EWP Options History — November 2023

In November 2023, EWP traded between $26.91 and $30.70. ATM implied volatility averaged 16.0%, placing in the 4.0% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 1.9% (HV 20d: 17.8%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.26.

Notable Days

  • 2023-11-14: Highest Volume — 223 contracts
  • 2023-11-28: Largest IV drop — 19.4% change
  • 2023-11-01: Highest IV Rank — 8.7%
  • 2023-11-01: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.01$26.91$30.70$26.91$30.51
Max Pain$27.76$27.00$29.00$27.00$29.00
ATM IV16.0%12.8%18.8%18.8%13.1%
Expected Move4.6%3.7%5.4%5.4%3.8%
HV 20d17.8%15.3%20.0%17.9%16.0%
HV 60d17.7%16.8%18.4%16.8%17.3%
IV Rank4.0%0.0%8.7%8.7%0.6%
IV Percentile4.8%0.0%15.9%15.9%0.4%
Term Structure0.3%-1.2%1.7%0.3%-1.2%
VWIV16.7%15.0%20.0%20.0%15.1%
Skew 25d3.3%0.0%5.5%2.6%2.3%
Skew 10d4.1%-6.3%13.6%-2.0%1.1%
Call IV 25d14.7%12.2%18.7%18.7%13.9%
Put IV 25d17.9%13.1%21.3%21.3%16.2%
Bid-Ask Spread %70.5320.7793.5663.8589.14
Gamma HHI0.600.220.770.280.66
Net GEX20.9K-15.3K56.7K-3.2K53.4K
Net DEX-101.9K-547.2K221.7K83.9K-464.6K
Net VEX-927-1.5K-456-456-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.001.000.000.35
Total Volume22.7620223320
Total OI360.143140549140549

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$26.91$27.0018.8%5.4%17.9%8.7%0.0%2.6%0.3%-3.2K83.9K-4560.0063.85N/AN/A0324595
2023-11-02$27.64$27.0015.6%5.0%20.0%3.0%20.0%4.6%-0.0%-3.2K122.2K-4950.0090.59N/AN/A01745127
2023-11-03$27.87$27.0017.5%5.3%19.7%6.5%0.0%3.6%0.7%-3.9K111.6K-5290.0090.63N/AN/A04645144
2023-11-06$27.70$27.0017.8%5.1%19.4%6.9%0.0%3.7%1.7%-9.6K192.7K-7180.0091.05N/AN/A01045189
2023-11-07$27.63$27.0017.0%5.0%18.0%5.5%15.5%4.3%0.8%-13.4K221.7K-7300.0090.47N/AN/A3045199
2023-11-08$27.82$27.0016.8%4.8%17.9%5.2%18.8%3.3%0.5%-13.7K195.3K-7190.0089.85N/AN/A0148199
2023-11-09$27.84$27.0016.7%4.8%17.1%5.0%18.5%3.1%1.5%-13.9K195.9K-7160.0093.56N/AN/A0448199
2023-11-10$28.18$27.0016.3%4.7%16.9%4.2%15.7%4.7%1.2%-13.8K148.2K-7131.0078.00N/AN/A2254200
2023-11-13$28.27$27.0017.8%5.1%16.5%6.9%18.4%5.1%0.5%-15.3K132.9K-7100.9169.06N/AN/A111056200
2023-11-14$29.21$28.0017.0%4.9%19.8%5.5%15.5%5.5%-0.2%-10.5K36.1K-6240.1081.97N/AN/A2022162205
2023-11-15$29.11$28.0016.7%4.8%18.8%5.1%0.0%3.2%-0.2%31.9K-100.8K-1.2K0.0020.77N/AN/A00264216
2023-11-16$29.34$28.0016.8%4.8%18.6%5.2%16.3%4.6%0.2%38.7K-150.5K-1.2K0.0852.53N/AN/A121264216
2023-11-17$29.71$28.0014.8%4.3%18.2%1.7%15.0%3.1%1.1%45.7K-269.1K-1.2K0.0034.76N/AN/A10270217
2023-11-20$29.98$28.0014.7%4.2%18.0%1.5%0.0%1.9%0.3%50.6K-283.1K-1.1K0.0067.98N/AN/A70250187
2023-11-21$29.79$28.0015.3%4.4%18.3%2.6%15.4%2.3%-0.2%50.4K-248.0K-1.1K0.0081.97N/AN/A09257187
2023-11-22$29.89$28.0014.1%4.0%18.0%0.3%0.0%2.0%0.9%56.0K-268.7K-1.1K0.0078.87N/AN/A40257196
2023-11-24$30.20$28.0015.1%4.3%17.8%2.1%15.1%2.1%0.5%54.8K-364.1K-1.1K0.1945.34N/AN/A265261196
2023-11-27$30.30$29.0015.9%4.6%17.1%3.6%0.0%0.0%-0.5%56.7K-422.3K-1.1K0.0065.84N/AN/A010287201
2023-11-28$30.51$29.0012.8%3.7%15.7%0.0%0.0%2.1%0.0%53.4K-461.6K-1.1K0.3561.96N/AN/A3111287211
2023-11-29$30.70$29.0014.9%4.3%15.3%3.7%0.0%4.4%-1.1%48.7K-547.2K-1.3K0.0042.97N/AN/A00318222
2023-11-30$30.51$29.0013.1%3.8%16.0%0.6%0.0%2.3%-1.2%53.4K-464.6K-1.5K0.0089.14N/AN/A00318231