EWP Options History — January 2024

In January 2024, EWP traded between $29.19 and $30.82. ATM implied volatility averaged 16.4%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 0.6% (HV 20d: 17.0%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 9.56.

Notable Days

  • 2024-01-31: Highest Volume — 617 contracts
  • 2024-01-04: Largest IV drop — 22.6% change
  • 2024-01-17: Highest IV Rank — 24.1%
  • 2024-01-17: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.84$29.19$30.82$30.46$29.52
Max Pain$30.71$30.00$32.00$30.00$30.00
ATM IV16.4%13.6%18.8%15.9%18.5%
Expected Move4.8%4.4%5.4%4.6%5.3%
HV 20d17.0%15.2%19.2%15.6%16.6%
HV 60d16.8%15.9%17.2%16.9%15.9%
IV Rank15.6%5.7%24.1%13.8%23.0%
IV Percentile18.6%2.4%37.3%12.7%35.3%
Term Structure0.3%-2.8%2.5%0.1%-2.8%
VWIV17.3%15.2%25.4%16.9%18.9%
Skew 25d3.1%-2.3%5.4%-2.3%4.8%
Skew 10d7.1%-2.1%14.9%-2.1%14.9%
Call IV 25d15.2%13.2%17.2%16.5%15.7%
Put IV 25d18.3%14.2%20.5%14.2%20.5%
Bid-Ask Spread %93.9637.19111.0387.97103.92
Gamma HHI0.230.140.300.210.14
Net GEX3.3K-20.0K20.2K9.6K4.4K
Net DEX-67.9K-225.4K122.5K-116.8K-171.3K
Net VEX-3.0K-3.6K-2.5K-3.0K-3.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.560.00101.830.42101.83
Total Volume53.714061727617
Total OI710.238497814742724

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$30.46$30.0015.9%4.6%15.6%13.8%16.9%-2.3%0.1%9.6K-116.8K-3.0K0.4287.97N/AN/A198397345
2024-01-03$30.14$30.0017.6%5.0%16.0%19.8%17.5%1.4%-0.7%-2.2K-28.5K-2.9K0.0049.33N/AN/A08405346
2024-01-04$30.57$32.0013.6%4.6%16.9%5.7%16.2%2.8%0.8%13.3K-182.4K-3.1K0.6389.11N/AN/A85405347
2024-01-05$30.59$32.0014.6%4.4%16.9%9.1%0.0%3.5%1.7%14.2K-220.7K-3.1K0.1291.61N/AN/A10012413352
2024-01-08$30.82$32.0014.1%4.4%17.1%7.3%17.4%3.9%1.1%20.2K-225.4K-3.0K0.0095.72N/AN/A20413361
2024-01-09$30.16$32.0015.8%4.6%18.6%13.3%0.0%2.9%0.8%-7.2K-48.1K-2.9K0.0093.16N/AN/A00414361
2024-01-10$30.39$32.0015.8%4.5%18.8%13.5%15.8%3.4%1.8%1.6K-147.8K-3.0K0.00100.40N/AN/A05414361
2024-01-11$30.23$32.0015.4%4.4%18.8%12.0%15.2%2.5%1.5%-13.2K-100.9K-3.0K0.50101.13N/AN/A21414366
2024-01-12$30.34$32.0015.6%4.5%18.0%12.8%15.2%2.3%2.5%-10.3K-115.0K-2.9K0.0099.63N/AN/A150416367
2024-01-16$29.66$31.0016.2%4.6%19.2%14.9%0.0%4.1%0.9%-20.0K81.1K-2.8K0.00101.93N/AN/A025431367
2024-01-17$29.34$30.0018.8%5.4%18.4%24.1%0.0%3.8%0.4%-2.7K122.5K-2.9K0.0097.53N/AN/A08436368
2024-01-18$29.38$30.0018.1%5.2%18.5%21.8%25.4%3.1%-0.2%-3.9K92.5K-2.9K0.00103.58N/AN/A011442372
2024-01-19$29.41$30.0017.5%5.0%18.1%19.5%18.1%3.7%0.7%3.1K87.3K-2.8K1.30108.46N/AN/A1013442361
2024-01-22$29.52$30.0015.4%4.4%15.6%12.1%0.0%2.3%-0.6%5.6K-76.3K-2.8K0.0037.19N/AN/A50313184
2024-01-23$29.20$30.0017.5%5.0%15.2%19.7%16.5%5.4%-0.6%6.3K3.7K-2.5K0.00104.33N/AN/A490318184
2024-01-24$29.49$30.0016.5%4.7%15.8%16.0%17.3%1.7%0.3%11.3K-144.6K-2.9K0.33103.23N/AN/A217357184
2024-01-25$29.27$30.0017.3%5.0%15.5%18.8%15.8%3.6%-0.4%11.7K-28.1K-2.7K0.0079.71N/AN/A02365191
2024-01-26$29.36$30.0017.2%4.9%15.5%18.3%0.0%3.6%0.4%11.8K-115.9K-2.9K0.00109.59N/AN/A0150365189
2024-01-29$29.19$30.0016.9%4.9%15.5%17.5%16.9%3.0%0.2%7.1K-643-3.2K0.00104.55N/AN/A017365339
2024-01-30$29.62$30.0016.4%4.7%16.6%15.6%15.8%5.0%-1.2%7.7K-91.5K-3.4K0.00111.03N/AN/A08365356
2024-01-31$29.52$30.0018.5%5.3%16.6%23.0%18.9%4.8%-2.8%4.4K-171.3K-3.6K101.83103.92N/AN/A6611365359