EWI Options History — January 2026

In January 2026, EWI traded between $54.00 and $56.53. ATM implied volatility averaged 16.7%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 4.1% (HV 20d: 12.6%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 15.35.

Notable Days

  • 2026-01-08: Highest Volume — 2,033 contracts
  • 2026-01-07: Largest IV spike — 73.1% change
  • 2026-01-07: Highest IV Rank — 18.8%
  • 2026-01-22: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.20$54.00$56.53$55.13$55.89
Max Pain$54.35$50.00$55.00$53.00$55.00
ATM IV16.7%12.2%23.4%14.1%18.0%
Expected Move4.6%3.6%5.3%4.0%5.1%
HV 20d12.6%10.6%14.8%11.9%14.5%
HV 60d13.4%12.9%14.1%13.9%14.1%
IV Rank8.7%2.0%18.8%4.9%10.6%
IV Percentile45.3%8.3%90.5%19.0%61.5%
Term Structure1.2%-4.6%6.4%-4.6%-0.3%
VWIV17.2%12.8%23.2%14.1%18.0%
Skew 25d4.2%-3.8%7.2%0.3%4.7%
Skew 10d1.8%-0.4%5.2%0.4%2.2%
Call IV 25d13.1%10.1%18.4%13.6%15.3%
Put IV 25d17.2%13.0%21.1%14.0%20.0%
Bid-Ask Spread %107.70100.91117.04113.47106.61
Gamma HHI0.440.150.730.160.55
Net GEX-141.0K-273.7K16.0K4.5K-273.7K
Net DEX-3.7M-6.8M-397.3K-4.4M-2.6M
Net VEX-16.1K-20.8K-2.4K-4.8K-19.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio15.350.00125.000.157.00
Total Volume162.502,0333124
Total OI3,5892,8585,0683,0233,190

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$55.13$53.0014.1%4.0%11.9%4.9%14.1%0.3%-4.6%4.5K-4.4M-4.8K0.15113.47N/AN/A2741,0501,973
2026-01-05$55.67$54.0012.2%4.1%12.0%2.0%0.0%4.5%1.6%16.0K-5.2M-2.4K0.00101.85N/AN/A401,0681,976
2026-01-06$55.32$50.0013.5%3.6%12.3%4.0%12.8%2.7%5.1%8.7K-4.9M-4.4K0.00107.08N/AN/A401,1061,976
2026-01-07$54.95$50.0023.4%5.0%12.7%18.8%17.6%4.0%2.5%990-4.6M-5.0K125.00116.19N/AN/A45001,1081,976
2026-01-08$55.22$55.0012.9%4.4%12.7%3.1%17.4%6.6%6.4%-211.5K-3.0M-9.5K0.12100.91N/AN/A1,8102231,1122,476
2026-01-09$55.03$55.0014.7%4.3%12.3%5.8%0.0%7.1%-0.9%-53.6K-6.6M-19.7K0.00103.83N/AN/A012,0212,696
2026-01-12$55.27$55.0017.1%4.4%12.2%9.4%0.0%6.2%-3.2%-53.2K-6.8M-19.0K0.00104.60N/AN/A302,0212,697
2026-01-13$54.74$55.0020.4%4.4%12.5%14.3%16.1%7.2%5.6%-73.5K-6.1M-20.3K0.00109.09N/AN/A02002,0252,698
2026-01-14$54.99$55.0016.8%4.8%11.7%8.8%15.9%5.2%5.9%-118.9K-5.8M-20.8K101.00111.67N/AN/A11012,0262,898
2026-01-15$54.81$55.0016.6%4.8%10.6%8.6%16.8%5.2%-2.7%-180.9K-5.5M-20.5K0.00103.33N/AN/A0402,0262,999
2026-01-16$54.91$55.0015.8%4.5%10.6%7.3%15.9%5.5%-2.2%-253.3K-5.6M-20.5K0.00103.36N/AN/A2902,0263,042
2026-01-20$54.00$55.0016.0%4.6%12.1%7.6%16.2%5.9%1.7%-208.2K-428.8K-20.2K0.06111.07N/AN/A3121,1301,728
2026-01-21$54.42$55.0018.0%5.2%12.2%10.6%15.4%0.9%3.6%-220.8K-397.3K-19.5K0.00108.77N/AN/A201,1401,730
2026-01-22$54.80$55.0018.3%5.3%12.4%11.1%20.7%-3.8%1.8%-182.7K-840.2K-19.4K0.00112.05N/AN/A4801,1421,730
2026-01-23$54.86$55.0017.1%4.9%12.3%9.3%14.2%5.6%3.9%-206.4K-956.4K-19.9K0.50107.89N/AN/A421,1901,730
2026-01-26$55.36$55.0017.5%5.0%12.7%10.0%0.0%3.8%0.1%-215.9K-1.7M-19.6K0.00103.84N/AN/A001,1881,732
2026-01-27$56.53$55.0016.0%4.6%14.6%7.6%23.2%6.3%1.8%-136.0K-2.8M-17.7K7.67105.07N/AN/A3231,1881,732
2026-01-28$55.88$55.0017.6%5.0%14.8%10.0%23.2%2.6%-1.0%-208.2K-2.4M-19.4K3.16117.04N/AN/A381201,2121,834
2026-01-29$56.15$55.0017.3%5.0%14.6%9.6%0.0%2.6%-0.4%-253.7K-2.6M-19.4K1.00106.33N/AN/A111,2341,954
2026-01-30$55.89$55.0018.0%5.1%14.5%10.6%18.0%4.7%-0.3%-273.7K-2.6M-19.8K7.00106.61N/AN/A3211,2351,955