EPP Options History — April 2017

In April 2017, EPP traded between $43.71 and $44.82. ATM implied volatility averaged 11.8%, placing in the 4.1% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 2.2% (HV 20d: 9.6%). Max pain ranged from $43.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.46.

Notable Days

2017-04-18: Highest Volume — 185 contracts
2017-04-07: Largest IV spike — 66.9% change
2017-04-07: Highest IV Rank — 10.9%
2017-04-21: Largest Expected Move — 4.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.53	$43.71	$44.82	$44.69	$44.82
Max Pain	$44.37	$43.00	$45.00	$43.00	$44.00
ATM IV	11.8%	8.9%	18.1%	10.3%	9.1%
Expected Move	3.4%	2.6%	4.1%	3.0%	2.6%
HV 20d	9.6%	7.5%	11.9%	11.8%	8.5%
HV 60d	9.9%	9.5%	10.3%	9.8%	10.3%
IV Rank	4.1%	1.0%	10.9%	2.6%	1.3%
IV Percentile	15.8%	0.4%	64.3%	2.4%	1.2%
Term Structure	0.5%	-2.7%	2.7%	1.1%	2.7%
VWIV	12.5%	9.7%	16.3%	11.9%	9.7%
Skew 25d	3.3%	-0.1%	9.4%	3.3%	4.7%
Skew 10d	6.4%	2.3%	16.3%	7.3%	3.7%
Call IV 25d	10.9%	7.7%	15.1%	9.8%	7.7%
Put IV 25d	14.3%	12.2%	18.5%	13.1%	12.4%
Bid-Ask Spread %	113.17	88.12	148.52	88.12	117.18
Gamma HHI	0.44	0.25	0.69	0.49	0.37
Net GEX	23.7K	4.8K	45.4K	45.4K	7.2K
Net DEX	-260.2K	-380.8K	-83.0K	-310.0K	-94.4K
Net VEX	-701	-953	-574	-860	-632
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.46	1.08	1.60	1.60	1.32
Total Volume	141.895	85	185	156	88
Total OI	224.316	99	271	271	99

Daily Data (19 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
2017-04-03	$44.69	$43.00	10.3%	3.0%	11.8%	2.6%	11.9%	3.3%	1.1%	45.4K	-310.0K	-860	1.60	88.12	N/A	N/A	60	96	163	108
2017-04-04	$44.60	$43.00	9.3%	2.7%	11.9%	1.4%	11.7%	3.5%	1.7%	44.9K	-303.3K	-848	1.60	95.95	N/A	N/A	60	96	163	108
2017-04-05	$44.66	$43.00	10.2%	2.9%	11.7%	2.4%	14.8%	4.9%	2.4%	30.1K	-345.4K	-809	1.60	133.90	N/A	N/A	60	96	163	108
2017-04-06	$44.56	$45.00	10.8%	3.6%	11.7%	3.1%	12.3%	3.0%	1.3%	36.6K	-324.3K	-790	1.60	117.31	N/A	N/A	60	96	163	108
2017-04-07	$44.42	$45.00	18.1%	4.0%	11.4%	10.9%	11.9%	1.1%	-2.2%	38.0K	-263.5K	-953	1.60	126.27	N/A	N/A	60	96	163	108
2017-04-10	$44.53	$45.00	10.0%	3.5%	11.4%	2.2%	11.8%	3.1%	1.7%	36.7K	-327.4K	-729	1.60	100.42	N/A	N/A	60	96	163	108
2017-04-11	$44.61	$45.00	8.9%	3.5%	11.1%	1.0%	12.3%	2.7%	0.6%	20.8K	-340.2K	-653	1.60	108.57	N/A	N/A	60	96	163	108
2017-04-12	$44.66	$45.00	12.4%	3.6%	7.5%	4.8%	12.7%	2.4%	0.7%	37.0K	-344.0K	-687	1.60	117.13	N/A	N/A	60	96	163	108
2017-04-13	$44.58	$45.00	11.1%	3.2%	7.5%	3.4%	11.3%	-0.1%	-0.3%	33.6K	-380.2K	-605	1.60	128.77	N/A	N/A	60	96	163	108
2017-04-17	$44.63	$45.00	12.9%	3.7%	7.5%	5.3%	12.9%	1.9%	-0.2%	30.7K	-361.8K	-623	1.60	102.14	N/A	N/A	60	96	163	108
2017-04-18	$44.17	$45.00	13.3%	3.8%	8.3%	5.8%	13.0%	2.3%	1.2%	10.3K	-277.6K	-664	1.08	112.70	N/A	N/A	89	96	160	108
2017-04-19	$43.71	$45.00	13.5%	3.9%	8.1%	5.9%	12.9%	2.2%	0.9%	20.8K	-254.9K	-667	1.08	95.13	N/A	N/A	89	96	160	108
2017-04-20	$44.29	$45.00	13.7%	3.9%	9.3%	6.1%	12.5%	3.7%	0.7%	30.3K	-276.4K	-670	1.35	112.27	N/A	N/A	71	96	160	108
2017-04-21	$44.31	$44.00	14.4%	4.1%	9.3%	6.9%	16.3%	-0.1%	-2.7%	5.7K	-380.8K	-574	1.28	119.34	N/A	N/A	75	96	161	92
2017-04-24	$44.64	$44.00	11.3%	3.2%	9.4%	3.6%	11.5%	4.1%	0.7%	5.9K	-83.0K	-655	1.43	95.66	N/A	N/A	35	50	49	50
2017-04-25	$44.82	$44.00	12.3%	3.5%	9.5%	4.7%	12.5%	5.6%	-0.3%	5.8K	-94.7K	-637	1.43	118.79	N/A	N/A	35	50	49	50
2017-04-26	$44.71	$44.00	12.5%	3.6%	8.9%	4.9%	12.6%	5.2%	-0.8%	5.8K	-90.2K	-632	1.43	112.11	N/A	N/A	35	50	49	50
2017-04-27	$44.72	$44.00	10.2%	2.9%	8.4%	2.4%	13.1%	9.4%	-0.4%	4.8K	-92.8K	-634	1.43	148.52	N/A	N/A	35	50	49	50
2017-04-28	$44.82	$44.00	9.1%	2.6%	8.5%	1.3%	9.7%	4.7%	2.7%	7.2K	-94.4K	-632	1.32	117.18	N/A	N/A	38	50	49	50