EWP Options History — January 2022

In January 2022, EWP traded between $26.02 and $27.22. ATM implied volatility averaged 20.1%, placing in the 50.8% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 7.4% (HV 20d: 12.7%). Max pain ranged from $26.00 to $28.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.44.

Notable Days

  • 2022-01-04: Highest Volume — 838 contracts
  • 2022-01-07: Largest IV spike — 43.4% change
  • 2022-01-26: Highest IV Rank — 87.8%
  • 2022-01-26: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.57$26.02$27.22$26.57$26.35
Max Pain$26.45$26.00$28.00$28.00$26.00
ATM IV20.1%10.7%28.3%15.0%25.8%
Expected Move6.0%4.3%8.1%4.3%7.4%
HV 20d12.7%10.7%17.8%17.8%11.7%
HV 60d16.7%16.3%17.0%16.8%16.4%
IV Rank50.8%7.9%87.8%27.3%76.6%
IV Percentile56.9%0.4%97.6%9.1%94.8%
Term Structure0.5%-4.5%3.1%1.8%-2.1%
VWIV20.8%16.4%30.7%16.4%21.1%
Skew 25d8.3%2.8%12.6%3.4%9.9%
Skew 10d13.3%1.7%25.9%2.6%17.9%
Call IV 25d16.7%11.8%23.2%13.8%18.2%
Put IV 25d25.0%17.0%35.8%17.3%28.1%
Bid-Ask Spread %67.5925.72107.83100.6483.88
Gamma HHI0.490.180.830.810.21
Net GEX-52.9K-135.6K4.6K-124.2K4.0K
Net DEX239.4K-11.9K629.0K629.0K-11.9K
Net VEX-1.5K-2.4K-1.2K-2.4K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.892.881.322.88
Total Volume460.45313838509349
Total OI1,772.154002,5662,544554

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-01-03$26.57$28.0015.0%4.3%17.8%27.3%16.4%3.4%1.8%-124.2K629.0K-2.4K1.32100.64N/AN/A2192901,690854
2022-01-04$26.57$28.0014.9%4.3%15.8%27.2%17.4%3.0%2.1%-135.6K618.2K-2.4K2.8348.89N/AN/A2196191,690876
2022-01-05$26.34$28.0017.0%4.9%16.1%36.4%17.2%2.8%3.0%-88.6K465.7K-1.8K1.5328.84N/AN/A2193361,690633
2022-01-06$26.59$26.0010.7%4.7%16.3%7.9%18.9%9.0%2.6%-74.5K435.2K-1.8K1.3799.89N/AN/A2193011,690606
2022-01-07$26.78$26.0015.3%4.9%14.3%29.0%17.1%10.3%2.2%-71.9K356.6K-1.7K1.0529.81N/AN/A2192301,690598
2022-01-10$26.76$26.0014.3%5.2%14.4%24.2%18.4%11.7%1.8%-75.1K333.5K-1.5K1.05107.83N/AN/A2192301,692556
2022-01-11$27.02$26.0017.3%5.3%10.7%38.1%18.5%6.9%1.5%-56.1K223.5K-1.5K0.9592.08N/AN/A2412301,692556
2022-01-12$27.09$26.0018.1%5.2%10.7%41.5%18.3%8.0%1.4%-62.9K141.2K-1.4K0.9225.72N/AN/A2512301,708556
2022-01-13$27.04$26.0018.3%5.2%10.9%42.4%17.0%7.0%2.0%-41.8K129.1K-1.5K1.0171.91N/AN/A2282301,716556
2022-01-14$27.22$26.0018.9%5.4%10.9%45.1%18.3%8.8%1.3%-46.0K109.5K-1.4K0.9432.02N/AN/A2422271,723556
2022-01-18$26.80$26.0019.4%5.6%11.8%47.6%18.8%5.0%3.1%-62.6K254.1K-1.3K0.8942.21N/AN/A2562271,708556
2022-01-19$26.76$26.0019.3%5.5%12.0%46.8%16.7%10.8%1.9%-64.1K244.0K-1.3K0.9731.97N/AN/A2352291,720556
2022-01-20$26.57$27.0017.9%5.1%11.9%40.7%18.3%5.9%0.9%-73.9K332.1K-1.2K0.9927.47N/AN/A2312291,722558
2022-01-21$26.34$27.0024.9%7.2%11.7%72.7%19.3%11.4%-1.3%-91.9K415.7K-1.2K1.0853.47N/AN/A2312501,722558
2022-01-24$26.07$27.0026.5%7.6%11.8%79.9%29.0%12.6%-3.6%-5.0K94.2K-1.2K1.2596.79N/AN/A139174148252
2022-01-25$26.11$26.0028.1%8.0%11.4%86.8%29.3%11.6%-4.5%3.8K-3.9K-1.4K1.25104.51N/AN/A139174208264
2022-01-26$26.02$26.0028.3%8.1%11.1%87.8%28.9%10.2%-1.6%4.6K10.3K-1.4K1.8696.85N/AN/A139258208264
2022-01-27$26.22$26.0027.2%7.8%11.4%82.7%27.2%9.9%-1.8%3.3K-5.3K-1.5K1.7280.77N/AN/A149256208355
2022-01-28$26.16$26.0025.4%7.3%11.4%74.6%30.7%8.7%-0.2%1.1K17.8K-1.4K2.8396.15N/AN/A90255199355
2022-01-31$26.35$26.0025.8%7.4%11.7%76.6%21.1%9.9%-2.1%4.0K-11.9K-1.3K2.8883.88N/AN/A90259198356