EWP Options History — July 2024

In July 2024, EWP traded between $31.39 and $32.89. ATM implied volatility averaged 15.3%, placing in the 33.9% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 1.4% (HV 20d: 16.8%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.39.

Notable Days

  • 2024-07-08: Highest Volume — 185 contracts
  • 2024-07-08: Largest IV drop — 40.6% change
  • 2024-07-19: Highest IV Rank — 64.5%
  • 2024-07-19: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.43$31.39$32.89$31.66$32.48
Max Pain$30.86$30.00$31.00$30.00$31.00
ATM IV15.3%10.6%19.5%12.7%16.0%
Expected Move4.5%3.6%5.6%3.6%4.6%
HV 20d16.8%12.9%20.9%19.3%13.0%
HV 60d17.3%16.0%18.0%17.6%16.1%
IV Rank33.9%0.0%64.5%11.8%39.4%
IV Percentile35.6%0.0%78.6%4.8%47.6%
Term Structure10.5%-5.3%31.1%5.3%-2.8%
VWIV17.7%14.9%26.7%26.7%14.9%
Skew 25d1.4%-5.2%7.7%3.0%3.4%
Skew 10d-3.8%-17.8%14.0%7.1%-2.2%
Call IV 25d13.2%10.4%17.6%10.6%13.7%
Put IV 25d14.6%11.2%19.6%13.6%17.1%
Bid-Ask Spread %113.43104.25121.77121.53113.97
Gamma HHI0.430.270.690.400.29
Net GEX67.0K20.1K130.2K32.4K50.5K
Net DEX-314.9K-665.2K-30.3K-105.8K-261.4K
Net VEX-1.5K-1.9K-861-1.7K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.0014.000.000.25
Total Volume19.4090185325
Total OI742.818429930829501

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$31.66$30.0012.7%3.6%19.3%11.8%26.7%3.0%5.3%32.4K-105.8K-1.7K0.00121.53N/AN/A320338491
2024-07-02$31.39$30.0017.4%5.0%19.0%46.9%0.0%3.6%-5.3%20.1K-30.3K-1.7K0.00117.53N/AN/A01330491
2024-07-03$31.91$30.0016.8%4.8%20.1%42.3%0.0%6.5%0.2%46.6K-181.7K-1.6K0.00121.77N/AN/A00330491
2024-07-05$32.17$31.0017.8%3.8%20.3%50.2%16.8%7.7%18.9%63.2K-147.9K-1.8K0.00108.14N/AN/A500329491
2024-07-08$32.09$31.0010.6%5.0%20.1%0.0%17.0%0.3%10.9%66.0K-257.3K-1.4K0.00112.47N/AN/A1850377491
2024-07-09$31.79$31.0013.5%5.1%19.9%21.1%17.9%3.0%23.3%56.3K-206.1K-1.9K0.00115.98N/AN/A20427491
2024-07-10$32.30$31.0014.3%4.1%20.9%26.6%0.0%-4.2%14.5%87.7K-425.6K-1.8K0.00120.38N/AN/A20429491
2024-07-11$32.67$31.0016.7%4.8%18.1%44.2%15.8%-2.8%23.5%125.7K-572.2K-1.6K0.00108.15N/AN/A150428491
2024-07-12$32.89$31.0013.3%3.8%18.1%19.2%0.0%-2.1%15.9%125.2K-665.2K-1.5K14.00112.05N/AN/A114425491
2024-07-15$32.53$31.0017.2%4.9%17.1%47.6%0.0%5.1%31.1%98.7K-420.4K-1.9K0.00121.04N/AN/A00424505
2024-07-16$32.55$31.0014.9%4.3%16.2%31.4%0.0%4.8%20.3%105.3K-419.8K-1.8K0.00115.77N/AN/A200424505
2024-07-17$32.67$31.0017.0%4.9%16.2%46.1%0.0%2.0%19.7%130.2K-444.8K-1.6K0.00104.25N/AN/A00412505
2024-07-18$32.64$31.0017.9%5.1%16.0%53.1%18.5%-5.2%26.5%128.9K-465.7K-8770.00111.06N/AN/A60412505
2024-07-19$32.47$31.0019.5%5.6%16.1%64.5%0.0%3.9%23.8%27.9K-356.5K-8610.00112.98N/AN/A20425505
2024-07-22$32.89$31.0015.5%4.5%15.7%35.7%15.5%-1.9%-1.1%31.9K-249.1K-1.0K0.00109.43N/AN/A610176253
2024-07-23$32.78$31.0014.5%4.1%14.8%28.1%0.0%-0.1%1.7%42.4K-265.7K-1.7K0.00112.29N/AN/A100232253
2024-07-24$32.73$31.0016.0%4.6%14.7%39.1%16.0%-0.6%0.7%40.7K-263.0K-1.6K0.00111.54N/AN/A110232253
2024-07-25$32.69$31.0015.7%4.5%13.7%37.1%0.0%5.2%0.1%45.0K-297.7K-1.4K0.00111.22N/AN/A00243253
2024-07-26$32.80$31.0012.9%3.7%13.5%16.5%0.0%4.2%0.9%45.1K-307.4K-1.4K0.00108.87N/AN/A00243253
2024-07-29$32.66$31.0014.7%4.2%13.7%29.8%0.0%-2.2%0.6%51.4K-273.3K-1.2K8.00109.75N/AN/A18243253
2024-07-30$32.78$31.0012.8%3.7%12.9%16.1%0.0%-2.0%2.3%53.5K-310.7K-1.2K0.00115.25N/AN/A10244256
2024-07-31$32.48$31.0016.0%4.6%13.0%39.4%14.9%3.4%-2.8%50.5K-261.4K-1.3K0.25113.97N/AN/A41245256