EPP Options History — April 2018

In April 2018, EPP traded between $45.75 and $47.62. ATM implied volatility averaged 13.9%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded below realized volatility by 2.3% (HV 20d: 16.2%). Max pain ranged from $46.00 to $48.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.17.

Notable Days

  • 2018-04-04: Highest Volume — 857 contracts
  • 2018-04-10: Largest IV drop — 13.2% change
  • 2018-04-02: Highest IV Rank — 19.7%
  • 2018-04-02: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.89$45.75$47.62$45.75$47.22
Max Pain$47.40$46.00$48.00$47.00$46.00
ATM IV13.9%11.0%17.7%17.7%12.9%
Expected Move3.9%3.2%5.1%5.1%3.7%
HV 20d16.2%10.3%18.1%17.3%10.3%
HV 60d16.7%16.3%16.9%16.3%16.6%
IV Rank13.0%7.9%19.7%19.7%11.3%
IV Percentile72.2%31.7%94.4%94.4%68.7%
Term Structure-0.5%-3.4%3.9%-1.3%-0.7%
VWIV12.8%9.1%17.9%17.9%12.6%
Skew 25d3.6%-0.2%6.2%6.0%2.6%
Skew 10d8.1%0.2%14.9%10.0%2.8%
Call IV 25d12.2%8.9%16.0%16.0%10.9%
Put IV 25d15.8%12.6%21.9%21.9%13.5%
Bid-Ask Spread %65.2225.80125.8061.7069.01
Gamma HHI0.420.370.510.370.49
Net GEX-12.5K-69.6K69.5K-44.6K-69.0K
Net DEX473.8K-46.3K1.0M1.0M498.3K
Net VEX-6.6K-7.4K-5.7K-7.2K-5.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.512.632.630.61
Total Volume503.143289857852302
Total OI1,095.0487721,2291,224787

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$45.75$47.0017.7%5.1%17.3%19.7%17.9%6.0%-1.3%-44.6K1.0M-7.2K2.6361.70N/AN/A235617464760
2018-04-03$46.28$47.0017.1%4.9%17.9%18.7%16.1%5.2%-1.1%-28.1K851.0K-7.4K2.6349.59N/AN/A235617465760
2018-04-04$46.39$47.0017.0%4.9%17.8%18.5%15.0%6.2%-1.1%-21.7K811.2K-7.2K2.5742.17N/AN/A240617465760
2018-04-05$46.50$0.0015.8%4.4%17.7%16.4%0.0%4.2%-1.3%-12.5K609.5K-7.2K2.5746.34N/AN/A240617475729
2018-04-06$46.00$0.0016.3%4.5%18.0%17.4%0.0%4.0%-0.7%-29.9K773.2K-7.0K2.5758.88N/AN/A240617475729
2018-04-09$46.55$0.0015.7%4.2%17.3%16.2%0.0%3.0%-1.8%-8.2K573.4K-7.1K0.8554.61N/AN/A240205475729
2018-04-10$47.21$0.0013.6%3.7%18.1%12.5%0.0%2.8%-3.4%9.8K338.5K-7.0K0.85105.72N/AN/A240205475744
2018-04-11$47.21$0.0013.9%4.0%17.7%12.9%0.0%3.7%-0.4%8.3K251.6K-7.0K0.8594.88N/AN/A240205475744
2018-04-12$47.35$0.0013.9%4.0%17.8%13.0%12.3%3.9%-1.1%12.7K145.4K-6.9K0.8247.57N/AN/A250205475744
2018-04-13$47.23$48.0013.0%3.7%17.7%11.5%12.8%3.4%-0.4%25.5K212.2K-6.9K0.8231.93N/AN/A250205485744
2018-04-16$47.23$48.0012.9%3.7%17.7%11.2%12.1%3.5%0.8%47.8K246.2K-6.5K0.8248.61N/AN/A250205485744
2018-04-17$47.30$48.0012.7%3.6%17.5%10.8%11.5%3.2%-0.4%57.4K147.5K-6.5K0.8247.08N/AN/A250205485744
2018-04-18$47.62$48.0011.4%3.3%17.7%8.5%11.4%2.8%0.0%36.8K-46.3K-6.3K0.7925.80N/AN/A250197485744
2018-04-19$47.35$48.0012.2%3.5%17.7%10.1%12.4%2.8%0.4%69.5K103.7K-6.1K0.7992.46N/AN/A250197485744
2018-04-20$46.83$48.0011.0%3.2%16.1%7.9%11.1%1.8%0.9%12.7K474.6K-6.0K0.7951.20N/AN/A250197485744
2018-04-23$46.84$48.0012.4%3.6%15.2%10.4%11.3%2.4%3.9%-69.6K631.4K-6.0K0.5151.72N/AN/A197101246526
2018-04-24$46.81$48.0013.9%4.0%13.6%13.0%9.1%5.9%-3.4%-58.8K506.0K-6.1K0.54125.80N/AN/A188101246526
2018-04-25$46.79$48.0012.9%3.7%12.4%11.2%13.9%3.8%0.5%-65.5K635.9K-6.0K0.61103.77N/AN/A188114248526
2018-04-26$46.96$46.0012.9%3.7%12.4%11.3%12.9%-0.2%0.3%-66.8K578.1K-5.9K0.6161.52N/AN/A188114248539
2018-04-27$47.19$46.0012.4%3.5%12.0%10.3%13.4%3.9%0.3%-69.2K572.7K-5.8K0.6199.16N/AN/A188114248539
2018-04-30$47.22$46.0012.9%3.7%10.3%11.3%12.6%2.6%-0.7%-69.0K498.3K-5.7K0.6169.01N/AN/A188114248539