EWI Options History — February 2022

In February 2022, EWI traded between $30.21 and $33.17. ATM implied volatility averaged 26.1%, placing in the 63.9% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 5.5% (HV 20d: 20.6%). Max pain ranged from $28.00 to $32.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 1.51.

Notable Days

  • 2022-02-16: Highest Volume — 735 contracts
  • 2022-02-28: Largest IV spike — 52.0% change
  • 2022-02-23: Highest IV Rank — 100.0%
  • 2022-02-28: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.15$30.21$33.17$32.86$30.21
Max Pain$30.79$28.00$32.00$32.00$31.00
ATM IV26.1%19.3%42.6%19.6%42.6%
Expected Move7.4%5.6%12.2%5.6%12.2%
HV 20d20.6%14.9%30.1%14.9%30.1%
HV 60d18.7%17.1%21.6%17.1%21.6%
IV Rank63.9%38.7%100.0%40.0%100.0%
IV Percentile86.3%61.9%100.0%63.1%100.0%
Term Structure2.5%-6.1%15.0%9.3%-6.1%
VWIV28.1%17.1%41.7%17.1%39.8%
Skew 25d9.3%-6.1%31.5%5.7%31.5%
Skew 10d14.0%-0.3%25.8%3.1%16.4%
Call IV 25d21.5%13.6%48.9%13.6%23.5%
Put IV 25d30.8%19.3%55.1%19.3%55.1%
Bid-Ask Spread %90.3330.95119.1975.52109.62
Gamma HHI0.380.250.620.270.44
Net GEX-23.6K-107.8K25.6K17.8K-58.8K
Net DEX152.0K-591.5K1.1M-470.9K905.5K
Net VEX-2.9K-4.1K-1.1K-1.1K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.510.374.490.373.35
Total Volume507.316250735250583
Total OI889.2633481,2273481,081

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$32.86$32.0019.6%5.6%14.9%40.0%17.1%5.7%9.3%17.8K-470.9K-1.1K0.3775.52N/AN/A1826825989
2022-02-02$33.17$32.0023.1%6.6%15.1%56.5%17.8%4.9%-3.9%16.4K-591.5K-1.1K0.37112.67N/AN/A1826827289
2022-02-03$33.02$28.0019.3%5.8%15.2%38.7%25.0%5.8%1.5%17.9K-543.9K-1.1K0.6689.61N/AN/A17111327289
2022-02-04$32.79$28.0023.8%5.8%15.3%59.5%27.9%6.0%2.0%14.7K-367.4K-1.2K1.6594.61N/AN/A270446269134
2022-02-07$32.20$31.0024.9%6.8%16.5%64.9%23.2%8.3%0.2%-5.0K14.2K-2.7K0.3830.95N/AN/A271103366509
2022-02-08$32.30$31.0022.8%6.6%16.5%55.2%22.9%7.6%-0.5%-1.7K-3.2K-2.7K0.5075.37N/AN/A273137367521
2022-02-09$33.14$31.0020.5%5.9%18.7%44.3%22.7%7.0%2.1%4.7K-361.8K-2.5K0.4688.87N/AN/A276128368571
2022-02-10$32.92$31.0021.5%6.2%18.2%48.8%21.7%6.5%2.7%25.6K-366.9K-2.7K0.5590.53N/AN/A274150418572
2022-02-11$32.08$31.0025.3%7.2%20.2%66.4%29.7%7.5%1.1%-28.4K234.0K-3.0K0.5388.42N/AN/A280147318605
2022-02-14$31.79$31.0026.7%7.7%20.4%73.3%25.9%8.5%-2.4%-34.8K367.7K-2.8K0.4838.26N/AN/A280135315606
2022-02-15$32.64$31.0021.9%6.3%22.4%51.0%25.7%9.0%0.5%-20.0K17.6K-2.6K0.4564.34N/AN/A304136315607
2022-02-16$32.87$31.0022.0%6.3%22.6%51.3%31.3%5.5%-0.4%-15.9K-62.0K-2.6K1.42110.61N/AN/A304431320607
2022-02-17$32.28$31.0025.0%7.2%23.3%65.4%31.6%6.0%9.6%-37.3K306.6K-4.1K1.42113.72N/AN/A304431320907
2022-02-18$32.17$31.0024.9%7.1%23.0%64.7%30.4%14.5%4.5%-31.8K452.1K-4.0K1.68101.14N/AN/A256430320907
2022-02-22$31.55$31.0028.2%8.1%23.3%80.3%34.4%16.1%10.6%-66.5K633.2K-4.1K3.22105.83N/AN/A141454201870
2022-02-23$31.23$31.0033.4%9.6%23.4%100.0%32.7%6.7%-5.3%-73.5K642.9K-4.0K2.94100.29N/AN/A141415203910
2022-02-24$30.38$31.0042.1%12.1%25.2%100.0%41.7%-6.1%15.0%-64.4K1.1M-3.9K4.49119.19N/AN/A132593203911
2022-02-25$31.30$31.0028.0%8.0%27.6%54.8%32.2%24.9%7.1%-107.8K939.0K-4.1K3.70106.75N/AN/A1344962031,002
2022-02-28$30.21$31.0042.6%12.2%30.1%100.0%39.8%31.5%-6.1%-58.8K905.5K-3.9K3.35109.62N/AN/A134449205876