EWP Options History — April 2022

In April 2022, EWP traded between $24.47 and $26.15. ATM implied volatility averaged 27.3%, placing in the 37.8% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 5.6% (HV 20d: 21.7%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 7.65.

Notable Days

  • 2022-04-14: Highest Volume — 2,009 contracts
  • 2022-04-12: Largest IV spike — 31.6% change
  • 2022-04-12: Highest IV Rank — 51.7%
  • 2022-04-26: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.49$24.47$26.15$25.69$24.65
Max Pain$28.50$25.00$30.00$25.00$30.00
ATM IV27.3%23.8%34.0%25.2%28.4%
Expected Move7.6%6.6%8.8%6.8%8.1%
HV 20d21.7%17.6%33.8%33.8%19.1%
HV 60d30.2%29.9%31.2%30.0%31.1%
IV Rank37.8%30.6%51.7%33.4%40.0%
IV Percentile85.2%76.2%95.2%81.7%88.5%
Term Structure-1.4%-3.2%0.8%-1.2%-1.6%
VWIV29.0%25.6%32.0%27.7%28.4%
Skew 25d8.5%3.4%11.3%3.4%6.6%
Skew 10d18.8%6.7%24.8%6.7%17.1%
Call IV 25d22.4%18.4%28.2%24.2%26.1%
Put IV 25d30.8%27.7%33.6%27.7%32.6%
Bid-Ask Spread %76.0446.4299.9280.3384.79
Gamma HHI0.430.180.590.210.59
Net GEX-67.2K-104.7K-11.9K-11.9K-95.1K
Net DEX1.1M100.8K1.8M100.8K1.7M
Net VEX-8.0K-12.2K-1.7K-2.0K-10.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.651.1114.481.981.11
Total Volume1,136.65282,009426287
Total OI1,806.751,0662,6991,0661,954

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$25.69$25.0025.2%6.8%33.8%33.4%27.7%3.4%-1.2%-11.9K100.8K-2.0K1.9880.33N/AN/A143283490576
2022-04-04$25.72$25.0023.8%6.6%31.8%30.6%27.0%9.4%0.3%-17.0K141.4K-2.0K1.9870.49N/AN/A143283490588
2022-04-05$25.72$25.0027.7%7.2%27.6%38.6%28.6%7.7%-1.2%-17.3K134.3K-2.0K1.9846.42N/AN/A143283490588
2022-04-06$25.53$25.0029.0%7.4%22.5%41.4%30.8%10.3%-1.7%-16.8K189.1K-2.0K1.9999.92N/AN/A143284490588
2022-04-07$25.64$25.0028.5%7.7%21.4%40.4%30.6%10.7%-2.1%-17.6K156.3K-1.9K1.9981.73N/AN/A143284490588
2022-04-08$25.80$25.0030.2%7.7%21.0%43.8%28.7%11.3%-2.7%-16.8K105.6K-1.8K2.1386.24N/AN/A143304490588
2022-04-11$25.65$30.0025.9%8.0%20.6%34.8%30.6%10.9%-3.2%-16.4K182.5K-1.7K12.6081.65N/AN/A1461,839490609
2022-04-12$25.41$30.0034.0%8.6%20.7%51.7%32.0%8.2%-2.8%-88.6K1.7M-12.2K12.2370.72N/AN/A1501,8354952,199
2022-04-13$25.76$30.0025.9%7.4%20.3%35.0%30.3%10.0%-3.1%-94.0K1.5M-11.9K12.1561.88N/AN/A1511,8354992,199
2022-04-14$25.84$30.0026.1%7.5%20.0%35.3%29.0%9.1%-2.2%-90.3K1.5M-11.8K12.3063.03N/AN/A1511,8585002,199
2022-04-18$25.70$30.0025.9%7.4%20.1%35.0%28.6%7.1%-0.2%-89.2K1.5M-11.7K14.0298.02N/AN/A1221,7101461,933
2022-04-19$25.90$30.0024.4%7.0%19.7%31.8%27.7%8.5%0.8%-91.2K1.4M-11.6K14.0262.67N/AN/A1221,7101471,949
2022-04-20$26.15$30.0024.2%6.9%19.3%31.5%29.4%9.6%0.6%-93.8K1.3M-11.3K14.4846.83N/AN/A1221,7661471,959
2022-04-21$25.80$30.0024.8%7.1%17.6%32.6%28.9%7.6%0.6%-100.6K1.5M-11.7K14.4873.47N/AN/A1221,7661472,034
2022-04-22$25.55$30.0026.1%7.5%18.1%35.2%30.7%7.6%-0.7%-97.2K1.6M-11.5K14.1365.33N/AN/A1261,7811471,994
2022-04-25$25.57$30.0026.6%7.6%18.1%36.4%28.5%11.0%-2.8%-104.7K1.6M-11.4K14.2598.23N/AN/A1261,7961511,975
2022-04-26$24.55$30.0030.8%8.8%23.2%45.0%29.6%5.4%-2.8%-91.3K1.7M-10.3K1.4071.84N/AN/A1261771511,775
2022-04-27$24.47$30.0030.8%8.8%18.9%45.0%25.6%7.0%-1.1%-96.0K1.8M-10.3K2.5092.22N/AN/A8201511,783
2022-04-28$24.79$30.0028.0%8.0%19.7%39.2%27.5%8.0%-1.9%-97.4K1.7M-10.3K1.2584.98N/AN/A1341681591,787
2022-04-29$24.65$30.0028.4%8.1%19.1%40.0%28.4%6.6%-1.6%-95.1K1.7M-10.3K1.1184.79N/AN/A1361511591,795