EWP Options History — August 2025

In August 2025, EWP traded between $44.56 and $49.23. ATM implied volatility averaged 16.6%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 1.8% (HV 20d: 14.8%). Max pain ranged from $36.00 to $48.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 7.30.

Notable Days

  • 2025-08-22: Highest Volume — 123 contracts
  • 2025-08-11: Largest IV spike — 27.8% change
  • 2025-08-12: Highest IV Rank — 24.4%
  • 2025-08-06: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.53$44.56$49.23$44.56$47.72
Max Pain$44.43$36.00$48.00$45.00$48.00
ATM IV16.6%14.3%19.3%16.5%16.2%
Expected Move4.7%4.1%5.1%4.7%4.6%
HV 20d14.8%13.2%17.2%16.5%15.0%
HV 60d15.7%15.3%16.0%15.6%15.8%
IV Rank18.0%12.7%24.4%17.8%17.1%
IV Percentile55.3%34.1%76.6%56.0%50.8%
Term Structure0.7%-2.0%9.0%-1.8%0.3%
VWIV17.2%14.6%20.6%20.6%16.3%
Skew 25d4.6%-0.3%10.3%5.2%-0.3%
Skew 10d2.8%-0.7%6.1%4.4%3.2%
Call IV 25d12.4%9.8%16.6%11.0%15.2%
Put IV 25d17.1%13.1%21.7%16.2%14.9%
Bid-Ask Spread %96.4790.41106.69106.6995.06
Gamma HHI0.160.130.270.180.17
Net GEX17.0K-6.4K66.8K12.2K-4.0K
Net DEX-3.0M-3.8M-1.9M-1.9M-2.9M
Net VEX-6.8K-9.1K-4.8K-8.9K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.300.0099.000.704.44
Total Volume40.28651235149
Total OI1,523.4291,3591,6821,4961,526

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$44.56$45.0016.5%4.7%16.5%17.8%20.6%5.2%-1.8%12.2K-1.9M-8.9K0.70106.69N/AN/A3021880616
2025-08-04$45.27$36.0016.5%4.1%17.1%17.8%20.3%-0.3%0.7%10.6K-2.2M-8.7K3.58102.86N/AN/A1243880634
2025-08-05$45.45$37.0015.6%4.3%16.8%15.7%20.3%2.9%-2.0%6.5K-2.1M-9.1K5.0097.62N/AN/A15892674
2025-08-06$46.22$37.0018.8%5.1%17.2%23.1%18.3%10.3%-0.8%12.6K-2.5M-8.3K0.1194.63N/AN/A192893672
2025-08-07$46.64$37.0015.5%4.9%15.9%15.5%18.0%4.8%-0.5%12.0K-2.7M-7.9K0.8695.36N/AN/A76898672
2025-08-08$47.06$37.0014.3%4.9%15.5%12.7%17.4%8.8%-0.5%12.8K-3.0M-7.3K10.0092.64N/AN/A440904673
2025-08-11$47.06$46.0018.3%5.1%15.5%22.0%15.1%5.1%-0.7%803-3.0M-7.0K0.0496.21N/AN/A472906711
2025-08-12$47.36$46.0019.3%5.1%13.4%24.4%18.4%6.9%5.3%6.6K-3.0M-7.2K0.6796.11N/AN/A32913710
2025-08-13$47.95$46.0016.3%4.7%13.5%17.3%16.6%3.0%7.3%14.1K-3.3M-6.0K0.0098.15N/AN/A690916709
2025-08-14$48.41$46.0016.5%4.7%13.5%17.7%14.6%5.5%9.0%66.8K-3.6M-5.7K2.4594.47N/AN/A1127964709
2025-08-15$48.83$46.0015.8%4.5%13.2%16.2%16.8%0.3%-0.2%46.6K-3.8M-5.0K0.0090.41N/AN/A410967715
2025-08-18$48.59$46.0016.5%4.7%13.6%17.7%16.8%7.8%0.1%32.2K-3.4M-5.8K0.5796.58N/AN/A3520906453
2025-08-19$48.44$47.0016.3%4.7%13.7%17.3%18.9%4.2%1.4%31.6K-3.5M-6.0K7.0095.13N/AN/A428925473
2025-08-20$48.70$47.0016.0%4.6%13.3%16.5%14.8%7.6%-0.4%41.8K-3.5M-5.7K5.0098.85N/AN/A420925482
2025-08-21$48.52$47.0015.9%4.5%13.6%16.3%17.1%8.2%-0.7%26.6K-3.5M-5.7K0.5797.69N/AN/A2112929492
2025-08-22$49.23$47.0015.5%4.4%14.1%15.4%15.2%2.8%0.9%22.2K-3.7M-4.8K0.2995.98N/AN/A9528913491
2025-08-25$48.34$48.0017.4%5.0%14.4%19.9%16.2%1.7%-1.1%19.3K-3.3M-6.7K99.0094.66N/AN/A199912507
2025-08-26$48.08$48.0017.2%4.9%14.7%19.3%16.9%3.6%-0.1%-1.9K-3.0M-6.7K0.5098.22N/AN/A63913599
2025-08-27$47.64$48.0017.3%5.0%14.7%19.6%16.0%5.2%-0.5%-5.7K-2.8M-7.6K6.5091.94N/AN/A213918600
2025-08-28$48.06$48.0017.2%4.9%14.8%19.3%17.6%4.2%-1.9%-6.4K-3.1M-6.5K6.0096.65N/AN/A212919601
2025-08-29$47.72$48.0016.2%4.6%15.0%17.1%16.3%-0.3%0.3%-4.0K-2.9M-7.2K4.4495.06N/AN/A940919607