EWP Options History — April 2023

In April 2023, EWP traded between $27.89 and $29.16. ATM implied volatility averaged 20.1%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 0.5% (HV 20d: 20.6%). Max pain ranged from $26.00 to $29.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 25.78.

Notable Days

  • 2023-04-11: Highest Volume — 151 contracts
  • 2023-04-06: Largest IV drop — 18.0% change
  • 2023-04-26: Highest IV Rank — 8.1%
  • 2023-04-26: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.64$27.89$29.16$27.89$28.56
Max Pain$28.53$26.00$29.00$26.00$29.00
ATM IV20.1%18.5%22.7%21.1%20.0%
Expected Move5.8%5.3%6.5%6.1%5.7%
HV 20d20.6%13.4%28.1%28.1%16.9%
HV 60d20.0%19.6%21.0%20.1%20.7%
IV Rank3.0%0.0%8.1%5.0%2.8%
IV Percentile6.8%0.0%25.4%9.1%7.1%
Term Structure1.3%-0.5%3.0%-0.5%0.6%
VWIV22.3%17.1%30.1%22.5%30.1%
Skew 25d6.5%3.7%10.3%6.0%7.4%
Skew 10d11.6%-0.2%19.8%9.7%-0.2%
Call IV 25d17.0%13.7%20.0%19.0%14.5%
Put IV 25d23.5%20.7%26.5%25.1%21.9%
Bid-Ask Spread %64.0032.8085.6065.7657.93
Gamma HHI0.190.160.250.200.22
Net GEX2.2K-31.7K21.0K276-14.0K
Net DEX-394.6K-810.0K162.5K-146.0K76.7K
Net VEX-7.2K-7.8K-5.9K-7.1K-6.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio25.780.00150.000.000.10
Total Volume28.263015110
Total OI4,861.0532,1875,9525,5542,230

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$27.89$26.0021.1%6.1%28.1%5.0%0.0%6.0%-0.5%276-146.0K-7.1K0.0065.76N/AN/A108914,663
2023-04-04$28.05$26.0021.5%6.2%27.2%5.7%0.0%6.2%-0.2%6.7K-294.3K-7.1K0.7085.60N/AN/A20148924,663
2023-04-05$28.32$26.0022.6%6.5%27.2%7.8%22.5%7.1%1.1%12.9K-417.4K-7.5K100.0073.58N/AN/A11009124,677
2023-04-06$28.66$29.0018.5%6.0%27.0%0.0%0.0%7.8%0.2%15.6K-543.0K-7.7K1.9471.30N/AN/A16319134,787
2023-04-10$28.61$29.0020.4%6.1%26.6%3.7%0.0%7.5%-0.0%13.7K-528.8K-7.8K0.0077.08N/AN/A009294,818
2023-04-11$28.29$29.0020.8%6.2%26.5%4.5%21.6%6.8%0.9%18.6K-414.5K-7.4K150.0083.58N/AN/A11509294,818
2023-04-12$28.61$29.0019.5%5.6%26.1%1.9%21.6%6.3%1.2%14.9K-453.5K-7.7K53.0083.94N/AN/A1539304,944
2023-04-13$28.93$29.0019.2%5.5%20.2%1.4%0.0%6.7%1.8%13.5K-662.0K-7.6K0.0080.80N/AN/A009304,992
2023-04-14$28.81$29.0018.8%5.4%20.2%0.6%0.0%5.8%1.6%15.4K-607.6K-7.6K0.0078.48N/AN/A019304,992
2023-04-17$28.63$29.0019.1%5.5%18.4%1.1%0.0%5.6%0.9%21.0K-534.4K-7.4K0.0569.05N/AN/A2119304,992
2023-04-18$28.88$29.0018.9%5.4%17.8%0.7%22.8%5.1%1.3%11.0K-683.1K-7.2K0.0081.95N/AN/A809314,993
2023-04-19$29.16$29.0019.3%5.5%14.9%1.5%19.2%6.8%1.4%-1.7K-810.0K-7.3K2.6384.67N/AN/A8219394,993
2023-04-20$28.95$29.0019.5%5.6%15.2%2.0%23.4%5.3%1.2%-2.1K-718.0K-7.3K1.0034.10N/AN/A10109385,014
2023-04-21$28.95$29.0018.6%5.3%14.2%0.3%0.0%5.5%1.5%-12.8K-715.5K-7.3K0.0032.80N/AN/A019385,014
2023-04-24$29.16$29.0020.0%5.7%13.4%2.8%17.1%4.6%2.8%-2.8K-150.9K-6.8K0.0033.47N/AN/A2706951,492
2023-04-25$28.37$29.0021.6%6.2%17.1%6.1%0.0%9.0%2.8%-19.7K162.5K-7.2K0.0037.48N/AN/A017151,492
2023-04-26$28.43$29.0022.7%6.5%17.1%8.1%0.0%3.7%3.0%-16.0K115.9K-6.8K0.0035.16N/AN/A0297151,493
2023-04-27$28.91$29.0019.2%5.5%16.9%1.4%30.1%10.3%2.3%-31.7K-173.6K-5.9K0.1049.18N/AN/A1017151,521
2023-04-28$28.56$29.0020.0%5.7%16.9%2.8%0.0%7.4%0.6%-14.0K76.7K-6.0K0.0057.93N/AN/A007091,521