EPP Options History — July 2022

In July 2022, EPP traded between $40.50 and $43.26. ATM implied volatility averaged 23.8%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 2.2% (HV 20d: 21.6%). Max pain ranged from $40.00 to $44.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 6.12.

Notable Days

2022-07-07: Highest Volume — 138 contracts
2022-07-11: Largest IV spike — 70.6% change
2022-07-12: Highest IV Rank — 78.7%
2022-07-12: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.70	$40.50	$43.26	$41.47	$43.26
Max Pain	$43.24	$40.00	$44.00	$40.00	$43.00
ATM IV	23.8%	16.8%	32.2%	26.7%	20.1%
Expected Move	6.7%	5.5%	7.8%	7.6%	5.8%
HV 20d	21.6%	16.5%	29.1%	28.0%	17.8%
HV 60d	25.0%	24.5%	25.5%	24.5%	25.0%
IV Rank	46.9%	20.6%	78.7%	57.8%	33.0%
IV Percentile	65.4%	25.4%	96.8%	85.7%	43.3%
Term Structure	-0.0%	-8.1%	10.8%	0.9%	1.4%
VWIV	22.3%	17.8%	32.9%	26.8%	17.8%
Skew 25d	6.5%	3.9%	10.7%	5.5%	4.3%
Skew 10d	10.8%	-0.2%	21.7%	1.4%	8.8%
Call IV 25d	21.5%	18.3%	26.7%	22.4%	18.5%
Put IV 25d	28.0%	22.8%	37.3%	27.8%	22.8%
Bid-Ask Spread %	98.41	84.31	112.15	110.34	100.88
Gamma HHI	0.36	0.29	0.49	0.39	0.40
Net GEX	-3.3K	-11.7K	4.5K	-7.6K	4.5K
Net DEX	47.8K	-5.8K	92.0K	83.5K	-5.3K
Net VEX	-571	-667	-404	-598	-454
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.12	2.50	22.40	22.40	2.50
Total Volume	111.35	91	138	117	91
Total OI	171.3	114	201	180	154

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
2022-07-01	$41.47	$40.00	26.7%	7.6%	28.0%	57.8%	26.8%	5.5%	0.9%	-7.6K	83.5K	-598	22.40	110.34	N/A	N/A	5	112	5	175
2022-07-05	$41.02	$0.00	26.7%	7.1%	28.0%	57.8%	0.0%	6.0%	-1.7%	-8.7K	92.0K	-612	22.40	94.74	N/A	N/A	5	112	5	175
2022-07-06	$41.16	$0.00	30.0%	7.6%	28.0%	70.3%	0.0%	6.1%	-2.1%	-9.0K	89.3K	-604	22.40	99.90	N/A	N/A	5	112	5	175
2022-07-07	$41.89	$0.00	24.1%	6.7%	29.1%	47.9%	21.6%	8.8%	-8.1%	-6.4K	68.7K	-545	4.31	98.70	N/A	N/A	26	112	5	175
2022-07-08	$41.85	$44.00	16.8%	6.1%	29.0%	20.6%	18.7%	4.6%	1.9%	-3.0K	39.3K	-620	4.31	84.31	N/A	N/A	26	112	26	175
2022-07-11	$40.78	$44.00	28.7%	7.2%	25.3%	65.4%	22.1%	4.7%	-1.4%	-7.2K	73.3K	-667	4.31	92.34	N/A	N/A	26	112	26	175
2022-07-12	$40.82	$44.00	32.2%	7.8%	24.4%	78.7%	24.7%	3.9%	-0.4%	-6.8K	59.1K	-582	4.31	93.01	N/A	N/A	26	112	26	175
2022-07-13	$40.94	$44.00	24.8%	7.1%	20.5%	50.6%	24.1%	10.7%	-1.7%	-7.5K	65.7K	-660	4.31	94.88	N/A	N/A	26	112	26	175
2022-07-14	$40.50	$44.00	26.4%	7.6%	20.7%	57.0%	22.9%	7.6%	10.8%	-11.7K	83.2K	-622	4.31	102.20	N/A	N/A	26	112	26	175
2022-07-15	$40.92	$44.00	22.0%	6.3%	20.1%	40.2%	22.8%	5.0%	1.5%	-7.3K	71.9K	-624	4.31	94.54	N/A	N/A	26	112	26	175
2022-07-18	$41.09	$44.00	22.6%	6.5%	18.6%	42.6%	19.4%	8.0%	0.2%	-3.2K	56.4K	-573	2.50	91.75	N/A	N/A	26	65	21	93
2022-07-19	$41.93	$43.00	22.3%	6.4%	19.6%	41.2%	21.3%	5.1%	0.3%	-640	43.5K	-663	2.50	93.61	N/A	N/A	26	65	26	128
2022-07-20	$41.91	$43.00	19.1%	5.5%	18.1%	29.3%	18.3%	9.4%	-2.4%	677	24.4K	-498	2.50	104.12	N/A	N/A	26	65	26	128
2022-07-21	$42.00	$43.00	23.0%	6.6%	17.6%	44.0%	22.2%	6.3%	-1.6%	-536	34.7K	-555	2.50	100.59	N/A	N/A	26	65	26	128
2022-07-22	$41.85	$43.00	23.7%	6.8%	17.7%	46.5%	22.0%	6.8%	1.0%	279	38.6K	-629	2.50	98.21	N/A	N/A	26	65	26	128
2022-07-25	$42.33	$43.00	22.3%	6.4%	16.5%	41.3%	21.3%	5.2%	2.1%	379	19.7K	-515	2.50	96.79	N/A	N/A	26	65	26	128
2022-07-26	$42.06	$43.00	24.1%	6.9%	16.6%	48.3%	21.2%	6.8%	-3.1%	341	25.2K	-537	2.50	104.51	N/A	N/A	26	65	26	128
2022-07-27	$43.01	$43.00	20.3%	5.8%	18.4%	33.6%	32.9%	10.5%	-0.2%	2.9K	-5.8K	-404	2.50	112.15	N/A	N/A	26	65	26	128
2022-07-28	$43.11	$43.00	19.8%	5.7%	18.4%	32.0%	20.5%	4.5%	2.6%	3.9K	-621	-464	2.50	100.58	N/A	N/A	26	65	26	128
2022-07-29	$43.26	$43.00	20.1%	5.8%	17.8%	33.0%	17.8%	4.3%	1.4%	4.5K	-5.3K	-454	2.50	100.88	N/A	N/A	26	65	26	128