EPP Options History — November 2023

In November 2023, EPP traded between $38.94 and $41.25. ATM implied volatility averaged 14.2%, placing in the 5.0% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 3.8% (HV 20d: 18.0%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.28.

Notable Days

2023-11-09: Highest Volume — 102 contracts
2023-11-20: Largest IV spike — 18.0% change
2023-11-20: Highest IV Rank — 7.6%
2023-11-06: Largest Expected Move — 4.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.43	$38.94	$41.25	$38.94	$40.72
Max Pain	$40.93	$40.00	$41.00	$40.00	$41.00
ATM IV	14.2%	11.5%	15.8%	15.6%	14.3%
Expected Move	4.1%	3.3%	4.6%	4.5%	4.1%
HV 20d	18.0%	16.0%	19.9%	18.3%	16.0%
HV 60d	17.2%	16.5%	17.8%	16.5%	16.8%
IV Rank	5.0%	0.6%	7.6%	7.3%	5.2%
IV Percentile	19.4%	1.6%	38.9%	32.9%	23.4%
Term Structure	0.2%	-2.0%	1.5%	0.6%	1.2%
VWIV	13.6%	12.3%	14.3%	14.3%	14.3%
Skew 25d	2.3%	-0.3%	4.2%	2.1%	2.2%
Skew 10d	2.0%	-7.0%	11.7%	1.8%	-5.5%
Call IV 25d	13.2%	11.2%	15.2%	14.4%	11.2%
Put IV 25d	15.5%	13.4%	17.1%	16.6%	13.4%
Bid-Ask Spread %	90.81	67.66	112.58	80.01	110.43
Gamma HHI	0.42	0.21	0.84	0.31	0.21
Net GEX	15.4K	6.2K	68.1K	7.3K	6.8K
Net DEX	-27.2K	-97.9K	98.5K	-5.0K	5.5K
Net VEX	-543	-775	-293	-331	-516
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.28	0.00	1.13	0.00	0.00
Total Volume	5.19	0	102	1	0
Total OI	146.381	93	189	94	161

Daily Data (21 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
2023-11-01	$38.94	$40.00	15.6%	4.5%	18.3%	7.3%	14.3%	2.1%	0.6%	7.3K	-5.0K	-331	0.00	80.01	N/A	N/A	1	0	72	22
2023-11-02	$39.73	$0.00	14.3%	4.1%	19.3%	5.2%	0.0%	4.2%	1.5%	11.9K	-26.7K	-362	0.00	92.59	N/A	N/A	0	0	71	22
2023-11-03	$40.45	$0.00	14.5%	4.5%	19.5%	5.5%	0.0%	2.9%	0.6%	18.7K	-57.4K	-395	0.00	92.97	N/A	N/A	0	0	71	22
2023-11-06	$40.38	$0.00	15.3%	4.6%	19.5%	6.9%	0.0%	2.9%	-0.0%	18.1K	-52.8K	-385	0.00	90.57	N/A	N/A	0	0	71	22
2023-11-07	$39.98	$0.00	15.0%	4.3%	19.1%	6.3%	0.0%	3.6%	0.7%	14.4K	-31.7K	-342	0.00	94.21	N/A	N/A	0	0	71	22
2023-11-08	$39.84	$0.00	14.6%	4.2%	19.2%	5.6%	0.0%	2.5%	1.1%	12.5K	-24.8K	-329	0.00	93.22	N/A	N/A	0	0	71	22
2023-11-09	$39.55	$0.00	14.9%	4.3%	18.3%	6.2%	12.3%	2.6%	0.1%	8.2K	-12.4K	-293	1.13	100.05	N/A	N/A	48	54	71	22
2023-11-10	$39.55	$41.00	14.1%	4.1%	18.1%	4.9%	0.0%	2.9%	0.1%	7.1K	98.5K	-642	0.00	78.62	N/A	N/A	0	0	119	70
2023-11-13	$39.80	$41.00	14.4%	4.1%	17.7%	5.3%	0.0%	3.2%	0.7%	9.1K	71.0K	-658	0.00	81.57	N/A	N/A	0	0	119	70
2023-11-14	$40.84	$41.00	14.3%	4.1%	19.9%	5.1%	0.0%	1.5%	0.8%	31.4K	-78.0K	-775	0.00	83.13	N/A	N/A	0	0	119	70
2023-11-15	$40.92	$41.00	13.6%	3.9%	18.8%	4.1%	0.0%	3.6%	0.1%	36.7K	-97.9K	-742	0.00	67.66	N/A	N/A	0	0	119	70
2023-11-16	$40.53	$41.00	11.5%	3.3%	18.5%	0.6%	13.5%	1.4%	-0.0%	25.4K	-9.8K	-697	0.00	95.91	N/A	N/A	4	0	119	70
2023-11-17	$40.86	$41.00	13.4%	3.8%	17.8%	3.6%	0.0%	2.6%	0.3%	68.1K	-58.9K	-710	0.00	89.73	N/A	N/A	0	0	118	70
2023-11-20	$41.25	$41.00	15.8%	4.5%	17.9%	7.6%	0.0%	3.6%	-0.8%	6.8K	-69.6K	-684	0.00	91.15	N/A	N/A	0	0	94	68
2023-11-21	$41.00	$41.00	13.9%	4.0%	17.9%	4.4%	14.3%	-0.3%	0.4%	6.2K	-46.6K	-666	0.00	80.05	N/A	N/A	2	0	93	68
2023-11-22	$40.95	$41.00	13.3%	3.8%	16.8%	3.5%	0.0%	1.9%	-0.3%	6.5K	-37.0K	-617	0.00	88.22	N/A	N/A	0	0	93	68
2023-11-24	$41.11	$41.00	13.5%	3.9%	16.5%	3.7%	0.0%	2.9%	1.1%	6.8K	-55.1K	-615	0.00	94.27	N/A	N/A	0	0	93	68
2023-11-27	$40.83	$41.00	15.4%	4.4%	16.8%	7.0%	0.0%	1.5%	-2.0%	6.6K	-17.1K	-563	0.00	93.13	N/A	N/A	0	0	93	68
2023-11-28	$41.05	$41.00	13.3%	3.8%	16.3%	3.4%	0.0%	0.1%	-0.7%	6.9K	-49.2K	-552	0.00	97.02	N/A	N/A	0	0	93	68
2023-11-29	$40.80	$41.00	13.6%	3.9%	16.4%	4.1%	0.0%	1.3%	-0.5%	6.8K	-15.8K	-533	0.00	112.58	N/A	N/A	0	0	93	68
2023-11-30	$40.72	$41.00	14.3%	4.1%	16.0%	5.2%	0.0%	2.2%	1.2%	6.8K	5.5K	-516	0.00	110.43	N/A	N/A	0	0	93	68