EPP Options History — June 2013

In June 2013, EPP traded between $42.72 and $47.22. ATM implied volatility averaged 21.9%, placing in the 72.0% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 0.9% (HV 20d: 22.8%). Max pain ranged from $48.00 to $50.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 2.02.

Notable Days

2013-06-21: Highest Volume — 110 contracts
2013-06-20: Largest IV spike — 14.3% change
2013-06-11: Highest IV Rank — 87.8%
2013-06-20: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.71	$42.72	$47.22	$47.22	$43.03
Max Pain	$49.00	$48.00	$50.00	$50.00	$48.00
ATM IV	21.9%	19.7%	24.4%	20.6%	22.1%
Expected Move	6.2%	5.6%	6.8%	5.9%	6.3%
HV 20d	22.8%	16.2%	29.5%	16.2%	29.0%
HV 60d	19.1%	16.4%	22.1%	16.4%	22.1%
IV Rank	72.0%	50.6%	87.8%	54.8%	76.9%
IV Percentile	88.1%	78.6%	95.6%	81.7%	91.3%
Term Structure	-0.3%	-1.6%	1.9%	-1.3%	0.1%
VWIV	21.3%	14.6%	28.1%	14.6%	21.4%
Skew 25d	6.2%	3.6%	8.7%	4.5%	4.6%
Skew 10d	13.2%	8.2%	17.9%	12.8%	14.1%
Call IV 25d	19.4%	17.7%	22.0%	18.0%	20.1%
Put IV 25d	25.6%	22.5%	29.6%	22.5%	24.7%
Bid-Ask Spread %	53.41	35.78	73.22	40.60	54.10
Gamma HHI	0.13	0.09	0.45	0.12	0.14
Net GEX	-19.6K	-130.8K	7.7K	-1.1K	-22.6K
Net DEX	1.6M	1.0M	2.1M	1.0M	1.4M
Net VEX	-6.9K	-8.5K	-5.3K	-8.5K	-7.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.02	0.00	13.60	0.00	0.10
Total Volume	37.4	0	110	12	1
Total OI	1,882.5	1,785	1,972	1,795	1,815

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2013-06-03	$47.22	$50.00	20.6%	5.9%	16.2%	54.8%	0.0%	4.5%	-1.3%	-1.1K	1.0M	-8.5K	0.00	40.60	N/A	N/A	12	0	1,069	726
2013-06-04	$46.73	$50.00	19.7%	5.6%	16.3%	50.6%	14.6%	3.8%	-1.6%	647	1.1M	-8.5K	2.25	35.78	N/A	N/A	8	18	1,071	726
2013-06-05	$45.35	$50.00	22.4%	6.4%	18.6%	63.3%	0.0%	4.7%	-0.6%	-16.0K	1.7M	-6.9K	0.21	39.92	N/A	N/A	48	10	1,079	740
2013-06-06	$45.65	$50.00	20.6%	5.9%	18.6%	54.7%	24.3%	3.6%	-1.4%	-6.6K	1.6M	-7.7K	13.60	41.30	N/A	N/A	5	68	1,088	750
2013-06-07	$45.39	$49.00	22.8%	6.3%	18.5%	79.0%	19.9%	5.4%	-0.9%	-21.0K	1.8M	-7.4K	2.60	58.83	N/A	N/A	5	13	1,091	795
2013-06-10	$44.92	$49.00	22.2%	6.1%	18.5%	75.6%	21.7%	6.4%	-0.1%	-25.5K	2.0M	-6.6K	0.58	50.63	N/A	N/A	38	22	1,096	805
2013-06-11	$44.35	$49.00	24.4%	6.6%	18.7%	87.8%	16.7%	6.9%	-1.1%	-18.2K	2.1M	-6.1K	0.75	49.09	N/A	N/A	4	3	1,126	807
2013-06-12	$44.25	$49.00	23.8%	6.5%	18.5%	84.4%	25.6%	6.6%	-1.0%	-14.2K	2.1M	-6.0K	3.71	52.38	N/A	N/A	7	26	1,126	803
2013-06-13	$45.39	$49.00	21.7%	6.2%	21.8%	72.9%	19.3%	6.5%	-0.9%	-7.2K	1.8M	-6.8K	5.00	73.22	N/A	N/A	3	15	1,133	825
2013-06-14	$45.17	$49.00	21.6%	6.2%	21.7%	72.3%	0.0%	6.7%	-0.2%	-7.9K	1.9M	-6.6K	0.00	54.72	N/A	N/A	11	0	1,136	825
2013-06-17	$45.94	$49.00	20.6%	5.9%	23.0%	66.3%	0.0%	7.2%	0.4%	6.9K	1.7M	-7.1K	0.00	60.43	N/A	N/A	0	0	1,147	825
2013-06-18	$45.91	$49.00	20.6%	5.9%	22.4%	66.4%	0.0%	6.5%	0.7%	7.7K	1.7M	-6.9K	0.00	63.00	N/A	N/A	84	0	1,147	825
2013-06-19	$44.76	$49.00	20.7%	5.9%	23.5%	68.5%	0.0%	8.7%	1.4%	4.1K	1.4M	-6.8K	0.00	66.32	N/A	N/A	12	0	1,231	709
2013-06-20	$42.72	$49.00	23.6%	6.8%	27.5%	85.5%	28.1%	7.6%	-0.3%	-35.4K	1.7M	-5.3K	0.00	60.18	N/A	N/A	0	89	1,218	655
2013-06-21	$43.26	$49.00	22.7%	6.5%	28.4%	80.4%	20.8%	8.0%	0.1%	-130.8K	1.7M	-5.6K	0.00	67.50	N/A	N/A	0	110	1,218	730
2013-06-24	$42.75	$49.00	23.4%	6.7%	27.6%	83.8%	21.6%	7.6%	-0.8%	-36.5K	1.7M	-6.3K	0.61	48.03	N/A	N/A	57	35	1,073	712
2013-06-25	$43.64	$48.00	21.5%	6.2%	29.0%	73.3%	0.0%	7.9%	0.4%	-22.3K	1.5M	-7.3K	0.83	48.01	N/A	N/A	12	10	1,130	720
2013-06-26	$44.10	$48.00	21.0%	6.0%	29.4%	70.2%	21.4%	5.5%	1.9%	-29.1K	1.2M	-7.0K	0.10	49.92	N/A	N/A	20	2	1,130	720
2013-06-27	$43.64	$48.00	21.7%	6.2%	29.5%	74.3%	0.0%	4.5%	-0.7%	-16.3K	1.3M	-7.5K	0.00	54.33	N/A	N/A	0	0	1,110	718
2013-06-28	$43.03	$48.00	22.1%	6.3%	29.0%	76.9%	0.0%	4.6%	0.1%	-22.6K	1.4M	-7.2K	0.00	54.10	N/A	N/A	0	1	1,110	705