EWI Options History — February 2023

In February 2023, EWI traded between $29.59 and $30.80. ATM implied volatility averaged 35.7%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 20.7% (HV 20d: 15.0%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 32.95.

Notable Days

  • 2023-02-22: Highest Volume — 2,350 contracts
  • 2023-02-22: Largest IV spike — 95.0% change
  • 2023-02-09: Highest IV Rank — 66.9%
  • 2023-02-28: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.32$29.59$30.80$30.69$30.05
Max Pain$28.95$28.00$30.00$30.00$30.00
ATM IV35.7%21.5%64.5%40.1%30.4%
Expected Move6.9%6.2%7.5%7.2%7.5%
HV 20d15.0%13.1%19.0%14.3%18.6%
HV 60d18.2%17.0%21.9%21.9%17.3%
IV Rank23.2%1.0%66.9%31.1%14.7%
IV Percentile45.1%0.8%95.6%80.6%32.1%
Term Structure-7.3%-45.1%23.1%-3.5%0.0%
VWIV26.8%22.4%33.5%28.0%26.4%
Skew 25d2.9%-34.6%26.3%-19.0%-30.3%
Skew 10d16.1%-42.3%82.2%36.6%-42.3%
Call IV 25d48.2%19.0%92.3%85.2%61.2%
Put IV 25d51.1%24.1%93.4%66.2%30.9%
Bid-Ask Spread %88.0575.15115.76115.7679.26
Gamma HHI0.290.120.650.140.64
Net GEX-221.1K-628.7K-40.8K-40.8K-611.0K
Net DEX319.9K-5.1M5.3M-1.3M5.0M
Net VEX-17.1K-27.5K-6.1K-23.6K-20.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio32.950.00164.0050.251.73
Total Volume313.36852,350205101
Total OI15,535.8957,67218,93218,92611,209

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$30.69$30.0040.1%7.2%14.3%31.1%28.0%-19.0%-3.5%-40.8K-1.3M-23.6K50.25115.76N/AN/A42017,32111,605
2023-02-02$30.55$28.0026.6%7.0%14.0%10.9%24.4%12.6%0.7%-129.6K-58.3K-27.5K54.0089.78N/AN/A1547,32411,608
2023-02-03$30.02$28.0022.6%6.5%15.7%5.0%28.2%1.1%-4.3%-109.2K2.2M-25.7K50.0092.85N/AN/A1507,32411,600
2023-02-06$30.05$28.0039.9%7.1%13.5%30.9%0.0%25.3%-23.6%-136.4K3.1M-24.3K0.0088.38N/AN/A0506,03211,584
2023-02-07$30.34$28.0048.3%7.0%13.6%42.4%29.6%-2.7%-45.1%-136.8K1.2M-22.3K0.3580.49N/AN/A251876,03211,634
2023-02-08$30.21$28.0042.5%7.1%13.7%33.6%24.8%18.3%-36.4%-117.4K1.2M-22.6K164.0087.06N/AN/A11646,28411,630
2023-02-09$30.48$28.0064.5%7.2%13.8%66.9%24.8%12.8%-41.1%-82.8K-797.6K-19.1K0.5793.25N/AN/A101586,28511,732
2023-02-10$30.29$28.0053.4%7.5%13.1%50.1%0.0%2.7%-37.3%-131.2K616.2K-20.9K0.0098.66N/AN/A1406,37611,765
2023-02-13$30.59$28.0026.5%6.9%13.5%8.7%24.5%9.1%8.6%-92.2K-2.4M-13.6K109.0082.68N/AN/A11095,82411,739
2023-02-14$30.80$28.0025.5%6.5%13.6%7.1%33.5%4.3%23.1%-59.4K-4.9M-10.1K4.0091.04N/AN/A145,82611,708
2023-02-15$30.56$28.0021.5%6.2%13.9%1.0%22.4%5.4%4.3%-101.1K-3.9M-10.1K0.0086.83N/AN/A05005,82711,715
2023-02-16$30.77$30.0023.0%6.6%13.7%3.4%24.8%5.1%0.6%-149.6K-4.7M-8.7K0.0583.53N/AN/A4125,82712,198
2023-02-17$30.80$30.0025.1%6.4%13.7%6.5%30.9%7.5%19.5%-164.4K-5.1M-6.6K26.3381.98N/AN/A3795,87812,198
2023-02-21$30.26$30.0026.1%6.8%15.4%8.1%33.3%-4.1%0.3%-197.4K383.9K-6.1K0.7087.65N/AN/A4503168406,832
2023-02-22$29.80$30.0050.9%6.9%16.5%46.0%23.8%4.3%-28.1%-229.2K1.1M-7.5K66.1489.49N/AN/A352,3151,2907,136
2023-02-23$30.12$30.0033.8%6.7%16.8%19.9%23.1%26.3%2.2%-538.1K4.0M-17.5K26.3383.46N/AN/A123161,3109,445
2023-02-24$29.59$30.0051.0%7.4%18.0%46.2%0.0%-34.6%4.1%-545.3K5.3M-19.1K6.0585.75N/AN/A835021,3229,732
2023-02-27$30.13$30.0026.5%7.2%19.0%8.7%26.4%11.7%17.2%-628.7K4.9M-20.0K0.5775.15N/AN/A301797610,214
2023-02-28$30.05$30.0030.4%7.5%18.6%14.7%0.0%-30.3%0.0%-611.0K5.0M-20.1K1.7379.26N/AN/A376497510,234