EWP Options History — July 2025

In July 2025, EWP traded between $43.53 and $45.45. ATM implied volatility averaged 17.2%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 0.3% (HV 20d: 16.9%). Max pain ranged from $43.00 to $47.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 4.11.

Notable Days

  • 2025-07-28: Highest Volume — 267 contracts
  • 2025-07-07: Largest IV spike — 36.3% change
  • 2025-07-07: Highest IV Rank — 28.3%
  • 2025-07-14: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.56$43.53$45.45$44.23$44.76
Max Pain$44.55$43.00$47.00$43.00$45.00
ATM IV17.2%13.2%21.0%17.8%16.3%
Expected Move4.8%2.8%5.6%5.1%4.7%
HV 20d16.9%14.9%18.9%16.8%16.5%
HV 60d17.9%15.2%31.6%31.6%15.6%
IV Rank19.5%10.0%28.3%20.9%17.3%
IV Percentile60.4%23.4%82.5%67.5%54.4%
Term Structure2.1%-6.4%11.5%0.4%-6.4%
VWIV16.8%10.0%26.3%11.6%17.3%
Skew 25d3.9%-1.7%9.4%0.2%1.1%
Skew 10d2.5%-6.7%7.5%-6.7%2.6%
Call IV 25d12.5%10.4%17.7%11.4%12.1%
Put IV 25d16.3%11.6%21.2%11.6%13.2%
Bid-Ask Spread %102.5297.89110.78104.53106.95
Gamma HHI0.270.150.580.330.17
Net GEX-216.4K-780.4K66.9K-765.5K15.8K
Net DEX-1.8M-2.6M-239.2K-268.3K-2.1M
Net VEX-9.9K-17.1K-7.2K-17.1K-8.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.110.0021.000.000.20
Total Volume29.864026770
Total OI4,525.5451,1556,8276,6341,468

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$44.23$43.0017.8%5.1%16.8%20.9%11.6%0.2%0.4%-765.5K-268.3K-17.1K0.00104.53N/AN/A709275,707
2025-07-02$44.51$43.0017.1%4.9%16.2%19.0%16.0%2.9%-0.2%-634.1K-634.5K-15.7K7.42101.90N/AN/A191419305,707
2025-07-03$44.66$44.0015.4%2.8%16.2%15.1%10.0%6.3%11.5%-659.6K-239.2K-16.9K1.20105.98N/AN/A569465,848
2025-07-07$44.26$44.0021.0%4.3%16.4%28.3%0.0%2.1%6.0%-780.4K-326.1K-14.6K0.00105.19N/AN/A809495,852
2025-07-08$44.72$44.0017.8%4.8%16.8%20.7%18.8%7.9%7.7%-400.0K-1.8M-11.1K1.6798.00N/AN/A6109515,852
2025-07-09$45.33$44.0016.2%4.6%17.3%17.0%14.5%7.0%9.9%-123.2K-2.6M-8.9K7.33101.08N/AN/A3229545,853
2025-07-10$44.53$47.0015.7%4.5%18.6%15.9%0.0%7.3%9.3%-293.9K-2.0M-9.8K0.00102.25N/AN/A029545,873
2025-07-11$44.16$47.0015.0%4.3%18.9%14.3%12.7%1.3%7.4%-456.0K-1.9M-9.4K21.00105.36N/AN/A2429445,874
2025-07-14$44.32$44.0019.4%5.6%18.6%24.5%0.0%8.3%-3.6%-204.4K-2.2M-8.5K0.0098.09N/AN/A1609415,862
2025-07-15$43.53$44.0017.8%5.1%18.7%20.9%10.2%-1.7%1.3%-479.7K-1.5M-9.1K14.00104.48N/AN/A1149415,862
2025-07-16$44.03$44.0018.8%5.4%18.8%23.2%0.0%5.9%4.0%-203.6K-1.9M-8.5K1.00103.03N/AN/A119415,867
2025-07-17$44.03$44.0018.4%5.3%16.3%22.1%0.0%3.3%5.0%-156.8K-2.1M-8.1K0.0098.37N/AN/A1009415,864
2025-07-18$43.86$44.0018.3%5.2%16.4%21.9%15.6%0.5%0.2%30.5K-2.2M-7.9K0.25102.22N/AN/A419395,864
2025-07-21$44.25$44.0017.6%5.0%16.6%20.3%23.1%7.8%-0.0%66.9K-2.0M-7.7K0.29101.89N/AN/A72826329
2025-07-22$44.75$45.0014.3%4.1%16.9%12.5%17.6%9.4%-0.5%59.1K-2.2M-7.4K0.00102.05N/AN/A10832331
2025-07-23$45.30$45.0019.0%5.5%16.4%23.7%17.8%6.8%-1.5%51.8K-2.3M-7.5K0.0098.35N/AN/A40833331
2025-07-24$45.41$45.0018.2%5.2%15.0%21.7%26.3%-0.9%-0.8%47.6K-2.4M-7.2K0.08102.23N/AN/A252836331
2025-07-25$45.45$45.0018.3%5.3%14.9%22.0%16.4%1.5%-0.2%52.3K-2.5M-7.7K0.00100.74N/AN/A02861333
2025-07-28$44.70$45.0016.7%4.8%16.2%18.3%20.1%1.0%-0.4%58.0K-2.3M-7.8K19.5497.89N/AN/A13254861333
2025-07-29$45.03$45.0016.7%4.8%16.2%18.2%20.1%2.2%-0.7%9.3K-2.0M-9.4K0.00104.14N/AN/A014870587
2025-07-30$44.59$45.0013.2%3.8%16.6%10.0%17.3%4.5%-1.5%4.6K-2.0M-8.7K0.20110.78N/AN/A102870587
2025-07-31$44.76$45.0016.3%4.7%16.5%17.3%0.0%1.1%-6.4%15.8K-2.1M-8.8K0.00106.95N/AN/A00880588