EWI Options History — April 2022

In April 2022, EWI traded between $27.26 and $29.86. ATM implied volatility averaged 32.0%, placing in the 41.9% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 7.9% (HV 20d: 24.0%). Max pain ranged from $31.00 to $35.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.71.

Notable Days

  • 2022-04-01: Highest Volume — 7,402 contracts
  • 2022-04-13: Largest IV drop — 25.4% change
  • 2022-04-12: Highest IV Rank — 60.6%
  • 2022-04-27: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.75$27.26$29.86$29.86$27.53
Max Pain$34.80$31.00$35.00$31.00$35.00
ATM IV32.0%28.0%40.7%30.3%31.2%
Expected Move8.7%7.6%10.0%8.1%8.9%
HV 20d24.0%19.9%39.8%39.8%20.7%
HV 60d35.4%35.0%36.2%35.0%35.8%
IV Rank41.9%33.4%60.6%38.3%40.3%
IV Percentile88.8%83.3%94.8%89.7%86.1%
Term Structure-0.2%-3.4%2.4%-3.4%-0.7%
VWIV28.9%22.3%45.2%22.3%30.4%
Skew 25d9.2%5.9%12.8%8.8%7.3%
Skew 10d19.9%7.6%28.6%24.8%14.2%
Call IV 25d26.2%23.0%30.5%25.9%28.6%
Put IV 25d35.3%31.7%39.9%34.7%35.9%
Bid-Ask Spread %71.0235.3285.3573.8477.47
Gamma HHI0.260.210.420.240.22
Net GEX-310.8K-460.0K-222.9K-303.6K-267.0K
Net DEX20.0M3.7M25.4M3.7M25.2M
Net VEX-16.1K-21.8K-12.1K-13.8K-12.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.5911.961.590.74
Total Volume2,807.92117,4027,4022,303
Total OI15,205.753,95518,8333,95518,120

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$29.86$31.0030.3%8.1%39.8%38.3%22.3%8.8%-3.4%-303.6K3.7M-13.8K1.5973.84N/AN/A2,8604,5422033,752
2022-04-04$29.80$35.0028.0%7.6%37.8%33.4%24.0%9.4%1.1%-258.2K10.4M-16.1K2.0476.16N/AN/A1,4372,9252,8906,035
2022-04-05$29.27$35.0032.0%8.1%37.0%42.1%31.4%8.8%2.3%-253.6K13.2M-18.2K2.1264.11N/AN/A1,3592,8773,9947,031
2022-04-06$28.85$35.0034.0%9.0%29.1%46.3%45.2%10.5%-1.8%-247.8K13.7M-18.5K0.7475.81N/AN/A1,4561,0744,1097,138
2022-04-07$28.95$35.0032.6%8.8%22.8%43.2%25.8%10.5%0.6%-222.9K13.6M-14.6K0.6255.82N/AN/A1,4769134,0746,850
2022-04-08$29.23$35.0033.0%9.2%22.2%44.1%26.7%9.8%0.7%-223.9K13.8M-17.0K2.5171.66N/AN/A3368434,3457,094
2022-04-11$29.10$35.0039.8%9.3%21.4%58.7%31.7%10.0%-1.0%-226.5K14.2M-14.2K11.9680.83N/AN/A2392,8584,3457,095
2022-04-12$28.73$35.0040.7%9.0%21.7%60.6%27.8%8.7%-0.9%-422.3K21.7M-21.8K1.5264.29N/AN/A2,0233,0796,20310,581
2022-04-13$29.21$35.0030.3%8.7%20.2%38.4%26.7%9.7%0.1%-430.8K24.1M-19.6K0.8465.10N/AN/A1,2421,0477,20011,410
2022-04-14$29.10$35.0028.1%8.1%20.2%33.7%27.2%8.0%2.4%-460.0K24.4M-20.2K0.5958.67N/AN/A1,3257797,27011,563
2022-04-18$28.99$35.0029.9%8.6%20.3%37.5%31.2%5.9%1.7%-385.6K24.3M-20.1K1.2676.70N/AN/A1,1531,4547,13611,090
2022-04-19$29.16$35.0028.8%8.2%20.3%35.0%26.9%10.8%0.7%-329.5K23.8M-16.4K0.6369.25N/AN/A1,1537297,13610,630
2022-04-20$29.45$35.0028.7%8.2%19.9%35.0%23.2%8.7%-0.1%-345.3K23.9M-15.3K0.8171.57N/AN/A1,2129797,13810,658
2022-04-21$28.85$35.0028.7%8.2%20.4%34.9%30.2%6.7%-0.9%-369.1K24.7M-16.6K0.8280.61N/AN/A1,1429397,22810,984
2022-04-22$28.44$35.0032.3%9.3%20.8%42.7%27.7%10.3%-1.3%-345.8K25.1M-16.4K1.1373.18N/AN/A1,2211,3807,23710,989
2022-04-25$28.22$35.0032.2%9.2%20.7%42.4%28.2%9.6%-3.1%-328.4K25.0M-14.0K1.0383.78N/AN/A1,3491,3867,32910,810
2022-04-26$27.26$35.0034.5%9.9%23.7%47.4%32.6%8.9%-0.8%-249.2K25.2M-12.7K0.9535.32N/AN/A1,3381,2757,45210,717
2022-04-27$27.35$35.0035.0%10.0%20.5%48.4%30.8%12.8%-0.1%-251.3K25.3M-12.1K0.0085.35N/AN/A02117,43610,668
2022-04-28$27.74$35.0028.9%8.3%21.3%35.4%29.0%8.3%0.3%-295.0K25.4M-12.3K0.6980.93N/AN/A1,3249207,43610,739
2022-04-29$27.53$35.0031.2%8.9%20.7%40.3%30.4%7.3%-0.7%-267.0K25.2M-12.2K0.7477.47N/AN/A1,3249797,43510,685