EA Options History — March 2020

In March 2020, EA traded between $87.97 and $111.36. ATM implied volatility averaged 54.3%, placing in the 70.1% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 1.2% (HV 20d: 53.1%). Max pain ranged from $99.00 to $110.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 1.03.

Notable Days

  • 2020-03-04: Highest Volume — 13,923 contracts
  • 2020-03-18: Largest IV spike — 29.3% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 23.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.50$87.97$111.36$106.06$100.60
Max Pain$102.68$99.00$110.00$105.00$99.00
ATM IV54.3%31.6%83.3%33.0%39.2%
Expected Move15.7%9.2%23.9%9.7%12.6%
HV 20d53.1%34.2%74.1%35.1%68.7%
HV 60d34.4%23.9%45.3%23.9%45.3%
IV Rank70.1%29.6%100.0%41.2%29.6%
IV Percentile88.9%39.7%100.0%54.4%78.2%
Term Structure-1.1%-12.2%12.4%-0.5%3.6%
VWIV54.6%31.3%83.1%33.3%45.3%
Skew 25d11.9%7.1%20.9%7.8%7.1%
Skew 10d19.5%4.2%36.6%12.3%4.2%
Call IV 25d48.6%28.2%72.8%29.0%33.2%
Put IV 25d60.5%36.3%86.9%36.8%40.3%
Bid-Ask Spread %47.2312.7990.4516.8290.45
Gamma HHI0.090.050.240.070.05
Net GEX-2.9M-9.5M6.3M-2.2M1.4M
Net DEX101.9M-136.8M310.7M12.1M7.3M
Net VEX-2.2M-2.4M-1.9M-2.2M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.273.050.650.70
Total Volume6,080.6362,19313,9238,3927,250
Total OI131,831.59196,111150,563132,756110,737

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$106.06$105.0033.0%9.7%35.1%41.2%33.3%7.8%-0.5%-2.2M12.1M-2.2M0.6516.82N/AN/A5,0943,29850,00782,749
2020-03-03$107.87$105.0033.9%10.2%34.2%43.9%39.6%9.0%-0.4%233.7K-33.2M-2.2M0.5712.79N/AN/A5,9133,38452,38984,898
2020-03-04$111.36$105.0031.6%9.2%35.3%36.4%31.3%8.2%-0.3%6.3M-136.8M-2.2M0.3627.49N/AN/A10,2523,67155,04285,535
2020-03-05$110.54$105.0035.7%10.7%35.4%50.2%39.0%9.8%1.3%5.5M-116.3M-2.4M1.1034.68N/AN/A2,5522,81459,73587,594
2020-03-06$107.08$105.0042.5%12.5%36.6%72.6%43.4%12.4%-2.4%-267.1K-9.1M-2.4M1.3651.33N/AN/A2,4003,27160,72289,841
2020-03-09$101.38$105.0052.8%14.7%41.2%100.0%53.2%8.7%-2.9%-3.9M101.0M-2.4M0.6858.59N/AN/A1,5031,02757,83187,159
2020-03-10$102.99$105.0047.6%12.8%41.8%83.8%46.8%14.3%-2.6%-4.7M91.7M-2.3M1.3337.90N/AN/A2,1652,87958,85286,924
2020-03-11$100.90$110.0049.6%13.7%42.1%90.0%48.8%8.8%-1.1%-5.7M124.9M-2.3M3.0552.90N/AN/A5411,65259,40486,324
2020-03-12$95.12$105.0061.5%17.8%46.3%100.0%60.8%17.4%1.8%-7.0M219.0M-2.2M1.0849.17N/AN/A3,1613,40759,48585,975
2020-03-13$96.03$105.0063.9%17.7%46.6%100.0%63.9%17.2%-3.5%-7.7M219.3M-2.2M0.8947.40N/AN/A3,7093,28761,05187,808
2020-03-16$91.08$105.0071.1%20.2%49.1%100.0%69.8%20.9%-4.1%-6.6M243.0M-2.2M2.6748.78N/AN/A1,8664,97959,07185,663
2020-03-17$95.97$100.0064.4%18.3%53.7%86.7%61.3%17.1%-3.9%-7.2M185.4M-2.2M0.4243.94N/AN/A1,95181559,88984,282
2020-03-18$88.35$100.0083.3%23.9%60.0%100.0%83.1%14.1%-12.2%-7.0M276.1M-2.0M1.9457.36N/AN/A1,5382,97660,45384,199
2020-03-19$90.40$100.0067.8%19.4%61.2%75.2%64.5%12.5%-0.2%-8.2M264.5M-2.0M1.1670.08N/AN/A3,0063,50061,08184,331
2020-03-20$87.97$100.0072.4%20.7%61.5%82.5%72.2%16.8%1.7%-9.5M310.7M-1.9M1.8461.79N/AN/A1,7773,26362,68983,484
2020-03-23$94.55$100.0060.3%17.0%68.1%63.2%54.2%11.1%-2.4%-2.6M106.9M-2.0M0.2843.99N/AN/A6,7541,87738,28757,824
2020-03-24$94.01$100.0055.9%16.9%68.0%56.2%57.5%8.6%-0.9%-1.8M103.4M-2.0M0.6139.74N/AN/A2,9831,83244,12158,747
2020-03-25$91.10$100.0062.1%18.9%68.4%66.2%66.6%11.5%-1.5%-2.0M126.8M-2.0M0.9044.90N/AN/A2,4882,22845,13259,407
2020-03-26$98.28$100.0061.4%18.5%74.1%65.0%63.1%12.6%-6.0%-254.7K40.0M-2.2M0.4540.72N/AN/A4,0871,85746,10460,609
2020-03-27$97.13$100.0057.3%16.0%72.5%58.4%56.9%7.6%-0.4%-222.7K58.7M-2.1M0.3950.38N/AN/A3,1421,21647,76061,015
2020-03-30$98.20$100.0047.0%14.2%68.3%42.0%47.5%8.1%12.4%-822.3K45.3M-2.1M0.2757.80N/AN/A5,0661,34346,75859,327
2020-03-31$100.60$99.0039.2%12.6%68.7%29.6%45.3%7.1%3.6%1.4M7.3M-2.1M0.7090.45N/AN/A4,2702,98050,84459,893