EPP Options History — September 2018

In September 2018, EPP traded between $43.90 and $45.78. 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 0.3% (HV 20d: 14.1%). Max pain ranged from $46.00 to $47.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.39.

Notable Days

2018-09-21: Highest Volume — 229 contracts
2018-09-26: Largest IV spike — 10.5% change
2018-09-10: Highest IV Rank — 16.6%
2018-09-11: Largest Expected Move — 4.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.03	$43.90	$45.78	$45.55	$45.38
Max Pain	$46.11	$46.00	$47.00	$47.00	$46.00
ATM IV	13.9%	12.4%	15.9%	13.6%	14.1%
Expected Move	3.9%	3.6%	4.4%	3.9%	4.0%
HV 20d	14.1%	11.6%	15.2%	14.4%	11.6%
HV 60d	14.1%	13.1%	15.4%	14.7%	13.1%
IV Rank	13.0%	10.5%	16.6%	12.4%	13.4%
IV Percentile	74.4%	54.4%	89.7%	75.4%	81.0%
Term Structure	-0.2%	-2.6%	1.5%	-0.1%	-0.6%
VWIV	14.7%	12.8%	18.3%	15.7%	14.3%
Skew 25d	4.3%	0.9%	19.4%	1.4%	2.7%
Skew 10d	9.7%	0.3%	29.1%	2.1%	2.5%
Call IV 25d	13.2%	11.4%	15.8%	14.8%	13.6%
Put IV 25d	17.5%	14.8%	35.2%	16.2%	16.3%
Bid-Ask Spread %	82.15	55.86	126.96	98.32	101.73
Gamma HHI	0.26	0.22	0.29	0.24	0.28
Net GEX	-6.9K	-18.0K	7.8K	7.8K	-5.0K
Net DEX	61.2K	-39.4K	182.3K	29.3K	3.1K
Net VEX	-1.1K	-1.3K	-884	-1.1K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.39	1.10	1.74	1.71	1.52
Total Volume	208.211	189	229	190	199
Total OI	277.421	261	293	261	263

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
2018-09-04	$45.55	$47.00	13.6%	3.9%	14.4%	12.4%	15.7%	1.4%	-0.1%	7.8K	29.3K	-1.1K	1.71	98.32	N/A	N/A	70	120	148	113
2018-09-05	$44.97	$47.00	14.6%	4.2%	14.5%	14.3%	18.3%	0.9%	-0.5%	-4.5K	98.6K	-1.1K	1.71	76.01	N/A	N/A	70	120	148	123
2018-09-06	$44.54	$46.00	14.6%	4.1%	14.6%	14.4%	16.0%	3.7%	-0.4%	-9.1K	132.7K	-1.1K	1.74	89.18	N/A	N/A	69	120	148	123
2018-09-07	$43.90	$46.00	15.2%	4.2%	15.2%	15.3%	15.3%	4.2%	-0.2%	-16.4K	182.3K	-956	1.74	67.65	N/A	N/A	69	120	138	123
2018-09-10	$43.94	$46.00	15.9%	4.3%	14.3%	16.6%	15.6%	3.0%	-0.2%	-18.0K	178.6K	-884	1.22	55.86	N/A	N/A	98	120	138	123
2018-09-11	$43.95	$46.00	15.8%	4.4%	14.2%	16.5%	15.8%	4.3%	-1.1%	-15.6K	159.9K	-1.1K	1.22	61.13	N/A	N/A	98	120	168	123
2018-09-12	$44.52	$46.00	14.7%	4.2%	15.0%	14.5%	16.2%	4.1%	-1.1%	-11.7K	123.3K	-1.2K	1.22	70.36	N/A	N/A	98	120	168	123
2018-09-13	$44.77	$46.00	13.7%	3.9%	15.1%	12.6%	14.9%	4.1%	-0.3%	-7.5K	77.4K	-1.2K	1.20	90.39	N/A	N/A	100	120	168	123
2018-09-14	$44.80	$46.00	13.2%	3.8%	14.5%	11.8%	14.3%	4.1%	0.5%	-10.1K	85.2K	-1.2K	1.20	92.20	N/A	N/A	100	120	170	123
2018-09-17	$44.71	$46.00	13.0%	3.7%	13.8%	11.5%	14.6%	6.2%	1.5%	-13.4K	86.5K	-1.2K	1.20	72.50	N/A	N/A	100	120	170	123
2018-09-18	$45.20	$46.00	12.9%	3.7%	14.5%	11.3%	13.4%	3.4%	0.3%	-8.8K	44.0K	-1.2K	1.20	76.55	N/A	N/A	100	120	170	123
2018-09-19	$45.50	$46.00	13.3%	3.8%	14.8%	12.0%	13.5%	3.0%	0.8%	-1.2K	15.5K	-1.1K	1.20	75.98	N/A	N/A	100	120	170	123
2018-09-20	$45.69	$46.00	12.6%	3.6%	14.9%	10.7%	13.0%	3.4%	0.7%	-4.6K	6.4K	-1.1K	1.20	92.66	N/A	N/A	100	120	170	123
2018-09-21	$45.78	$46.00	12.4%	3.6%	14.0%	10.5%	12.8%	3.5%	0.4%	-3.8K	-14.9K	-1.2K	1.10	66.93	N/A	N/A	109	120	170	123
2018-09-24	$45.52	$46.00	13.1%	3.7%	13.9%	11.6%	13.7%	3.2%	-0.6%	-2.6K	5.6K	-1.1K	1.52	68.04	N/A	N/A	79	120	140	123
2018-09-25	$45.63	$46.00	13.0%	3.7%	13.3%	11.4%	13.5%	3.4%	-0.8%	-2.3K	-5.8K	-1.1K	1.52	77.64	N/A	N/A	79	120	140	123
2018-09-26	$45.68	$46.00	14.4%	4.1%	13.3%	13.9%	15.0%	19.4%	-2.6%	-1.8K	-39.4K	-1.3K	1.52	126.96	N/A	N/A	79	120	140	123
2018-09-27	$45.52	$46.00	13.1%	3.7%	12.6%	11.5%	14.3%	3.3%	-0.3%	-2.7K	-4.4K	-1.1K	1.52	100.76	N/A	N/A	79	120	140	123
2018-09-28	$45.38	$46.00	14.1%	4.0%	11.6%	13.4%	14.3%	2.7%	-0.6%	-5.0K	3.1K	-1.1K	1.52	101.73	N/A	N/A	79	120	140	123