EWI Options History — January 2023

In January 2023, EWI traded between $27.43 and $30.18. ATM implied volatility averaged 36.1%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 17.9% (HV 20d: 18.2%). Max pain ranged from $27.00 to $35.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 11.30.

Notable Days

  • 2023-01-03: Highest Volume — 6,310 contracts
  • 2023-01-24: Largest IV spike — 149.2% change
  • 2023-01-30: Highest IV Rank — 74.1%
  • 2023-01-03: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.22$27.43$30.18$27.43$30.18
Max Pain$30.20$27.00$35.00$30.00$30.00
ATM IV36.1%23.9%68.9%29.5%51.0%
Expected Move7.7%6.2%8.6%8.6%8.1%
HV 20d18.2%14.3%21.7%19.2%14.3%
HV 60d22.9%21.7%24.5%24.5%21.8%
IV Rank27.3%9.0%74.1%23.1%47.4%
IV Percentile41.4%8.3%96.4%31.7%92.9%
Term Structure-2.6%-12.0%4.5%0.0%-7.9%
VWIV27.5%21.5%32.6%25.0%26.6%
Skew 25d2.0%-47.8%35.4%5.0%3.8%
Skew 10d12.3%-44.8%89.2%15.2%89.2%
Call IV 25d44.0%21.2%94.2%29.0%87.2%
Put IV 25d46.0%27.1%102.8%34.0%91.0%
Bid-Ask Spread %94.7275.71118.7288.75107.89
Gamma HHI0.210.140.280.210.16
Net GEX-162.7K-289.5K4.2K-253.8K4.2K
Net DEX6.3M-762.1K20.1M15.3M1.3M
Net VEX-26.9K-39.5K-13.1K-24.5K-26.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio11.300.00116.331.100.00
Total Volume1,031.0516,3106,3101
Total OI20,251.511,63524,77418,06818,924

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$27.43$30.0029.5%8.6%19.2%23.1%25.0%5.0%0.0%-253.8K15.3M-24.5K1.1088.75N/AN/A3,0063,3046,75411,314
2023-01-04$27.93$29.0030.5%8.6%19.9%24.5%32.6%-1.4%-7.6%-225.8K16.7M-35.1K24.55102.08N/AN/A112709,75714,547
2023-01-05$27.77$27.0029.2%8.4%19.5%22.8%29.7%-37.9%-2.1%-289.5K20.1M-34.5K0.0085.99N/AN/A04259,76314,636
2023-01-06$28.48$27.0036.5%8.5%21.3%27.9%29.6%-47.8%-12.0%-243.9K16.6M-39.5K12.8688.34N/AN/A7909,76315,011
2023-01-09$28.71$29.0028.9%8.1%21.4%16.8%28.4%3.5%0.3%-230.9K7.2M-36.6K0.1883.61N/AN/A8141467,26512,747
2023-01-10$28.91$29.0026.5%7.8%21.4%13.3%30.2%5.7%-0.1%-226.8K7.0M-35.5K8.4782.36N/AN/A322718,07712,889
2023-01-11$29.13$29.0026.7%8.2%21.3%13.7%29.4%5.6%2.1%-192.2K4.2M-32.4K21.6075.71N/AN/A204328,09913,102
2023-01-12$29.59$29.0023.9%7.3%21.7%9.7%26.7%5.9%4.5%-144.1K-762.1K-31.3K1.6996.05N/AN/A1,0051,6948,11713,322
2023-01-13$29.62$35.0024.9%6.9%21.7%11.0%26.7%5.4%-0.4%-155.2K2.8M-30.1K116.3385.84N/AN/A33499,11714,998
2023-01-17$29.59$35.0024.9%7.1%17.2%9.7%22.3%5.7%0.4%-143.6K1.9M-22.2K0.0091.84N/AN/A0309,08214,915
2023-01-18$29.51$35.0024.4%7.0%17.0%9.0%0.0%6.2%-1.3%-142.8K3.1M-19.9K0.0291.66N/AN/A659149,08214,945
2023-01-19$29.34$30.0026.9%7.9%17.2%11.3%31.2%6.3%-2.9%-156.1K5.3M-23.3K0.0091.63N/AN/A0659,52914,947
2023-01-20$29.48$30.0027.1%7.9%17.2%11.7%29.2%10.1%-1.2%-151.4K1.8M-18.5K1.5296.23N/AN/A27419,52914,948
2023-01-23$29.57$30.0025.8%7.4%17.0%9.8%28.6%5.2%-2.1%-143.5K4.2M-16.2K0.2789.40N/AN/A343942,7968,839
2023-01-24$29.63$30.0064.4%7.9%15.9%67.4%0.0%8.6%0.7%-183.9K4.5M-15.3K0.00118.72N/AN/A49503,1398,923
2023-01-25$29.79$30.0068.2%6.3%15.9%73.1%22.0%1.8%-8.4%-76.3K3.3M-13.1K0.57106.33N/AN/A1,7891,0173,6328,923
2023-01-26$29.88$30.0031.0%6.2%15.8%17.5%21.5%8.1%-3.0%-119.3K3.7M-20.0K1.01110.32N/AN/A2,0022,0135,4229,920
2023-01-27$30.05$30.0053.9%7.3%15.0%51.7%0.0%5.0%-3.8%-54.0K2.9M-32.4K1.40105.73N/AN/A40567,42411,933
2023-01-30$29.73$30.0068.9%8.5%15.1%74.1%26.9%35.4%-7.3%-124.4K4.1M-30.5K0.4795.86N/AN/A38187,31411,586
2023-01-31$30.18$30.0051.0%8.1%14.3%47.4%26.6%3.8%-7.9%4.2K1.3M-26.9K0.00107.89N/AN/A107,32011,604