EPP Options History — January 2020

In January 2020, EPP traded between $44.72 and $48.09. ATM implied volatility averaged 14.0%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 3.7% (HV 20d: 10.3%). Max pain ranged from $36.00 to $46.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2020-01-06: Highest Volume — 10 contracts
2020-01-03: Largest IV spike — 162.5% change
2020-01-03: Highest IV Rank — 76.4%
2020-01-03: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.78	$44.72	$48.09	$46.73	$44.72
Max Pain	$45.00	$36.00	$46.00	$36.00	$46.00
ATM IV	14.0%	9.4%	31.1%	11.8%	15.5%
Expected Move	3.8%	2.8%	8.9%	3.4%	4.4%
HV 20d	10.3%	7.4%	16.2%	8.6%	16.2%
HV 60d	10.4%	9.5%	12.4%	10.4%	12.4%
IV Rank	19.7%	4.5%	76.4%	12.6%	24.7%
IV Percentile	35.9%	1.2%	99.6%	11.9%	76.2%
Term Structure	-0.1%	-6.6%	3.0%	-0.5%	-1.5%
VWIV	11.4%	10.9%	11.8%	11.8%	10.9%
Skew 25d	2.6%	-0.3%	6.2%	2.9%	-0.2%
Skew 10d	3.5%	-2.0%	10.6%	-0.0%	1.4%
Call IV 25d	11.6%	7.1%	29.9%	9.4%	14.6%
Put IV 25d	14.2%	10.0%	31.5%	12.2%	14.4%
Bid-Ask Spread %	107.08	79.47	137.58	104.05	109.22
Gamma HHI	0.37	0.18	0.85	0.45	0.18
Net GEX	20.3K	3.8K	60.7K	19.4K	3.8K
Net DEX	-89.9K	-225.4K	-8.5K	-55.6K	-8.5K
Net VEX	-280	-439	-153	-242	-392
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	2.571	0	10	0	10
Total OI	99.286	65	133	109	79

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2020-01-02	$46.73	$36.00	11.8%	3.4%	8.6%	12.6%	0.0%	2.9%	-0.5%	19.4K	-55.6K	-242	104.05	N/A	N/A	0	0	38	71
2020-01-03	$46.31	$36.00	31.1%	8.9%	9.3%	76.4%	0.0%	1.1%	-6.6%	11.7K	-53.9K	-239	136.18	N/A	N/A	0	0	38	71
2020-01-06	$46.39	$0.00	13.9%	3.4%	9.3%	19.3%	11.8%	1.8%	0.7%	16.8K	-36.5K	-234	94.99	N/A	N/A	10	0	38	71
2020-01-07	$46.40	$46.00	15.1%	3.7%	8.9%	23.4%	0.0%	2.6%	0.2%	22.9K	-77.6K	-304	109.89	N/A	N/A	0	0	48	71
2020-01-08	$46.74	$46.00	10.7%	2.9%	9.0%	8.9%	0.0%	2.7%	3.0%	28.1K	-78.6K	-266	103.94	N/A	N/A	0	0	48	71
2020-01-09	$46.73	$46.00	10.9%	3.1%	8.9%	9.6%	0.0%	4.7%	1.0%	27.5K	-85.8K	-219	110.03	N/A	N/A	0	0	48	71
2020-01-10	$46.93	$46.00	11.2%	3.6%	8.3%	10.5%	0.0%	6.2%	1.3%	33.2K	-99.4K	-177	137.58	N/A	N/A	0	0	48	71
2020-01-13	$47.36	$46.00	9.4%	3.8%	8.2%	4.5%	0.0%	1.7%	-0.5%	33.5K	-131.2K	-153	106.34	N/A	N/A	10	0	48	71
2020-01-14	$47.60	$46.00	23.1%	2.8%	8.3%	49.8%	0.0%	2.7%	0.1%	32.9K	-171.1K	-241	106.29	N/A	N/A	8	0	58	71
2020-01-15	$47.59	$46.00	10.8%	3.1%	7.4%	9.2%	10.9%	-0.3%	0.8%	34.2K	-163.1K	-300	116.46	N/A	N/A	4	0	58	71
2020-01-16	$48.07	$46.00	11.0%	3.1%	7.8%	9.7%	0.0%	2.9%	2.3%	30.3K	-205.8K	-272	118.37	N/A	N/A	0	0	62	71
2020-01-17	$48.09	$46.00	10.7%	3.1%	7.7%	8.7%	0.0%	2.1%	1.1%	60.7K	-225.4K	-248	101.21	N/A	N/A	0	0	62	71
2020-01-21	$47.28	$46.00	12.3%	3.5%	10.2%	14.0%	0.0%	3.9%	0.4%	10.6K	-86.0K	-252	91.69	N/A	N/A	0	0	34	31
2020-01-22	$47.42	$46.00	11.7%	3.4%	10.2%	12.2%	0.0%	3.9%	0.4%	9.6K	-87.9K	-280	79.47	N/A	N/A	0	0	34	31
2020-01-23	$47.34	$46.00	12.2%	3.5%	10.3%	13.6%	0.0%	3.7%	-0.1%	11.1K	-87.4K	-247	89.50	N/A	N/A	0	0	34	31
2020-01-24	$46.91	$46.00	13.0%	3.7%	10.9%	16.3%	0.0%	1.2%	-0.1%	10.8K	-75.4K	-245	94.50	N/A	N/A	4	0	34	31
2020-01-27	$45.75	$46.00	14.7%	4.2%	14.1%	22.1%	0.0%	2.5%	-0.6%	7.4K	-39.5K	-340	86.24	N/A	N/A	0	8	38	31
2020-01-28	$46.07	$46.00	14.1%	4.0%	14.3%	19.9%	0.0%	3.9%	-0.6%	7.4K	-42.0K	-370	92.81	N/A	N/A	0	0	38	39
2020-01-29	$46.08	$46.00	17.8%	5.1%	14.3%	32.5%	0.0%	1.6%	-3.4%	7.4K	-43.8K	-439	134.67	N/A	N/A	0	0	38	39
2020-01-30	$45.85	$46.00	13.0%	3.7%	14.4%	16.4%	0.0%	3.9%	-0.2%	7.7K	-33.6K	-425	125.35	N/A	N/A	0	0	38	39
2020-01-31	$44.72	$46.00	15.5%	4.4%	16.2%	24.7%	0.0%	-0.2%	-1.5%	3.8K	-8.5K	-392	109.22	N/A	N/A	10	0	40	39