EWI Options History — April 2023

In April 2023, EWI traded between $30.46 and $31.96. ATM implied volatility averaged 40.7%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 20.8% (HV 20d: 19.9%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 3.49.

Notable Days

  • 2023-04-24: Highest Volume — 129 contracts
  • 2023-04-13: Largest IV spike — 142.7% change
  • 2023-04-05: Highest IV Rank — 81.7%
  • 2023-04-21: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.35$30.46$31.96$30.73$31.66
Max Pain$31.05$30.00$32.00$30.00$30.00
ATM IV40.7%19.7%74.2%50.8%21.9%
Expected Move6.4%4.6%8.9%6.8%5.9%
HV 20d19.9%12.4%28.7%28.7%15.5%
HV 60d20.7%20.3%21.3%21.0%21.1%
IV Rank31.0%0.0%81.7%45.9%3.4%
IV Percentile57.7%0.0%96.8%89.7%2.4%
Term Structure-7.7%-42.7%28.9%-35.3%0.0%
VWIV22.3%16.7%27.7%27.7%18.5%
Skew 25d5.1%-16.6%63.6%-16.6%7.3%
Skew 10d14.8%-13.8%83.5%-0.5%18.7%
Call IV 25d46.5%12.0%101.8%88.6%18.2%
Put IV 25d51.7%15.7%101.2%72.0%25.6%
Bid-Ask Spread %113.0877.79130.96112.44103.60
Gamma HHI0.340.090.470.450.37
Net GEX-10.8K-500.1K742.0K-393.8K147.9K
Net DEX-1.8M-5.0M1.6M1.1M-5.0M
Net VEX-9.8K-17.7K-3.5K-17.7K-8.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.490.0017.000.170.08
Total Volume42.94701298456
Total OI7,527.9472,2479,3018,9616,386

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$30.73$30.0050.8%6.8%28.7%45.9%0.0%-16.6%-35.3%-393.8K1.1M-17.7K0.17112.44N/AN/A72122,2786,683
2023-04-04$30.55$30.0046.5%6.4%28.1%39.3%0.0%16.0%2.6%-439.5K1.4M-17.7K0.60119.04N/AN/A1062,3496,695
2023-04-05$30.46$30.0074.2%6.2%28.1%81.7%27.7%-0.6%-21.9%-500.1K1.6M-16.9K0.00120.87N/AN/A0542,3596,701
2023-04-06$30.89$30.0056.0%4.6%27.7%53.8%25.3%63.6%26.1%-328.5K295.6K-16.0K17.00120.20N/AN/A5852,3596,751
2023-04-10$30.95$30.0043.1%6.6%27.2%34.1%27.6%2.3%-34.6%-295.9K299.7K-14.1K0.39112.19N/AN/A56222,3406,743
2023-04-11$31.16$30.0040.8%6.0%26.5%30.6%0.0%0.5%-31.4%-286.6K-1.1M-12.6K0.12111.73N/AN/A1722,4116,753
2023-04-12$31.45$30.0025.7%7.5%26.2%7.6%22.6%4.7%1.1%-83.0K-2.3M-11.5K1.05108.89N/AN/A61642,4286,755
2023-04-13$31.73$32.0062.5%6.3%19.0%63.8%0.0%0.3%-42.7%40.4K-3.5M-9.3K16.00124.96N/AN/A1162,4816,809
2023-04-14$31.77$32.0036.9%5.6%18.9%24.6%17.4%7.5%-26.4%37.3K-3.4M-9.4K1.33120.02N/AN/A342,4826,819
2023-04-17$31.43$32.0040.6%6.2%17.5%30.2%16.7%4.1%14.8%33.8K-2.3M-7.7K0.11114.99N/AN/A3842,2085,999
2023-04-18$31.71$32.0019.7%5.6%16.4%0.0%0.0%2.3%6.7%231.6K-3.5M-6.2K3.00113.41N/AN/A392,2426,001
2023-04-19$31.70$32.0021.6%6.2%13.1%2.9%18.5%10.5%19.3%537.3K-4.3M-4.9K7.00113.40N/AN/A172,2416,006
2023-04-20$31.39$32.0023.5%6.8%13.7%5.8%0.0%6.7%-3.0%742.0K-3.4M-4.7K0.0077.79N/AN/A0662,1456,011
2023-04-21$31.69$32.0040.1%8.9%13.3%30.8%0.0%-16.6%28.9%66.0K-4.3M-4.9K0.00130.96N/AN/A002,1456,068
2023-04-24$31.96$32.0033.7%6.3%12.4%21.2%0.0%3.5%-36.0%108.9K-553.3K-3.5K0.00110.95N/AN/A12907451,502
2023-04-25$31.27$32.0045.6%6.6%15.1%38.9%0.0%-12.1%-26.7%74.7K-276.5K-4.3K0.00111.80N/AN/A048741,502
2023-04-26$31.29$32.0065.9%6.5%15.1%69.5%0.0%0.3%-15.5%14.1K-248.9K-4.3K0.00117.67N/AN/A038741,506
2023-04-27$31.88$30.0023.6%7.0%15.4%6.0%0.0%13.9%28.1%89.0K-4.1M-11.7K2.00103.64N/AN/A242,8743,506
2023-04-28$31.66$30.0021.9%5.9%15.5%3.4%0.0%7.3%0.0%147.9K-5.0M-8.8K0.08103.60N/AN/A5242,8763,510