EPP Options History — October 2018

In October 2018, EPP traded between $40.51 and $45.40. ATM implied volatility averaged 16.5%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 4.3% (HV 20d: 12.1%). Max pain ranged from $42.00 to $46.00. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 3.08.

Notable Days

2018-10-19: Highest Volume — 228 contracts
2018-10-11: Largest IV spike — 23.9% change
2018-10-30: Highest IV Rank — 23.6%
2018-10-30: Largest Expected Move — 5.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.63	$40.51	$45.40	$45.40	$41.73
Max Pain	$42.75	$42.00	$46.00	$46.00	$42.00
ATM IV	16.5%	12.4%	20.1%	14.0%	15.7%
Expected Move	4.7%	3.6%	5.8%	4.0%	4.5%
HV 20d	12.1%	10.3%	16.3%	11.5%	16.3%
HV 60d	13.0%	12.3%	14.1%	12.8%	14.1%
IV Rank	17.3%	10.4%	23.6%	13.2%	15.8%
IV Percentile	86.7%	52.0%	97.2%	79.0%	82.5%
Term Structure	-0.8%	-2.7%	1.3%	-0.2%	1.1%
VWIV	17.1%	12.6%	20.2%	13.3%	18.3%
Skew 25d	3.6%	1.5%	7.3%	5.0%	4.0%
Skew 10d	10.3%	1.7%	18.8%	6.9%	10.2%
Call IV 25d	15.6%	10.7%	19.4%	10.7%	15.2%
Put IV 25d	19.2%	14.2%	24.7%	15.7%	19.2%
Bid-Ask Spread %	84.01	19.32	121.61	62.47	28.41
Gamma HHI	0.29	0.21	0.52	0.31	0.28
Net GEX	-12.6K	-23.2K	2.2K	-7.2K	-9.9K
Net DEX	167.2K	17.1K	307.7K	17.1K	110.9K
Net VEX	-841	-1.2K	-586	-1.0K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.08	1.45	5.61	1.52	4.81
Total Volume	155.652	68	228	199	122
Total OI	250.391	179	289	263	242

Daily Data (23 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
2018-10-01	$45.40	$46.00	14.0%	4.0%	11.5%	13.2%	13.3%	5.0%	-0.2%	-7.2K	17.1K	-1.0K	1.52	62.47	N/A	N/A	79	120	140	123
2018-10-02	$44.80	$46.00	12.4%	3.6%	12.0%	10.4%	12.6%	2.8%	0.1%	-17.8K	89.9K	-905	2.68	52.74	N/A	N/A	50	134	140	123
2018-10-03	$44.49	$46.00	13.9%	4.0%	11.3%	13.0%	12.8%	1.5%	-1.0%	-21.7K	130.6K	-934	2.68	19.32	N/A	N/A	50	134	139	137
2018-10-04	$44.01	$0.00	13.0%	3.8%	11.5%	11.3%	0.0%	2.4%	0.1%	-21.4K	180.9K	-823	2.68	49.27	N/A	N/A	50	134	139	137
2018-10-05	$43.85	$0.00	15.5%	4.2%	10.3%	15.9%	0.0%	2.6%	-0.5%	-20.3K	187.8K	-842	2.68	91.46	N/A	N/A	50	134	139	137
2018-10-08	$43.62	$0.00	14.3%	3.7%	10.5%	13.7%	0.0%	3.9%	1.3%	-17.0K	220.8K	-746	2.68	86.18	N/A	N/A	50	134	139	137
2018-10-09	$43.46	$0.00	16.8%	4.2%	10.5%	18.2%	0.0%	2.5%	0.3%	-16.8K	226.9K	-723	2.68	78.79	N/A	N/A	50	134	139	137
2018-10-10	$42.58	$0.00	14.8%	4.2%	11.5%	14.5%	0.0%	3.4%	-2.2%	-16.6K	240.2K	-717	2.72	105.15	N/A	N/A	50	136	139	137
2018-10-11	$42.05	$0.00	18.3%	5.2%	11.7%	20.4%	0.0%	3.7%	-2.2%	-17.3K	306.7K	-695	2.72	105.41	N/A	N/A	50	136	139	139
2018-10-12	$42.32	$0.00	14.1%	4.1%	12.1%	13.0%	16.0%	2.0%	-1.2%	-17.0K	289.0K	-714	2.70	121.61	N/A	N/A	50	135	139	139
2018-10-15	$42.31	$42.00	17.2%	4.9%	12.1%	18.5%	17.6%	5.1%	-1.3%	-22.9K	307.7K	-664	2.70	98.08	N/A	N/A	50	135	139	150
2018-10-16	$42.70	$42.00	16.7%	4.8%	11.9%	17.5%	17.0%	5.3%	-1.5%	-23.2K	282.1K	-649	2.70	92.71	N/A	N/A	50	135	139	150
2018-10-17	$42.56	$42.00	15.7%	4.5%	11.3%	15.8%	17.0%	2.7%	-1.7%	-14.6K	279.3K	-617	2.70	111.20	N/A	N/A	50	135	139	140
2018-10-18	$42.18	$42.00	18.1%	5.2%	11.1%	20.1%	18.5%	1.7%	-2.0%	-18.5K	293.1K	-605	2.70	100.31	N/A	N/A	50	135	139	140
2018-10-19	$42.52	$42.00	15.4%	4.4%	11.8%	15.3%	16.8%	3.4%	-1.0%	-4.5K	82.0K	-586	1.45	105.92	N/A	N/A	93	135	139	97
2018-10-22	$42.60	$42.00	16.7%	4.8%	11.9%	17.6%	17.9%	4.2%	-1.9%	2.2K	18.1K	-1.0K	2.78	103.20	N/A	N/A	18	50	126	53
2018-10-23	$42.05	$42.00	19.2%	5.5%	12.2%	22.0%	19.2%	4.0%	-0.1%	1.3K	41.5K	-1.0K	2.78	97.91	N/A	N/A	18	50	131	53
2018-10-24	$41.31	$42.00	18.8%	5.4%	12.9%	21.4%	19.5%	2.6%	0.3%	-468	54.6K	-907	2.78	103.29	N/A	N/A	18	50	131	53
2018-10-25	$41.30	$42.00	19.6%	5.6%	13.0%	22.8%	20.2%	5.8%	-1.4%	-3.6K	97.6K	-923	3.39	103.98	N/A	N/A	18	61	131	64
2018-10-26	$40.89	$42.00	19.0%	5.4%	13.1%	21.6%	15.4%	3.9%	-0.8%	-3.6K	103.1K	-887	5.06	107.21	N/A	N/A	18	91	131	64
2018-10-29	$40.51	$42.00	19.8%	5.7%	13.0%	23.0%	19.3%	7.3%	-2.7%	-8.5K	148.3K	-1.0K	5.61	61.10	N/A	N/A	18	101	131	99
2018-10-30	$41.35	$42.00	20.1%	5.8%	15.7%	23.6%	19.6%	4.1%	-0.9%	-10.6K	137.1K	-1.2K	5.61	46.57	N/A	N/A	18	101	131	109
2018-10-31	$41.73	$42.00	15.7%	4.5%	16.3%	15.8%	18.3%	4.0%	1.1%	-9.9K	110.9K	-1.2K	4.81	28.41	N/A	N/A	21	101	133	109