EWP Options History — April 2024

In April 2024, EWP traded between $30.41 and $32.30. ATM implied volatility averaged 16.5%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 2.4% (HV 20d: 14.1%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.20.

Notable Days

  • 2024-04-22: Highest Volume — 32 contracts
  • 2024-04-22: Largest IV drop — 37.9% change
  • 2024-04-19: Highest IV Rank — 52.3%
  • 2024-04-19: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.54$30.41$32.30$32.05$31.38
Max Pain$30.32$30.00$32.00$30.00$30.00
ATM IV16.5%14.4%23.6%15.7%18.0%
Expected Move4.7%3.8%6.8%4.5%5.1%
HV 20d14.1%12.5%18.5%13.6%18.5%
HV 60d14.7%14.1%15.9%15.2%15.9%
IV Rank20.5%11.2%52.3%17.2%27.1%
IV Percentile31.4%8.7%96.4%23.4%53.6%
Term Structure12.8%-2.5%34.4%-1.6%-2.5%
VWIV17.8%12.9%35.4%12.9%14.7%
Skew 25d2.1%-11.5%12.4%2.1%3.6%
Skew 10d2.3%-19.3%34.0%-19.3%0.9%
Call IV 25d14.3%10.1%25.4%11.7%13.8%
Put IV 25d16.4%13.1%24.9%13.8%17.4%
Bid-Ask Spread %112.17105.35115.61109.33115.61
Gamma HHI0.310.160.560.250.36
Net GEX10.2K-20.3K28.9K13.0K6.1K
Net DEX-329.4K-539.6K-73.6K-496.2K-185.9K
Net VEX-2.1K-2.5K-1.6K-2.5K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.002.000.000.00
Total Volume7.409032413
Total OI813.6824751,004958492

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$32.05$30.0015.7%4.5%13.6%17.2%12.9%2.1%-1.6%13.0K-496.2K-2.5K0.00109.33N/AN/A04325633
2024-04-02$31.84$30.0015.2%4.4%14.1%14.9%35.4%-0.5%-0.9%14.9K-476.3K-2.5K0.00105.35N/AN/A02325629
2024-04-03$32.11$30.0015.6%4.5%14.2%16.8%15.6%-11.5%-0.8%18.3K-535.8K-2.3K0.00110.55N/AN/A10325627
2024-04-04$32.08$0.0016.3%4.2%13.8%19.6%0.0%4.2%23.1%18.8K-523.2K-2.2K0.00115.01N/AN/A00325627
2024-04-05$31.88$0.0015.4%4.5%12.7%15.6%0.0%12.4%21.7%19.4K-496.2K-2.3K0.00111.17N/AN/A00325627
2024-04-08$32.03$0.0017.8%4.7%12.6%26.4%17.2%0.4%20.7%19.7K-539.6K-2.2K0.00110.69N/AN/A07325626
2024-04-09$31.88$32.0014.5%3.8%12.8%11.9%0.0%7.4%26.4%21.9K-508.8K-2.3K0.00113.22N/AN/A00325633
2024-04-10$31.32$32.0015.7%4.5%14.5%17.1%0.0%3.0%23.4%9.1K-335.4K-2.4K0.00112.21N/AN/A00325633
2024-04-11$31.11$32.0015.3%4.4%14.3%15.4%0.0%-1.7%23.8%8.1K-306.1K-2.3K0.00111.58N/AN/A00325633
2024-04-12$30.73$30.0019.3%5.5%13.6%33.1%13.9%1.1%21.8%569-214.7K-2.3K0.00110.42N/AN/A210336633
2024-04-15$30.54$30.0018.2%5.2%13.0%28.2%0.0%2.8%27.6%-12.6K-133.6K-2.4K0.00111.01N/AN/A00357633
2024-04-16$30.41$30.0018.4%5.3%13.1%28.8%0.0%0.9%20.7%-20.3K-73.6K-2.4K0.00114.62N/AN/A023357633
2024-04-17$30.81$30.0016.8%4.8%13.9%22.0%0.0%6.4%11.9%17.4K-300.1K-1.8K0.00114.89N/AN/A150357618
2024-04-18$30.96$30.0017.4%5.0%12.5%24.8%0.0%-0.2%34.4%19.6K-369.8K-2.1K0.00113.27N/AN/A014372618
2024-04-19$30.93$30.0023.6%6.8%12.5%52.3%0.0%1.2%20.6%28.9K-329.1K-1.6K0.00114.07N/AN/A110372632
2024-04-22$31.45$30.0014.7%4.2%13.9%12.5%15.1%3.2%4.4%9.1K-212.3K-1.8K0.00112.89N/AN/A320219267
2024-04-23$32.09$30.0015.4%4.4%15.6%15.6%0.0%3.9%0.4%14.4K-246.7K-1.6K0.00110.55N/AN/A60208267
2024-04-24$31.95$30.0014.4%4.1%15.7%11.2%14.7%1.1%1.7%3.0K-219.1K-2.1K0.00114.26N/AN/A30213267
2024-04-25$31.86$30.0014.5%4.2%15.0%11.9%0.0%-2.5%1.6%5.9K-229.5K-1.9K0.00110.05N/AN/A00216267
2024-04-26$32.20$30.0015.2%4.3%15.4%14.7%0.0%3.5%0.9%3.7K-246.5K-2.0K0.00113.28N/AN/A80216267
2024-04-29$32.30$30.0014.8%4.3%15.4%13.3%0.0%5.7%1.7%6.2K-267.6K-2.0K2.00113.73N/AN/A12224267
2024-04-30$31.38$30.0018.0%5.1%18.5%27.1%0.0%3.6%-2.5%6.1K-185.9K-2.1K0.00115.61N/AN/A130225267