EPP Options History — February 2009

In February 2009, EPP traded between $21.32 and $24.01. ATM implied volatility averaged 47.0%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 4.4% (HV 20d: 51.4%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.77.

Notable Days

  • 2009-02-25: Highest Volume — 34 contracts
  • 2009-02-12: Largest IV spike — 39.1% change
  • 2009-02-17: Highest IV Rank — 21.7%
  • 2009-02-17: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.50$21.32$24.01$22.59$21.32
Max Pain$23.03$22.50$25.00$25.00$22.50
ATM IV47.0%31.8%57.2%37.4%51.2%
Expected Move14.1%9.1%16.4%10.7%14.7%
HV 20d51.4%46.8%59.5%49.0%46.8%
HV 60d61.1%49.4%69.7%69.7%49.4%
IV Rank15.9%7.2%21.7%10.4%18.3%
IV Percentile60.0%36.1%73.5%46.9%63.4%
Term Structure6.1%-10.4%29.3%21.9%4.8%
VWIV49.3%47.4%50.8%50.8%47.4%
Skew 25d13.4%2.1%31.2%22.2%15.4%
Skew 10d18.0%0.2%30.4%12.9%26.3%
Call IV 25d44.2%27.6%55.0%32.2%43.2%
Put IV 25d57.6%50.4%63.1%54.4%58.6%
Bid-Ask Spread %88.5074.35110.94109.4789.50
Gamma HHI0.380.190.610.560.22
Net GEX-5.4K-12.1K-1.9K-6.8K-2.2K
Net DEX352.2K254.6K466.6K375.6K284.8K
Net VEX-1.6K-2.0K-1.3K-1.8K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.005.000.001.43
Total Volume7.84203400
Total OI722.053625773739655

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$22.59$25.0037.4%10.7%49.0%10.4%0.0%22.2%21.9%-6.8K375.6K-1.8K0.00109.47N/AN/A00360379
2009-02-03$23.03$25.0032.4%9.3%50.0%7.5%0.0%29.8%25.2%-6.9K345.8K-1.9K0.00100.53N/AN/A30360379
2009-02-04$22.56$25.0031.8%9.1%49.1%7.2%0.0%17.8%17.5%-6.9K370.4K-1.7K0.48106.84N/AN/A2110363379
2009-02-05$22.89$25.0037.0%10.6%49.1%10.1%0.0%31.2%29.3%-7.7K364.0K-1.9K0.00110.94N/AN/A60352389
2009-02-06$24.01$22.5039.6%14.3%52.7%11.6%50.8%16.4%2.4%-9.9K309.8K-2.0K0.0077.75N/AN/A80352389
2009-02-09$23.88$22.5037.9%15.4%50.6%10.6%0.0%16.3%0.7%-12.1K299.5K-1.9K0.0074.35N/AN/A00360389
2009-02-10$22.31$22.5052.2%14.9%55.4%18.8%0.0%2.1%-10.4%-6.6K362.9K-1.7K0.0084.02N/AN/A30360389
2009-02-11$23.06$22.5038.8%15.2%56.9%11.2%0.0%10.0%2.0%-8.6K392.8K-1.7K0.0088.58N/AN/A100363389
2009-02-12$23.03$22.5054.0%15.5%56.1%19.9%0.0%10.6%3.6%-8.2K390.5K-1.7K0.0088.51N/AN/A010372389
2009-02-13$23.18$22.5053.7%15.4%56.2%19.7%49.5%10.5%3.5%-7.9K386.7K-1.8K5.0078.85N/AN/A210372399
2009-02-17$21.85$22.5057.2%16.4%59.5%21.7%0.0%7.1%0.5%-2.6K455.7K-1.5K0.0090.41N/AN/A00374399
2009-02-18$22.04$22.5054.5%15.6%53.0%20.1%47.4%12.8%2.7%-2.6K466.6K-1.5K0.0079.39N/AN/A20374399
2009-02-19$22.12$22.5054.1%15.5%48.4%19.9%0.0%8.7%1.3%-3.8K448.7K-1.5K0.0078.01N/AN/A00373399
2009-02-20$22.02$22.5052.7%15.1%46.8%19.1%0.0%12.4%2.8%-1.9K389.5K-1.4K0.0081.18N/AN/A00373359
2009-02-23$21.47$22.5050.9%14.6%47.5%18.1%0.0%3.4%1.9%-2.1K260.5K-1.3K0.0083.13N/AN/A00329296
2009-02-24$22.46$22.5054.1%15.5%50.4%19.9%0.0%10.1%1.5%-2.2K267.3K-1.3K0.0089.09N/AN/A020329296
2009-02-25$21.92$22.5054.2%15.5%50.4%20.0%0.0%9.0%1.4%-1.9K254.6K-1.3K1.4388.81N/AN/A1420329296
2009-02-26$21.78$22.5050.1%14.4%48.6%17.6%0.0%8.8%3.1%-2.1K265.5K-1.4K0.0082.08N/AN/A010339316
2009-02-27$21.32$22.5051.2%14.7%46.8%18.3%0.0%15.4%4.8%-2.2K284.8K-1.4K0.0089.50N/AN/A00339316