EWI Options History — April 2021

In April 2021, EWI traded between $31.52 and $32.41. ATM implied volatility averaged 16.9%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 2.1% (HV 20d: 14.8%). Max pain ranged from $31.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 2.15.

Notable Days

  • 2021-04-14: Highest Volume — 10,026 contracts
  • 2021-04-05: Largest IV spike — 101.5% change
  • 2021-04-05: Highest IV Rank — 23.3%
  • 2021-04-05: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.99$31.52$32.41$31.74$31.52
Max Pain$33.71$31.00$40.00$40.00$35.00
ATM IV16.9%11.0%22.1%11.0%19.2%
Expected Move5.4%3.1%13.9%3.1%5.5%
HV 20d14.8%12.3%16.8%12.3%16.8%
HV 60d16.3%13.9%17.4%16.9%14.3%
IV Rank14.9%0.0%23.3%0.0%22.4%
IV Percentile4.2%0.0%12.3%0.0%11.9%
Term Structure1.1%-32.4%9.2%6.3%-0.7%
VWIV17.2%11.1%29.2%29.2%17.2%
Skew 25d3.7%-12.2%9.5%3.4%5.7%
Skew 10d12.1%1.9%47.5%47.5%9.8%
Call IV 25d16.6%9.2%67.0%12.0%13.5%
Put IV 25d20.3%12.9%54.8%15.4%19.2%
Bid-Ask Spread %75.5138.13138.1764.5754.88
Gamma HHI0.210.200.240.210.21
Net GEX151.4K130.3K170.1K141.3K142.1K
Net DEX5.0M4.1M6.7M4.5M5.9M
Net VEX-10.9K-16.8K-8.7K-8.8K-9.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.150.0035.0035.000.13
Total Volume738.286010,026108207
Total OI6,743.195,8628,1375,8627,116

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$31.74$40.0011.0%3.1%12.3%0.0%0.0%3.4%6.3%141.3K4.5M-8.8K35.0064.57N/AN/A31053,5072,355
2021-04-05$32.40$31.0022.1%13.9%13.5%23.3%29.2%-12.2%-32.4%130.3K4.3M-8.7K0.00138.17N/AN/A9603,5062,450
2021-04-06$31.87$31.0017.9%5.5%14.7%15.5%14.3%6.2%0.5%133.9K4.3M-9.7K0.0049.60N/AN/A4403,5892,450
2021-04-07$31.96$31.0016.4%5.1%14.5%12.3%16.7%5.9%1.2%143.6K4.2M-10.1K0.0096.50N/AN/A203,6302,450
2021-04-08$31.80$31.0017.3%5.0%14.3%14.1%17.4%3.2%2.4%147.9K4.2M-9.9K0.0850.67N/AN/A1313,6292,450
2021-04-09$31.65$31.0014.9%5.2%14.0%9.6%20.5%5.1%1.0%152.7K4.4M-9.3K0.0038.13N/AN/A053,6412,450
2021-04-12$31.63$31.0013.9%5.2%14.0%7.2%0.0%0.9%0.2%157.3K4.2M-9.5K0.0078.43N/AN/A003,6812,453
2021-04-13$32.08$31.0017.9%5.1%14.7%16.9%17.0%5.9%6.3%155.5K4.1M-10.0K0.9580.46N/AN/A2,4042,2883,6812,453
2021-04-14$31.90$31.0018.1%5.2%14.9%17.2%18.2%3.5%3.5%164.2K4.2M-9.6K0.9982.05N/AN/A5,0265,0003,6842,453
2021-04-15$31.96$35.0016.6%4.8%14.6%13.7%0.0%4.1%3.3%170.1K6.7M-14.0K0.31101.47N/AN/A1344,6843,453
2021-04-16$32.41$35.0018.4%5.3%14.3%18.8%0.0%3.8%7.6%161.6K6.0M-16.8K0.00100.50N/AN/A1804,6583,455
2021-04-19$32.34$35.0015.4%4.4%14.4%11.2%12.7%4.6%6.1%144.9K5.0M-14.3K0.5162.97N/AN/A39204,1202,909
2021-04-20$31.70$35.0014.8%4.3%16.3%9.9%16.2%0.6%1.7%136.6K5.4M-12.6K0.0053.79N/AN/A1304,1372,929
2021-04-21$31.90$35.0017.2%4.9%15.1%15.8%0.0%9.5%0.0%151.4K5.6M-11.3K0.0065.23N/AN/A0504,1482,929
2021-04-22$31.86$35.0018.4%5.3%15.1%18.7%0.0%5.2%2.2%145.2K5.7M-10.9K0.6755.99N/AN/A324,1482,934
2021-04-23$32.24$35.0016.9%4.9%15.5%16.3%14.2%7.9%2.7%159.1K5.3M-11.7K0.0091.77N/AN/A1604,1452,932
2021-04-26$32.31$35.0018.7%5.4%15.4%21.0%0.0%6.5%0.1%160.8K5.3M-11.4K0.0074.36N/AN/A1004,1522,927
2021-04-27$32.24$35.0017.7%5.1%15.5%18.2%16.1%6.0%2.1%160.6K5.4M-10.8K0.0078.86N/AN/A1404,1622,927
2021-04-28$32.26$35.0014.4%4.1%15.5%9.3%11.1%4.8%9.2%159.9K5.3M-10.8K0.00105.86N/AN/A2404,1762,927
2021-04-29$32.09$35.0018.7%5.4%15.7%21.2%19.4%-2.5%-0.7%160.1K5.6M-9.9K0.0661.54N/AN/A7954,2002,927
2021-04-30$31.52$35.0019.2%5.5%16.8%22.4%17.2%5.7%-0.7%142.1K5.9M-9.4K0.1354.88N/AN/A184234,1842,932