EWP Options History — January 2026

In January 2026, EWP traded between $53.85 and $56.88. ATM implied volatility averaged 15.6%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.0% (HV 20d: 12.7%). Max pain ranged from $52.00 to $55.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.10.

Notable Days

  • 2026-01-20: Highest Volume — 283 contracts
  • 2026-01-07: Largest IV spike — 160.4% change
  • 2026-01-07: Highest IV Rank — 40.0%
  • 2026-01-02: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.06$53.85$56.88$54.64$56.28
Max Pain$52.15$52.00$55.00$55.00$52.00
ATM IV15.6%9.4%24.4%23.0%15.7%
Expected Move4.4%3.4%6.6%6.6%4.5%
HV 20d12.7%10.0%15.6%12.3%15.5%
HV 60d13.6%13.2%14.6%13.5%14.6%
IV Rank16.9%1.1%40.0%36.4%16.5%
IV Percentile37.7%0.4%90.1%86.1%38.9%
Term Structure1.8%-9.8%8.9%-9.8%2.4%
VWIV15.6%10.5%23.9%23.9%17.3%
Skew 25d3.0%-3.3%7.9%1.6%1.9%
Skew 10d1.7%-2.1%4.6%3.9%0.7%
Call IV 25d12.7%9.0%22.7%15.4%14.2%
Put IV 25d15.7%11.9%19.4%17.0%16.1%
Bid-Ask Spread %112.43107.89122.73122.73112.39
Gamma HHI0.170.160.190.160.17
Net GEX-522.0K-685.7K-330.0K-685.7K-330.0K
Net DEX1.9M-583.8K4.6M1.7M264.6K
Net VEX-46.6K-52.5K-40.6K-45.3K-44.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.0017.000.240.44
Total Volume60.810283103141
Total OI5,631.65,2615,8825,6915,420

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$54.64$55.0023.0%6.6%12.3%36.4%23.9%1.6%-9.8%-685.7K1.7M-45.3K0.24122.73N/AN/A83201,0274,664
2026-01-05$54.98$52.0011.9%4.6%12.4%7.5%16.1%7.9%3.2%-602.4K1.5M-45.9K0.37108.66N/AN/A43161,0794,684
2026-01-06$54.55$52.009.4%4.5%12.8%1.1%10.5%3.9%-0.6%-606.1K2.2M-48.6K0.26108.65N/AN/A2771,1074,694
2026-01-07$54.47$52.0024.4%4.2%12.8%40.0%0.0%5.7%5.0%-549.6K3.6M-52.5K0.19116.17N/AN/A3671,1184,696
2026-01-08$54.80$52.0017.0%4.1%12.9%20.7%12.9%3.8%3.7%-551.5K3.2M-50.8K0.00110.26N/AN/A2201,1224,699
2026-01-09$54.50$52.0012.4%4.3%12.4%8.9%0.0%2.1%3.5%-605.8K2.6M-48.6K0.45107.89N/AN/A1151,1444,699
2026-01-12$54.89$52.0018.0%4.0%12.4%23.3%16.5%5.0%8.9%-534.5K2.7M-49.7K1.50108.63N/AN/A461,1554,700
2026-01-13$54.80$52.0017.2%4.1%12.4%21.3%14.0%5.7%4.2%-584.3K2.0M-47.5K0.00108.90N/AN/A2601,1614,701
2026-01-14$55.00$52.0017.1%4.9%11.6%21.2%17.3%4.0%1.4%-406.6K3.0M-51.3K17.00120.76N/AN/A1171,1764,701
2026-01-15$54.27$52.0015.5%4.4%10.0%17.0%0.0%-1.6%4.2%-571.0K2.2M-45.9K0.19115.25N/AN/A54101,1764,706
2026-01-16$54.61$52.0013.5%3.9%10.1%11.7%16.8%1.1%0.5%-485.0K1.9M-46.8K0.48109.82N/AN/A21101,2044,646
2026-01-20$53.85$52.0015.3%4.4%11.0%16.5%17.0%-3.3%4.0%-605.6K4.6M-48.3K0.04108.00N/AN/A273101,1234,138
2026-01-21$54.56$52.0015.8%4.5%11.9%16.8%16.9%-0.5%-0.1%-649.3K1.0M-41.7K0.27115.05N/AN/A104281,1884,144
2026-01-22$54.91$52.0013.9%4.0%12.0%11.8%12.8%-1.1%3.2%-516.1K994.0K-44.4K0.23114.77N/AN/A1331,2434,150
2026-01-23$55.07$52.0017.0%4.9%12.0%20.1%11.5%2.1%-4.3%-548.5K2.7M-48.1K0.00110.34N/AN/A1801,2484,151
2026-01-26$55.98$52.0011.8%3.4%13.2%6.4%16.8%4.2%-1.9%-434.9K1.1M-45.3K0.03114.65N/AN/A6821,2564,151
2026-01-27$56.88$52.0012.7%3.6%14.0%8.6%16.2%6.3%3.9%-369.6K-583.8K-40.6K0.15110.97N/AN/A3451,2974,152
2026-01-28$55.92$52.0015.5%4.4%15.6%16.0%12.9%6.7%6.2%-415.2K257.3K-43.2K0.04116.13N/AN/A2511,2984,155
2026-01-29$56.33$52.0015.7%4.5%15.6%16.6%17.3%4.9%-1.7%-388.4K118.9K-42.8K0.07108.52N/AN/A6141,3034,156
2026-01-30$56.28$52.0015.7%4.5%15.5%16.5%0.0%1.9%2.4%-330.0K264.6K-44.4K0.44112.39N/AN/A98431,3274,093