EPP Options History — February 2018

In February 2018, EPP traded between $45.70 and $49.59. ATM implied volatility averaged 15.8%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 2.3% (HV 20d: 18.1%). Max pain ranged from $45.00 to $51.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.61.

Notable Days

2018-02-21: Highest Volume — 1,077 contracts
2018-02-06: Largest IV spike — 141.7% change
2018-02-06: Highest IV Rank — 57.8%
2018-02-06: Largest Expected Move — 10.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.61	$45.70	$49.59	$49.59	$47.71
Max Pain	$47.05	$45.00	$51.00	$51.00	$47.00
ATM IV	15.8%	10.4%	42.6%	10.4%	13.5%
Expected Move	4.4%	3.1%	10.7%	3.1%	3.9%
HV 20d	18.1%	9.0%	20.6%	9.0%	20.6%
HV 60d	13.9%	10.4%	15.1%	10.4%	15.1%
IV Rank	14.9%	6.1%	57.8%	6.1%	11.1%
IV Percentile	81.5%	22.6%	98.0%	22.6%	81.0%
Term Structure	-1.1%	-13.4%	3.3%	0.2%	-1.7%
VWIV	15.1%	10.6%	20.4%	10.6%	14.8%
Skew 25d	4.2%	2.1%	8.0%	2.1%	3.5%
Skew 10d	8.8%	-0.5%	20.4%	4.5%	7.8%
Call IV 25d	13.7%	10.5%	20.0%	10.5%	13.0%
Put IV 25d	17.9%	12.6%	28.0%	12.6%	16.5%
Bid-Ask Spread %	90.50	48.00	132.54	65.75	111.68
Gamma HHI	0.33	0.28	0.40	0.30	0.28
Net GEX	-18.0K	-54.7K	14.0K	1.9K	5.9K
Net DEX	229.2K	-352.2K	988.8K	-192.3K	-126.7K
Net VEX	-8.8K	-9.7K	-7.5K	-7.5K	-9.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.61	1.59	4.05	3.86	1.59
Total Volume	951.263	816	1,077	816	995
Total OI	1,077.579	943	1,248	943	1,248

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
2018-02-01	$49.59	$51.00	10.4%	3.1%	9.0%	6.1%	10.6%	2.1%	0.2%	1.9K	-192.3K	-7.5K	3.86	65.75	N/A	N/A	168	648	274	669
2018-02-02	$48.73	$50.00	13.1%	3.7%	11.1%	10.5%	11.1%	3.6%	-2.3%	-12.9K	-2.2K	-7.7K	3.86	66.74	N/A	N/A	168	648	279	672
2018-02-05	$47.30	$50.00	17.6%	3.8%	15.1%	17.7%	14.1%	4.3%	0.4%	-33.1K	250.3K	-7.5K	3.97	122.66	N/A	N/A	168	667	279	672
2018-02-06	$47.72	$50.00	42.6%	10.7%	15.6%	57.8%	20.4%	8.0%	-13.4%	-35.0K	539.6K	-9.0K	4.05	132.54	N/A	N/A	168	680	279	672
2018-02-07	$46.78	$45.00	15.2%	4.4%	16.9%	13.9%	16.6%	3.8%	0.3%	-52.0K	709.7K	-8.3K	4.05	88.07	N/A	N/A	168	680	279	677
2018-02-08	$45.70	$45.00	12.6%	3.6%	18.4%	9.7%	16.9%	2.8%	3.3%	-52.7K	761.9K	-7.9K	3.82	128.31	N/A	N/A	178	680	279	677
2018-02-09	$45.95	$45.00	19.4%	5.6%	18.5%	20.5%	17.2%	4.6%	-1.8%	-54.7K	988.8K	-8.1K	2.54	114.28	N/A	N/A	268	680	289	677
2018-02-12	$46.44	$45.00	17.4%	5.0%	18.8%	17.3%	17.7%	3.9%	-1.2%	-34.8K	621.4K	-9.2K	2.12	95.69	N/A	N/A	321	680	379	677
2018-02-13	$46.83	$45.00	16.2%	4.7%	19.2%	15.5%	15.6%	4.4%	-0.7%	-18.9K	416.9K	-9.2K	2.12	92.90	N/A	N/A	321	680	413	677
2018-02-14	$47.55	$45.00	13.9%	4.0%	19.9%	11.7%	15.1%	3.8%	-2.0%	-4.1K	395.6K	-9.2K	2.19	106.67	N/A	N/A	321	703	413	677
2018-02-15	$48.04	$47.00	13.7%	3.9%	20.3%	11.5%	14.6%	3.1%	-0.3%	-9.9K	-5.6K	-9.1K	2.11	96.60	N/A	N/A	331	700	413	696
2018-02-16	$47.87	$47.00	14.4%	4.1%	20.2%	12.5%	15.3%	4.7%	-0.2%	-9.1K	119.0K	-9.2K	2.15	98.09	N/A	N/A	331	710	421	697
2018-02-20	$47.67	$47.00	13.8%	3.9%	20.2%	11.5%	15.2%	4.9%	-0.0%	-18.3K	250.9K	-9.1K	2.19	69.88	N/A	N/A	321	704	406	712
2018-02-21	$47.62	$47.00	14.0%	4.0%	20.1%	11.9%	15.3%	6.4%	-0.1%	-16.3K	167.2K	-9.3K	2.24	71.32	N/A	N/A	332	745	411	712
2018-02-22	$47.83	$47.00	13.7%	3.9%	20.0%	11.5%	14.8%	4.0%	-0.0%	-15.9K	166.6K	-9.6K	1.84	52.14	N/A	N/A	332	611	422	753
2018-02-23	$48.26	$47.00	13.4%	3.8%	20.4%	10.9%	14.8%	4.6%	-0.1%	-8.6K	-27.0K	-9.4K	1.63	48.00	N/A	N/A	375	611	422	773
2018-02-26	$48.78	$47.00	11.7%	3.3%	20.3%	8.1%	12.0%	3.8%	0.6%	13.1K	-352.2K	-9.5K	1.63	48.70	N/A	N/A	375	611	466	773
2018-02-27	$48.22	$47.00	14.4%	4.1%	20.4%	12.6%	15.6%	2.7%	-1.3%	14.0K	-326.9K	-9.3K	1.59	109.49	N/A	N/A	384	611	466	773
2018-02-28	$47.71	$47.00	13.5%	3.9%	20.6%	11.1%	14.8%	3.5%	-1.7%	5.9K	-126.7K	-9.7K	1.59	111.68	N/A	N/A	384	611	475	773