EWI Options History — August 2025

In August 2025, EWI traded between $47.86 and $52.32. ATM implied volatility averaged 17.1%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 0.3% (HV 20d: 16.8%). Max pain ranged from $46.00 to $48.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2025-08-18: Highest Volume — 72 contracts
  • 2025-08-06: Largest IV spike — 25.3% change
  • 2025-08-11: Highest IV Rank — 17.3%
  • 2025-08-04: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.70$47.86$52.32$47.86$51.06
Max Pain$46.10$46.00$48.00$48.00$46.00
ATM IV17.1%11.7%22.5%14.3%11.7%
Expected Move4.7%3.3%5.5%4.1%3.4%
HV 20d16.8%13.0%19.6%19.0%13.0%
HV 60d15.3%14.8%15.5%15.0%15.4%
IV Rank9.3%1.3%17.3%5.1%1.3%
IV Percentile48.9%8.3%79.0%27.4%8.3%
Term Structure4.0%-5.4%17.0%-2.4%7.4%
VWIV26.2%15.1%60.0%17.0%38.5%
Skew 25d4.2%-1.3%10.4%2.0%2.7%
Skew 10d3.3%-1.7%9.2%4.3%4.2%
Call IV 25d13.5%9.7%18.7%15.2%11.3%
Put IV 25d17.7%12.2%21.8%17.2%14.0%
Bid-Ask Spread %99.5293.40115.05115.05108.78
Gamma HHI0.510.330.700.590.34
Net GEX-132.7K-364.1K-34.6K-364.1K-71.7K
Net DEX-93.7K-673.5K1.6M1.6M-523.1K
Net VEX-4.2K-11.1K-1.6K-11.1K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.003.330.000.00
Total Volume8.857072210
Total OI2,411.3332,2802,5052,4372,384

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$47.86$48.0014.3%4.1%19.0%5.1%17.0%2.0%-2.4%-364.1K1.6M-11.1K0.00115.05N/AN/A021502,287
2025-08-04$48.58$46.0017.3%5.5%19.6%9.5%31.3%-1.3%6.9%-309.6K1.2M-9.7K0.0095.27N/AN/A501502,289
2025-08-05$48.78$46.0013.5%4.2%19.4%3.9%55.9%-0.1%17.0%-311.8K1.0M-8.8K2.5098.91N/AN/A251532,289
2025-08-06$49.53$46.0016.9%5.4%19.2%9.0%22.4%3.0%9.1%-239.0K571.2K-7.1K0.0093.40N/AN/A1101552,293
2025-08-07$49.91$46.0018.8%5.5%18.7%11.8%20.6%4.0%3.5%-208.3K327.6K-6.7K0.0093.46N/AN/A021612,293
2025-08-08$50.14$46.0018.1%5.5%18.1%10.8%60.0%3.9%4.5%-180.6K200.7K-6.0K0.0096.67N/AN/A021612,295
2025-08-11$49.98$46.0022.5%3.3%18.2%17.3%28.8%4.1%11.8%-174.9K10.8K-4.5K1.00108.47N/AN/A441612,296
2025-08-12$50.63$46.0021.0%4.1%17.5%15.2%19.2%7.7%9.2%-161.6K-120.9K-4.2K0.7597.01N/AN/A431652,297
2025-08-13$51.07$46.0018.5%5.3%17.5%11.4%20.0%1.5%2.9%-108.0K-199.2K-3.7K1.0097.22N/AN/A331682,300
2025-08-14$51.52$46.0016.9%4.9%17.5%9.0%27.9%10.4%-5.4%-85.7K-327.0K-3.3K0.3396.40N/AN/A621682,301
2025-08-15$51.79$46.0018.1%5.2%17.5%10.8%15.1%9.0%-1.1%-54.9K-650.8K-2.4K0.0096.16N/AN/A602042,301
2025-08-18$51.52$46.0017.5%5.0%17.8%10.0%18.6%4.2%1.1%-47.7K-631.5K-2.2K0.0097.52N/AN/A0721872,093
2025-08-19$51.59$46.0016.4%4.7%17.5%8.3%22.0%5.1%1.7%-69.2K-521.0K-2.5K1.0093.88N/AN/A111872,165
2025-08-20$51.67$46.0017.8%5.1%15.4%10.4%16.0%6.2%0.8%-73.2K-485.7K-2.5K3.3394.38N/AN/A3101882,166
2025-08-21$51.50$46.0018.2%5.2%14.7%11.0%0.0%5.6%0.4%-65.9K-519.7K-2.4K0.0096.99N/AN/A101912,176
2025-08-22$52.32$46.0014.2%4.1%15.4%5.0%0.0%6.9%6.3%-40.1K-673.5K-1.7K0.00104.06N/AN/A001922,176
2025-08-25$51.75$46.0016.3%4.7%14.2%8.0%16.6%0.2%1.3%-34.6K-654.3K-1.6K0.5096.65N/AN/A421922,176
2025-08-26$51.41$46.0019.1%5.5%14.4%12.3%24.2%4.8%-0.2%-65.0K-536.9K-2.2K0.0098.44N/AN/A101962,179
2025-08-27$50.94$46.0017.8%5.1%14.9%10.4%17.4%6.2%0.6%-80.0K-468.6K-2.3K0.33105.16N/AN/A621972,179
2025-08-28$51.23$46.0014.1%4.1%13.7%4.9%0.0%1.3%7.8%-41.5K-607.2K-1.6K0.00106.14N/AN/A901972,180
2025-08-29$51.06$46.0011.7%3.4%13.0%1.3%38.5%2.7%7.4%-71.7K-523.1K-2.2K0.00108.78N/AN/A0102042,180