EB Options History — January 2023

In January 2023, EB traded between $5.87 and $8.84. ATM implied volatility averaged 70.6%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 20.5%. IV traded below realized volatility by 1.7% (HV 20d: 72.3%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.43.

Notable Days

  • 2023-01-23: Highest Volume — 155 contracts
  • 2023-01-06: Largest IV spike — 111.5% change
  • 2023-01-30: Highest IV Rank — 54.4%
  • 2023-01-30: Largest Expected Move — 24.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.40$5.87$8.84$5.92$8.84
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV70.6%39.4%86.9%65.9%84.3%
Expected Move20.5%14.6%24.9%18.9%24.2%
HV 20d72.3%62.6%89.5%62.6%65.4%
HV 60d61.8%58.2%65.0%58.2%62.5%
IV Rank35.8%0.0%54.4%30.3%51.5%
IV Percentile58.2%0.0%90.1%49.6%87.7%
Term Structure-6.6%-30.3%19.6%-30.3%-16.5%
VWIV72.4%51.4%92.3%65.1%92.3%
Skew 25d8.5%-14.0%35.7%9.3%9.4%
Skew 10d23.6%-22.1%92.0%24.6%77.7%
Call IV 25d64.5%38.1%83.3%48.1%83.3%
Put IV 25d73.0%52.3%92.8%57.5%92.8%
Bid-Ask Spread %62.6422.30101.1061.8558.70
Gamma HHI0.490.410.620.490.47
Net GEX2.2K-7.5K5.6K2.7K5.6K
Net DEX-314.6K-529.7K-89.3K-89.3K-529.7K
Net VEX-3.4K-3.9K-2.7K-2.9K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.004.440.000.15
Total Volume46.40155661
Total OI3,826.61,4185,1115,0911,571

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$5.92$7.5065.9%18.9%62.6%30.3%0.0%9.3%-30.3%2.7K-89.3K-2.9K0.0061.85N/AN/A604,522569
2023-01-04$6.21$7.5058.6%16.8%65.9%21.9%65.1%10.6%0.3%3.0K-151.2K-3.1K0.0054.15N/AN/A1104,526569
2023-01-05$6.38$7.5039.4%17.4%64.7%0.0%0.0%11.2%-1.7%3.1K-137.9K-3.0K0.0041.93N/AN/A004,537569
2023-01-06$6.00$7.5083.2%20.0%67.7%50.3%69.6%21.1%-0.2%2.8K-132.9K-3.0K0.00101.10N/AN/A054,537569
2023-01-09$5.87$7.5054.5%20.4%68.0%17.3%0.0%-0.1%-6.6%4.0K-100.4K-2.7K0.0085.77N/AN/A5004,537574
2023-01-10$5.97$7.5065.3%17.3%68.3%29.8%68.8%35.7%19.6%3.7K-95.1K-2.8K0.0886.37N/AN/A1214,537574
2023-01-11$6.83$7.5050.8%14.6%84.2%13.1%51.4%-4.2%8.5%2.0K-154.5K-3.1K0.0983.60N/AN/A4344,537574
2023-01-12$7.46$7.5063.9%18.3%89.5%28.2%63.9%26.3%-5.3%-1.6K-343.8K-3.6K0.2175.75N/AN/A3374,503577
2023-01-13$7.55$7.5060.8%17.4%88.5%24.5%60.9%-14.0%3.3%-2.7K-387.9K-3.7K1.0093.67N/AN/A664,485579
2023-01-17$7.67$7.5070.4%20.2%74.4%35.5%70.4%16.0%-29.2%-3.0K-313.8K-3.3K0.0451.59N/AN/A12654,479582
2023-01-18$7.75$7.5076.3%21.9%74.4%42.3%76.3%3.7%-11.8%-4.4K-375.9K-3.4K0.5063.65N/AN/A52264,376587
2023-01-19$7.71$7.5075.2%21.6%74.6%41.1%75.2%-4.1%-5.5%-7.5K-384.2K-3.5K0.4664.40N/AN/A1364,420632
2023-01-20$8.02$7.5076.2%21.8%75.0%42.2%0.0%4.9%-4.8%5.0K-486.5K-3.6K0.0568.55N/AN/A4324,427633
2023-01-23$8.25$7.5077.2%22.1%74.7%43.3%74.6%6.3%-5.6%5.3K-459.6K-3.6K0.0524.16N/AN/A14781,204283
2023-01-24$8.14$7.5079.1%22.7%72.8%45.5%79.3%5.8%-11.0%4.7K-389.4K-3.4K0.0327.50N/AN/A6221,127291
2023-01-25$8.25$7.5079.7%22.8%72.9%46.2%78.6%4.0%-8.8%5.0K-417.6K-3.6K0.0022.30N/AN/A2701,179292
2023-01-26$8.23$7.5081.8%23.5%70.2%48.7%81.9%11.4%-10.7%5.1K-424.9K-3.6K0.5765.56N/AN/A23131,203292
2023-01-27$8.59$7.5082.8%23.7%67.6%49.8%78.5%8.4%-8.1%5.4K-463.1K-3.8K0.1159.42N/AN/A2731,225305
2023-01-30$8.46$7.5086.9%24.9%65.2%54.4%0.0%8.8%-7.1%5.4K-455.2K-3.8K4.4462.75N/AN/A18801,241308
2023-01-31$8.84$7.5084.3%24.2%65.4%51.5%92.3%9.4%-16.5%5.6K-529.7K-3.9K0.1558.70N/AN/A5381,250321