EWI Options History — August 2024

In August 2024, EWI traded between $35.03 and $38.80. ATM implied volatility averaged 17.3%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 0.5% (HV 20d: 17.8%). Max pain ranged from $37.00 to $38.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 2.44.

Notable Days

  • 2024-08-01: Highest Volume — 61 contracts
  • 2024-08-06: Largest IV spike — 49.6% change
  • 2024-08-06: Highest IV Rank — 66.8%
  • 2024-08-02: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.93$35.03$38.80$36.00$38.80
Max Pain$37.41$37.00$38.00$38.00$38.00
ATM IV17.3%11.1%34.6%15.4%15.7%
Expected Move4.2%3.2%5.1%4.4%4.5%
HV 20d17.8%13.8%19.3%17.3%13.8%
HV 60d19.7%19.3%19.9%19.4%19.7%
IV Rank21.7%0.0%66.8%7.5%19.6%
IV Percentile41.4%0.0%99.2%29.8%40.9%
Term Structure5.8%-4.7%22.1%2.9%-3.4%
VWIV20.0%10.6%40.0%40.0%11.9%
Skew 25d3.6%-3.1%22.8%13.5%2.3%
Skew 10d1.0%-7.1%8.5%3.1%-7.1%
Call IV 25d12.8%9.7%19.8%15.9%12.4%
Put IV 25d16.4%12.2%38.4%29.4%14.7%
Bid-Ask Spread %118.76108.95133.47123.28118.16
Gamma HHI0.250.170.330.170.26
Net GEX-6.2K-21.6K5.8K-11.2K-18.3K
Net DEX-86.4K-280.8K95.1K54.5K-227.4K
Net VEX-2.1K-2.3K-1.7K-2.2K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.440.396.670.390.50
Total Volume12.091061610
Total OI404351478351478

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$36.00$38.0015.4%4.4%17.3%7.5%40.0%13.5%2.9%-11.2K54.5K-2.2K0.39123.28N/AN/A4417148203
2024-08-02$35.84$38.0017.8%5.1%17.0%11.7%22.4%2.1%-3.8%-4.1K17.4K-2.3K2.75123.21N/AN/A411170192
2024-08-05$35.08$37.0023.1%5.0%18.4%21.3%19.5%0.0%11.4%-4.8K95.1K-2.1K3.00124.84N/AN/A26172187
2024-08-06$35.03$37.0034.6%4.7%18.4%66.8%25.3%22.8%14.5%-6.4K92.2K-2.1K0.00133.47N/AN/A021170187
2024-08-07$35.23$37.0019.1%4.7%17.4%22.5%0.0%-0.7%8.6%-5.7K72.6K-2.2K0.00114.19N/AN/A00170191
2024-08-08$35.50$37.0025.9%4.7%17.6%62.6%0.0%5.9%12.4%-4.9K66.7K-2.2K0.00126.73N/AN/A00166191
2024-08-09$35.55$37.0019.1%4.6%17.1%33.7%35.5%3.7%19.0%-3.8K41.2K-2.2K0.00115.58N/AN/A04166191
2024-08-12$35.66$37.0024.6%3.7%17.2%57.4%0.0%5.1%18.8%-3.5K43.0K-2.1K0.00122.00N/AN/A010166194
2024-08-13$36.09$37.0022.9%3.6%17.7%49.9%13.5%2.5%19.5%-1.5K34.5K-1.7K0.57116.43N/AN/A2112166204
2024-08-14$36.47$37.0016.0%4.6%18.3%20.1%0.0%4.4%13.8%4.4K-62.5K-2.1K0.00117.86N/AN/A00177216
2024-08-15$36.94$37.0015.3%4.4%19.0%17.6%15.6%6.0%6.3%5.8K-113.3K-2.1K0.00114.93N/AN/A017177216
2024-08-16$37.20$37.0015.0%4.3%19.1%15.9%10.6%1.4%22.1%2.5K-122.9K-2.2K4.00118.44N/AN/A28177228
2024-08-19$37.61$37.0014.8%4.2%18.4%15.3%19.0%-3.1%-0.6%-417-163.4K-2.2K1.67111.16N/AN/A35176232
2024-08-20$37.50$37.0011.1%3.2%18.2%0.0%0.0%1.2%2.1%-2.8K-153.0K-2.2K0.00117.32N/AN/A00179237
2024-08-21$37.92$37.0014.8%4.3%18.5%16.0%15.3%2.1%-4.5%1.6K-224.7K-2.1K6.67108.95N/AN/A320179237
2024-08-22$37.69$38.0013.7%3.9%18.3%11.0%0.0%2.5%-0.8%-881-180.0K-2.1K0.00116.62N/AN/A00182246
2024-08-23$38.39$38.0012.1%3.5%19.3%4.4%11.5%1.7%-0.9%-3.1K-280.8K-2.0K0.00116.67N/AN/A042182246
2024-08-26$38.30$38.0012.3%3.5%19.0%5.2%0.0%1.5%-2.9%-21.6K-187.4K-2.2K0.50117.41N/AN/A21178288
2024-08-27$38.56$38.0011.6%3.3%19.1%2.0%11.9%1.5%-1.6%-21.2K-270.6K-1.9K0.00118.34N/AN/A011178289
2024-08-28$38.48$38.0014.0%4.0%19.1%12.3%0.0%1.2%-4.7%-17.1K-180.1K-2.2K0.00117.88N/AN/A00178300
2024-08-29$38.64$38.0012.4%3.5%14.1%5.4%0.0%1.5%-0.5%-19.6K-251.3K-2.0K0.00119.15N/AN/A00178300
2024-08-30$38.80$38.0015.7%4.5%13.8%19.6%0.0%2.3%-3.4%-18.3K-227.4K-2.1K0.00118.16N/AN/A00178300