EWI Options History — March 2025

In March 2025, EWI traded between $41.23 and $44.03. ATM implied volatility averaged 21.6%, placing in the 26.9% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 1.5% (HV 20d: 20.2%). Max pain ranged from $36.00 to $43.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 21.64.

Notable Days

  • 2025-03-05: Highest Volume — 263 contracts
  • 2025-03-10: Largest IV spike — 59.4% change
  • 2025-03-31: Highest IV Rank — 40.3%
  • 2025-03-10: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.73$41.23$44.03$41.23$42.34
Max Pain$39.32$36.00$43.00$40.00$43.00
ATM IV21.6%14.0%27.0%14.0%27.0%
Expected Move5.8%3.8%7.7%4.0%6.8%
HV 20d20.2%15.3%22.9%16.2%22.3%
HV 60d16.9%15.8%18.0%15.9%17.6%
IV Rank26.9%7.7%40.3%7.7%40.3%
IV Percentile79.1%28.2%89.7%28.2%89.7%
Term Structure-1.9%-17.6%8.8%6.8%-2.0%
VWIV22.1%11.4%27.2%20.5%27.0%
Skew 25d6.6%-4.6%14.8%2.9%4.0%
Skew 10d4.5%-6.6%18.9%-2.0%-6.6%
Call IV 25d14.4%10.9%19.3%12.1%16.6%
Put IV 25d21.0%14.8%30.3%15.0%20.7%
Bid-Ask Spread %103.6584.76137.0584.7688.00
Gamma HHI0.290.190.400.250.31
Net GEX-60.1K-98.0K-25.5K-63.8K-98.0K
Net DEX65.6K-319.7K803.1K-69.9K803.1K
Net VEX-2.3K-3.5K-1.5K-1.8K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio21.640.00255.0014.752.00
Total Volume51.812263633
Total OI1,174.7147261,5439501,001

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$41.23$40.0014.0%4.0%16.2%7.7%20.5%2.9%6.8%-63.8K-69.9K-1.8K14.7584.76N/AN/A459137813
2025-03-04$41.47$40.0019.6%5.6%15.3%21.9%19.6%4.6%3.7%-73.5K13.1K-2.0K23.00106.64N/AN/A246137872
2025-03-05$42.75$40.0017.8%5.1%17.0%17.3%27.2%3.0%8.8%-45.5K-226.3K-1.5K2.60100.83N/AN/A73190137828
2025-03-06$42.28$40.0019.0%5.4%17.9%20.2%0.0%3.4%-17.6%-58.2K-41.9K-2.3K104.00117.05N/AN/A11042041,016
2025-03-07$42.80$40.0016.8%4.8%18.2%14.7%24.6%3.7%-2.7%-64.9K-47.4K-2.3K0.20115.18N/AN/A512051,120
2025-03-10$42.04$40.0026.7%7.7%19.3%39.6%16.4%12.0%-4.6%-91.1K338.0K-2.9K0.06100.84N/AN/A3622071,151
2025-03-11$42.35$40.0027.0%7.5%19.3%40.2%0.0%14.8%-3.1%-80.1K137.7K-2.7K0.08108.88N/AN/A1212211,153
2025-03-12$42.52$40.0024.8%5.3%18.8%34.8%0.0%13.9%-3.4%-72.3K26.6K-2.5K1.00110.77N/AN/A112331,154
2025-03-13$41.95$40.0020.1%6.9%19.7%23.0%0.0%14.5%-3.1%-92.2K228.7K-2.7K0.00106.26N/AN/A0252341,155
2025-03-14$43.02$40.0023.2%4.1%21.3%30.9%11.4%1.2%0.2%-52.6K-80.7K-2.3K0.15101.92N/AN/A113172301,180
2025-03-17$43.56$41.0017.4%6.2%21.5%16.4%25.1%11.3%0.8%-34.3K-246.2K-2.3K1.0893.18N/AN/A12133411,169
2025-03-18$43.92$41.0022.1%5.9%21.3%28.1%19.0%13.2%-2.7%-25.5K-319.7K-2.1K3.14101.85N/AN/A7223321,162
2025-03-19$44.03$42.0022.3%6.6%20.5%28.5%22.4%11.2%-5.5%-26.5K-303.6K-2.2K0.22117.57N/AN/A2353371,184
2025-03-20$43.28$0.0022.8%7.3%21.9%29.7%0.0%9.4%0.7%-44.9K-176.8K-2.4K15.00137.05N/AN/A1153551,188
2025-03-21$42.94$0.0023.0%5.6%22.0%30.4%26.6%13.6%-2.0%-44.6K-97.1K-2.4K0.3892.27N/AN/A833511,173
2025-03-24$42.98$36.0022.7%3.8%22.0%29.5%0.0%0.4%-10.2%-52.6K262.6K-2.3K10.00111.85N/AN/A110258468
2025-03-25$43.41$36.0021.2%4.9%21.6%25.9%0.0%0.6%-0.8%-53.5K167.3K-2.2K0.00110.48N/AN/A20258478
2025-03-26$42.59$36.0022.1%6.2%22.9%28.0%0.0%-4.6%-1.1%-63.3K387.5K-2.3K0.1391.92N/AN/A81260478
2025-03-27$43.08$36.0021.5%6.1%22.0%26.7%0.0%4.1%-0.3%-64.4K290.1K-2.3K0.0094.12N/AN/A50265478
2025-03-28$42.75$36.0023.6%6.2%22.3%31.9%25.7%1.5%-2.0%-60.5K332.1K-2.2K255.0085.29N/AN/A1255268478
2025-03-31$42.34$43.0027.0%6.8%22.3%40.3%27.0%4.0%-2.0%-98.0K803.1K-3.5K2.0088.00N/AN/A12268733