EWI Options History — July 2021

In July 2021, EWI traded between $30.57 and $32.69. ATM implied volatility averaged 17.5%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 2.0% (HV 20d: 19.6%). Max pain ranged from $31.00 to $32.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 2.47.

Notable Days

  • 2021-07-23: Highest Volume — 1,614 contracts
  • 2021-07-16: Largest IV spike — 36.7% change
  • 2021-07-16: Highest IV Rank — 33.5%
  • 2021-07-16: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.02$30.57$32.69$32.55$32.47
Max Pain$31.90$31.00$32.00$31.00$32.00
ATM IV17.5%13.3%22.9%13.3%18.0%
Expected Move5.0%3.8%6.6%3.8%5.2%
HV 20d19.6%15.3%22.2%16.7%21.7%
HV 60d18.2%16.9%19.5%16.9%17.9%
IV Rank18.1%6.2%33.5%6.2%19.7%
IV Percentile17.4%0.4%43.3%0.4%22.6%
Term Structure0.7%-9.2%4.5%1.6%0.1%
VWIV18.8%10.5%23.4%10.5%17.9%
Skew 25d6.1%1.8%8.9%1.8%6.4%
Skew 10d11.7%-3.7%19.2%1.0%8.1%
Call IV 25d14.7%11.0%17.3%14.7%12.8%
Put IV 25d20.8%16.4%25.4%16.4%19.1%
Bid-Ask Spread %51.3515.06102.2223.3716.25
Gamma HHI0.270.160.450.370.45
Net GEX276.1K90.4K566.1K566.1K442.0K
Net DEX-2.3M-4.2M-886.7K-3.2M-3.8M
Net VEX-12.1K-16.4K-7.7K-15.0K-16.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.470.0017.002.002.00
Total Volume159.71411,61469
Total OI4,200.3332,4905,2015,1994,147

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$32.55$31.0013.3%3.8%16.7%6.2%10.5%1.8%1.6%566.1K-3.2M-15.0K2.0023.37N/AN/A244,828371
2021-07-02$32.50$31.0014.8%4.2%16.1%10.5%0.0%2.9%4.5%510.5K-3.0M-14.2K0.0081.91N/AN/A1104,826375
2021-07-06$32.34$32.0018.4%5.1%15.3%20.2%0.0%3.4%0.4%422.2K-2.7M-13.7K0.0083.95N/AN/A48104,816375
2021-07-07$32.36$32.0018.2%5.3%15.3%19.6%0.0%5.0%0.0%355.6K-2.5M-13.2K0.0081.31N/AN/A014,627375
2021-07-08$31.56$32.0014.8%5.2%17.1%10.6%0.0%5.8%2.5%196.3K-1.9M-12.0K0.1155.60N/AN/A1824,627375
2021-07-09$32.22$32.0020.0%5.2%18.5%24.7%0.0%7.6%0.6%310.8K-2.4M-12.4K0.3341.74N/AN/A60204,638377
2021-07-12$32.50$32.0017.9%5.1%18.8%19.0%18.2%8.3%0.4%292.3K-2.5M-12.3K0.4343.59N/AN/A42184,678376
2021-07-13$32.06$32.0020.2%4.9%19.3%25.3%0.0%6.6%0.9%188.3K-2.1M-12.5K0.5429.11N/AN/A26144,637481
2021-07-14$32.16$32.0016.5%4.7%19.3%15.0%0.0%5.5%1.8%167.4K-2.1M-12.2K0.0044.08N/AN/A074,663477
2021-07-15$31.70$32.0016.8%4.8%19.7%16.2%0.0%5.4%0.8%168.9K-1.8M-11.4K17.0046.15N/AN/A2344,663482
2021-07-16$31.49$32.0022.9%6.6%19.4%33.5%21.6%8.9%-9.2%153.4K-1.8M-11.4K0.03102.22N/AN/A657174,665471
2021-07-19$30.57$32.0019.7%5.6%20.7%24.4%23.4%8.3%1.1%101.4K-1.0M-8.4K0.23100.66N/AN/A56132,036454
2021-07-20$30.95$32.0019.3%5.5%20.4%23.4%18.9%7.7%1.7%90.4K-886.7K-7.7K0.0017.03N/AN/A0602,026505
2021-07-21$31.62$32.0016.9%4.9%22.2%16.7%21.7%6.5%0.9%114.9K-1.3M-8.5K1.5989.96N/AN/A27432,026565
2021-07-22$31.71$32.0016.4%4.7%21.9%15.2%23.0%6.2%0.6%121.8K-1.3M-8.2K0.0025.71N/AN/A0102,052563
2021-07-23$32.03$32.0016.2%4.6%21.5%14.7%16.0%4.8%1.3%140.4K-1.6M-8.9K0.0215.06N/AN/A1,590242,052563
2021-07-26$32.34$32.0017.8%5.1%21.8%19.2%17.6%7.2%0.7%151.2K-1.7M-9.1K0.0016.47N/AN/A0262,052563
2021-07-27$32.12$32.0018.6%5.3%21.5%21.4%19.3%6.5%0.1%407.5K-3.1M-15.3K0.0060.75N/AN/A0363,532588
2021-07-28$32.42$32.0016.4%4.7%21.8%15.1%18.0%5.9%1.9%424.7K-3.6M-16.0K10.3386.19N/AN/A3313,532613
2021-07-29$32.69$32.0014.7%4.2%21.7%10.4%0.0%7.5%1.9%472.8K-4.2M-16.4K0.0017.21N/AN/A0103,532603
2021-07-30$32.47$32.0018.0%5.2%21.7%19.7%17.9%6.4%0.1%442.0K-3.8M-16.1K2.0016.25N/AN/A363,529618