EWP Options History — August 2021

In August 2021, EWP traded between $27.88 and $28.55. ATM implied volatility averaged 15.3%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 0.0% (HV 20d: 15.4%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 19.30.

Notable Days

  • 2021-08-09: Highest Volume — 1,092 contracts
  • 2021-08-16: Largest IV spike — 22.2% change
  • 2021-08-19: Highest IV Rank — 27.8%
  • 2021-08-19: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.21$27.88$28.55$27.95$28.14
Max Pain$28.86$28.00$29.00$28.00$29.00
ATM IV15.3%12.9%17.8%15.6%14.3%
Expected Move4.5%3.7%5.1%4.5%4.1%
HV 20d15.4%11.8%21.4%21.3%11.8%
HV 60d16.6%16.1%17.5%17.5%16.7%
IV Rank20.2%12.4%27.8%20.9%16.9%
IV Percentile10.5%1.2%29.0%8.7%4.8%
Term Structure1.6%0.3%2.4%1.3%1.7%
VWIV15.8%11.8%20.4%14.3%14.1%
Skew 25d6.4%3.8%9.3%8.2%7.4%
Skew 10d8.9%2.8%15.3%6.3%7.2%
Call IV 25d12.4%9.4%15.3%11.1%10.0%
Put IV 25d18.7%16.9%22.1%19.4%17.4%
Bid-Ask Spread %25.279.9791.5513.529.97
Gamma HHI0.310.250.400.280.35
Net GEX49.0K-89.9K150.2K129.8K-8.7K
Net DEX-884.6K-1.8M843.1K-1.4M-247.6K
Net VEX-20.2K-26.7K-14.3K-26.5K-14.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio19.300.00122.8016.4312.60
Total Volume198.22771,09212268
Total OI6,438.6365,1787,4337,2405,178

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$27.95$28.0015.6%4.5%21.3%20.9%14.3%8.2%1.3%129.8K-1.4M-26.5K16.4313.52N/AN/A71154,7882,452
2021-08-03$28.16$28.0015.3%4.4%21.4%20.0%12.7%9.3%1.9%150.2K-1.8M-26.3K16.3010.44N/AN/A101634,7882,476
2021-08-04$28.01$28.0016.5%4.7%21.4%23.9%15.3%8.2%1.1%121.0K-1.3M-26.7K0.0010.09N/AN/A0564,7952,564
2021-08-05$28.11$29.0015.3%4.8%20.2%20.0%16.7%7.0%1.4%137.7K-1.6M-26.3K59.0016.47N/AN/A21184,8042,562
2021-08-06$28.13$29.0014.5%4.7%18.9%17.6%13.6%6.6%1.7%142.2K-1.7M-25.7K0.1119.77N/AN/A540584,8042,554
2021-08-09$28.06$29.0014.1%4.5%18.8%16.2%15.9%6.2%1.9%122.2K-1.4M-24.7K0.0579.35N/AN/A1,037554,8052,628
2021-08-10$28.12$29.0013.3%4.2%17.4%13.6%15.6%5.8%2.1%81.1K-977.0K-22.7K2.0018.95N/AN/A11224,5262,635
2021-08-11$28.44$29.0015.7%4.5%17.8%21.2%14.8%6.7%1.3%50.4K-1.1M-20.3K3.8813.48N/AN/A24933,9552,620
2021-08-12$28.40$29.0015.6%4.5%16.1%21.0%19.0%6.3%1.6%48.4K-1.0M-19.9K7.9312.14N/AN/A151193,9542,634
2021-08-13$28.55$29.0012.9%3.7%15.9%12.4%16.7%6.1%2.2%58.6K-1.4M-20.0K68.6712.66N/AN/A64123,9782,668
2021-08-16$28.31$29.0015.7%4.5%13.5%21.4%12.8%5.4%1.4%65.0K-1.1M-20.2K5.0091.55N/AN/A5253,9932,600
2021-08-17$27.88$29.0016.1%4.6%14.8%22.4%15.7%8.6%1.0%-89.9K843.1K-19.0K5.8219.91N/AN/A492853,9922,882
2021-08-18$28.18$29.0016.6%4.7%12.2%24.0%19.2%5.6%1.2%-22.6K-239.9K-18.6K15.2065.30N/AN/A5763,9922,883
2021-08-19$28.11$29.0017.8%5.1%12.3%27.8%20.4%6.8%0.3%3.3K-189.5K-18.8K1.7018.46N/AN/A33564,0002,749
2021-08-20$28.23$29.0016.2%4.7%12.1%23.0%18.4%5.1%2.4%360-810.9K-17.7K122.8021.09N/AN/A56144,0042,692
2021-08-23$28.41$29.0015.9%4.6%11.9%22.0%14.2%4.0%1.9%-6.3K-805.5K-17.4K1.9130.41N/AN/A22423,4902,063
2021-08-24$28.36$29.0015.7%4.5%11.8%21.3%0.0%3.8%1.6%30.7K-828.7K-16.8K0.0016.21N/AN/A1703,4901,705
2021-08-25$28.45$29.0015.5%4.5%11.8%20.8%11.8%5.2%2.2%49.2K-985.4K-16.7K48.0012.21N/AN/A1483,5121,725
2021-08-26$28.06$29.0015.8%4.5%12.6%21.7%17.1%4.3%1.1%728-271.0K-15.7K3.1311.26N/AN/A8253,5211,725
2021-08-27$28.35$29.0014.8%4.3%12.1%18.6%19.0%5.0%1.8%21.3K-682.4K-15.8K8.7315.24N/AN/A11963,5201,715
2021-08-30$28.15$29.0014.3%4.1%12.1%16.9%14.1%8.6%2.1%-6.8K-302.2K-14.6K6.0037.41N/AN/A163,5211,708
2021-08-31$28.14$29.0014.3%4.1%11.8%16.9%14.1%7.4%1.7%-8.7K-247.6K-14.3K12.609.97N/AN/A5633,5241,654