EWP Options History — January 2023

In January 2023, EWP traded between $24.34 and $26.94. ATM implied volatility averaged 22.0%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 6.3% (HV 20d: 15.7%). Max pain ranged from $24.00 to $26.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 367.41.

Notable Days

  • 2023-01-18: Highest Volume — 12,057 contracts
  • 2023-01-06: Largest IV drop — 18.2% change
  • 2023-01-03: Highest IV Rank — 26.5%
  • 2023-01-03: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.14$24.34$26.94$24.34$26.84
Max Pain$25.50$24.00$26.00$25.00$26.00
ATM IV22.0%19.6%26.4%26.4%22.5%
Expected Move6.3%5.6%7.6%7.6%6.5%
HV 20d15.7%13.5%18.1%13.6%13.5%
HV 60d19.1%17.4%21.2%21.2%17.4%
IV Rank10.9%2.3%26.5%26.5%8.0%
IV Percentile11.0%1.6%35.7%35.7%13.5%
Term Structure-0.0%-2.2%1.2%-0.7%-2.2%
VWIV23.3%19.1%29.4%24.3%24.9%
Skew 25d4.9%3.4%7.5%6.1%4.9%
Skew 10d8.4%-3.0%18.4%7.6%10.0%
Call IV 25d20.5%18.7%23.0%21.0%21.3%
Put IV 25d25.4%23.2%29.4%27.1%26.2%
Bid-Ask Spread %78.2357.4591.1676.6069.10
Gamma HHI0.740.560.880.670.56
Net GEX-232.6K-418.6K-78.4K-247.0K-83.6K
Net DEX2.0M395.1K4.2M2.8M543.7K
Net VEX-18.7K-34.9K-6.0K-19.4K-6.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio367.410.002726.0049.5745.50
Total Volume1,191.45412,0571,41612
Total OI8,789.253,48213,9117,0863,610

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$24.34$25.0026.4%7.6%13.6%26.5%24.3%6.1%-0.7%-247.0K2.8M-19.4K49.5776.60N/AN/A281,3882696,817
2023-01-04$24.91$25.0023.9%6.8%15.5%22.2%0.0%7.4%0.6%-270.9K2.8M-22.9K0.0086.80N/AN/A02,6092978,204
2023-01-05$24.91$24.0025.3%6.9%15.5%24.7%0.0%5.3%0.7%-377.7K4.2M-32.6K2726.0091.16N/AN/A12,72629710,797
2023-01-06$25.52$24.0020.7%6.4%17.5%16.9%29.4%7.5%-1.1%-418.6K4.2M-34.9K1.6290.38N/AN/A132129813,301
2023-01-09$25.57$24.0022.6%6.6%17.4%20.1%0.0%3.4%0.2%-411.8K4.1M-34.3K0.5083.76N/AN/A4230513,308
2023-01-10$25.80$24.0022.2%6.5%17.5%14.3%25.3%4.8%0.5%-388.7K3.7M-34.2K10.7369.48N/AN/A1111830713,310
2023-01-11$25.87$26.0023.0%6.6%17.5%15.7%22.5%5.7%-0.2%-393.3K3.4M-28.6K4.0074.51N/AN/A104031813,424
2023-01-12$26.31$26.0023.3%6.7%18.1%11.3%22.8%5.2%-1.0%-334.4K2.7M-27.4K104.0071.82N/AN/A110431313,410
2023-01-13$26.54$26.0019.7%5.7%18.1%3.5%19.9%4.8%1.2%-294.6K2.1M-21.7K3.0085.70N/AN/A1331413,510
2023-01-17$26.38$26.0022.5%6.4%16.4%8.7%0.0%4.7%-0.4%-334.9K2.8M-27.1K0.0081.65N/AN/A08431513,510
2023-01-18$26.37$26.0021.7%6.2%15.5%7.3%23.4%3.6%0.9%-321.1K2.3M-23.8K752.5678.47N/AN/A1612,04131513,596
2023-01-19$26.29$26.0022.9%6.6%15.6%9.6%27.9%4.8%0.0%-193.4K1.6M-15.2K2145.0088.90N/AN/A24,2903318,303
2023-01-20$26.61$26.0021.0%6.0%15.3%5.9%0.0%3.5%-0.1%-84.3K395.1K-6.2K0.7183.31N/AN/A753315,227
2023-01-23$26.66$26.0020.0%5.7%15.2%4.1%22.2%5.1%0.6%-87.9K616.6K-6.9K15.0057.45N/AN/A1151233,359
2023-01-24$26.69$26.0019.6%5.6%14.5%2.3%0.0%4.2%0.4%-84.7K510.2K-6.7K0.1086.03N/AN/A1011253,372
2023-01-25$26.79$26.0019.8%5.7%14.4%2.6%19.1%3.9%1.1%-78.4K429.7K-6.0K20.2967.17N/AN/A71421353,373
2023-01-26$26.94$26.0020.8%5.9%14.4%4.6%24.0%5.3%-0.2%-82.8K483.4K-6.5K0.0074.90N/AN/A0131423,515
2023-01-27$26.81$26.0020.2%5.8%14.2%3.5%20.1%4.6%-0.2%-82.1K460.1K-6.3K0.0072.68N/AN/A1001423,505
2023-01-30$26.70$26.0021.6%6.2%14.1%6.2%20.7%3.4%-0.8%-82.0K493.0K-6.3K45.5074.67N/AN/A2911523,505
2023-01-31$26.84$26.0022.5%6.5%13.5%8.0%24.9%4.9%-2.2%-83.6K543.7K-6.4K0.0069.10N/AN/A0121543,456