EWI Options History — April 2019

In April 2019, EWI traded between $27.90 and $28.59. ATM implied volatility averaged 16.7%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 4.8% (HV 20d: 12.0%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 4.03.

Notable Days

  • 2019-04-02: Highest Volume — 251 contracts
  • 2019-04-24: Largest IV spike — 11.2% change
  • 2019-04-09: Highest IV Rank — 10.2%
  • 2019-04-01: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.21$27.90$28.59$28.02$28.32
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV16.7%15.0%18.4%18.2%15.0%
Expected Move4.9%4.3%5.4%5.4%4.3%
HV 20d12.0%9.1%14.5%14.3%9.9%
HV 60d13.4%12.7%15.5%15.5%12.7%
IV Rank5.9%1.3%10.2%9.6%1.3%
IV Percentile12.6%0.8%25.0%20.2%0.8%
Term Structure0.3%-1.6%1.4%1.1%1.2%
VWIV23.3%15.7%55.7%20.6%55.7%
Skew 25d3.6%1.9%5.7%3.5%4.1%
Skew 10d8.6%3.2%15.3%11.9%8.4%
Call IV 25d15.0%12.1%17.2%17.2%13.9%
Put IV 25d18.6%16.3%21.0%20.7%18.0%
Bid-Ask Spread %102.4082.29126.83112.90100.68
Gamma HHI0.370.240.440.240.32
Net GEX-115.9K-138.4K-86.7K-86.7K-130.1K
Net DEX919.5K656.1K1.2M711.9K869.4K
Net VEX-9.6K-10.9K-8.7K-8.8K-8.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.030.0916.0012.330.45
Total Volume110.095025124071
Total OI4,195.3333,8944,2713,8944,237

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$28.02$28.0018.2%5.4%14.3%9.6%20.6%3.5%1.1%-86.7K711.9K-8.8K12.33112.90N/AN/A182223953,499
2019-04-02$27.98$28.0017.3%5.3%14.3%7.4%20.1%5.0%1.1%-108.3K1.0M-10.4K11.5594.98N/AN/A202313933,688
2019-04-03$28.27$28.0017.1%5.3%14.5%6.9%19.8%3.6%-0.1%-103.2K826.6K-10.0K1.91107.46N/AN/A771473953,692
2019-04-04$28.14$28.0017.6%5.1%12.8%8.1%18.6%3.5%-0.3%-109.9K1.1M-10.9K1.8282.29N/AN/A821494133,808
2019-04-05$28.24$28.0017.4%5.2%12.6%7.7%19.2%2.2%1.0%-117.6K971.1K-10.6K1.8598.32N/AN/A821524183,810
2019-04-08$28.34$28.0017.3%5.3%12.6%7.5%0.0%2.3%1.2%-108.6K824.8K-9.5K0.2592.96N/AN/A414083,815
2019-04-09$28.19$28.0018.4%5.4%12.8%10.2%0.0%3.3%0.2%-116.3K1.0M-10.5K0.9591.54N/AN/A22214093,816
2019-04-10$28.12$28.0017.6%5.2%12.7%8.3%0.0%3.2%0.5%-123.1K1.0M-10.6K2.35116.35N/AN/A23544253,836
2019-04-11$28.13$28.0016.4%4.7%12.6%5.1%0.0%3.9%0.0%-124.4K913.2K-9.5K1.8498.76N/AN/A32594273,836
2019-04-12$28.40$28.0015.6%4.6%12.9%3.2%0.0%1.9%0.6%-115.6K739.3K-9.7K0.33115.32N/AN/A40134353,836
2019-04-15$28.43$28.0015.8%4.7%12.2%3.8%0.0%4.9%-1.0%-111.4K677.7K-9.0K9.3398.65N/AN/A3284323,816
2019-04-16$28.38$28.0016.4%4.7%12.2%5.2%0.0%5.7%-1.6%-107.8K780.0K-9.5K9.33103.45N/AN/A3284303,808
2019-04-17$28.59$28.0015.1%4.3%12.0%2.1%0.0%4.7%0.7%-106.7K656.1K-9.2K16.00100.60N/AN/A3484303,808
2019-04-18$28.32$28.0015.8%4.6%12.5%3.7%15.7%2.7%-0.3%-112.9K875.6K-9.4K3.35120.72N/AN/A23774183,814
2019-04-22$28.40$28.0015.6%4.6%9.1%3.3%0.0%3.4%0.3%-116.9K861.4K-9.0K0.0098.71N/AN/A003983,738
2019-04-23$28.30$28.0015.8%4.6%9.3%3.6%0.0%2.7%-0.3%-114.8K918.4K-9.3K1.30113.89N/AN/A10133983,738
2019-04-24$27.90$28.0017.5%5.0%10.8%8.0%26.2%2.1%-0.4%-120.4K1.2M-9.0K1.6292.03N/AN/A61994083,725
2019-04-25$27.95$28.0017.5%5.0%10.6%7.9%18.7%2.7%1.4%-138.4K1.2M-9.4K1.6395.46N/AN/A671094263,821
2019-04-26$27.95$28.0016.6%4.8%10.2%5.8%18.2%4.2%0.3%-132.6K1.2M-9.5K2.32126.83N/AN/A591374263,831
2019-04-29$28.12$28.0016.6%4.9%10.2%5.6%0.0%5.1%0.9%-129.1K1.0M-8.9K0.0988.51N/AN/A2224113,835
2019-04-30$28.32$28.0015.0%4.3%9.9%1.3%55.7%4.1%1.2%-130.1K869.4K-8.7K0.45100.68N/AN/A49224013,836