EWP Options History — February 2020

In February 2020, EWP traded between $26.06 and $29.44. ATM implied volatility averaged 20.2%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 4.5% (HV 20d: 15.7%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 22.38.

Notable Days

  • 2020-02-24: Highest Volume — 431 contracts
  • 2020-02-24: Largest IV spike — 52.0% change
  • 2020-02-27: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.45$26.06$29.44$28.04$26.06
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV20.2%13.4%44.7%17.5%44.7%
Expected Move5.8%3.8%12.8%5.0%12.8%
HV 20d15.7%12.0%23.6%12.0%23.6%
HV 60d12.9%11.6%16.7%11.6%16.7%
IV Rank43.8%12.8%100.0%12.8%100.0%
IV Percentile52.1%9.1%100.0%57.5%100.0%
Term Structure-0.8%-9.2%6.1%0.4%-7.8%
VWIV29.7%13.4%45.0%13.4%45.0%
Skew 25d4.4%-3.7%25.2%-3.7%25.2%
Skew 10d6.5%-1.3%26.1%-1.0%26.1%
Call IV 25d17.9%11.8%37.0%16.1%37.0%
Put IV 25d22.3%10.6%62.2%12.4%62.2%
Bid-Ask Spread %72.1310.57113.4811.4197.89
Gamma HHI0.460.280.740.400.28
Net GEX50.9K-60.6K219.3K39.3K-53.8K
Net DEX-56.3K-564.2K1.3M-82.2K1.3M
Net VEX-2.1K-3.4K-1.5K-1.8K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio22.380.00151.000.00151.00
Total Volume61.3160431070
Total OI662.5264441,1625721,162

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$28.04$28.0017.5%5.0%12.0%12.8%0.0%-3.7%0.4%39.3K-82.2K-1.8K0.0011.41N/AN/A00396176
2020-02-04$28.51$28.0013.4%3.8%13.6%22.3%0.0%2.8%0.7%54.8K-197.4K-1.9K0.0013.46N/AN/A20396176
2020-02-05$28.86$28.0014.8%4.2%13.8%27.6%0.0%-1.2%0.1%62.7K-308.9K-2.0K0.0010.57N/AN/A00397176
2020-02-06$29.01$28.0013.8%4.2%13.9%24.0%13.4%2.4%0.3%69.9K-371.3K-2.0K0.0075.89N/AN/A140401176
2020-02-07$28.88$28.0015.3%4.5%13.9%29.5%0.0%2.5%0.1%66.1K-322.0K-1.9K0.0072.37N/AN/A10402176
2020-02-10$28.89$28.0015.3%4.3%13.8%29.6%0.0%2.2%0.8%70.9K-316.7K-1.9K0.0070.67N/AN/A30403176
2020-02-11$29.06$28.0014.9%4.2%13.9%27.8%0.0%3.0%0.7%76.6K-393.5K-1.9K0.0068.89N/AN/A00404176
2020-02-12$29.20$28.0014.9%4.3%13.9%28.0%0.0%3.6%0.7%78.8K-443.0K-1.8K0.0057.76N/AN/A210404176
2020-02-13$29.04$28.0015.4%4.4%14.0%29.8%0.0%3.7%0.5%82.4K-392.0K-1.8K0.0065.42N/AN/A00401176
2020-02-14$29.15$28.0015.8%4.5%13.6%31.4%0.0%3.3%-0.3%87.9K-425.4K-1.8K0.0076.48N/AN/A10401176
2020-02-18$29.27$28.0016.2%4.7%13.6%32.9%0.0%4.5%0.3%85.1K-482.6K-1.7K0.0072.12N/AN/A20402176
2020-02-19$29.44$28.0015.5%4.5%12.9%30.3%0.0%3.9%0.5%74.8K-564.2K-1.7K0.0071.78N/AN/A410404176
2020-02-20$29.11$28.0017.2%4.9%13.7%36.4%0.0%4.6%-0.2%100.1K-353.5K-1.6K0.0084.50N/AN/A20379176
2020-02-21$28.99$28.0017.1%4.9%13.8%36.2%16.9%3.6%-0.8%219.3K-300.1K-1.5K0.0093.49N/AN/A160381176
2020-02-24$27.95$28.0026.0%7.5%18.8%69.3%0.0%-0.2%6.1%12.5K-5.9K-1.5K0.00113.48N/AN/A0431273171
2020-02-25$27.06$28.0028.9%8.3%21.6%80.0%28.9%5.8%-3.5%-41.9K765.5K-2.8K117.5097.60N/AN/A2235273573
2020-02-26$27.29$28.0029.9%8.6%21.6%83.7%32.8%5.8%-4.9%-60.6K857.5K-3.2K151.00104.90N/AN/A1151275706
2020-02-27$26.69$28.0036.4%10.4%22.6%100.0%41.1%12.4%-9.2%-57.4K991.3K-3.4K0.00111.83N/AN/A0172276844
2020-02-28$26.06$28.0044.7%12.8%23.6%100.0%45.0%25.2%-7.8%-53.8K1.3M-3.3K0.0097.89N/AN/A070276886