EB Options History — May 2023

In May 2023, EB traded between $6.29 and $7.87. ATM implied volatility averaged 61.9%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded below realized volatility by 6.1% (HV 20d: 68.1%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2023-05-10: Highest Volume — 4,222 contracts
  • 2023-05-09: Largest IV drop — 23.3% change
  • 2023-05-08: Highest IV Rank — 64.7%
  • 2023-05-02: Largest Expected Move — 23.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.14$6.29$7.87$7.33$7.24
Max Pain$7.16$5.00$7.50$7.50$7.50
ATM IV61.9%52.8%93.3%77.6%58.6%
Expected Move17.2%15.1%23.5%22.2%16.8%
HV 20d68.1%45.4%78.7%45.4%73.6%
HV 60d62.5%55.1%66.7%55.1%61.3%
IV Rank31.4%21.7%64.7%48.0%27.9%
IV Percentile30.3%6.0%97.2%81.0%22.2%
Term Structure-3.2%-15.3%1.4%-12.2%-5.7%
VWIV62.3%53.1%83.6%77.6%67.5%
Skew 25d5.1%-17.3%58.9%-15.2%0.0%
Skew 10d10.7%-33.1%105.1%-24.3%-3.9%
Call IV 25d61.3%45.0%95.4%89.5%67.0%
Put IV 25d66.4%50.2%103.9%74.3%67.0%
Bid-Ask Spread %57.6812.3480.6612.3454.30
Gamma HHI0.670.320.910.320.65
Net GEX21.4K4.4K63.6K4.4K14.8K
Net DEX-111.6K-445.4K201.8K-146.4K-190.3K
Net VEX-3.7K-4.2K-3.0K-3.7K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.005.000.000.50
Total Volume255.04504,2222223
Total OI3,319.9552,4944,0882,4943,013

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$7.33$7.5077.6%22.2%45.4%48.0%77.6%-15.2%-12.2%4.4K-146.4K-3.7K0.0012.34N/AN/A22201,750744
2023-05-02$6.96$7.5082.1%23.5%47.8%52.7%82.1%-17.3%-15.3%5.8K-111.6K-3.5K0.0052.37N/AN/A8601,889744
2023-05-03$6.50$7.5071.9%20.6%52.1%42.0%72.0%-10.9%-5.9%5.0K4.1K-3.2K0.0073.50N/AN/A21801,905744
2023-05-04$6.29$7.5068.0%18.7%52.5%37.8%65.3%9.3%-3.1%8.7K-10.0K-3.0K5.0069.39N/AN/A4202,369744
2023-05-05$6.50$7.5077.1%18.7%53.6%47.5%65.5%14.3%-5.4%10.1K-31.1K-3.1K0.0079.33N/AN/A1002,373764
2023-05-08$6.50$7.5093.3%19.2%53.5%64.7%0.0%10.0%-3.9%10.4K-54.4K-3.3K0.1241.20N/AN/A81102,371764
2023-05-09$6.36$7.5071.6%21.1%53.3%41.6%83.6%8.9%-13.2%9.8K-19.5K-3.0K0.1168.34N/AN/A7992,441767
2023-05-10$7.42$5.0055.3%15.9%78.7%24.4%55.3%6.8%-0.3%30.2K-436.1K-4.1K2.6355.03N/AN/A1,1633,0592,583775
2023-05-11$7.25$5.0056.1%16.1%76.4%25.2%56.1%2.7%-1.4%31.2K-6.8K-4.2K0.1235.85N/AN/A119142,7691,319
2023-05-12$7.00$5.0056.0%16.1%76.9%25.1%56.0%-6.4%-1.4%22.3K201.8K-3.8K4.0967.72N/AN/A11452,6941,318
2023-05-15$7.08$7.5055.0%15.8%77.1%24.1%0.0%-4.7%0.1%26.7K188.1K-3.8K0.1867.73N/AN/A1122,6931,348
2023-05-16$7.26$7.5054.5%15.6%76.0%23.5%54.5%-1.5%-1.8%35.6K47.0K-4.0K0.4368.88N/AN/A23102,7021,348
2023-05-17$7.38$7.5054.2%15.5%76.3%23.2%54.2%10.0%-0.2%43.8K-5.6K-4.1K0.0880.16N/AN/A2422,7021,357
2023-05-18$7.64$7.5054.2%15.5%77.0%23.2%54.2%58.9%0.2%59.3K-215.7K-4.2K0.0053.14N/AN/A15302,7021,358
2023-05-19$7.42$7.5053.1%15.2%76.4%22.0%53.1%2.5%0.9%63.6K71.1K-3.9K0.1380.66N/AN/A99132,5671,358
2023-05-22$7.53$7.5054.1%15.5%73.7%23.1%54.1%10.2%1.4%14.5K-318.4K-4.0K0.3334.65N/AN/A312,207800
2023-05-23$7.87$7.5054.5%15.6%73.8%23.5%54.6%-6.0%0.4%14.7K-445.4K-4.2K0.0059.52N/AN/A11202,209801
2023-05-24$7.50$7.5054.9%15.7%75.8%23.9%0.0%17.0%-1.4%14.7K-302.5K-3.9K0.0035.85N/AN/A002,210801
2023-05-25$7.36$7.5052.8%15.1%76.2%21.7%0.0%8.0%0.8%14.7K-229.3K-3.8K0.0055.36N/AN/A302,210801
2023-05-26$7.36$7.5054.0%15.5%75.9%23.0%0.0%14.6%-1.3%14.9K-248.6K-3.8K0.0069.83N/AN/A102,211801
2023-05-30$7.29$7.5053.5%15.3%76.0%22.4%53.5%0.9%-2.2%15.8K-195.8K-3.5K0.0053.87N/AN/A102,212801
2023-05-31$7.24$7.5058.6%16.8%73.6%27.9%67.5%0.0%-5.7%14.8K-190.3K-3.5K0.5054.30N/AN/A212,212801