EPP Options History — March 2022

In March 2022, EPP traded between $45.04 and $49.92. ATM implied volatility averaged 26.1%, placing in the 60.3% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 6.0% (HV 20d: 20.1%). Max pain ranged from $40.00 to $48.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 3.40.

Notable Days

2022-03-30: Highest Volume — 228 contracts
2022-03-29: Largest IV drop — 41.7% change
2022-03-01: Highest IV Rank — 100.0%
2022-03-08: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.47	$45.04	$49.92	$45.87	$49.39
Max Pain	$46.08	$40.00	$48.00	$48.00	$47.00
ATM IV	26.1%	13.1%	37.1%	32.2%	19.6%
Expected Move	7.7%	4.2%	13.5%	9.2%	5.2%
HV 20d	20.1%	16.2%	23.4%	16.2%	21.1%
HV 60d	17.6%	16.1%	18.6%	17.0%	18.6%
IV Rank	60.3%	6.9%	100.0%	100.0%	32.0%
IV Percentile	80.8%	2.8%	100.0%	100.0%	64.7%
Term Structure	-1.6%	-9.1%	5.9%	-8.2%	1.1%
VWIV	26.9%	17.4%	35.1%	20.4%	21.9%
Skew 25d	6.8%	-4.2%	19.5%	10.9%	2.8%
Skew 10d	13.6%	2.9%	37.4%	7.6%	11.2%
Call IV 25d	21.5%	12.5%	33.7%	20.4%	18.8%
Put IV 25d	28.3%	17.1%	43.3%	31.4%	21.5%
Bid-Ask Spread %	104.99	76.61	126.65	115.10	76.61
Gamma HHI	0.32	0.19	0.50	0.29	0.19
Net GEX	1.4K	-5.8K	10.9K	-1.4K	-5.5K
Net DEX	35.3K	-54.5K	111.2K	83.8K	61.2K
Net VEX	-420	-830	-210	-597	-830
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.40	3.06	4.43	3.34	4.43
Total Volume	143.913	126	228	126	228
Total OI	173.783	151	274	162	274

Daily Data (23 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
2022-03-01	$45.87	$48.00	32.2%	9.2%	16.2%	100.0%	20.4%	10.9%	-8.2%	-1.4K	83.8K	-597	3.34	115.10	N/A	N/A	29	97	28	134
2022-03-02	$46.74	$48.00	29.5%	8.5%	16.9%	86.9%	24.5%	0.8%	-1.6%	1.8K	37.3K	-274	3.34	110.89	N/A	N/A	29	97	28	133
2022-03-03	$46.30	$48.00	28.9%	8.3%	17.2%	84.2%	28.2%	-4.2%	-0.7%	-610	46.1K	-450	3.34	114.68	N/A	N/A	29	97	28	133
2022-03-04	$46.41	$48.00	31.7%	9.1%	17.0%	97.6%	30.3%	5.4%	-6.1%	-421	62.9K	-472	3.34	115.49	N/A	N/A	29	97	28	133
2022-03-07	$45.57	$48.00	37.1%	10.6%	18.0%	100.0%	29.1%	4.1%	-3.9%	-963	85.9K	-597	3.34	126.65	N/A	N/A	29	97	28	133
2022-03-08	$45.04	$48.00	33.2%	13.5%	18.2%	84.7%	30.0%	18.7%	-9.1%	-2.1K	81.2K	-551	3.69	119.83	N/A	N/A	29	107	28	133
2022-03-09	$45.87	$48.00	25.8%	8.1%	18.6%	56.1%	17.4%	12.2%	-1.2%	-2.5K	107.0K	-608	3.69	108.82	N/A	N/A	29	107	28	143
2022-03-10	$46.08	$48.00	26.4%	9.4%	17.8%	58.2%	28.0%	9.8%	-6.5%	-1.1K	77.6K	-355	3.69	116.41	N/A	N/A	29	107	28	143
2022-03-11	$45.76	$48.00	28.2%	10.1%	17.8%	65.4%	29.8%	5.6%	-3.1%	-1.2K	100.0K	-615	3.06	118.14	N/A	N/A	35	107	28	143
2022-03-14	$45.25	$40.00	35.9%	7.9%	17.9%	95.0%	33.7%	13.0%	-6.5%	-1.4K	110.6K	-687	3.06	99.50	N/A	N/A	35	107	34	143
2022-03-15	$45.48	$40.00	31.7%	8.6%	18.1%	78.9%	35.1%	19.5%	-2.4%	-2.8K	111.2K	-581	3.06	85.87	N/A	N/A	35	107	34	143
2022-03-16	$47.25	$40.00	29.3%	7.2%	22.5%	69.4%	25.8%	4.3%	-5.1%	5.7K	25.8K	-274	3.17	95.23	N/A	N/A	35	111	34	143
2022-03-17	$47.94	$0.00	26.7%	9.1%	22.7%	59.4%	0.0%	4.4%	5.9%	10.9K	-254	-268	3.17	125.61	N/A	N/A	35	111	34	148
2022-03-18	$48.72	$0.00	30.2%	6.6%	23.3%	73.1%	0.0%	7.1%	-7.4%	8.6K	-39.9K	-220	3.17	108.80	N/A	N/A	35	111	34	148
2022-03-21	$48.47	$0.00	25.2%	7.9%	23.3%	53.8%	0.0%	5.7%	5.7%	-5.8K	41.7K	-367	3.25	94.38	N/A	N/A	32	104	11	140
2022-03-22	$48.98	$0.00	21.2%	6.5%	23.4%	38.3%	0.0%	11.9%	4.6%	3.3K	-8.6K	-297	3.25	95.46	N/A	N/A	32	104	31	140
2022-03-23	$48.92	$0.00	18.6%	5.1%	23.0%	28.2%	0.0%	4.0%	-1.0%	2.0K	493	-389	3.25	100.08	N/A	N/A	32	104	31	140
2022-03-24	$49.44	$0.00	22.1%	6.3%	22.7%	41.8%	0.0%	0.8%	2.4%	4.7K	-29.5K	-210	3.25	100.26	N/A	N/A	32	104	31	140
2022-03-25	$49.38	$0.00	16.0%	5.0%	22.5%	17.8%	0.0%	7.6%	1.6%	5.1K	-28.0K	-237	3.25	99.67	N/A	N/A	32	104	31	140
2022-03-28	$49.16	$0.00	22.6%	6.1%	22.4%	43.4%	0.0%	4.1%	0.8%	1.9K	-9.5K	-343	3.25	105.06	N/A	N/A	32	104	31	140
2022-03-29	$49.90	$0.00	13.1%	4.2%	21.7%	6.9%	0.0%	1.5%	0.4%	6.4K	-51.5K	-211	3.25	105.06	N/A	N/A	32	104	31	140
2022-03-30	$49.92	$0.00	15.3%	5.0%	21.0%	15.3%	22.6%	5.3%	3.5%	6.6K	-54.5K	-230	4.43	77.16	N/A	N/A	42	186	31	140
2022-03-31	$49.39	$47.00	19.6%	5.2%	21.1%	32.0%	21.9%	2.8%	1.1%	-5.5K	61.2K	-830	4.43	76.61	N/A	N/A	42	186	41	233