EWP Options History — February 2022

In February 2022, EWP traded between $25.27 and $27.36. ATM implied volatility averaged 24.6%, placing in the 69.9% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 6.9% (HV 20d: 17.7%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 3.16.

Notable Days

  • 2022-02-18: Highest Volume — 638 contracts
  • 2022-02-11: Largest IV spike — 28.1% change
  • 2022-02-24: Highest IV Rank — 100.0%
  • 2022-02-24: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.48$25.27$27.36$26.76$25.55
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV24.6%18.4%32.7%19.5%32.5%
Expected Move7.1%5.3%9.4%5.6%9.3%
HV 20d17.7%11.9%25.6%12.7%25.6%
HV 60d17.7%16.4%19.3%16.5%19.3%
IV Rank69.9%42.9%100.0%48.1%99.2%
IV Percentile86.1%56.7%100.0%68.7%99.6%
Term Structure-0.6%-3.3%1.4%-1.3%-1.1%
VWIV28.9%15.5%39.8%18.8%39.8%
Skew 25d9.4%5.3%16.0%7.6%13.3%
Skew 10d17.9%2.9%33.1%7.6%33.1%
Call IV 25d20.2%14.7%30.7%17.7%30.7%
Put IV 25d29.7%22.1%44.0%25.4%44.0%
Bid-Ask Spread %91.6243.48109.89100.4596.31
Gamma HHI0.280.150.490.270.28
Net GEX5.4K-6.4K15.4K8.7K-2.3K
Net DEX-15.6K-239.9K209.9K-91.9K176.9K
Net VEX-1.4K-2.1K-941-1.2K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.161.094.163.423.02
Total Volume441.316338638358491
Total OI682.368559915559806

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$26.76$26.0019.5%5.6%12.7%48.1%18.8%7.6%-1.3%8.7K-91.9K-1.2K3.42100.45N/AN/A81277198361
2022-02-02$26.87$26.0018.4%5.3%12.7%42.9%15.5%6.3%0.1%10.4K-116.9K-1.2K3.3899.93N/AN/A81274199381
2022-02-03$26.88$26.0021.6%6.2%12.2%57.6%28.8%8.9%0.2%9.5K-131.8K-1.2K3.17100.56N/AN/A81257199381
2022-02-04$26.97$26.0020.5%6.1%11.9%52.7%27.5%8.5%1.4%9.8K-135.1K-1.1K3.2585.24N/AN/A81263199382
2022-02-07$26.58$26.0019.5%5.9%12.8%48.0%27.4%9.5%0.8%8.7K-75.4K-1.1K3.2043.48N/AN/A81259199388
2022-02-08$26.91$26.0019.6%5.9%13.5%48.2%27.2%9.3%0.7%12.2K-133.6K-1.0K3.2092.67N/AN/A81259200389
2022-02-09$27.36$26.0020.9%6.0%14.4%54.4%27.7%8.4%0.4%15.4K-239.9K-9413.1798.78N/AN/A82260200389
2022-02-10$27.31$26.0021.9%6.3%14.4%58.7%23.4%11.3%0.8%14.9K-228.6K-9834.1689.97N/AN/A82341201393
2022-02-11$26.44$26.0028.0%8.0%18.5%86.6%27.7%8.3%-3.3%-1.8K67.5K-1.5K3.7293.65N/AN/A93346201475
2022-02-14$26.14$26.0027.6%7.9%18.6%84.5%31.2%8.9%-1.5%-6.4K158.6K-1.4K3.7284.28N/AN/A93346214475
2022-02-15$26.73$26.0023.3%6.7%19.8%65.2%29.2%8.4%-1.4%4.1K4.9K-1.3K3.7570.05N/AN/A93349214475
2022-02-16$26.93$26.0022.3%6.4%20.0%60.4%30.0%8.3%-0.7%9.9K-73.6K-1.3K3.6494.87N/AN/A96349214470
2022-02-17$26.50$26.0026.3%7.5%20.6%78.8%31.7%7.4%-0.0%-3.9K-1.6K-1.4K1.2398.01N/AN/A285350231470
2022-02-18$26.31$26.0028.2%8.1%20.6%87.6%32.7%13.9%-1.3%14.2K-49.2K-2.0K1.2291.86N/AN/A288350444471
2022-02-22$25.96$26.0028.2%8.1%20.8%87.5%33.8%11.4%-1.7%7.1K93.8K-1.8K1.0997.86N/AN/A294321332379
2022-02-23$25.59$26.0028.0%8.0%21.4%86.5%32.3%8.0%-0.4%-1.3K161.3K-2.1K3.8987.35N/AN/A95370352453
2022-02-24$25.27$26.0032.7%9.4%21.8%100.0%32.5%16.0%-2.7%-5.6K209.9K-1.9K3.92109.89N/AN/A95372362453
2022-02-25$26.08$26.0028.3%8.1%24.6%81.2%31.7%5.3%-1.1%-1.9K108.0K-2.0K3.84105.59N/AN/A97372362453
2022-02-28$25.55$26.0032.5%9.3%25.6%99.2%39.8%13.3%-1.1%-2.3K176.9K-2.0K3.0296.31N/AN/A122369353453