EPP Options History — September 2025

In September 2025, EPP traded between $50.61 and $52.67. ATM implied volatility averaged 11.3%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 0.3% (HV 20d: 11.0%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-09-10: Highest Volume — 6 contracts
2025-09-12: Largest IV spike — 56.6% change
2025-09-12: Highest IV Rank — 10.2%
2025-09-12: Largest Expected Move — 4.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.60	$50.61	$52.67	$51.13	$51.53
Max Pain	$45.00	$45.00	$45.00	$45.00	$45.00
ATM IV	11.3%	9.2%	14.4%	10.7%	12.8%
Expected Move	3.2%	2.6%	4.1%	3.1%	3.7%
HV 20d	11.0%	9.7%	11.8%	10.8%	10.9%
HV 60d	11.2%	10.4%	11.6%	11.4%	10.4%
IV Rank	4.7%	1.1%	10.2%	3.6%	7.3%
IV Percentile	15.2%	0.4%	42.9%	9.1%	28.2%
Term Structure	0.4%	-4.0%	6.6%	-0.9%	-1.1%
Skew 25d	1.3%	-0.7%	5.8%	0.9%	-0.4%
Skew 10d	-0.0%	-4.5%	33.4%	0.5%	-4.5%
Call IV 25d	10.8%	9.4%	12.0%	11.4%	12.0%
Put IV 25d	12.0%	10.4%	15.3%	12.3%	11.6%
Bid-Ask Spread %	120.54	107.51	139.08	127.01	123.25
Gamma HHI	0.17	0.14	0.21	0.21	0.16
Net GEX	-6.6K	-8.5K	-5.2K	-7.0K	-6.1K
Net DEX	-115.9K	-151.1K	-75.1K	-92.9K	-124.4K
Net VEX	-637	-747	-547	-670	-615
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	0.286	0	6	0	0
Total OI	124	120	126	120	126

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2025-09-02	$51.13	$0.00	10.7%	3.1%	10.8%	3.6%	0.0%	0.9%	-0.9%	-7.0K	-92.9K	-670	127.01	N/A	N/A	0	36	84
2025-09-03	$50.80	$0.00	11.1%	3.2%	11.0%	4.4%	0.0%	0.6%	-1.8%	-6.4K	-75.1K	-747	139.08	N/A	N/A	0	36	84
2025-09-04	$51.27	$45.00	10.7%	3.5%	11.2%	3.6%	0.0%	0.9%	6.1%	-6.8K	-93.9K	-671	118.89	N/A	N/A	0	36	84
2025-09-05	$51.41	$45.00	12.2%	3.4%	11.2%	6.3%	0.0%	-0.4%	6.6%	-6.7K	-94.1K	-672	110.78	N/A	N/A	0	36	84
2025-09-08	$51.69	$45.00	12.1%	2.7%	11.3%	6.0%	0.0%	-0.7%	-1.1%	-8.5K	-116.1K	-547	128.18	N/A	N/A	0	36	84
2025-09-09	$51.61	$45.00	12.2%	3.3%	11.4%	6.3%	0.0%	1.8%	0.0%	-5.6K	-103.9K	-610	114.93	N/A	N/A	0	36	84
2025-09-10	$52.04	$45.00	11.5%	3.3%	10.4%	5.0%	0.0%	5.8%	-2.6%	-6.5K	-102.5K	-647	114.31	N/A	N/A	6	36	84
2025-09-11	$52.67	$45.00	9.2%	2.6%	11.1%	1.1%	0.0%	5.4%	0.6%	-5.2K	-128.5K	-704	112.84	N/A	N/A	0	42	84
2025-09-12	$52.41	$45.00	14.4%	4.1%	10.9%	10.2%	0.0%	0.5%	1.7%	-6.2K	-140.2K	-591	107.51	N/A	N/A	0	42	84
2025-09-15	$52.66	$45.00	9.8%	2.8%	11.0%	2.0%	0.0%	1.0%	0.8%	-6.6K	-151.1K	-551	130.73	N/A	N/A	0	42	84
2025-09-16	$52.41	$45.00	12.1%	3.5%	11.1%	6.0%	0.0%	1.3%	5.3%	-6.2K	-137.0K	-622	114.79	N/A	N/A	0	42	84
2025-09-17	$52.07	$45.00	10.0%	2.9%	11.3%	2.4%	0.0%	3.8%	1.3%	-6.5K	-144.2K	-551	121.56	N/A	N/A	0	42	84
2025-09-18	$51.63	$45.00	11.6%	3.3%	11.8%	5.1%	0.0%	2.2%	-2.3%	-7.5K	-131.8K	-610	113.54	N/A	N/A	0	42	84
2025-09-19	$51.58	$45.00	10.0%	2.9%	11.7%	2.3%	0.0%	0.3%	-0.3%	-5.8K	-112.0K	-712	118.99	N/A	N/A	0	42	84
2025-09-22	$51.60	$45.00	12.0%	3.4%	10.3%	5.8%	0.0%	0.4%	-4.0%	-7.6K	-134.0K	-575	117.05	N/A	N/A	0	42	84
2025-09-23	$51.36	$45.00	9.8%	2.8%	9.7%	2.1%	0.0%	0.4%	1.1%	-6.6K	-111.4K	-689	125.08	N/A	N/A	0	42	84
2025-09-24	$50.78	$45.00	11.0%	3.1%	10.5%	4.1%	0.0%	2.4%	-1.0%	-5.5K	-98.1K	-711	116.57	N/A	N/A	0	42	84
2025-09-25	$50.61	$45.00	10.9%	3.1%	10.5%	4.1%	0.0%	0.2%	-1.2%	-6.8K	-97.4K	-699	123.31	N/A	N/A	0	42	84
2025-09-26	$50.92	$45.00	11.0%	3.1%	10.6%	4.1%	0.0%	-0.3%	-1.4%	-8.3K	-124.5K	-567	128.64	N/A	N/A	0	42	84
2025-09-29	$51.50	$45.00	12.1%	3.5%	11.4%	6.0%	0.0%	0.7%	3.1%	-7.3K	-120.2K	-624	124.24	N/A	N/A	0	42	84
2025-09-30	$51.53	$45.00	12.8%	3.7%	10.9%	7.3%	0.0%	-0.4%	-1.1%	-6.1K	-124.4K	-615	123.25	N/A	N/A	0	42	84