EWI Options History — May 2022

In May 2022, EWI traded between $26.22 and $28.95. ATM implied volatility averaged 31.2%, placing in the 40.2% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 4.2% (HV 20d: 26.9%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.72.

Notable Days

  • 2022-05-20: Highest Volume — 6,028 contracts
  • 2022-05-18: Largest IV spike — 20.8% change
  • 2022-05-09: Highest IV Rank — 60.0%
  • 2022-05-12: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.58$26.22$28.95$27.40$28.84
Max Pain$31.33$30.00$35.00$35.00$30.00
ATM IV31.2%24.7%40.4%35.7%25.9%
Expected Move8.8%7.1%10.4%10.2%7.4%
HV 20d26.9%20.2%31.8%20.2%28.9%
HV 60d35.9%31.0%37.3%35.8%31.0%
IV Rank40.2%26.2%60.0%49.9%29.0%
IV Percentile81.9%64.3%94.4%93.3%67.5%
Term Structure-3.5%-7.6%0.3%-2.1%-2.9%
VWIV30.6%24.0%36.9%35.0%24.6%
Skew 25d9.1%6.3%12.6%11.7%11.4%
Skew 10d19.1%12.4%28.6%28.6%26.8%
Call IV 25d26.2%18.1%32.6%28.6%18.1%
Put IV 25d35.3%27.8%42.1%40.3%29.5%
Bid-Ask Spread %69.8724.1588.3879.9278.74
Gamma HHI0.320.200.490.220.49
Net GEX-557.4K-877.3K-186.0K-263.1K-821.4K
Net DEX21.3M4.4M30.7M25.6M5.5M
Net VEX-16.3K-23.8K-9.3K-11.3K-18.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.720.315.830.332.81
Total Volume2,249.4291,2966,0281,7561,394
Total OI16,937.9058,45223,04618,2089,311

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$27.40$35.0035.7%10.2%20.2%49.9%35.0%11.7%-2.1%-263.1K25.6M-11.3K0.3379.92N/AN/A1,3224347,43610,772
2022-05-03$27.69$35.0032.2%9.2%20.8%42.5%29.5%7.9%0.3%-291.9K25.5M-11.5K0.3139.50N/AN/A1,3204137,44710,788
2022-05-04$28.14$35.0029.6%8.5%21.2%36.9%27.6%10.3%-0.2%-338.5K25.2M-11.6K0.4288.38N/AN/A1,2915417,45310,753
2022-05-05$27.17$31.0031.2%9.2%23.9%40.3%31.2%11.8%-5.9%-255.8K25.5M-11.5K0.4080.27N/AN/A1,2935227,48010,889
2022-05-06$27.02$31.0033.7%9.3%23.8%45.6%31.7%10.6%-4.3%-255.1K25.9M-10.7K0.4377.45N/AN/A1,2935507,48310,976
2022-05-09$26.22$31.0040.4%10.4%25.1%60.0%34.8%10.7%-4.7%-186.0K25.5M-9.3K0.3371.73N/AN/A1,2634187,48310,829
2022-05-10$26.51$31.0037.1%9.8%25.7%52.9%34.6%9.9%-5.2%-210.8K25.5M-9.4K0.3268.64N/AN/A1,2614097,48110,850
2022-05-11$26.68$31.0036.1%10.4%25.8%50.9%36.9%8.5%-5.7%-218.7K25.5M-9.7K3.3169.67N/AN/A1,3434,4507,48110,862
2022-05-12$26.34$30.0036.4%10.4%24.9%51.4%35.2%10.1%-7.6%-598.9K30.7M-19.7K1.4072.27N/AN/A1,3531,8967,54714,491
2022-05-13$27.13$30.0031.8%9.1%27.8%41.5%31.6%7.3%-4.3%-606.8K28.7M-16.9K0.5269.98N/AN/A1,3306957,55713,705
2022-05-16$27.21$30.0031.5%9.0%27.9%40.9%31.0%7.9%-5.3%-666.1K28.8M-17.3K0.3772.71N/AN/A1,3204837,56814,031
2022-05-17$27.82$30.0027.1%7.8%29.1%31.4%29.7%9.5%-2.7%-695.2K28.0M-16.2K0.8064.44N/AN/A1,3421,0727,56814,181
2022-05-18$27.02$30.0032.7%9.4%30.2%43.5%32.9%12.6%-4.9%-713.1K30.3M-21.0K0.9268.72N/AN/A1,3291,2277,57414,884
2022-05-19$27.66$30.0028.5%8.2%31.1%34.5%31.0%7.6%-1.4%-794.9K29.4M-20.1K0.6873.30N/AN/A1,3199017,57515,205
2022-05-20$27.53$30.0029.2%8.4%30.8%35.9%31.8%8.4%-3.3%-615.1K30.1M-21.7K3.0755.30N/AN/A1,4814,5477,57515,471
2022-05-23$28.15$32.0028.1%8.0%31.8%33.5%28.4%6.5%-3.3%-812.4K7.2M-22.7K5.8370.39N/AN/A2841,6554498,003
2022-05-24$28.33$32.0030.7%8.8%29.2%39.1%27.3%8.1%-3.2%-825.7K7.2M-23.8K4.3224.15N/AN/A2691,1624688,556
2022-05-25$28.51$32.0025.9%7.4%29.2%29.0%28.7%8.4%-2.0%-877.3K6.5M-21.9K4.2879.44N/AN/A2701,1564888,545
2022-05-26$28.90$32.0026.3%7.5%29.2%29.7%25.4%6.3%-2.0%-850.1K5.5M-20.0K2.5381.93N/AN/A3679294858,711
2022-05-27$28.95$30.0024.7%7.1%28.9%26.2%24.0%6.5%-2.9%-808.1K4.4M-16.5K2.6480.28N/AN/A3669685808,705
2022-05-31$28.84$30.0025.9%7.4%28.9%29.0%24.6%11.4%-2.9%-821.4K5.5M-18.6K2.8178.74N/AN/A3661,0285818,730