EWI Options History — August 2023

In August 2023, EWI traded between $31.02 and $33.09. ATM implied volatility averaged 26.4%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 11.3% (HV 20d: 15.1%). Max pain ranged from $32.00 to $33.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 4.75.

Notable Days

  • 2023-08-16: Highest Volume — 803 contracts
  • 2023-08-03: Largest IV spike — 92.5% change
  • 2023-08-03: Highest IV Rank — 72.6%
  • 2023-08-16: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.86$31.02$33.09$33.09$32.14
Max Pain$32.43$32.00$33.00$32.00$32.00
ATM IV26.4%16.0%67.1%32.7%24.1%
Expected Move6.0%5.3%7.3%5.5%5.6%
HV 20d15.1%12.7%17.6%16.6%16.4%
HV 60d17.6%17.0%18.0%17.8%17.1%
IV Rank14.5%0.0%72.6%23.4%11.7%
IV Percentile23.6%0.0%93.7%43.7%22.2%
Term Structure-4.6%-42.4%34.2%-20.1%0.5%
VWIV22.5%13.1%33.4%28.2%13.1%
Skew 25d2.0%-70.4%26.3%6.0%3.5%
Skew 10d7.2%-73.6%74.1%-28.7%12.8%
Call IV 25d26.3%15.4%88.9%36.8%18.4%
Put IV 25d28.4%18.5%93.8%42.7%21.9%
Bid-Ask Spread %85.8255.69111.61103.79111.61
Gamma HHI0.310.280.360.280.32
Net GEX-20.5K-58.4K22.8K-2.3K7.2K
Net DEX309.3K-468.9K1.3M-433.8K-89.1K
Net VEX-5.5K-6.0K-4.9K-5.3K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.750.2030.000.211.05
Total Volume62.2610803174
Total OI1,610.2171,5091,9391,6471,668

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$33.09$32.0032.7%5.5%16.6%23.4%0.0%6.0%-20.1%-2.3K-433.8K-5.3K0.21103.79N/AN/A1436121,035
2023-08-02$32.45$32.0034.8%5.9%17.4%26.5%0.0%26.3%-14.3%-13.5K-36.7K-5.6K2.3387.73N/AN/A376261,038
2023-08-03$32.22$33.0067.1%6.1%16.1%72.6%0.0%6.8%-42.4%-22.8K126.1K-5.9K0.0089.25N/AN/A006261,042
2023-08-04$32.11$33.0038.1%5.8%15.7%31.2%0.0%-3.8%-35.3%-20.5K153.6K-5.6K1.6961.00N/AN/A45766261,042
2023-08-07$32.28$33.0046.2%5.9%15.6%42.7%28.2%-70.4%-26.0%-14.3K100.5K-5.7K13.5074.25N/AN/A227560949
2023-08-08$31.74$33.0022.3%5.8%16.6%8.5%23.3%5.6%-1.7%-32.0K517.5K-5.6K0.0092.20N/AN/A046561975
2023-08-09$32.06$33.0021.1%6.0%14.5%6.8%23.6%4.8%-0.4%-25.3K277.8K-5.6K0.0069.73N/AN/A018561994
2023-08-10$32.13$33.0020.5%5.9%12.8%6.0%0.0%2.8%1.3%-18.4K209.3K-5.6K0.0068.88N/AN/A00561988
2023-08-11$31.89$33.0020.6%5.9%12.8%6.1%0.0%5.7%0.4%-19.1K411.4K-5.5K0.0085.78N/AN/A00561988
2023-08-14$31.98$33.0021.2%6.1%12.7%7.0%25.9%5.8%0.4%-20.2K371.9K-5.1K0.0089.03N/AN/A017561953
2023-08-15$31.49$33.0022.3%6.4%13.6%8.6%0.0%5.8%-0.5%-32.6K720.2K-4.9K3.8681.45N/AN/A1454561967
2023-08-16$31.38$33.0025.3%7.3%13.6%12.9%20.4%-3.5%-6.2%-36.0K689.6K-5.1K0.93103.96N/AN/A417386566989
2023-08-17$31.02$32.0022.3%6.4%13.9%8.5%17.1%5.0%34.2%-47.8K1.3M-5.9K30.0087.67N/AN/A1307771,162
2023-08-18$31.12$32.0022.2%6.4%14.0%8.4%20.8%9.3%1.0%-58.4K1.2M-6.0K4.5092.46N/AN/A6277781,147
2023-08-21$31.45$32.0021.9%6.3%14.7%8.0%28.0%5.2%-0.0%-24.2K411.8K-5.8K2.2571.66N/AN/A49591941
2023-08-22$31.27$32.0022.2%6.4%14.8%8.3%20.5%5.2%-0.1%-30.6K528.9K-5.6K1.0089.33N/AN/A2020595950
2023-08-23$31.59$32.0019.8%5.7%14.9%5.0%25.4%4.1%-0.0%-21.6K336.0K-5.8K0.2086.41N/AN/A51604960
2023-08-24$31.16$32.0022.7%6.0%15.5%9.1%0.0%3.6%1.0%-36.2K588.1K-5.5K0.0055.69N/AN/A00609961
2023-08-25$31.55$32.0020.1%5.4%15.8%5.3%20.4%4.3%0.7%-22.2K364.0K-5.6K0.0097.59N/AN/A032609961
2023-08-28$31.84$32.0022.4%5.3%16.3%8.7%33.4%2.7%1.2%-13.7K164.7K-5.3K0.2070.48N/AN/A51609948
2023-08-29$32.45$32.0016.0%5.7%17.6%0.0%17.0%9.8%-0.2%8.9K-295.8K-5.3K1.0597.43N/AN/A6063614951
2023-08-30$32.47$32.0022.0%5.6%16.2%8.7%21.0%2.2%0.9%22.8K-468.9K-5.1K0.00106.50N/AN/A0156441,014
2023-08-31$32.14$32.0024.1%5.6%16.4%11.7%13.1%3.5%0.5%7.2K-89.1K-5.3K0.00111.61N/AN/A046391,029