EWI Options History — April 2018

In April 2018, EWI traded between $31.62 and $34.13. ATM implied volatility averaged 17.6%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 0.9% (HV 20d: 16.7%). Max pain ranged from $31.00 to $32.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.18.

Notable Days

  • 2018-04-03: Highest Volume — 4,504 contracts
  • 2018-04-30: Largest IV spike — 128.3% change
  • 2018-04-30: Highest IV Rank — 39.5%
  • 2018-04-02: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.35$31.62$34.13$31.62$33.58
Max Pain$31.31$31.00$32.50$32.50$32.00
ATM IV17.6%14.3%32.6%21.5%32.6%
Expected Move4.8%4.0%6.6%6.6%4.2%
HV 20d16.7%11.8%18.4%17.4%11.8%
HV 60d21.3%21.0%21.9%21.9%21.0%
IV Rank14.3%8.7%39.5%20.8%39.5%
IV Percentile51.8%27.8%92.5%75.8%92.5%
Term Structure0.3%-1.8%7.2%-0.2%-1.8%
VWIV17.5%13.2%23.2%23.2%14.1%
Skew 25d3.3%-23.5%8.3%5.6%1.3%
Skew 10d8.5%-29.7%20.8%20.8%6.1%
Call IV 25d18.1%11.9%41.0%19.0%39.0%
Put IV 25d21.4%15.2%40.3%24.6%40.3%
Bid-Ask Spread %73.1118.05120.47105.5385.82
Gamma HHI0.420.170.680.260.53
Net GEX-276.0K-566.1K-77.1K-566.1K-412.2K
Net DEX86.0K-3.2M7.0M7.0M1.2M
Net VEX-20.3K-26.3K-15.4K-23.1K-15.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.851.580.911.07
Total Volume2,968.3331,2524,5044,4971,395
Total OI8,901.6677,1809,8128,3507,203

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$31.62$32.5021.5%6.6%17.4%20.8%23.2%5.6%-0.2%-566.1K7.0M-23.1K0.91105.53N/AN/A2,3512,1461,3586,992
2018-04-03$32.20$32.0021.3%6.2%18.4%20.5%22.1%6.3%-0.2%-170.0K3.1M-26.3K0.9840.09N/AN/A2,2732,2312,8736,817
2018-04-04$32.30$32.0019.1%5.6%17.1%16.8%22.0%6.1%-0.3%-159.0K2.8M-25.4K0.8950.42N/AN/A2,2782,0352,8756,899
2018-04-05$32.66$31.0019.6%5.1%17.2%17.6%19.2%5.4%-0.7%-124.1K1.6M-25.8K0.8937.43N/AN/A2,2251,9862,8816,899
2018-04-06$32.55$31.0019.6%5.4%17.2%17.6%20.1%5.7%0.1%-124.1K1.6M-25.2K0.9065.68N/AN/A2,2181,9952,9026,910
2018-04-09$33.00$31.0018.4%5.6%17.8%15.6%20.6%4.8%1.3%-127.6K386.4K-24.0K1.1569.21N/AN/A1,6001,8362,8656,649
2018-04-10$33.32$31.0019.1%5.2%18.1%16.7%19.1%4.0%-1.6%-130.9K-804.5K-23.0K1.2563.73N/AN/A1,6012,0022,8736,659
2018-04-11$33.05$31.0017.2%5.0%18.4%13.5%17.6%5.6%0.4%-77.1K-77.0K-21.7K1.30107.43N/AN/A1,4481,8802,8936,795
2018-04-12$33.36$31.0017.8%4.9%18.4%14.5%16.9%6.9%0.7%-110.0K-1.1M-22.0K1.2757.08N/AN/A1,4481,8432,9066,770
2018-04-13$33.40$31.0016.1%4.9%18.3%11.6%17.1%5.0%1.4%-149.5K-1.4M-21.0K1.28103.08N/AN/A1,4501,8572,9066,771
2018-04-16$33.61$31.0015.2%4.3%18.3%10.2%16.9%4.7%1.2%-233.1K-1.9M-18.4K1.5423.66N/AN/A1,1861,8252,8586,737
2018-04-17$33.97$31.0014.5%4.2%18.3%9.0%16.9%4.6%0.6%-288.5K-2.6M-18.4K1.5639.68N/AN/A1,2021,8792,8586,768
2018-04-18$34.13$31.0014.5%4.2%18.3%9.1%14.4%3.3%-0.3%-325.8K-3.2M-17.8K1.5818.05N/AN/A1,2081,9062,8736,814
2018-04-19$34.13$31.0014.5%4.2%18.3%9.0%15.9%3.5%-0.1%-319.6K-2.3M-17.3K1.52115.35N/AN/A1,2041,8272,6246,804
2018-04-20$34.02$31.0014.7%4.2%15.4%9.3%16.0%2.3%0.2%-346.6K-2.1M-17.9K1.52111.55N/AN/A1,2041,8252,6416,839
2018-04-23$34.13$31.0014.6%4.3%15.4%9.2%15.8%4.3%-0.3%-402.0K-651.5K-17.2K0.85106.95N/AN/A6765761,8555,325
2018-04-24$33.97$31.0015.2%4.7%15.4%10.3%17.2%4.9%0.4%-377.6K-400.2K-17.2K1.0688.10N/AN/A6777201,8505,335
2018-04-25$33.78$31.0014.9%4.2%14.2%9.8%13.2%8.3%7.2%-413.2K431.4K-17.4K1.0846.78N/AN/A6777331,8505,478
2018-04-26$33.93$32.0015.2%4.0%13.5%10.2%14.6%0.7%-0.4%-496.5K54.1K-16.2K1.0879.29N/AN/A6777281,8505,511
2018-04-27$33.73$32.0014.3%4.1%13.7%8.7%14.4%-23.5%-0.3%-441.9K296.9K-15.7K1.02120.47N/AN/A7467611,8515,518
2018-04-30$33.58$32.0032.6%4.2%11.8%39.5%14.1%1.3%-1.8%-412.2K1.2M-15.4K1.0785.82N/AN/A6757201,7445,459