EWI Options History — July 2023

In July 2023, EWI traded between $30.96 and $33.47. ATM implied volatility averaged 24.7%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 7.4% (HV 20d: 17.3%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 3.59.

Notable Days

  • 2023-07-03: Highest Volume — 341 contracts
  • 2023-07-27: Largest IV spike — 140.0% change
  • 2023-07-28: Highest IV Rank — 67.0%
  • 2023-07-06: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.61$30.96$33.47$31.96$33.47
Max Pain$31.80$30.00$32.00$30.00$32.00
ATM IV24.7%16.3%63.1%18.7%35.5%
Expected Move5.4%3.9%6.2%4.8%5.1%
HV 20d17.3%15.8%19.2%17.9%15.8%
HV 60d18.6%17.7%19.3%18.0%17.7%
IV Rank11.4%0.0%67.0%2.6%27.5%
IV Percentile15.7%0.0%90.9%2.4%50.0%
Term Structure1.2%-7.1%20.5%1.5%-2.1%
VWIV19.3%18.3%20.4%20.4%19.7%
Skew 25d6.5%-23.5%55.1%3.1%27.4%
Skew 10d-4.1%-53.7%30.6%-30.0%9.4%
Call IV 25d25.5%15.8%84.8%18.8%37.1%
Put IV 25d32.0%16.8%89.8%21.9%64.5%
Bid-Ask Spread %85.8664.91121.3884.69102.94
Gamma HHI0.260.190.320.190.28
Net GEX-1.2K-29.1K13.5K-3.9K1.7K
Net DEX-286.3K-729.6K452.1K70.7K-663.7K
Net VEX-5.9K-6.5K-3.4K-3.4K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.590.0021.000.700.00
Total Volume46.5503413410
Total OI1,735.951,2101,9331,2101,647

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$31.96$30.0018.7%4.8%17.9%2.6%0.0%3.1%1.5%-3.9K70.7K-3.4K0.7084.69N/AN/A200141389821
2023-07-05$31.52$30.0021.1%5.7%18.2%6.1%20.4%6.1%0.1%-12.3K148.5K-6.3K11.0078.41N/AN/A111589980
2023-07-06$30.96$32.0022.4%6.2%19.2%7.8%0.0%27.6%0.0%-29.1K452.1K-6.2K5.0069.17N/AN/A735589990
2023-07-07$31.38$32.0021.0%6.1%16.9%5.8%0.0%4.8%0.7%-23.6K275.8K-6.3K0.0067.82N/AN/A0105961,025
2023-07-10$31.57$32.0022.6%5.8%16.1%8.2%0.0%6.9%-2.2%-23.7K202.5K-6.2K0.0068.95N/AN/A01335961,015
2023-07-11$31.86$32.0021.4%5.6%15.9%6.4%0.0%4.1%-2.4%-18.4K101.3K-6.3K0.1464.91N/AN/A1425961,153
2023-07-12$32.63$32.0020.1%5.2%17.4%4.6%18.3%-23.5%-1.6%942-310.2K-6.1K1.4177.96N/AN/A911286031,153
2023-07-13$33.22$32.0019.0%5.3%18.1%2.9%0.0%5.2%-0.7%12.8K-561.7K-6.4K0.0080.73N/AN/A4806701,256
2023-07-14$32.97$32.0019.3%5.4%18.5%3.4%19.2%4.2%-0.1%6.0K-426.8K-6.5K0.0083.23N/AN/A106591,257
2023-07-17$33.08$32.0019.6%5.6%18.2%3.9%19.1%5.1%-0.3%13.5K-483.6K-6.2K0.0083.24N/AN/A0256561,256
2023-07-18$33.11$32.0020.2%5.8%18.2%4.7%0.0%5.0%-0.1%9.1K-465.3K-6.2K0.0079.64N/AN/A046561,271
2023-07-19$32.95$32.0019.9%5.7%18.0%4.3%0.0%4.3%0.8%8.5K-387.8K-6.1K0.0089.90N/AN/A006561,275
2023-07-20$32.89$32.0021.7%5.6%18.1%6.8%19.7%7.2%19.5%5.7K-397.0K-6.1K0.0098.65N/AN/A016561,275
2023-07-21$32.97$32.0026.3%5.5%17.5%13.4%0.0%1.0%-4.2%11.1K-455.3K-5.9K0.0082.98N/AN/A1506561,277
2023-07-24$33.00$32.0018.5%5.1%16.4%2.2%0.0%-20.5%-0.1%1.2K-450.5K-5.7K0.0089.20N/AN/A026581,028
2023-07-25$32.95$32.0016.3%5.1%16.5%0.0%0.0%-0.1%-0.7%1.6K-468.3K-5.6K0.0096.38N/AN/A0306581,030
2023-07-26$33.23$32.0019.8%5.0%16.1%5.0%0.0%55.1%20.5%9.1K-548.0K-5.8K21.00121.38N/AN/A1216581,038
2023-07-27$33.09$32.0047.6%4.7%16.3%44.7%0.0%5.0%2.5%5.6K-629.4K-5.6K0.25114.84N/AN/A416591,055
2023-07-28$33.41$32.0063.1%3.9%16.4%67.0%0.0%0.9%-7.1%720-729.6K-5.1K0.0082.07N/AN/A506611,056
2023-07-31$33.47$32.0035.5%5.1%15.8%27.5%0.0%27.4%-2.1%1.7K-663.7K-5.0K0.00102.94N/AN/A006121,035