EA Options History — May 2018

In May 2018, EA traded between $119.17 and $133.09. ATM implied volatility averaged 26.6%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 0.4% (HV 20d: 27.0%). Max pain ranged from $115.00 to $120.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.83.

Notable Days

2018-05-09: Highest Volume — 57,426 contracts
2018-05-09: Largest IV drop — 29.7% change
2018-05-04: Highest IV Rank — 87.2%
2018-05-02: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$129.01	$119.17	$133.09	$119.51	$131.20
Max Pain	$115.45	$115.00	$120.00	$120.00	$115.00
ATM IV	26.6%	21.5%	37.2%	35.1%	22.9%
Expected Move	7.9%	6.2%	12.7%	12.1%	6.8%
HV 20d	27.0%	23.1%	30.5%	24.0%	25.7%
HV 60d	27.9%	25.6%	28.5%	28.3%	27.1%
IV Rank	34.0%	5.8%	87.2%	77.3%	12.9%
IV Percentile	37.0%	2.4%	94.4%	87.3%	11.5%
Term Structure	-0.2%	-1.6%	1.2%	-1.3%	-0.5%
VWIV	27.6%	21.9%	43.1%	41.7%	24.3%
Skew 25d	2.6%	1.0%	8.9%	3.4%	2.0%
Skew 10d	4.4%	-0.3%	10.5%	6.4%	4.0%
Call IV 25d	25.5%	20.8%	36.5%	33.6%	22.3%
Put IV 25d	28.2%	23.0%	39.6%	37.0%	24.3%
Bid-Ask Spread %	26.21	8.01	67.98	10.57	16.72
Gamma HHI	0.18	0.12	0.31	0.12	0.24
Net GEX	71.7M	47.4M	109.0M	51.2M	47.4M
Net DEX	-1.07B	-1.71B	-611.4M	-611.4M	-731.3M
Net VEX	-2.8M	-3.9M	-2.3M	-3.6M	-2.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.36	2.23	0.78	1.04
Total Volume	22,775.182	11,088	57,426	11,088	13,440
Total OI	313,189.636	257,508	359,907	322,800	274,882

