EWI Options History — May 2023

In May 2023, EWI traded between $29.70 and $32.06. ATM implied volatility averaged 51.1%, placing in the 47.3% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 33.2% (HV 20d: 17.9%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.26.

Notable Days

  • 2023-05-05: Highest Volume — 143 contracts
  • 2023-05-23: Largest IV spike — 72.3% change
  • 2023-05-24: Highest IV Rank — 76.2%
  • 2023-05-02: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.12$29.70$32.06$31.71$29.70
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV51.1%27.5%70.4%44.7%27.5%
Expected Move10.9%6.2%18.8%7.1%8.7%
HV 20d17.9%15.5%19.1%15.5%17.1%
HV 60d21.4%20.8%21.8%21.1%21.3%
IV Rank47.3%11.8%76.2%37.6%11.8%
IV Percentile80.1%20.6%95.6%84.5%20.6%
Term Structure-0.6%-51.9%35.3%17.0%-6.8%
VWIV25.5%13.9%36.1%16.6%26.8%
Skew 25d0.9%-35.0%28.3%-35.0%25.4%
Skew 10d11.3%-51.5%81.1%43.5%10.8%
Call IV 25d42.5%15.9%90.5%51.4%39.4%
Put IV 25d43.5%16.4%84.7%16.4%64.8%
Bid-Ask Spread %117.4694.05142.67103.9298.96
Gamma HHI0.180.130.230.180.16
Net GEX-42.3K-111.0K-16.8K-37.6K-111.0K
Net DEX-2.8M-6.2M695.0K-3.9M695.0K
Net VEX-5.8K-12.5K-2.7K-10.4K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.009.000.009.00
Total Volume19.7270143120
Total OI4,210.9551,2685,6545,5711,434

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$31.71$30.0044.7%7.1%15.5%37.6%0.0%-35.0%17.0%-37.6K-3.9M-10.4K0.00103.92N/AN/A102,4113,160
2023-05-02$31.11$30.0068.0%18.8%16.9%72.7%0.0%2.8%-3.7%-24.1K-1.8M-12.5K0.00142.67N/AN/A042,4023,160
2023-05-03$31.38$30.0033.8%8.6%16.9%21.2%0.0%-14.0%23.4%-36.2K-2.8M-11.7K0.50119.70N/AN/A212,4023,161
2023-05-04$31.21$30.0035.3%7.6%17.0%23.5%0.0%18.8%32.0%-41.4K-3.2M-10.7K0.00110.54N/AN/A082,4043,161
2023-05-05$32.06$30.0056.6%10.5%18.8%55.6%0.0%-7.2%5.2%-16.8K-6.2M-2.8K0.43118.07N/AN/A100432,4043,163
2023-05-08$31.98$30.0059.5%8.5%18.9%59.9%0.0%13.1%-40.8%-20.2K-4.5M-8.3K0.00108.37N/AN/A1002,4563,170
2023-05-09$31.73$30.0065.7%6.2%19.1%69.3%0.0%9.3%-43.8%-36.3K-5.2M-6.4K0.0094.05N/AN/A002,4653,175
2023-05-10$31.63$30.0067.2%10.9%18.8%71.5%0.0%-9.5%-50.5%-25.8K-5.1M-6.5K0.50116.50N/AN/A422,4653,175
2023-05-11$31.30$30.0051.6%13.0%18.9%48.0%16.6%1.5%-14.5%-30.1K-4.4M-7.2K0.00121.78N/AN/A2802,4673,176
2023-05-12$31.34$30.0061.7%11.7%18.9%63.2%27.9%-11.8%-51.9%-36.5K-4.7M-6.1K0.00124.03N/AN/A0262,4783,176
2023-05-15$31.34$30.0043.2%12.5%18.5%35.4%0.0%6.2%-8.3%-32.2K-4.8M-5.8K0.00120.50N/AN/A0102,3103,135
2023-05-16$31.07$30.0049.7%12.9%18.5%45.1%0.0%-0.7%34.8%-38.0K-4.5M-5.5K0.00117.06N/AN/A102,3103,145
2023-05-17$31.19$30.0045.3%13.0%18.5%38.6%0.0%10.6%35.3%-36.8K-4.2M-4.8K0.00120.48N/AN/A202,3113,145
2023-05-18$30.91$30.0052.1%14.2%18.5%48.7%13.9%7.7%32.7%-39.8K-3.3M-5.2K0.00134.70N/AN/A402,3083,145
2023-05-19$31.23$30.0053.0%13.5%18.6%50.1%0.0%-1.6%35.2%-41.4K-5.8M-3.3K0.00123.85N/AN/A202,3123,145
2023-05-22$31.34$30.0038.0%11.8%18.3%27.6%26.4%28.3%3.7%-36.6K104.7K-3.2K6.00125.99N/AN/A2122311,037
2023-05-23$30.94$30.0065.5%13.6%17.2%68.9%30.7%-5.8%-6.9%-38.2K205.3K-2.9K0.00122.56N/AN/A0402331,049
2023-05-24$30.41$30.0070.4%7.3%18.2%76.2%0.0%-34.0%-9.5%-39.7K337.0K-3.2K0.00119.87N/AN/A202331,066
2023-05-25$30.26$30.0051.0%14.1%16.6%47.1%36.1%18.9%4.3%-56.3K445.5K-3.1K0.00130.31N/AN/A0252351,066
2023-05-26$30.48$30.0040.9%7.2%16.9%32.0%0.0%8.0%-1.9%-70.6K372.4K-2.7K0.00102.78N/AN/A0852351,091
2023-05-30$30.32$30.0043.4%7.2%16.8%35.7%0.0%-10.6%1.0%-84.0K548.7K-2.8K0.00107.51N/AN/A001911,243
2023-05-31$29.70$30.0027.5%8.7%17.1%11.8%26.8%25.4%-6.8%-111.0K695.0K-2.7K9.0098.96N/AN/A2181911,243