EWI Options History — March 2019

In March 2019, EWI traded between $26.79 and $28.24. ATM implied volatility averaged 18.3%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 5.3% (HV 20d: 13.1%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 5.04.

Notable Days

  • 2019-03-01: Highest Volume — 773 contracts
  • 2019-03-22: Largest IV spike — 11.9% change
  • 2019-03-25: Highest IV Rank — 14.9%
  • 2019-03-12: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.46$26.79$28.24$27.30$27.74
Max Pain$27.42$27.00$28.00$27.00$28.00
ATM IV18.3%16.5%20.3%16.6%19.3%
Expected Move5.5%4.9%6.4%4.9%5.4%
HV 20d13.1%11.0%15.6%14.0%14.2%
HV 60d16.8%15.4%18.8%18.8%15.4%
IV Rank9.9%5.4%14.9%5.7%12.4%
IV Percentile23.4%10.7%45.6%11.1%32.1%
Term Structure0.1%-1.2%1.2%1.2%0.1%
VWIV20.5%12.1%23.7%12.1%22.5%
Skew 25d3.6%1.7%5.3%1.7%5.0%
Skew 10d8.6%1.5%17.1%1.5%12.3%
Call IV 25d16.9%14.8%18.2%16.5%16.9%
Put IV 25d20.5%18.2%23.5%18.2%21.9%
Bid-Ask Spread %99.7577.55125.02125.02115.89
Gamma HHI0.250.110.440.360.25
Net GEX-105.0K-211.7K-33.8K-113.3K-95.5K
Net DEX639.9K91.5K1.1M359.9K902.9K
Net VEX-8.0K-9.8K-5.7K-7.5K-9.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.040.2317.435.391.44
Total Volume186.6191977377361
Total OI4,256.5243,3654,7394,5203,938

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$27.30$27.0016.6%4.9%14.0%5.7%12.1%1.7%1.2%-113.3K359.9K-7.5K5.39125.02N/AN/A1216525154,005
2019-03-04$27.12$27.0018.2%5.5%13.9%9.7%19.7%2.9%-0.0%-143.2K587.5K-7.5K2.95117.09N/AN/A421245084,089
2019-03-05$27.13$27.0018.3%4.9%13.8%9.7%17.5%1.8%0.2%-142.3K578.5K-7.8K1.56100.70N/AN/A821285264,167
2019-03-06$27.36$27.0018.3%5.2%13.9%9.8%20.4%3.0%0.3%-145.2K541.5K-8.3K1.6193.41N/AN/A831345114,193
2019-03-07$26.88$27.0019.7%6.0%15.6%13.2%20.3%3.3%-0.6%-183.6K978.7K-8.6K1.15116.96N/AN/A1161335114,193
2019-03-08$26.79$27.0018.5%5.3%12.8%10.5%17.8%3.3%-0.4%-211.7K1.1M-8.7K0.98117.80N/AN/A1211195364,203
2019-03-11$26.96$27.0018.3%6.3%12.6%9.8%22.2%4.8%-0.0%-150.2K705.0K-7.7K0.4484.52N/AN/A1675234,198
2019-03-12$26.98$27.0018.7%6.4%12.6%10.8%22.5%4.9%-0.1%-156.9K697.0K-7.2K0.2485.32N/AN/A63155194,203
2019-03-13$27.23$27.0017.4%6.2%11.7%7.8%23.1%2.4%1.0%-66.1K477.0K-7.4K0.2377.55N/AN/A71165124,192
2019-03-14$27.34$27.0017.5%6.3%11.7%8.0%23.2%2.0%1.2%-42.2K330.0K-6.4K0.2489.69N/AN/A67164954,191
2019-03-15$27.51$27.0016.9%5.6%11.7%6.5%20.4%2.6%-0.4%-33.8K257.2K-6.3K0.4392.33N/AN/A100434934,191
2019-03-18$27.86$0.0016.5%5.0%11.3%5.4%0.0%3.4%0.7%-46.3K91.5K-5.7K11.39112.45N/AN/A182053573,008
2019-03-19$27.97$0.0017.4%5.1%11.3%7.7%17.6%3.0%0.6%-57.7K289.1K-7.2K17.21108.10N/AN/A142413753,212
2019-03-20$28.24$28.0016.8%5.1%11.5%6.0%17.8%3.4%-1.2%-73.5K454.9K-8.5K17.43109.83N/AN/A142443753,421
2019-03-21$28.19$28.0018.0%5.3%11.0%9.1%20.6%5.3%0.1%-79.7K557.6K-8.9K13.9092.13N/AN/A202783753,421
2019-03-22$27.56$28.0020.1%5.6%14.3%14.4%20.0%5.2%-1.0%-75.3K790.0K-8.4K16.0896.61N/AN/A254023743,432
2019-03-25$27.60$28.0020.3%5.7%14.1%14.9%23.7%4.1%0.1%-96.1K988.4K-9.8K0.0089.08N/AN/A0193803,518
2019-03-26$27.61$28.0019.1%5.4%14.0%11.7%22.5%4.1%0.6%-100.2K960.9K-9.5K0.0087.33N/AN/A0193803,525
2019-03-27$27.78$28.0018.6%5.6%14.1%10.6%23.2%5.2%1.2%-102.2K913.2K-9.5K1.7593.48N/AN/A12213803,525
2019-03-28$27.57$28.0020.2%5.4%14.2%14.5%23.0%4.7%-0.7%-90.1K921.2K-8.5K1.2889.56N/AN/A25323903,527
2019-03-29$27.74$28.0019.3%5.4%14.2%12.4%22.5%5.0%0.1%-95.5K902.9K-9.2K1.44115.89N/AN/A25364023,536