EWI Options History — February 2021

In February 2021, EWI traded between $28.70 and $30.89. ATM implied volatility averaged 24.3%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 2.8% (HV 20d: 21.5%). Max pain ranged from $27.00 to $32.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.73.

Notable Days

  • 2021-02-02: Highest Volume — 546 contracts
  • 2021-02-02: Largest IV drop — 43.8% change
  • 2021-02-01: Highest IV Rank — 41.9%
  • 2021-02-01: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.22$28.70$30.89$28.70$30.06
Max Pain$28.21$27.00$32.00$32.00$28.00
ATM IV24.3%18.8%46.6%46.6%25.6%
Expected Move7.0%5.4%13.4%13.4%7.3%
HV 20d21.5%16.0%23.1%22.1%16.0%
HV 60d18.3%17.0%20.5%20.4%17.0%
IV Rank11.2%0.0%41.9%41.9%9.3%
IV Percentile20.0%0.0%88.1%88.1%33.3%
Term Structure0.5%-9.4%3.8%-9.4%-1.6%
VWIV26.5%21.7%37.5%23.9%33.1%
Skew 25d6.4%-7.5%15.7%-7.5%11.1%
Skew 10d18.5%4.8%58.1%58.1%19.1%
Call IV 25d21.8%13.6%60.6%60.6%20.5%
Put IV 25d28.2%18.1%53.0%53.0%31.6%
Bid-Ask Spread %76.0435.65116.02116.0275.77
Gamma HHI0.300.190.640.200.22
Net GEX108.6K30.3K232.8K30.3K48.8K
Net DEX2.0M-2.1M4.6M3.4M-1.7M
Net VEX-6.7K-10.7K-4.2K-10.7K-6.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.003.230.081.00
Total Volume96.421054604
Total OI4,7711,7556,2325,5221,814

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$28.70$32.0046.6%13.4%22.1%41.9%0.0%-7.5%-9.4%30.3K3.4M-10.7K0.00116.02N/AN/A002,9182,604
2021-02-02$29.23$32.0026.2%7.5%22.8%15.9%23.9%8.5%1.5%35.2K4.6M-6.0K0.08106.03N/AN/A506402,9182,604
2021-02-03$29.59$32.0019.9%5.7%23.1%7.9%23.4%7.7%-7.3%141.8K3.7M-7.6K0.0144.24N/AN/A40943,3452,628
2021-02-04$29.95$27.0025.4%6.9%22.1%15.0%0.0%15.7%1.6%106.3K3.7M-7.2K0.0078.23N/AN/A2603,1722,628
2021-02-05$30.32$27.0021.1%6.7%22.6%9.4%21.7%7.3%1.8%123.6K2.7M-9.4K0.5472.97N/AN/A39213,1622,628
2021-02-08$30.76$27.0025.0%6.5%23.1%14.3%21.7%-1.3%-0.1%97.2K1.6M-9.5K0.7161.21N/AN/A753,1582,629
2021-02-09$30.68$27.0019.8%6.5%22.9%7.5%23.3%-2.1%1.9%122.9K2.6M-7.8K2.0081.93N/AN/A243,1592,630
2021-02-10$30.54$27.0023.8%6.8%22.9%12.7%32.1%-3.1%2.7%117.3K2.9M-7.3K3.23101.50N/AN/A13423,1582,634
2021-02-11$30.71$27.0025.0%7.2%23.0%12.7%37.5%7.2%3.8%133.0K2.9M-6.9K0.03107.78N/AN/A3613,1632,676
2021-02-12$30.89$27.0021.2%6.1%23.0%7.7%23.6%9.6%3.6%139.6K3.1M-6.4K0.2287.74N/AN/A923,1642,677
2021-02-16$30.69$27.0022.2%6.4%21.8%8.7%26.3%6.7%3.0%156.0K3.7M-4.3K0.1881.66N/AN/A122223,1682,679
2021-02-17$30.35$28.0024.3%7.0%22.0%11.1%24.3%8.0%2.1%176.0K4.1M-4.4K0.1844.49N/AN/A2243,2782,690
2021-02-18$30.21$28.0023.5%6.7%21.9%10.0%22.9%7.5%1.2%232.8K4.1M-4.2K0.0860.69N/AN/A235193,2902,691
2021-02-19$30.29$28.0021.9%6.3%21.8%7.4%25.0%8.2%1.9%202.1K3.8M-6.2K0.2969.53N/AN/A87253,5252,707
2021-02-22$30.26$28.0022.4%6.4%21.2%6.5%29.5%9.1%3.0%50.8K-1.9M-5.9K1.0035.65N/AN/A111,231524
2021-02-23$30.31$28.0022.8%6.5%19.8%4.2%31.0%10.7%1.1%50.3K-1.8M-5.7K2.7090.04N/AN/A20541,232525
2021-02-24$30.55$28.0018.8%5.4%19.5%0.0%23.1%5.9%1.1%51.6K-2.1M-5.3K0.0053.06N/AN/A0101,242577
2021-02-25$30.13$28.0026.6%7.6%16.9%10.7%27.4%11.5%-2.0%47.9K-1.8M-6.2K0.1876.21N/AN/A3461,242579
2021-02-26$30.06$28.0025.6%7.3%16.0%9.3%33.1%11.1%-1.6%48.8K-1.7M-6.0K1.0075.77N/AN/A221,237577