EWI Options History — March 2022

In March 2022, EWI traded between $25.71 and $30.16. ATM implied volatility averaged 39.7%, placing in the 62.1% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 8.7% (HV 20d: 48.4%). Max pain ranged from $23.00 to $33.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 5.04.

Notable Days

  • 2022-03-31: Highest Volume — 1,706 contracts
  • 2022-03-04: Largest IV spike — 26.7% change
  • 2022-03-01: Highest IV Rank — 100.0%
  • 2022-03-10: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.38$25.71$30.16$28.91$29.60
Max Pain$30.89$23.00$33.00$31.00$31.00
ATM IV39.7%28.5%59.0%49.8%32.3%
Expected Move11.3%6.7%16.9%14.3%8.0%
HV 20d48.4%32.5%54.0%32.5%47.7%
HV 60d31.9%23.3%35.0%23.3%35.0%
IV Rank62.1%36.4%100.0%100.0%44.5%
IV Percentile95.6%90.5%100.0%100.0%91.7%
Term Structure-3.8%-13.9%9.7%-13.9%-3.7%
VWIV42.2%27.5%59.0%50.8%27.5%
Skew 25d13.1%5.7%42.8%9.7%5.7%
Skew 10d23.8%6.6%50.3%16.0%26.1%
Call IV 25d34.0%26.9%53.1%35.9%30.8%
Put IV 25d47.1%33.5%79.1%45.6%36.5%
Bid-Ask Spread %85.4756.22129.6081.7970.35
Gamma HHI0.330.220.460.410.22
Net GEX-57.1K-219.2K20.8K-43.3K-219.2K
Net DEX1.3M538.9K2.7M1.2M2.7M
Net VEX-4.4K-11.3K-2.6K-3.7K-11.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.041.2111.334.329.94
Total Volume670.2612831,7067181,706
Total OI1,459.2619773,2251,0623,225

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$28.91$31.0049.8%14.3%32.5%100.0%50.8%9.7%-13.9%-43.3K1.2M-3.7K4.3281.79N/AN/A135583205857
2022-03-02$29.39$31.0042.1%12.1%32.6%80.4%38.7%10.9%-0.8%-61.1K1.4M-3.7K4.0292.71N/AN/A145583194936
2022-03-03$28.33$31.0045.8%13.1%33.9%89.7%36.7%42.8%-0.8%-26.3K1.2M-3.2K4.0792.81N/AN/A145590211766
2022-03-04$26.46$31.0058.0%16.6%40.0%100.0%52.2%11.7%-3.2%-18.4K1.4M-2.6K8.5084.07N/AN/A58493211779
2022-03-07$25.71$31.0059.0%16.9%40.5%100.0%59.0%17.8%9.7%-16.8K1.5M-2.6K8.0097.98N/AN/A65520216833
2022-03-08$26.71$31.0046.5%15.9%44.1%73.9%55.0%15.2%-6.4%-20.5K1.5M-2.9K11.3396.67N/AN/A67759222877
2022-03-09$28.57$31.0041.0%14.6%51.8%62.5%56.3%15.8%-3.9%-48.1K1.4M-3.9K9.0990.65N/AN/A686182321,106
2022-03-10$27.23$31.0044.4%16.9%52.4%69.5%57.0%11.4%-6.2%-43.8K1.7M-3.8K8.0194.04N/AN/A705612281,157
2022-03-11$26.90$31.0043.4%15.6%52.4%67.6%55.9%11.5%-6.5%-51.3K1.9M-3.7K7.1097.30N/AN/A805682291,217
2022-03-14$27.48$33.0044.2%11.2%53.2%69.2%37.9%11.2%-4.6%-51.6K1.8M-3.8K1.4356.33N/AN/A1912732391,252
2022-03-15$27.86$33.0042.5%10.5%53.7%65.7%37.5%12.3%-6.3%-30.0K1.7M-4.0K1.2156.22N/AN/A1912323531,283
2022-03-16$28.65$33.0035.5%9.5%53.8%51.1%35.8%10.2%-3.5%-21.8K1.4M-3.9K1.3465.47N/AN/A1922573531,289
2022-03-17$28.72$0.0037.9%10.7%53.7%56.0%0.0%16.9%2.7%-14.6K1.5M-4.1K1.39129.60N/AN/A1932693631,366
2022-03-18$28.78$0.0031.9%7.4%53.6%43.6%0.0%16.9%-4.6%20.8K1.4M-3.7K1.37112.95N/AN/A1982713641,369
2022-03-21$28.63$0.0028.5%6.7%53.6%36.4%0.0%11.7%-9.7%-51.3K612.8K-3.8K1.9897.16N/AN/A9518899880
2022-03-22$29.06$0.0032.6%8.9%53.8%45.0%44.9%11.2%-0.5%-50.2K538.9K-3.5K2.3674.44N/AN/A95224117886
2022-03-23$28.58$23.0037.2%9.1%54.0%54.6%39.1%12.5%-7.2%-56.1K691.2K-3.9K2.4186.31N/AN/A95229117935
2022-03-24$28.83$31.0028.9%8.8%53.4%37.3%39.9%11.5%-3.3%-56.8K643.3K-3.9K2.4282.51N/AN/A95230117937
2022-03-25$29.02$31.0034.1%8.7%52.2%48.2%30.6%13.9%-3.7%-47.8K596.8K-3.8K6.1998.16N/AN/A113699117939
2022-03-28$29.16$31.0034.8%8.6%50.9%49.5%32.4%7.4%-5.7%-111.0K1.3M-6.0K4.1381.36N/AN/A1184871531,515
2022-03-29$30.03$31.0031.4%8.2%49.5%42.4%29.1%6.9%-2.9%-121.3K1.1M-6.2K8.8070.54N/AN/A1521,3371581,759
2022-03-30$30.16$31.0030.6%7.8%49.2%40.9%27.8%6.5%-3.3%-173.9K1.7M-9.6K6.6056.39N/AN/A1551,0231962,706
2022-03-31$29.60$31.0032.3%8.0%47.7%44.5%27.5%5.7%-3.7%-219.2K2.7M-11.3K9.9470.35N/AN/A1561,5502043,021