EPP Options History — December 2023

In December 2023, EPP traded between $40.39 and $43.61. ATM implied volatility averaged 16.1%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 1.5% (HV 20d: 17.5%). Max pain ranged from $41.00 to $44.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-12-19: Highest Volume — 25 contracts
  • 2023-12-26: Largest IV spike — 70.3% change
  • 2023-12-19: Highest IV Rank — 25.0%
  • 2023-12-19: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.13$40.39$43.61$41.41$43.41
Max Pain$43.25$41.00$44.00$41.00$44.00
ATM IV16.1%11.8%25.4%13.9%12.3%
Expected Move4.6%3.4%7.3%4.0%3.5%
HV 20d17.5%15.2%21.4%15.5%21.0%
HV 60d17.9%17.1%19.0%17.1%18.3%
IV Rank8.4%1.1%25.0%4.4%1.9%
IV Percentile37.8%2.0%93.3%17.5%3.6%
Term Structure-0.5%-6.7%2.9%0.6%0.9%
VWIV16.4%9.0%28.1%12.9%13.3%
Skew 25d0.9%-12.8%16.6%4.3%3.4%
Skew 10d15.4%-13.4%60.9%5.3%1.4%
Call IV 25d15.4%8.1%62.3%11.2%9.6%
Put IV 25d16.3%1.7%78.9%15.5%13.0%
Bid-Ask Spread %107.2172.37127.49111.39102.14
Gamma HHI0.310.210.510.230.49
Net GEX11.4K3.1K18.2K7.9K17.3K
Net DEX-82.5K-287.3K57.7K-105.3K-38.4K
Net VEX-336-503-124-503-336
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.302501
Total OI130.157116816187

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$41.41$41.0013.9%4.0%15.5%4.4%0.0%4.3%0.6%7.9K-105.3K-5030.00111.39N/AN/A009368
2023-12-04$40.80$44.0013.7%4.4%15.4%4.2%0.0%1.1%1.0%7.1K-23.7K-4590.00110.73N/AN/A009368
2023-12-05$40.39$44.0015.4%4.1%15.9%6.9%0.0%5.0%1.6%5.9K57.7K-4210.00110.19N/AN/A209368
2023-12-06$40.64$44.0013.8%6.6%15.5%4.2%0.0%1.9%1.0%6.8K-1.4K-4740.00113.10N/AN/A009568
2023-12-07$40.95$44.0015.7%3.8%15.6%7.4%0.0%1.5%0.2%7.7K-16.1K-4430.00112.54N/AN/A009568
2023-12-08$41.05$44.0014.3%3.8%15.3%5.1%0.0%3.3%0.2%8.2K-53.6K-4180.00115.88N/AN/A009568
2023-12-11$41.03$44.0017.0%3.8%15.3%9.6%12.9%-1.8%0.9%7.4K-44.9K-3520.00109.72N/AN/A409568
2023-12-12$41.05$42.0019.5%3.8%15.2%13.7%0.0%16.6%-0.0%3.1K-64.0K-2870.00112.77N/AN/A0010068
2023-12-13$42.11$42.0012.0%3.4%15.2%1.3%0.0%6.0%2.9%14.0K-265.4K-1910.00127.49N/AN/A0010068
2023-12-14$42.83$42.0011.8%3.4%16.1%1.1%9.0%-1.4%2.3%11.7K-287.3K-1670.00121.16N/AN/A1010068
2023-12-15$42.64$42.0012.9%3.7%15.7%3.0%0.0%0.3%-1.7%14.9K-284.0K-1740.00120.97N/AN/A0010068
2023-12-18$42.83$42.0020.7%5.9%15.6%16.7%11.1%-4.3%-3.7%14.5K-79.5K-2050.00121.19N/AN/A105220
2023-12-19$43.55$42.0025.4%7.3%16.2%25.0%14.4%-12.8%-1.9%15.7K-102.5K-1240.00110.59N/AN/A2505120
2023-12-20$42.08$44.0021.1%6.1%20.7%17.4%0.0%-8.8%-5.8%10.9K-63.0K-2640.0097.85N/AN/A0156620
2023-12-21$42.78$44.0012.8%3.7%21.4%2.8%0.0%2.6%0.4%13.7K-63.4K-4160.0098.96N/AN/A206635
2023-12-22$42.94$44.0012.7%3.6%21.4%2.6%0.0%2.6%1.4%14.2K-58.1K-3950.0097.37N/AN/A006335
2023-12-26$43.17$44.0021.6%6.2%21.1%18.3%28.1%3.1%-5.3%12.8K-51.1K-3570.0088.03N/AN/A306235
2023-12-27$43.36$44.0022.2%6.4%21.1%19.4%25.7%-5.9%-6.7%15.4K-50.8K-3710.0089.82N/AN/A1106135
2023-12-28$43.61$44.0012.4%3.5%20.9%2.1%0.0%0.8%0.8%18.2K-56.0K-3580.0072.37N/AN/A105335
2023-12-29$43.41$44.0012.3%3.5%21.0%1.9%13.3%3.4%0.9%17.3K-38.4K-3360.00102.14N/AN/A105235