EA Options History — August 2017

In August 2017, EA traded between $114.07 and $121.38. ATM implied volatility averaged 23.8%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 4.8% (HV 20d: 18.9%). Max pain ranged from $105.00 to $115.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 2.01.

Notable Days

2017-08-03: Highest Volume — 23,497 contracts
2017-08-14: Largest IV drop — 8.9% change
2017-08-11: Highest IV Rank — 33.7%
2017-08-11: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$117.64	$114.07	$121.38	$116.73	$121.34
Max Pain	$107.17	$105.00	$115.00	$115.00	$110.00
ATM IV	23.8%	22.3%	25.4%	25.1%	22.6%
Expected Move	6.8%	6.1%	7.3%	6.9%	6.5%
HV 20d	18.9%	17.8%	21.6%	18.3%	18.5%
HV 60d	22.9%	20.0%	34.7%	34.6%	20.5%
IV Rank	25.1%	17.5%	33.7%	32.0%	18.9%
IV Percentile	40.6%	28.6%	56.7%	54.0%	29.0%
Term Structure	0.3%	-1.0%	1.7%	-1.0%	1.5%
VWIV	24.4%	22.0%	29.4%	24.9%	24.2%
Skew 25d	2.4%	1.4%	3.4%	2.7%	2.0%
Skew 10d	6.0%	3.4%	10.8%	4.2%	5.7%
Call IV 25d	23.2%	22.0%	25.1%	24.1%	22.6%
Put IV 25d	25.6%	24.3%	27.6%	26.8%	24.5%
Bid-Ask Spread %	37.70	13.26	65.01	43.22	56.82
Gamma HHI	0.31	0.21	0.74	0.36	0.24
Net GEX	-8.3M	-131.1M	9.1M	-12.4M	9.1M
Net DEX	-162.5M	-250.7M	-40.2M	-114.7M	-250.7M
Net VEX	-1.1M	-1.2M	-1.0M	-1.1M	-1.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.01	0.98	3.23	1.32	2.40
Total Volume	11,432.478	8,019	23,497	9,718	10,422
Total OI	99,296.391	80,813	114,950	100,652	87,273

