EPP Options History — February 2021

In February 2021, EPP traded between $48.53 and $51.80. ATM implied volatility averaged 19.0%, placing in the 7.0% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 1.2% (HV 20d: 17.8%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 38.88.

Notable Days

2021-02-01: Highest Volume — 1,502 contracts
2021-02-25: Largest IV spike — 52.7% change
2021-02-25: Highest IV Rank — 14.0%
2021-02-25: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.29	$48.53	$51.80	$48.53	$49.76
Max Pain	$54.21	$50.00	$55.00	$50.00	$55.00
ATM IV	19.0%	14.7%	28.1%	22.0%	24.4%
Expected Move	5.6%	4.9%	8.1%	6.3%	7.0%
HV 20d	17.8%	16.6%	19.3%	18.9%	18.3%
HV 60d	15.7%	14.9%	17.6%	17.5%	15.3%
IV Rank	7.0%	3.1%	14.0%	11.3%	10.1%
IV Percentile	19.6%	2.8%	64.3%	38.5%	50.0%
Term Structure	0.7%	-4.8%	2.8%	0.0%	0.1%
VWIV	19.5%	19.3%	19.6%	19.3%	19.6%
Skew 25d	4.3%	-3.6%	9.0%	5.0%	4.7%
Skew 10d	7.3%	-2.7%	42.0%	2.7%	11.6%
Call IV 25d	16.6%	12.6%	19.8%	19.7%	14.3%
Put IV 25d	20.9%	14.6%	24.8%	24.7%	19.0%
Bid-Ask Spread %	108.61	85.01	119.25	114.41	114.93
Gamma HHI	0.50	0.26	0.63	0.54	0.30
Net GEX	25.0K	9.8K	37.1K	21.7K	14.2K
Net DEX	3.6M	-52.2K	4.6M	-52.2K	4.6M
Net VEX	-4.6K	-7.0K	-2.2K	-2.2K	-4.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	38.88	0.00	184.00	1.00	184.00
Total Volume	110.474	0	1,502	1,502	2
Total OI	1,939.316	303	2,184	303	2,184

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
2021-02-01	$48.53	$50.00	22.0%	6.3%	18.9%	11.3%	0.0%	5.0%	0.0%	21.7K	-52.2K	-2.2K	1.00	114.41	N/A	N/A	752	750	184	119
2021-02-02	$49.22	$50.00	18.6%	5.3%	19.3%	7.9%	0.0%	1.7%	2.8%	27.4K	3.3M	-4.6K	1.00	114.75	N/A	N/A	100	100	936	869
2021-02-03	$49.25	$50.00	19.0%	5.4%	18.2%	8.2%	0.0%	6.6%	1.7%	27.1K	3.9M	-3.7K	0.00	110.92	N/A	N/A	0	0	1,036	969
2021-02-04	$49.24	$55.00	16.7%	5.6%	18.2%	6.0%	0.0%	5.8%	0.7%	28.5K	3.9M	-3.3K	0.00	102.41	N/A	N/A	0	0	1,036	969
2021-02-05	$49.68	$55.00	14.8%	5.2%	18.4%	4.1%	0.0%	4.0%	1.8%	30.5K	3.8M	-4.4K	0.00	105.56	N/A	N/A	0	0	1,036	969
2021-02-08	$49.98	$55.00	14.7%	5.4%	18.4%	4.0%	0.0%	7.7%	1.5%	34.7K	3.8M	-4.2K	0.00	103.81	N/A	N/A	0	12	1,036	969
2021-02-09	$50.14	$55.00	14.8%	5.2%	17.8%	4.1%	0.0%	6.1%	1.7%	37.1K	3.7M	-5.0K	0.00	102.68	N/A	N/A	1	0	1,036	975
2021-02-10	$50.02	$55.00	17.1%	4.9%	17.7%	6.4%	0.0%	-3.6%	0.9%	30.9K	3.7M	-4.6K	0.00	108.64	N/A	N/A	0	0	1,035	975
2021-02-11	$50.49	$55.00	17.9%	5.1%	17.9%	7.1%	0.0%	3.3%	2.0%	26.0K	3.7M	-4.6K	0.00	118.40	N/A	N/A	0	0	1,035	975
2021-02-12	$50.53	$55.00	19.4%	5.6%	17.8%	8.7%	19.3%	6.5%	1.7%	27.4K	3.7M	-4.8K	0.00	110.65	N/A	N/A	0	3	1,035	975
2021-02-16	$50.90	$55.00	20.3%	5.8%	17.6%	9.6%	0.0%	3.3%	-0.3%	28.1K	3.7M	-4.6K	0.00	119.25	N/A	N/A	0	0	1,035	978
2021-02-17	$50.93	$55.00	18.7%	5.4%	17.4%	6.9%	0.0%	5.3%	1.1%	29.7K	3.6M	-4.5K	0.00	108.97	N/A	N/A	0	0	1,035	978
2021-02-18	$50.78	$55.00	18.2%	5.2%	17.0%	6.3%	0.0%	7.6%	0.6%	32.5K	3.6M	-4.3K	0.00	103.82	N/A	N/A	0	0	1,035	978
2021-02-19	$50.88	$55.00	17.7%	5.1%	17.0%	3.1%	0.0%	1.2%	2.0%	22.3K	3.5M	-4.8K	0.00	107.00	N/A	N/A	0	0	1,035	978
2021-02-22	$50.91	$55.00	21.0%	6.0%	16.6%	6.6%	19.6%	0.8%	-1.1%	17.9K	3.6M	-4.5K	8.40	104.29	N/A	N/A	20	168	1,013	978
2021-02-23	$51.80	$55.00	18.4%	5.3%	17.6%	3.9%	0.0%	6.6%	2.0%	16.4K	3.8M	-5.8K	184.00	85.01	N/A	N/A	1	184	1,033	1,055
2021-02-24	$51.71	$55.00	18.4%	5.3%	17.6%	3.9%	0.0%	9.0%	-1.2%	13.6K	4.3M	-5.7K	0.00	111.41	N/A	N/A	0	2	1,034	1,147
2021-02-25	$50.75	$55.00	28.1%	8.1%	16.7%	14.0%	0.0%	-0.0%	-4.8%	9.8K	3.8M	-7.0K	0.00	116.76	N/A	N/A	0	4	1,034	1,148
2021-02-26	$49.76	$55.00	24.4%	7.0%	18.3%	10.1%	0.0%	4.7%	0.1%	14.2K	4.6M	-4.2K	0.00	114.93	N/A	N/A	0	2	1,034	1,150