EPP Options History — February 2014

In February 2014, EPP traded between $43.12 and $47.31. ATM implied volatility averaged 14.5%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 5.1% (HV 20d: 19.6%). Max pain ranged from $43.00 to $46.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.30.

Notable Days

  • 2014-02-24: Highest Volume — 81 contracts
  • 2014-02-11: Largest IV drop — 18.2% change
  • 2014-02-03: Highest IV Rank — 61.7%
  • 2014-02-03: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.91$43.12$47.31$43.12$46.95
Max Pain$43.63$43.00$46.00$46.00$43.00
ATM IV14.5%12.3%20.3%20.3%14.1%
Expected Move4.2%3.7%5.8%5.8%4.0%
HV 20d19.6%15.1%21.9%15.1%17.6%
HV 60d15.0%13.1%15.6%13.1%15.5%
IV Rank33.0%22.5%61.7%61.7%31.2%
IV Percentile34.1%9.9%88.9%88.9%31.7%
Term Structure-0.1%-1.6%0.7%-1.6%-0.5%
VWIV14.9%12.8%16.9%16.9%13.5%
Skew 25d3.9%1.3%6.5%4.9%3.5%
Skew 10d9.0%5.2%15.8%11.0%10.8%
Call IV 25d13.3%11.6%17.5%17.5%12.8%
Put IV 25d17.2%14.4%22.3%22.3%16.3%
Bid-Ask Spread %47.9023.91103.6938.7228.05
Gamma HHI0.670.520.760.730.59
Net GEX-175.4K-210.6K-127.0K-127.0K-172.6K
Net DEX2.0M1.3M3.2M3.2M1.4M
Net VEX-7.2K-7.8K-5.4K-5.4K-7.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.001.500.000.00
Total Volume12.211081650
Total OI1,168.2631,1201,2261,1201,226

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$43.12$46.0020.3%5.8%15.1%61.7%0.0%4.9%-1.6%-127.0K3.2M-5.4K0.0038.72N/AN/A60175945
2014-02-04$44.05$46.0018.6%5.3%17.5%53.1%0.0%6.5%-1.3%-153.6K2.9M-6.6K0.0036.47N/AN/A00181945
2014-02-05$43.65$46.0017.5%5.0%17.6%48.2%16.9%6.5%-1.1%-147.5K3.1M-5.8K1.5030.94N/AN/A812181945
2014-02-06$44.65$46.0015.6%4.5%19.8%38.5%16.6%6.1%0.5%-186.4K2.8M-7.1K0.2537.25N/AN/A82183957
2014-02-07$44.92$43.0014.6%4.3%20.0%33.6%0.0%4.8%-0.1%-193.7K2.6M-7.4K0.0039.09N/AN/A00191959
2014-02-10$44.76$43.0015.0%4.3%19.5%35.9%0.0%4.7%0.1%-195.5K2.7M-7.0K0.0039.84N/AN/A06191959
2014-02-11$45.83$43.0012.3%4.1%21.3%22.5%12.8%4.3%0.3%-207.7K2.2M-7.8K0.3341.30N/AN/A62191965
2014-02-12$46.07$43.0012.6%4.1%21.3%23.7%0.0%3.8%0.2%-200.1K2.0M-7.8K0.0039.05N/AN/A00196965
2014-02-13$46.06$43.0014.1%4.0%21.3%31.2%0.0%4.2%0.7%-210.6K2.0M-7.7K0.0040.00N/AN/A00196965
2014-02-14$46.62$43.0012.9%3.7%21.7%25.4%0.0%2.5%0.2%-179.1K1.7M-7.7K0.00100.66N/AN/A10196965
2014-02-18$46.74$43.0013.4%3.8%21.7%27.9%0.0%3.3%0.4%-178.7K1.6M-7.5K0.0030.77N/AN/A00197965
2014-02-19$46.63$43.0013.3%3.8%21.7%27.3%0.0%3.3%0.3%-185.6K1.7M-7.4K0.0077.54N/AN/A023197965
2014-02-20$47.05$43.0013.5%3.9%21.9%28.1%0.0%2.3%-0.2%-162.3K1.5M-7.5K0.00102.13N/AN/A03196988
2014-02-21$46.91$43.0013.0%3.7%20.2%25.7%0.0%2.8%0.5%-139.6K1.5M-7.4K0.00103.69N/AN/A110196991
2014-02-24$47.31$43.0013.5%3.9%18.3%28.3%13.5%1.3%0.1%-175.6K1.3M-7.0K0.0037.46N/AN/A810174973
2014-02-25$46.93$43.0013.5%3.9%18.8%28.2%0.0%2.1%0.1%-169.9K1.4M-7.5K0.0030.17N/AN/A010253973
2014-02-26$46.89$43.0013.7%3.9%18.7%29.1%0.0%3.1%-0.1%-175.3K1.5M-7.5K0.0033.05N/AN/A03253973
2014-02-27$47.16$43.0013.5%3.9%17.7%28.1%0.0%4.0%0.3%-171.8K1.3M-7.3K0.0023.91N/AN/A00253973
2014-02-28$46.95$43.0014.1%4.0%17.6%31.2%0.0%3.5%-0.5%-172.6K1.4M-7.4K0.0028.05N/AN/A050253973