EWI Options History — November 2022

In November 2022, EWI traded between $23.83 and $27.86. ATM implied volatility averaged 53.9%, placing in the 63.2% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 26.3% (HV 20d: 27.6%). Max pain ranged from $25.00 to $27.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 21.33.

Notable Days

2022-11-09: Highest Volume — 42,000 contracts
2022-11-10: Largest IV spike — 104.8% change
2022-11-10: Highest IV Rank — 100.0%
2022-11-29: Largest Expected Move — 18.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.46	$23.83	$27.86	$24.26	$27.86
Max Pain	$26.57	$25.00	$27.00	$25.00	$27.00
ATM IV	53.9%	30.7%	86.2%	32.1%	76.1%
Expected Move	10.3%	8.1%	18.5%	9.2%	11.7%
HV 20d	27.6%	24.4%	29.4%	27.2%	29.3%
HV 60d	32.8%	31.1%	34.4%	31.3%	32.9%
IV Rank	63.2%	27.8%	100.0%	42.2%	86.3%
IV Percentile	84.8%	47.2%	100.0%	54.4%	98.4%
Term Structure	-2.7%	-70.0%	48.9%	1.8%	-35.5%
VWIV	34.6%	29.2%	41.5%	31.2%	36.1%
Skew 25d	9.6%	-43.0%	49.5%	5.7%	19.3%
Skew 10d	16.9%	-33.7%	82.9%	18.0%	19.7%
Call IV 25d	47.2%	19.8%	106.3%	28.9%	93.5%
Put IV 25d	56.8%	32.9%	118.8%	34.6%	112.8%
Bid-Ask Spread %	100.78	82.61	122.78	83.31	112.45
Gamma HHI	0.23	0.16	0.36	0.26	0.36
Net GEX	-1.2M	-1.9M	-466.6K	-1.5M	-634.0K
Net DEX	-1.4M	-20.6M	32.3M	22.8M	-15.4M
Net VEX	-77.0K	-100.7K	-33.4K	-97.9K	-39.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	21.33	0.50	168.50	3.42	0.50
Total Volume	9,494	339	42,000	1,349	449
Total OI	56,238.333	45,590	68,012	45,590	56,829

Daily Data (21 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
2022-11-01	$24.26	$25.00	32.1%	9.2%	27.2%	42.2%	31.2%	5.7%	1.8%	-1.5M	22.8M	-97.9K	3.42	83.31	N/A	N/A	305	1,044	11,661	33,929
2022-11-02	$23.98	$25.00	38.0%	10.9%	27.1%	54.9%	35.5%	5.1%	-3.6%	-1.5M	26.5M	-96.0K	2.09	84.73	N/A	N/A	302	632	11,766	34,194
2022-11-03	$23.83	$27.00	31.2%	9.1%	24.4%	40.3%	32.2%	3.8%	-1.5%	-1.6M	32.3M	-87.4K	3.42	82.61	N/A	N/A	302	1,032	11,766	34,215
2022-11-04	$25.00	$27.00	30.8%	8.9%	27.6%	39.5%	34.4%	7.7%	-0.4%	-1.4M	10.4M	-88.4K	20.56	85.03	N/A	N/A	340	6,990	11,766	34,195
2022-11-07	$25.36	$26.00	58.2%	9.6%	27.7%	98.3%	35.1%	49.5%	-70.0%	-1.8M	7.8M	-92.3K	8.16	95.34	N/A	N/A	334	2,725	11,934	40,250
2022-11-08	$25.68	$26.00	30.7%	8.7%	26.5%	39.1%	32.4%	9.7%	-1.8%	-1.9M	4.1M	-91.9K	5.83	96.58	N/A	N/A	333	1,941	11,941	40,824
2022-11-09	$25.48	$26.00	41.4%	11.4%	26.6%	62.3%	34.5%	-4.8%	-5.4%	-1.8M	5.3M	-86.6K	1.07	100.88	N/A	N/A	20,332	21,668	11,937	41,211
2022-11-10	$26.72	$26.00	84.9%	8.8%	29.1%	100.0%	33.9%	35.3%	-62.1%	-1.2M	-3.9M	-89.4K	1.15	102.43	N/A	N/A	10,382	11,941	11,941	41,304
2022-11-11	$27.39	$26.00	72.6%	9.3%	28.5%	83.1%	33.8%	12.4%	-63.0%	-466.6K	-8.9M	-82.1K	58.59	95.18	N/A	N/A	408	23,906	11,971	41,151
2022-11-14	$27.16	$27.00	49.6%	10.8%	28.0%	51.4%	41.5%	18.4%	35.1%	-1.4M	-3.2M	-100.7K	62.11	91.57	N/A	N/A	386	23,974	11,973	52,074
2022-11-15	$27.26	$27.00	45.3%	10.0%	27.9%	45.4%	31.5%	7.3%	47.5%	-1.4M	-3.3M	-93.9K	31.27	97.20	N/A	N/A	385	12,038	11,981	54,804
2022-11-16	$27.31	$27.00	32.6%	9.3%	26.2%	27.8%	33.4%	7.0%	48.9%	-1.0M	-5.3M	-85.9K	24.16	92.61	N/A	N/A	494	11,935	11,980	54,836
2022-11-17	$27.10	$27.00	39.6%	9.6%	26.9%	37.6%	29.2%	10.9%	41.2%	-1.0M	-4.4M	-88.9K	7.93	108.47	N/A	N/A	1,513	11,996	11,827	55,114
2022-11-18	$27.30	$27.00	53.5%	10.7%	26.7%	56.6%	35.4%	13.4%	48.4%	-1.1M	-6.6M	-82.1K	17.77	104.95	N/A	N/A	682	12,117	12,818	55,194
2022-11-21	$26.88	$27.00	37.6%	9.0%	27.9%	34.7%	36.2%	8.4%	-3.8%	-1.0M	-9.7M	-67.0K	23.23	110.17	N/A	N/A	527	12,244	12,092	44,645
2022-11-22	$27.36	$27.00	56.0%	8.9%	27.8%	60.1%	33.8%	5.1%	6.4%	-916.5K	-9.3M	-66.1K	1.37	98.46	N/A	N/A	740	1,015	12,112	45,393
2022-11-23	$27.48	$27.00	86.2%	8.1%	27.8%	100.0%	33.3%	-43.0%	-13.7%	-895.2K	-12.3M	-58.3K	1.35	116.81	N/A	N/A	938	1,271	12,324	45,329
2022-11-25	$27.71	$27.00	78.0%	11.1%	27.7%	88.9%	35.6%	11.5%	-11.9%	-929.7K	-20.6M	-41.9K	3.16	113.54	N/A	N/A	235	742	12,702	45,419
2022-11-28	$27.14	$27.00	74.6%	11.9%	29.4%	84.3%	40.3%	6.3%	-7.4%	-1.1M	-15.9M	-48.5K	168.50	121.35	N/A	N/A	2	337	11,903	44,863
2022-11-29	$27.34	$27.00	82.2%	18.5%	29.0%	94.5%	37.5%	13.1%	-6.2%	-891.8K	-20.5M	-33.4K	2.19	122.78	N/A	N/A	137	300	11,904	44,933
2022-11-30	$27.86	$27.00	76.1%	11.7%	29.3%	86.3%	36.1%	19.3%	-35.5%	-634.0K	-15.4M	-39.6K	0.50	112.45	N/A	N/A	299	150	12,032	44,797