EWP Options History — May 2022

In May 2022, EWP traded between $23.51 and $26.53. ATM implied volatility averaged 28.2%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 2.3% (HV 20d: 25.9%). Max pain ranged from $26.00 to $30.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.16.

Notable Days

  • 2022-05-20: Highest Volume — 889 contracts
  • 2022-05-18: Largest IV spike — 24.8% change
  • 2022-05-10: Highest IV Rank — 57.3%
  • 2022-05-02: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.87$23.51$26.53$24.44$26.29
Max Pain$26.57$26.00$30.00$30.00$26.00
ATM IV28.2%20.5%36.8%32.9%24.8%
Expected Move7.9%5.9%9.4%9.4%7.1%
HV 20d25.9%19.0%30.2%19.0%26.4%
HV 60d31.2%27.1%32.2%31.1%27.1%
IV Rank39.7%23.7%57.3%49.3%32.6%
IV Percentile80.5%54.0%95.6%94.8%67.9%
Term Structure-1.8%-5.6%1.1%-0.4%-3.3%
VWIV28.2%24.4%31.6%28.8%24.8%
Skew 25d8.1%3.1%11.7%8.5%3.1%
Skew 10d16.7%7.5%29.9%13.9%17.8%
Call IV 25d23.3%17.5%28.1%28.0%22.0%
Put IV 25d31.4%24.5%37.4%36.5%25.0%
Bid-Ask Spread %90.4853.91108.4984.5397.18
Gamma HHI0.540.430.600.600.55
Net GEX-127.1K-154.3K-96.0K-98.6K-137.8K
Net DEX1.8M1.1M2.3M1.8M1.2M
Net VEX-10.3K-11.2K-9.4K-10.2K-9.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.161.225.681.221.87
Total Volume418.952302889302362
Total OI2,282.4291,9612,6161,9612,599

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$24.44$30.0032.9%9.4%19.0%49.3%28.8%8.5%-0.4%-98.6K1.8M-10.2K1.2284.53N/AN/A1361661611,800
2022-05-03$24.80$30.0029.5%8.5%19.9%42.4%30.0%6.8%-1.5%-96.0K1.7M-10.2K1.4886.94N/AN/A1352001611,805
2022-05-04$25.28$30.0027.5%7.9%21.2%38.2%26.9%9.3%-1.5%-102.5K1.5M-10.2K1.7589.91N/AN/A1352361621,855
2022-05-05$24.37$26.0033.0%8.8%24.7%49.6%30.5%9.6%-3.1%-106.0K1.9M-10.4K1.6489.21N/AN/A1352211621,904
2022-05-06$24.28$26.0030.6%8.2%24.6%44.7%29.3%9.4%-0.7%-109.7K2.0M-10.4K2.0190.39N/AN/A1352711621,907
2022-05-09$23.72$26.0035.8%8.7%25.4%55.2%31.6%8.3%-1.4%-111.4K2.2M-10.2K2.0487.12N/AN/A1402861621,953
2022-05-10$23.78$26.0036.8%8.7%25.5%57.3%29.9%7.2%-1.1%-114.7K2.3M-10.1K2.0384.85N/AN/A1402841661,960
2022-05-11$23.92$26.0030.9%8.9%25.6%45.2%31.0%7.3%-1.2%-117.0K2.2M-10.2K1.8087.94N/AN/A1512721661,977
2022-05-12$23.51$26.0030.1%8.6%25.3%43.5%29.5%11.7%1.1%-97.4K2.2M-10.2K1.8392.90N/AN/A1372511801,991
2022-05-13$24.08$26.0026.5%7.6%27.1%36.3%26.3%8.2%-1.8%-138.0K2.2M-10.2K2.2888.54N/AN/A1373131801,999
2022-05-16$24.22$26.0027.6%7.9%27.3%38.4%28.3%9.7%-2.6%-146.1K2.1M-10.4K2.1594.77N/AN/A1372951802,074
2022-05-17$24.80$26.0024.5%7.0%28.7%32.0%26.4%7.7%-1.8%-146.3K1.9M-10.3K2.2890.50N/AN/A1333031802,119
2022-05-18$24.46$26.0030.6%8.8%28.6%44.6%27.0%5.3%-5.6%-139.1K2.0M-10.5K2.5091.90N/AN/A1333331822,125
2022-05-19$24.77$26.0026.1%7.5%28.9%35.4%28.6%9.2%-2.5%-141.1K2.0M-10.6K2.5396.48N/AN/A1333361822,170
2022-05-20$24.92$26.0026.1%7.5%28.9%35.2%28.5%8.9%-1.1%-138.1K1.9M-10.4K5.68108.49N/AN/A1337561822,190
2022-05-23$25.51$26.0022.8%6.5%30.2%28.5%28.4%11.2%-0.3%-154.3K1.7M-11.2K2.31102.36N/AN/A1212791612,381
2022-05-24$25.97$26.0025.0%7.2%26.7%33.1%28.6%7.6%-1.8%-152.0K1.5M-10.6K2.1653.91N/AN/A1232661632,412
2022-05-25$26.13$26.0025.6%7.3%26.6%34.3%27.4%7.1%-3.4%-141.3K1.4M-10.6K1.9295.93N/AN/A1232361732,426
2022-05-26$26.42$26.0025.1%7.2%26.5%33.2%26.2%7.0%-3.8%-143.2K1.2M-9.6K1.8991.74N/AN/A1232331732,430
2022-05-27$26.53$26.0020.5%5.9%26.3%23.7%24.4%7.1%0.1%-137.8K1.1M-9.7K1.9294.40N/AN/A1232361732,443
2022-05-31$26.29$26.0024.8%7.1%26.4%32.6%24.8%3.1%-3.3%-137.8K1.2M-9.4K1.8797.18N/AN/A1262361762,423