EWP Options History — March 2024

In March 2024, EWP traded between $29.48 and $32.34. ATM implied volatility averaged 14.7%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 0.0% (HV 20d: 14.7%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 3.23.

Notable Days

2024-03-01: Highest Volume — 66 contracts
2024-03-11: Largest IV spike — 29.8% change
2024-03-18: Highest IV Rank — 21.6%
2024-03-18: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.96	$29.48	$32.34	$29.48	$32.16
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	14.7%	11.8%	17.8%	15.4%	12.6%
Expected Move	4.1%	3.4%	4.8%	4.4%	3.6%
HV 20d	14.7%	13.3%	16.4%	14.8%	13.3%
HV 60d	15.7%	15.1%	16.4%	15.6%	15.4%
IV Rank	10.8%	0.0%	21.6%	12.2%	3.2%
IV Percentile	11.7%	0.0%	38.9%	11.9%	1.2%
Term Structure	13.1%	-1.4%	40.9%	-0.8%	1.2%
VWIV	15.8%	13.4%	23.5%	15.9%	23.5%
Skew 25d	2.1%	-4.4%	5.6%	-4.4%	-2.4%
Skew 10d	1.5%	-26.3%	10.7%	-26.3%	-3.1%
Call IV 25d	13.3%	10.0%	19.2%	19.2%	14.0%
Put IV 25d	15.4%	11.0%	17.7%	14.8%	11.6%
Bid-Ask Spread %	104.96	92.39	111.87	105.70	108.29
Gamma HHI	0.29	0.19	0.39	0.38	0.31
Net GEX	-39.6K	-138.2K	20.1K	-124.6K	20.1K
Net DEX	-121.1K	-598.9K	697.0K	633.4K	-557.6K
Net VEX	-3.3K	-4.4K	-2.1K	-4.1K	-2.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.23	0.00	13.00	1.50	0.00
Total Volume	13.85	0	66	66	1
Total OI	1,100.3	921	1,233	1,160	959

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-03-01	$29.48	$30.00	15.4%	4.4%	14.8%	12.2%	0.0%	-4.4%	-0.8%	-124.6K	633.4K	-4.1K	0.00	105.70	N/A	N/A	0	66	328	832
2024-03-04	$29.52	$30.00	15.0%	4.5%	14.8%	10.6%	0.0%	2.4%	19.8%	-138.2K	697.0K	-4.3K	1.50	92.39	N/A	N/A	8	12	328	897
2024-03-05	$29.63	$30.00	14.8%	4.3%	13.8%	9.9%	15.9%	1.6%	20.8%	-126.9K	605.3K	-4.4K	4.50	92.64	N/A	N/A	6	27	334	899
2024-03-06	$30.02	$30.00	15.3%	4.3%	14.4%	11.7%	15.8%	4.3%	20.9%	-125.0K	329.6K	-4.3K	9.50	109.99	N/A	N/A	2	19	331	889
2024-03-07	$30.63	$30.00	16.8%	3.6%	15.5%	16.9%	13.8%	5.0%	24.4%	-68.2K	-53.0K	-3.9K	13.00	109.03	N/A	N/A	2	26	333	897
2024-03-08	$30.52	$30.00	13.7%	4.0%	15.6%	6.0%	0.0%	1.5%	23.7%	-74.3K	-15.6K	-3.9K	0.00	109.00	N/A	N/A	0	0	333	889
2024-03-11	$30.68	$30.00	17.8%	3.7%	15.6%	20.5%	0.0%	5.6%	26.8%	-59.6K	-91.6K	-3.5K	0.00	111.69	N/A	N/A	0	0	333	889
2024-03-12	$30.77	$30.00	16.3%	4.0%	15.6%	15.1%	14.5%	5.1%	22.8%	-44.5K	-139.7K	-3.5K	0.00	109.84	N/A	N/A	1	0	333	889
2024-03-13	$31.11	$30.00	13.7%	3.9%	14.4%	6.1%	0.0%	1.4%	22.7%	-4.7K	-340.0K	-3.2K	0.00	109.48	N/A	N/A	0	0	334	888
2024-03-14	$30.59	$30.00	11.8%	3.4%	16.1%	0.0%	0.0%	5.4%	40.9%	-68.6K	-41.0K	-3.6K	0.00	111.42	N/A	N/A	0	0	334	888
2024-03-15	$30.96	$30.00	13.7%	3.9%	16.4%	8.4%	13.4%	5.3%	37.6%	3.4K	-291.4K	-3.2K	0.00	108.41	N/A	N/A	22	0	334	888
2024-03-18	$30.94	$30.00	16.7%	4.8%	15.4%	21.6%	17.0%	3.4%	-1.0%	-12.4K	-159.7K	-3.6K	0.00	97.41	N/A	N/A	0	30	320	601
2024-03-19	$31.09	$30.00	15.3%	4.4%	13.4%	15.3%	0.0%	3.4%	-0.4%	-12.7K	-214.2K	-3.2K	0.00	96.50	N/A	N/A	1	0	320	631
2024-03-20	$31.62	$30.00	15.0%	4.3%	14.2%	13.8%	14.9%	2.7%	0.7%	-2.8K	-362.5K	-2.9K	0.00	102.26	N/A	N/A	15	0	321	631
2024-03-21	$31.61	$30.00	13.8%	3.9%	14.2%	8.5%	13.8%	0.6%	2.1%	4.7K	-416.2K	-2.9K	7.00	98.08	N/A	N/A	2	14	328	631
2024-03-22	$31.76	$30.00	14.7%	4.2%	14.1%	12.6%	0.0%	-0.7%	-1.4%	3.4K	-410.1K	-2.8K	0.00	100.30	N/A	N/A	0	0	329	641
2024-03-25	$31.91	$30.00	15.3%	4.4%	14.0%	15.3%	15.3%	1.0%	-0.2%	5.4K	-456.6K	-2.6K	0.00	107.00	N/A	N/A	0	8	329	641
2024-03-26	$31.95	$30.00	12.5%	3.6%	13.9%	2.8%	0.0%	0.3%	1.1%	16.2K	-539.0K	-2.5K	0.00	107.91	N/A	N/A	0	0	329	633
2024-03-27	$32.34	$30.00	13.2%	3.8%	13.7%	6.1%	23.5%	0.5%	-0.1%	18.0K	-598.9K	-2.1K	0.00	111.87	N/A	N/A	15	0	329	633
2024-03-28	$32.16	$30.00	12.6%	3.6%	13.3%	3.2%	0.0%	-2.4%	1.2%	20.1K	-557.6K	-2.2K	0.00	108.29	N/A	N/A	1	0	326	633