EWP Options History — February 2024

In February 2024, EWP traded between $28.77 and $29.80. ATM implied volatility averaged 16.2%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 1.3% (HV 20d: 14.9%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 31.33.

Notable Days

  • 2024-02-20: Highest Volume — 427 contracts
  • 2024-02-27: Largest IV spike — 18.4% change
  • 2024-02-05: Highest IV Rank — 22.2%
  • 2024-02-27: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.36$28.77$29.80$29.79$29.23
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV16.2%14.6%18.3%16.7%15.7%
Expected Move4.6%4.2%5.0%4.6%4.5%
HV 20d14.9%12.9%16.6%16.6%14.8%
HV 60d15.6%14.6%16.3%15.9%15.5%
IV Rank15.0%9.4%22.2%16.7%13.0%
IV Percentile19.8%6.3%34.1%21.8%14.7%
Term Structure0.1%-2.2%1.3%0.5%-1.1%
VWIV15.8%14.2%17.5%16.0%14.2%
Skew 25d2.5%-1.0%5.1%3.5%-1.0%
Skew 10d3.3%-5.8%11.8%6.0%-1.0%
Call IV 25d14.9%11.6%16.6%14.9%15.5%
Put IV 25d17.5%14.5%19.6%18.4%14.5%
Bid-Ask Spread %108.9287.48120.44108.45104.76
Gamma HHI0.350.250.470.470.39
Net GEX-78.4K-136.1K-33.7K-87.4K-122.9K
Net DEX606.5K293.2K862.4K468.5K809.1K
Net VEX-3.9K-4.9K-2.7K-4.8K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio31.331.0086.0082.333.22
Total Volume72.75042712438
Total OI1,098.658291,2861,1181,157

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$29.79$30.0016.7%4.6%16.6%16.7%16.0%3.5%0.5%-87.4K468.5K-4.8K0.00108.45N/AN/A0124371747
2024-02-02$29.68$30.0016.3%4.5%15.7%15.3%0.0%2.7%1.3%-98.5K564.1K-4.8K0.00106.90N/AN/A09371794
2024-02-05$29.24$30.0018.3%4.8%16.4%22.2%16.6%1.5%1.1%-92.5K862.4K-4.0K82.33107.35N/AN/A3247371790
2024-02-06$29.32$30.0017.9%4.9%16.1%21.1%0.0%3.3%0.8%-62.7K554.9K-3.9K0.0099.07N/AN/A04371659
2024-02-07$29.11$30.0016.7%4.8%14.6%16.8%16.8%3.0%1.0%-58.3K617.7K-3.5K0.00111.63N/AN/A031371659
2024-02-08$29.05$30.0015.6%4.5%14.2%12.9%16.7%3.3%1.0%-52.7K653.9K-3.8K3.0087.48N/AN/A721371674
2024-02-09$29.13$30.0015.7%4.5%14.2%13.1%15.7%2.5%1.0%-52.5K602.3K-3.2K0.00115.03N/AN/A03378654
2024-02-12$29.21$30.0015.8%4.5%14.2%13.3%14.6%2.5%0.6%-51.2K569.3K-3.4K1.00107.16N/AN/A11378652
2024-02-13$28.77$30.0015.8%4.5%12.9%13.5%0.0%2.8%0.1%-34.6K739.8K-3.4K5.25108.93N/AN/A421379651
2024-02-14$29.01$30.0015.8%4.5%12.9%13.5%0.0%2.5%-0.5%-43.1K659.4K-3.0K0.00109.89N/AN/A00379643
2024-02-15$29.19$30.0015.7%4.5%13.1%13.2%0.0%3.0%-0.3%-40.8K465.3K-3.2K0.00108.84N/AN/A046379603
2024-02-16$28.82$30.0016.3%4.7%13.8%15.2%0.0%0.8%-1.4%-38.4K581.1K-2.7K0.00119.47N/AN/A04372572
2024-02-20$29.52$30.0016.6%4.8%16.3%16.3%17.5%2.5%-0.4%-33.7K293.2K-2.9K37.82118.29N/AN/A11416304525
2024-02-21$29.76$30.0016.0%4.6%16.1%14.3%17.1%3.3%-0.1%-100.0K599.8K-4.5K0.00120.44N/AN/A052317913
2024-02-22$29.80$30.0016.0%4.6%15.7%14.3%15.3%2.4%0.1%-112.3K618.3K-4.5K3.33118.36N/AN/A310317956
2024-02-23$29.74$30.0015.0%4.3%15.5%10.5%14.8%5.1%-0.2%-121.9K627.2K-4.4K0.00119.01N/AN/A040320956
2024-02-26$29.73$30.0014.6%4.2%15.4%9.4%15.1%3.9%0.6%-136.1K637.4K-4.9K84.33106.03N/AN/A3253320966
2024-02-27$29.68$30.0017.3%5.0%15.3%18.9%16.0%1.5%-2.2%-110.0K556.8K-4.5K86.00101.86N/AN/A186321856
2024-02-28$29.48$30.0016.4%4.7%14.6%15.7%14.7%1.6%-0.6%-118.6K649.0K-4.3K7.0099.43N/AN/A214320836
2024-02-29$29.23$30.0015.7%4.5%14.8%13.0%14.2%-1.0%-1.1%-122.9K809.1K-4.3K3.22104.76N/AN/A929319838