EWP Options History — April 2025

In April 2025, EWP traded between $33.94 and $41.30. ATM implied volatility averaged 22.4%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 21.6% (HV 20d: 44.0%). Max pain ranged from $33.00 to $40.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 5.71.

Notable Days

  • 2025-04-28: Highest Volume — 548 contracts
  • 2025-04-10: Largest IV spike — 80.8% change
  • 2025-04-10: Highest IV Rank — 80.2%
  • 2025-04-10: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.59$33.94$41.30$38.25$40.56
Max Pain$35.33$33.00$40.00$40.00$40.00
ATM IV22.4%14.5%43.0%20.0%17.3%
Expected Move6.0%4.2%12.3%6.3%5.0%
HV 20d44.0%19.2%51.4%21.2%51.2%
HV 60d29.8%18.2%33.4%18.2%33.2%
IV Rank31.6%13.1%80.2%26.0%19.6%
IV Percentile70.9%40.5%97.6%83.3%65.9%
Term Structure5.3%-30.2%23.9%-2.5%-7.2%
VWIV24.2%16.0%52.6%16.1%19.5%
Skew 25d5.7%-2.3%11.4%7.7%7.4%
Skew 10d-1.5%-14.4%12.5%2.6%-3.3%
Call IV 25d17.9%12.1%41.8%15.5%12.1%
Put IV 25d23.6%14.9%49.0%23.2%19.5%
Bid-Ask Spread %111.5394.18140.49100.66102.71
Gamma HHI0.240.120.580.140.46
Net GEX-2.6K-42.0K74.6K-4.5K-40.1K
Net DEX-576.6K-1.5M301.1K-267.4K-578.8K
Net VEX-3.4K-6.3K-1.5K-2.1K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.710.0025.0025.002.73
Total Volume89.9520548056
Total OI1,031.6197261,5817261,581

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$38.25$40.0020.0%6.3%21.2%26.0%0.0%7.7%-2.5%-4.5K-267.4K-2.1K0.00100.66N/AN/A00197529
2025-04-02$38.71$40.0021.6%6.2%20.0%29.8%0.0%9.2%-0.1%-3.3K-396.1K-1.5K25.0094.49N/AN/A250197529
2025-04-03$38.84$40.0024.2%5.6%19.2%35.8%16.1%1.7%20.0%-19.4K-312.5K-1.8K5.83122.68N/AN/A635199579
2025-04-04$36.01$40.0038.8%7.5%32.8%70.1%23.5%5.1%8.0%-27.2K231.8K-2.4K0.00125.52N/AN/A0103205594
2025-04-07$34.52$40.0037.4%10.6%35.0%66.9%52.6%3.8%-30.2%-22.1K301.1K-2.4K0.25126.49N/AN/A17544205546
2025-04-08$33.94$33.0042.7%8.7%35.1%79.4%35.3%3.8%-1.1%-11.0K71.5K-3.6K0.00111.67N/AN/A0125379559
2025-04-09$37.21$33.0023.8%6.8%49.1%34.9%0.0%5.1%10.0%7.1K-597.8K-2.5K0.00126.54N/AN/A0172381679
2025-04-10$36.46$33.0043.0%12.3%49.6%80.2%40.9%7.2%-10.8%-14.3K-198.9K-4.6K0.06140.49N/AN/A342381821
2025-04-11$37.82$33.0016.0%4.6%50.7%16.5%23.8%-1.6%20.5%-12.8K-439.8K-4.3K5.00108.17N/AN/A15377823
2025-04-14$38.20$33.0015.4%4.4%50.6%15.2%23.7%11.4%20.5%-20.0K-540.7K-3.6K0.25111.31N/AN/A41378825
2025-04-15$38.73$33.0014.6%4.2%50.6%13.3%21.9%3.4%23.9%-18.0K-577.4K-4.3K0.00114.02N/AN/A40382825
2025-04-16$38.87$33.0023.4%6.7%50.6%33.9%16.7%3.8%14.5%-11.6K-747.5K-3.7K1.60113.78N/AN/A58384825
2025-04-17$39.39$33.0016.6%4.8%50.5%18.1%20.8%9.0%23.1%-12.7K-846.5K-3.7K0.15108.55N/AN/A6710389821
2025-04-21$39.10$33.0015.9%4.5%50.6%16.3%16.0%7.4%14.1%13.8K-905.9K-2.3K3.00110.44N/AN/A13340470
2025-04-22$40.16$33.0014.5%4.2%51.4%13.1%18.8%3.3%2.9%2.7K-846.9K-3.3K0.46109.82N/AN/A2612340473
2025-04-23$40.00$33.0018.1%5.2%51.2%21.5%20.7%11.3%2.7%2.1K-814.5K-3.4K0.08104.50N/AN/A19015341484
2025-04-24$40.40$33.0014.5%4.2%50.9%13.1%0.0%5.8%8.4%42.8K-1.1M-4.1K0.00111.03N/AN/A00526499
2025-04-25$40.84$33.0015.8%4.5%50.9%16.1%18.1%-2.3%3.4%61.3K-1.3M-3.9K0.00100.88N/AN/A90526499
2025-04-28$41.30$33.0021.7%6.2%51.0%29.9%21.9%10.0%-9.5%74.6K-1.5M-2.5K22.8394.18N/AN/A23525527499
2025-04-29$41.09$40.0015.1%4.3%50.9%14.5%21.6%7.8%1.6%-42.0K-693.0K-6.3K24.14104.17N/AN/A71695341,016
2025-04-30$40.56$40.0017.3%5.0%51.2%19.6%19.5%7.4%-7.2%-40.1K-578.8K-5.4K2.73102.71N/AN/A15415401,041