EWP Options History — July 2023

In July 2023, EWP traded between $27.89 and $29.73. ATM implied volatility averaged 18.8%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 0.1% (HV 20d: 18.8%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 31.70.

Notable Days

2023-07-03: Highest Volume — 183 contracts
2023-07-05: Largest IV spike — 42.4% change
2023-07-26: Highest IV Rank — 14.1%
2023-07-26: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.05	$27.89	$29.73	$29.02	$29.34
Max Pain	$28.90	$28.00	$29.00	$28.00	$29.00
ATM IV	18.8%	15.0%	21.8%	15.0%	18.3%
Expected Move	5.5%	4.3%	6.3%	4.3%	5.2%
HV 20d	18.8%	15.5%	20.2%	15.5%	19.0%
HV 60d	16.4%	15.5%	17.1%	15.5%	16.0%
IV Rank	8.7%	1.9%	14.1%	1.9%	7.8%
IV Percentile	12.4%	0.8%	36.9%	0.8%	7.9%
Term Structure	2.7%	-4.4%	28.9%	3.5%	0.2%
VWIV	18.7%	16.5%	20.6%	18.0%	16.5%
Skew 25d	2.8%	-9.0%	6.5%	6.5%	4.0%
Skew 10d	8.5%	-3.2%	18.9%	6.7%	10.3%
Call IV 25d	17.1%	11.3%	27.0%	11.3%	15.4%
Put IV 25d	19.9%	16.0%	23.5%	17.8%	19.4%
Bid-Ask Spread %	79.71	35.41	121.36	59.75	75.87
Gamma HHI	0.30	0.25	0.39	0.39	0.27
Net GEX	18.8K	-35.6K	57.2K	33.9K	57.2K
Net DEX	-102.9K	-420.0K	382.9K	-247.4K	-281.1K
Net VEX	-3.5K	-4.0K	-2.7K	-2.7K	-3.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	31.70	0.00	182.00	182.00	100.00
Total Volume	26.65	0	183	183	0
Total OI	1,592.9	874	1,878	1,672	1,042

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-07-03	$29.02	$28.00	15.0%	4.3%	15.5%	1.9%	0.0%	6.5%	3.5%	33.9K	-247.4K	-2.7K	182.00	59.75	N/A	N/A	1	182	610	1,062
2023-07-05	$28.31	$28.00	21.3%	6.1%	18.0%	13.2%	0.0%	2.3%	-0.9%	-9.3K	137.3K	-4.0K	0.00	104.88	N/A	N/A	0	0	611	1,244
2023-07-06	$27.89	$29.00	19.8%	5.8%	18.8%	10.5%	0.0%	5.9%	-0.1%	-35.6K	382.9K	-3.7K	0.00	77.99	N/A	N/A	0	0	611	1,244
2023-07-07	$28.04	$29.00	18.0%	5.7%	18.0%	7.4%	0.0%	5.1%	-0.7%	-28.6K	322.3K	-3.5K	0.00	80.69	N/A	N/A	0	0	611	1,244
2023-07-10	$28.05	$29.00	18.6%	5.7%	18.0%	8.3%	0.0%	5.0%	-0.7%	-28.8K	326.7K	-3.3K	0.00	82.93	N/A	N/A	0	0	611	1,244
2023-07-11	$28.43	$29.00	18.8%	5.8%	18.3%	8.7%	0.0%	4.6%	-0.4%	-12.4K	185.9K	-3.2K	0.00	82.05	N/A	N/A	0	7	611	1,244
2023-07-12	$29.09	$29.00	18.8%	5.4%	19.7%	8.7%	18.0%	3.4%	-0.5%	17.9K	-94.2K	-3.5K	0.00	84.92	N/A	N/A	7	0	611	1,237
2023-07-13	$29.48	$29.00	16.1%	4.6%	20.1%	3.9%	0.0%	1.9%	0.4%	33.8K	-212.9K	-3.5K	0.00	83.03	N/A	N/A	0	1	616	1,237
2023-07-14	$29.23	$29.00	18.2%	5.2%	20.2%	7.6%	18.5%	1.3%	-1.5%	32.0K	-175.2K	-3.4K	0.00	42.21	N/A	N/A	0	1	616	1,236
2023-07-17	$29.39	$29.00	19.4%	5.6%	19.7%	9.9%	0.0%	3.9%	0.3%	22.1K	-169.5K	-3.0K	2.00	82.03	N/A	N/A	1	2	616	1,237
2023-07-18	$29.43	$29.00	19.9%	5.7%	19.7%	10.7%	0.0%	1.3%	28.9%	12.4K	-233.3K	-3.8K	1.00	109.97	N/A	N/A	1	1	616	1,237
2023-07-19	$29.36	$29.00	19.7%	5.6%	19.7%	10.4%	0.0%	-3.7%	4.4%	20.1K	-186.3K	-3.2K	0.00	94.03	N/A	N/A	0	0	616	1,237
2023-07-20	$29.38	$29.00	19.9%	5.7%	19.7%	10.8%	20.3%	4.4%	27.3%	24.4K	-244.9K	-3.3K	0.00	35.41	N/A	N/A	0	21	616	1,237
2023-07-21	$29.52	$29.00	17.8%	5.1%	19.1%	7.1%	18.1%	0.3%	-4.4%	15.7K	-334.1K	-3.9K	0.27	80.89	N/A	N/A	22	6	616	1,262
2023-07-24	$29.27	$29.00	19.4%	5.6%	18.0%	9.8%	19.2%	6.3%	0.3%	16.2K	30.6K	-3.2K	0.02	99.73	N/A	N/A	150	3	515	359
2023-07-25	$29.13	$29.00	18.9%	5.4%	18.2%	9.0%	0.0%	5.6%	-0.4%	45.5K	-172.0K	-3.4K	0.00	93.26	N/A	N/A	15	0	665	363
2023-07-26	$29.73	$29.00	21.8%	6.3%	18.2%	14.1%	20.6%	-9.0%	-1.8%	50.7K	-366.5K	-3.6K	0.00	121.36	N/A	N/A	11	0	680	363
2023-07-27	$29.32	$29.00	19.1%	5.5%	19.1%	9.2%	16.5%	1.1%	-1.0%	53.3K	-307.0K	-3.6K	100.00	42.82	N/A	N/A	1	100	677	363
2023-07-28	$29.56	$29.00	16.6%	4.8%	19.2%	4.8%	0.0%	5.5%	0.7%	56.0K	-420.0K	-3.8K	0.00	60.38	N/A	N/A	0	0	678	363
2023-07-31	$29.34	$29.00	18.3%	5.2%	19.0%	7.8%	0.0%	4.0%	0.2%	57.2K	-281.1K	-3.4K	0.00	75.87	N/A	N/A	0	0	679	363