EWC Options History — May 2017

In May 2017, EWC traded between $25.79 and $26.48. ATM implied volatility averaged 16.5%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 2.0% (HV 20d: 14.4%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.69.

Notable Days

  • 2017-05-05: Highest Volume — 18,795 contracts
  • 2017-05-23: Largest IV drop — 8.3% change
  • 2017-05-31: Highest IV Rank — 24.6%
  • 2017-05-31: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.22$25.79$26.48$26.24$26.16
Max Pain$26.00$26.00$26.00$26.00$26.00
ATM IV16.5%15.7%17.6%16.2%17.6%
Expected Move4.7%4.6%5.0%4.6%5.0%
HV 20d14.4%11.2%16.5%11.5%15.6%
HV 60d12.5%11.2%13.7%11.3%12.9%
IV Rank21.6%19.5%24.6%21.0%24.6%
IV Percentile68.3%60.3%77.0%65.1%77.0%
Term Structure0.1%-1.3%1.2%0.6%-1.3%
VWIV16.0%12.4%20.0%16.2%16.0%
Skew 25d6.5%4.2%10.8%8.6%8.9%
Skew 10d10.2%3.5%17.0%9.9%9.3%
Call IV 25d12.2%8.4%15.6%10.3%11.2%
Put IV 25d18.6%14.4%21.3%18.9%20.0%
Bid-Ask Spread %29.139.9273.7135.6614.89
Gamma HHI0.240.200.420.300.21
Net GEX34.6K-915.7K2.6M1.7M-915.7K
Net DEX4.9M-8.0M14.2M-6.0M9.6M
Net VEX-311.1K-338.1K-235.1K-236.2K-317.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.690.1014.709.590.26
Total Volume9,069.1363,43918,7954,9568,107
Total OI61,660.59149,04265,79049,04265,790

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-05-01$26.24$26.0016.2%4.6%11.5%21.0%16.2%8.6%0.6%1.7M-6.0M-236.2K9.5935.66N/AN/A4684,48825,33423,708
2017-05-02$26.23$26.0016.0%4.6%11.3%20.4%15.8%9.7%0.6%1.6M-5.2M-235.1K14.7016.90N/AN/A4426,49725,38423,713
2017-05-03$26.12$26.0016.2%4.6%11.2%20.9%13.1%4.2%0.8%1.4M-2.0M-245.4K6.7565.49N/AN/A4442,99525,40125,714
2017-05-04$25.79$26.0015.7%4.9%11.8%19.5%18.0%6.5%-0.5%2.6M-8.0M-272.1K1.0639.20N/AN/A8,6429,18634,01325,735
2017-05-05$26.29$26.0016.1%4.8%13.9%20.6%17.7%6.7%-0.6%-180.6K8.7M-312.1K1.1842.26N/AN/A8,63910,15624,96734,105
2017-05-08$26.35$26.0016.9%4.8%13.9%22.7%17.3%6.3%1.2%137.5K6.5M-328.1K0.7038.23N/AN/A8,6356,02624,96735,215
2017-05-09$26.10$26.0016.4%4.7%13.6%21.4%20.0%5.8%0.4%-82.6K9.2M-325.2K0.2529.26N/AN/A8,6502,12525,01735,233
2017-05-10$26.38$26.0016.4%4.7%14.3%21.4%19.7%6.1%0.9%68.6K6.3M-320.1K0.2425.26N/AN/A8,6502,11525,03035,754
2017-05-11$26.13$26.0016.0%4.6%14.6%20.3%16.1%6.8%0.9%-279.8K9.1M-320.9K0.2524.01N/AN/A8,6312,12225,03035,757
2017-05-12$26.08$26.0016.3%4.7%14.2%21.1%18.1%5.1%0.4%-486.5K10.8M-321.5K0.4023.22N/AN/A6,6202,65225,07436,290
2017-05-15$26.39$26.0016.5%4.7%14.5%21.8%16.8%5.6%-0.2%-112.4K3.9M-338.1K0.1019.17N/AN/A6,58264627,09938,335
2017-05-16$26.35$26.0016.1%4.6%14.4%20.6%16.3%5.1%0.9%7333.8M-335.6K0.1024.44N/AN/A6,57865527,10538,344
2017-05-17$25.79$26.0016.2%4.7%15.7%21.0%14.4%4.3%0.7%-640.8K13.4M-337.9K0.1473.71N/AN/A6,42090127,10838,363
2017-05-18$25.88$26.0017.4%5.0%15.4%24.1%18.0%9.0%-0.0%-902.1K14.2M-326.6K0.1425.78N/AN/A6,44192827,12638,338
2017-05-19$26.29$26.0016.8%4.8%16.5%22.5%17.4%10.8%-0.2%-362.3K6.2M-330.7K0.1424.31N/AN/A6,42487727,14138,326
2017-05-22$26.48$26.0017.4%5.0%16.4%24.1%13.3%5.9%-1.0%-242.0K2.6M-326.5K0.1421.76N/AN/A6,43088527,04637,908
2017-05-23$26.39$26.0015.9%4.6%16.4%20.3%13.4%4.7%0.3%-274.6K3.9M-327.4K0.1414.55N/AN/A6,43990027,06737,888
2017-05-24$26.42$26.0016.5%4.7%16.0%21.7%13.9%5.3%-0.1%-422.4K4.1M-323.9K0.2429.87N/AN/A6,4391,52627,08537,905
2017-05-25$26.34$26.0016.2%4.6%15.4%21.0%13.8%5.2%0.1%-582.7K5.7M-326.3K0.2516.76N/AN/A6,4441,59927,08538,576
2017-05-26$26.37$26.0016.3%4.7%15.4%21.3%12.4%5.5%-1.1%-550.3K5.5M-322.3K0.2526.19N/AN/A6,4441,61527,07538,636
2017-05-30$26.32$26.0017.3%5.0%15.4%23.8%14.2%5.8%-0.3%-653.6K6.5M-316.2K0.259.92N/AN/A6,4301,62827,06938,677
2017-05-31$26.16$26.0017.6%5.0%15.6%24.6%16.0%8.9%-1.3%-915.7K9.6M-317.3K0.2614.89N/AN/A6,4301,67727,07638,714