Daily Data (23 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
2017-08-01	$116.73	$115.00	25.1%	6.9%	18.3%	32.0%	24.9%	2.7%	-1.0%	-12.4M	-114.7M	-1.1M	1.32	43.22	N/A	N/A	4,181	5,537	32,292	68,360
2017-08-02	$116.71	$115.00	24.8%	7.2%	18.0%	30.8%	26.8%	1.7%	0.2%	-12.3M	-117.8M	-1.2M	3.23	42.67	N/A	N/A	3,486	11,250	33,934	68,928
2017-08-03	$118.69	$105.00	24.8%	7.1%	17.9%	30.7%	25.3%	1.6%	-0.8%	-5.9M	-166.0M	-1.2M	2.77	49.65	N/A	N/A	6,235	17,262	34,723	71,619
2017-08-04	$116.96	$105.00	23.9%	7.1%	18.8%	26.0%	24.9%	1.4%	-0.8%	-131.1M	-92.3M	-1.2M	3.14	52.59	N/A	N/A	4,612	14,464	36,483	78,467
2017-08-07	$116.79	$105.00	23.6%	7.1%	19.0%	24.3%	25.0%	1.9%	1.7%	-11.1M	-129.8M	-1.2M	1.59	28.36	N/A	N/A	4,503	7,163	35,797	70,420
2017-08-08	$116.30	$105.00	23.8%	7.0%	19.2%	25.2%	25.0%	2.0%	0.7%	-13.1M	-113.7M	-1.2M	1.98	13.26	N/A	N/A	3,092	6,118	36,539	71,900
2017-08-09	$116.10	$105.00	24.2%	7.1%	18.1%	27.6%	25.6%	2.4%	0.4%	-14.0M	-106.3M	-1.2M	1.41	30.24	N/A	N/A	4,448	6,258	36,754	72,391
2017-08-10	$114.07	$105.00	24.9%	7.3%	18.4%	31.4%	27.7%	2.9%	0.9%	-16.9M	-40.2M	-1.2M	1.49	25.52	N/A	N/A	4,442	6,599	37,847	72,859
2017-08-11	$115.46	$105.00	25.4%	7.3%	18.7%	33.7%	29.4%	2.8%	0.4%	-15.0M	-88.8M	-1.2M	2.32	50.37	N/A	N/A	2,418	5,601	38,638	73,344
2017-08-14	$117.14	$105.00	23.1%	6.7%	19.1%	21.7%	23.4%	3.0%	-0.2%	-9.1M	-161.7M	-1.1M	1.76	61.13	N/A	N/A	3,355	5,903	37,750	71,633
2017-08-15	$117.59	$105.00	22.3%	6.4%	19.0%	17.5%	23.1%	3.1%	1.2%	-6.5M	-185.1M	-1.1M	2.00	23.56	N/A	N/A	2,779	5,549	38,019	71,479
2017-08-16	$119.12	$105.00	23.3%	6.7%	19.3%	22.8%	24.4%	2.4%	0.4%	1.3M	-230.3M	-1.0M	1.22	43.08	N/A	N/A	5,097	6,222	38,654	71,741
2017-08-17	$116.88	$105.00	25.3%	7.3%	20.8%	33.5%	24.4%	3.4%	-0.6%	-10.0M	-171.1M	-1.1M	1.28	59.18	N/A	N/A	5,437	6,958	40,570	72,986
2017-08-18	$117.42	$105.00	23.6%	6.7%	20.9%	24.4%	23.2%	2.9%	-0.0%	4.4M	-195.3M	-1.0M	1.63	65.01	N/A	N/A	4,517	7,375	39,394	73,854
2017-08-21	$116.82	$105.00	23.0%	6.6%	20.5%	21.1%	23.5%	2.6%	0.5%	4.6M	-172.7M	-1.0M	2.11	21.34	N/A	N/A	3,023	6,391	34,504	46,309
2017-08-22	$119.30	$105.00	23.6%	6.7%	21.6%	24.4%	23.6%	1.9%	0.2%	6.8M	-212.5M	-1.0M	1.90	26.86	N/A	N/A	3,998	7,605	34,381	46,769
2017-08-23	$118.39	$105.00	23.7%	6.7%	17.8%	24.6%	23.5%	2.4%	0.7%	6.2M	-194.7M	-1.0M	2.84	37.08	N/A	N/A	2,563	7,273	35,296	48,127
2017-08-24	$117.83	$110.00	24.0%	6.8%	17.9%	26.4%	23.9%	2.3%	-0.1%	6.0M	-186.0M	-1.0M	2.04	25.08	N/A	N/A	3,302	6,721	36,156	49,015
2017-08-25	$117.00	$110.00	22.9%	6.3%	18.0%	20.5%	22.6%	1.8%	-0.0%	6.8M	-166.9M	-1.0M	2.44	15.89	N/A	N/A	3,192	7,795	36,326	49,891
2017-08-28	$118.50	$110.00	22.9%	6.3%	18.3%	20.7%	22.5%	2.3%	0.6%	5.7M	-190.2M	-1.0M	2.22	16.31	N/A	N/A	2,756	6,130	34,478	48,110
2017-08-29	$119.20	$110.00	22.5%	6.1%	18.3%	18.2%	22.0%	2.3%	0.0%	7.8M	-206.9M	-1.0M	2.15	35.46	N/A	N/A	2,713	5,833	35,309	48,873
2017-08-30	$121.38	$110.00	23.0%	6.3%	19.3%	21.3%	23.2%	2.6%	1.1%	8.8M	-244.2M	-1.1M	0.98	44.42	N/A	N/A	6,254	6,115	35,982	49,643
2017-08-31	$121.34	$110.00	22.6%	6.5%	18.5%	18.9%	24.2%	2.0%	1.5%	9.1M	-250.7M	-1.0M	2.40	56.82	N/A	N/A	3,067	7,355	36,470	50,803