EWI Options History — November 2025

In November 2025, EWI traded between $50.89 and $54.11. ATM implied volatility averaged 18.0%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 4.0% (HV 20d: 13.9%). Max pain ranged from $46.00 to $50.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.05.

Notable Days

  • 2025-11-25: Highest Volume — 1,322 contracts
  • 2025-11-19: Largest IV spike — 34.9% change
  • 2025-11-19: Highest IV Rank — 16.8%
  • 2025-11-19: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.34$50.89$54.11$51.78$52.91
Max Pain$46.63$46.00$50.00$50.00$46.00
ATM IV18.0%16.1%22.1%16.7%17.4%
Expected Move5.1%4.1%6.3%4.8%5.0%
HV 20d13.9%10.4%16.5%13.3%16.5%
HV 60d13.4%12.6%14.1%12.6%14.1%
IV Rank10.6%7.9%16.8%8.7%9.7%
IV Percentile50.1%31.3%79.4%37.3%48.0%
Term Structure-0.1%-3.5%8.3%-0.3%-2.6%
VWIV19.5%12.5%35.7%12.5%35.7%
Skew 25d4.0%-2.2%10.0%0.6%4.4%
Skew 10d4.2%-3.5%48.6%-0.2%48.6%
Call IV 25d15.4%11.9%19.2%16.1%14.1%
Put IV 25d19.5%15.5%24.8%16.8%18.4%
Bid-Ask Spread %107.5199.97124.43108.20109.37
Gamma HHI0.180.100.500.160.49
Net GEX20.5K-10.9K202.8K-5.8K200.9K
Net DEX-460.3K-1.9M-136.9K-166.9K-1.9M
Net VEX-2.7K-11.3K-1.2K-1.7K-10.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.050.0020.500.500.00
Total Volume83.26301,322150
Total OI968.3167372,2057372,205

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$51.78$50.0016.7%4.8%13.3%8.7%12.5%0.6%-0.3%-5.8K-166.9K-1.7K0.50108.20N/AN/A105131606
2025-11-04$51.45$50.0019.5%5.6%13.2%12.9%18.9%3.5%-1.5%-2.8K-167.4K-1.8K0.21103.34N/AN/A143141610
2025-11-05$52.06$50.0017.7%5.1%13.8%10.2%0.0%-1.0%-2.5%-3.0K-243.7K-1.7K0.00101.73N/AN/A01145610
2025-11-06$51.78$46.0018.6%5.2%11.3%11.5%0.0%3.0%-1.7%-2.2K-219.0K-1.7K20.50104.62N/AN/A241145611
2025-11-07$52.17$46.0017.1%4.1%10.4%9.3%17.2%8.6%3.8%-10.6K-287.3K-1.4K4.00109.30N/AN/A14145651
2025-11-10$53.19$46.0016.8%4.9%12.1%8.9%14.5%3.3%-0.6%-7.6K-396.3K-1.3K2.08104.84N/AN/A1327145651
2025-11-11$53.78$46.0016.6%5.0%12.5%8.5%27.3%4.9%-2.5%-10.9K-503.6K-1.2K2.0099.97N/AN/A24157678
2025-11-12$54.11$46.0019.2%5.5%12.1%12.4%17.6%4.3%-3.5%-8.7K-514.0K-1.4K0.00102.46N/AN/A20159676
2025-11-13$54.01$46.0016.2%4.6%12.1%7.9%17.4%-1.7%8.3%-8.5K-506.0K-1.5K0.08106.67N/AN/A252158676
2025-11-14$53.23$46.0020.4%5.9%13.6%14.3%22.3%7.9%-1.7%-7.2K-456.6K-1.7K0.17102.81N/AN/A61181674
2025-11-17$52.51$46.0020.9%6.0%14.5%15.0%0.0%9.4%-1.2%-3.9K-358.0K-2.0K0.33110.04N/AN/A31187673
2025-11-18$51.84$46.0016.4%4.7%15.3%8.3%0.0%10.0%2.6%4.4K-277.8K-2.0K0.20109.21N/AN/A51188673
2025-11-19$51.36$46.0022.1%6.3%15.3%16.8%0.0%5.9%-2.0%10.5K-252.1K-2.1K0.33116.31N/AN/A31193674
2025-11-20$50.89$46.0017.0%4.9%15.2%9.1%0.0%-2.2%-2.2%5.9K-143.6K-2.6K0.33124.43N/AN/A31196669
2025-11-21$51.45$46.0017.8%5.1%15.7%10.3%15.5%4.2%3.5%19.5K-304.4K-1.9K3.60102.61N/AN/A518199669
2025-11-24$51.25$46.0018.2%5.2%15.1%11.0%15.6%1.3%-0.8%-647-136.9K-1.9K0.04107.37N/AN/A522158676
2025-11-25$52.14$46.0016.1%4.6%16.3%7.9%35.7%6.3%3.5%16.7K-315.1K-2.1K0.44109.79N/AN/A920402208676
2025-11-26$52.61$46.0016.8%4.8%16.5%8.8%0.0%4.2%-1.0%202.8K-1.6M-11.3K0.00109.53N/AN/A201,1261,078
2025-11-28$52.91$46.0017.4%5.0%16.5%9.7%0.0%4.4%-2.6%200.9K-1.9M-10.1K0.00109.37N/AN/A001,1271,078