EPP Options History — January 2015

In January 2015, EPP traded between $43.12 and $44.59. ATM implied volatility averaged 15.2%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.8% (HV 20d: 13.3%). Max pain ranged from $42.00 to $44.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 10.68.

Notable Days

2015-01-14: Highest Volume — 587 contracts
2015-01-07: Largest IV drop — 16.4% change
2015-01-05: Highest IV Rank — 58.9%
2015-01-30: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.12	$43.12	$44.59	$43.87	$44.20
Max Pain	$42.60	$42.00	$44.00	$42.00	$44.00
ATM IV	15.2%	13.3%	17.2%	15.3%	16.7%
Expected Move	4.3%	3.8%	4.8%	4.3%	4.8%
HV 20d	13.3%	11.6%	15.2%	13.5%	11.6%
HV 60d	14.1%	13.4%	15.0%	15.0%	13.4%
IV Rank	44.3%	31.0%	58.9%	47.6%	53.4%
IV Percentile	73.6%	49.2%	88.9%	77.4%	87.3%
Term Structure	0.1%	-0.9%	1.0%	-0.2%	-0.2%
VWIV	19.5%	14.3%	22.3%	18.6%	20.2%
Skew 25d	4.2%	3.5%	5.2%	3.5%	4.6%
Skew 10d	10.9%	6.5%	14.2%	10.8%	9.9%
Call IV 25d	13.9%	12.9%	15.2%	14.9%	15.2%
Put IV 25d	18.1%	16.9%	19.8%	18.4%	19.8%
Bid-Ask Spread %	82.80	73.59	92.35	73.59	86.33
Gamma HHI	0.26	0.18	0.55	0.29	0.20
Net GEX	-83.7K	-158.1K	-38.9K	-113.7K	-82.4K
Net DEX	7.0M	1.7M	11.6M	11.1M	1.9M
Net VEX	-3.8K	-4.3K	-3.3K	-4.3K	-4.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.68	0.00	100.00	1.38	7.72
Total Volume	318.1	0	587	541	532
Total OI	2,186.3	693	3,412	3,252	906

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
2015-01-02	$43.87	$42.00	15.3%	4.3%	13.5%	47.6%	18.6%	3.5%	-0.2%	-113.7K	11.1M	-4.3K	1.38	73.59	N/A	N/A	227	314	483	2,769
2015-01-05	$43.44	$42.00	17.2%	4.7%	13.7%	58.9%	21.3%	4.5%	-0.4%	-91.9K	11.1M	-3.8K	1.04	76.42	N/A	N/A	26	27	483	2,769
2015-01-06	$43.12	$42.00	16.6%	4.7%	13.8%	55.4%	0.0%	4.6%	0.3%	-84.7K	11.2M	-3.7K	29.00	75.59	N/A	N/A	1	29	480	2,796
2015-01-07	$43.60	$42.00	13.9%	4.2%	14.5%	38.4%	0.0%	4.5%	0.5%	-97.5K	11.2M	-3.7K	0.00	77.94	N/A	N/A	17	0	479	2,820
2015-01-08	$44.06	$42.00	14.4%	4.2%	15.0%	42.0%	20.8%	4.5%	0.5%	-122.2K	11.1M	-4.1K	2.46	81.03	N/A	N/A	142	349	496	2,820
2015-01-09	$44.35	$42.00	13.7%	4.1%	15.0%	37.4%	21.4%	4.1%	0.5%	-147.0K	11.1M	-4.2K	2.46	80.05	N/A	N/A	142	349	497	2,820
2015-01-12	$44.04	$42.00	15.2%	4.2%	15.2%	46.4%	21.3%	4.6%	0.4%	-95.9K	11.2M	-3.8K	2.40	80.80	N/A	N/A	142	341	497	2,820
2015-01-13	$44.18	$42.00	15.6%	4.3%	14.9%	45.8%	22.3%	5.2%	0.0%	-111.2K	11.1M	-3.8K	2.40	79.43	N/A	N/A	142	341	497	2,822
2015-01-14	$43.90	$42.00	15.1%	4.3%	14.7%	42.7%	21.7%	4.7%	0.2%	-46.9K	11.2M	-3.5K	3.13	82.24	N/A	N/A	142	445	497	2,822
2015-01-15	$44.10	$42.00	14.9%	4.3%	14.6%	41.2%	22.2%	4.2%	0.5%	-57.2K	11.6M	-3.5K	3.74	79.82	N/A	N/A	119	445	497	2,915
2015-01-16	$44.46	$42.00	14.8%	4.2%	12.4%	40.5%	0.0%	4.4%	0.4%	-158.1K	11.5M	-3.7K	100.00	84.37	N/A	N/A	1	100	497	2,915
2015-01-20	$43.95	$42.00	15.6%	4.5%	12.8%	46.1%	17.1%	3.9%	-0.9%	-38.9K	1.7M	-3.3K	0.00	86.65	N/A	N/A	0	20	145	548
2015-01-21	$44.40	$43.00	15.5%	4.5%	12.6%	45.6%	14.3%	4.3%	-0.5%	-44.8K	1.7M	-3.5K	0.00	83.31	N/A	N/A	6	0	145	568
2015-01-22	$44.52	$43.00	13.3%	3.8%	12.4%	31.0%	19.4%	4.3%	1.0%	-42.2K	1.7M	-3.5K	4.69	85.45	N/A	N/A	68	319	151	568
2015-01-23	$44.29	$43.00	14.8%	4.3%	12.2%	41.1%	17.9%	3.5%	0.0%	-40.5K	1.7M	-3.5K	5.90	88.23	N/A	N/A	61	360	161	568
2015-01-26	$44.48	$43.00	15.5%	4.4%	12.2%	45.2%	15.1%	3.7%	-0.2%	-57.6K	1.7M	-3.7K	0.00	92.35	N/A	N/A	0	101	164	629
2015-01-27	$44.59	$44.00	14.5%	4.2%	12.1%	38.8%	0.0%	3.5%	-0.1%	-75.8K	1.8M	-4.0K	0.00	87.79	N/A	N/A	0	0	164	730
2015-01-28	$44.32	$44.00	15.9%	4.5%	11.8%	47.8%	19.2%	4.0%	-0.5%	-82.6K	1.8M	-4.0K	7.56	86.59	N/A	N/A	61	461	164	730
2015-01-29	$44.51	$44.00	14.9%	4.3%	11.7%	41.4%	19.7%	4.3%	0.5%	-81.8K	1.8M	-4.1K	7.72	87.94	N/A	N/A	61	471	164	730
2015-01-30	$44.20	$44.00	16.7%	4.8%	11.6%	53.4%	20.2%	4.6%	-0.2%	-82.4K	1.9M	-4.1K	7.72	86.33	N/A	N/A	61	471	164	742