EWI Options History — May 2021

In May 2021, EWI traded between $31.46 and $33.56. ATM implied volatility averaged 20.0%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 0.4% (HV 20d: 19.6%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.39.

Notable Days

  • 2021-05-27: Highest Volume — 2,015 contracts
  • 2021-05-11: Largest IV spike — 38.8% change
  • 2021-05-12: Highest IV Rank — 37.3%
  • 2021-05-12: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.72$31.46$33.56$32.19$33.56
Max Pain$30.75$30.00$35.00$35.00$30.00
ATM IV20.0%16.0%24.6%19.1%16.0%
Expected Move5.8%4.6%7.1%5.5%4.6%
HV 20d19.6%16.9%20.7%16.9%19.3%
HV 60d16.1%14.7%16.8%14.7%16.3%
IV Rank24.6%13.8%37.3%22.3%13.8%
IV Percentile16.9%2.4%44.0%11.9%2.4%
Term Structure3.5%-3.0%35.8%-0.4%-0.4%
VWIV22.4%16.3%63.5%18.1%19.1%
Skew 25d6.0%1.9%11.3%10.6%4.0%
Skew 10d15.2%-2.1%47.0%5.2%47.0%
Call IV 25d16.7%11.6%21.5%13.4%14.5%
Put IV 25d22.7%18.0%27.2%24.0%18.5%
Bid-Ask Spread %79.6830.59102.46100.0968.98
Gamma HHI0.360.250.480.270.43
Net GEX437.6K155.8K1.1M214.5K1.1M
Net DEX1.9M-8.5M5.8M5.2M-8.5M
Net VEX-12.0K-19.6K-9.0K-10.7K-19.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.003.471.673.47
Total Volume210.982,015867
Total OI6,946.053,2828,4107,3125,353

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$32.19$35.0019.1%5.5%16.9%22.3%18.1%10.6%-0.4%214.5K5.2M-10.7K1.67100.09N/AN/A354,3652,947
2021-05-04$31.46$35.0022.2%6.4%17.8%30.5%19.5%9.3%-2.4%155.8K5.8M-9.6K0.3080.52N/AN/A33104,3622,946
2021-05-05$32.05$35.0021.3%6.1%19.1%28.3%0.0%11.3%-2.3%194.9K5.4M-9.8K0.0088.28N/AN/A1304,3952,949
2021-05-06$32.30$30.0018.8%5.8%19.1%21.2%19.3%4.0%1.6%219.8K5.4M-9.0K0.0048.15N/AN/A5604,3922,949
2021-05-07$32.72$30.0016.4%5.1%19.5%14.7%17.0%5.4%3.2%238.9K5.1M-9.2K0.0040.93N/AN/A1,10714,4142,949
2021-05-10$32.75$30.0017.4%5.6%19.5%17.5%0.0%2.7%0.8%427.9K3.8M-13.8K0.0087.18N/AN/A3505,3342,949
2021-05-11$32.38$30.0024.1%6.4%19.4%35.9%22.9%5.5%-0.4%385.3K4.3M-13.3K0.0165.15N/AN/A9215,3562,949
2021-05-12$32.02$30.0024.6%7.1%19.7%37.3%21.5%5.7%-3.0%351.8K4.5M-13.1K0.0430.59N/AN/A4625,4262,949
2021-05-13$32.39$30.0022.4%6.4%20.1%31.2%16.3%4.6%-1.6%414.9K4.3M-12.8K0.0088.83N/AN/A5605,4462,950
2021-05-14$32.91$30.0019.6%5.6%20.3%23.5%20.8%5.1%1.5%493.5K3.6M-12.7K0.0185.83N/AN/A17015,4602,950
2021-05-17$33.02$30.0019.7%5.7%20.3%23.9%19.6%6.2%0.7%479.5K3.6M-12.3K0.0078.33N/AN/A2005,3972,950
2021-05-18$33.01$30.0019.0%5.5%18.8%22.0%21.4%7.7%2.2%470.5K3.5M-12.5K0.5097.36N/AN/A1055,4022,950
2021-05-19$32.42$30.0023.3%6.7%20.0%33.6%23.2%6.8%6.6%399.7K4.3M-12.3K0.70100.77N/AN/A43305,4002,953
2021-05-20$32.85$30.0022.1%6.3%20.4%30.3%17.6%7.7%35.8%469.1K3.9M-12.1K0.00102.46N/AN/A5705,4252,983
2021-05-21$33.14$30.0019.6%5.6%20.2%23.6%22.9%3.3%11.2%536.4K3.5M-12.5K0.0099.48N/AN/A3105,4182,983
2021-05-24$33.34$30.0018.3%5.2%20.3%19.9%20.6%5.1%10.8%544.2K-5.0M-11.8K0.03100.13N/AN/A11632,863445
2021-05-25$33.36$30.0018.7%5.4%20.3%21.0%22.4%6.1%3.1%543.7K-5.2M-11.5K0.6599.41N/AN/A54352,866447
2021-05-26$33.10$30.0017.9%5.1%20.5%18.9%18.1%1.9%0.7%539.6K-4.5M-11.0K0.4098.83N/AN/A72292,816466
2021-05-27$33.49$30.0019.0%5.5%20.7%22.0%63.5%6.8%1.3%573.0K-5.3M-10.4K0.0032.40N/AN/A2,01502,871496
2021-05-28$33.56$30.0016.0%4.6%19.3%13.8%19.1%4.0%-0.4%1.1M-8.5M-19.6K3.4768.98N/AN/A15524,857496