EWI Options History — March 2023

In March 2023, EWI traded between $28.09 and $30.81. ATM implied volatility averaged 38.8%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 15.1% (HV 20d: 23.7%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 38.13.

Notable Days

  • 2023-03-15: Highest Volume — 4,251 contracts
  • 2023-03-14: Largest IV spike — 111.5% change
  • 2023-03-14: Highest IV Rank — 77.5%
  • 2023-03-14: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.68$28.09$30.81$30.14$30.41
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV38.8%23.7%71.5%25.8%50.6%
Expected Move8.1%5.3%14.3%7.3%6.5%
HV 20d23.7%16.6%29.7%17.9%28.4%
HV 60d19.6%17.2%21.7%17.3%21.0%
IV Rank27.5%4.4%77.5%7.7%45.6%
IV Percentile51.6%2.8%96.4%7.5%89.7%
Term Structure2.9%-48.4%65.2%1.5%13.5%
VWIV29.6%15.9%42.2%23.7%29.9%
Skew 25d6.8%-57.8%42.3%6.5%-19.8%
Skew 10d14.7%-48.8%92.7%-4.0%9.6%
Call IV 25d39.4%15.8%93.8%23.4%61.0%
Put IV 25d46.2%27.1%103.8%29.9%41.2%
Bid-Ask Spread %101.6568.08141.9176.31110.45
Gamma HHI0.460.170.730.670.38
Net GEX-512.0K-744.0K-211.7K-653.1K-406.6K
Net DEX5.4M2.0M11.1M5.0M2.0M
Net VEX-20.7K-28.2K-14.5K-20.1K-20.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio38.130.07278.005.0084.00
Total Volume537.65204,2513,02435
Total OI11,020.5659,55117,12811,3009,714

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$30.14$30.0025.8%7.3%17.9%7.7%0.0%6.5%1.5%-653.1K5.0M-20.1K0.0076.31N/AN/A03,0241,00210,298
2023-03-02$30.27$30.0025.5%6.9%16.8%7.2%0.0%2.5%-0.2%-618.5K4.6M-19.0K0.0076.42N/AN/A0201,00210,168
2023-03-03$30.80$30.0023.7%6.5%17.9%4.4%23.7%6.7%-0.3%-582.7K3.3M-17.6K5.0068.08N/AN/A3517598310,171
2023-03-06$30.81$30.0024.0%7.0%16.6%4.9%28.6%6.4%0.0%-580.8K3.2M-16.9K3.0073.83N/AN/A267899210,222
2023-03-07$30.30$30.0025.1%7.4%17.8%6.7%27.5%5.4%0.3%-653.0K4.2M-17.4K1.6380.72N/AN/A8131,00910,292
2023-03-08$30.48$30.0023.8%7.5%17.6%4.6%0.0%6.2%0.3%-644.2K3.9M-17.0K0.0083.11N/AN/A0361,00910,292
2023-03-09$29.94$30.0035.7%6.0%18.7%22.8%0.0%8.7%-27.5%-744.0K3.9M-16.8K0.00111.83N/AN/A001,00410,326
2023-03-10$29.59$30.0028.4%7.8%18.8%11.7%0.0%24.3%-0.3%-670.3K5.6M-17.6K0.70113.80N/AN/A1071,00410,326
2023-03-13$29.16$30.0033.8%10.4%19.3%19.9%26.8%1.9%6.0%-548.6K6.7M-16.8K278.00119.17N/AN/A127849910,261
2023-03-14$29.63$30.0071.5%14.3%19.9%77.5%0.0%5.5%-26.9%-550.7K6.4M-15.9K0.00141.91N/AN/A0249910,307
2023-03-15$28.32$30.0039.2%10.6%24.9%28.2%42.2%16.3%-1.1%-504.1K8.5M-14.5K9.2792.75N/AN/A4143,83749910,306
2023-03-16$28.66$30.0035.8%9.8%25.5%22.9%21.0%15.3%-0.7%-726.8K10.5M-22.1K0.0796.12N/AN/A2,84121190613,126
2023-03-17$28.09$30.0029.2%8.9%25.9%12.8%22.0%0.3%6.6%-347.8K11.1M-25.4K1.46103.01N/AN/A1922803,86713,261
2023-03-20$28.73$30.0037.0%8.2%27.6%24.8%15.9%14.7%39.8%-327.6K7.1M-26.4K0.12128.38N/AN/A342423,2086,812
2023-03-21$29.66$30.0031.9%7.8%29.7%17.0%36.9%13.8%14.3%-211.7K4.5M-28.2K0.00115.05N/AN/A0623,5346,839
2023-03-22$29.59$30.0032.4%9.3%29.2%17.8%34.7%9.4%11.9%-325.6K4.6M-25.8K0.00117.41N/AN/A0213,5346,878
2023-03-23$29.36$30.0030.8%8.7%29.1%15.3%40.1%12.1%2.4%-227.9K5.0M-26.6K108.00100.42N/AN/A11083,5346,893
2023-03-24$29.07$30.0050.4%9.4%28.6%45.3%0.0%16.8%65.2%-302.7K7.2M-24.7K0.0099.58N/AN/A073,5356,999
2023-03-27$29.46$30.0062.9%5.6%28.2%64.4%32.9%20.0%-48.4%-517.3K5.4M-23.4K0.30119.83N/AN/A1032,7976,754
2023-03-28$29.63$30.0051.9%8.5%28.3%47.6%30.0%-1.4%35.5%-538.5K5.7M-22.3K0.0095.23N/AN/A0502,8076,756
2023-03-29$30.11$30.0063.5%7.3%28.9%65.4%31.4%42.3%-33.7%-491.3K3.7M-22.0K4.09109.21N/AN/A22902,8076,781
2023-03-30$30.43$30.0059.1%5.3%29.1%58.5%0.0%-57.8%7.6%-603.4K2.8M-18.8K84.00105.20N/AN/A1842,8296,831
2023-03-31$30.41$30.0050.6%6.5%28.4%45.6%29.9%-19.8%13.5%-406.6K2.0M-20.2K0.00110.45N/AN/A0352,8306,884