Daily Data (22 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
2018-05-01	$119.51	$120.00	35.1%	12.1%	24.0%	77.3%	41.7%	3.4%	-1.3%	51.2M	-611.4M	-3.6M	0.78	10.57	N/A	N/A	6,229	4,859	207,193	115,607
2018-05-02	$119.17	$120.00	36.6%	12.7%	23.8%	84.5%	43.1%	1.0%	0.1%	51.0M	-612.6M	-3.5M	0.41	24.19	N/A	N/A	11,254	4,660	207,728	116,321
2018-05-03	$120.78	$115.00	36.4%	10.6%	24.1%	83.7%	35.9%	8.9%	0.5%	55.9M	-751.1M	-3.7M	0.75	67.98	N/A	N/A	23,815	17,977	212,520	116,322
2018-05-04	$123.55	$115.00	37.2%	10.0%	23.5%	87.2%	34.9%	4.4%	-1.6%	65.9M	-1.02B	-3.9M	0.58	50.36	N/A	N/A	13,438	7,832	221,938	122,363
2018-05-07	$123.89	$115.00	35.3%	9.9%	23.3%	78.2%	34.7%	2.2%	0.5%	69.2M	-1.03B	-3.7M	0.36	48.60	N/A	N/A	26,607	9,636	220,874	117,012
2018-05-08	$123.44	$115.00	34.9%	9.6%	23.1%	76.3%	33.9%	3.2%	-1.5%	69.0M	-905.1M	-3.5M	0.53	40.38	N/A	N/A	36,811	19,366	217,484	120,853
2018-05-09	$131.09	$115.00	24.5%	7.3%	30.5%	26.5%	25.2%	2.7%	0.8%	102.7M	-1.63B	-3.0M	0.46	19.30	N/A	N/A	39,453	17,973	220,598	132,950
2018-05-10	$133.08	$115.00	24.6%	7.1%	30.3%	26.6%	25.4%	1.9%	0.4%	88.4M	-1.71B	-3.0M	0.52	37.13	N/A	N/A	22,789	11,882	215,479	134,566
2018-05-11	$132.45	$115.00	23.4%	6.9%	30.2%	20.8%	24.1%	2.2%	1.2%	93.8M	-1.68B	-2.8M	0.75	14.14	N/A	N/A	12,316	9,250	223,442	136,465
2018-05-14	$132.16	$115.00	23.4%	6.8%	30.0%	21.0%	24.4%	2.1%	-0.3%	94.5M	-1.54B	-2.7M	0.38	28.81	N/A	N/A	14,241	5,476	214,579	121,575
2018-05-15	$129.85	$115.00	24.0%	6.9%	30.5%	24.0%	25.0%	2.5%	-0.0%	99.4M	-1.31B	-2.7M	0.89	51.43	N/A	N/A	10,622	9,403	214,863	122,786
2018-05-16	$130.95	$115.00	23.2%	6.7%	30.5%	20.2%	23.3%	1.6%	0.4%	89.6M	-1.42B	-2.6M	0.72	50.24	N/A	N/A	8,655	6,210	214,220	126,438
2018-05-17	$130.85	$115.00	23.3%	6.7%	29.8%	15.1%	24.4%	1.3%	-0.2%	84.8M	-1.43B	-2.5M	0.41	12.26	N/A	N/A	13,741	5,684	215,784	127,253
2018-05-18	$132.15	$115.00	23.0%	6.6%	28.6%	13.4%	22.7%	2.0%	-0.3%	57.7M	-1.54B	-2.5M	0.38	26.62	N/A	N/A	14,528	5,470	217,632	127,339
2018-05-21	$132.75	$115.00	21.5%	6.2%	28.3%	5.8%	21.9%	2.2%	-0.4%	57.8M	-865.8M	-2.3M	0.75	8.57	N/A	N/A	7,711	5,753	144,465	113,043
2018-05-22	$132.15	$115.00	21.9%	6.3%	27.5%	7.9%	22.1%	2.1%	-0.1%	59.8M	-834.3M	-2.3M	1.20	21.93	N/A	N/A	6,186	7,427	148,094	113,939
2018-05-23	$133.09	$115.00	21.8%	6.3%	26.8%	7.4%	23.1%	2.2%	0.4%	63.0M	-895.0M	-2.4M	1.68	9.48	N/A	N/A	4,584	7,698	150,052	113,495
2018-05-24	$131.20	$115.00	22.6%	6.6%	26.9%	11.7%	23.4%	2.2%	0.0%	60.0M	-769.2M	-2.3M	1.35	9.62	N/A	N/A	5,242	7,075	150,926	114,785
2018-05-25	$131.94	$115.00	22.9%	6.7%	25.4%	13.0%	23.3%	2.3%	-0.2%	109.0M	-813.1M	-2.3M	0.52	11.65	N/A	N/A	11,964	6,279	152,011	117,046
2018-05-29	$131.20	$115.00	24.6%	7.4%	25.7%	22.1%	26.5%	2.7%	-0.6%	52.0M	-757.7M	-2.4M	1.51	8.61	N/A	N/A	4,542	6,856	151,185	115,058
2018-05-30	$131.76	$115.00	22.7%	6.7%	25.7%	12.2%	23.9%	2.2%	-0.7%	55.7M	-791.3M	-2.3M	2.23	8.01	N/A	N/A	4,992	11,128	152,423	116,584
2018-05-31	$131.20	$115.00	22.9%	6.8%	25.7%	12.9%	24.3%	2.0%	-0.5%	47.4M	-731.3M	-2.3M	1.04	16.72	N/A	N/A	6,588	6,852	153,528	121,354