EWP Options History — August 2022

In August 2022, EWP traded between $21.81 and $24.22. ATM implied volatility averaged 26.5%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 3.8% (HV 20d: 22.7%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 4.36.

Notable Days

  • 2022-08-05: Highest Volume — 551 contracts
  • 2022-08-18: Largest IV spike — 22.1% change
  • 2022-08-30: Highest IV Rank — 47.5%
  • 2022-08-30: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.94$21.81$24.22$22.67$21.81
Max Pain$22.87$22.00$23.00$22.00$23.00
ATM IV26.5%22.1%32.9%25.0%32.5%
Expected Move7.6%6.3%9.4%7.2%9.3%
HV 20d22.7%15.9%29.9%29.9%20.8%
HV 60d26.6%25.9%28.3%28.3%26.5%
IV Rank33.8%24.3%47.5%30.6%46.6%
IV Percentile63.9%40.1%92.5%56.7%90.1%
Term Structure0.1%-2.1%1.9%1.3%-1.8%
VWIV28.3%22.6%33.9%22.6%32.3%
Skew 25d8.0%5.5%11.5%9.9%6.1%
Skew 10d15.0%4.7%22.9%11.6%11.8%
Call IV 25d23.2%18.4%30.0%20.9%30.0%
Put IV 25d31.2%26.5%36.1%30.8%36.1%
Bid-Ask Spread %75.7257.13109.42109.4275.36
Gamma HHI0.430.340.600.350.39
Net GEX-349.7K-670.4K202.4K-268.5K-314.4K
Net DEX10.6M7.3M13.7M11.0M13.7M
Net VEX-26.7K-33.8K-15.4K-30.0K-15.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.360.2514.001.962.28
Total Volume190.7399551420427
Total OI9,8838,64510,65510,5348,693

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$22.67$22.0025.0%7.2%29.9%30.6%22.6%9.9%1.3%-268.5K11.0M-30.0K1.96109.42N/AN/A1422781,9638,571
2022-08-02$22.54$22.0027.2%7.8%26.7%35.3%24.7%10.9%-0.9%-271.1K11.2M-30.4K1.9291.32N/AN/A1422731,9838,570
2022-08-03$22.70$22.0024.6%7.1%26.1%29.8%22.7%10.6%0.5%-256.1K11.0M-29.3K2.4885.00N/AN/A1423521,9838,530
2022-08-04$22.82$23.0025.4%7.4%25.9%31.3%30.9%8.0%-0.9%-261.0K10.3M-30.7K2.7178.54N/AN/A1373711,9838,449
2022-08-05$22.92$23.0022.1%7.2%25.9%24.4%30.0%11.5%0.3%-245.8K10.5M-30.3K3.0260.53N/AN/A1374141,9918,529
2022-08-08$23.05$23.0026.6%7.4%25.3%33.9%30.3%8.4%0.3%-290.4K9.9M-30.5K3.0861.17N/AN/A1334101,9918,594
2022-08-09$23.30$23.0026.2%7.8%24.3%33.1%26.2%8.2%-0.4%-349.5K9.2M-31.3K2.8457.13N/AN/A551561,9928,544
2022-08-10$23.62$23.0023.5%6.7%24.5%27.4%26.4%7.7%1.1%-400.3K7.9M-33.8K0.0064.52N/AN/A0492,0028,653
2022-08-11$23.63$23.0023.9%6.8%22.7%28.2%0.0%6.1%0.8%-431.9K7.7M-33.6K1.6767.40N/AN/A30502,0028,639
2022-08-12$23.81$23.0022.3%6.4%22.4%24.9%0.0%6.5%1.9%-463.0K7.3M-32.3K1.3062.54N/AN/A20262,0178,589
2022-08-15$23.68$23.0023.5%6.7%22.6%27.4%26.6%7.8%0.7%-416.9K8.1M-31.3K8.0064.08N/AN/A181,8808,603
2022-08-16$23.82$23.0023.7%6.8%18.5%27.8%0.0%7.5%0.5%-473.9K7.5M-31.1K0.0068.10N/AN/A0181,8818,599
2022-08-17$24.22$23.0022.1%6.3%15.9%24.3%0.0%5.5%1.7%-670.4K7.3M-29.1K4.1086.05N/AN/A10411,8818,590
2022-08-18$23.43$23.0026.9%7.7%20.7%34.7%0.0%6.2%-0.7%-350.3K8.8M-28.1K0.0088.10N/AN/A0131,8818,598
2022-08-19$23.02$23.0026.5%7.6%22.0%33.8%26.6%7.5%0.2%202.4K10.3M-24.8K1.9292.11N/AN/A661271,8818,611
2022-08-22$22.62$23.0029.3%8.4%22.6%39.8%33.9%9.0%-0.0%-438.3K12.5M-23.3K9.0570.61N/AN/A201816847,961
2022-08-23$22.57$23.0029.2%8.4%22.2%39.5%0.0%7.9%-1.7%-433.3K12.6M-22.7K0.0074.49N/AN/A0176847,973
2022-08-24$22.55$23.0027.4%7.8%20.2%35.6%31.0%8.0%0.1%-422.3K12.8M-20.8K14.0073.41N/AN/A1146847,980
2022-08-25$22.65$23.0026.7%7.6%19.8%34.1%0.0%6.5%1.4%-440.4K12.8M-21.9K0.2593.20N/AN/A2056857,969
2022-08-26$22.07$23.0030.7%8.8%21.0%42.8%24.8%9.5%-0.7%-345.5K13.5M-17.6K3.2183.55N/AN/A14457057,965
2022-08-29$22.15$23.0031.7%9.1%20.8%44.9%31.0%8.0%0.1%-356.4K13.5M-17.1K6.0070.29N/AN/A2127047,972
2022-08-30$22.04$23.0032.9%9.4%20.8%47.5%33.0%7.2%-2.1%-344.7K13.4M-17.8K13.0064.76N/AN/A2267067,964
2022-08-31$21.81$23.0032.5%9.3%20.8%46.6%32.3%6.1%-1.8%-314.4K13.7M-15.4K2.2875.36N/AN/A1302977087,985