EWP Options History — November 2024

In November 2024, EWP traded between $32.11 and $34.70. ATM implied volatility averaged 31.7%, placing in the 71.1% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 9.9% (HV 20d: 21.8%). Max pain ranged from $33.00 to $45.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.80.

Notable Days

2024-11-20: Highest Volume — 49 contracts
2024-11-19: Largest IV spike — 114.1% change
2024-11-12: Highest IV Rank — 100.0%
2024-11-26: Largest Expected Move — 14.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.98	$32.11	$34.70	$34.27	$32.78
Max Pain	$37.15	$33.00	$45.00	$33.00	$45.00
ATM IV	31.7%	15.4%	49.7%	18.5%	46.2%
Expected Move	10.3%	5.3%	14.3%	5.3%	13.2%
HV 20d	21.8%	13.0%	23.8%	13.0%	23.7%
HV 60d	17.6%	14.6%	18.5%	14.6%	17.8%
IV Rank	71.1%	25.5%	100.0%	38.7%	91.3%
IV Percentile	91.7%	51.2%	100.0%	92.5%	99.2%
Term Structure	3.8%	-22.4%	22.9%	-5.7%	-22.4%
VWIV	31.0%	15.5%	66.8%	31.9%	15.5%
Skew 25d	18.3%	-12.3%	59.5%	-3.8%	24.8%
Skew 10d	21.7%	-8.2%	63.5%	-8.2%	12.9%
Call IV 25d	19.9%	12.3%	37.2%	21.9%	25.7%
Put IV 25d	38.3%	13.5%	79.2%	18.1%	50.4%
Bid-Ask Spread %	141.37	133.05	146.55	133.05	142.52
Gamma HHI	0.23	0.18	0.41	0.20	0.21
Net GEX	1.1K	-7.7K	7.1K	3.9K	3.2K
Net DEX	77.4K	-77.5K	257.8K	-42.9K	235.7K
Net VEX	-599	-763	-455	-763	-522
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.80	0.00	10.00	0.00	0.00
Total Volume	4.8	0	49	1	0
Total OI	175.15	132	197	170	197

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
2024-11-01	$34.27	$33.00	18.5%	5.3%	13.0%	38.7%	31.9%	-3.8%	-5.7%	3.9K	-42.9K	-763	0.00	133.05	N/A	N/A	1	0	103	67
2024-11-04	$34.39	$34.00	15.4%	8.0%	13.0%	25.5%	0.0%	39.8%	20.3%	4.1K	-45.8K	-715	0.80	138.22	N/A	N/A	5	4	104	67
2024-11-05	$34.70	$34.00	19.5%	9.5%	13.1%	42.7%	31.3%	46.7%	2.2%	7.1K	-77.5K	-750	0.00	138.94	N/A	N/A	1	0	109	70
2024-11-06	$32.98	$34.00	15.7%	8.3%	22.4%	26.8%	66.8%	39.1%	22.9%	-2.5K	-10.6K	-740	0.00	142.09	N/A	N/A	0	1	109	70
2024-11-07	$33.44	$34.00	23.0%	10.6%	22.7%	57.4%	0.0%	46.6%	19.6%	764	-23.2K	-742	0.00	145.82	N/A	N/A	0	0	109	73
2024-11-08	$33.04	$34.00	15.7%	11.1%	22.8%	26.9%	0.0%	-8.2%	1.1%	-3.1K	23.1K	-652	0.00	134.32	N/A	N/A	0	0	109	73
2024-11-11	$32.92	$34.00	20.2%	6.8%	22.5%	45.6%	0.0%	12.8%	14.4%	-7.7K	-12.2K	-707	0.00	143.00	N/A	N/A	0	0	109	73
2024-11-12	$32.27	$34.00	35.1%	11.5%	23.3%	100.0%	0.0%	15.2%	17.4%	-4.2K	44.8K	-644	0.00	135.69	N/A	N/A	0	0	109	73
2024-11-13	$32.11	$34.00	31.2%	8.9%	23.1%	84.9%	0.0%	-6.0%	10.5%	-2.6K	49.6K	-636	0.00	141.81	N/A	N/A	0	15	109	73
2024-11-14	$32.36	$34.00	29.2%	8.4%	23.3%	77.3%	0.0%	17.8%	18.6%	860	19.2K	-608	0.00	143.34	N/A	N/A	0	0	109	63
2024-11-15	$32.80	$34.00	36.1%	10.4%	23.7%	100.0%	0.0%	2.5%	12.0%	2.4K	-8.6K	-635	0.00	146.55	N/A	N/A	0	0	109	57
2024-11-18	$33.05	$34.00	19.1%	5.5%	23.8%	36.7%	18.4%	1.8%	2.2%	2.7K	55.1K	-494	0.00	133.57	N/A	N/A	1	0	77	55
2024-11-19	$32.89	$33.00	40.9%	11.7%	23.8%	100.0%	0.0%	9.2%	-12.0%	2.6K	53.0K	-504	0.00	143.10	N/A	N/A	0	0	78	55
2024-11-20	$32.77	$33.00	41.5%	11.9%	23.8%	100.0%	0.0%	56.5%	-3.7%	2.6K	61.8K	-479	0.00	144.89	N/A	N/A	0	49	78	55
2024-11-21	$32.59	$45.00	41.2%	11.8%	23.7%	99.0%	22.0%	3.1%	-3.4%	2.5K	232.8K	-483	10.00	143.95	N/A	N/A	1	10	78	107
2024-11-22	$32.34	$45.00	49.2%	14.1%	23.7%	100.0%	0.0%	-4.0%	-16.5%	1.9K	257.8K	-455	0.00	142.04	N/A	N/A	0	0	79	113
2024-11-25	$32.78	$45.00	41.5%	11.9%	23.7%	80.7%	15.5%	-12.3%	2.9%	2.0K	243.1K	-486	0.00	143.37	N/A	N/A	4	0	79	113
2024-11-26	$32.48	$45.00	49.7%	14.3%	23.5%	100.0%	0.0%	59.5%	2.3%	2.7K	251.1K	-466	0.00	145.45	N/A	N/A	0	0	83	113
2024-11-27	$32.70	$45.00	45.5%	13.0%	23.6%	89.4%	0.0%	25.2%	-7.3%	3.6K	242.3K	-490	0.00	145.66	N/A	N/A	0	4	83	113
2024-11-29	$32.78	$45.00	46.2%	13.2%	23.7%	91.3%	0.0%	24.8%	-22.4%	3.2K	235.7K	-522	0.00	142.52	N/A	N/A	0	0	83	114