EWP Options History — September 2019

In September 2019, EWP traded between $26.66 and $27.96. ATM implied volatility averaged 18.7%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 7.0% (HV 20d: 11.7%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.58.

Notable Days

  • 2019-09-10: Highest Volume — 41 contracts
  • 2019-09-18: Largest IV spike — 12.9% change
  • 2019-09-18: Highest IV Rank — 11.3%
  • 2019-09-18: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.54$26.66$27.96$26.66$27.84
Max Pain$27.90$27.00$28.00$27.00$28.00
ATM IV18.7%16.9%20.3%20.2%18.0%
Expected Move5.3%4.9%5.8%5.8%5.2%
HV 20d11.7%9.0%16.0%15.2%9.1%
HV 60d13.6%13.3%13.9%13.5%13.3%
IV Rank9.1%6.8%11.3%11.2%8.2%
IV Percentile46.0%32.5%59.5%57.9%41.7%
Term Structure2.7%-0.2%27.0%0.2%0.2%
VWIV19.1%17.0%23.8%21.5%18.9%
Skew 25d4.5%-1.1%10.3%10.3%3.1%
Skew 10d3.9%-1.4%10.3%10.0%3.1%
Call IV 25d15.7%13.0%17.9%15.3%16.6%
Put IV 25d20.2%16.5%25.6%25.6%19.7%
Bid-Ask Spread %101.7977.20140.7282.8492.81
Gamma HHI0.280.210.340.210.32
Net GEX-4.9K-6.8K-2.1K-6.4K-4.3K
Net DEX367.5K310.3K467.9K467.9K344.5K
Net VEX-1.1K-1.2K-921-1.1K-921
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.001.280.330.00
Total Volume6.0504150
Total OI403.2381422400397

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$26.66$27.0020.2%5.8%15.2%11.2%21.5%10.3%0.2%-6.4K467.9K-1.1K0.0082.84N/AN/A05103297
2019-09-04$26.93$27.0019.9%5.7%15.6%10.8%19.4%7.8%-0.0%-6.3K443.5K-1.1K0.3390.81N/AN/A62103296
2019-09-05$27.23$28.0019.3%5.8%16.0%10.0%0.0%5.0%0.4%-6.2K407.5K-1.2K1.0094.72N/AN/A22109298
2019-09-06$27.26$28.0018.7%5.4%16.0%9.1%17.3%2.7%1.5%-6.1K405.6K-1.1K0.0099.60N/AN/A01110298
2019-09-09$27.38$28.0019.7%5.3%16.0%10.5%0.0%6.6%1.9%-6.0K404.3K-1.1K0.0095.39N/AN/A00109295
2019-09-10$27.63$28.0019.3%5.1%15.1%10.0%18.7%4.3%1.9%-6.8K380.1K-1.1K1.2896.39N/AN/A1823109295
2019-09-11$27.59$28.0017.1%4.9%15.1%7.0%19.3%3.5%2.2%-2.6K361.6K-1.1K0.6797.49N/AN/A96122288
2019-09-12$27.84$28.0018.8%5.4%10.2%9.2%0.0%7.0%0.1%-2.3K341.9K-1.2K1.20111.20N/AN/A56131291
2019-09-13$27.96$28.0019.1%5.5%10.2%9.7%19.1%2.7%-0.2%-3.3K312.2K-1.2K0.00108.31N/AN/A03126291
2019-09-16$27.62$28.0018.5%5.3%10.3%8.8%0.0%4.1%0.3%-2.3K336.1K-1.1K0.00112.34N/AN/A00126287
2019-09-17$27.62$28.0018.0%5.2%10.4%8.2%0.0%5.9%0.9%-2.1K359.9K-1.1K0.00104.91N/AN/A00126287
2019-09-18$27.70$28.0020.3%5.8%9.6%11.3%23.8%-1.1%7.6%-4.5K331.4K-1.1K0.00140.72N/AN/A01126287
2019-09-19$27.82$28.0017.8%5.1%9.5%7.9%17.4%2.1%3.0%-2.4K310.3K-1.1K0.00113.63N/AN/A40126286
2019-09-20$27.79$28.0018.0%5.2%9.5%8.3%17.8%5.9%2.7%-5.4K313.6K-1.1K0.00123.82N/AN/A06126286
2019-09-23$27.62$28.0016.9%4.9%9.1%6.8%17.0%5.2%27.0%-5.6K350.6K-9720.2095.05N/AN/A102111270
2019-09-24$27.61$28.0018.6%5.3%9.0%9.0%0.0%2.2%2.1%-6.1K361.5K-9840.00107.41N/AN/A00111277
2019-09-25$27.52$28.0017.9%5.1%9.1%8.1%0.0%7.0%0.6%-6.0K381.9K-9410.0077.20N/AN/A01111277
2019-09-26$27.61$28.0018.0%5.2%9.1%8.2%0.0%1.9%1.7%-6.1K369.9K-9650.0090.81N/AN/A00111277
2019-09-27$27.64$28.0018.9%5.4%9.1%9.5%18.9%3.5%0.4%-6.2K365.2K-9580.00100.44N/AN/A90111277
2019-09-30$27.84$28.0018.0%5.2%9.1%8.2%0.0%3.1%0.2%-4.3K344.5K-9210.0092.81N/AN/A00120277