EWP Options History — April 2021

In April 2021, EWP traded between $27.56 and $29.19. ATM implied volatility averaged 16.3%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 3.2% (HV 20d: 13.1%). Max pain ranged from $26.00 to $29.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 3.40.

Notable Days

  • 2021-04-13: Highest Volume — 567 contracts
  • 2021-04-13: Largest IV spike — 52.2% change
  • 2021-04-30: Highest IV Rank — 21.1%
  • 2021-04-20: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.19$27.56$29.19$27.56$28.81
Max Pain$26.76$26.00$29.00$27.00$29.00
ATM IV16.3%11.8%18.6%12.1%17.9%
Expected Move4.8%3.5%5.3%3.5%5.1%
HV 20d13.1%10.6%15.2%10.6%15.2%
HV 60d14.8%12.6%16.4%16.4%12.8%
IV Rank10.1%0.0%21.1%0.0%21.1%
IV Percentile3.3%0.0%8.7%0.0%7.9%
Term Structure1.5%0.5%2.5%2.2%1.5%
VWIV18.6%12.5%24.4%18.8%12.5%
Skew 25d5.9%3.0%10.1%4.6%9.0%
Skew 10d11.2%5.6%17.0%6.0%11.7%
Call IV 25d14.3%10.3%17.0%13.8%12.5%
Put IV 25d20.1%16.7%22.3%18.4%21.5%
Bid-Ask Spread %56.3112.26100.1537.0612.26
Gamma HHI0.190.150.240.180.16
Net GEX-66.4K-103.5K-10.7K-101.8K-31.5K
Net DEX1.9M1.3M2.3M2.3M1.4M
Net VEX-7.8K-10.0K-5.5K-10.0K-7.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.400.0029.000.220.00
Total Volume52.3331567131
Total OI4,023.4293,3354,6164,6163,597

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$27.56$27.0012.1%3.5%10.6%0.0%18.8%4.6%2.2%-101.8K2.3M-10.0K0.0037.06N/AN/A0131,5873,029
2021-04-05$28.11$26.0015.9%4.9%12.4%7.0%0.0%6.3%2.0%-37.5K1.9M-9.2K0.0094.12N/AN/A0321,5873,029
2021-04-06$27.80$26.0018.4%5.2%13.1%11.5%0.0%5.0%0.5%-63.9K2.1M-9.7K0.0034.85N/AN/A011,5883,000
2021-04-07$27.87$26.0016.7%5.1%12.6%8.4%0.0%4.8%1.3%-63.9K2.0M-9.5K0.0035.57N/AN/A0201,5883,000
2021-04-08$28.03$26.0015.3%4.9%12.6%5.9%0.0%4.4%2.0%-66.4K1.8M-8.2K0.2236.07N/AN/A45101,5882,970
2021-04-09$27.86$26.0014.3%4.8%12.4%4.0%0.0%5.3%1.3%-86.9K2.2M-8.5K0.0059.30N/AN/A0211,5072,965
2021-04-12$27.71$26.0011.8%5.0%12.3%0.0%0.0%4.9%0.9%-90.1K2.2M-8.8K0.0079.27N/AN/A011,5172,964
2021-04-13$27.83$26.0017.9%4.8%12.3%11.2%21.1%5.5%1.2%-97.2K2.1M-8.1K1.5189.47N/AN/A2263411,5172,965
2021-04-14$27.95$26.0016.8%4.8%12.4%9.1%0.0%4.9%1.6%-81.8K2.1M-7.9K0.0047.94N/AN/A071,5172,977
2021-04-15$27.95$26.0015.6%4.5%12.4%9.4%15.4%8.0%1.6%-89.2K2.0M-7.2K0.0096.43N/AN/A2701,5172,974
2021-04-16$28.09$26.0015.4%4.4%12.1%9.0%24.3%3.0%1.5%-87.5K1.9M-7.4K0.00100.15N/AN/A011,5202,974
2021-04-19$28.47$26.0017.9%5.1%12.9%15.0%0.0%6.4%0.8%-45.9K2.0M-7.2K29.0024.67N/AN/A1291,0002,335
2021-04-20$27.86$26.0018.6%5.3%13.9%16.7%24.4%5.3%0.9%-75.6K2.2M-7.6K1.8735.99N/AN/A15281,0002,357
2021-04-21$28.03$26.0017.0%4.9%13.8%12.7%0.0%10.1%2.5%-103.5K2.1M-5.5K0.0042.79N/AN/A039982,383
2021-04-22$28.20$26.0018.0%5.2%13.9%15.3%0.0%5.4%1.6%-62.5K2.1M-7.4K0.0042.38N/AN/A0309982,385
2021-04-23$28.30$26.0017.3%5.0%13.9%13.6%13.5%5.7%1.1%-72.0K2.0M-6.7K0.0045.07N/AN/A0199982,415
2021-04-26$28.52$29.0015.4%4.4%13.8%8.8%0.0%5.3%1.0%-62.2K2.0M-6.4K0.0083.67N/AN/A13609982,423
2021-04-27$28.85$29.0015.4%4.4%14.2%8.8%17.1%6.7%1.8%-36.4K1.6M-6.7K1.2983.45N/AN/A17221,1222,423
2021-04-28$29.05$29.0016.3%4.7%14.3%11.0%20.1%7.4%1.9%-27.0K1.5M-7.5K0.0945.98N/AN/A4441,1332,445
2021-04-29$29.19$29.0017.3%5.0%14.2%13.7%0.0%5.1%1.5%-10.7K1.3M-7.4K0.0056.02N/AN/A501,1532,449
2021-04-30$28.81$29.0017.9%5.1%15.2%21.1%12.5%9.0%1.5%-31.5K1.4M-7.7K0.0012.26N/AN/A101,1482,449