EPP Options History — February 2019

In February 2019, EPP traded between $43.66 and $45.72. ATM implied volatility averaged 14.1%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 1.5% (HV 20d: 12.6%). Max pain ranged from $43.00 to $43.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2019-02-01: Highest Volume — 37 contracts
  • 2019-02-21: Largest IV spike — 11.6% change
  • 2019-02-07: Highest IV Rank — 18.8%
  • 2019-02-07: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.74$43.66$45.72$43.66$45.40
Max Pain$43.00$43.00$43.00$43.00$43.00
ATM IV14.1%12.8%15.6%14.8%14.1%
Expected Move4.0%3.7%4.5%4.1%4.0%
HV 20d12.6%9.2%16.7%16.7%9.2%
HV 60d17.4%16.3%18.1%18.1%16.3%
IV Rank15.6%12.7%18.8%17.1%15.6%
IV Percentile50.7%29.0%68.7%62.3%52.4%
Term Structure0.7%-0.1%1.8%1.4%1.0%
VWIV13.2%13.0%13.3%13.3%13.3%
Skew 25d2.8%0.7%4.7%3.7%0.7%
Skew 10d6.0%0.7%11.4%11.4%2.9%
Call IV 25d12.6%9.7%14.2%12.9%11.7%
Put IV 25d15.4%12.5%17.2%16.7%12.5%
Bid-Ask Spread %94.0587.46102.4393.43102.43
Gamma HHI0.370.340.420.380.36
Net GEX82.5K59.3K109.6K59.3K109.6K
Net DEX-638.5K-950.6K-345.2K-345.2K-866.5K
Net VEX-2.8K-3.1K-2.4K-3.1K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.031.800.191.80
Total Volume10.947037370
Total OI540.842519569519569

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$43.66$43.0014.8%4.1%16.7%17.1%13.3%3.7%1.4%59.3K-345.2K-3.1K0.1993.43N/AN/A316319200
2019-02-04$43.99$43.0014.2%4.1%13.0%15.8%0.0%2.1%0.4%61.0K-413.8K-3.1K0.0091.48N/AN/A00320200
2019-02-05$44.64$43.0015.0%4.0%13.6%17.6%0.0%1.7%0.3%67.8K-566.6K-3.0K0.0096.14N/AN/A00320200
2019-02-06$44.17$43.0014.2%4.1%14.4%15.9%0.0%3.1%1.3%66.9K-480.7K-3.0K0.0093.55N/AN/A00320200
2019-02-07$44.03$43.0015.6%4.5%14.0%18.8%0.0%3.0%-0.1%61.4K-438.5K-3.1K0.0091.25N/AN/A00320200
2019-02-08$44.09$43.0015.1%4.3%13.9%17.7%0.0%3.2%0.1%64.0K-440.9K-3.0K0.0088.25N/AN/A00320200
2019-02-11$44.10$43.0015.2%4.4%13.8%18.0%0.0%3.4%0.5%68.7K-451.0K-2.9K0.0095.06N/AN/A00320200
2019-02-12$44.39$43.0014.3%4.1%13.7%16.0%0.0%2.7%1.2%72.5K-520.7K-2.8K0.0089.73N/AN/A00320200
2019-02-13$44.41$43.0013.9%4.0%13.6%15.0%13.0%2.0%0.8%75.4K-542.8K-2.8K0.0395.79N/AN/A311320200
2019-02-14$44.53$43.0013.8%4.0%13.5%15.0%13.1%2.1%0.5%85.0K-556.4K-3.0K0.0390.05N/AN/A311351201
2019-02-15$44.76$43.0013.5%3.9%13.6%14.2%13.3%1.5%0.9%90.4K-623.0K-2.9K0.0392.50N/AN/A311351201
2019-02-19$45.16$43.0013.2%3.8%13.7%13.7%0.0%2.1%0.9%95.9K-735.3K-2.7K0.0087.46N/AN/A011351191
2019-02-20$45.23$43.0012.9%3.7%10.7%13.0%0.0%3.0%1.8%100.2K-785.3K-2.6K0.0099.75N/AN/A018351206
2019-02-21$45.15$43.0014.4%4.1%10.8%16.2%0.0%2.8%0.4%92.3K-736.8K-2.8K0.0091.62N/AN/A018351208
2019-02-22$45.55$43.0012.8%3.7%11.0%12.7%0.0%4.7%0.8%95.6K-870.2K-2.4K1.8093.66N/AN/A1018351208
2019-02-25$45.72$43.0013.3%3.8%10.1%13.8%0.0%2.9%0.4%95.8K-950.6K-2.5K0.0098.37N/AN/A00361208
2019-02-26$45.69$43.0013.4%3.9%9.7%14.1%0.0%4.3%0.1%101.6K-913.6K-2.5K0.0097.51N/AN/A00361208
2019-02-27$45.48$43.0014.5%4.2%10.0%16.5%0.0%4.6%0.7%104.0K-893.7K-2.4K0.0098.90N/AN/A00361208
2019-02-28$45.40$43.0014.1%4.0%9.2%15.6%0.0%0.7%1.0%109.6K-866.5K-2.5K0.00102.43N/AN/A00361208