EWI Options History — February 2026

In February 2026, EWI traded between $55.44 and $57.91. ATM implied volatility averaged 19.8%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 1.9% (HV 20d: 17.9%). Max pain ranged from $55.00 to $57.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 30.15.

Notable Days

2026-02-23: Highest Volume — 583 contracts
2026-02-04: Largest IV spike — 91.0% change
2026-02-05: Highest IV Rank — 30.9%
2026-02-04: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.73	$55.44	$57.91	$56.30	$57.34
Max Pain	$56.05	$55.00	$57.00	$55.00	$57.00
ATM IV	19.8%	14.7%	31.6%	16.6%	19.3%
Expected Move	5.4%	4.0%	8.8%	4.8%	5.5%
HV 20d	17.9%	13.7%	20.1%	14.0%	18.6%
HV 60d	14.7%	13.9%	15.1%	14.0%	14.8%
IV Rank	13.2%	5.7%	30.9%	8.6%	12.2%
IV Percentile	62.8%	19.4%	98.0%	41.7%	69.0%
Term Structure	2.1%	-12.7%	11.2%	2.1%	0.2%
VWIV	19.2%	16.1%	27.8%	27.8%	17.1%
Skew 25d	4.7%	0.1%	11.9%	5.0%	0.1%
Skew 10d	2.7%	-2.7%	13.7%	4.1%	1.1%
Call IV 25d	15.4%	13.1%	18.5%	15.3%	18.5%
Put IV 25d	20.0%	16.0%	25.0%	20.3%	18.6%
Bid-Ask Spread %	104.78	98.49	129.13	106.06	103.06
Gamma HHI	0.42	0.23	0.61	0.55	0.24
Net GEX	-527.9K	-1.0M	-187.1K	-282.3K	-441.7K
Net DEX	-1.8M	-3.3M	441.1K	-2.9M	-3.1M
Net VEX	-22.0K	-26.8K	-18.6K	-18.6K	-19.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	30.15	0.00	500.00	500.00	0.00
Total Volume	100.368	1	583	508	2
Total OI	3,965.842	3,054	4,269	3,213	3,608

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-02-02	$56.30	$55.00	16.6%	4.8%	14.0%	8.6%	27.8%	5.0%	2.1%	-282.3K	-2.9M	-18.6K	0.00	106.06	N/A	N/A	0	508	1,237	1,976
2026-02-03	$56.81	$55.00	16.1%	4.6%	14.0%	7.8%	0.0%	2.6%	1.7%	-398.6K	-2.5M	-21.5K	500.00	110.12	N/A	N/A	1	500	1,237	2,484
2026-02-04	$56.98	$55.00	30.7%	8.8%	13.7%	29.5%	0.0%	0.4%	-12.7%	-411.6K	-966.1K	-25.4K	0.00	129.13	N/A	N/A	1	0	1,237	2,984
2026-02-05	$55.75	$56.00	31.6%	6.9%	15.8%	30.9%	0.0%	10.3%	4.9%	-396.9K	356.8K	-26.8K	0.00	106.70	N/A	N/A	8	0	1,237	2,984
2026-02-06	$56.23	$56.00	24.3%	6.6%	16.0%	20.1%	19.9%	11.9%	-0.4%	-534.1K	-31.7K	-26.2K	20.00	102.82	N/A	N/A	1	20	1,245	2,984
2026-02-09	$57.67	$56.00	19.7%	4.6%	18.1%	13.1%	0.0%	8.8%	5.9%	-509.1K	-2.4M	-21.9K	0.00	100.02	N/A	N/A	3	0	1,246	2,996
2026-02-10	$57.41	$56.00	16.4%	4.0%	18.2%	8.3%	17.4%	4.4%	11.2%	-358.9K	-3.0M	-21.0K	3.00	100.25	N/A	N/A	1	3	1,246	2,996
2026-02-11	$57.06	$56.00	16.6%	4.7%	17.9%	8.5%	0.0%	2.3%	6.2%	-495.0K	-2.3M	-22.1K	0.00	102.14	N/A	N/A	8	0	1,247	2,998
2026-02-12	$56.55	$56.00	18.9%	5.4%	18.3%	12.0%	16.8%	0.7%	0.8%	-542.9K	-2.0M	-22.2K	0.00	104.92	N/A	N/A	14	0	1,255	2,998
2026-02-13	$55.44	$56.00	18.9%	5.4%	19.8%	12.0%	19.9%	6.5%	4.6%	-1.0M	441.1K	-24.2K	0.17	103.46	N/A	N/A	6	1	1,268	2,998
2026-02-17	$56.06	$56.00	18.1%	5.2%	20.1%	10.8%	19.3%	4.6%	3.3%	-916.9K	-656.7K	-21.7K	1.77	100.68	N/A	N/A	13	23	1,270	2,998
2026-02-18	$56.22	$56.00	19.5%	5.6%	19.0%	12.9%	19.8%	5.7%	2.5%	-740.7K	-1.4M	-21.0K	7.50	104.17	N/A	N/A	2	15	1,272	2,981
2026-02-19	$55.78	$56.00	17.9%	5.1%	19.2%	10.5%	0.0%	5.1%	4.2%	-1.0M	-34.4K	-21.3K	0.00	104.19	N/A	N/A	1	0	1,273	2,996
2026-02-20	$56.80	$56.00	14.7%	4.2%	20.0%	5.7%	16.1%	3.1%	7.6%	-458.5K	-2.5M	-19.5K	0.04	107.25	N/A	N/A	145	6	1,273	2,996
2026-02-23	$56.95	$56.00	20.2%	5.8%	20.0%	13.6%	19.6%	2.3%	-1.3%	-187.1K	-3.3M	-19.3K	8.72	98.49	N/A	N/A	60	523	1,343	1,711
2026-02-24	$57.05	$57.00	19.9%	5.7%	19.8%	13.1%	0.0%	7.5%	-1.2%	-454.3K	-1.5M	-22.8K	0.50	102.98	N/A	N/A	2	1	1,351	2,234
2026-02-25	$57.64	$57.00	19.3%	5.5%	18.8%	12.2%	20.0%	2.5%	-1.1%	-450.1K	-2.4M	-21.9K	0.00	103.04	N/A	N/A	35	0	1,353	2,235
2026-02-26	$57.91	$57.00	17.2%	4.9%	18.2%	9.1%	17.0%	4.5%	1.1%	-389.8K	-3.2M	-20.7K	1.00	101.22	N/A	N/A	2	2	1,369	2,235
2026-02-27	$57.34	$57.00	19.3%	5.5%	18.6%	12.2%	17.1%	0.1%	0.2%	-441.7K	-3.1M	-19.9K	0.00	103.06	N/A	N/A	2	0	1,372	2,236