EPP Options History — September 2021

In September 2021, EPP traded between $48.39 and $51.99. ATM implied volatility averaged 17.6%, placing in the 32.8% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 4.2% (HV 20d: 13.4%). Max pain ranged from $52.00 to $65.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.03.

Notable Days

2021-09-22: Highest Volume — 21 contracts
2021-09-28: Largest IV spike — 59.5% change
2021-09-29: Highest IV Rank — 67.7%
2021-09-29: Largest Expected Move — 6.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.31	$48.39	$51.99	$51.53	$48.83
Max Pain	$64.38	$52.00	$65.00	$52.00	$65.00
ATM IV	17.6%	11.4%	24.0%	11.4%	17.8%
Expected Move	5.1%	3.3%	6.9%	3.3%	5.1%
HV 20d	13.4%	9.2%	18.0%	11.1%	17.9%
HV 60d	12.8%	11.5%	14.9%	11.9%	14.8%
IV Rank	32.8%	0.0%	67.7%	0.0%	34.6%
IV Percentile	42.5%	0.0%	92.1%	0.0%	49.6%
Term Structure	1.5%	-1.9%	3.9%	3.7%	-0.7%
VWIV	24.4%	17.5%	35.7%	17.5%	20.1%
Skew 25d	5.2%	-0.4%	9.3%	3.2%	5.4%
Skew 10d	7.8%	-0.4%	22.0%	-0.4%	3.9%
Call IV 25d	15.1%	11.5%	32.1%	11.9%	14.1%
Put IV 25d	20.4%	14.7%	40.1%	15.1%	19.5%
Bid-Ask Spread %	102.67	86.09	117.49	99.79	110.85
Gamma HHI	0.25	0.16	0.35	0.33	0.20
Net GEX	10.5K	-2.2K	22.9K	21.0K	3.1K
Net DEX	804.1K	762.3K	839.9K	776.8K	836.7K
Net VEX	-373	-440	-294	-409	-391
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.20	0.00	0.20
Total Volume	3.048	0	21	2	0
Total OI	260.048	241	278	255	278

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-09-01	$51.53	$52.00	11.4%	3.3%	11.1%	0.0%	0.0%	3.2%	3.7%	21.0K	776.8K	-409	0.00	99.79	N/A	N/A	0	2	54	201
2021-09-02	$51.80	$65.00	14.5%	4.6%	11.3%	15.2%	0.0%	3.4%	2.3%	19.4K	763.5K	-409	0.00	101.15	N/A	N/A	0	0	54	201
2021-09-03	$51.99	$65.00	17.1%	5.3%	11.3%	28.0%	0.0%	3.5%	0.2%	17.4K	769.9K	-440	0.00	100.96	N/A	N/A	0	0	54	203
2021-09-07	$51.93	$65.00	14.9%	4.6%	11.3%	17.2%	0.0%	6.6%	1.6%	22.4K	762.3K	-401	0.00	94.01	N/A	N/A	0	0	54	203
2021-09-08	$51.68	$65.00	15.3%	4.4%	11.4%	19.3%	0.0%	5.1%	3.4%	22.9K	771.9K	-386	0.00	91.52	N/A	N/A	2	0	54	203
2021-09-09	$51.28	$65.00	16.0%	4.6%	11.6%	24.5%	0.0%	5.8%	3.7%	20.9K	796.8K	-376	0.00	102.31	N/A	N/A	0	0	54	203
2021-09-10	$51.12	$65.00	16.8%	4.8%	11.6%	29.2%	0.0%	5.8%	2.9%	22.6K	772.3K	-389	0.00	96.80	N/A	N/A	4	0	56	203
2021-09-13	$51.25	$65.00	16.2%	4.7%	11.4%	26.0%	0.0%	6.7%	2.0%	21.9K	784.3K	-341	0.00	104.69	N/A	N/A	0	0	56	201
2021-09-14	$50.81	$65.00	17.4%	5.0%	11.7%	32.6%	0.0%	-0.4%	1.8%	14.5K	792.3K	-333	0.00	111.49	N/A	N/A	0	0	57	201
2021-09-15	$50.88	$65.00	17.5%	5.0%	9.2%	32.9%	0.0%	5.1%	1.1%	13.4K	805.2K	-309	0.00	105.43	N/A	N/A	5	0	57	201
2021-09-16	$50.50	$65.00	17.8%	5.1%	9.5%	34.3%	17.5%	4.3%	1.0%	4.7K	819.8K	-294	0.00	96.46	N/A	N/A	10	0	57	201
2021-09-17	$49.84	$65.00	17.5%	5.0%	10.4%	33.0%	0.0%	4.2%	0.4%	1.8K	811.4K	-334	0.00	108.44	N/A	N/A	0	10	62	201
2021-09-20	$48.39	$65.00	22.9%	6.6%	14.6%	61.7%	0.0%	2.4%	1.4%	-2.2K	839.8K	-310	0.00	101.55	N/A	N/A	0	0	40	201
2021-09-21	$49.18	$65.00	18.5%	5.3%	15.6%	38.3%	0.0%	5.6%	1.6%	-1.6K	839.9K	-375	0.00	99.68	N/A	N/A	0	0	40	211
2021-09-22	$49.64	$65.00	22.9%	6.6%	15.9%	61.6%	35.7%	8.0%	-1.1%	540	817.0K	-435	0.00	117.49	N/A	N/A	21	0	40	211
2021-09-23	$50.05	$65.00	17.8%	5.1%	16.2%	34.5%	0.0%	6.6%	1.1%	280	825.2K	-348	0.00	95.97	N/A	N/A	0	0	40	211
2021-09-24	$49.27	$65.00	17.3%	5.0%	16.8%	31.8%	0.0%	7.2%	2.1%	5.7K	823.4K	-404	0.20	86.09	N/A	N/A	5	1	61	211
2021-09-27	$49.58	$65.00	13.6%	3.9%	16.5%	12.0%	20.1%	9.3%	3.9%	7.1K	809.8K	-369	0.00	114.34	N/A	N/A	0	4	61	211
2021-09-28	$48.49	$65.00	21.7%	6.2%	18.0%	55.4%	0.0%	4.2%	-1.9%	2.5K	831.2K	-399	0.00	108.40	N/A	N/A	0	0	64	212
2021-09-29	$48.56	$65.00	24.0%	6.9%	18.0%	67.7%	0.0%	8.1%	0.6%	2.1K	837.6K	-387	0.00	108.58	N/A	N/A	0	0	64	214
2021-09-30	$48.83	$65.00	17.8%	5.1%	17.9%	34.6%	0.0%	5.4%	-0.7%	3.1K	836.7K	-391	0.00	110.85	N/A	N/A	0	0	64	214