EWP Options History — September 2023

In September 2023, EWP traded between $27.09 and $28.36. ATM implied volatility averaged 19.4%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 3.4% (HV 20d: 15.9%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 29.51.

Notable Days

  • 2023-09-27: Highest Volume — 85 contracts
  • 2023-09-13: Largest IV drop — 15.2% change
  • 2023-09-12: Highest IV Rank — 14.4%
  • 2023-09-27: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.79$27.09$28.36$28.11$27.48
Max Pain$29.20$28.00$30.00$30.00$28.00
ATM IV19.4%16.7%22.0%18.5%19.4%
Expected Move5.4%4.8%6.0%5.3%5.6%
HV 20d15.9%13.6%16.7%16.3%14.8%
HV 60d17.4%16.4%17.9%17.5%16.4%
IV Rank9.8%4.9%14.4%8.3%9.7%
IV Percentile22.2%4.8%48.8%10.3%22.6%
Term Structure1.9%-0.9%32.8%0.4%0.9%
VWIV17.8%14.6%21.1%20.2%18.8%
Skew 25d7.2%1.1%55.7%3.2%1.1%
Skew 10d15.0%-3.7%63.6%6.9%-0.6%
Call IV 25d16.9%14.3%19.9%17.1%19.2%
Put IV 25d24.1%19.2%71.5%20.3%20.2%
Bid-Ask Spread %95.6579.10118.16113.82111.31
Gamma HHI0.470.330.640.340.34
Net GEX-49.1K-70.3K-31.7K-31.7K-44.9K
Net DEX409.3K248.7K648.1K328.0K382.5K
Net VEX-1.5K-2.0K-1.2K-1.6K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio29.510.0576.0076.0038.00
Total Volume21.108532
Total OI970.98881,074896997

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$28.11$30.0018.5%5.3%16.3%8.3%20.2%3.2%0.4%-31.7K328.0K-1.6K0.00113.82N/AN/A03524372
2023-09-05$27.77$30.0020.5%5.5%16.5%11.7%0.0%6.1%0.5%-42.3K401.4K-1.4K0.0088.52N/AN/A01524371
2023-09-06$27.51$30.0019.8%5.6%16.6%10.6%0.0%4.8%-0.9%-43.2K447.0K-1.4K0.0085.83N/AN/A00524370
2023-09-07$27.45$30.0020.6%5.9%16.5%11.9%0.0%5.2%0.4%-45.2K447.2K-1.3K0.0088.12N/AN/A00526362
2023-09-08$27.62$30.0019.5%5.2%15.8%10.1%20.0%8.0%0.3%-42.2K392.9K-1.4K0.0083.82N/AN/A010526362
2023-09-11$28.01$30.0021.3%5.3%16.7%13.2%0.0%5.8%0.5%-44.7K341.9K-1.3K0.0089.50N/AN/A00526367
2023-09-12$28.02$30.0022.0%5.4%16.6%14.4%19.4%1.6%0.0%-44.1K323.1K-1.2K0.0098.74N/AN/A05526367
2023-09-13$27.79$30.0018.6%5.3%15.8%8.4%17.9%55.7%1.6%-33.3K384.0K-1.9K0.00110.61N/AN/A010526412
2023-09-14$28.16$30.0016.7%4.8%16.6%4.9%16.5%4.1%32.8%-61.6K365.3K-1.2K0.00118.16N/AN/A054526424
2023-09-15$28.05$30.0017.8%5.1%16.0%6.9%17.6%5.3%-0.4%-60.0K399.4K-1.3K76.0086.19N/AN/A176526426
2023-09-18$27.98$30.0018.4%5.3%15.8%8.0%15.3%4.5%0.0%-70.3K479.3K-1.5K0.0079.10N/AN/A03524459
2023-09-19$28.21$30.0018.2%5.2%16.0%7.7%18.3%5.6%0.2%-66.3K418.4K-1.4K0.0586.59N/AN/A804524458
2023-09-20$28.36$28.0018.5%5.3%15.9%8.2%18.5%2.5%0.3%-46.5K248.7K-1.7K0.0088.15N/AN/A014604464
2023-09-21$28.04$28.0019.0%5.4%16.2%9.1%14.7%6.0%-0.0%-39.8K328.1K-2.0K0.0090.38N/AN/A04604465
2023-09-22$27.87$28.0018.6%5.3%16.1%8.3%14.6%6.5%0.3%-55.4K417.4K-1.7K0.00100.94N/AN/A01604461
2023-09-25$27.52$28.0019.3%5.5%16.4%9.7%18.6%4.4%0.6%-58.1K533.1K-1.6K4.0089.65N/AN/A520604460
2023-09-26$27.29$28.0020.9%6.0%15.3%12.5%21.1%2.8%0.3%-51.0K535.0K-1.4K38.0098.95N/AN/A138609428
2023-09-27$27.09$28.0021.0%6.0%13.6%12.6%15.2%4.8%0.8%-59.8K648.1K-1.4K0.0099.09N/AN/A085610464
2023-09-28$27.52$28.0018.9%5.4%15.2%8.9%0.0%6.2%0.3%-42.6K365.1K-1.3K0.00105.59N/AN/A05610382
2023-09-29$27.48$28.0019.4%5.6%14.8%9.7%18.8%1.1%0.9%-44.9K382.5K-1.2K0.00111.31N/AN/A02610387