EWI Options History — December 2025

In December 2025, EWI traded between $52.70 and $54.66. ATM implied volatility averaged 15.5%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 1.9% (HV 20d: 13.6%). Max pain ranged from $46.00 to $53.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 14.42.

Notable Days

  • 2025-12-19: Highest Volume — 907 contracts
  • 2025-12-09: Largest IV drop — 30.1% change
  • 2025-12-01: Highest IV Rank — 17.3%
  • 2025-12-01: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.77$52.70$54.66$52.70$54.39
Max Pain$51.18$46.00$53.00$46.00$53.00
ATM IV15.5%13.0%22.5%22.5%13.6%
Expected Move4.4%3.7%6.4%6.4%3.9%
HV 20d13.6%10.1%16.7%16.6%11.1%
HV 60d13.8%13.4%14.2%14.1%13.7%
IV Rank6.9%3.2%17.3%17.3%4.1%
IV Percentile31.2%11.9%82.5%82.5%15.9%
Term Structure0.9%-3.1%6.7%-3.1%0.7%
VWIV19.8%14.4%41.4%19.5%14.4%
Skew 25d2.4%-2.4%5.5%-1.8%0.7%
Skew 10d2.2%-6.2%14.0%-6.2%-1.2%
Call IV 25d13.6%12.2%17.6%16.5%13.7%
Put IV 25d16.0%12.1%22.1%14.6%14.5%
Bid-Ask Spread %108.4697.47125.89108.57113.31
Gamma HHI0.550.270.860.510.27
Net GEX202.1K-78.0K568.2K212.6K-17.7K
Net DEX-2.7M-4.0M-1.9M-1.9M-3.4M
Net VEX-9.3K-11.0K-6.5K-11.0K-7.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio14.420.00225.758.000.00
Total Volume61.909090799
Total OI2,472.4552,1813,0262,2053,026

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$52.70$46.0022.5%6.4%16.6%17.3%19.5%-1.8%-3.1%212.6K-1.9M-11.0K8.00108.57N/AN/A181,1271,078
2025-12-02$53.03$46.0015.8%4.5%16.7%7.4%0.0%4.5%-2.1%207.0K-2.1M-10.8K0.00107.94N/AN/A401,1291,082
2025-12-03$53.30$46.0019.2%5.5%16.5%12.4%19.1%3.5%-2.5%280.7K-2.5M-10.0K2.00107.93N/AN/A121,1311,082
2025-12-04$53.09$51.0019.1%4.6%16.2%12.3%0.0%4.6%2.6%274.4K-2.3M-10.5K0.00107.65N/AN/A2101,1311,083
2025-12-05$52.97$51.0016.2%4.8%16.1%7.9%0.0%0.4%-1.6%244.0K-2.4M-10.7K0.00125.89N/AN/A001,1491,083
2025-12-08$52.95$51.0018.7%4.7%15.9%11.7%0.0%4.8%2.0%267.6K-2.1M-10.2K0.00107.46N/AN/A051,1491,083
2025-12-09$52.98$51.0013.1%4.5%14.3%3.3%0.0%3.9%2.6%316.7K-2.1M-10.2K1.00103.54N/AN/A111,1491,086
2025-12-10$53.60$51.0014.3%4.1%14.4%5.2%0.0%5.1%6.7%392.4K-3.1M-8.5K0.50125.28N/AN/A421,1501,087
2025-12-11$53.95$51.0013.2%3.8%14.4%3.6%0.0%4.9%1.9%464.0K-3.4M-8.9K0.52101.71N/AN/A21111,1501,086
2025-12-12$53.61$52.0014.1%4.1%14.5%4.9%14.7%5.5%2.0%373.7K-3.0M-9.2K15.33105.33N/AN/A3461,1481,089
2025-12-15$54.36$53.0014.9%4.3%14.4%6.0%15.2%0.8%1.2%568.2K-4.0M-6.5K3.41106.53N/AN/A411401,1471,135
2025-12-16$53.65$53.0015.3%4.4%14.3%6.7%41.4%4.1%-0.1%257.3K-2.4M-8.7K26.3397.47N/AN/A3791,0541,204
2025-12-17$53.56$51.0015.7%4.5%13.4%7.2%19.5%4.1%0.1%288.3K-2.8M-8.9K1.50100.34N/AN/A231,0541,127
2025-12-18$53.92$51.0015.3%4.4%12.8%6.6%0.0%4.3%4.1%285.9K-3.1M-8.4K0.00105.58N/AN/A101,0561,128
2025-12-19$54.28$51.0015.1%4.3%12.2%6.3%17.5%3.2%-0.5%352.4K-3.5M-6.9K225.75103.21N/AN/A49031,0571,128
2025-12-22$54.20$53.0014.5%4.2%11.9%5.5%0.0%-2.4%0.1%-78.0K-2.0M-10.8K1.00109.18N/AN/A111,0261,967
2025-12-23$54.42$53.0014.7%4.2%11.7%5.7%0.0%-0.9%2.3%-72.7K-2.4M-10.3K0.00110.38N/AN/A301,0261,968
2025-12-24$54.55$53.0013.3%3.8%10.4%3.7%0.0%1.2%1.7%-53.0K-2.6M-10.0K0.00109.00N/AN/A201,0341,968
2025-12-26$54.63$53.0013.0%3.7%10.1%3.2%17.3%1.7%0.8%-55.8K-2.9M-9.0K0.04109.40N/AN/A2711,0361,968
2025-12-29$54.12$53.0015.1%4.3%10.7%6.4%0.0%-0.2%1.3%-44.6K-2.5M-9.3K1.00111.80N/AN/A111,0481,967
2025-12-30$54.66$53.0014.2%4.1%11.0%4.9%14.4%1.6%0.3%-17.1K-3.7M-7.3K2.00108.53N/AN/A361,0501,968
2025-12-31$54.39$53.0013.6%3.9%11.1%4.1%0.0%0.7%0.7%-17.7K-3.4M-7.8K0.00113.31N/AN/A901,0531,973