EWI Options History — November 2023

In November 2023, EWI traded between $30.18 and $33.09. ATM implied volatility averaged 17.7%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 0.8% (HV 20d: 18.5%). Max pain ranged from $30.00 to $33.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 3.13.

Notable Days

  • 2023-11-06: Highest Volume — 106 contracts
  • 2023-11-08: Largest IV drop — 11.0% change
  • 2023-11-01: Highest IV Rank — 8.1%
  • 2023-11-01: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.93$30.18$33.09$30.18$32.92
Max Pain$32.76$30.00$33.00$30.00$33.00
ATM IV17.7%14.8%21.6%21.6%15.4%
Expected Move5.0%4.3%6.2%6.2%4.4%
HV 20d18.5%16.8%20.0%17.8%18.0%
HV 60d18.1%17.1%18.8%17.1%18.0%
IV Rank2.9%0.0%8.1%8.1%0.9%
IV Percentile5.2%0.0%19.8%19.8%0.8%
Term Structure-0.1%-1.3%0.9%-0.3%-0.4%
VWIV22.0%8.9%39.3%23.5%21.7%
Skew 25d3.5%1.5%5.8%4.0%1.7%
Skew 10d6.0%-3.7%13.8%12.3%-1.2%
Call IV 25d16.1%12.5%19.2%19.2%15.9%
Put IV 25d19.6%16.3%23.3%23.2%17.6%
Bid-Ask Spread %69.4042.5691.6649.0659.25
Gamma HHI0.400.240.540.530.52
Net GEX-16.0K-179.4K42.8K-179.4K42.8K
Net DEX-83.5K-526.7K910.2K910.2K-438.6K
Net VEX-2.8K-4.2K-2.2K-4.2K-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.130.126.505.293.50
Total Volume30.9050106889
Total OI1,822.9521,1872,3091,9991,212

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$30.18$30.0021.6%6.2%17.8%8.1%23.5%4.0%-0.3%-179.4K910.2K-4.2K5.2949.06N/AN/A14744441,555
2023-11-02$30.89$33.0019.9%5.8%19.4%5.6%22.7%5.0%-1.3%-98.3K434.5K-3.8K0.0081.93N/AN/A0584581,618
2023-11-03$31.34$33.0021.1%5.9%19.3%7.3%0.0%5.0%-0.7%-45.6K94.4K-3.5K5.5087.02N/AN/A2114581,625
2023-11-06$31.16$33.0020.7%5.7%19.1%6.8%0.0%5.0%-0.7%-62.3K169.2K-3.1K0.0088.29N/AN/A01064601,636
2023-11-07$30.99$33.0020.7%5.5%18.2%6.8%19.2%5.8%-1.3%-79.7K289.6K-3.1K0.0086.08N/AN/A034601,738
2023-11-08$31.04$33.0018.5%5.3%18.0%3.6%0.0%4.5%-0.2%-51.9K181.3K-2.6K0.0080.42N/AN/A0124601,739
2023-11-09$30.95$33.0018.6%5.3%17.5%3.8%0.0%4.7%0.3%-69.9K251.6K-2.8K0.0062.92N/AN/A0404601,751
2023-11-10$31.16$33.0018.2%5.2%17.2%3.2%0.0%3.4%-0.2%-59.8K191.1K-2.6K0.0050.61N/AN/A0604591,781
2023-11-13$31.39$33.0018.4%5.3%16.8%3.6%0.0%3.3%0.1%-29.2K151.0K-2.5K0.0051.70N/AN/A0784591,841
2023-11-14$32.41$33.0017.3%5.0%20.0%2.0%0.0%3.8%-0.1%22.3K-376.0K-2.7K0.0087.99N/AN/A0164591,828
2023-11-15$32.25$33.0017.1%4.9%19.0%1.6%28.7%2.0%0.7%13.7K-298.5K-2.6K0.1242.56N/AN/A2634591,833
2023-11-16$32.11$32.0016.6%4.8%18.4%1.0%18.7%3.8%0.5%-1.1K-237.4K-2.6K0.0091.66N/AN/A084681,835
2023-11-17$32.52$32.0016.4%4.7%18.5%0.6%39.3%2.6%0.8%26.6K-456.6K-2.6K0.1276.89N/AN/A7894681,841
2023-11-20$32.95$33.0015.6%4.5%18.7%0.0%15.5%2.9%0.5%36.4K-456.4K-2.6K6.5054.42N/AN/A426395792
2023-11-21$32.45$33.0016.8%4.8%20.0%1.6%0.0%3.1%0.2%25.6K-245.5K-2.6K0.0084.69N/AN/A00398818
2023-11-22$32.38$33.0016.1%4.6%19.1%0.7%8.9%5.7%0.9%23.9K-229.6K-2.6K3.5066.92N/AN/A27398818
2023-11-24$32.80$33.0014.8%4.3%18.9%0.0%0.0%1.5%-0.3%33.8K-386.6K-2.5K0.0064.03N/AN/A00397818
2023-11-27$32.80$33.0015.2%4.4%18.3%0.5%0.0%1.9%-0.3%36.8K-384.3K-2.4K0.0066.67N/AN/A00396818
2023-11-28$32.80$33.0015.7%4.5%17.9%1.2%21.7%1.8%-0.7%37.9K-389.6K-2.3K0.5067.66N/AN/A21396818
2023-11-29$33.09$33.0016.2%4.6%17.8%2.0%0.0%2.1%-0.2%41.9K-526.7K-2.2K0.0056.59N/AN/A00396819
2023-11-30$32.92$33.0015.4%4.4%18.0%0.9%0.0%1.7%-0.4%42.8K-438.6K-2.3K3.5059.25N/AN/A27393819