EWP Options History — March 2022

In March 2022, EWP traded between $22.46 and $26.11. ATM implied volatility averaged 35.4%, placing in the 58.1% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 5.8% (HV 20d: 41.1%). Max pain ranged from $23.00 to $26.00. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 1.74.

Notable Days

  • 2022-03-10: Highest Volume — 558 contracts
  • 2022-03-08: Largest IV drop — 27.1% change
  • 2022-03-01: Highest IV Rank — 100.0%
  • 2022-03-07: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.78$22.46$26.11$24.45$25.53
Max Pain$24.81$23.00$26.00$26.00$25.00
ATM IV35.4%23.7%57.5%45.8%25.1%
Expected Move10.1%6.4%16.5%13.1%7.1%
HV 20d41.1%29.5%45.2%29.5%37.9%
HV 60d27.4%21.3%30.0%21.3%30.0%
IV Rank58.1%30.4%100.0%100.0%33.2%
IV Percentile92.9%81.0%100.0%100.0%81.7%
Term Structure-4.3%-10.4%0.6%-10.4%-0.7%
VWIV39.7%27.0%70.6%34.8%28.4%
Skew 25d10.1%4.3%14.9%10.5%5.9%
Skew 10d22.3%2.1%38.6%17.8%2.1%
Call IV 25d29.9%21.8%41.6%34.7%25.7%
Put IV 25d40.0%27.7%51.2%45.2%31.6%
Bid-Ask Spread %79.1440.80102.7289.1567.45
Gamma HHI0.230.180.320.220.22
Net GEX-9.5K-18.8K1.5K-9.1K-10.3K
Net DEX216.1K4.7K597.1K296.5K119.4K
Net VEX-2.3K-2.9K-1.9K-2.3K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.741.152.992.991.80
Total Volume461.174387558483401
Total OI1,015.5228991,1328991,054

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$24.45$26.0045.8%13.1%29.5%100.0%34.8%10.5%-10.4%-9.1K296.5K-2.3K2.9989.15N/AN/A121362381518
2022-03-02$25.07$26.0044.2%12.7%30.5%95.7%41.6%12.6%-5.4%-3.8K133.2K-2.6K2.1599.65N/AN/A169363442521
2022-03-03$24.06$26.0039.8%11.4%33.2%83.6%50.3%7.8%-5.5%-12.5K370.1K-2.2K2.1181.30N/AN/A169356425527
2022-03-04$23.05$26.0049.4%14.1%35.6%100.0%53.1%7.8%-7.3%-13.5K525.3K-2.0K2.4863.04N/AN/A149370425530
2022-03-07$22.46$26.0057.5%16.5%35.9%100.0%56.7%8.8%-9.0%-14.6K597.1K-2.0K1.8670.78N/AN/A149277437550
2022-03-08$23.59$26.0041.9%14.5%41.4%67.9%62.0%8.9%-7.9%-12.5K419.2K-2.3K1.4284.31N/AN/A191272437547
2022-03-09$24.75$26.0037.9%13.7%45.2%59.6%63.9%13.3%-5.1%-5.9K107.6K-2.9K1.4491.75N/AN/A187270484552
2022-03-10$24.32$26.0042.9%14.0%44.8%69.8%70.6%14.9%-6.4%-9.1K259.3K-2.7K1.9893.53N/AN/A187371484564
2022-03-11$24.11$26.0041.2%14.2%44.7%66.5%48.9%13.7%-7.6%-13.3K334.2K-2.7K1.9896.58N/AN/A187371484636
2022-03-14$24.51$24.0039.0%9.2%44.3%62.0%31.8%12.8%-6.6%-13.8K289.7K-2.6K1.9881.51N/AN/A187371484636
2022-03-15$24.80$24.0040.6%9.2%44.5%65.2%32.1%14.8%-8.9%-14.5K249.0K-2.7K1.4779.46N/AN/A187275484636
2022-03-16$25.24$24.0035.1%8.2%44.2%53.9%27.8%7.7%-6.1%-18.8K192.3K-2.4K1.4396.01N/AN/A187267484642
2022-03-17$25.53$0.0032.7%7.8%44.4%48.8%0.0%11.5%-4.7%-18.2K86.3K-2.6K1.43102.72N/AN/A187267484645
2022-03-18$25.50$0.0029.8%7.9%44.1%43.0%34.1%8.2%-2.5%1.5K87.0K-2.3K1.6468.27N/AN/A188308484648
2022-03-21$25.20$23.0028.9%7.8%44.2%41.1%32.5%11.5%-1.7%20498.9K-2.0K1.1684.72N/AN/A186215480422
2022-03-22$25.58$23.0023.7%6.4%44.4%30.4%30.5%7.5%-1.4%-37430.2K-1.9K1.1562.56N/AN/A187215480433
2022-03-23$24.95$23.0026.5%7.8%45.0%36.2%31.7%11.0%0.3%-3.3K149.0K-1.9K1.2572.57N/AN/A187233482434
2022-03-24$24.97$23.0028.2%8.0%44.8%39.7%32.5%11.8%-0.0%-7.2K197.5K-2.0K1.2762.23N/AN/A184233482475
2022-03-25$25.04$23.0027.2%7.6%43.2%37.7%27.5%11.7%-1.2%-8.4K190.9K-1.9K1.7186.70N/AN/A154264468475
2022-03-28$25.22$25.0026.9%7.6%42.7%36.9%27.7%8.8%-0.6%-14.7K204.7K-2.0K1.7161.68N/AN/A154264473542
2022-03-29$26.11$25.0023.9%6.8%41.2%30.9%27.0%4.3%0.6%-7.7K4.7K-2.0K1.7683.37N/AN/A140247473562
2022-03-30$25.94$25.0025.5%7.0%40.5%34.1%27.7%6.6%-0.8%-7.5K29.1K-2.1K1.7840.80N/AN/A143255487564
2022-03-31$25.53$25.0025.1%7.1%37.9%33.2%28.4%5.9%-0.7%-10.3K119.4K-2.2K1.8067.45N/AN/A143258490564