EWI Options History — February 2019

In February 2019, EWI traded between $25.56 and $27.14. ATM implied volatility averaged 18.9%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 3.6% (HV 20d: 15.4%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 4.77.

Notable Days

  • 2019-02-28: Highest Volume — 690 contracts
  • 2019-02-07: Largest IV spike — 22.4% change
  • 2019-02-14: Highest IV Rank — 16.9%
  • 2019-02-14: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.33$25.56$27.14$25.94$27.14
Max Pain$27.00$27.00$27.00$27.00$27.00
ATM IV18.9%17.2%21.2%17.5%18.3%
Expected Move5.5%4.7%6.1%5.5%4.7%
HV 20d15.4%13.7%18.5%18.5%14.2%
HV 60d20.4%19.4%21.0%20.9%19.4%
IV Rank11.0%5.2%16.9%5.9%9.8%
IV Percentile24.0%12.7%44.0%14.7%18.3%
Term Structure0.2%-1.9%2.6%0.2%-0.1%
VWIV19.3%12.3%22.3%18.6%21.0%
Skew 25d5.0%3.1%8.3%6.7%3.4%
Skew 10d6.5%2.5%11.6%4.3%5.8%
Call IV 25d16.0%12.8%18.3%12.8%15.8%
Put IV 25d20.9%19.2%23.8%19.4%19.2%
Bid-Ask Spread %105.1892.65122.44122.4498.76
Gamma HHI0.190.150.370.200.37
Net GEX-93.3K-126.9K-61.8K-106.5K-126.9K
Net DEX848.4K368.2K1.4M1.1M376.4K
Net VEX-8.8K-10.6K-6.8K-9.3K-6.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.770.2221.093.5112.27
Total Volume153.78924690257690
Total OI3,987.3163,9024,3484,1484,348

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$25.94$27.0017.5%5.5%18.5%5.9%18.6%6.7%0.2%-106.5K1.1M-9.3K3.51122.44N/AN/A572004273,721
2019-02-04$26.11$27.0018.4%5.6%14.3%7.6%19.8%3.7%1.2%-105.9K1.1M-9.6K0.00101.25N/AN/A0354233,479
2019-02-05$26.27$27.0017.2%5.5%13.8%5.2%12.3%5.5%2.6%-101.3K943.6K-8.9K1.09115.15N/AN/A34374423,482
2019-02-06$26.31$27.0017.2%5.6%13.7%6.2%20.5%6.1%2.1%-99.9K920.7K-8.8K0.00110.97N/AN/A0244423,514
2019-02-07$25.71$27.0021.1%6.0%15.8%16.7%21.7%8.3%-1.0%-108.6K1.2M-9.1K21.0999.56N/AN/A112324423,523
2019-02-08$25.56$27.0020.8%5.7%15.7%16.0%22.3%5.8%-1.1%-113.3K1.4M-10.6K5.00108.36N/AN/A331654513,518
2019-02-11$25.59$27.0019.6%5.4%15.3%13.2%20.1%5.4%2.3%-110.1K1.3M-10.0K4.50107.93N/AN/A6274413,497
2019-02-12$26.02$27.0019.7%5.7%16.3%13.2%18.8%4.3%-0.8%-105.5K1.0M-9.5K3.0792.65N/AN/A14434473,516
2019-02-13$26.09$27.0018.6%5.3%16.2%10.7%18.2%6.5%0.6%-101.3K951.0K-9.1K3.93103.53N/AN/A14554553,525
2019-02-14$26.04$27.0021.2%6.1%15.8%16.9%21.0%4.5%-1.0%-110.0K1.0M-9.6K1.7694.80N/AN/A29514553,530
2019-02-15$26.45$27.0019.8%5.8%16.5%13.5%20.0%8.0%-1.9%-83.6K783.5K-9.3K2.1099.62N/AN/A29614643,533
2019-02-19$26.61$27.0018.9%5.5%16.5%11.3%19.5%4.6%1.2%-80.9K685.5K-8.8K0.2297.23N/AN/A46104563,477
2019-02-20$26.69$27.0019.0%5.4%15.1%11.5%17.9%3.6%0.2%-75.7K594.0K-8.6K0.38108.78N/AN/A61234823,478
2019-02-21$26.49$27.0019.2%5.5%15.5%12.1%19.7%3.8%-0.1%-78.6K691.6K-8.6K0.37107.78N/AN/A63234923,489
2019-02-22$26.60$27.0018.9%5.3%15.5%11.3%18.1%3.1%-0.6%-76.8K636.0K-8.3K0.4295.66N/AN/A59254923,490
2019-02-25$26.80$27.0018.0%5.2%14.5%9.0%16.3%3.5%0.3%-64.8K446.1K-7.6K3.69112.67N/AN/A16594923,479
2019-02-26$26.96$27.0017.5%4.9%14.4%8.0%20.3%3.8%-0.1%-61.8K368.2K-6.9K3.8398.95N/AN/A351344853,449
2019-02-27$26.91$27.0018.6%5.4%14.3%10.5%21.5%3.5%0.1%-62.0K436.0K-7.6K13.89122.34N/AN/A354864953,428
2019-02-28$27.14$27.0018.3%4.7%14.2%9.8%21.0%3.4%-0.1%-126.9K376.4K-6.8K12.2798.76N/AN/A526384953,853