EWP Options History — February 2026

In February 2026, EWP traded between $55.25 and $58.22. ATM implied volatility averaged 18.9%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 1.6% (HV 20d: 20.5%). Max pain ranged from $52.00 to $56.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.37.

Notable Days

  • 2026-02-03: Highest Volume — 394 contracts
  • 2026-02-03: Largest IV spike — 57.6% change
  • 2026-02-05: Highest IV Rank — 64.3%
  • 2026-02-05: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.80$55.25$58.22$56.78$57.39
Max Pain$55.00$52.00$56.00$52.00$56.00
ATM IV18.9%14.5%34.0%15.8%19.6%
Expected Move5.4%4.2%7.6%4.5%5.6%
HV 20d20.5%15.2%22.5%15.2%21.5%
HV 60d16.0%14.6%16.5%14.6%16.5%
IV Rank24.9%13.4%64.3%16.8%26.7%
IV Percentile60.9%23.8%98.0%39.7%73.0%
Term Structure-0.8%-5.9%7.9%2.5%-4.8%
VWIV18.9%15.1%27.2%15.1%16.1%
Skew 25d3.9%-4.5%17.6%4.8%0.5%
Skew 10d2.8%0.5%8.0%0.9%0.7%
Call IV 25d16.0%10.5%18.9%13.0%16.8%
Put IV 25d19.9%13.4%36.6%17.8%17.4%
Bid-Ask Spread %104.8894.75121.78106.90111.00
Gamma HHI0.150.130.180.160.14
Net GEX-237.5K-387.8K-89.4K-321.2K-89.4K
Net DEX-3.0M-6.0M539.5K-620.4K-5.6M
Net VEX-35.8K-45.8K-23.7K-43.1K-26.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.002.200.640.11
Total Volume100103948710
Total OI5,9105,5296,1875,5296,084

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$56.78$52.0015.8%4.5%15.2%16.8%15.1%4.8%2.5%-321.2K-620.4K-43.1K0.64106.90N/AN/A53341,4144,115
2026-02-03$56.09$52.0024.9%7.1%15.9%40.6%27.2%4.7%-5.0%-359.6K539.5K-45.7K0.48121.75N/AN/A2661281,4674,130
2026-02-04$56.70$52.0023.0%6.6%15.9%35.6%18.1%5.7%-4.0%-307.1K-2.6M-38.6K0.04121.78N/AN/A2711,6334,100
2026-02-05$55.25$55.0034.0%7.6%18.7%64.3%0.0%17.6%1.9%-361.9K390.9K-45.8K0.06107.95N/AN/A3321,6434,100
2026-02-06$56.42$55.0016.6%5.5%20.0%18.9%18.4%-2.8%-5.9%-387.8K-2.0M-37.7K0.44105.31N/AN/A941,6454,100
2026-02-09$57.58$55.0016.7%5.2%20.9%19.2%18.3%8.5%-5.8%-243.9K-4.5M-30.2K0.0298.74N/AN/A23341,6484,102
2026-02-10$57.23$55.0015.0%5.2%21.0%14.7%16.8%-4.5%-1.3%-186.6K-4.1M-35.7K0.0098.31N/AN/A7401,8254,103
2026-02-11$56.91$55.0014.5%4.2%21.2%13.4%21.2%4.7%0.2%-192.4K-3.9M-35.6K0.38102.08N/AN/A1661,8964,103
2026-02-12$56.23$55.0016.8%4.8%21.7%19.3%0.0%4.1%7.9%-214.3K-2.4M-39.4K0.05109.90N/AN/A4221,8934,108
2026-02-13$55.47$55.0019.6%5.6%21.8%26.8%18.8%5.3%-3.2%-292.3K-1.7M-38.0K0.0497.37N/AN/A4821,8774,108
2026-02-17$56.48$56.0017.6%5.1%22.5%21.7%21.1%4.1%-2.6%-236.4K-2.3M-37.9K0.2198.40N/AN/A3371,8854,109
2026-02-18$56.75$56.0017.3%5.0%21.7%20.8%17.1%3.6%-0.2%-171.6K-4.3M-31.3K0.1498.01N/AN/A2941,9024,111
2026-02-19$56.11$56.0019.8%5.7%21.9%27.4%20.2%4.1%-1.8%-263.2K-1.1M-39.7K0.4298.49N/AN/A172721,9074,114
2026-02-20$57.02$56.0018.5%5.3%22.5%23.9%20.5%2.7%2.2%-236.4K-3.8M-34.1K0.80105.10N/AN/A114911,9524,235
2026-02-23$57.30$56.0019.2%5.5%22.5%25.7%17.9%0.3%-3.1%-174.7K-4.6M-30.1K0.25108.07N/AN/A85211,8584,098
2026-02-24$57.20$56.0017.1%4.9%21.9%20.2%18.0%-3.9%1.8%-226.0K-3.8M-32.6K2.20104.56N/AN/A41901,8954,105
2026-02-25$58.22$56.0016.4%4.7%22.0%18.5%17.6%8.0%-1.0%-143.9K-6.0M-23.7K0.46104.16N/AN/A35161,9104,091
2026-02-26$58.09$56.0016.4%4.7%21.0%18.3%16.1%5.8%6.6%-103.4K-4.4M-33.8K0.2594.75N/AN/A77191,9334,091
2026-02-27$57.39$56.0019.6%5.6%21.5%26.7%0.0%0.5%-4.8%-89.4K-5.6M-26.6K0.11111.00N/AN/A911,9874,097