EPP Options History — December 2021

In December 2021, EPP traded between $46.44 and $49.14. ATM implied volatility averaged 21.3%, placing in the 52.3% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 2.2% (HV 20d: 19.1%). Max pain ranged from $47.00 to $53.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.01.

Notable Days

2021-12-13: Highest Volume — 105 contracts
2021-12-13: Largest IV spike — 154.8% change
2021-12-03: Highest IV Rank — 100.0%
2021-12-03: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.79	$46.44	$49.14	$47.60	$47.89
Max Pain	$49.09	$47.00	$53.00	$53.00	$49.00
ATM IV	21.3%	11.4%	31.4%	23.4%	15.8%
Expected Move	5.7%	3.7%	8.5%	6.7%	4.5%
HV 20d	19.1%	14.6%	22.5%	14.6%	18.6%
HV 60d	15.7%	15.0%	17.3%	15.0%	15.2%
IV Rank	52.3%	0.0%	100.0%	71.8%	21.9%
IV Percentile	72.6%	0.0%	100.0%	95.2%	26.6%
Term Structure	-0.2%	-6.8%	6.1%	-5.6%	1.1%
VWIV	18.3%	12.7%	29.2%	28.4%	14.9%
Skew 25d	5.6%	-5.6%	17.9%	4.0%	6.6%
Skew 10d	13.7%	1.2%	28.2%	12.0%	17.5%
Call IV 25d	20.2%	12.3%	58.6%	24.6%	13.7%
Put IV 25d	25.7%	14.4%	76.4%	28.6%	20.3%
Bid-Ask Spread %	91.28	73.15	111.35	98.26	85.24
Gamma HHI	0.28	0.19	0.50	0.24	0.30
Net GEX	1.8K	-4.7K	10.4K	343	4.3K
Net DEX	72.3K	31.0K	120.4K	78.3K	62.5K
Net VEX	-449	-546	-279	-476	-450
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.01	0.91	1.39	0.91	0.98
Total Volume	90.455	84	105	84	93
Total OI	109.091	91	122	93	122

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-12-01	$47.60	$53.00	23.4%	6.7%	14.6%	71.8%	28.4%	4.0%	-5.6%	343	78.3K	-476	0.91	98.26	N/A	N/A	44	40	43	50
2021-12-02	$48.05	$53.00	22.5%	6.4%	15.1%	66.1%	22.4%	6.6%	-5.6%	856	66.7K	-468	0.91	97.30	N/A	N/A	44	40	43	50
2021-12-03	$47.38	$53.00	29.5%	8.5%	15.6%	100.0%	29.2%	-5.6%	-4.2%	-142	88.9K	-464	0.91	91.69	N/A	N/A	44	40	43	50
2021-12-06	$48.14	$47.00	21.1%	4.9%	16.7%	53.9%	12.7%	11.9%	6.1%	2.0K	61.5K	-468	0.91	90.48	N/A	N/A	44	40	43	50
2021-12-07	$48.77	$47.00	18.0%	3.8%	17.5%	36.7%	13.8%	2.8%	4.0%	6.5K	48.1K	-392	0.91	77.06	N/A	N/A	44	40	43	50
2021-12-08	$49.14	$47.00	16.1%	3.7%	17.8%	26.1%	12.9%	2.0%	4.7%	10.4K	31.0K	-377	0.91	81.56	N/A	N/A	44	40	43	50
2021-12-09	$48.94	$47.00	18.3%	4.1%	17.5%	38.3%	14.2%	4.5%	4.5%	5.6K	42.1K	-405	0.91	81.25	N/A	N/A	44	40	43	50
2021-12-10	$48.92	$47.00	11.4%	3.8%	17.5%	0.0%	14.5%	3.4%	3.2%	9.9K	42.4K	-350	0.91	80.84	N/A	N/A	44	40	43	50
2021-12-13	$47.17	$49.00	28.9%	6.2%	21.3%	97.0%	18.2%	9.2%	-6.8%	1.7K	90.6K	-436	1.39	76.53	N/A	N/A	44	61	41	50
2021-12-14	$46.86	$49.00	31.4%	6.3%	21.1%	100.0%	18.5%	9.0%	-0.3%	115	110.8K	-464	1.14	73.15	N/A	N/A	44	50	41	71
2021-12-15	$47.13	$49.00	20.9%	6.0%	21.4%	47.5%	20.8%	8.1%	3.6%	-891	97.9K	-444	1.14	111.35	N/A	N/A	44	50	41	81
2021-12-16	$47.08	$49.00	22.3%	6.4%	21.0%	54.5%	20.2%	7.3%	1.7%	-385	110.5K	-546	1.14	99.80	N/A	N/A	44	50	41	81
2021-12-17	$46.66	$49.00	21.1%	6.0%	21.1%	48.4%	18.6%	9.0%	-0.1%	-826	120.4K	-533	1.25	96.43	N/A	N/A	44	55	41	81
2021-12-20	$46.44	$49.00	24.3%	7.0%	21.1%	64.5%	18.0%	6.9%	-1.4%	-3.2K	109.0K	-520	1.05	93.72	N/A	N/A	44	46	41	77
2021-12-21	$47.04	$49.00	20.7%	5.9%	21.8%	46.7%	17.1%	6.3%	0.8%	-1.6K	87.8K	-509	1.02	96.26	N/A	N/A	45	46	41	77
2021-12-22	$47.55	$49.00	18.0%	5.1%	22.2%	32.9%	16.8%	5.6%	1.4%	-108	68.3K	-502	0.98	90.18	N/A	N/A	47	46	42	77
2021-12-23	$47.88	$49.00	17.6%	5.0%	22.5%	31.1%	13.9%	8.5%	0.6%	1.0K	65.4K	-433	0.98	105.84	N/A	N/A	47	46	45	77
2021-12-27	$48.15	$49.00	23.9%	6.9%	19.4%	62.5%	20.4%	-1.9%	-3.2%	1.8K	57.5K	-472	0.98	75.08	N/A	N/A	47	46	45	77
2021-12-28	$48.21	$49.00	24.3%	7.0%	19.3%	64.3%	21.3%	17.9%	-4.6%	-4.7K	69.2K	-279	0.98	97.43	N/A	N/A	47	46	45	77
2021-12-29	$48.29	$49.00	24.5%	7.0%	18.8%	65.3%	21.5%	-5.1%	-5.7%	1.9K	37.9K	-394	0.98	101.42	N/A	N/A	47	46	45	77
2021-12-30	$48.03	$49.00	15.6%	4.5%	18.9%	21.0%	14.2%	5.5%	1.6%	4.7K	44.9K	-494	0.98	107.30	N/A	N/A	47	46	45	77
2021-12-31	$47.89	$49.00	15.8%	4.5%	18.6%	21.9%	14.9%	6.6%	1.1%	4.3K	62.5K	-450	0.98	85.24	N/A	N/A	47	46	45	77