EB Options History — February 2021

In February 2021, EB traded between $17.23 and $20.84. ATM implied volatility averaged 75.3%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 22.6%. IV traded above realized volatility by 23.9% (HV 20d: 51.4%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.34.

Notable Days

  • 2021-02-26: Highest Volume — 8,537 contracts
  • 2021-02-10: Largest IV spike — 29.0% change
  • 2021-02-25: Highest IV Rank — 21.6%
  • 2021-02-25: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.66$17.23$20.84$18.47$20.22
Max Pain$18.03$15.00$20.00$17.50$20.00
ATM IV75.3%59.8%93.7%69.6%67.5%
Expected Move22.6%19.0%26.9%20.0%19.4%
HV 20d51.4%45.9%67.0%67.0%62.9%
HV 60d62.5%53.1%88.6%88.6%57.9%
IV Rank13.6%5.4%21.6%14.8%5.4%
IV Percentile26.4%2.0%52.4%21.4%14.3%
Term Structure-5.8%-14.2%13.1%13.1%-4.2%
VWIV79.9%61.3%97.9%69.2%70.4%
Skew 25d6.0%2.2%10.8%5.9%6.0%
Skew 10d14.3%2.4%37.5%11.6%10.8%
Call IV 25d77.6%61.9%97.8%68.5%66.0%
Put IV 25d83.6%71.2%100.0%74.4%72.1%
Bid-Ask Spread %47.9120.5664.6757.4344.58
Gamma HHI0.420.240.650.430.24
Net GEX103.9K-244.5K1.0M-66.5K564.3K
Net DEX-15.3M-33.2M-3.0M-5.9M-31.9M
Net VEX-75.4K-114.9K-48.3K-52.3K-114.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.031.340.810.03
Total Volume2,647.1582278,5373528,537
Total OI26,462.63219,71435,49519,71435,495

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$18.47$17.5069.6%20.0%67.0%14.8%69.2%5.9%13.1%-66.5K-5.9M-52.3K0.8157.43N/AN/A19515710,1929,522
2021-02-02$18.37$17.5068.7%19.7%55.1%14.2%67.4%10.8%11.9%-72.7K-5.6M-51.6K0.8164.67N/AN/A20616610,2369,521
2021-02-03$17.60$17.5066.4%19.0%52.8%13.0%61.3%9.3%13.0%-111.3K-3.6M-50.3K0.2342.79N/AN/A56313210,4199,536
2021-02-04$17.85$17.5064.9%22.7%50.9%12.1%82.2%4.9%-6.4%-116.9K-4.3M-50.4K1.3440.84N/AN/A9713010,3959,679
2021-02-05$17.98$17.5062.2%22.6%47.5%10.6%84.9%7.0%-5.6%-140.6K-4.9M-51.0K1.2352.43N/AN/A27734010,4589,837
2021-02-08$17.48$17.5059.8%22.4%48.0%8.8%81.9%6.4%-8.0%-198.0K-3.0M-48.3K0.0656.26N/AN/A3,51520910,4459,971
2021-02-09$17.35$17.5060.6%22.2%46.0%9.2%81.1%5.8%-7.8%-131.2K-5.0M-56.7K0.2951.71N/AN/A67419413,21110,134
2021-02-10$17.28$17.5078.2%22.4%46.0%19.2%77.2%6.0%-10.0%-145.0K-5.2M-58.6K0.0337.85N/AN/A5601713,75810,323
2021-02-11$17.23$17.5075.9%21.8%45.9%10.6%75.9%6.3%-6.8%-187.5K-5.1M-58.6K0.0456.98N/AN/A2,82412313,96710,321
2021-02-12$17.32$17.5076.2%21.8%45.9%10.8%77.1%5.7%-6.5%-244.5K-6.3M-64.5K0.1861.93N/AN/A83814815,52210,344
2021-02-16$18.52$15.0078.8%22.6%48.8%12.4%79.0%6.7%-9.2%-86.2K-14.3M-65.7K0.0558.01N/AN/A6,15028616,26810,409
2021-02-17$18.86$17.5075.8%21.7%46.7%10.5%79.3%7.0%-7.6%96.8K-21.7M-87.4K0.0852.44N/AN/A2,57720121,23610,356
2021-02-18$18.65$17.5079.9%22.9%46.9%13.1%76.5%7.4%-10.7%192.6K-22.7M-89.5K0.1353.02N/AN/A3644722,01010,495
2021-02-19$20.05$17.5079.3%22.7%52.9%12.6%79.7%6.0%-10.5%1.0M-27.9M-91.0K0.1147.78N/AN/A5,40861422,05410,522
2021-02-22$20.82$20.0089.7%25.7%52.3%19.1%92.0%3.9%-14.0%379.4K-31.2M-104.7K0.1435.51N/AN/A6,23484623,9165,208
2021-02-23$20.55$20.0091.2%26.1%50.4%20.0%91.5%3.9%-14.2%391.4K-31.1M-112.1K0.7238.03N/AN/A1,19185325,9565,927
2021-02-24$20.84$20.0091.8%26.3%50.1%20.4%93.2%3.8%-13.1%431.6K-33.2M-112.9K0.0537.47N/AN/A1,96610326,7015,266
2021-02-25$19.08$20.0093.7%26.9%60.2%21.6%97.9%2.2%-13.8%414.4K-27.2M-112.0K0.1820.56N/AN/A3,02153327,8225,358
2021-02-26$20.22$20.0067.5%19.4%62.9%5.4%70.4%6.0%-4.2%564.3K-31.9M-114.9K0.0344.58N/AN/A8,29724029,8465,649