EPP Options History — April 2022

In April 2022, EPP traded between $45.58 and $50.21. ATM implied volatility averaged 22.9%, placing in the 44.1% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 6.1% (HV 20d: 16.9%). Max pain ranged from $47.00 to $47.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 4.78.

Notable Days

2022-04-01: Highest Volume — 228 contracts
2022-04-12: Largest IV spike — 56.5% change
2022-04-12: Highest IV Rank — 100.0%
2022-04-25: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.27	$45.58	$50.21	$49.60	$46.07
Max Pain	$47.00	$47.00	$47.00	$47.00	$47.00
ATM IV	22.9%	15.4%	37.8%	15.4%	25.1%
Expected Move	6.2%	4.8%	7.8%	4.8%	7.2%
HV 20d	16.9%	12.7%	21.1%	21.1%	17.3%
HV 60d	18.3%	17.6%	18.9%	18.3%	18.8%
IV Rank	44.1%	15.5%	100.0%	15.5%	51.7%
IV Percentile	73.7%	22.6%	100.0%	22.6%	86.5%
Term Structure	-0.4%	-6.0%	8.5%	0.9%	-1.6%
VWIV	19.9%	12.5%	27.5%	20.4%	21.9%
Skew 25d	5.7%	0.8%	11.5%	5.7%	0.8%
Skew 10d	11.0%	3.2%	23.0%	13.5%	3.7%
Call IV 25d	18.9%	14.3%	25.6%	18.0%	24.6%
Put IV 25d	24.6%	19.6%	33.0%	23.7%	25.4%
Bid-Ask Spread %	101.85	84.94	113.56	89.27	110.27
Gamma HHI	0.28	0.17	0.47	0.19	0.34
Net GEX	-8.6K	-15.0K	-707	-5.6K	-12.8K
Net DEX	74.3K	-29.9K	148.0K	31.5K	148.0K
Net VEX	-607	-848	-371	-658	-838
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.78	3.03	12.45	4.43	3.03
Total Volume	171.95	0	228	228	125
Total OI	241.8	188	276	274	218

Daily Data (20 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
2022-04-01	$49.60	$47.00	15.4%	4.8%	21.1%	15.5%	20.4%	5.7%	0.9%	-5.6K	31.5K	-658	4.43	89.27	N/A	N/A	42	186	41	233
2022-04-04	$50.21	$47.00	20.8%	5.2%	19.7%	36.6%	21.4%	8.0%	2.0%	-707	-29.9K	-382	4.43	85.76	N/A	N/A	42	186	41	233
2022-04-05	$49.81	$47.00	21.8%	5.5%	19.3%	40.6%	21.2%	6.2%	1.7%	-5.6K	29.7K	-848	4.43	101.50	N/A	N/A	42	186	41	233
2022-04-06	$49.47	$47.00	29.8%	6.7%	19.1%	71.7%	25.7%	11.5%	-0.4%	-5.9K	39.2K	-757	4.43	101.17	N/A	N/A	42	186	41	233
2022-04-07	$49.38	$47.00	23.1%	6.3%	19.2%	45.4%	22.5%	5.5%	-0.7%	-6.1K	57.1K	-668	4.43	93.82	N/A	N/A	42	186	41	233
2022-04-08	$49.43	$47.00	19.8%	7.0%	18.8%	32.8%	25.5%	2.9%	-3.9%	-6.2K	34.2K	-371	4.43	108.78	N/A	N/A	42	186	41	233
2022-04-11	$48.71	$47.00	24.2%	6.0%	19.2%	49.7%	20.8%	2.9%	-0.4%	-11.4K	119.5K	-742	3.76	99.04	N/A	N/A	42	158	41	233
2022-04-12	$48.65	$47.00	37.8%	5.7%	19.3%	100.0%	18.5%	3.1%	2.3%	-10.8K	103.4K	-676	3.76	103.35	N/A	N/A	42	158	41	235
2022-04-13	$49.00	$47.00	19.7%	5.6%	14.4%	31.5%	14.2%	2.9%	0.5%	-15.0K	100.3K	-469	4.00	105.54	N/A	N/A	42	168	41	235
2022-04-14	$48.83	$47.00	18.5%	5.3%	13.7%	27.1%	12.5%	3.0%	8.5%	-12.8K	106.2K	-522	3.86	101.09	N/A	N/A	42	162	41	235
2022-04-18	$48.42	$47.00	19.8%	5.7%	12.8%	31.8%	15.0%	3.6%	0.0%	-9.3K	63.5K	-460	12.45	104.40	N/A	N/A	11	137	11	177
2022-04-19	$48.84	$47.00	17.5%	5.0%	13.1%	23.0%	16.0%	5.6%	0.7%	-9.6K	57.5K	-416	12.45	84.94	N/A	N/A	11	137	11	177
2022-04-20	$49.14	$47.00	18.9%	5.4%	12.7%	28.4%	17.3%	6.9%	-2.9%	-987	18.4K	-571	4.42	100.50	N/A	N/A	31	137	31	177
2022-04-21	$48.28	$47.00	24.3%	7.0%	14.2%	49.1%	21.8%	8.2%	-5.1%	-1.6K	16.3K	-432	4.42	110.66	N/A	N/A	31	137	31	177
2022-04-22	$47.13	$47.00	20.6%	5.9%	15.8%	34.9%	19.1%	4.7%	4.5%	-8.1K	94.5K	-738	3.03	104.89	N/A	N/A	31	94	31	177
2022-04-25	$46.41	$47.00	27.2%	7.8%	16.5%	60.0%	27.5%	7.4%	-3.4%	-10.9K	114.4K	-650	3.03	102.69	N/A	N/A	31	94	31	187
2022-04-26	$45.58	$47.00	26.3%	7.5%	17.3%	56.4%	16.6%	11.5%	-6.0%	-12.2K	141.4K	-838	3.03	108.47	N/A	N/A	31	94	31	187
2022-04-27	$45.94	$47.00	23.2%	6.7%	16.4%	44.7%	0.0%	4.5%	0.1%	-13.1K	131.8K	-639	0.00	113.56	N/A	N/A	0	0	31	187
2022-04-28	$46.49	$47.00	25.0%	7.2%	17.3%	51.6%	20.5%	9.9%	-4.1%	-13.5K	109.2K	-464	3.03	107.20	N/A	N/A	31	94	31	187
2022-04-29	$46.07	$47.00	25.1%	7.2%	17.3%	51.7%	21.9%	0.8%	-1.6%	-12.8K	148.0K	-838	3.03	110.27	N/A	N/A	31	94	31	187