EWP Options History — February 2023

In February 2023, EWP traded between $26.74 and $27.54. ATM implied volatility averaged 21.1%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 6.9% (HV 20d: 14.2%). Max pain ranged from $26.00 to $29.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 8.94.

Notable Days

  • 2023-02-01: Highest Volume — 128 contracts
  • 2023-02-14: Largest IV drop — 17.2% change
  • 2023-02-28: Highest IV Rank — 11.2%
  • 2023-02-28: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.20$26.74$27.54$27.44$27.41
Max Pain$27.11$26.00$29.00$26.00$27.00
ATM IV21.1%18.6%24.3%21.4%24.3%
Expected Move6.1%5.3%7.0%6.1%7.0%
HV 20d14.2%12.8%16.7%14.8%16.7%
HV 60d15.8%15.0%17.4%17.4%15.0%
IV Rank4.8%0.0%11.2%5.8%11.2%
IV Percentile8.5%0.0%25.4%7.5%25.4%
Term Structure-0.2%-1.5%1.2%-1.5%-1.2%
VWIV20.3%10.0%26.3%21.8%22.8%
Skew 25d5.8%3.2%7.7%7.3%7.7%
Skew 10d11.6%6.6%15.3%8.0%7.4%
Call IV 25d18.4%14.8%21.2%16.8%18.4%
Put IV 25d24.3%22.0%26.8%24.2%26.1%
Bid-Ask Spread %74.1151.8991.5891.5868.97
Gamma HHI0.390.290.480.470.29
Net GEX-70.1K-96.0K-47.4K-47.4K-61.2K
Net DEX325.5K76.4K663.3K76.4K244.1K
Net VEX-4.7K-6.7K-3.6K-3.7K-4.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.940.0041.6741.670.15
Total Volume400128128108
Total OI3,833.6843,6053,9823,6053,819

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$27.44$26.0021.4%6.1%14.8%5.8%21.8%7.3%-1.5%-47.4K76.4K-3.7K41.6791.58N/AN/A31251543,451
2023-02-02$27.54$27.0019.0%5.3%13.4%1.1%20.7%3.2%0.9%-53.0K125.1K-4.0K0.0072.76N/AN/A0401553,576
2023-02-03$27.21$27.0019.3%5.8%14.6%1.8%10.0%3.8%0.4%-57.0K154.2K-4.1K6.0781.18N/AN/A14851553,614
2023-02-06$26.98$29.0021.3%6.2%13.3%4.6%22.5%6.1%-1.5%-90.0K588.8K-6.7K0.0077.27N/AN/A201643,699
2023-02-07$27.16$28.0021.9%5.9%13.3%5.7%10.3%6.9%0.2%-79.2K429.8K-5.4K0.0076.51N/AN/A0481663,699
2023-02-08$27.14$27.0020.8%6.0%13.2%3.6%0.0%5.2%0.2%-80.8K441.9K-5.9K0.0052.87N/AN/A0401663,688
2023-02-09$27.13$27.0020.9%6.0%13.2%3.8%26.3%5.3%-0.3%-65.1K242.7K-4.2K19.0082.30N/AN/A1191663,728
2023-02-10$26.86$27.0021.0%6.0%12.8%4.0%25.3%5.4%0.5%-92.9K638.0K-6.6K0.9251.89N/AN/A13121673,739
2023-02-13$27.20$27.0022.4%6.4%13.1%6.7%0.0%5.5%-0.3%-61.6K185.5K-4.0K0.0068.35N/AN/A001653,739
2023-02-14$27.52$27.0018.6%5.3%13.3%0.0%0.0%5.9%1.2%-57.2K125.0K-3.6K11.4383.88N/AN/A7801653,739
2023-02-15$27.38$27.0020.0%5.7%13.6%2.9%20.1%7.2%0.8%-62.5K205.4K-4.0K0.0076.62N/AN/A021723,807
2023-02-16$27.34$27.0020.9%6.0%13.5%4.6%20.8%4.3%-0.5%-58.6K226.4K-3.9K0.0069.85N/AN/A011723,809
2023-02-17$27.51$27.0019.1%5.5%13.1%1.1%0.0%5.8%0.1%-61.0K195.2K-3.8K0.0572.56N/AN/A2211723,810
2023-02-21$27.07$27.0022.0%6.3%14.5%6.7%22.3%6.1%-0.1%-71.2K333.0K-4.3K0.0085.21N/AN/A0171403,563
2023-02-22$26.74$27.0022.0%6.3%15.2%6.8%0.0%5.3%-0.6%-73.9K346.2K-4.3K0.0084.14N/AN/A0511403,581
2023-02-23$27.07$27.0021.2%6.1%15.8%5.1%0.0%6.9%-0.4%-90.3K589.6K-5.7K0.0073.53N/AN/A021403,632
2023-02-24$26.84$27.0022.7%6.5%16.0%8.0%0.0%6.8%-0.1%-96.0K663.3K-6.1K1.2071.55N/AN/A20241403,632
2023-02-27$27.21$27.0022.9%6.6%16.6%8.6%22.8%6.5%-1.4%-73.3K373.1K-4.8K0.1567.11N/AN/A2031603,656
2023-02-28$27.41$27.0024.3%7.0%16.7%11.2%0.0%7.7%-1.2%-61.2K244.1K-4.0K0.0068.97N/AN/A01081603,659