EWI Options History — August 2018

In August 2018, EWI traded between $26.75 and $29.28. ATM implied volatility averaged 19.5%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 0.0% (HV 20d: 19.5%). Max pain ranged from $29.00 to $32.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 5.61.

Notable Days

  • 2018-08-15: Highest Volume — 4,696 contracts
  • 2018-08-10: Largest IV spike — 24.0% change
  • 2018-08-15: Highest IV Rank — 25.7%
  • 2018-08-31: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.94$26.75$29.28$29.28$27.09
Max Pain$31.43$29.00$32.00$29.00$31.00
ATM IV19.5%15.4%24.4%15.4%23.2%
Expected Move5.7%4.4%6.9%4.4%6.9%
HV 20d19.5%13.7%23.5%14.8%23.1%
HV 60d22.5%19.8%24.4%22.9%20.3%
IV Rank17.5%10.5%25.7%10.5%23.6%
IV Percentile63.5%41.3%86.5%41.3%81.3%
Term Structure0.1%-1.5%1.5%-0.0%-0.3%
VWIV19.2%13.7%24.1%16.8%23.2%
Skew 25d4.7%2.3%7.5%2.6%6.2%
Skew 10d10.5%-5.9%16.9%-5.9%15.3%
Call IV 25d17.4%13.0%20.8%15.2%20.0%
Put IV 25d22.2%17.7%26.9%17.8%26.1%
Bid-Ask Spread %78.2533.86130.07130.07113.66
Gamma HHI0.280.140.620.310.33
Net GEX-684.6K-1.5M-252.8K-252.8K-511.6K
Net DEX8.9M2.3M21.9M2.3M5.9M
Net VEX-25.3K-36.2K-17.3K-36.2K-25.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.610.9613.106.194.02
Total Volume2,523.9571,7304,6962,2301,829
Total OI14,592.0877,40519,54218,4529,741

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$29.28$29.0015.4%4.4%14.8%10.5%16.8%2.6%-0.0%-252.8K2.3M-36.2K6.19130.07N/AN/A3101,9205,57012,882
2018-08-02$28.80$29.0017.4%4.9%15.1%13.9%16.4%4.1%-0.8%-907.6K8.2M-35.3K6.45105.70N/AN/A3102,0005,57012,882
2018-08-03$28.87$29.0017.1%4.8%15.0%13.4%15.5%6.0%0.3%-1.1M7.7M-34.9K6.39103.60N/AN/A3332,1285,56913,133
2018-08-06$28.76$32.0016.8%5.1%14.8%12.8%17.0%4.3%-0.2%-1.2M8.5M-32.0K5.6093.21N/AN/A3682,0595,62613,236
2018-08-07$29.21$32.0015.8%5.1%16.0%11.2%16.4%4.6%0.9%-436.1K2.7M-30.4K5.7066.01N/AN/A3702,1105,62613,238
2018-08-08$29.18$32.0016.7%5.0%13.7%12.8%17.1%3.7%-0.5%-597.9K3.2M-29.0K5.7065.29N/AN/A3702,1105,62513,296
2018-08-09$28.79$32.0016.0%5.0%14.4%11.5%13.7%2.3%0.3%-1.4M7.8M-27.1K5.7174.55N/AN/A3702,1115,62513,296
2018-08-10$27.77$32.0019.8%5.9%19.0%17.9%19.4%5.0%-0.1%-1.4M18.4M-23.1K6.6693.56N/AN/A3762,5035,62513,350
2018-08-13$27.59$32.0022.4%6.3%19.0%22.2%23.3%7.5%-0.7%-1.5M18.4M-20.7K6.4270.56N/AN/A3222,0685,57213,061
2018-08-14$27.49$32.0021.5%6.5%18.7%20.8%22.7%4.9%1.0%-1.4M19.8M-20.0K8.4082.89N/AN/A3222,7055,57113,150
2018-08-15$26.75$32.0024.4%6.7%20.6%25.7%24.1%5.1%-1.5%-518.3K21.9M-19.8K13.1085.35N/AN/A3334,3635,57113,971
2018-08-16$26.95$32.0021.7%6.0%21.0%21.1%22.2%5.9%-1.3%-517.4K20.4M-19.9K9.0240.83N/AN/A3493,1485,59913,684
2018-08-17$26.92$32.0021.4%6.2%20.7%20.7%19.5%5.3%0.5%-406.3K20.4M-19.6K8.4867.21N/AN/A3653,0975,59913,634
2018-08-20$27.15$32.0021.7%6.3%21.1%21.1%20.2%5.0%0.9%-400.5K5.4M-18.3K4.9664.21N/AN/A3231,6035936,812
2018-08-21$27.72$32.0019.9%5.7%22.6%18.1%17.8%4.5%0.5%-387.8K4.6M-17.3K4.3577.51N/AN/A3901,6956016,835
2018-08-22$27.69$32.0019.6%5.6%22.4%17.5%18.0%5.8%1.5%-388.7K4.6M-18.0K1.6677.53N/AN/A1,3922,3086546,916
2018-08-23$27.39$32.0019.9%5.7%22.6%18.0%19.3%4.5%0.7%-396.6K4.9M-26.8K0.9644.10N/AN/A1,3921,3351,6547,894
2018-08-24$27.77$32.0018.8%5.3%23.3%16.2%18.9%3.8%1.0%-392.5K4.1M-26.4K3.7834.97N/AN/A3931,4841,6548,070
2018-08-27$28.04$32.0019.7%5.7%23.5%17.7%19.4%4.2%0.6%-364.3K3.6M-25.4K4.0133.86N/AN/A3651,4631,6448,096
2018-08-28$27.80$31.0019.5%5.5%23.0%17.3%19.4%4.7%0.2%-413.6K3.6M-25.3K3.7470.60N/AN/A3651,3651,6447,976
2018-08-29$28.02$31.0019.5%6.0%22.5%17.4%21.1%4.6%-0.0%-388.5K3.3M-25.0K3.7596.85N/AN/A3661,3731,6447,990
2018-08-30$27.52$31.0021.3%6.2%22.6%20.4%21.4%4.5%0.3%-478.5K4.4M-25.7K3.92107.55N/AN/A3641,4261,6467,993
2018-08-31$27.09$31.0023.2%6.9%23.1%23.6%23.2%6.2%-0.3%-511.6K5.9M-25.9K4.02113.66N/AN/A3641,4651,6478,094