0.0%1.0%1.0%28.0K51.4K-2.0K0.0067.11N/AN/A00235423
2019-07-03$29.40$29.0014.0%4.0%11.8%3.7%0.0%1.2%0.5%22.4K-22.6K-2.1K0.0078.52N/AN/A00235423
2019-07-05$29.12$29.0013.6%4.3%12.0%3.2%0.0%3.8%1.7%29.5K37.9K-2.0K0.0099.30N/AN/A03235423
2019-07-08$28.88$29.0014.1%4.3%11.7%3.9%0.0%3.0%1.1%34.6K96.3K-1.9K0.00103.37N/AN/A00235423
2019-07-09$28.79$29.0012.0%4.2%11.7%1.2%0.0%2.7%1.8%36.4K114.4K-1.8K0.0096.59N/AN/A08235423
2019-07-10$28.95$29.0016.6%4.8%11.9%7.3%0.0%1.8%0.2%32.0K87.5K-1.9K0.00115.46N/AN/A08235425
2019-07-11$29.06$29.0014.7%4.2%11.6%4.7%0.0%5.9%1.2%34.4K51.2K-1.9K0.00117.17N/AN/A014235425
2019-07-12$29.05$29.0015.2%4.4%11.6%5.4%16.7%1.8%1.3%35.6K23.5K-1.9K0.00113.57N/AN/A016235415
2019-07-15$29.11$28.0013.9%4.0%11.2%3.6%0.0%-0.7%-1.0%32.1K9.7K-1.8K0.00113.30N/AN/A00235416
2019-07-16$29.16$28.0015.6%4.5%8.7%5.9%0.0%2.1%1.0%34.9K6.0K-1.8K0.00111.94N/AN/A00235416
2019-07-17$28.88$28.0014.9%4.3%8.7%5.1%0.0%1.8%-1.3%37.4K55.8K-1.7K0.00112.75N/AN/A04235416
2019-07-18$28.89$28.0016.0%4.6%8.6%6.4%0.0%4.6%0.1%39.7K90.1K-1.7K0.00119.45N/AN/A016235418
2019-07-19$28.49$28.0015.9%4.6%9.7%6.3%15.0%3.4%1.6%28.7K161.3K-1.6K0.52110.48N/AN/A6031235426
2019-07-22$28.46$28.0017.8%5.1%9.6%8.8%17.4%1.1%0.7%31.6K180.1K-1.7K0.00108.66N/AN/A20219243
2019-07-23$28.76$28.0014.9%4.3%10.4%4.9%16.3%4.4%0.1%37.7K133.4K-1.7K0.0074.50N/AN/A20221243
2019-07-24$28.84$28.0014.1%4.0%10.2%3.9%14.6%5.9%1.0%40.2K103.6K-1.7K0.0065.26N/AN/A40221243
2019-07-25$28.61$28.0015.0%4.3%10.6%5.2%15.3%2.6%0.6%38.8K152.3K-1.6K0.0048.13N/AN/A40223243
2019-07-26$28.45$28.0015.6%4.5%10.7%5.9%14.6%0.3%0.4%39.4K212.6K-1.5K0.0050.39N/AN/A40223243
2019-07-29$28.46$28.0016.7%4.8%10.6%7.4%0.0%2.3%-0.5%42.1K212.9K-1.5K0.0027.73N/AN/A50223243
2019-07-30$27.64$28.0016.2%4.6%14.5%6.7%13.9%5.6%0.2%19.7K354.6K-1.2K0.8384.23N/AN/A65228243
2019-07-31$27.46$28.0030.5%8.7%14.4%25.7%21.9%0.7%-22.6%15.9K349.5K-1.2K0.64121.05N/AN/A117228242