EWP Options History — August 2019

In August 2019, EWP traded between $26.16 and $27.34. ATM implied volatility averaged 22.4%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 6.6% (HV 20d: 15.8%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 2.00.

Notable Days

  • 2019-08-29: Highest Volume — 28 contracts
  • 2019-08-12: Largest IV spike — 30.7% change
  • 2019-08-12: Highest IV Rank — 23.0%
  • 2019-08-23: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.80$26.16$27.34$27.31$26.68
Max Pain$27.09$27.00$28.00$28.00$27.00
ATM IV22.4%17.2%29.0%22.5%19.9%
Expected Move6.1%4.9%7.1%6.5%5.7%
HV 20d15.8%13.4%18.4%13.5%15.6%
HV 60d14.1%13.3%15.0%13.7%13.7%
IV Rank14.1%7.1%23.0%14.3%10.7%
IV Percentile73.7%40.9%96.0%79.4%54.4%
Term Structure-0.2%-3.1%2.5%-3.0%-0.5%
VWIV21.4%19.7%23.3%21.8%23.3%
Skew 25d4.7%-0.7%11.1%3.8%4.3%
Skew 10d2.4%-16.0%12.8%3.4%0.4%
Call IV 25d18.5%14.2%21.6%19.5%19.4%
Put IV 25d23.1%16.8%27.6%23.3%23.7%
Bid-Ask Spread %103.1574.50125.68124.5790.24
Gamma HHI0.200.150.350.250.20
Net GEX1.8K-6.3K15.9K11.2K-6.3K
Net DEX389.5K344.4K454.6K364.4K454.6K
Net VEX-1.0K-1.2K-818-1.2K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.000.0015.001.430.10
Total Volume8.0450281711
Total OI427.864329506477409

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$27.31$28.0022.5%6.5%13.5%14.3%21.8%3.8%-3.0%11.2K364.4K-1.2K1.43124.57N/AN/A710233244
2019-08-02$27.34$28.0021.2%6.1%13.4%12.5%0.0%2.6%-1.9%15.9K347.0K-1.2K0.00118.83N/AN/A01234245
2019-08-05$27.03$27.0023.4%6.4%13.6%15.4%22.1%2.3%-0.6%7.8K372.0K-1.1K0.00109.78N/AN/A60234238
2019-08-06$27.12$27.0025.4%5.5%13.8%18.1%0.0%0.5%2.5%10.2K354.4K-1.1K0.00117.55N/AN/A04237238
2019-08-07$27.28$27.0023.5%5.9%13.9%15.6%0.0%2.4%0.6%14.0K344.4K-1.1K0.00111.89N/AN/A00237240
2019-08-08$27.32$27.0021.4%5.8%13.7%12.7%0.0%7.3%-0.3%8.7K374.2K-1.0K0.00104.06N/AN/A00237240
2019-08-09$27.27$27.0022.2%5.9%13.7%13.9%0.0%8.1%-1.0%5.8K373.8K-1.1K0.00103.89N/AN/A00237240
2019-08-12$26.84$27.0029.0%6.0%14.3%23.0%0.0%7.8%-0.5%2.1K392.3K-9930.00115.43N/AN/A40236236
2019-08-13$26.94$27.0025.5%6.4%14.4%18.3%19.8%-0.7%-1.4%-1.5K397.3K-1.0K2.00125.68N/AN/A24240236
2019-08-14$26.16$27.0023.7%6.8%16.9%15.9%20.3%11.1%-3.1%-3.5K430.0K-8180.47116.14N/AN/A157242240
2019-08-15$26.19$27.0023.4%6.7%17.0%15.5%19.7%8.8%-0.1%-4.0K413.3K-9510.80117.73N/AN/A54257247
2019-08-16$26.62$27.0022.1%6.3%18.2%13.7%22.5%5.5%0.8%-3.4K401.3K-1.0K0.00118.49N/AN/A011257249
2019-08-19$26.64$27.0017.2%4.9%18.2%7.1%0.0%-0.4%1.1%-3.4K391.0K-9310.00114.06N/AN/A20085244
2019-08-20$26.41$27.0022.3%6.4%17.5%14.0%0.0%6.3%0.5%-1.4K399.3K-9240.0096.40N/AN/A00103244
2019-08-21$26.60$27.0019.7%5.7%17.8%10.5%0.0%4.5%1.0%-1.3K395.5K-9230.2082.95N/AN/A102103244
2019-08-22$26.70$27.0020.3%5.8%18.0%11.3%0.0%4.9%-0.4%-1.1K384.9K-1.0K0.0080.14N/AN/A00113244
2019-08-23$26.45$27.0024.9%7.1%18.1%17.4%0.0%6.0%0.3%-2.0K383.2K-1.2K0.0095.44N/AN/A00113244
2019-08-26$26.62$27.0023.1%6.6%18.4%15.0%23.3%5.8%-0.8%-1.3K380.7K-1.0K15.0074.50N/AN/A115113244
2019-08-27$26.65$27.0021.3%6.1%15.7%12.6%0.0%4.4%0.4%-2.1K404.5K-1.1K0.0076.22N/AN/A010113259
2019-08-28$26.68$27.0020.9%6.0%15.6%12.1%0.0%3.7%0.8%-3.0K404.3K-1.1K0.0082.42N/AN/A00113269
2019-08-29$26.77$27.0019.7%5.6%15.6%10.4%0.0%4.3%0.7%-2.2K405.9K-1.1K0.0092.94N/AN/A028113269
2019-08-30$26.68$27.0019.9%5.7%15.6%10.7%0.0%4.3%-0.5%-6.3K454.6K-1.1K0.1090.24N/AN/A101113296