EWI Options History — January 2022

In January 2022, EWI traded between $31.67 and $33.75. ATM implied volatility averaged 22.0%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 8.4% (HV 20d: 13.6%). Max pain ranged from $25.00 to $33.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.41.

Notable Days

2022-01-21: Highest Volume — 305 contracts
2022-01-05: Largest IV spike — 54.2% change
2022-01-31: Highest IV Rank — 57.0%
2022-01-31: Largest Expected Move — 9.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.85	$31.67	$33.75	$33.31	$32.37
Max Pain	$28.80	$25.00	$33.00	$31.00	$32.00
ATM IV	22.0%	12.4%	31.3%	20.2%	31.3%
Expected Move	6.4%	3.6%	9.0%	5.8%	9.0%
HV 20d	13.6%	11.6%	18.1%	18.1%	14.7%
HV 60d	16.4%	16.1%	16.8%	16.4%	16.8%
IV Rank	31.0%	4.2%	57.0%	26.0%	57.0%
IV Percentile	69.5%	0.4%	99.2%	65.9%	99.2%
Term Structure	0.4%	-9.7%	6.8%	-1.6%	-9.7%
VWIV	21.9%	14.4%	28.3%	16.2%	28.3%
Skew 25d	9.6%	2.2%	21.7%	5.1%	14.3%
Skew 10d	11.3%	-5.0%	27.7%	0.2%	14.5%
Call IV 25d	17.5%	9.3%	26.3%	15.5%	16.9%
Put IV 25d	27.1%	15.3%	40.6%	20.5%	31.2%
Bid-Ask Spread %	76.73	33.91	140.58	103.02	83.54
Gamma HHI	0.22	0.18	0.30	0.20	0.21
Net GEX	22.2K	11.7K	30.6K	26.1K	16.8K
Net DEX	-507.4K	-672.8K	-285.8K	-577.6K	-383.0K
Net VEX	-1.0K	-1.2K	-830	-1.1K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.29	0.76	0.29	0.36
Total Volume	225.35	182	305	226	258
Total OI	319.9	302	370	307	331

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$33.31	$31.00	20.2%	5.8%	18.1%	26.0%	16.2%	5.1%	-1.6%	26.1K	-577.6K	-1.1K	0.29	103.02	N/A	N/A	175	51	252	55
2022-01-04	$33.51	$31.00	12.4%	3.6%	16.1%	4.2%	16.5%	2.2%	3.1%	26.6K	-621.0K	-971	0.29	46.53	N/A	N/A	175	51	254	55
2022-01-05	$33.40	$31.00	19.2%	5.5%	15.3%	23.1%	22.2%	3.1%	5.4%	24.9K	-609.0K	-1.0K	0.30	98.53	N/A	N/A	175	52	254	55
2022-01-06	$33.23	$25.00	22.2%	6.5%	15.4%	31.5%	26.1%	17.9%	0.2%	25.1K	-587.1K	-1.0K	0.30	140.58	N/A	N/A	175	52	253	49
2022-01-07	$33.22	$25.00	17.5%	5.4%	15.0%	18.5%	19.2%	6.5%	1.1%	28.1K	-574.3K	-1.0K	0.30	33.91	N/A	N/A	175	52	253	49
2022-01-10	$33.03	$25.00	17.9%	5.8%	15.2%	19.5%	22.6%	6.3%	0.9%	29.1K	-558.0K	-1.0K	0.41	92.94	N/A	N/A	129	53	255	50
2022-01-11	$33.34	$25.00	17.9%	5.7%	12.0%	19.3%	19.6%	7.2%	0.5%	30.6K	-604.9K	-901	0.39	34.78	N/A	N/A	135	53	256	50
2022-01-12	$33.75	$25.00	17.3%	5.0%	12.4%	17.7%	15.9%	5.8%	0.9%	29.7K	-672.8K	-830	0.37	37.42	N/A	N/A	142	53	259	50
2022-01-13	$33.65	$25.00	19.2%	5.5%	12.2%	23.1%	17.1%	8.3%	0.5%	25.7K	-647.3K	-938	0.38	88.20	N/A	N/A	143	55	263	50
2022-01-14	$33.52	$25.00	18.3%	5.3%	12.3%	20.6%	14.4%	12.2%	1.7%	21.7K	-641.9K	-861	0.41	39.50	N/A	N/A	143	59	263	52
2022-01-18	$33.10	$25.00	22.7%	6.5%	12.6%	33.0%	20.6%	7.4%	-0.3%	28.2K	-577.8K	-943	0.42	46.58	N/A	N/A	144	61	263	56
2022-01-19	$33.10	$25.00	23.3%	6.7%	12.1%	34.6%	21.7%	11.8%	-1.6%	25.4K	-597.6K	-907	0.76	41.78	N/A	N/A	133	101	264	56
2022-01-20	$32.84	$33.00	19.8%	5.7%	11.6%	24.8%	20.5%	4.2%	2.5%	16.2K	-531.4K	-1.0K	0.70	44.39	N/A	N/A	132	92	265	99
2022-01-21	$32.47	$33.00	28.0%	8.0%	11.9%	47.8%	26.6%	10.3%	-0.3%	19.8K	-387.5K	-1.2K	0.45	92.61	N/A	N/A	211	94	265	105
2022-01-24	$31.92	$32.00	26.4%	7.6%	13.2%	43.2%	26.8%	10.0%	0.6%	15.0K	-314.1K	-1.2K	0.42	87.05	N/A	N/A	161	68	236	86
2022-01-25	$31.67	$32.00	26.8%	7.7%	12.9%	44.4%	26.0%	10.8%	-1.3%	13.5K	-285.8K	-1.1K	0.42	93.65	N/A	N/A	160	68	227	89
2022-01-26	$31.80	$32.00	28.4%	8.1%	12.9%	48.9%	27.9%	10.9%	0.1%	11.7K	-318.6K	-1.2K	0.39	124.18	N/A	N/A	174	68	228	89
2022-01-27	$31.94	$32.00	25.9%	7.4%	13.0%	41.8%	24.9%	21.7%	-0.6%	13.9K	-346.1K	-1.2K	0.39	110.51	N/A	N/A	174	68	242	89
2022-01-28	$31.79	$32.00	25.3%	7.2%	13.0%	40.1%	24.0%	15.3%	6.8%	15.1K	-311.9K	-1.2K	0.39	94.93	N/A	N/A	174	68	242	89
2022-01-31	$32.37	$32.00	31.3%	9.0%	14.7%	57.0%	28.3%	14.3%	-9.7%	16.8K	-383.0K	-1.1K	0.36	83.54	N/A	N/A	190	68	242	89