EWI Options History — May 2019

In May 2019, EWI traded between $25.94 and $28.12. ATM implied volatility averaged 20.8%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 7.1% (HV 20d: 13.8%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 9.70.

Notable Days

  • 2019-05-17: Highest Volume — 420 contracts
  • 2019-05-07: Largest IV spike — 23.9% change
  • 2019-05-23: Highest IV Rank — 29.4%
  • 2019-05-31: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.10$25.94$28.12$28.12$25.94
Max Pain$27.14$27.00$28.00$28.00$27.00
ATM IV20.8%15.9%24.2%15.9%23.2%
Expected Move6.5%4.3%7.5%4.7%7.5%
HV 20d13.8%10.0%16.5%10.2%16.3%
HV 60d13.1%12.3%14.1%12.7%14.0%
IV Rank19.2%3.6%29.4%3.6%26.4%
IV Percentile48.6%6.7%71.0%6.7%67.5%
Term Structure0.6%-1.4%3.6%1.9%-1.1%
VWIV24.4%11.1%30.5%26.7%25.5%
Skew 25d4.9%2.9%7.5%2.9%6.1%
Skew 10d12.4%4.2%20.3%6.2%13.1%
Call IV 25d18.4%13.4%20.8%15.4%20.8%
Put IV 25d23.3%17.5%27.1%18.3%27.0%
Bid-Ask Spread %98.5787.09116.21104.9897.45
Gamma HHI0.290.250.320.310.25
Net GEX-151.4K-189.0K-124.5K-127.0K-128.3K
Net DEX2.0M998.2K3.0M1.0M3.0M
Net VEX-9.0K-10.7K-7.7K-9.0K-8.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.700.4298.750.422.25
Total Volume127.51742074208
Total OI4,404.8184,2304,5944,2654,564

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$28.12$28.0015.9%4.7%10.2%3.6%26.7%2.9%1.9%-127.0K1.0M-9.0K0.42104.98N/AN/A52224153,850
2019-05-02$27.86$28.0017.3%5.2%10.0%6.8%17.1%3.3%-1.1%-124.5K1.3M-9.5K0.6399.65N/AN/A43274143,850
2019-05-03$28.12$28.0016.2%4.3%10.5%5.1%16.6%4.1%0.2%-129.1K998.2K-8.5K0.7293.75N/AN/A47344143,846
2019-05-06$27.80$27.0017.0%5.5%11.2%7.5%0.0%4.6%0.9%-152.1K1.4M-9.0K0.0092.10N/AN/A0174023,850
2019-05-07$27.31$27.0021.0%6.8%12.6%19.8%25.7%6.7%0.8%-136.4K1.7M-8.9K0.0093.47N/AN/A0664023,845
2019-05-08$27.47$27.0020.3%6.9%12.8%17.6%23.9%4.3%0.6%-145.3K1.6M-8.4K0.0098.96N/AN/A0734023,856
2019-05-09$27.30$27.0020.9%6.6%12.9%19.4%25.8%5.6%0.2%-147.8K1.8M-8.5K0.0094.09N/AN/A0804023,865
2019-05-10$27.34$27.0020.2%6.7%12.9%17.2%26.9%5.1%-1.4%-146.8K1.7M-8.9K7.50110.85N/AN/A4304023,872
2019-05-13$26.78$27.0022.0%7.0%13.9%22.9%11.1%5.0%2.5%-139.6K2.2M-8.4K1.15114.36N/AN/A20233833,852
2019-05-14$26.98$27.0020.3%6.6%14.3%17.5%22.4%3.8%2.6%-144.4K2.0M-8.3K1.7995.70N/AN/A871563913,839
2019-05-15$26.99$27.0019.4%6.5%14.4%15.0%24.6%3.0%2.8%-148.3K2.0M-7.7K0.0099.20N/AN/A03803913,844
2019-05-16$27.18$27.0019.9%6.4%14.4%16.5%23.1%3.9%3.6%-189.0K2.2M-10.2K98.75103.50N/AN/A43953914,203
2019-05-17$27.10$27.0020.8%6.5%14.1%19.1%26.0%3.7%2.9%-185.1K2.3M-10.7K34.00100.58N/AN/A124083934,198
2019-05-20$27.03$27.0022.8%6.6%14.0%25.1%26.1%5.1%0.4%-168.4K2.3M-10.1K3.4087.09N/AN/A10343734,155
2019-05-21$27.20$27.0022.6%6.6%14.3%24.5%27.6%6.0%-0.3%-177.1K2.1M-10.0K2.4389.24N/AN/A14343834,163
2019-05-22$27.05$27.0022.5%6.5%13.7%24.4%27.0%3.2%-0.6%-180.1K2.2M-9.6K3.0090.24N/AN/A18543854,163
2019-05-23$26.54$27.0024.2%7.0%14.9%29.4%30.5%6.2%0.5%-157.5K2.7M-9.4K2.8990.98N/AN/A18523874,154
2019-05-24$26.97$27.0022.7%6.6%16.3%24.8%24.6%4.6%-0.0%-180.1K2.3M-9.4K3.17101.94N/AN/A18573874,154
2019-05-28$26.61$27.0023.8%7.2%16.5%28.1%26.6%7.5%0.0%-154.8K2.6M-9.1K1.05116.21N/AN/A40423854,153
2019-05-29$26.34$27.0022.9%7.2%16.3%25.5%27.7%6.0%-1.4%-137.5K2.8M-8.3K0.7294.80N/AN/A60434254,129
2019-05-30$26.15$27.0022.9%7.1%16.3%25.7%26.8%6.3%-1.4%-131.3K2.9M-8.3K1.0599.46N/AN/A60634354,139
2019-05-31$25.94$27.0023.2%7.5%16.3%26.4%25.5%6.1%-1.1%-128.3K3.0M-8.0K2.2597.45N/AN/A641444304,134