EWI Options History — July 2025

In July 2025, EWI traded between $47.39 and $49.80. ATM implied volatility averaged 15.8%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 0.4% (HV 20d: 15.4%). Max pain ranged from $35.00 to $53.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 5.58.

Notable Days

  • 2025-07-21: Highest Volume — 102 contracts
  • 2025-07-10: Largest IV spike — 58.4% change
  • 2025-07-15: Highest IV Rank — 14.6%
  • 2025-07-15: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.43$47.39$49.80$48.03$48.33
Max Pain$48.14$35.00$53.00$53.00$48.00
ATM IV15.8%11.1%20.6%19.4%16.0%
Expected Move4.5%3.2%5.9%5.6%4.6%
HV 20d15.4%13.6%18.6%13.9%18.6%
HV 60d16.8%13.2%32.4%32.4%14.8%
IV Rank7.4%0.4%14.6%12.7%7.7%
IV Percentile39.7%1.6%71.8%65.1%43.3%
Term Structure6.4%-0.9%14.7%0.3%7.7%
VWIV17.7%10.2%22.2%17.9%20.4%
Skew 25d4.2%-0.2%9.7%4.1%2.4%
Skew 10d2.2%-2.0%5.4%-0.6%2.6%
Call IV 25d12.0%9.8%15.1%13.0%14.2%
Put IV 25d16.2%13.3%21.6%17.2%16.5%
Bid-Ask Spread %104.3995.76116.42101.14104.16
Gamma HHI0.690.590.800.750.59
Net GEX-281.6K-340.8K-209.5K-209.5K-323.8K
Net DEX1.8M734.7K2.9M2.5M1.1M
Net VEX-12.2K-15.8K-8.2K-15.8K-9.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.580.0070.001.000.00
Total Volume13.545010213
Total OI2,359.1362,2892,4342,3032,434

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$48.03$53.0019.4%5.6%13.9%12.7%0.0%4.1%0.3%-209.5K2.5M-15.8K0.00101.14N/AN/A011052,198
2025-07-02$48.19$53.0018.2%5.2%13.6%11.0%17.9%3.5%2.0%-275.0K2.3M-14.5K1.00103.97N/AN/A111052,198
2025-07-03$48.09$49.0015.3%5.6%13.6%6.6%0.0%3.7%3.3%-271.7K2.4M-15.2K0.0096.06N/AN/A021032,195
2025-07-07$47.89$49.0014.6%3.4%13.7%5.6%0.0%2.7%14.7%-257.2K2.6M-14.8K0.00111.18N/AN/A101032,197
2025-07-08$48.38$49.0014.2%3.4%13.9%5.1%0.0%2.4%12.2%-305.7K2.0M-12.9K0.00116.42N/AN/A001042,197
2025-07-09$49.19$49.0011.1%3.2%15.1%0.4%21.6%2.3%13.1%-279.1K1.6M-12.1K0.33113.67N/AN/A311042,197
2025-07-10$48.53$49.0017.6%5.0%15.7%10.0%11.0%9.6%5.6%-269.8K2.2M-13.7K0.05100.91N/AN/A1911062,198
2025-07-11$48.02$49.0011.2%3.2%16.2%0.5%16.7%9.7%13.4%-317.0K2.5M-13.9K0.00100.13N/AN/A041142,199
2025-07-14$48.10$35.0014.5%4.2%16.1%5.5%18.5%3.1%13.0%-291.2K2.1M-13.2K70.00102.08N/AN/A1701142,195
2025-07-15$47.39$48.0020.6%5.9%15.5%14.6%0.0%8.3%4.5%-322.7K2.5M-14.0K0.0095.76N/AN/A201142,255
2025-07-16$47.78$48.0014.6%4.2%15.8%5.6%18.0%3.2%13.4%-278.3K2.9M-14.8K8.00111.80N/AN/A4321162,254
2025-07-17$47.75$48.0016.9%4.8%13.8%9.0%0.0%6.8%7.2%-340.8K2.4M-13.5K2.0097.08N/AN/A121192,283
2025-07-18$47.77$48.0012.5%3.6%13.8%2.4%10.2%2.6%12.4%-305.9K2.6M-14.2K2.00106.67N/AN/A241212,284
2025-07-21$47.97$48.0012.4%3.6%13.8%2.4%18.9%2.3%8.0%-320.7K1.9M-12.6K0.00113.75N/AN/A01021122,177
2025-07-22$48.56$48.0014.5%4.2%14.3%5.5%0.0%2.8%0.2%-298.0K1.7M-11.4K0.00110.85N/AN/A101122,279
2025-07-23$49.80$48.0015.1%4.3%15.5%6.4%19.2%5.5%8.0%-230.6K928.5K-8.7K0.06105.44N/AN/A1711152,279
2025-07-24$49.22$48.0018.5%5.3%16.2%11.4%0.0%5.8%1.0%-249.7K810.8K-8.5K0.0097.85N/AN/A201352,280
2025-07-25$49.58$48.0014.2%4.1%16.3%5.0%22.2%9.3%1.1%-228.5K734.7K-8.2K0.0098.14N/AN/A301372,280
2025-07-28$48.66$48.0019.7%5.6%17.8%13.2%0.0%2.1%-0.6%-286.4K932.4K-8.8K0.2599.76N/AN/A821422,280
2025-07-29$49.11$48.0018.6%5.3%17.9%11.6%0.0%-0.2%-0.9%-259.8K774.2K-8.8K0.00103.95N/AN/A031482,281
2025-07-30$49.02$48.0018.0%5.1%17.9%10.6%20.4%1.1%0.4%-273.1K790.3K-8.4K0.00105.79N/AN/A401482,284
2025-07-31$48.33$48.0016.0%4.6%18.6%7.7%0.0%2.4%7.7%-323.8K1.1M-9.6K0.00104.16N/AN/A031502,284