EA Options History — January 2018

In January 2018, EA traded between $107.36 and $127.45. ATM implied volatility averaged 35.6%, placing in the 81.2% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 7.3% (HV 20d: 28.3%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2018-01-31: Highest Volume — 84,185 contracts
2018-01-31: Largest IV drop — 26.0% change
2018-01-03: Highest IV Rank — 100.0%
2018-01-29: Largest Expected Move — 12.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$114.39	$107.36	$127.45	$109.58	$127.45
Max Pain	$109.52	$105.00	$110.00	$105.00	$110.00
ATM IV	35.6%	26.5%	39.8%	35.7%	26.5%
Expected Move	10.1%	7.4%	12.4%	7.5%	7.9%
HV 20d	28.3%	25.3%	35.1%	31.6%	35.1%
HV 60d	27.2%	25.6%	30.2%	25.6%	30.2%
IV Rank	81.2%	35.9%	100.0%	91.1%	35.9%
IV Percentile	92.3%	67.1%	100.0%	96.4%	67.1%
Term Structure	-1.4%	-2.7%	1.2%	-0.8%	-0.4%
VWIV	35.1%	26.7%	43.8%	26.9%	27.9%
Skew 25d	3.5%	2.3%	5.1%	3.5%	2.3%
Skew 10d	6.6%	-2.9%	14.9%	7.9%	-2.9%
Call IV 25d	34.0%	25.9%	39.5%	35.1%	25.9%
Put IV 25d	37.5%	28.2%	42.1%	38.5%	28.2%
Bid-Ask Spread %	28.16	11.02	54.88	13.85	36.61
Gamma HHI	0.18	0.16	0.22	0.18	0.18
Net GEX	76.9M	54.4M	108.2M	59.7M	108.2M
Net DEX	-1.45B	-2.84B	-800.3M	-995.0M	-2.84B
Net VEX	-7.6M	-7.9M	-7.1M	-7.1M	-7.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.27	1.76	0.60	0.33
Total Volume	29,298.333	10,804	84,185	28,834	84,185
Total OI	468,027.286	426,943	513,491	441,220	479,872

Daily Data (21 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
2018-01-02	$109.58	$105.00	35.7%	7.5%	31.6%	91.1%	26.9%	3.5%	-0.8%	59.7M	-995.0M	-7.1M	0.60	13.85	N/A	N/A	18,027	10,807	300,667	140,553
2018-01-03	$109.79	$105.00	37.8%	7.4%	25.3%	100.0%	26.7%	2.9%	-0.8%	62.4M	-1.03B	-7.3M	0.57	54.88	N/A	N/A	21,282	12,101	307,957	145,024
2018-01-04	$107.36	$110.00	36.5%	10.3%	25.7%	93.0%	36.3%	3.1%	-1.0%	54.4M	-800.3M	-7.1M	1.56	49.02	N/A	N/A	7,336	11,468	318,047	149,427
2018-01-05	$112.37	$110.00	39.8%	10.7%	29.9%	100.0%	36.7%	2.7%	-2.7%	69.0M	-1.37B	-7.8M	0.68	32.48	N/A	N/A	26,177	17,866	319,828	153,518
2018-01-08	$113.32	$110.00	38.6%	10.3%	29.8%	94.2%	36.4%	2.8%	-1.9%	72.2M	-1.43B	-7.9M	1.34	19.94	N/A	N/A	10,112	13,546	320,856	155,660
2018-01-09	$112.29	$110.00	38.6%	10.8%	30.1%	94.3%	36.2%	2.6%	-0.5%	67.0M	-1.30B	-7.7M	1.03	23.70	N/A	N/A	11,610	11,958	318,611	159,170
2018-01-10	$112.23	$110.00	38.2%	10.6%	28.9%	92.4%	38.2%	2.5%	-1.1%	67.2M	-1.32B	-7.8M	1.76	23.90	N/A	N/A	5,861	10,299	323,301	161,992
2018-01-11	$112.13	$110.00	37.5%	10.5%	28.9%	88.6%	36.3%	2.9%	-1.0%	69.8M	-1.29B	-7.8M	0.76	34.23	N/A	N/A	10,828	8,196	325,833	164,771
2018-01-12	$112.88	$110.00	36.1%	10.0%	27.7%	81.9%	34.6%	4.4%	-2.1%	86.3M	-1.42B	-7.8M	0.74	28.99	N/A	N/A	17,666	13,032	331,460	166,586
2018-01-16	$112.06	$110.00	37.6%	10.7%	27.8%	89.5%	35.9%	4.2%	-2.7%	77.9M	-1.31B	-7.6M	0.70	23.21	N/A	N/A	10,718	7,470	335,719	166,180
2018-01-17	$113.10	$110.00	36.5%	10.5%	26.9%	83.9%	36.3%	4.8%	-2.3%	85.1M	-1.44B	-7.7M	1.51	42.60	N/A	N/A	6,551	9,913	339,624	167,178
2018-01-18	$115.42	$110.00	35.9%	10.4%	26.8%	81.0%	35.7%	5.1%	-2.4%	96.1M	-1.72B	-7.8M	0.30	41.15	N/A	N/A	23,725	7,091	342,020	171,471
2018-01-19	$116.14	$110.00	33.2%	9.8%	26.7%	68.0%	34.5%	4.7%	-2.5%	82.1M	-1.82B	-7.7M	0.47	12.78	N/A	N/A	14,729	6,994	340,671	171,816
2018-01-22	$117.99	$110.00	31.3%	9.2%	26.8%	58.9%	33.4%	3.0%	-0.9%	85.9M	-1.65B	-7.6M	0.32	11.07	N/A	N/A	24,482	7,870	303,452	123,491
2018-01-23	$117.77	$110.00	32.1%	9.7%	26.6%	62.9%	33.6%	3.5%	-0.8%	82.9M	-1.59B	-7.6M	0.50	18.97	N/A	N/A	7,721	3,830	302,467	124,670
2018-01-24	$114.59	$110.00	33.9%	10.3%	27.8%	71.6%	34.7%	3.5%	-1.6%	75.4M	-1.27B	-7.3M	0.60	20.81	N/A	N/A	19,038	11,418	302,554	125,473
2018-01-25	$114.42	$110.00	33.5%	10.3%	27.5%	69.4%	34.7%	3.8%	-1.9%	70.9M	-1.24B	-7.4M	0.78	11.02	N/A	N/A	6,084	4,720	304,335	131,905
2018-01-26	$114.93	$110.00	33.6%	10.5%	27.5%	70.2%	35.8%	3.7%	-1.2%	75.2M	-1.30B	-7.4M	0.40	27.42	N/A	N/A	18,231	7,317	305,600	132,829
2018-01-29	$117.94	$110.00	39.4%	12.4%	28.5%	98.0%	43.8%	3.9%	1.2%	80.8M	-1.66B	-7.6M	0.27	32.05	N/A	N/A	25,164	6,849	312,707	129,750
2018-01-30	$118.47	$110.00	35.8%	12.0%	28.3%	80.7%	41.8%	3.7%	-1.5%	85.8M	-1.72B	-7.6M	0.51	32.62	N/A	N/A	41,759	21,234	318,385	133,143
2018-01-31	$127.45	$110.00	26.5%	7.9%	35.1%	35.9%	27.9%	2.3%	-0.4%	108.2M	-2.84B	-7.1M	0.33	36.61	N/A	N/A	63,412	20,773	332,081	147,791