EPP Options History — May 2023

In May 2023, EPP traded between $41.36 and $44.39. ATM implied volatility averaged 18.7%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 4.2% (HV 20d: 14.6%). Max pain ranged from $44.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2023-05-02: Highest Volume — 6 contracts
2023-05-17: Largest IV spike — 72.3% change
2023-05-26: Highest IV Rank — 36.0%
2023-05-26: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.23	$41.36	$44.39	$44.09	$41.36
Max Pain	$44.20	$44.00	$45.00	$45.00	$44.00
ATM IV	18.7%	12.6%	34.2%	14.6%	19.6%
Expected Move	5.7%	3.8%	9.8%	4.2%	5.6%
HV 20d	14.6%	11.5%	17.2%	12.2%	17.2%
HV 60d	14.2%	13.5%	15.0%	13.6%	15.0%
IV Rank	10.3%	0.1%	36.0%	3.4%	11.8%
IV Percentile	26.1%	0.4%	94.0%	1.2%	35.3%
Term Structure	0.8%	-4.2%	6.8%	1.9%	3.4%
VWIV	35.3%	12.4%	61.5%	12.4%	61.5%
Skew 25d	8.6%	-4.3%	57.2%	2.1%	10.7%
Skew 10d	10.4%	-8.5%	50.2%	-4.7%	16.3%
Call IV 25d	14.5%	10.9%	20.5%	13.0%	14.7%
Put IV 25d	23.1%	15.1%	70.0%	15.1%	25.3%
Bid-Ask Spread %	121.19	97.53	134.09	97.53	126.71
Gamma HHI	0.39	0.26	0.61	0.61	0.28
Net GEX	6.5K	1.7K	14.2K	11.9K	2.2K
Net DEX	-53.5K	-95.0K	-15.2K	-81.2K	-15.2K
Net VEX	-336	-439	-280	-411	-327
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.864	0	6	1	1
Total OI	85.909	74	90	89	81

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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-05-01	$44.09	$45.00	14.6%	4.2%	12.2%	3.4%	0.0%	2.1%	1.9%	11.9K	-81.2K	-411	97.53	N/A	N/A	1	0	48	41
2023-05-02	$43.58	$45.00	15.1%	4.3%	11.6%	4.2%	0.0%	3.4%	2.0%	8.1K	-77.6K	-386	117.12	N/A	N/A	0	6	49	41
2023-05-03	$43.39	$45.00	18.4%	5.3%	11.5%	9.8%	0.0%	57.2%	-0.6%	7.2K	-70.9K	-439	128.51	N/A	N/A	0	0	49	41
2023-05-04	$43.48	$0.00	15.5%	8.7%	11.6%	4.9%	0.0%	4.1%	2.4%	7.8K	-64.1K	-387	131.97	N/A	N/A	0	0	49	41
2023-05-05	$44.34	$0.00	19.8%	6.8%	13.6%	12.1%	0.0%	9.7%	0.5%	11.1K	-93.6K	-364	126.61	N/A	N/A	0	0	49	41
2023-05-08	$44.39	$0.00	12.6%	5.2%	13.5%	0.1%	0.0%	6.6%	2.6%	12.9K	-95.0K	-377	118.85	N/A	N/A	2	0	49	41
2023-05-09	$44.03	$0.00	14.5%	4.8%	13.6%	3.3%	0.0%	7.2%	1.0%	12.2K	-65.6K	-341	121.99	N/A	N/A	0	0	47	41
2023-05-10	$44.14	$0.00	17.1%	4.9%	13.7%	7.6%	0.0%	9.1%	6.8%	14.2K	-70.6K	-351	123.73	N/A	N/A	0	0	47	41
2023-05-11	$43.69	$0.00	17.4%	5.0%	13.1%	8.1%	0.0%	8.8%	2.5%	7.5K	-55.7K	-330	114.28	N/A	N/A	0	0	47	41
2023-05-12	$43.31	$0.00	18.2%	5.2%	13.0%	9.4%	12.4%	7.5%	-4.2%	4.3K	-45.8K	-319	118.39	N/A	N/A	1	0	47	41
2023-05-15	$44.03	$44.00	16.6%	4.8%	14.5%	6.8%	0.0%	5.6%	-2.0%	10.3K	-62.3K	-314	115.18	N/A	N/A	0	0	48	41
2023-05-16	$43.19	$44.00	16.8%	4.8%	15.9%	7.1%	0.0%	6.6%	-3.3%	5.0K	-48.0K	-297	123.57	N/A	N/A	2	0	48	41
2023-05-17	$43.22	$44.00	28.9%	8.3%	15.9%	27.3%	32.0%	-4.3%	2.9%	4.5K	-50.2K	-280	122.07	N/A	N/A	0	1	48	41
2023-05-18	$43.03	$44.00	26.8%	7.7%	15.9%	23.7%	0.0%	1.7%	-1.2%	3.8K	-40.2K	-287	134.09	N/A	N/A	0	0	48	42
2023-05-19	$43.32	$44.00	14.3%	4.1%	16.1%	2.9%	0.0%	4.2%	0.5%	5.2K	-42.9K	-287	133.96	N/A	N/A	0	0	48	42
2023-05-22	$43.41	$44.00	13.2%	3.8%	16.1%	1.1%	0.0%	8.8%	4.7%	3.2K	-41.5K	-285	119.97	N/A	N/A	5	0	32	42
2023-05-23	$42.89	$44.00	16.7%	4.8%	15.5%	6.9%	0.0%	9.4%	-2.6%	3.6K	-44.7K	-357	122.38	N/A	N/A	0	0	37	42
2023-05-24	$42.20	$44.00	19.4%	5.6%	16.4%	11.4%	0.0%	2.8%	-1.3%	2.4K	-31.0K	-322	113.13	N/A	N/A	0	0	37	42
2023-05-25	$41.78	$44.00	20.2%	5.8%	15.8%	12.8%	0.0%	6.2%	-2.1%	1.7K	-26.3K	-316	111.71	N/A	N/A	0	0	37	42
2023-05-26	$42.36	$44.00	34.2%	9.8%	16.8%	36.0%	0.0%	13.6%	3.7%	2.0K	-34.0K	-314	122.67	N/A	N/A	0	0	37	42
2023-05-30	$41.86	$44.00	22.5%	6.4%	17.1%	16.5%	0.0%	8.4%	-1.1%	2.2K	-21.5K	-311	121.77	N/A	N/A	0	0	37	44
2023-05-31	$41.36	$44.00	19.6%	5.6%	17.2%	11.8%	61.5%	10.7%	3.4%	2.2K	-15.2K	-327	126.71	N/A	N/A	0	1	37	44