EWI Options History — July 2019

In July 2019, EWI traded between $27.03 and $28.55. ATM implied volatility averaged 16.6%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 1.2% (HV 20d: 17.8%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 16.32.

Notable Days

  • 2019-07-26: Highest Volume — 461 contracts
  • 2019-07-03: Largest IV drop — 14.0% change
  • 2019-07-31: Highest IV Rank — 27.0%
  • 2019-07-31: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.98$27.03$28.55$27.38$27.03
Max Pain$27.00$27.00$27.00$27.00$27.00
ATM IV16.6%14.3%19.4%16.3%19.4%
Expected Move4.8%3.8%5.7%4.2%5.7%
HV 20d17.8%13.1%20.2%20.2%18.0%
HV 60d17.5%16.3%18.4%16.3%18.3%
IV Rank12.2%0.0%27.0%9.7%27.0%
IV Percentile14.0%0.0%40.9%7.1%40.9%
Term Structure0.1%-1.4%1.8%0.1%0.9%
VWIV17.6%14.0%20.4%14.0%15.7%
Skew 25d3.6%2.5%5.4%3.8%4.5%
Skew 10d7.0%2.9%14.2%7.5%12.6%
Call IV 25d15.1%12.8%17.7%15.2%17.1%
Put IV 25d18.7%16.7%21.5%19.0%21.5%
Bid-Ask Spread %105.1290.71127.49118.77119.47
Gamma HHI0.330.300.370.350.37
Net GEX-398.3K-495.8K-340.2K-416.1K-495.7K
Net DEX3.4M2.5M4.9M4.3M4.9M
Net VEX-18.6K-21.7K-16.5K-20.6K-20.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio16.320.6957.209.007.00
Total Volume124.18234613024
Total OI5,105.9094,9215,4184,9215,417

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$27.38$27.0016.3%4.2%20.2%9.7%0.0%3.8%0.1%-416.1K4.3M-20.6K9.00118.77N/AN/A3271194,802
2019-07-02$27.62$27.0016.7%4.5%18.8%11.6%0.0%2.7%0.3%-424.6K4.2M-21.7K26.33112.07N/AN/A3791225,037
2019-07-03$28.26$27.0014.3%3.8%20.0%0.0%14.0%3.6%0.1%-385.6K3.3M-19.9K23.60108.11N/AN/A51181225,038
2019-07-05$28.22$27.0016.3%4.8%19.9%10.4%18.4%3.7%0.3%-383.4K3.3M-19.8K57.2095.82N/AN/A52861225,041
2019-07-08$28.10$27.0016.7%4.7%19.7%12.8%0.0%3.7%-0.5%-378.1K3.2M-19.1K0.0095.83N/AN/A01111214,901
2019-07-09$28.01$27.0016.1%4.8%19.8%9.6%0.0%3.6%1.0%-381.5K3.3M-19.7K0.0097.33N/AN/A0951214,909
2019-07-10$28.41$27.0015.3%4.9%20.2%5.3%0.0%3.3%1.8%-353.3K2.8M-18.0K13.70127.49N/AN/A101371214,899
2019-07-11$28.54$27.0015.8%4.5%19.7%8.2%0.0%2.8%-0.4%-340.2K2.5M-17.2K14.80110.80N/AN/A101481314,885
2019-07-12$28.55$27.0015.4%4.2%19.6%6.0%20.4%3.2%-1.2%-342.7K2.6M-17.7K12.50110.79N/AN/A121501314,879
2019-07-15$28.51$27.0014.9%4.2%19.5%3.3%0.0%5.4%1.4%-348.1K2.5M-16.5K0.00103.53N/AN/A041304,840
2019-07-16$28.37$27.0016.8%4.8%14.4%13.3%0.0%4.8%-1.3%-359.7K2.8M-17.3K0.00101.49N/AN/A051304,844
2019-07-17$28.23$27.0017.4%5.0%13.2%16.7%0.0%3.7%0.1%-372.5K2.8M-17.3K0.0099.37N/AN/A0201304,843
2019-07-18$28.45$27.0016.7%4.8%13.1%12.9%0.0%4.6%-1.4%-353.2K2.7M-17.0K28.00111.34N/AN/A1281314,856
2019-07-19$27.62$27.0017.9%5.1%16.7%19.0%17.5%2.8%0.6%-410.9K3.7M-19.3K0.69101.69N/AN/A62431314,854
2019-07-22$27.80$27.0017.7%5.1%16.7%18.2%0.0%2.5%-0.2%-397.5K3.5M-18.5K0.00103.69N/AN/A031924,801
2019-07-23$28.05$27.0016.2%4.7%17.0%9.9%18.5%2.5%0.4%-394.5K3.2M-17.1K0.0095.23N/AN/A02151924,802
2019-07-24$28.13$27.0016.2%4.9%16.3%10.2%18.2%3.1%0.3%-396.2K3.1M-17.3K10.17101.83N/AN/A242441924,974
2019-07-25$27.81$27.0016.9%4.9%16.8%13.9%17.8%3.4%-0.4%-426.2K3.5M-18.2K1.82113.42N/AN/A1252282165,008
2019-07-26$27.77$27.0015.5%4.4%16.8%6.3%15.7%4.3%-0.1%-445.5K3.6M-18.4K2.69100.27N/AN/A1253362965,014
2019-07-29$27.65$27.0017.5%5.2%16.9%17.2%0.0%3.9%-0.3%-460.2K3.8M-19.0K0.0090.71N/AN/A0242965,122
2019-07-30$27.09$27.0019.3%5.6%18.3%26.9%0.0%3.8%-0.3%-495.8K4.8M-19.8K21.0093.54N/AN/A1212965,122
2019-07-31$27.03$27.0019.4%5.7%18.0%27.0%0.0%4.5%0.9%-495.7K4.9M-20.0K7.00119.47N/AN/A3212965,121