EWI Options History — May 2025

In May 2025, EWI traded between $44.57 and $47.81. ATM implied volatility averaged 16.6%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 4.5% (HV 20d: 21.1%). Max pain ranged from $43.00 to $46.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 10.10.

Notable Days

  • 2025-05-21: Highest Volume — 1,001 contracts
  • 2025-05-23: Largest IV spike — 41.6% change
  • 2025-05-08: Highest IV Rank — 14.3%
  • 2025-05-08: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.44$44.57$47.81$44.57$47.77
Max Pain$44.43$43.00$46.00$43.00$46.00
ATM IV16.6%11.3%20.5%12.9%18.2%
Expected Move5.0%3.2%6.6%3.7%5.2%
HV 20d21.1%10.0%54.7%54.7%10.9%
HV 60d34.3%33.6%34.5%34.5%33.6%
IV Rank8.5%0.6%14.3%3.1%11.0%
IV Percentile51.1%3.2%73.8%17.1%64.7%
Term Structure0.9%-10.0%9.8%0.2%5.4%
VWIV22.8%15.6%47.5%28.8%26.8%
Skew 25d3.9%-1.9%14.4%3.8%2.1%
Skew 10d0.0%-13.8%14.5%4.0%-3.0%
Call IV 25d12.8%8.7%16.2%13.4%15.1%
Put IV 25d16.7%12.2%24.1%17.2%17.2%
Bid-Ask Spread %103.1389.79112.04111.30111.10
Gamma HHI0.510.150.900.280.82
Net GEX-122.5K-405.1K-3.2K-26.3K-289.1K
Net DEX693.0K-521.3K2.9M-276.5K2.8M
Net VEX-6.9K-17.8K-1.2K-1.7K-17.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.100.0075.301.000.00
Total Volume99.09501,00162
Total OI1,268.9056942,3977132,397

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$44.57$43.0012.9%3.7%54.7%3.1%28.8%3.8%0.2%-26.3K-276.5K-1.7K1.00111.30N/AN/A33160553
2025-05-02$44.95$43.0016.6%4.8%54.1%8.6%0.0%2.0%1.7%-25.7K-340.0K-1.5K0.00112.04N/AN/A00163556
2025-05-05$45.09$43.0016.9%5.0%45.7%9.0%19.1%2.4%9.8%-24.1K-331.7K-1.5K0.00108.64N/AN/A60159556
2025-05-06$45.33$43.0014.8%6.2%41.4%5.9%47.5%0.1%-2.3%-23.1K-407.0K-1.2K0.00102.81N/AN/A30157556
2025-05-07$45.04$43.0015.5%5.4%40.2%6.9%0.0%2.7%2.8%-23.0K-254.6K-1.4K0.00108.46N/AN/A00138556
2025-05-08$45.44$43.0020.5%6.6%20.1%14.3%23.2%1.7%1.5%-24.9K-319.0K-1.2K0.92101.30N/AN/A2523138558
2025-05-09$45.73$44.0016.6%5.1%16.0%8.6%22.4%1.7%9.0%-17.7K-365.7K-1.6K0.00108.69N/AN/A210163576
2025-05-12$45.55$44.0015.7%5.5%13.8%7.2%17.9%3.5%2.7%-17.7K-404.3K-1.6K0.0099.34N/AN/A50171576
2025-05-13$46.05$44.0017.2%4.3%13.7%9.5%26.5%2.1%9.7%-4.5K-475.2K-1.4K0.00103.88N/AN/A110176576
2025-05-14$46.24$44.0019.9%5.7%13.5%13.5%19.1%10.7%0.6%-14.4K-434.6K-1.5K0.0792.68N/AN/A151169576
2025-05-15$46.51$44.0019.6%5.6%13.5%13.1%24.3%10.9%-4.3%-3.2K-503.8K-1.4K0.0095.04N/AN/A010181577
2025-05-16$46.80$44.0018.2%5.2%13.3%11.0%20.0%-1.7%-3.3%-7.3K-521.3K-1.4K75.3089.79N/AN/A10753181587
2025-05-19$47.25$44.0017.9%5.1%12.4%10.5%17.7%7.6%1.2%-139.4K773.6K-8.3K1.0895.04N/AN/A12131461,027
2025-05-20$47.81$45.0011.3%3.2%11.2%0.6%17.3%11.8%-0.3%-149.5K842.9K-7.9K3.58108.46N/AN/A12431581,092
2025-05-21$47.72$46.0014.9%4.3%11.0%6.0%0.0%0.2%0.8%-136.6K1.1M-8.6K0.00105.96N/AN/A01,0011641,134
2025-05-22$47.61$46.0012.9%3.7%10.0%3.0%18.3%4.3%-4.6%-310.4K2.7M-17.8K1.67104.50N/AN/A6101642,135
2025-05-23$46.97$46.0018.2%5.2%11.4%11.0%0.0%14.4%-1.0%-405.1K2.9M-17.3K72.0097.22N/AN/A1721622,145
2025-05-27$47.66$46.0016.2%4.7%12.1%8.0%15.6%-1.9%-0.5%-324.5K2.6M-17.0K6.00100.02N/AN/A2121622,217
2025-05-28$47.58$46.0019.9%5.7%12.1%13.5%19.9%-0.2%-10.0%-280.3K2.9M-17.1K0.0099.43N/AN/A301642,227
2025-05-29$47.61$46.0013.9%4.0%11.1%4.5%26.8%3.5%-1.0%-326.4K2.7M-17.0K0.00109.97N/AN/A301672,227
2025-05-30$47.77$46.0018.2%5.2%10.9%11.0%0.0%2.1%5.4%-289.1K2.8M-17.2K0.00111.10N/AN/A021702,227