EWP Options History — December 2023

In December 2023, EWP traded between $30.06 and $31.20. ATM implied volatility averaged 14.8%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 0.9% (HV 20d: 14.0%). Max pain ranged from $29.00 to $32.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-12-08: Highest Volume — 298 contracts
  • 2023-12-13: Largest IV drop — 23.7% change
  • 2023-12-11: Highest IV Rank — 18.3%
  • 2023-12-22: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.66$30.06$31.20$30.69$30.63
Max Pain$30.05$29.00$32.00$29.00$30.00
ATM IV14.8%12.0%17.8%15.7%14.1%
Expected Move4.1%3.4%4.7%4.5%4.0%
HV 20d14.0%10.2%16.2%14.0%15.7%
HV 60d17.3%16.8%18.1%17.3%16.8%
IV Rank8.5%0.0%18.3%5.6%7.6%
IV Percentile5.6%0.0%18.3%6.0%4.0%
Term Structure1.3%-2.0%3.0%-2.0%0.5%
VWIV14.7%13.4%15.8%13.4%14.1%
Skew 25d2.6%-0.2%6.4%4.1%3.8%
Skew 10d5.3%-4.4%23.3%5.6%4.2%
Call IV 25d13.2%9.6%15.1%12.0%11.3%
Put IV 25d15.8%13.8%17.2%16.1%15.0%
Bid-Ask Spread %90.6044.33110.2553.0387.88
Gamma HHI0.400.210.670.640.27
Net GEX36.0K5.1K94.3K49.5K19.7K
Net DEX-465.5K-978.4K-11.5K-532.1K-213.8K
Net VEX-2.2K-3.2K-902-1.3K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.001.580.000.02
Total Volume41.050298061
Total OI699.7566907566753

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$30.69$29.0015.7%4.5%14.0%5.6%0.0%4.1%-2.0%49.5K-532.1K-1.3K0.0053.03N/AN/A00318248
2023-12-04$30.70$30.0015.5%3.6%14.1%5.2%0.0%3.8%3.0%48.5K-570.4K-1.2K0.0092.51N/AN/A01318248
2023-12-05$30.70$30.0015.0%3.9%13.6%7.8%0.0%3.8%3.0%51.4K-559.4K-1.2K0.0096.26N/AN/A02318249
2023-12-06$30.63$30.0015.8%4.2%13.6%11.1%0.0%3.0%2.4%55.5K-537.3K-1.2K0.0094.80N/AN/A50318251
2023-12-07$30.63$30.0015.9%4.0%13.7%11.3%0.0%2.2%2.2%59.9K-558.7K-1.1K0.00102.25N/AN/A00323251
2023-12-08$30.81$30.0014.7%3.8%13.6%7.0%13.4%2.3%2.9%51.3K-658.4K-9020.1855.97N/AN/A25345323247
2023-12-11$30.63$30.0017.8%4.1%13.9%18.3%15.3%2.2%1.9%82.3K-724.1K-2.2K1.58101.05N/AN/A3657538280
2023-12-12$30.48$30.0015.7%4.3%14.2%10.5%0.0%6.4%3.0%94.3K-658.7K-2.6K0.4399.93N/AN/A73567332
2023-12-13$30.95$30.0012.0%3.4%10.3%0.0%15.7%2.1%2.4%37.1K-885.8K-2.5K0.00110.25N/AN/A018574333
2023-12-14$31.20$30.0013.2%3.8%10.2%4.1%0.0%-0.2%1.1%26.9K-978.4K-2.5K0.31100.78N/AN/A134574316
2023-12-15$30.61$30.0015.4%4.4%12.8%12.1%13.7%0.7%-0.6%7.8K-808.7K-2.2K0.28109.37N/AN/A8223567316
2023-12-18$30.62$30.0013.0%3.7%12.2%3.5%15.3%3.7%1.3%12.0K-205.4K-2.6K0.00105.38N/AN/A012397280
2023-12-19$30.89$30.0012.9%3.7%12.2%3.1%15.2%5.1%2.0%17.0K-278.1K-2.6K0.17107.63N/AN/A305397290
2023-12-20$30.06$32.0015.7%4.5%15.7%13.1%14.9%1.7%-0.0%5.1K-11.5K-2.7K1.2588.37N/AN/A45363294
2023-12-21$30.41$30.0015.5%4.4%16.2%12.3%0.0%0.4%0.6%14.4K-197.2K-2.7K0.0088.78N/AN/A00366266
2023-12-22$30.48$30.0016.3%4.7%15.8%15.2%0.0%4.0%-0.4%15.9K-216.7K-2.8K0.0044.33N/AN/A070366266
2023-12-26$30.71$30.0014.0%4.0%16.0%7.2%0.0%2.3%1.0%19.2K-219.3K-3.0K0.1384.84N/AN/A304366326
2023-12-27$30.80$30.0014.1%4.0%15.8%7.4%13.9%1.1%0.8%30.3K-262.2K-3.1K0.00103.20N/AN/A110396326
2023-12-28$30.63$30.0014.2%4.1%15.8%7.9%15.8%0.5%0.3%21.8K-232.8K-3.1K0.0085.34N/AN/A040407326
2023-12-29$30.63$30.0014.1%4.0%15.7%7.6%14.1%3.8%0.5%19.7K-213.8K-3.2K0.0287.88N/AN/A601407346