EWC Options History — July 2017

In July 2017, EWC traded between $26.64 and $27.99. ATM implied volatility averaged 11.2%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded below realized volatility by 0.5% (HV 20d: 11.7%). Max pain ranged from $27.00 to $34.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 2.16.

Notable Days

  • 2017-07-03: Highest Volume — 6,786 contracts
  • 2017-07-18: Largest IV drop — 27.7% change
  • 2017-07-12: Highest IV Rank — 14.8%
  • 2017-07-12: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.45$26.64$27.99$26.94$27.98
Max Pain$27.55$27.00$34.00$34.00$27.00
ATM IV11.2%9.4%13.9%11.9%11.6%
Expected Move3.3%2.7%4.0%3.4%3.3%
HV 20d11.7%9.5%13.9%13.0%9.5%
HV 60d13.0%12.5%13.4%13.3%12.5%
IV Rank7.9%3.1%14.8%9.7%8.7%
IV Percentile14.1%1.2%46.0%16.3%17.5%
Term Structure0.9%-0.2%2.1%0.8%0.6%
VWIV12.0%9.7%13.6%12.0%11.4%
Skew 25d4.6%1.5%7.0%5.4%6.1%
Skew 10d7.2%-2.5%11.9%7.1%7.6%
Call IV 25d9.5%7.5%14.1%9.3%9.1%
Put IV 25d14.1%11.6%16.5%14.8%15.2%
Bid-Ask Spread %23.649.5099.8122.5611.74
Gamma HHI0.190.190.200.190.19
Net GEX-241.7K-740.5K129.6K-586.4K-67.3K
Net DEX-3.5M-10.3M5.6M2.4M-8.8M
Net VEX-240.1K-269.5K-214.8K-259.5K-215.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.161.2010.8210.821.66
Total Volume2,091.81,3336,7866,7862,138
Total OI47,011.146,58647,51446,58646,876

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-07-03$26.94$34.0011.9%3.4%13.0%9.7%12.0%5.4%0.8%-586.4K2.4M-259.5K10.8222.56N/AN/A5746,21211,48335,103
2017-07-05$26.78$31.0012.1%3.5%13.2%10.2%13.2%1.5%0.1%-730.3K5.5M-266.6K2.0999.81N/AN/A5741,20011,49835,101
2017-07-06$26.64$27.0012.0%3.7%13.0%9.9%10.9%6.8%0.8%-740.5K5.6M-266.2K2.0433.15N/AN/A5881,20111,49835,106
2017-07-07$26.74$27.0011.2%3.7%13.0%7.7%10.7%6.0%0.7%-671.3K5.3M-269.5K2.5621.98N/AN/A4731,20911,51435,106
2017-07-10$26.92$27.0012.6%3.7%13.0%11.4%12.6%7.0%1.1%-594.2K3.3M-259.9K1.3320.22N/AN/A8671,15011,56335,143
2017-07-11$26.88$27.0011.6%3.7%13.0%8.7%12.6%6.1%0.6%-599.3K2.8M-260.5K1.2820.75N/AN/A8671,10911,97135,163
2017-07-12$27.30$27.0013.9%4.0%13.9%14.8%13.6%3.1%-0.2%-351.2K-1.9M-252.1K1.4031.68N/AN/A8571,19811,97635,171
2017-07-13$27.33$27.0012.9%3.7%13.0%12.3%12.5%3.1%1.0%-329.1K-2.5M-249.9K1.2126.44N/AN/A9321,12712,11535,285
2017-07-14$27.58$27.0010.4%3.0%13.0%5.7%13.5%4.5%1.9%-143.6K-4.7M-246.1K1.3332.45N/AN/A7811,04112,18635,295
2017-07-17$27.43$27.0013.2%3.8%13.2%13.0%12.9%4.5%0.8%-247.4K-4.1M-243.1K1.3913.10N/AN/A7811,08812,15735,292
2017-07-18$27.57$27.009.5%2.7%13.2%3.4%12.3%4.1%1.0%-180.2K-4.4M-243.7K1.4011.05N/AN/A7811,09512,15735,357
2017-07-19$27.81$27.0010.7%3.1%10.6%6.4%13.5%4.4%0.8%29.1K-7.2M-234.0K1.249.50N/AN/A8751,08612,15735,323
2017-07-20$27.87$27.009.4%2.7%10.2%3.1%12.5%4.4%1.8%68.7K-8.5M-222.5K1.2518.88N/AN/A8541,06812,15435,323
2017-07-21$27.82$27.009.7%2.8%9.9%3.8%13.0%3.5%2.1%47.9K-7.7M-225.9K1.2012.02N/AN/A8351,00412,16335,345
2017-07-24$27.81$27.009.9%2.8%10.0%4.4%10.3%3.9%1.3%111.8K-8.6M-220.8K2.2014.05N/AN/A41691712,07234,647
2017-07-25$27.95$27.009.6%2.7%10.0%3.5%9.7%5.1%1.4%129.6K-9.9M-216.5K2.1311.05N/AN/A43993612,06934,645
2017-07-26$27.99$27.0010.7%3.1%10.0%6.4%10.0%3.6%-0.0%128.3K-10.3M-215.0K1.7036.14N/AN/A7271,23711,99534,649
2017-07-27$27.73$27.0010.8%3.1%9.7%6.8%10.8%3.6%0.7%-50.1K-7.4M-218.8K2.1712.79N/AN/A5661,23011,85534,937
2017-07-28$27.90$27.0011.1%3.2%9.5%7.5%11.2%5.3%0.9%-59.4K-8.4M-214.8K2.8113.43N/AN/A4731,33011,81234,960
2017-07-31$27.98$27.0011.6%3.3%9.5%8.7%11.4%6.1%0.6%-67.3K-8.8M-215.8K1.6611.74N/AN/A8041,33411,81635,060