EWP Options History — October 2023

In October 2023, EWP traded between $26.13 and $27.63. ATM implied volatility averaged 21.8%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 3.6% (HV 20d: 18.2%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 9.27.

Notable Days

  • 2023-10-03: Highest Volume — 79 contracts
  • 2023-10-09: Largest IV spike — 20.6% change
  • 2023-10-25: Highest IV Rank — 17.7%
  • 2023-10-25: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.81$26.13$27.63$26.84$26.73
Max Pain$27.77$27.00$28.00$28.00$27.00
ATM IV21.8%19.3%23.8%20.3%20.6%
Expected Move6.2%5.7%6.8%5.8%5.9%
HV 20d18.2%16.2%19.6%16.2%17.8%
HV 60d16.9%15.9%17.8%17.0%16.7%
IV Rank14.1%9.6%17.7%11.4%12.0%
IV Percentile53.2%21.4%74.6%34.5%40.5%
Term Structure-0.2%-2.1%1.4%0.6%-0.4%
VWIV20.9%17.5%24.4%24.3%20.7%
Skew 25d5.4%2.0%10.7%4.6%2.0%
Skew 10d13.6%-3.9%80.6%80.6%5.1%
Call IV 25d19.5%17.7%21.6%19.0%20.3%
Put IV 25d24.8%22.3%28.4%23.6%22.3%
Bid-Ask Spread %78.9049.07104.63102.4051.90
Gamma HHI0.360.270.640.320.28
Net GEX-28.0K-48.8K-1.7K-48.8K-3.1K
Net DEX349.0K88.7K646.1K574.2K93.1K
Net VEX-579-990-278-990-457
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.270.0031.0014.801.90
Total Volume11.81807951
Total OI691.091871,003999140

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$26.84$28.0020.3%5.8%16.2%11.4%0.0%4.6%0.6%-48.8K574.2K-9900.00102.40N/AN/A05610389
2023-10-03$26.45$28.0023.6%6.8%16.4%17.3%24.3%8.2%-0.5%-45.6K646.1K-87014.8049.07N/AN/A574610386
2023-10-04$26.52$28.0020.2%5.8%16.3%11.2%0.0%10.7%-0.1%-47.8K644.6K-8820.00104.63N/AN/A00615388
2023-10-05$26.77$28.0020.3%5.9%16.8%11.4%18.7%5.5%0.5%-44.2K564.4K-8246.3382.73N/AN/A319615364
2023-10-06$27.12$28.0019.3%5.8%17.4%9.6%0.0%4.7%1.4%-42.0K441.1K-8600.0081.80N/AN/A00618345
2023-10-09$26.84$28.0023.2%6.0%16.7%16.7%19.0%5.9%0.1%-41.6K504.0K-7640.0085.18N/AN/A03618345
2023-10-10$27.41$28.0022.2%6.3%18.6%14.8%22.1%4.8%0.2%-40.4K356.1K-8240.0079.63N/AN/A016618346
2023-10-11$27.63$28.0019.8%5.7%18.7%10.6%0.0%5.5%0.0%-37.9K286.2K-8090.0085.45N/AN/A00618339
2023-10-12$27.23$28.0020.9%6.0%18.6%12.4%0.0%6.0%-0.1%-41.5K429.0K-6410.0085.33N/AN/A00618339
2023-10-13$26.95$28.0021.7%6.2%18.9%13.8%21.7%4.6%-0.9%-42.3K488.0K-5930.0085.15N/AN/A02618339
2023-10-16$27.29$28.0022.1%6.3%19.6%14.7%0.0%3.9%-0.3%-39.6K415.4K-5170.0079.04N/AN/A01618338
2023-10-17$27.27$28.0021.5%6.2%19.3%13.5%0.0%4.6%-0.3%-39.6K435.6K-4760.0076.61N/AN/A00618337
2023-10-18$26.87$28.0022.2%6.4%19.6%14.8%0.0%4.9%-0.7%-44.1K525.0K-3820.0083.41N/AN/A01618337
2023-10-19$26.77$28.0022.5%6.4%19.3%15.3%0.0%6.6%0.2%-33.3K326.6K-31931.0091.20N/AN/A131618265
2023-10-20$26.57$28.0021.3%6.1%19.4%13.2%21.2%5.4%0.8%-4.9K324.7K-3031.6072.31N/AN/A1016618259
2023-10-23$26.52$28.0021.4%6.1%19.0%13.5%17.5%4.5%-0.4%-4.8K110.7K-2970.0067.49N/AN/A021374
2023-10-24$26.44$28.0023.0%6.6%18.9%16.2%20.6%5.4%-0.8%-4.7K115.6K-2780.0064.56N/AN/A2201374
2023-10-25$26.34$27.0023.8%6.8%18.7%17.7%24.4%4.7%-0.5%-1.7K95.5K-4050.0078.36N/AN/A0134582
2023-10-26$26.31$27.0023.7%6.8%17.6%17.5%0.0%4.3%-2.1%-2.5K101.6K-4120.0073.99N/AN/A054586
2023-10-27$26.13$27.0023.7%6.8%17.7%17.6%19.7%5.5%-0.8%-2.4K112.2K-3591.9081.66N/AN/A10194584
2023-10-30$26.81$27.0021.8%6.2%18.5%14.1%0.0%5.6%-1.4%-3.0K88.7K-4670.0073.79N/AN/A014594
2023-10-31$26.73$27.0020.6%5.9%17.8%12.0%20.7%2.0%-0.4%-3.1K93.1K-4570.0051.90N/AN/A014595