EWP Options History — October 2025

In October 2025, EWP traded between $48.37 and $50.67. ATM implied volatility averaged 21.1%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 9.0% (HV 20d: 12.2%). Max pain ranged from $44.00 to $48.00. Net GEX was positive for 8 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 26.22.

Notable Days

  • 2025-10-20: Highest Volume — 886 contracts
  • 2025-10-10: Largest IV spike — 95.2% change
  • 2025-10-13: Highest IV Rank — 90.9%
  • 2025-10-14: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.49$48.37$50.67$49.69$50.19
Max Pain$46.87$44.00$48.00$44.00$48.00
ATM IV21.1%12.6%47.6%12.6%21.1%
Expected Move5.9%3.6%7.7%3.6%6.0%
HV 20d12.2%10.9%13.5%10.9%12.1%
HV 60d13.4%12.6%14.5%14.5%12.6%
IV Rank28.6%8.5%90.9%8.5%28.5%
IV Percentile65.8%8.3%98.8%8.3%79.4%
Term Structure-1.4%-10.8%6.1%0.6%-0.2%
VWIV18.3%8.8%31.4%16.0%20.0%
Skew 25d2.8%-14.3%13.4%-2.1%-6.6%
Skew 10d-0.2%-15.3%6.7%-2.0%-9.5%
Call IV 25d16.5%9.5%25.5%15.8%25.5%
Put IV 25d19.2%11.3%33.4%13.7%18.9%
Bid-Ask Spread %106.5850.94129.0977.52125.20
Gamma HHI0.180.120.280.190.16
Net GEX-115.8K-431.0K20.1K-495-295.4K
Net DEX-485.7K-4.1M5.9M-4.1M5.9M
Net VEX-9.5K-19.8K-3.8K-3.8K-19.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio26.220.0081.000.0018.00
Total Volume276.304088622339
Total OI2,343.131,5923,6641,5923,664

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$49.69$44.0012.6%3.6%10.9%8.5%16.0%-2.1%0.6%-495-4.1M-3.8K0.0077.52N/AN/A220965627
2025-10-02$49.38$44.0014.6%4.2%10.9%13.2%14.3%-1.8%2.0%16.7K-3.9M-4.2K1.0050.94N/AN/A22985627
2025-10-03$49.66$44.0013.2%3.8%11.0%10.0%13.3%0.1%2.8%20.1K-4.1M-4.0K0.0965.32N/AN/A232985628
2025-10-06$49.31$46.0016.1%5.0%11.1%16.9%18.0%3.4%1.5%12.3K-4.0M-4.1K0.0093.65N/AN/A03995629
2025-10-07$48.86$46.0016.1%4.9%11.7%16.8%17.1%4.4%-4.1%13.5K-3.7M-4.6K1.0094.61N/AN/A1010995630
2025-10-08$49.27$46.0013.8%4.8%11.7%11.3%0.0%7.7%-4.9%17.2K-4.0M-3.8K0.0086.37N/AN/A001,005629
2025-10-09$48.78$46.0014.0%4.8%11.7%12.0%0.0%8.5%-3.1%-625-3.8M-4.3K0.0088.44N/AN/A001,005629
2025-10-10$48.37$46.0027.4%6.1%12.1%43.4%20.6%7.0%6.1%13.7K-3.6M-4.4K0.00107.40N/AN/A0101,002629
2025-10-13$48.74$46.0047.6%7.0%12.3%90.9%19.9%13.4%-4.4%19.3K-3.6M-4.4K4.55120.53N/AN/A442001,002628
2025-10-14$49.06$46.0020.2%7.7%12.4%26.4%22.8%1.4%-10.8%1.4K-3.6M-6.1K32.50114.35N/AN/A206501,021825
2025-10-15$48.88$48.0023.1%6.6%12.4%33.2%21.3%6.5%-4.7%-136.0K-2.8M-8.5K0.00112.27N/AN/A01581,0281,364
2025-10-16$49.33$48.0025.9%7.4%12.7%39.8%24.1%1.3%-2.1%-110.6K-2.8M-8.8K64.83111.94N/AN/A63891,0281,433
2025-10-17$49.44$48.0023.6%6.8%12.7%34.6%19.0%2.4%3.1%-102.1K-3.1M-7.6K13.68106.12N/AN/A192601,0191,420
2025-10-20$49.86$48.0016.2%4.6%12.5%17.0%14.3%2.8%1.1%-108.1K-708.9K-10.9K43.30108.89N/AN/A208666321,198
2025-10-21$49.20$48.0022.0%6.3%13.5%30.7%0.0%11.6%-0.0%-167.0K1.6M-11.8K0.00117.08N/AN/A05516491,738
2025-10-22$49.34$48.0020.7%5.9%13.5%27.7%17.5%1.3%3.4%-187.4K2.8M-11.9K81.00118.24N/AN/A43246492,023
2025-10-23$49.59$48.0021.4%6.1%13.3%29.3%0.0%-5.7%-1.9%-198.6K3.0M-17.4K0.00126.94N/AN/A08786532,169
2025-10-24$49.67$48.0025.5%7.3%12.1%38.9%8.8%6.1%-5.6%-237.1K4.9M-16.9K5.70128.15N/AN/A472686532,560
2025-10-27$50.22$48.0022.4%6.4%12.6%31.6%12.0%6.4%-1.8%-231.1K4.4M-16.2K80.00129.09N/AN/A32406842,600
2025-10-28$50.67$48.0023.2%6.7%12.2%33.6%31.4%-14.3%-7.1%-294.9K4.5M-14.3K21.45128.06N/AN/A112366842,673
2025-10-29$50.59$48.0020.6%5.9%12.2%27.3%0.0%5.2%0.0%-277.6K4.4M-14.9K18.00125.84N/AN/A203606822,724
2025-10-30$50.28$48.0024.8%7.1%12.2%37.3%20.0%4.3%-3.1%-431.0K5.2M-14.9K0.00114.35N/AN/A03586772,847
2025-10-31$50.19$48.0021.1%6.0%12.1%28.5%0.0%-6.6%-0.2%-295.4K5.9M-19.8K0.00125.20N/AN/A03396742,990