EPP Options History — August 2021

In August 2021, EPP traded between $50.36 and $52.09. ATM implied volatility averaged 16.0%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 3.9% (HV 20d: 12.1%). Max pain ranged from $52.00 to $55.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2021-08-24: Highest Volume — 21 contracts
2021-08-24: Largest IV drop — 25.7% change
2021-08-23: Highest IV Rank — 55.2%
2021-08-23: Largest Expected Move — 6.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.31	$50.36	$52.09	$51.23	$51.11
Max Pain	$54.05	$52.00	$55.00	$52.00	$52.00
ATM IV	16.0%	12.2%	22.8%	16.1%	15.3%
Expected Move	4.6%	3.9%	6.5%	4.6%	4.4%
HV 20d	12.1%	9.7%	15.3%	15.2%	10.7%
HV 60d	11.8%	11.0%	12.7%	12.7%	11.8%
IV Rank	20.8%	1.4%	55.2%	21.3%	17.2%
IV Percentile	23.6%	0.4%	81.3%	21.8%	17.1%
Term Structure	1.0%	-1.3%	4.9%	0.3%	0.0%
VWIV	13.9%	13.5%	14.3%	13.5%	14.3%
Skew 25d	5.0%	1.3%	8.8%	3.1%	5.4%
Skew 10d	8.9%	1.1%	19.8%	12.2%	3.0%
Call IV 25d	13.6%	10.7%	16.4%	16.1%	11.1%
Put IV 25d	18.6%	16.5%	21.4%	19.3%	16.5%
Bid-Ask Spread %	92.42	55.34	105.00	88.12	86.44
Gamma HHI	0.36	0.16	0.54	0.43	0.28
Net GEX	15.4K	-1.1K	35.8K	12.3K	16.0K
Net DEX	789.1K	717.3K	854.2K	790.3K	790.4K
Net VEX	-395	-457	-321	-389	-425
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	3.5	0	21	0	1
Total OI	243	229	269	229	255

Daily Data (22 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
2021-08-02	$51.23	$52.00	16.1%	4.6%	15.2%	21.3%	0.0%	3.1%	0.3%	12.3K	790.3K	-389	88.12	N/A	N/A	0	0	40	189
2021-08-03	$51.65	$52.00	14.7%	4.2%	15.3%	13.8%	13.5%	4.0%	0.2%	14.3K	788.7K	-382	84.93	N/A	N/A	1	0	40	189
2021-08-04	$51.64	$52.00	13.7%	3.9%	15.0%	9.1%	0.0%	4.0%	0.3%	14.2K	785.4K	-375	91.14	N/A	N/A	0	0	40	189
2021-08-05	$51.75	$55.00	15.3%	4.3%	13.7%	17.1%	0.0%	4.3%	1.5%	15.7K	782.8K	-369	88.61	N/A	N/A	0	0	41	189
2021-08-06	$51.68	$55.00	12.2%	4.5%	12.8%	1.4%	0.0%	6.5%	1.2%	18.1K	785.9K	-367	89.38	N/A	N/A	0	0	41	189
2021-08-09	$51.64	$55.00	13.8%	4.4%	12.8%	9.2%	0.0%	4.0%	1.2%	18.0K	781.3K	-321	97.20	N/A	N/A	14	0	41	189
2021-08-10	$51.83	$55.00	16.9%	4.3%	12.8%	25.4%	0.0%	5.9%	1.6%	21.1K	774.0K	-342	95.73	N/A	N/A	0	0	46	189
2021-08-11	$52.00	$55.00	14.8%	4.2%	12.9%	14.6%	0.0%	7.5%	1.5%	28.4K	725.1K	-450	85.90	N/A	N/A	0	0	60	189
2021-08-12	$51.78	$55.00	15.5%	4.4%	12.7%	18.0%	0.0%	6.4%	1.2%	29.7K	737.0K	-453	100.40	N/A	N/A	0	0	60	189
2021-08-13	$52.09	$55.00	14.8%	4.2%	12.8%	14.2%	0.0%	6.9%	1.1%	35.6K	717.3K	-430	69.52	N/A	N/A	0	0	60	189
2021-08-16	$51.89	$55.00	15.1%	4.3%	9.7%	16.0%	0.0%	4.9%	1.3%	35.8K	752.4K	-406	102.71	N/A	N/A	0	0	60	189
2021-08-17	$50.84	$55.00	17.0%	4.9%	11.6%	25.9%	0.0%	5.0%	-0.1%	19.0K	796.9K	-365	55.34	N/A	N/A	0	0	60	189
2021-08-18	$50.73	$55.00	17.3%	5.0%	10.9%	27.3%	0.0%	3.7%	0.4%	9.7K	805.5K	-360	92.85	N/A	N/A	0	20	60	189
2021-08-19	$50.40	$55.00	19.7%	5.6%	10.9%	39.3%	0.0%	5.5%	-1.3%	4.0K	811.2K	-336	85.38	N/A	N/A	0	20	60	189
2021-08-20	$50.36	$55.00	18.2%	5.2%	10.9%	31.6%	0.0%	6.5%	0.8%	-1.1K	854.2K	-457	104.39	N/A	N/A	0	0	60	209
2021-08-23	$50.75	$55.00	22.8%	6.5%	11.3%	55.2%	0.0%	8.8%	4.9%	1.6K	835.4K	-408	104.77	N/A	N/A	0	0	33	201
2021-08-24	$51.05	$55.00	16.9%	4.9%	10.6%	25.4%	14.3%	2.5%	1.6%	2.3K	827.4K	-355	102.87	N/A	N/A	21	0	33	201
2021-08-25	$51.14	$55.00	16.3%	4.7%	10.5%	22.2%	0.0%	4.2%	1.1%	2.4K	830.1K	-382	101.37	N/A	N/A	0	0	33	201
2021-08-26	$50.70	$52.00	15.6%	4.5%	10.6%	18.7%	0.0%	2.4%	-0.4%	12.4K	802.4K	-446	96.38	N/A	N/A	0	0	54	201
2021-08-27	$51.26	$52.00	16.1%	4.6%	11.2%	21.3%	0.0%	1.3%	1.0%	13.4K	796.6K	-431	104.92	N/A	N/A	0	0	54	201
2021-08-30	$51.25	$52.00	14.5%	4.1%	11.1%	12.8%	0.0%	7.0%	2.4%	16.9K	790.7K	-442	105.00	N/A	N/A	0	0	54	201
2021-08-31	$51.11	$52.00	15.3%	4.4%	10.7%	17.2%	0.0%	5.4%	0.0%	16.0K	790.4K	-425	86.44	N/A	N/A	0	1	54	201