EWP Options History — June 2023

In June 2023, EWP traded between $27.41 and $28.89. ATM implied volatility averaged 17.6%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 2.5% (HV 20d: 15.1%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2023-06-08: Highest Volume — 78 contracts
  • 2023-06-13: Largest IV drop — 32.8% change
  • 2023-06-07: Highest IV Rank — 8.2%
  • 2023-06-07: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.99$27.41$28.89$27.48$28.89
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV17.6%13.9%21.1%16.8%15.2%
Expected Move4.8%3.8%5.4%4.8%4.4%
HV 20d15.1%12.6%17.4%12.6%16.1%
HV 60d17.0%15.2%20.0%19.9%15.6%
IV Rank4.7%0.0%8.2%0.0%2.4%
IV Percentile4.5%0.0%19.4%0.0%0.8%
Term Structure3.3%-0.9%17.0%1.1%1.0%
VWIV18.6%15.2%21.9%21.3%15.2%
Skew 25d3.9%-1.4%9.0%9.0%2.0%
Skew 10d6.1%-3.3%28.4%13.6%-0.4%
Call IV 25d14.8%11.2%18.4%13.8%15.2%
Put IV 25d18.7%12.8%24.3%22.8%17.3%
Bid-Ask Spread %86.4432.95122.19105.2385.61
Gamma HHI0.260.220.320.270.32
Net GEX-12.8K-40.0K28.4K-40.0K23.0K
Net DEX112.1K-174.8K356.4K345.4K-174.8K
Net VEX-3.4K-4.9K-2.7K-4.4K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.003.000.500.25
Total Volume7.52407835
Total OI1,7051,6601,7551,7541,669

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$27.48$28.0016.8%4.8%12.6%0.0%21.3%9.0%1.1%-40.0K345.4K-4.4K0.50105.23N/AN/A216341,120
2023-06-02$27.88$28.0018.3%5.2%13.7%2.8%21.1%8.9%10.5%28.4K34.4K-3.0K0.00110.94N/AN/A016341,120
2023-06-05$27.73$28.0019.6%5.4%13.0%5.2%0.0%3.0%17.0%-27.1K79.5K-4.9K0.0097.03N/AN/A006341,121
2023-06-06$27.86$28.0020.5%4.9%13.1%7.0%0.0%4.5%3.0%-33.0K228.3K-3.6K0.0066.11N/AN/A006341,121
2023-06-07$27.44$28.0021.1%5.4%14.1%8.2%0.0%4.0%1.8%-28.9K356.4K-3.6K0.0047.23N/AN/A006281,121
2023-06-08$27.59$28.0020.2%4.8%14.3%6.4%17.1%3.8%3.2%-22.4K275.6K-3.8K0.0078.03N/AN/A0786281,121
2023-06-09$27.41$28.0019.9%3.8%14.3%5.8%20.7%-1.4%6.8%-27.2K313.3K-3.4K0.0095.68N/AN/A0226281,099
2023-06-12$27.56$28.0020.7%4.8%14.5%7.3%0.0%4.0%2.8%-22.9K301.7K-3.4K0.0085.49N/AN/A2006281,099
2023-06-13$27.59$28.0013.9%4.8%14.5%0.0%0.0%3.3%2.7%-29.3K280.7K-3.4K0.0045.16N/AN/A006091,099
2023-06-14$27.91$28.0017.8%5.1%15.0%7.0%0.0%2.9%2.4%-22.3K166.9K-3.5K3.0095.54N/AN/A266091,099
2023-06-15$28.34$28.0016.5%4.7%15.9%4.6%16.1%6.3%3.6%-7.4K18.1K-3.3K0.0089.73N/AN/A046091,099
2023-06-16$28.39$28.0016.4%4.7%15.5%4.5%17.1%2.1%3.9%88-38.1K-3.3K0.0083.71N/AN/A056091,099
2023-06-20$28.38$28.0018.4%5.3%15.5%7.9%0.0%3.8%0.4%-2.6K12.2K-3.2K0.0053.56N/AN/A005971,063
2023-06-21$28.46$28.0018.1%5.2%15.4%7.5%18.4%7.1%-0.4%-7.2K-89.1K-3.6K0.00119.65N/AN/A905971,063
2023-06-22$28.12$28.0014.5%4.2%15.3%1.1%0.0%1.5%2.2%-7.5K35.7K-3.1K0.00109.33N/AN/A006061,063
2023-06-23$27.62$28.0015.6%4.5%16.3%2.9%21.9%3.8%1.2%-25.6K202.0K-2.9K0.00102.62N/AN/A106061,063
2023-06-26$27.77$28.0016.0%4.6%16.2%3.7%0.0%4.5%4.0%-18.6K131.6K-3.0K0.00122.19N/AN/A006061,063
2023-06-27$28.34$28.0017.1%4.9%17.4%5.8%16.6%2.4%1.5%-10.1K-5.3K-3.4K0.00106.34N/AN/A026061,063
2023-06-28$28.48$28.0017.0%4.9%17.2%5.6%0.0%1.8%-0.9%7.5K-91.3K-3.1K0.0032.95N/AN/A006061,063
2023-06-29$28.51$28.0015.4%4.4%16.4%2.8%0.0%4.9%1.5%4.9K-28.1K-2.7K0.0083.11N/AN/A006061,063
2023-06-30$28.89$28.0015.2%4.4%16.1%2.4%15.2%2.0%1.0%23.0K-174.8K-2.7K0.2585.61N/AN/A416061,063