EWI Options History — March 2024

In March 2024, EWI traded between $35.92 and $37.94. ATM implied volatility averaged 15.6%, placing in the 5.0% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 3.5% (HV 20d: 12.1%). Max pain ranged from $34.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 2.46.

Notable Days

2024-03-19: Highest Volume — 38 contracts
2024-03-11: Largest IV spike — 55.5% change
2024-03-11: Highest IV Rank — 17.6%
2024-03-06: Largest Expected Move — 5.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.08	$35.92	$37.94	$35.92	$37.72
Max Pain	$34.85	$34.00	$35.00	$34.00	$35.00
ATM IV	15.6%	13.0%	23.4%	15.1%	13.5%
Expected Move	4.3%	3.7%	5.0%	4.3%	3.9%
HV 20d	12.1%	10.0%	14.2%	14.1%	11.6%
HV 60d	13.9%	13.1%	14.4%	14.2%	13.4%
IV Rank	5.0%	0.7%	17.6%	4.1%	1.6%
IV Percentile	12.8%	0.4%	64.7%	6.0%	1.6%
Term Structure	6.0%	-2.9%	20.8%	-0.1%	-1.2%
VWIV	14.7%	11.8%	17.2%	15.5%	15.0%
Skew 25d	2.3%	-3.2%	7.7%	4.7%	-0.2%
Skew 10d	2.6%	-10.9%	12.9%	-2.7%	0.1%
Call IV 25d	13.2%	8.2%	17.5%	11.9%	14.0%
Put IV 25d	15.5%	11.8%	20.9%	16.6%	13.8%
Bid-Ask Spread %	104.41	87.58	111.34	101.91	103.37
Gamma HHI	0.26	0.16	0.44	0.42	0.22
Net GEX	7.9K	1.9K	13.4K	5.2K	3.5K
Net DEX	-209.1K	-291.6K	-135.1K	-135.1K	-271.4K
Net VEX	-1.1K	-1.3K	-767	-904	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.46	0.00	10.50	0.00	10.50
Total Volume	10.55	0	38	0	23
Total OI	333.05	268	397	321	320

Daily Data (20 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
2024-03-01	$35.92	$34.00	15.1%	4.3%	14.1%	4.1%	0.0%	4.7%	-0.1%	5.2K	-135.1K	-904	0.00	101.91	N/A	N/A	0	0	99	222
2024-03-04	$35.92	$34.00	15.5%	4.3%	13.5%	4.8%	0.0%	1.9%	1.6%	4.5K	-136.4K	-835	0.00	91.13	N/A	N/A	1	0	99	222
2024-03-05	$36.09	$34.00	15.7%	4.5%	13.4%	5.1%	15.5%	2.4%	2.5%	5.4K	-139.6K	-767	0.00	87.58	N/A	N/A	0	14	95	222
2024-03-06	$36.59	$35.00	19.3%	5.0%	13.9%	11.0%	14.2%	-0.3%	9.6%	1.9K	-137.6K	-912	0.33	103.57	N/A	N/A	21	7	95	239
2024-03-07	$36.73	$35.00	15.3%	4.0%	13.7%	4.5%	14.5%	-2.0%	4.0%	6.5K	-158.6K	-1.0K	1.00	106.47	N/A	N/A	1	1	104	246
2024-03-08	$36.66	$35.00	15.1%	4.6%	13.9%	4.1%	17.2%	7.7%	17.2%	4.8K	-147.3K	-990	0.91	104.33	N/A	N/A	11	10	104	247
2024-03-11	$36.64	$35.00	23.4%	4.6%	14.0%	17.6%	14.2%	2.1%	17.1%	12.1K	-177.1K	-1.3K	6.00	108.98	N/A	N/A	1	6	130	257
2024-03-12	$37.05	$35.00	18.8%	4.1%	14.2%	10.1%	11.8%	-3.2%	20.8%	13.4K	-236.8K	-1.1K	0.00	106.57	N/A	N/A	0	5	131	251
2024-03-13	$37.25	$35.00	15.0%	4.3%	11.2%	4.0%	16.1%	-2.3%	16.0%	12.5K	-246.4K	-1.1K	0.00	108.96	N/A	N/A	0	10	131	256
2024-03-14	$36.89	$35.00	14.6%	4.2%	11.8%	3.3%	0.0%	5.0%	9.8%	8.5K	-216.9K	-1.1K	0.00	107.32	N/A	N/A	0	7	131	266
2024-03-15	$37.20	$35.00	14.5%	4.2%	10.4%	3.1%	0.0%	0.9%	11.2%	6.6K	-226.4K	-1.1K	0.91	109.82	N/A	N/A	11	10	124	273
2024-03-18	$37.13	$35.00	16.4%	4.7%	10.0%	6.3%	15.6%	2.0%	-0.5%	7.8K	-157.7K	-1.3K	2.50	99.96	N/A	N/A	2	5	113	155
2024-03-19	$37.42	$35.00	15.8%	4.5%	10.0%	5.2%	15.7%	2.8%	10.7%	4.6K	-201.5K	-1.1K	0.00	103.22	N/A	N/A	38	0	114	160
2024-03-20	$37.91	$35.00	13.8%	4.0%	10.2%	2.0%	12.2%	5.7%	-2.9%	7.2K	-288.2K	-1.2K	2.40	107.34	N/A	N/A	5	12	134	160
2024-03-21	$37.50	$35.00	15.4%	4.4%	11.1%	4.6%	0.0%	3.2%	1.0%	11.7K	-252.5K	-1.3K	0.00	109.13	N/A	N/A	0	0	139	172
2024-03-22	$37.39	$35.00	14.5%	4.1%	11.1%	3.1%	0.0%	0.9%	1.6%	12.6K	-237.6K	-1.2K	0.00	109.52	N/A	N/A	0	0	138	172
2024-03-25	$37.81	$35.00	13.8%	3.9%	11.4%	2.0%	0.0%	3.0%	0.6%	8.6K	-268.2K	-1.2K	0.00	99.41	N/A	N/A	0	0	138	172
2024-03-26	$37.78	$35.00	13.0%	3.7%	11.4%	0.7%	0.0%	4.0%	1.1%	10.0K	-254.6K	-1.3K	0.00	108.28	N/A	N/A	0	10	138	172
2024-03-27	$37.94	$35.00	14.3%	4.1%	11.3%	2.9%	0.0%	7.0%	0.3%	10.1K	-291.6K	-977	0.00	111.34	N/A	N/A	0	0	138	182
2024-03-28	$37.72	$35.00	13.5%	3.9%	11.6%	1.6%	15.0%	-0.2%	-1.2%	3.5K	-271.4K	-1.1K	10.50	103.37	N/A	N/A	2	21	138	182