EWP Options History — May 2021

In May 2021, EWP traded between $28.95 and $30.78. ATM implied volatility averaged 18.2%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 2.1% (HV 20d: 16.1%). Max pain ranged from $27.00 to $30.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.73.

Notable Days

  • 2021-05-14: Highest Volume — 135 contracts
  • 2021-05-19: Largest IV spike — 27.4% change
  • 2021-05-19: Highest IV Rank — 36.6%
  • 2021-05-19: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.10$28.95$30.78$29.22$30.78
Max Pain$28.50$27.00$30.00$29.00$30.00
ATM IV18.2%14.5%22.4%18.6%14.5%
Expected Move5.3%4.2%6.4%5.3%4.2%
HV 20d16.1%14.3%18.1%14.5%15.6%
HV 60d13.9%12.9%14.5%13.1%13.8%
IV Rank22.2%9.5%36.6%23.5%9.5%
IV Percentile12.3%1.2%34.1%11.9%1.2%
Term Structure-0.2%-2.4%1.6%1.2%1.6%
VWIV19.2%14.1%26.7%22.2%14.1%
Skew 25d7.3%5.1%12.0%6.7%7.6%
Skew 10d15.1%1.8%33.9%1.8%13.7%
Call IV 25d14.9%11.7%19.0%14.3%11.7%
Put IV 25d22.2%19.3%26.9%21.0%19.3%
Bid-Ask Spread %61.2917.54103.3386.1538.23
Gamma HHI0.180.150.210.150.21
Net GEX25.7K-31.2K70.0K9670.0K
Net DEX893.8K593.5K1.3M1.3M596.0K
Net VEX-7.0K-8.7K-6.3K-6.9K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.730.0028.000.670.00
Total Volume560135538
Total OI3,556.23,4063,6243,5983,583

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$29.22$29.0018.6%5.3%14.5%23.5%22.2%6.7%1.2%961.3M-6.9K0.6786.15N/AN/A321,1492,449
2021-05-04$28.95$29.0020.0%5.7%14.3%28.4%26.7%12.0%0.8%-31.2K1.3M-8.7K0.0564.87N/AN/A8741,1522,451
2021-05-05$29.34$29.0020.3%5.8%14.9%29.4%0.0%5.7%-0.5%-11.2K1.3M-7.5K0.0071.78N/AN/A001,1062,452
2021-05-06$29.54$27.0015.5%5.1%14.9%12.8%17.7%9.2%-0.8%22.3K1.1M-6.9K2.6282.24N/AN/A21551,1062,452
2021-05-07$30.11$27.0015.8%5.1%15.6%14.0%14.5%6.4%-1.1%41.7K748.3K-7.4K0.0032.48N/AN/A12201,1272,497
2021-05-10$30.04$27.0016.8%5.3%15.4%17.3%0.0%5.1%0.3%40.6K1.0M-7.1K28.0081.09N/AN/A1281,0852,497
2021-05-11$29.71$27.0020.1%5.9%16.3%28.6%0.0%7.5%-0.0%28.6K1.1M-7.4K0.0086.42N/AN/A201,0852,494
2021-05-12$29.51$27.0020.0%5.7%16.7%28.3%22.6%5.3%-0.6%22.1K1.2M-7.2K0.0435.60N/AN/A6931,0872,494
2021-05-13$29.70$27.0020.5%5.9%16.7%30.2%20.9%5.6%-2.4%23.9K1.0M-6.9K0.1378.69N/AN/A1521,1162,497
2021-05-14$30.39$27.0018.1%5.2%18.1%21.8%15.9%5.7%0.4%51.5K593.5K-6.9K0.00103.33N/AN/A13501,1152,499
2021-05-17$30.37$27.0019.5%5.6%17.8%26.7%0.0%7.0%-1.3%31.4K736.7K-6.3K0.0036.67N/AN/A1901,0392,499
2021-05-18$30.55$27.0017.5%5.0%15.2%19.9%20.6%9.8%1.2%39.3K630.5K-7.1K0.2498.92N/AN/A84201,0562,499
2021-05-19$30.12$30.0022.4%6.4%16.6%36.6%0.0%8.2%-0.9%11.9K1.0M-6.7K0.0046.63N/AN/A3409792,519
2021-05-20$30.40$30.0021.0%6.0%16.7%31.8%0.0%7.8%-2.1%20.1K797.9K-6.9K0.0585.37N/AN/A9451,0132,519
2021-05-21$30.60$30.0018.5%5.3%16.7%23.2%0.0%8.9%-0.6%22.5K749.3K-6.6K0.0097.02N/AN/A3001,0262,524
2021-05-24$30.70$30.0017.2%4.9%16.7%18.8%22.3%7.5%0.6%28.1K742.1K-6.5K0.5631.25N/AN/A41239992,407
2021-05-25$30.78$30.0017.2%4.9%16.4%18.8%16.8%7.9%-0.3%32.7K596.0K-6.9K0.3917.54N/AN/A28111,0452,430
2021-05-26$30.63$30.0015.8%4.5%16.6%14.1%16.4%6.2%0.1%32.9K722.5K-6.5K0.0821.67N/AN/A119101,0632,441
2021-05-27$30.62$30.0015.0%4.3%16.6%11.0%0.0%6.8%0.3%36.9K702.8K-6.9K0.0029.82N/AN/A1501,1222,451
2021-05-28$30.78$30.0014.5%4.2%15.6%9.5%14.1%7.6%1.6%70.0K596.0K-6.5K0.0038.23N/AN/A3801,1322,451