EWI Options History — April 2025

In April 2025, EWI traded between $36.33 and $44.63. ATM implied volatility averaged 25.8%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 20.8% (HV 20d: 46.6%). Max pain ranged from $43.00 to $43.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 9.90.

Notable Days

  • 2025-04-07: Highest Volume — 117 contracts
  • 2025-04-07: Largest IV spike — 105.5% change
  • 2025-04-07: Highest IV Rank — 100.0%
  • 2025-04-07: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.60$36.33$44.63$42.43$44.19
Max Pain$43.00$43.00$43.00$43.00$43.00
ATM IV25.8%14.2%78.0%21.9%14.8%
Expected Move6.7%4.1%12.3%5.2%4.2%
HV 20d46.6%19.4%54.8%22.2%54.7%
HV 60d30.6%17.4%34.7%17.4%34.7%
IV Rank25.4%5.0%100.0%27.5%5.9%
IV Percentile72.1%29.8%100.0%79.8%38.1%
Term Structure3.2%-9.7%13.8%7.3%8.7%
VWIV25.6%10.1%49.2%24.1%10.4%
Skew 25d6.9%-8.3%22.2%5.6%2.6%
Skew 10d4.2%-5.4%24.7%5.4%3.9%
Call IV 25d19.6%10.2%51.7%13.4%13.5%
Put IV 25d26.5%16.1%51.9%19.0%16.1%
Bid-Ask Spread %110.9589.23141.0796.19108.03
Gamma HHI0.270.160.380.330.25
Net GEX-61.0K-160.0K-25.7K-98.7K-26.4K
Net DEX683.6K-202.5K1.6M738.7K-159.0K
Net VEX-2.6K-3.4K-1.8K-3.3K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.900.00116.000.000.00
Total Volume18.3810117111
Total OI941.0956391,1651,003703

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$42.43$43.0021.9%5.2%22.2%27.5%0.0%5.6%7.3%-98.7K738.7K-3.3K0.0096.19N/AN/A10268735
2025-04-02$42.66$43.0024.8%6.3%19.4%34.8%0.0%8.4%2.6%-97.5K698.9K-3.2K0.0089.23N/AN/A00269735
2025-04-03$41.78$43.0022.1%6.2%20.4%28.1%24.1%1.8%1.7%-89.4K911.0K-3.2K0.00108.34N/AN/A097269735
2025-04-04$38.81$43.0038.0%8.4%32.5%67.6%31.3%21.5%6.3%-54.0K1.4M-3.2K10.67136.54N/AN/A332269822
2025-04-07$37.12$43.0078.0%12.3%35.2%100.0%49.2%-2.5%-3.7%-41.6K1.5M-3.4K116.00118.09N/AN/A1116268815
2025-04-08$36.33$43.0041.8%11.0%35.2%46.1%0.0%22.2%-4.1%-42.6K1.6M-3.0K0.00110.38N/AN/A01268857
2025-04-09$40.31$43.0028.6%8.2%53.0%26.5%35.8%-8.3%2.2%-69.2K1.2M-3.0K5.00136.48N/AN/A210268856
2025-04-10$39.25$43.0041.9%12.0%53.5%46.3%0.0%6.9%-4.3%-52.7K1.2M-3.4K0.00141.07N/AN/A00291859
2025-04-11$40.50$43.0028.0%8.0%54.0%25.5%0.0%5.8%-1.3%-64.8K1.2M-3.0K0.00104.46N/AN/A10291859
2025-04-14$41.03$43.0017.3%4.9%54.0%9.5%0.0%4.6%13.8%-75.4K1.1M-2.6K0.00113.86N/AN/A01290859
2025-04-15$41.55$43.0015.9%4.5%54.2%7.5%0.0%5.9%13.3%-104.1K943.1K-2.5K11.00112.93N/AN/A111290858
2025-04-16$41.72$43.0024.0%6.9%54.2%19.6%33.2%7.8%2.6%-116.0K963.7K-2.6K1.33109.97N/AN/A34290868
2025-04-17$42.20$43.0021.2%6.1%54.1%15.5%25.7%16.0%3.0%-160.0K783.0K-2.4K0.38116.29N/AN/A83293872
2025-04-21$41.86$43.0019.3%5.5%54.1%12.5%16.1%5.7%-1.7%-26.9K275.8K-2.3K2.00107.19N/AN/A510110529
2025-04-22$42.78$43.0016.2%4.6%54.8%7.9%0.0%10.8%6.6%-27.6K180.7K-2.3K0.00102.37N/AN/A04110539
2025-04-23$42.64$43.0025.2%7.2%54.6%21.3%24.8%12.8%-9.7%-29.6K200.1K-2.2K0.0096.69N/AN/A270110543
2025-04-24$43.50$43.0014.6%4.2%54.7%5.6%20.6%5.4%8.8%-25.7K29.8K-2.2K0.25102.79N/AN/A82137543
2025-04-25$44.03$43.0014.2%4.1%54.7%5.0%10.1%6.0%7.8%-26.4K-117.2K-1.9K0.91108.61N/AN/A1110142544
2025-04-28$44.20$43.0014.9%4.3%54.6%6.1%10.4%5.7%8.6%-27.0K-155.8K-1.9K0.00109.44N/AN/A10147552
2025-04-29$44.63$43.0020.3%5.8%54.5%14.1%0.0%1.0%-0.4%-26.2K-202.5K-1.8K1.00100.91N/AN/A11148552
2025-04-30$44.19$43.0014.8%4.2%54.7%5.9%0.0%2.6%8.7%-26.4K-159.0K-1.9K0.00108.03N/AN/A110150553