EPP Options History — February 2020

In February 2020, EPP traded between $41.75 and $46.78. ATM implied volatility averaged 16.3%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 1.9% (HV 20d: 18.3%). Max pain ranged from $44.00 to $46.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2020-02-27: Highest Volume — 35 contracts
  • 2020-02-24: Largest IV spike — 42.1% change
  • 2020-02-28: Highest IV Rank — 84.6%
  • 2020-02-28: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.33$41.75$46.78$45.07$41.75
Max Pain$44.35$44.00$46.00$46.00$44.00
ATM IV16.3%10.7%33.6%15.0%33.6%
Expected Move4.7%3.1%9.6%4.3%9.6%
HV 20d18.3%16.3%21.7%16.3%21.7%
HV 60d13.6%12.5%16.1%12.5%16.1%
IV Rank27.4%8.8%84.6%23.0%84.6%
IV Percentile57.6%3.6%99.6%68.3%99.6%
Term Structure-0.5%-7.0%18.2%-0.6%-7.0%
VWIV18.7%14.6%23.2%15.5%23.2%
Skew 25d4.0%0.1%12.9%3.9%12.9%
Skew 10d4.5%-0.8%15.8%15.8%10.9%
Call IV 25d14.9%8.5%34.4%13.5%27.2%
Put IV 25d18.9%11.7%47.2%17.4%40.1%
Bid-Ask Spread %107.2380.49139.3495.7597.17
Gamma HHI0.230.140.360.200.16
Net GEX6.7K-5.7K15.3K5.3K-5.7K
Net DEX-32.6K-86.2K90.6K-19.0K90.6K
Net VEX-396-634-277-373-634
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.003.380.003.38
Total Volume5.05303503
Total OI88.8427710579105

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$45.07$46.0015.0%4.3%16.3%23.0%0.0%3.9%-0.6%5.3K-19.0K-3730.0095.75N/AN/A004039
2020-02-04$45.75$46.0012.8%3.7%17.3%15.6%0.0%2.2%0.4%8.9K-41.6K-3350.0096.52N/AN/A004039
2020-02-05$45.95$46.0013.6%3.9%17.4%18.4%0.0%1.9%-0.7%9.4K-47.8K-3370.0098.24N/AN/A004039
2020-02-06$46.16$0.0013.6%3.9%17.3%18.4%0.0%2.2%-0.1%9.6K-55.3K-3230.0085.62N/AN/A074039
2020-02-07$45.66$0.0012.7%3.7%17.7%15.3%15.5%2.9%0.0%8.2K-34.8K-3250.0084.84N/AN/A054044
2020-02-10$45.76$44.0013.1%3.7%17.6%16.6%0.0%3.3%-0.0%6.3K-26.7K-2770.0080.49N/AN/A903049
2020-02-11$46.09$44.0012.9%3.7%17.5%16.0%0.0%3.5%0.0%9.4K-55.8K-3570.0097.90N/AN/A303949
2020-02-12$46.78$44.0014.1%4.1%18.3%20.2%0.0%1.9%-2.6%9.9K-83.1K-4010.00112.85N/AN/A004249
2020-02-13$46.40$44.0015.3%4.4%18.4%23.9%0.0%5.7%-3.7%12.6K-77.2K-3240.00109.61N/AN/A014249
2020-02-14$46.50$44.0010.7%3.1%18.0%8.8%0.0%5.2%3.4%12.1K-81.3K-3330.00121.40N/AN/A104250
2020-02-18$46.33$44.0013.1%3.8%18.0%16.8%0.0%2.5%-2.2%15.3K-77.8K-3330.00107.08N/AN/A004350
2020-02-19$46.56$44.0011.9%3.4%17.2%12.9%0.0%2.0%1.7%12.4K-86.2K-3170.00114.26N/AN/A004350
2020-02-20$46.04$44.0016.2%4.6%17.5%26.9%0.0%0.1%-6.5%10.6K-57.9K-4000.00135.85N/AN/A004350
2020-02-21$45.81$44.0014.8%4.2%17.6%22.4%0.0%0.7%-1.2%12.2K-53.6K-2910.00126.21N/AN/A004350
2020-02-24$44.30$44.0021.0%6.0%20.8%43.0%14.6%12.8%18.2%-2.2K16.8K-4680.00139.34N/AN/A802948
2020-02-25$43.76$44.0021.0%6.0%19.5%42.9%21.5%5.0%-2.9%1981.3K-4920.00106.12N/AN/A0243748
2020-02-26$43.64$44.0019.8%5.7%19.1%39.0%0.0%5.7%-2.4%-2.7K22.6K-5820.00111.52N/AN/A003767
2020-02-27$43.03$44.0024.8%7.1%19.5%55.5%23.2%1.1%-3.2%-3.6K47.3K-6153.38116.59N/AN/A8273767
2020-02-28$41.75$44.0033.6%9.6%21.7%84.6%0.0%12.9%-7.0%-5.7K90.6K-6340.0097.17N/AN/A033768