EB Options History — March 2023

In March 2023, EB traded between $7.94 and $9.86. ATM implied volatility averaged 58.6%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded below realized volatility by 8.4% (HV 20d: 67.0%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 3.10.

Notable Days

  • 2023-03-01: Highest Volume — 237 contracts
  • 2023-03-09: Largest IV spike — 45.8% change
  • 2023-03-13: Highest IV Rank — 57.0%
  • 2023-03-24: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.66$7.94$9.86$9.86$8.54
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV58.6%32.4%86.1%54.0%56.5%
Expected Move17.0%13.5%19.1%15.5%16.2%
HV 20d67.0%56.7%79.9%56.7%61.9%
HV 60d64.4%60.0%66.3%64.2%62.9%
IV Rank26.7%0.0%57.0%16.8%25.6%
IV Percentile30.0%0.0%92.5%7.1%14.3%
Term Structure4.8%-5.5%14.7%5.1%14.7%
VWIV54.6%30.9%64.9%54.2%60.1%
Skew 25d11.1%-9.1%88.0%0.3%18.9%
Skew 10d27.3%-9.0%119.6%0.7%39.1%
Call IV 25d52.6%35.3%62.8%49.0%35.3%
Put IV 25d63.7%44.1%134.3%49.3%54.2%
Bid-Ask Spread %66.2710.1385.5610.1385.56
Gamma HHI0.710.530.790.620.70
Net GEX17.8K8.7K25.2K25.2K17.0K
Net DEX-653.7K-1.2M-407.1K-1.2M-570.4K
Net VEX-4.7K-5.7K-4.0K-5.7K-4.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.100.0021.600.325.13
Total Volume70.04302372370
Total OI3,061.8262,8233,4262,9583,426

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$9.86$7.5054.0%15.5%56.7%16.8%54.2%0.3%5.1%25.2K-1.2M-5.7K0.3210.13N/AN/A180572,444514
2023-03-02$9.57$7.5047.0%13.5%57.5%8.8%47.0%88.0%6.5%25.1K-993.6K-5.5K0.0854.70N/AN/A11992,467508
2023-03-03$9.27$7.5053.7%15.4%58.6%16.5%53.7%-9.1%-0.9%23.3K-892.0K-5.3K0.6938.92N/AN/A1392,489510
2023-03-06$9.00$7.5040.2%16.1%59.4%1.0%58.5%12.1%-2.0%21.0K-766.5K-5.0K9.0050.78N/AN/A192,485512
2023-03-07$9.11$7.5032.4%14.6%58.9%0.0%51.1%8.8%3.3%22.8K-804.8K-4.9K0.0077.86N/AN/A5802,486519
2023-03-08$8.93$7.5042.8%14.5%59.2%11.0%0.0%7.5%3.1%20.8K-718.9K-4.8K0.0082.05N/AN/A002,488519
2023-03-09$8.48$7.5062.3%16.5%61.3%31.8%51.5%5.7%1.6%15.5K-565.3K-4.4K1.9280.68N/AN/A12232,488519
2023-03-10$8.16$7.5060.4%17.4%62.7%29.8%0.0%3.9%1.2%13.5K-499.6K-4.2K18.0066.72N/AN/A2362,486528
2023-03-13$7.94$7.5086.1%18.7%63.2%57.0%64.9%5.7%-0.9%8.7K-407.1K-4.0K21.6084.37N/AN/A51082,486542
2023-03-14$8.09$7.5061.4%18.0%63.5%30.8%0.0%7.1%1.5%11.6K-476.0K-4.1K0.0082.98N/AN/A0102,491493
2023-03-15$8.02$7.5064.9%18.6%63.5%34.5%53.5%5.6%-5.5%10.6K-459.2K-4.1K0.0082.35N/AN/A0112,491503
2023-03-16$8.86$7.5059.1%16.9%71.8%28.3%59.0%7.3%4.6%18.7K-701.5K-4.7K0.0179.65N/AN/A16822,491512
2023-03-17$8.29$7.5065.1%18.7%75.4%34.7%64.4%3.0%6.1%14.7K-535.6K-4.2K0.1481.94N/AN/A712,538512
2023-03-20$8.30$7.5065.3%18.7%74.5%35.0%57.8%6.2%4.4%14.6K-512.0K-4.2K0.0046.94N/AN/A3702,406417
2023-03-21$8.96$7.5055.8%16.0%78.8%24.9%55.3%10.3%9.4%21.1K-713.3K-4.7K0.1218.30N/AN/A95112,437417
2023-03-22$8.66$7.5063.2%18.1%79.9%32.7%61.5%3.3%8.2%18.8K-651.5K-4.6K1.4376.61N/AN/A49702,479428
2023-03-23$8.52$7.5065.0%18.6%78.7%34.7%57.3%6.2%3.2%17.7K-614.1K-4.7K0.0337.35N/AN/A6422,567498
2023-03-24$8.61$7.5066.5%19.1%78.1%36.3%0.0%9.7%4.0%18.4K-641.6K-4.8K0.0077.14N/AN/A6002,627499
2023-03-27$8.61$7.5064.2%18.4%76.5%33.8%46.9%10.0%7.5%18.9K-626.0K-4.7K0.0182.54N/AN/A20422,687499
2023-03-28$8.54$7.5062.0%17.8%76.5%31.4%0.0%4.2%12.8%18.4K-628.1K-4.7K0.4673.86N/AN/A87402,756501
2023-03-29$8.43$7.5060.4%17.3%62.4%29.7%30.9%20.7%10.9%16.5K-566.4K-4.7K0.0070.30N/AN/A102,837541
2023-03-30$8.36$7.5060.1%17.2%61.9%29.4%60.1%19.7%12.3%15.5K-534.2K-4.6K5.1382.54N/AN/A8412,838541
2023-03-31$8.54$7.5056.5%16.2%61.9%25.6%0.0%18.9%14.7%17.0K-570.4K-4.9K0.0085.56N/AN/A002,844582