EWP Options History — August 2023

In August 2023, EWP traded between $27.63 and $28.95. ATM implied volatility averaged 20.6%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 3.1% (HV 20d: 17.5%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 2.31.

Notable Days

  • 2023-08-10: Highest Volume — 21 contracts
  • 2023-08-08: Largest IV spike — 37.1% change
  • 2023-08-04: Highest IV Rank — 18.8%
  • 2023-08-18: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.26$27.63$28.95$28.73$28.48
Max Pain$29.26$29.00$30.00$29.00$29.00
ATM IV20.6%15.9%24.4%18.7%20.7%
Expected Move5.8%4.6%6.9%5.4%5.9%
HV 20d17.5%15.0%20.4%20.4%15.7%
HV 60d17.3%16.6%17.7%16.6%17.6%
IV Rank11.9%3.6%18.8%8.6%12.2%
IV Percentile30.0%2.4%57.5%11.1%33.3%
Term Structure4.2%-2.2%36.9%0.2%-0.9%
VWIV26.3%15.9%69.4%22.9%20.5%
Skew 25d3.0%-6.6%7.3%3.5%2.8%
Skew 10d11.2%-5.6%66.2%-0.6%17.7%
Call IV 25d19.4%15.1%33.3%18.6%15.7%
Put IV 25d22.4%16.6%32.8%22.1%18.5%
Bid-Ask Spread %101.6772.72120.0492.70103.98
Gamma HHI0.280.250.410.260.31
Net GEX6.1K-37.3K54.1K40.8K-22.5K
Net DEX196.7K-124.7K422.4K-35.2K262.4K
Net VEX-2.5K-4.0K-1.6K-3.1K-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.310.0013.0013.000.09
Total Volume6.739021412
Total OI1,009.2619051,0961,042905

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$28.73$29.0018.7%5.4%20.4%8.6%22.9%3.5%0.2%40.8K-35.2K-3.1K0.0092.70N/AN/A04679363
2023-08-02$28.14$29.0022.5%6.5%19.8%15.4%22.3%5.8%-1.5%22.5K167.3K-2.8K0.0094.45N/AN/A02679362
2023-08-03$28.14$30.0022.3%6.0%19.1%14.9%0.0%4.8%-0.4%24.1K172.5K-2.8K13.0082.77N/AN/A113679354
2023-08-04$28.30$30.0024.4%5.9%19.1%18.8%20.3%-3.7%1.9%22.7K133.1K-2.7K0.00102.04N/AN/A015680367
2023-08-07$28.51$30.0017.4%5.5%19.2%6.2%19.2%5.6%0.1%40.2K98.0K-2.8K0.0094.40N/AN/A09680382
2023-08-08$28.31$30.0023.8%6.1%18.8%17.7%0.0%3.7%-0.5%26.2K192.0K-2.8K0.0087.85N/AN/A00680391
2023-08-09$28.41$30.0021.1%6.1%16.8%12.9%0.0%5.5%0.3%37.1K27.4K-3.5K0.0093.31N/AN/A70680391
2023-08-10$28.80$30.0019.9%5.7%16.8%10.7%21.4%5.6%-0.6%54.1K-10.1K-3.0K1.1072.72N/AN/A1011687391
2023-08-11$28.61$29.0018.9%5.4%16.7%9.0%0.0%7.3%0.2%43.7K137.5K-2.5K0.0098.27N/AN/A00697399
2023-08-14$28.45$29.0021.1%6.0%16.6%12.8%0.0%4.0%22.5%38.4K-124.7K-4.0K0.00110.18N/AN/A00697399
2023-08-15$27.99$29.0021.4%6.1%17.4%13.3%0.0%3.4%-1.4%5.7K270.9K-2.3K1.00108.67N/AN/A11697399
2023-08-16$27.95$29.0020.5%5.9%17.4%11.9%0.0%1.0%36.9%12.9K105.6K-3.7K1.00110.25N/AN/A22697398
2023-08-17$27.63$29.0020.8%6.0%17.6%12.2%0.0%-0.5%36.3%-1.2K228.4K-3.0K0.00116.91N/AN/A00699384
2023-08-18$27.86$29.0024.0%6.9%17.9%18.0%0.0%4.0%1.1%-10.7K378.9K-2.2K0.00105.56N/AN/A00699384
2023-08-21$27.95$29.0021.2%6.1%17.9%13.0%24.3%-6.6%0.5%-37.3K422.4K-1.6K0.00109.39N/AN/A08531381
2023-08-22$27.77$29.0021.1%6.1%17.9%12.9%0.0%1.1%-2.2%-25.4K340.7K-1.9K0.00103.62N/AN/A00531384
2023-08-23$28.01$29.0020.0%5.7%16.3%10.8%41.9%3.4%-0.1%-28.5K371.7K-1.9K0.00107.00N/AN/A016531381
2023-08-24$27.77$29.0019.9%5.7%16.0%10.7%0.0%3.8%0.4%-28.5K391.6K-1.9K0.00120.04N/AN/A02531386
2023-08-25$28.01$29.0019.5%5.6%16.0%10.1%19.4%2.9%0.1%-27.7K366.7K-1.9K0.00109.47N/AN/A20531388
2023-08-28$28.45$29.0020.4%5.8%17.2%11.6%17.7%6.1%-0.2%-22.9K280.7K-1.9K0.00100.20N/AN/A013532388
2023-08-29$28.95$29.0015.9%4.6%16.8%3.6%15.9%4.2%1.8%-11.4K172.0K-1.9K0.00104.01N/AN/A016532381
2023-08-30$28.81$29.0017.4%5.0%15.0%6.2%69.4%0.8%1.2%-12.3K173.3K-1.8K0.00110.74N/AN/A08532374
2023-08-31$28.48$29.0020.7%5.9%15.7%12.2%20.5%2.8%-0.9%-22.5K262.4K-1.7K0.09103.98N/AN/A111532373