EWP Options History — July 2022

In July 2022, EWP traded between $21.44 and $23.65. ATM implied volatility averaged 29.6%, placing in the 40.5% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 1.5% (HV 20d: 28.1%). Max pain ranged from $22.00 to $26.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.17.

Notable Days

  • 2022-07-18: Highest Volume — 1,311 contracts
  • 2022-07-11: Largest IV spike — 38.8% change
  • 2022-07-12: Highest IV Rank — 53.0%
  • 2022-07-14: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.37$21.44$23.65$23.65$22.91
Max Pain$22.95$22.00$26.00$26.00$22.00
ATM IV29.6%24.3%35.5%24.3%25.0%
Expected Move8.3%7.0%9.5%7.0%7.2%
HV 20d28.1%22.9%31.4%29.0%30.5%
HV 60d27.6%25.6%29.0%25.6%28.5%
IV Rank40.5%29.1%53.0%29.1%30.5%
IV Percentile80.7%56.3%94.8%59.9%56.3%
Term Structure-0.4%-2.1%1.9%1.9%0.2%
VWIV30.3%23.7%35.4%30.6%23.7%
Skew 25d8.3%5.9%10.8%9.7%7.2%
Skew 10d18.4%10.2%30.0%16.6%10.2%
Call IV 25d25.5%19.5%27.7%19.5%21.1%
Put IV 25d33.8%28.3%37.2%29.2%28.3%
Bid-Ask Spread %68.2223.1079.0376.4378.91
Gamma HHI0.450.340.550.550.37
Net GEX-360.1K-603.3K-267.0K-603.3K-314.3K
Net DEX12.8M10.6M15.0M11.9M10.6M
Net VEX-31.6K-44.6K-22.1K-44.6K-32.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.422.920.912.16
Total Volume694.23921,311562398
Total OI9,856.49,10110,6349,56410,524

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-07-01$23.65$26.0024.3%7.0%29.0%29.1%30.6%9.7%1.9%-603.3K11.9M-44.6K0.9176.43N/AN/A2942686618,903
2022-07-05$22.75$24.0030.7%8.5%31.4%42.8%35.4%10.8%-0.7%-490.1K13.8M-37.3K1.1973.30N/AN/A3364017038,885
2022-07-06$22.37$24.0032.6%8.7%31.1%46.7%33.9%9.2%-0.1%-428.2K14.0M-33.6K0.9123.10N/AN/A3363067068,703
2022-07-07$22.61$24.0027.1%7.9%31.3%35.0%34.6%8.9%-0.3%-458.6K13.5M-35.9K0.7463.00N/AN/A3372487068,612
2022-07-08$22.61$24.0025.4%7.8%31.4%31.3%34.6%9.1%0.3%-451.6K13.5M-35.7K0.7862.49N/AN/A3372627078,670
2022-07-11$22.28$24.0035.2%8.6%28.4%52.3%33.8%7.9%-1.0%-411.6K14.0M-32.9K0.6362.04N/AN/A3372117078,666
2022-07-12$21.86$24.0035.5%8.7%26.1%53.0%33.8%7.3%0.2%-364.3K14.7M-27.9K0.8965.30N/AN/A3523157078,667
2022-07-13$21.90$23.0030.9%8.9%23.7%43.1%34.0%8.5%-0.9%-368.4K14.3M-27.6K1.1466.87N/AN/A3534037228,575
2022-07-14$21.44$23.0033.2%9.5%24.1%48.2%32.2%10.7%-1.1%-287.3K15.0M-22.1K0.8268.05N/AN/A3532897238,407
2022-07-15$21.78$23.0029.0%8.3%22.9%39.1%28.9%7.7%-0.3%-345.1K14.7M-23.1K0.4471.67N/AN/A8453757238,378
2022-07-18$21.80$22.0031.8%9.1%22.9%45.1%31.0%7.2%-1.5%-300.6K12.9M-26.7K0.5970.85N/AN/A8254861,1128,252
2022-07-19$22.67$22.0029.3%8.4%27.4%39.7%29.5%7.9%-2.1%-395.2K11.7M-33.5K0.4272.34N/AN/A7673191,2158,540
2022-07-20$22.09$22.0031.7%9.1%28.4%44.9%27.9%8.5%-1.7%-282.8K12.4M-30.4K0.6672.01N/AN/A5193411,7158,625
2022-07-21$22.22$22.0030.0%8.6%28.5%41.3%26.9%8.7%-1.8%-269.1K12.2M-31.0K0.5974.20N/AN/A5193071,9628,672
2022-07-22$22.23$22.0029.4%8.4%28.5%40.0%26.8%5.9%-0.2%-267.0K11.9M-30.9K0.4970.14N/AN/A5192551,9628,657
2022-07-25$22.51$22.0028.3%8.1%28.0%37.6%27.3%7.0%-0.2%-292.2K11.6M-32.0K2.4169.51N/AN/A1192871,9628,658
2022-07-26$22.27$22.0031.1%8.9%28.1%43.6%28.7%8.2%-0.3%-267.2K11.9M-30.1K2.4270.64N/AN/A1192881,9648,644
2022-07-27$22.85$22.0027.1%7.8%29.9%35.1%26.1%7.2%1.5%-317.7K10.8M-33.2K2.9274.51N/AN/A1193471,9648,643
2022-07-28$22.57$22.0025.1%7.2%29.9%30.8%25.4%8.2%-0.5%-286.7K11.3M-31.4K2.2979.03N/AN/A1192731,9628,564
2022-07-29$22.91$22.0025.0%7.2%30.5%30.5%23.7%7.2%0.2%-314.3K10.6M-32.5K2.1678.91N/AN/A1262721,9628,562