EA Options History — March 2018

In March 2018, EA traded between $119.49 and $129.23. ATM implied volatility averaged 27.4%, placing in the 40.2% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 0.9% (HV 20d: 26.5%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.18.

Notable Days

  • 2018-03-08: Highest Volume — 101,170 contracts
  • 2018-03-19: Largest IV spike — 24.1% change
  • 2018-03-28: Highest IV Rank — 68.7%
  • 2018-03-28: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$125.41$119.49$129.23$122.14$121.33
Max Pain$121.43$115.00$125.00$115.00$122.00
ATM IV27.4%23.5%33.3%28.0%30.3%
Expected Move8.0%6.9%9.8%8.4%8.6%
HV 20d26.5%20.9%32.4%30.5%32.1%
HV 60d31.2%30.1%33.6%32.5%32.8%
IV Rank40.2%21.7%68.7%43.2%54.2%
IV Percentile62.0%27.4%84.5%69.8%71.8%
Term Structure-0.0%-1.0%0.7%-0.3%-0.1%
VWIV28.2%24.3%34.3%29.8%29.6%
Skew 25d2.6%1.2%4.0%3.0%3.0%
Skew 10d4.6%1.3%8.7%4.6%5.6%
Call IV 25d26.6%23.1%32.1%27.3%29.3%
Put IV 25d29.2%25.3%35.9%30.3%32.4%
Bid-Ask Spread %24.2711.6145.1645.1624.50
Gamma HHI0.180.130.280.190.16
Net GEX59.0M20.3M91.7M68.6M30.0M
Net DEX-1.24B-1.85B-481.6M-1.31B-576.8M
Net VEX-5.1M-6.4M-4.4M-6.4M-4.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.193.740.770.80
Total Volume27,340.4299,000101,17021,02810,721
Total OI337,721.143281,737389,820370,631293,957

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$122.14$115.0028.0%8.4%30.5%43.2%29.8%3.0%-0.3%68.6M-1.31B-6.4M0.7745.16N/AN/A11,8839,145253,328117,303
2018-03-02$125.21$115.0025.6%7.6%31.9%31.7%26.9%3.2%0.7%73.4M-1.57B-6.0M1.6036.36N/AN/A5,4688,747249,615120,442
2018-03-05$126.16$120.0025.3%7.5%30.2%30.2%25.5%3.8%0.4%79.2M-1.64B-6.1M0.8629.09N/AN/A6,5435,651248,212118,145
2018-03-06$124.50$120.0025.8%7.4%29.8%32.3%26.4%3.2%-0.2%78.4M-1.50B-5.9M1.3215.62N/AN/A3,8725,128249,526119,279
2018-03-07$127.12$120.0026.7%8.1%30.5%36.8%27.4%3.9%0.2%79.3M-1.75B-5.9M0.1935.06N/AN/A31,7546,095250,252120,107
2018-03-08$128.72$120.0026.7%7.9%30.8%37.0%27.4%1.4%-0.2%80.0M-1.85B-5.7M0.2727.68N/AN/A79,95321,217249,227121,916
2018-03-09$128.21$120.0024.9%7.3%23.2%28.0%27.4%1.9%-0.2%86.9M-1.77B-5.6M0.6522.18N/AN/A30,47519,915260,522129,298
2018-03-12$128.41$120.0024.9%7.2%21.0%28.0%26.1%1.2%0.7%82.6M-1.71B-5.5M1.1919.33N/AN/A14,52917,240254,837127,940
2018-03-13$126.63$125.0025.1%7.4%21.7%28.9%26.6%2.1%0.3%81.9M-1.48B-5.3M2.2929.22N/AN/A7,89518,070250,084129,102
2018-03-14$128.01$120.0025.8%7.3%21.9%32.4%26.2%1.9%-0.1%82.2M-1.61B-5.2M0.6632.16N/AN/A19,56612,822249,177130,414
2018-03-15$129.23$120.0024.6%7.1%21.8%26.9%26.1%2.4%-0.2%91.7M-1.70B-4.9M0.7835.02N/AN/A15,03611,699245,402131,371
2018-03-16$128.71$125.0023.5%6.9%20.9%21.7%24.3%2.2%0.7%50.7M-1.59B-4.8M0.8934.81N/AN/A16,22214,391239,517131,676
2018-03-19$125.45$125.0029.2%8.4%23.0%49.0%29.2%1.8%0.1%40.2M-905.4M-4.7M0.9117.50N/AN/A16,36214,949177,597104,140
2018-03-20$126.84$123.0027.5%7.9%23.3%40.8%27.6%1.6%-0.2%44.3M-985.6M-4.7M1.0614.02N/AN/A10,36810,947181,082109,396
2018-03-21$126.09$125.0026.8%7.7%23.0%37.4%27.2%1.6%-0.1%43.5M-899.7M-4.5M0.8311.61N/AN/A13,78111,382177,190110,619
2018-03-22$123.24$125.0028.8%8.3%24.4%47.0%28.9%2.6%-1.0%36.6M-692.8M-4.4M1.9616.72N/AN/A7,11113,964174,538111,756
2018-03-23$121.58$123.0030.5%8.7%23.8%55.3%32.3%2.4%0.3%28.8M-589.7M-4.5M1.9219.75N/AN/A7,65114,666174,215113,896
2018-03-26$126.39$122.0029.4%8.3%27.5%49.6%29.2%4.0%-0.8%38.1M-858.7M-4.4M3.7413.53N/AN/A4,24615,891172,757112,696
2018-03-27$120.09$123.0032.5%9.4%32.4%64.7%33.2%3.0%-0.3%21.1M-508.5M-4.4M1.1718.05N/AN/A6,8217,949173,364115,861
2018-03-28$119.49$122.0033.3%9.8%32.0%68.7%34.3%3.8%-0.4%20.3M-481.6M-4.4M0.9112.39N/AN/A7,3386,686175,664116,724
2018-03-29$121.33$122.0030.3%8.6%32.1%54.2%29.6%3.0%-0.1%30.0M-576.8M-4.4M0.8024.50N/AN/A5,9694,752176,857117,100