EWI Options History — December 2023

In December 2023, EWI traded between $33.00 and $34.13. ATM implied volatility averaged 15.5%, placing in the 3.2% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.2% (HV 20d: 14.3%). Max pain ranged from $31.00 to $33.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.58.

Notable Days

  • 2023-12-27: Highest Volume — 29 contracts
  • 2023-12-12: Largest IV drop — 39.6% change
  • 2023-12-11: Highest IV Rank — 12.4%
  • 2023-12-01: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.58$33.00$34.13$33.13$33.95
Max Pain$32.15$31.00$33.00$33.00$33.00
ATM IV15.5%12.6%22.2%16.3%14.6%
Expected Move4.3%3.6%4.7%4.7%4.2%
HV 20d14.3%11.6%16.6%16.6%13.7%
HV 60d17.4%16.5%18.0%18.0%16.5%
IV Rank3.2%0.0%12.4%2.3%3.3%
IV Percentile4.2%0.0%33.7%3.2%2.8%
Term Structure0.9%-2.5%2.1%-0.6%1.5%
VWIV23.9%15.1%47.8%17.2%27.7%
Skew 25d1.6%-3.6%4.0%1.6%3.8%
Skew 10d10.4%-3.7%40.1%-3.7%1.1%
Call IV 25d14.8%13.0%17.6%15.7%13.3%
Put IV 25d16.4%13.5%19.0%17.4%17.1%
Bid-Ask Spread %93.6962.20113.1791.9488.49
Gamma HHI0.590.260.910.570.26
Net GEX41.9K-13.8K144.1K42.5K-13.7K
Net DEX-398.8K-911.3K96.6K-529.5K90.8K
Net VEX-1.4K-2.2K-611-2.2K-764
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.580.007.670.000.00
Total Volume5.802951
Total OI978.65941,2511,215625

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$33.13$33.0016.3%4.7%16.6%2.3%0.0%1.6%-0.6%42.5K-529.5K-2.2K0.0091.94N/AN/A05392823
2023-12-04$33.03$32.0016.3%4.4%16.3%2.4%17.2%2.1%1.7%41.9K-483.9K-2.1K0.0091.79N/AN/A100391828
2023-12-05$33.00$32.0016.1%4.4%16.0%2.0%0.0%1.8%1.8%50.2K-474.3K-2.0K0.00100.87N/AN/A00390828
2023-12-06$33.06$32.0016.2%4.6%15.7%2.3%0.0%2.7%1.1%39.7K-490.8K-2.1K0.00101.15N/AN/A015390828
2023-12-07$33.14$32.0017.1%4.4%15.7%3.7%0.0%1.8%1.5%42.9K-510.4K-2.1K0.00107.44N/AN/A00390842
2023-12-08$33.36$32.0016.3%4.3%15.6%2.4%0.0%2.4%1.7%54.4K-623.0K-2.1K0.00103.32N/AN/A00390842
2023-12-11$33.39$32.0022.2%4.5%15.6%12.4%27.0%2.0%1.4%61.2K-633.6K-1.9K0.00105.92N/AN/A20390842
2023-12-12$33.45$31.0013.4%4.3%15.5%0.0%0.0%2.3%1.5%54.8K-707.8K-1.8K0.0068.63N/AN/A00392842
2023-12-13$33.84$31.0014.1%4.0%11.7%1.0%15.1%2.3%2.1%100.1K-911.3K-1.5K7.67108.27N/AN/A323391842
2023-12-14$34.13$31.0015.6%4.5%11.6%3.7%0.0%-2.6%-0.4%80.4K-910.7K-1.5K0.00110.90N/AN/A05389859
2023-12-15$33.61$31.0012.6%3.6%13.1%0.0%0.0%0.1%0.4%119.9K-814.9K-1.6K0.00113.17N/AN/A00387864
2023-12-18$33.72$31.0014.3%4.1%12.5%2.9%0.0%-1.1%0.5%144.1K-734.4K-1.4K0.00107.41N/AN/A00337577
2023-12-19$34.09$32.0014.3%4.1%12.2%2.8%47.8%3.2%0.9%87.0K-722.0K-1.3K0.0062.20N/AN/A70327577
2023-12-20$33.30$33.0015.7%4.5%14.0%5.1%15.4%2.1%1.0%-13.8K96.6K-7640.1795.19N/AN/A12219577
2023-12-21$33.66$33.0014.5%4.2%14.3%3.2%0.0%4.0%1.4%-9.4K80.5K-6660.0083.73N/AN/A0019575
2023-12-22$33.75$33.0014.6%4.2%13.7%3.4%0.0%1.8%0.9%-11.6K77.9K-6380.0086.34N/AN/A0019575
2023-12-26$34.00$33.0014.5%4.2%13.9%3.2%17.1%-3.6%-2.5%-9.7K67.1K-6110.0082.09N/AN/A1019575
2023-12-27$34.13$33.0015.5%4.4%13.9%4.7%27.7%3.6%0.1%-8.4K64.0K-6124.8087.77N/AN/A52420575
2023-12-28$33.94$33.0015.0%4.3%13.9%4.0%0.0%1.8%1.4%-13.7K94.4K-8140.0077.25N/AN/A0125599
2023-12-29$33.95$33.0014.6%4.2%13.7%3.3%0.0%3.8%1.5%-13.7K90.8K-7640.0088.49N/AN/A1025600