EWI Options History — September 2024

In September 2024, EWI traded between $37.72 and $39.47. ATM implied volatility averaged 14.3%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 0.2% (HV 20d: 14.2%). Max pain ranged from $34.00 to $39.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 4.56.

Notable Days

2024-09-27: Highest Volume — 580 contracts
2024-09-18: Largest IV spike — 38.5% change
2024-09-05: Highest IV Rank — 61.1%
2024-09-04: Largest Expected Move — 5.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.39	$37.72	$39.47	$38.03	$38.91
Max Pain	$38.35	$34.00	$39.00	$39.00	$39.00
ATM IV	14.3%	11.2%	25.4%	15.2%	12.6%
Expected Move	3.8%	3.2%	5.8%	4.4%	3.6%
HV 20d	14.2%	12.6%	15.7%	13.5%	15.7%
HV 60d	16.6%	15.1%	20.1%	20.1%	15.7%
IV Rank	13.8%	0.5%	61.1%	17.6%	6.6%
IV Percentile	24.8%	0.4%	97.6%	31.7%	7.9%
Term Structure	7.7%	-1.6%	27.8%	-0.9%	1.0%
VWIV	15.3%	12.2%	18.9%	18.6%	13.8%
Skew 25d	4.2%	-0.9%	11.0%	8.3%	1.3%
Skew 10d	2.7%	-8.0%	14.5%	5.4%	9.1%
Call IV 25d	11.7%	9.9%	18.5%	13.3%	12.2%
Put IV 25d	15.8%	12.4%	22.6%	21.7%	13.4%
Bid-Ask Spread %	121.77	114.30	129.38	119.30	120.95
Gamma HHI	0.33	0.27	0.47	0.31	0.43
Net GEX	-15.5K	-31.5K	12.8K	-26.2K	-17.6K
Net DEX	-159.1K	-312.3K	-10.5K	-81.7K	-150.8K
Net VEX	-1.7K	-2.2K	-1.2K	-2.1K	-1.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.56	0.00	18.25	0.00	0.92
Total Volume	86.55	0	580	0	191
Total OI	542.8	286	982	468	982

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
2024-09-03	$38.03	$39.00	15.2%	4.4%	13.5%	17.6%	0.0%	8.3%	-0.9%	-26.2K	-81.7K	-2.1K	0.00	119.30	N/A	N/A	0	0	168	300
2024-09-04	$38.11	$39.00	20.4%	5.8%	13.3%	39.5%	0.0%	5.6%	-1.6%	-24.1K	-95.8K	-2.0K	0.00	119.39	N/A	N/A	0	0	168	300
2024-09-05	$38.23	$34.00	25.4%	3.4%	13.3%	61.1%	0.0%	4.9%	12.3%	-23.3K	-117.0K	-2.0K	0.00	119.99	N/A	N/A	0	1	168	300
2024-09-06	$37.73	$38.00	16.4%	3.7%	14.6%	22.5%	0.0%	11.0%	10.1%	-28.1K	-10.5K	-2.2K	0.00	124.47	N/A	N/A	0	32	168	307
2024-09-09	$38.09	$38.00	16.0%	3.7%	14.7%	21.1%	0.0%	6.5%	12.9%	-22.2K	-108.0K	-1.9K	0.00	121.49	N/A	N/A	0	0	168	293
2024-09-10	$37.72	$38.00	16.4%	3.6%	15.5%	22.4%	0.0%	8.6%	10.1%	-23.8K	-18.7K	-1.8K	0.00	114.30	N/A	N/A	1	0	168	293
2024-09-11	$37.80	$38.00	12.2%	3.5%	15.1%	4.8%	0.0%	-0.9%	12.3%	-20.1K	-60.9K	-1.9K	1.21	122.17	N/A	N/A	165	200	169	293
2024-09-12	$38.09	$38.00	11.3%	3.2%	14.9%	0.9%	0.0%	4.6%	12.2%	-25.6K	-113.8K	-1.8K	0.00	122.33	N/A	N/A	0	30	270	391
2024-09-13	$38.09	$38.00	11.7%	3.4%	14.4%	2.7%	18.6%	4.5%	16.5%	-24.3K	-106.6K	-1.7K	3.00	118.08	N/A	N/A	1	3	270	407
2024-09-16	$38.41	$38.00	12.1%	3.5%	14.5%	4.3%	0.0%	3.2%	9.7%	-31.5K	-174.4K	-1.5K	0.00	124.62	N/A	N/A	0	0	270	409
2024-09-17	$38.41	$38.00	11.8%	3.4%	14.0%	3.0%	18.9%	1.5%	10.4%	-28.9K	-196.9K	-1.5K	18.25	120.39	N/A	N/A	4	73	270	409
2024-09-18	$38.34	$39.00	16.3%	4.7%	14.0%	22.3%	0.0%	4.5%	8.7%	-13.4K	-164.6K	-1.7K	0.00	129.38	N/A	N/A	0	0	270	393
2024-09-19	$38.78	$39.00	12.2%	3.5%	14.0%	4.6%	12.7%	2.1%	27.8%	-13.6K	-312.3K	-1.3K	4.00	119.75	N/A	N/A	1	4	270	393
2024-09-20	$38.63	$39.00	11.3%	3.2%	13.9%	0.7%	0.0%	2.2%	14.6%	-14.6K	-303.0K	-1.2K	0.00	122.36	N/A	N/A	0	12	271	397
2024-09-23	$38.38	$39.00	12.2%	3.5%	12.6%	4.9%	0.0%	2.9%	-1.2%	3.1K	-194.8K	-1.4K	0.00	126.62	N/A	N/A	0	0	140	146
2024-09-24	$38.66	$39.00	11.2%	3.2%	12.8%	0.5%	0.0%	1.8%	0.3%	12.8K	-255.2K	-1.2K	0.00	122.60	N/A	N/A	0	11	140	146
2024-09-25	$38.50	$39.00	13.3%	3.8%	12.7%	9.4%	12.2%	2.1%	-0.8%	929	-189.0K	-1.7K	0.92	127.58	N/A	N/A	205	188	140	157
2024-09-26	$39.36	$39.00	13.6%	3.9%	14.9%	10.6%	14.2%	3.6%	0.2%	5.7K	-276.9K	-1.5K	0.00	122.26	N/A	N/A	0	29	262	262
2024-09-27	$39.47	$39.00	14.8%	4.2%	14.8%	15.6%	16.6%	4.8%	-0.8%	4.9K	-251.1K	-1.4K	0.00	117.42	N/A	N/A	0	580	262	266
2024-09-30	$38.91	$39.00	12.6%	3.6%	15.7%	6.6%	13.8%	1.3%	1.0%	-17.6K	-150.8K	-1.7K	0.00	120.95	N/A	N/A	0	191	262	720