EWI Options History — March 2026

In March 2026, EWI traded between $50.61 and $55.94. ATM implied volatility averaged 32.2%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 6.5% (HV 20d: 25.6%). Max pain ranged from $54.00 to $57.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 27.63.

Notable Days

  • 2026-03-16: Highest Volume — 2,406 contracts
  • 2026-03-03: Largest IV spike — 38.4% change
  • 2026-03-31: Highest IV Rank — 39.5%
  • 2026-03-31: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.80$50.61$55.94$55.94$53.30
Max Pain$55.10$54.00$57.00$57.00$55.00
ATM IV32.2%23.0%37.5%23.0%37.5%
Expected Move8.8%6.6%10.8%6.6%10.8%
HV 20d25.6%20.7%32.1%20.7%32.1%
HV 60d19.5%15.7%23.3%15.7%23.3%
IV Rank31.5%17.7%39.5%17.7%39.5%
IV Percentile96.0%88.1%98.4%88.1%98.4%
Term Structure-1.7%-7.8%4.5%-7.8%-6.1%
VWIV32.8%23.0%40.8%23.5%36.2%
Skew 25d11.4%-1.5%21.4%10.0%7.8%
Skew 10d12.6%-0.6%26.1%3.6%15.0%
Call IV 25d24.0%16.5%34.4%17.0%29.3%
Put IV 25d35.3%25.6%41.4%26.9%37.1%
Bid-Ask Spread %80.4655.71117.8799.0067.52
Gamma HHI0.260.220.330.230.28
Net GEX-149.5K-467.6K-7.3K-467.6K-16.9K
Net DEX2.7M65.7K4.4M65.7K1.4M
Net VEX-21.5K-27.0K-14.9K-22.2K-24.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio27.630.00400.000.920.64
Total Volume167.71402,406256
Total OI3,620.7622,6854,6313,6102,720

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$55.94$57.0023.0%6.6%20.7%17.7%23.5%10.0%-7.8%-467.6K65.7K-22.2K0.9299.00N/AN/A13121,3742,236
2026-03-03$53.92$57.0031.8%9.1%24.3%30.9%27.7%4.7%-2.2%-216.2K2.8M-20.7K0.90117.87N/AN/A20181,3772,240
2026-03-04$54.61$57.0030.1%8.6%24.5%28.4%28.3%7.2%-6.9%-314.0K1.9M-21.7K1.00104.25N/AN/A17171,3932,270
2026-03-05$53.41$55.0034.9%7.8%25.5%35.6%30.4%7.2%-6.0%-237.4K3.1M-21.1K21.3995.20N/AN/A285991,4062,285
2026-03-06$52.95$55.0033.7%7.5%24.6%33.8%23.0%11.0%-0.4%-169.5K3.9M-19.0K0.12102.42N/AN/A114141,4002,836
2026-03-09$53.59$55.0031.6%6.9%24.8%30.7%0.0%8.1%1.0%-213.9K3.7M-18.2K5.00112.23N/AN/A3151,4012,847
2026-03-10$53.83$55.0035.8%8.0%22.8%37.0%32.9%17.8%3.9%-322.2K2.2M-20.0K0.00102.82N/AN/A1001,4042,857
2026-03-11$53.58$55.0025.2%7.2%22.8%21.0%0.0%13.9%4.5%-259.1K3.1M-19.2K0.27101.67N/AN/A1541,4042,857
2026-03-12$52.71$55.0032.8%9.5%23.2%32.4%32.7%17.8%-2.3%-167.7K4.3M-17.2K1.0055.71N/AN/A331,4012,857
2026-03-13$52.02$54.0027.3%9.8%23.4%24.2%0.0%17.5%2.0%-144.9K2.8M-16.0K0.0574.48N/AN/A2011,3962,558
2026-03-16$52.64$54.0031.5%8.6%23.3%30.5%0.0%17.3%-3.1%-25.2K3.3M-14.9K400.0069.94N/AN/A62,4001,3962,558
2026-03-17$53.34$54.0031.5%7.6%23.5%30.5%36.5%19.2%0.6%-283.4K3.9M-27.0K3.0064.58N/AN/A8241,3903,210
2026-03-18$52.39$54.0031.0%9.3%24.0%29.8%38.7%21.4%-4.0%-175.1K4.4M-26.2K0.0072.06N/AN/A0241,3963,235
2026-03-20$50.61$55.0036.7%9.3%26.4%38.3%40.8%19.0%0.0%-19.9K2.9M-23.1K3.6066.49N/AN/A10361,4022,729
2026-03-23$52.25$55.0031.0%8.7%28.3%29.8%34.3%6.2%-2.0%-25.5K2.2M-23.9K4.1374.53N/AN/A8331,2931,392
2026-03-24$51.64$55.0032.8%9.9%28.3%32.4%0.0%-1.5%1.9%-7.3K2.4M-23.3K0.0067.49N/AN/A301,3011,396
2026-03-25$52.41$55.0028.3%8.3%29.1%25.7%40.8%11.4%-0.5%-27.1K1.6M-24.9K0.0062.05N/AN/A091,3011,396
2026-03-26$51.52$55.0036.4%10.4%28.9%37.8%0.0%8.7%-0.7%-15.0K2.2M-23.6K0.0059.47N/AN/A0111,3011,395
2026-03-27$50.97$55.0036.3%10.4%28.7%37.7%36.2%8.2%-1.3%-17.8K2.4M-22.8K0.6462.66N/AN/A1171,3011,405
2026-03-30$51.27$55.0036.5%10.5%29.0%38.0%0.0%5.8%-7.3%-14.0K2.4M-22.3K0.0057.17N/AN/A001,3081,412
2026-03-31$53.30$55.0037.5%10.8%32.1%39.5%0.0%7.8%-6.1%-16.9K1.4M-24.4K0.0067.52N/AN/A061,3081,412