EPP Options History — January 2016

In January 2016, EPP traded between $33.57 and $37.78. ATM implied volatility averaged 26.3%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 1.1% (HV 20d: 25.2%). Max pain ranged from $34.00 to $37.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.16.

Notable Days

  • 2016-01-15: Highest Volume — 1,221 contracts
  • 2016-01-07: Largest IV spike — 28.6% change
  • 2016-01-27: Highest IV Rank — 37.1%
  • 2016-01-27: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.97$33.57$37.78$37.78$35.17
Max Pain$34.74$34.00$37.00$37.00$34.00
ATM IV26.3%20.7%34.1%23.3%23.8%
Expected Move7.1%5.6%9.8%6.0%6.8%
HV 20d25.2%19.8%28.7%20.1%28.7%
HV 60d20.9%18.4%22.6%18.6%22.6%
IV Rank24.8%16.0%37.1%20.2%20.9%
IV Percentile91.5%75.4%98.0%88.9%83.7%
Term Structure-1.0%-8.0%4.7%-1.3%4.7%
VWIV24.8%20.6%37.3%21.3%22.0%
Skew 25d-4.1%-49.2%9.5%6.4%-41.9%
Skew 10d12.2%-29.1%27.8%16.5%-29.1%
Call IV 25d34.5%18.6%86.9%18.9%69.2%
Put IV 25d30.4%22.5%63.8%25.3%27.4%
Bid-Ask Spread %110.5590.82140.8593.00127.17
Gamma HHI0.340.210.810.810.25
Net GEX17.8K-7.8K179.5K179.5K-7.8K
Net DEX665.8K194.3K985.0K194.3K470.0K
Net VEX-909-2.1K-350-2.1K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.160.244.260.264.26
Total Volume671.2632471,2211,005247
Total OI767.6842771,2491,189277

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-01-04$37.78$37.0023.3%6.0%20.1%20.2%21.3%6.4%-1.3%179.5K194.3K-2.1K0.2693.00N/AN/A798207877312
2016-01-05$37.55$37.0020.7%5.6%19.8%16.0%20.6%4.0%0.0%140.0K471.3K-1.5K0.2693.76N/AN/A798207877312
2016-01-06$36.54$37.0024.8%6.2%21.2%22.4%21.2%3.8%-0.4%47.6K794.5K-8820.2698.13N/AN/A798207877312
2016-01-07$35.37$37.0031.9%6.9%23.3%33.6%21.3%6.7%0.2%11.5K942.9K-5060.2490.82N/AN/A818199877312
2016-01-08$34.79$35.0025.5%6.9%23.7%23.6%22.3%4.4%-0.1%2.5K952.8K-3980.2498.23N/AN/A818199897310
2016-01-11$34.93$35.0030.2%6.7%23.8%30.9%24.1%2.2%-1.1%2.1K979.8K-3500.26104.84N/AN/A838219897312
2016-01-12$35.06$34.0026.9%6.7%22.9%25.8%25.0%3.3%-0.6%3.6K985.0K-5550.26104.78N/AN/A838219917332
2016-01-13$34.56$34.0024.7%7.1%23.2%22.3%22.9%5.4%-2.7%3.9K834.0K-5570.26121.89N/AN/A838219917296
2016-01-14$35.06$34.0024.0%6.9%23.9%21.2%23.9%7.1%-1.7%3.8K863.2K-5270.30103.70N/AN/A838252917296
2016-01-15$33.57$34.0027.1%7.8%25.9%26.1%28.7%2.7%-3.5%-1.5K940.9K-6970.46133.00N/AN/A839382917329
2016-01-19$34.15$34.0026.1%7.5%27.1%24.6%29.3%-43.2%-0.1%-7.0K508.0K-1.2K4.26133.58N/AN/A4720057220
2016-01-20$33.60$34.0026.8%7.7%27.0%25.7%28.2%7.6%-0.5%-4.9K570.7K-9154.26105.52N/AN/A4720057220
2016-01-21$34.00$34.0026.7%7.6%27.5%25.4%25.3%9.4%-0.6%-5.5K557.1K-9094.2693.97N/AN/A4720057220
2016-01-22$34.57$34.0024.5%7.0%28.2%22.0%24.3%9.5%-3.2%-5.5K535.1K-9224.26108.58N/AN/A4720057220
2016-01-25$34.12$34.0025.8%7.4%27.5%24.0%25.1%4.4%0.0%-5.2K528.9K-8884.26100.67N/AN/A4720057220
2016-01-26$34.64$34.0028.0%8.0%28.4%27.6%24.4%-49.2%0.1%-6.4K513.3K-1.1K4.26134.54N/AN/A4720057220
2016-01-27$34.24$34.0034.1%9.8%28.5%37.1%37.3%-23.0%-8.0%-7.2K492.9K-1.2K4.26140.85N/AN/A4720057220
2016-01-28$34.74$34.0024.7%7.1%27.9%22.3%25.0%3.0%-0.5%-5.9K515.1K-9624.26113.47N/AN/A4720057220
2016-01-29$35.17$34.0023.8%6.8%28.7%20.9%22.0%-41.9%4.7%-7.8K470.0K-1.1K4.26127.17N/AN/A4720057220