EPP Options History — May 2017

In May 2017, EPP traded between $43.93 and $45.24. ATM implied volatility averaged 13.8%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 3.5% (HV 20d: 10.3%). Max pain ranged from $44.00 to $44.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.02.

Notable Days

2017-05-25: Highest Volume — 182 contracts
2017-05-03: Largest IV spike — 110.4% change
2017-05-03: Highest IV Rank — 18.5%
2017-05-03: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.48	$43.93	$45.24	$45.24	$44.29
Max Pain	$44.00	$44.00	$44.00	$44.00	$44.00
ATM IV	13.8%	10.7%	25.3%	14.2%	14.9%
Expected Move	4.0%	3.1%	7.2%	4.1%	4.3%
HV 20d	10.3%	8.8%	11.5%	8.9%	10.0%
HV 60d	10.7%	10.2%	11.1%	10.4%	10.2%
IV Rank	6.3%	2.9%	18.5%	6.7%	7.5%
IV Percentile	33.3%	6.0%	92.9%	37.3%	51.2%
Term Structure	1.3%	-3.6%	26.1%	0.3%	-3.6%
VWIV	14.0%	11.9%	19.6%	14.0%	13.8%
Skew 25d	4.9%	1.6%	40.5%	1.6%	2.1%
Skew 10d	7.1%	-0.1%	27.7%	16.8%	3.6%
Call IV 25d	11.6%	8.9%	18.3%	11.5%	13.0%
Put IV 25d	16.6%	12.6%	58.8%	13.1%	15.1%
Bid-Ask Spread %	83.41	29.16	140.58	109.88	30.50
Gamma HHI	0.54	0.24	0.83	0.51	0.81
Net GEX	25.2K	3.7K	64.2K	13.8K	58.2K
Net DEX	-128.1K	-293.5K	-49.9K	-150.5K	-190.5K
Net VEX	-686	-977	-549	-549	-851
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.39	1.32	1.32	0.42
Total Volume	117.773	88	182	88	182
Total OI	133.682	99	203	109	203

Daily Data (22 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
2017-05-01	$45.24	$44.00	14.2%	4.1%	8.9%	6.7%	14.0%	1.6%	0.3%	13.8K	-150.5K	-549	1.32	109.88	N/A	N/A	38	50	59	50
2017-05-02	$45.22	$44.00	12.0%	3.4%	8.8%	4.4%	11.9%	2.5%	-0.1%	13.8K	-142.7K	-600	1.32	43.02	N/A	N/A	38	50	59	50
2017-05-03	$44.63	$44.00	25.3%	7.2%	10.1%	18.5%	19.6%	40.5%	26.1%	8.6K	-95.1K	-694	1.32	140.58	N/A	N/A	38	50	59	50
2017-05-04	$44.40	$0.00	14.7%	3.9%	10.2%	7.3%	0.0%	2.8%	1.7%	12.3K	-84.2K	-674	1.32	103.46	N/A	N/A	38	50	59	50
2017-05-05	$44.44	$0.00	12.3%	3.9%	10.2%	4.7%	0.0%	2.8%	-0.7%	13.9K	-84.8K	-647	1.32	105.01	N/A	N/A	38	50	59	50
2017-05-08	$44.27	$0.00	13.7%	3.8%	10.2%	6.2%	0.0%	1.6%	0.7%	12.5K	-80.1K	-623	1.32	113.68	N/A	N/A	38	50	59	50
2017-05-09	$44.10	$0.00	12.3%	3.6%	10.3%	4.6%	0.0%	3.1%	-0.1%	12.4K	-72.3K	-603	1.32	118.53	N/A	N/A	38	50	59	50
2017-05-10	$44.45	$0.00	12.8%	3.7%	10.7%	5.2%	0.0%	4.0%	0.5%	14.3K	-87.6K	-605	1.32	115.73	N/A	N/A	38	50	59	50
2017-05-11	$44.44	$0.00	13.4%	3.8%	10.7%	5.9%	0.0%	4.2%	0.9%	13.5K	-73.0K	-624	1.32	110.17	N/A	N/A	38	50	59	50
2017-05-12	$44.37	$0.00	10.7%	3.1%	10.6%	2.9%	0.0%	2.6%	5.3%	13.9K	-78.0K	-595	1.32	125.91	N/A	N/A	38	50	59	50
2017-05-15	$44.66	$0.00	12.4%	3.5%	10.9%	4.7%	0.0%	3.4%	0.0%	19.4K	-98.8K	-582	1.32	79.22	N/A	N/A	38	50	59	50
2017-05-16	$44.71	$0.00	12.9%	3.7%	10.2%	5.3%	0.0%	1.8%	-1.5%	25.4K	-102.3K	-550	1.32	29.16	N/A	N/A	38	50	59	50
2017-05-17	$43.93	$0.00	14.9%	4.3%	11.5%	7.4%	0.0%	2.9%	0.2%	6.0K	-49.9K	-569	1.32	42.89	N/A	N/A	38	50	59	50
2017-05-18	$44.00	$0.00	14.4%	4.1%	10.4%	6.9%	14.4%	2.6%	-0.4%	5.2K	-52.6K	-558	1.28	56.83	N/A	N/A	39	50	59	50
2017-05-19	$44.24	$44.00	13.6%	3.9%	10.6%	6.0%	12.5%	4.1%	-0.3%	3.7K	-65.4K	-553	1.09	66.97	N/A	N/A	46	50	60	50
2017-05-22	$44.54	$44.00	14.1%	4.0%	10.6%	6.6%	14.6%	5.2%	-2.6%	5.3K	-83.2K	-564	0.39	88.36	N/A	N/A	128	50	49	50
2017-05-23	$44.49	$44.00	13.3%	3.8%	10.4%	5.7%	12.9%	4.1%	-0.8%	57.9K	-252.3K	-977	0.39	96.56	N/A	N/A	128	50	149	50
2017-05-24	$44.65	$44.00	12.2%	3.5%	10.5%	4.5%	12.2%	4.9%	1.0%	62.9K	-257.4K	-949	0.39	88.80	N/A	N/A	128	50	149	50
2017-05-25	$44.65	$44.00	12.4%	3.6%	10.5%	4.8%	12.9%	5.9%	0.8%	64.2K	-293.5K	-937	0.42	68.90	N/A	N/A	128	54	149	50
2017-05-26	$44.41	$44.00	13.6%	3.9%	10.6%	6.1%	14.0%	2.7%	0.5%	58.4K	-223.7K	-936	0.42	70.22	N/A	N/A	128	54	149	54
2017-05-30	$44.35	$44.00	14.0%	4.0%	10.0%	6.5%	14.6%	2.8%	-0.2%	59.0K	-200.9K	-849	0.42	30.57	N/A	N/A	128	54	149	54
2017-05-31	$44.29	$44.00	14.9%	4.3%	10.0%	7.5%	13.8%	2.1%	-3.6%	58.2K	-190.5K	-851	0.42	30.50	N/A	N/A	128	54	149	54