EPP Options History — February 2022

In February 2022, EPP traded between $45.92 and $48.19. ATM implied volatility averaged 23.2%, placing in the 58.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 6.3% (HV 20d: 16.9%). Max pain ranged from $47.00 to $54.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 9.42.

Notable Days

2022-02-25: Highest Volume — 126 contracts
2022-02-11: Largest IV spike — 71.7% change
2022-02-28: Highest IV Rank — 96.0%
2022-02-28: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.01	$45.92	$48.19	$46.01	$46.59
Max Pain	$52.50	$47.00	$54.00	$52.00	$48.00
ATM IV	23.2%	13.3%	30.6%	22.3%	30.6%
Expected Move	6.5%	3.8%	8.8%	6.4%	8.8%
HV 20d	16.9%	15.6%	17.8%	17.5%	15.6%
HV 60d	17.3%	16.7%	17.9%	16.9%	16.9%
IV Rank	58.8%	9.5%	96.0%	54.3%	96.0%
IV Percentile	81.4%	2.8%	99.6%	84.1%	99.6%
Term Structure	-2.3%	-13.9%	2.3%	-1.7%	-13.9%
VWIV	25.0%	17.8%	33.2%	23.5%	33.2%
Skew 25d	7.2%	0.6%	16.1%	12.3%	2.1%
Skew 10d	12.2%	5.0%	21.2%	13.6%	6.6%
Call IV 25d	20.3%	15.0%	30.8%	16.5%	30.8%
Put IV 25d	27.5%	20.0%	46.0%	28.8%	32.9%
Bid-Ask Spread %	109.25	92.66	129.08	115.72	124.99
Gamma HHI	0.41	0.26	0.57	0.40	0.36
Net GEX	3.5K	-6.9K	13.3K	-5.4K	1.1K
Net DEX	29.6K	-48.4K	89.6K	80.6K	46.1K
Net VEX	-347	-642	-139	-170	-285
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	9.42	1.00	16.33	8.67	3.34
Total Volume	96.263	29	126	29	126
Total OI	137.684	64	167	64	162

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
2022-02-01	$46.01	$52.00	22.3%	6.4%	17.5%	54.3%	23.5%	12.3%	-1.7%	-5.4K	80.6K	-170	8.67	115.72	N/A	N/A	3	26	2	62
2022-02-02	$46.26	$47.00	22.5%	6.4%	17.0%	55.5%	18.9%	10.3%	-1.0%	4.5K	49.8K	-319	1.00	112.56	N/A	N/A	26	26	25	62
2022-02-03	$45.92	$0.00	29.8%	7.6%	16.5%	92.1%	0.0%	5.7%	-1.2%	2.2K	53.1K	-330	1.00	121.31	N/A	N/A	26	26	25	62
2022-02-04	$46.25	$0.00	21.1%	5.9%	16.6%	48.7%	0.0%	9.8%	0.7%	5.0K	53.3K	-290	1.00	98.07	N/A	N/A	26	26	25	62
2022-02-07	$46.56	$0.00	19.7%	4.0%	16.6%	41.5%	0.0%	7.6%	1.6%	5.6K	41.5K	-301	16.33	92.66	N/A	N/A	6	98	25	62
2022-02-08	$47.26	$0.00	19.7%	5.5%	17.4%	41.3%	0.0%	0.6%	0.6%	10.2K	6.6K	-286	16.33	93.19	N/A	N/A	6	98	28	134
2022-02-09	$47.94	$0.00	20.2%	5.8%	17.8%	43.8%	0.0%	4.3%	-2.3%	5.6K	-23.9K	-278	9.80	103.31	N/A	N/A	10	98	28	134
2022-02-10	$47.54	$0.00	13.3%	3.8%	17.4%	9.5%	0.0%	7.2%	-1.4%	5.0K	-8.3K	-602	9.80	109.48	N/A	N/A	10	98	32	134
2022-02-11	$47.13	$0.00	22.8%	6.5%	17.6%	56.9%	0.0%	7.7%	-1.1%	6.8K	17.0K	-642	9.80	107.12	N/A	N/A	10	98	32	134
2022-02-14	$47.03	$0.00	22.1%	6.3%	17.6%	53.3%	0.0%	3.8%	0.0%	9.2K	12.7K	-432	9.80	97.68	N/A	N/A	10	98	32	134
2022-02-15	$47.61	$0.00	20.1%	5.8%	17.2%	43.7%	17.8%	3.6%	2.3%	13.3K	-18.0K	-274	10.00	102.25	N/A	N/A	10	100	32	134
2022-02-16	$48.19	$54.00	20.8%	6.0%	17.4%	47.3%	23.0%	5.5%	-2.5%	11.9K	-48.4K	-221	10.10	109.89	N/A	N/A	10	101	32	134
2022-02-17	$47.86	$54.00	25.7%	7.4%	17.6%	71.4%	23.3%	6.2%	-7.4%	5.9K	-19.0K	-480	10.10	112.24	N/A	N/A	10	101	32	135
2022-02-18	$47.55	$54.00	24.8%	7.1%	16.6%	67.1%	24.5%	5.9%	1.2%	6.6K	-10.2K	-379	10.10	114.45	N/A	N/A	10	101	32	135
2022-02-22	$47.36	$54.00	28.8%	8.3%	15.8%	87.0%	30.9%	16.1%	-6.9%	-6.9K	88.4K	-529	16.17	111.69	N/A	N/A	6	97	5	133
2022-02-23	$46.85	$54.00	24.8%	7.1%	16.4%	67.0%	28.3%	4.1%	-3.1%	-6.0K	89.6K	-471	16.17	109.32	N/A	N/A	6	97	5	133
2022-02-24	$46.39	$54.00	27.6%	7.9%	16.0%	81.0%	31.1%	16.0%	-5.3%	-4.1K	70.4K	-139	16.17	129.08	N/A	N/A	6	97	5	134
2022-02-25	$46.94	$54.00	23.5%	6.7%	15.7%	60.4%	20.7%	7.9%	-2.7%	-4.6K	81.2K	-165	3.34	110.64	N/A	N/A	29	97	5	134
2022-02-28	$46.59	$48.00	30.6%	8.8%	15.6%	96.0%	33.2%	2.1%	-13.9%	1.1K	46.1K	-285	3.34	124.99	N/A	N/A	29	97	28	134