EB Options History — March 2021

In March 2021, EB traded between $21.05 and $25.60. ATM implied volatility averaged 65.8%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded below realized volatility by 0.4% (HV 20d: 66.1%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.45.

Notable Days

  • 2021-03-02: Highest Volume — 10,222 contracts
  • 2021-03-02: Largest IV spike — 11.9% change
  • 2021-03-08: Highest IV Rank — 9.7%
  • 2021-03-02: Largest Expected Move — 21.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.93$21.05$25.60$21.45$22.13
Max Pain$16.30$15.00$20.00$20.00$17.50
ATM IV65.8%59.9%74.4%66.4%61.3%
Expected Move18.7%17.2%21.3%19.0%17.6%
HV 20d66.1%58.8%73.6%62.2%58.8%
HV 60d60.6%58.1%63.0%58.8%59.1%
IV Rank4.3%0.7%9.7%4.7%1.5%
IV Percentile11.3%1.2%26.6%11.5%4.0%
Term Structure6.0%-3.0%12.0%-3.0%12.0%
VWIV66.2%59.6%72.3%66.9%62.9%
Skew 25d2.9%-1.8%5.3%3.8%1.1%
Skew 10d10.1%0.5%24.0%1.7%0.5%
Call IV 25d65.8%59.8%74.3%67.1%63.7%
Put IV 25d68.7%62.2%78.4%70.9%64.7%
Bid-Ask Spread %22.8911.4739.2438.3627.85
Gamma HHI0.230.200.280.240.22
Net GEX705.5K612.0K893.4K706.9K717.9K
Net DEX-49.8M-67.4M-39.2M-41.9M-44.7M
Net VEX-132.0K-150.9K-120.9K-127.6K-125.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.021.781.780.18
Total Volume2,563.6097110,2221,05071
Total OI41,161.1336,34445,28938,22940,114

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$21.45$20.0066.4%19.0%62.2%4.7%66.9%3.8%-3.0%706.9K-41.9M-127.6K1.7838.36N/AN/A37867232,6155,614
2021-03-02$21.05$20.0074.4%21.3%62.2%9.6%71.8%5.3%-1.9%627.1K-39.2M-128.5K0.1439.24N/AN/A8,9851,23732,6966,194
2021-03-03$22.38$20.0070.0%20.1%64.9%6.9%70.9%4.0%-2.7%893.4K-51.5M-150.9K0.2829.23N/AN/A4,2491,18138,9556,334
2021-03-04$22.90$15.0067.8%19.0%61.9%5.5%66.3%1.5%5.0%792.4K-52.4M-146.4K0.2332.40N/AN/A5,3131,22937,0057,161
2021-03-05$22.72$15.0067.1%19.0%62.4%5.1%67.1%4.2%4.6%727.2K-48.6M-141.9K0.2026.95N/AN/A1,61431934,9716,722
2021-03-08$21.57$15.0074.4%19.9%66.4%9.7%70.0%3.5%1.9%680.3K-41.7M-136.3K0.1631.42N/AN/A1,02516334,8656,696
2021-03-09$22.77$15.0074.3%19.9%66.7%9.6%72.3%3.3%1.4%737.8K-49.6M-137.9K0.0226.76N/AN/A4,58311435,2026,747
2021-03-10$23.05$15.0068.9%19.7%66.3%6.2%72.0%3.1%2.1%812.9K-53.1M-139.3K0.3227.55N/AN/A90329236,3246,755
2021-03-11$24.56$15.0065.0%18.6%68.1%3.9%67.2%3.6%4.9%889.2K-62.8M-139.2K0.1922.24N/AN/A6,1471,17936,6296,875
2021-03-12$24.45$15.0064.8%18.6%68.2%3.7%68.0%2.3%5.7%765.1K-60.1M-142.3K0.4137.12N/AN/A1,43959336,4657,999
2021-03-15$25.60$15.0066.5%19.1%68.7%4.8%67.4%3.1%3.9%730.6K-67.4M-136.7K0.8813.84N/AN/A1,7271,52436,2188,121
2021-03-16$24.80$15.0064.3%18.4%68.6%3.4%64.7%3.0%4.9%612.0K-59.6M-136.5K1.7711.47N/AN/A5681,00735,5918,924
2021-03-17$24.15$15.0064.9%18.6%70.1%3.8%65.7%3.5%5.0%718.6K-56.5M-132.4K0.0512.51N/AN/A1,4376835,6228,272
2021-03-18$23.85$15.0064.3%18.4%70.2%3.4%64.9%1.3%9.9%676.6K-55.1M-128.6K0.0215.80N/AN/A2,7755136,1228,286
2021-03-19$24.61$15.0062.2%17.8%67.0%2.1%63.2%2.2%10.2%616.9K-58.2M-126.9K0.5715.11N/AN/A31518136,0808,280
2021-03-22$23.81$15.0062.2%17.8%67.8%2.1%62.4%-1.8%10.7%621.0K-52.1M-122.3K0.5227.95N/AN/A1739031,2945,050
2021-03-23$22.29$15.0059.9%17.2%72.3%0.7%60.9%1.1%11.1%630.5K-43.8M-124.2K0.0713.44N/AN/A1,70411131,3225,129
2021-03-24$21.49$17.5060.9%17.5%73.6%1.3%59.6%2.3%10.2%625.0K-39.6M-120.9K0.1114.83N/AN/A3003331,5645,211
2021-03-25$21.94$17.5061.2%17.5%65.7%1.5%61.0%4.9%11.1%639.9K-41.8M-121.9K0.1215.11N/AN/A4195231,6165,222
2021-03-26$22.43$17.5062.8%18.0%63.2%2.5%63.8%3.7%8.8%646.9K-44.2M-121.7K0.6015.91N/AN/A1,7691,05631,6235,258
2021-03-29$21.38$17.5065.5%18.8%62.5%4.2%66.2%3.8%9.9%650.6K-39.3M-122.3K0.1016.28N/AN/A1,32913632,6236,309
2021-03-30$21.90$17.5063.5%18.2%62.7%2.9%66.5%3.4%11.7%708.0K-43.1M-127.0K1.6615.02N/AN/A17028233,6416,390
2021-03-31$22.13$17.5061.3%17.6%58.8%1.5%62.9%1.1%12.0%717.9K-44.7M-125.4K0.1827.85N/AN/A601133,6776,437