EB Options History — February 2023

In February 2023, EB traded between $8.09 and $9.18. ATM implied volatility averaged 75.6%, placing in the 41.5% IV rank vs the trailing year. The 30-day expected move averaged 21.5%. IV traded above realized volatility by 29.2% (HV 20d: 46.4%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 2.51.

Notable Days

  • 2023-02-02: Highest Volume — 1,271 contracts
  • 2023-02-28: Largest IV drop — 19.8% change
  • 2023-02-27: Highest IV Rank — 60.3%
  • 2023-02-27: Largest Expected Move — 26.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.64$8.09$9.18$9.07$8.77
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV75.6%63.7%92.0%84.7%73.8%
Expected Move21.5%18.3%26.4%24.3%21.2%
HV 20d46.4%34.3%65.7%65.4%41.4%
HV 60d59.6%58.1%62.6%62.6%60.0%
IV Rank41.5%27.9%60.3%51.9%39.4%
IV Percentile71.6%40.1%95.6%88.1%66.3%
Term Structure-10.2%-26.2%-4.7%-17.2%-11.7%
VWIV72.9%62.4%85.1%83.9%85.1%
Skew 25d10.7%1.7%19.4%15.4%12.4%
Skew 10d25.5%6.2%63.7%63.7%25.2%
Call IV 25d67.1%51.5%81.2%81.2%73.9%
Put IV 25d77.8%69.3%96.6%96.6%86.3%
Bid-Ask Spread %56.2414.4284.0975.6039.53
Gamma HHI0.540.380.720.470.69
Net GEX11.8K5.8K24.7K5.9K17.6K
Net DEX-554.4K-754.3K-374.5K-566.0K-725.1K
Net VEX-4.3K-5.0K-3.8K-4.1K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.510.0033.0033.001.19
Total Volume135.42121,27168195
Total OI2,530.2111,5912,8271,5912,794

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$9.07$7.5084.7%24.3%65.4%51.9%83.9%15.4%-17.2%5.9K-566.0K-4.1K33.0075.60N/AN/A2661,265326
2023-02-02$9.18$7.5079.7%18.8%64.7%46.2%74.1%7.6%-5.7%5.8K-575.7K-4.1K0.0123.17N/AN/A1,258131,267370
2023-02-03$9.05$7.5064.0%18.3%65.7%28.2%72.5%19.4%-5.4%24.7K-754.3K-4.9K1.0064.91N/AN/A112,339373
2023-02-06$8.84$7.5063.7%18.9%60.9%27.9%0.0%19.2%-6.0%21.4K-710.3K-4.6K0.0314.42N/AN/A3312,339373
2023-02-07$8.96$7.5066.5%19.2%59.0%31.1%0.0%16.1%-7.2%23.9K-696.2K-4.6K0.0033.65N/AN/A032,339373
2023-02-08$8.73$7.5072.3%20.7%61.3%37.7%66.0%8.6%-10.7%12.1K-545.9K-4.3K0.0015.50N/AN/A2102,339371
2023-02-09$8.71$7.5074.4%21.3%43.8%40.2%66.9%12.0%-8.0%13.9K-545.1K-4.3K0.0064.63N/AN/A5502,360371
2023-02-10$8.59$7.5072.2%20.7%34.3%37.7%63.8%9.0%-4.7%9.9K-515.1K-4.2K0.2965.07N/AN/A1442,410371
2023-02-13$8.45$7.5077.5%22.2%35.2%43.7%69.9%8.4%-8.2%7.6K-480.3K-4.1K0.0074.25N/AN/A2902,410371
2023-02-14$8.38$7.5078.0%22.4%35.3%44.2%78.7%10.3%-8.8%7.5K-464.9K-4.0K0.0076.95N/AN/A0222,414371
2023-02-15$8.71$7.5074.5%21.4%37.3%40.3%68.7%7.3%-5.9%8.1K-519.9K-4.2K0.5054.08N/AN/A212,414391
2023-02-16$8.52$7.5071.3%20.4%38.5%36.6%71.9%1.7%-5.4%7.4K-477.2K-4.1K0.0038.52N/AN/A0212,414392
2023-02-17$8.25$7.5076.1%21.8%38.4%42.1%68.6%8.5%-10.4%6.4K-426.9K-3.9K2.0043.16N/AN/A16322,414413
2023-02-21$8.09$7.5076.9%22.1%37.7%43.0%62.4%9.0%-12.3%6.0K-374.5K-3.8K0.0870.43N/AN/A1311,632403
2023-02-22$8.21$7.5077.5%22.2%37.8%43.7%0.0%8.6%-10.9%6.2K-390.8K-3.8K1.0084.09N/AN/A10101,644403
2023-02-23$8.57$7.5082.4%23.6%40.5%49.3%71.3%13.7%-14.9%7.2K-474.7K-4.1K0.0168.36N/AN/A70351,654413
2023-02-24$8.34$7.5078.6%22.5%41.7%44.9%78.6%6.5%-13.4%14.9K-582.8K-4.7K0.1583.20N/AN/A1322,356412
2023-02-27$8.71$7.5092.0%26.4%41.8%60.3%83.4%9.6%-26.2%17.1K-708.0K-5.0K0.8679.03N/AN/A14122,359414
2023-02-28$8.77$7.5073.8%21.2%41.4%39.4%85.1%12.4%-11.7%17.6K-725.1K-5.0K1.1939.53N/AN/A891062,370424