EWP Options History — March 2025

In March 2025, EWP traded between $36.22 and $38.91. ATM implied volatility averaged 19.7%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 1.0% (HV 20d: 20.8%). Max pain ranged from $33.00 to $34.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.07.

Notable Days

  • 2025-03-03: Highest Volume — 132 contracts
  • 2025-03-21: Largest IV spike — 70.5% change
  • 2025-03-10: Highest IV Rank — 52.4%
  • 2025-03-21: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.83$36.22$38.91$36.22$38.13
Max Pain$33.77$33.00$34.00$34.00$33.00
ATM IV19.7%11.7%31.2%13.5%24.8%
Expected Move6.8%3.5%12.7%3.9%6.3%
HV 20d20.8%18.2%22.4%19.8%21.5%
HV 60d18.8%17.2%20.4%18.8%18.3%
IV Rank25.4%6.5%52.4%10.8%37.2%
IV Percentile72.3%8.3%94.0%31.3%91.3%
Term Structure7.7%-9.1%26.1%-0.8%-2.5%
VWIV24.1%18.3%31.3%24.6%20.0%
Skew 25d7.4%-3.2%17.8%-3.2%10.1%
Skew 10d2.0%-10.5%13.9%-6.5%6.5%
Call IV 25d15.2%12.3%21.1%15.6%15.6%
Put IV 25d22.6%12.4%32.9%12.4%25.7%
Bid-Ask Spread %114.7292.37151.97104.8192.37
Gamma HHI0.180.140.330.330.14
Net GEX-809-6.5K6.7K6.7K-5.5K
Net DEX-604.7K-840.4K-283.2K-723.4K-283.2K
Net VEX-2.0K-2.6K-1.5K-2.6K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.004.400.020.33
Total Volume20.905013213212
Total OI866.524674978978720

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$36.22$34.0013.5%3.9%19.8%10.8%24.6%-3.2%-0.8%6.7K-723.4K-2.6K0.02104.81N/AN/A1302343635
2025-03-04$36.67$34.0018.2%5.2%18.2%21.8%22.1%5.5%5.0%2.4K-744.2K-2.4K0.23107.17N/AN/A266321637
2025-03-05$37.55$34.0018.2%5.2%18.3%21.7%23.8%5.8%10.9%-6.5K-840.4K-2.3K0.00110.92N/AN/A1050322631
2025-03-06$37.06$34.0021.0%6.0%18.5%28.3%0.0%11.2%11.8%-1.5K-679.0K-2.4K0.00107.33N/AN/A00307631
2025-03-07$37.82$34.0024.8%7.1%19.3%37.3%21.7%3.1%8.0%-412-828.2K-1.9K3.33107.90N/AN/A310307631
2025-03-10$36.98$34.0031.2%8.9%21.1%52.4%31.2%11.8%8.8%-2.2K-675.8K-2.5K0.25108.55N/AN/A205320641
2025-03-11$37.23$34.0026.6%9.0%21.1%41.6%31.3%11.4%7.3%-3.3K-706.0K-2.3K0.00112.99N/AN/A170320636
2025-03-12$37.00$34.0024.7%7.2%21.3%37.0%0.0%17.8%3.4%-3.4K-715.8K-2.3K0.00115.49N/AN/A00330636
2025-03-13$36.97$34.0018.2%5.7%20.8%21.8%0.0%11.1%8.1%-4.8K-759.0K-2.2K2.00115.17N/AN/A12330636
2025-03-14$37.82$34.0017.4%5.3%21.9%19.9%0.0%4.0%10.2%-2.0K-822.9K-2.1K0.13111.39N/AN/A81321638
2025-03-17$38.34$33.0022.4%9.5%22.1%31.6%0.0%7.7%14.1%268-647.0K-2.0K0.00130.52N/AN/A20262639
2025-03-18$38.91$33.0018.3%8.3%22.4%21.9%0.0%-0.8%17.2%1.2K-759.0K-1.5K0.50131.72N/AN/A21264639
2025-03-19$38.86$33.0017.0%8.1%21.1%18.9%18.3%6.3%18.0%4.6K-627.4K-1.6K0.56135.78N/AN/A95234643
2025-03-20$38.33$0.0013.5%11.6%21.7%10.8%0.0%7.3%26.0%-2.7K-534.1K-1.9K3.50151.97N/AN/A27236648
2025-03-21$38.37$0.0023.1%12.7%21.1%33.2%0.0%7.9%26.1%-2.3K-526.9K-1.9K1.25126.87N/AN/A45235649
2025-03-24$38.14$0.0011.7%3.6%21.3%6.5%0.0%8.5%-0.3%1.2K-337.2K-1.9K0.00115.53N/AN/A10191483
2025-03-25$38.75$0.0014.8%5.3%21.0%13.7%0.0%8.3%6.3%4.7K-425.4K-1.7K1.6798.35N/AN/A610191483
2025-03-26$38.23$0.0016.4%4.9%21.9%17.6%0.0%5.1%-7.2%-426-312.4K-2.0K4.40112.40N/AN/A522190493
2025-03-27$38.58$0.0017.5%3.5%21.0%20.2%0.0%9.3%-9.1%-2.6K-355.9K-1.8K0.33110.83N/AN/A31194516
2025-03-28$38.41$0.0021.3%4.9%21.2%29.1%0.0%7.1%0.1%-275-395.3K-1.5K0.00100.97N/AN/A06197517
2025-03-31$38.13$0.0024.8%6.3%21.5%37.2%20.0%10.1%-2.5%-5.5K-283.2K-1.9K0.0092.37N/AN/A012197523