EWP Options History — March 2026

In March 2026, EWP traded between $51.55 and $56.09. ATM implied volatility averaged 29.2%, placing in the 52.0% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 1.9% (HV 20d: 31.1%). Max pain ranged from $53.00 to $56.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 5.74.

Notable Days

  • 2026-03-31: Highest Volume — 1,446 contracts
  • 2026-03-20: Largest IV spike — 35.8% change
  • 2026-03-27: Highest IV Rank — 71.5%
  • 2026-03-27: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.37$51.55$56.09$56.09$54.19
Max Pain$53.33$53.00$56.00$56.00$53.00
ATM IV29.2%23.2%36.7%23.2%29.2%
Expected Move8.0%6.2%10.5%6.6%8.4%
HV 20d31.1%23.1%36.0%23.1%36.0%
HV 60d22.6%17.2%26.0%17.2%26.0%
IV Rank52.0%36.1%71.5%36.1%51.9%
IV Percentile93.6%86.5%98.0%86.5%92.9%
Term Structure-1.0%-12.6%7.9%-8.1%-0.4%
VWIV27.0%21.0%35.7%21.3%31.3%
Skew 25d8.2%0.5%18.1%2.1%16.4%
Skew 10d10.1%1.3%20.0%1.3%6.0%
Call IV 25d23.9%16.0%32.8%21.6%19.6%
Put IV 25d32.1%23.7%41.9%23.7%36.0%
Bid-Ask Spread %74.1442.32112.88108.8642.32
Gamma HHI0.170.130.190.130.18
Net GEX-546.2K-693.0K-322.1K-322.1K-688.0K
Net DEX3.3M-2.5M6.6M-2.5M2.2M
Net VEX-40.4K-49.1K-32.7K-33.4K-32.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.740.0426.330.040.45
Total Volume209.38171,4461521,446
Total OI6,802.7626,0927,2696,0926,427

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$56.09$56.0023.2%6.6%23.1%36.1%21.3%2.1%-8.1%-322.1K-2.5M-33.4K0.04108.86N/AN/A14661,9944,098
2026-03-03$53.14$56.0031.4%9.0%29.7%57.6%35.2%4.8%-12.6%-535.6K4.5M-42.9K10.2287.00N/AN/A838482,0534,102
2026-03-04$54.66$54.0026.4%7.6%31.5%44.5%32.0%9.2%-6.5%-555.8K1.4M-45.2K4.2989.61N/AN/A1345752,3864,852
2026-03-05$53.48$53.0031.1%6.2%31.9%56.8%27.0%10.0%7.2%-478.2K2.6M-48.0K1.38107.43N/AN/A45622,5394,712
2026-03-06$53.22$53.0035.5%6.9%30.8%68.5%24.1%9.2%1.0%-520.3K4.3M-49.1K9.30103.52N/AN/A10932,5824,687
2026-03-09$54.20$53.0028.7%6.2%30.5%50.5%25.5%0.5%7.9%-693.0K2.9M-42.8K26.33112.79N/AN/A3792,5734,676
2026-03-10$54.00$53.0030.5%6.4%29.4%55.3%22.9%8.5%6.9%-438.6K916.3K-43.2K1.67110.04N/AN/A9152,5644,614
2026-03-11$54.04$53.0026.9%7.7%29.4%45.9%25.8%7.0%0.1%-482.9K2.3M-44.2K1.36112.88N/AN/A58792,5614,615
2026-03-12$53.15$53.0026.0%7.2%29.8%43.4%27.7%2.5%2.0%-576.1K4.6M-44.3K5.3352.79N/AN/A6322,5124,645
2026-03-13$52.50$53.0026.7%10.1%29.8%45.4%23.3%5.0%-3.8%-507.3K4.1M-43.2K1.9058.74N/AN/A21402,5134,591
2026-03-16$53.29$53.0025.8%7.7%30.2%43.0%27.7%6.8%1.7%-583.4K3.1M-40.8K0.5058.28N/AN/A86432,5094,599
2026-03-17$53.81$53.0024.3%7.2%29.6%39.1%21.0%3.4%1.0%-524.6K2.6M-41.0K4.4555.18N/AN/A22982,5524,606
2026-03-18$53.23$53.0024.6%7.6%29.6%39.9%0.0%10.0%-1.0%-572.4K2.7M-39.8K1.2061.44N/AN/A562,5384,653
2026-03-20$51.55$53.0033.4%9.4%31.3%62.9%35.7%13.8%-1.5%-541.1K6.1M-40.6K7.5061.59N/AN/A6452,5494,645
2026-03-23$53.32$53.0030.0%8.0%33.3%54.0%26.5%9.1%2.0%-598.0K3.5M-37.7K7.0063.58N/AN/A172,0514,274
2026-03-24$52.81$53.0030.5%9.1%33.3%55.3%24.0%6.5%-5.5%-589.8K5.3M-37.1K11.5055.20N/AN/A2232,0514,279
2026-03-25$53.53$53.0029.1%7.7%33.8%51.6%23.8%10.9%-0.1%-519.6K2.6M-36.3K0.1357.14N/AN/A6482,0514,259
2026-03-26$52.45$53.0030.9%8.9%33.4%56.3%23.9%7.4%-4.4%-599.5K5.3M-36.1K0.0060.00N/AN/A072,0504,264
2026-03-27$51.81$53.0036.7%10.5%33.5%71.5%30.1%11.5%-6.2%-537.3K5.1M-35.4K14.6049.49N/AN/A5732,0464,263
2026-03-30$52.23$53.0033.1%9.5%33.7%62.1%32.1%18.1%0.4%-607.0K6.6M-33.8K0.0048.95N/AN/A01062,0484,275
2026-03-31$54.19$53.0029.2%8.4%36.0%51.9%31.3%16.4%-0.4%-688.0K2.2M-32.7K0.4542.32N/AN/A1,0004462,0484,379