EWP Options History — May 2024

In May 2024, EWP traded between $31.37 and $33.72. ATM implied volatility averaged 15.3%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 1.5% (HV 20d: 16.8%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.19.

Notable Days

  • 2024-05-03: Highest Volume — 200 contracts
  • 2024-05-23: Largest IV spike — 64.1% change
  • 2024-05-07: Highest IV Rank — 52.2%
  • 2024-05-23: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.87$31.37$33.72$31.37$33.55
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV15.3%11.1%23.6%18.5%14.5%
Expected Move4.1%2.6%6.0%5.3%4.2%
HV 20d16.8%13.5%18.9%18.2%14.4%
HV 60d15.4%14.9%15.8%15.6%15.7%
IV Rank16.2%0.0%52.2%29.6%14.7%
IV Percentile25.7%0.0%95.6%59.5%13.5%
Term Structure7.2%-9.8%44.8%-3.3%-4.0%
VWIV14.7%7.5%21.2%7.5%11.5%
Skew 25d3.6%-8.1%29.4%4.3%14.8%
Skew 10d7.4%-20.4%51.7%-1.4%35.2%
Call IV 25d13.1%9.3%20.8%14.3%14.4%
Put IV 25d16.6%11.6%42.6%18.6%29.2%
Bid-Ask Spread %124.25113.48130.44130.41126.82
Gamma HHI0.470.310.660.340.57
Net GEX27.1K-24462.3K7.2K62.3K
Net DEX-338.9K-530.4K-188.7K-188.7K-428.8K
Net VEX-1.9K-3.1K-1.2K-2.1K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.001.750.000.00
Total Volume14.136020004
Total OI691.773505731505731

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$31.37$30.0018.5%5.3%18.2%29.6%0.0%4.3%-3.3%7.2K-188.7K-2.1K0.00130.41N/AN/A00238267
2024-05-02$31.59$30.0013.8%4.0%18.4%8.5%0.0%0.6%-0.1%6.2K-203.8K-1.9K0.00128.35N/AN/A150238267
2024-05-03$31.76$30.0012.9%3.7%18.4%4.7%0.0%0.9%3.4%6.9K-245.6K-2.0K0.00129.53N/AN/A0200253267
2024-05-06$32.09$30.0015.9%3.4%18.7%17.9%0.0%-0.4%31.4%2.0K-276.2K-2.0K0.00124.87N/AN/A00253467
2024-05-07$32.41$30.0023.6%5.9%18.9%52.2%0.0%4.3%25.3%2.2K-205.4K-3.1K0.00113.48N/AN/A02253467
2024-05-08$32.64$30.0013.0%3.9%17.7%5.1%0.0%-0.2%4.5%-8-230.4K-2.6K0.00121.58N/AN/A00253468
2024-05-09$32.44$30.0017.6%3.7%17.7%25.7%0.0%1.3%28.6%2.9K-277.4K-2.2K0.00121.53N/AN/A00253468
2024-05-10$32.58$30.0015.2%2.6%16.8%14.9%7.5%5.5%44.8%-244-217.4K-2.5K0.00121.25N/AN/A30253468
2024-05-13$32.70$30.0014.9%3.3%16.5%13.4%0.0%3.2%7.8%11.8K-277.2K-2.4K0.00116.26N/AN/A130256468
2024-05-14$33.16$30.0022.7%5.1%16.6%48.3%21.2%-8.1%-3.2%24.6K-448.9K-1.4K0.00120.81N/AN/A30262468
2024-05-15$33.72$30.0013.7%3.9%16.9%8.2%18.5%-0.5%2.4%24.5K-511.7K-1.3K1.75118.49N/AN/A47261468
2024-05-16$33.44$30.0013.4%3.8%17.5%6.9%0.0%5.0%40.8%43.3K-430.7K-1.4K0.00127.32N/AN/A30257469
2024-05-17$33.64$30.0011.5%3.3%17.5%0.0%0.0%13.2%4.9%41.4K-530.4K-1.2K0.00130.44N/AN/A30257469
2024-05-20$33.50$30.0017.0%4.9%17.1%24.0%0.0%0.6%-9.8%40.1K-433.8K-1.2K0.86122.90N/AN/A76233462
2024-05-21$33.59$30.0013.1%3.8%15.8%7.1%0.0%0.9%-2.1%46.7K-451.1K-1.5K0.00119.15N/AN/A00239467
2024-05-22$33.28$30.0012.7%3.7%16.2%5.4%14.6%-2.5%-3.4%32.6K-397.1K-1.3K0.00127.64N/AN/A40239467
2024-05-23$33.00$30.0020.9%6.0%16.5%41.0%0.0%3.9%-6.1%26.2K-271.1K-2.1K0.00123.65N/AN/A70242467
2024-05-24$33.16$30.0011.1%3.2%16.2%0.0%11.5%0.6%1.6%50.4K-409.4K-1.3K0.00125.89N/AN/A270249467
2024-05-28$33.31$30.0014.6%4.2%16.3%14.9%0.0%0.7%-3.0%54.5K-411.0K-1.7K0.00128.45N/AN/A20261467
2024-05-29$32.78$30.0011.9%3.4%13.5%3.4%0.0%1.1%-0.4%54.4K-249.0K-2.2K0.00125.72N/AN/A00263467
2024-05-30$33.34$30.0013.6%3.9%14.4%10.9%0.0%29.4%-2.2%55.4K-361.3K-2.3K0.00129.06N/AN/A10263467
2024-05-31$33.55$30.0014.5%4.2%14.4%14.7%0.0%14.8%-4.0%62.3K-428.8K-2.2K0.00126.82N/AN/A40264467