EA Options History — April 2018

In April 2018, EA traded between $116.76 and $125.03. ATM implied volatility averaged 35.3%, placing in the 78.5% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 5.2% (HV 20d: 30.2%). Max pain ranged from $120.00 to $125.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2018-04-27: Highest Volume — 40,124 contracts
  • 2018-04-06: Largest IV spike — 11.6% change
  • 2018-04-24: Highest IV Rank — 99.2%
  • 2018-04-25: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$120.28$116.76$125.03$118.79$118.46
Max Pain$120.86$120.00$125.00$123.00$120.00
ATM IV35.3%30.2%39.7%33.6%34.9%
Expected Move10.6%8.8%12.2%10.4%11.7%
HV 20d30.2%22.8%32.8%31.5%23.8%
HV 60d31.9%28.8%33.1%33.1%28.8%
IV Rank78.5%53.6%99.2%70.2%76.1%
IV Percentile89.0%70.6%99.6%86.1%86.1%
Term Structure0.5%-3.1%12.2%12.2%-1.3%
VWIV37.1%31.0%44.6%36.4%40.1%
Skew 25d3.4%1.9%4.2%2.3%3.5%
Skew 10d6.1%-1.8%9.0%7.4%6.8%
Call IV 25d34.3%28.3%38.0%34.5%32.7%
Put IV 25d37.7%32.4%42.1%36.8%36.1%
Bid-Ask Spread %21.338.3638.9230.9610.79
Gamma HHI0.140.120.160.150.12
Net GEX31.3M18.2M48.4M25.0M48.4M
Net DEX-539.9M-825.9M-374.8M-470.1M-542.9M
Net VEX-3.8M-4.3M-3.4M-4.3M-3.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.141.571.560.28
Total Volume16,074.2388,79340,12411,14118,389
Total OI299,176.381271,486323,044288,076323,044

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$118.79$123.0033.6%10.4%31.5%70.2%36.4%2.3%12.2%25.0M-470.1M-4.3M1.5630.96N/AN/A4,3446,797176,180111,896
2018-04-03$119.50$122.0032.5%9.5%31.4%64.9%33.4%4.1%6.4%26.0M-495.1M-4.2M1.5725.89N/AN/A3,7875,955176,126115,365
2018-04-04$120.51$123.0030.2%8.8%31.4%53.6%31.0%3.6%7.1%28.0M-536.7M-4.1M0.8933.05N/AN/A5,4744,846176,819118,234
2018-04-05$121.35$120.0031.1%10.2%30.4%58.0%35.1%4.1%6.7%30.6M-580.8M-4.1M1.1924.88N/AN/A4,0174,776176,639119,509
2018-04-06$118.29$120.0034.7%10.8%31.0%75.4%37.9%4.2%6.5%24.2M-430.0M-4.0M0.9526.16N/AN/A5,0084,741177,203119,771
2018-04-09$119.39$120.0036.9%10.6%31.3%86.1%38.1%3.8%-1.7%26.0M-486.0M-3.9M0.8420.35N/AN/A4,8514,051177,651117,162
2018-04-10$120.87$120.0036.4%10.3%31.8%83.7%35.0%3.8%-1.3%29.2M-553.6M-3.9M0.7516.78N/AN/A5,9784,477177,311117,595
2018-04-11$119.19$120.0036.7%10.1%31.8%84.8%35.1%3.3%-1.4%25.4M-460.8M-3.8M0.8636.51N/AN/A8,9897,767178,350119,035
2018-04-12$121.41$120.0035.6%9.9%32.4%79.5%33.4%3.3%-1.2%30.2M-573.7M-3.8M0.4712.49N/AN/A15,0807,076178,253121,370
2018-04-13$120.52$120.0035.9%10.1%32.1%81.1%34.7%2.9%-1.0%29.0M-543.4M-4.0M0.6732.78N/AN/A10,1546,769187,324121,572
2018-04-16$122.46$120.0035.6%10.1%32.8%79.6%37.3%3.5%-2.0%36.1M-664.3M-3.9M1.0529.20N/AN/A7,4547,832188,423117,301
2018-04-17$124.58$120.0033.7%9.6%32.3%70.5%33.5%3.1%-1.0%45.0M-805.6M-3.8M0.8916.20N/AN/A6,8426,116190,847118,215
2018-04-18$125.03$120.0033.7%9.7%32.1%70.6%34.7%3.7%-1.6%46.5M-825.9M-3.9M0.5217.92N/AN/A9,3984,892192,666118,588
2018-04-19$123.00$120.0035.0%10.1%32.5%77.0%35.9%1.9%-1.4%36.3M-677.0M-3.9M0.4138.92N/AN/A17,5147,129192,751119,293
2018-04-20$120.63$125.0037.5%11.0%32.2%89.0%39.8%3.1%-3.1%18.2M-486.4M-3.7M0.4416.80N/AN/A10,5784,696184,380121,538
2018-04-23$119.85$125.0036.4%11.2%32.0%83.6%38.6%3.3%-1.8%29.1M-468.6M-3.5M0.1914.28N/AN/A25,3174,870159,010112,476
2018-04-24$117.97$120.0039.7%12.1%28.7%99.2%42.8%4.1%-2.2%30.1M-442.7M-3.6M0.599.15N/AN/A9,1395,358177,570113,394
2018-04-25$116.76$120.0039.3%12.2%22.8%97.6%43.9%3.8%-2.6%28.0M-374.8M-3.5M0.609.31N/AN/A8,7815,309179,256115,018
2018-04-26$119.73$120.0038.2%12.0%24.6%92.4%44.6%2.9%-2.4%35.2M-539.2M-3.7M0.618.36N/AN/A7,9964,888180,422116,805
2018-04-27$117.52$120.0034.5%11.5%24.7%74.3%38.8%2.1%-2.8%30.6M-379.7M-3.4M0.1417.05N/AN/A35,1294,995181,219117,123
2018-04-30$118.46$120.0034.9%11.7%23.8%76.1%40.1%3.5%-1.3%48.4M-542.9M-3.6M0.2810.79N/AN/A14,3923,997208,019115,025