EWI Options History — January 2024

In January 2024, EWI traded between $33.05 and $34.03. ATM implied volatility averaged 17.3%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 2.3% (HV 20d: 15.0%). Max pain ranged from $33.00 to $34.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.02.

Notable Days

2024-01-19: Highest Volume — 24 contracts
2024-01-08: Largest IV drop — 20.0% change
2024-01-17: Highest IV Rank — 11.8%
2024-01-17: Largest Expected Move — 5.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.47	$33.05	$34.03	$33.66	$33.47
Max Pain	$33.38	$33.00	$34.00	$33.00	$33.00
ATM IV	17.3%	13.4%	19.8%	16.6%	19.8%
Expected Move	5.0%	4.5%	5.7%	4.8%	5.7%
HV 20d	15.0%	13.1%	16.9%	14.0%	14.1%
HV 60d	16.0%	14.9%	16.7%	16.6%	14.9%
IV Rank	7.8%	1.4%	11.8%	6.5%	11.7%
IV Percentile	16.3%	0.8%	31.0%	11.1%	31.0%
Term Structure	-0.1%	-1.8%	1.2%	0.3%	-1.8%
VWIV	17.2%	16.0%	19.0%	16.8%	19.0%
Skew 25d	3.1%	1.4%	4.6%	2.3%	2.2%
Skew 10d	6.3%	-1.3%	12.9%	2.8%	1.8%
Call IV 25d	16.1%	13.9%	18.4%	16.8%	18.4%
Put IV 25d	19.2%	17.8%	21.8%	19.0%	20.6%
Bid-Ask Spread %	96.12	74.90	111.32	86.13	111.32
Gamma HHI	0.36	0.26	0.68	0.26	0.37
Net GEX	-13.0K	-23.5K	-5.8K	-15.0K	-9.1K
Net DEX	97.7K	76.7K	129.4K	107.4K	101.4K
Net VEX	-859	-950	-783	-810	-900
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.00	6.00	0.50	2.25
Total Volume	5.476	0	24	3	13
Total OI	476.952	196	671	626	212

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-01-02	$33.66	$33.00	16.6%	4.8%	14.0%	6.5%	16.8%	2.3%	0.3%	-15.0K	107.4K	-810	0.50	86.13	N/A	N/A	2	1	26	600
2024-01-03	$33.20	$33.00	18.2%	5.2%	14.9%	9.1%	0.0%	2.7%	0.5%	-17.2K	129.4K	-836	0.00	94.97	N/A	N/A	2	0	27	600
2024-01-04	$33.58	$34.00	16.9%	4.6%	15.4%	7.1%	0.0%	3.6%	1.2%	-14.9K	103.1K	-805	0.00	91.10	N/A	N/A	0	10	29	600
2024-01-05	$33.63	$34.00	17.9%	4.9%	15.4%	8.7%	0.0%	3.7%	-0.3%	-15.1K	105.4K	-868	0.00	93.07	N/A	N/A	0	3	29	610
2024-01-08	$34.03	$34.00	14.3%	4.8%	15.8%	2.9%	16.6%	4.4%	0.2%	-13.3K	84.9K	-804	0.00	90.52	N/A	N/A	3	0	29	613
2024-01-09	$33.64	$34.00	13.4%	4.5%	16.3%	1.4%	0.0%	4.0%	0.8%	-15.6K	98.5K	-869	0.00	90.77	N/A	N/A	0	0	32	613
2024-01-10	$33.84	$34.00	15.6%	4.5%	16.5%	5.0%	0.0%	2.9%	0.2%	-14.7K	82.6K	-817	0.00	99.29	N/A	N/A	0	1	32	613
2024-01-11	$33.72	$34.00	16.4%	4.7%	16.5%	6.2%	0.0%	3.1%	-0.5%	-16.3K	88.4K	-841	0.00	84.63	N/A	N/A	0	0	32	614
2024-01-12	$33.89	$34.00	16.1%	4.6%	16.1%	5.8%	16.0%	3.5%	0.2%	-14.5K	76.7K	-783	0.24	95.22	N/A	N/A	17	4	32	614
2024-01-16	$33.31	$34.00	17.8%	5.1%	16.9%	8.6%	17.7%	2.6%	0.2%	-19.4K	99.4K	-917	6.00	96.85	N/A	N/A	1	6	47	618
2024-01-17	$33.14	$33.00	19.8%	5.7%	16.1%	11.8%	0.0%	4.6%	-1.3%	-23.5K	120.2K	-950	0.00	96.94	N/A	N/A	0	0	48	623
2024-01-18	$33.39	$33.00	18.4%	5.3%	16.3%	9.4%	0.0%	3.3%	-0.2%	-19.9K	93.2K	-904	0.00	101.96	N/A	N/A	1	0	48	623
2024-01-19	$33.47	$33.00	17.6%	5.1%	15.8%	8.3%	16.4%	3.1%	-0.2%	-15.1K	78.7K	-841	0.26	100.58	N/A	N/A	19	5	47	623
2024-01-22	$33.20	$33.00	17.1%	4.9%	13.7%	7.4%	0.0%	4.6%	0.7%	-6.9K	101.4K	-904	0.00	93.67	N/A	N/A	0	0	49	147
2024-01-23	$33.05	$33.00	17.0%	4.9%	13.1%	7.3%	0.0%	2.8%	0.2%	-7.9K	113.9K	-887	0.00	103.61	N/A	N/A	0	4	49	147
2024-01-24	$33.30	$33.00	17.7%	5.1%	13.4%	8.4%	16.8%	2.0%	-1.0%	-7.2K	92.7K	-864	1.00	97.04	N/A	N/A	2	2	49	147
2024-01-25	$33.11	$33.00	18.5%	5.3%	13.2%	9.7%	0.0%	2.5%	-1.6%	-8.3K	108.4K	-863	0.00	74.90	N/A	N/A	0	0	51	148
2024-01-26	$33.42	$33.00	17.2%	4.9%	13.6%	7.4%	0.0%	1.4%	0.3%	-5.8K	86.2K	-897	0.00	100.65	N/A	N/A	0	0	51	148
2024-01-29	$33.20	$33.00	18.5%	5.3%	13.7%	9.6%	18.4%	3.2%	-0.2%	-7.6K	101.0K	-827	0.00	108.14	N/A	N/A	2	0	51	148
2024-01-30	$33.58	$33.00	19.3%	5.5%	14.4%	11.0%	0.0%	1.8%	-0.5%	-6.4K	77.7K	-847	0.00	107.04	N/A	N/A	0	17	49	148
2024-01-31	$33.47	$33.00	19.8%	5.7%	14.1%	11.7%	19.0%	2.2%	-1.8%	-9.1K	101.4K	-900	2.25	111.32	N/A	N/A	4	9	49	163