EWC Options History — August 2017

In August 2017, EWC traded between $27.18 and $27.93. ATM implied volatility averaged 13.2%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 4.7% (HV 20d: 8.5%). Max pain ranged from $25.00 to $27.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 7.72.

Notable Days

2017-08-04: Highest Volume — 12,011 contracts
2017-08-10: Largest IV spike — 30.0% change
2017-08-21: Highest IV Rank — 20.4%
2017-08-21: Largest Expected Move — 4.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.54	$27.18	$27.93	$27.85	$27.93
Max Pain	$25.17	$25.00	$27.00	$27.00	$25.00
ATM IV	13.2%	10.8%	16.0%	11.2%	12.1%
Expected Move	3.8%	3.2%	4.6%	3.2%	3.5%
HV 20d	8.5%	7.5%	9.7%	9.7%	9.1%
HV 60d	10.8%	10.2%	12.0%	12.0%	10.5%
IV Rank	13.0%	6.8%	20.4%	7.6%	10.1%
IV Percentile	37.6%	7.5%	71.4%	11.9%	24.6%
Term Structure	1.5%	-0.0%	3.0%	0.8%	0.3%
VWIV	14.8%	11.2%	16.4%	11.2%	15.0%
Skew 25d	5.0%	3.4%	6.5%	5.3%	6.5%
Skew 10d	10.0%	2.7%	14.8%	5.5%	7.3%
Call IV 25d	11.5%	9.0%	13.8%	9.7%	10.0%
Put IV 25d	16.5%	14.6%	18.6%	15.0%	16.5%
Bid-Ask Spread %	13.06	8.76	38.85	12.08	10.31
Gamma HHI	0.17	0.17	0.19	0.19	0.19
Net GEX	-455.1K	-769.1K	-25.3K	-55.6K	-637.0K
Net DEX	-2.7M	-8.9M	2.5M	-8.3M	-5.6M
Net VEX	-236.6K	-255.7K	-214.8K	-216.0K	-223.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	7.72	1.10	17.89	2.08	3.13
Total Volume	5,034.304	1,360	12,011	2,027	1,896
Total OI	53,121.217	47,122	56,609	47,122	56,609

Daily Data (23 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
2017-08-01	$27.85	$27.00	11.2%	3.2%	9.7%	7.6%	11.2%	5.3%	0.8%	-55.6K	-8.3M	-216.0K	2.08	12.08	N/A	N/A	659	1,368	12,055	35,067
2017-08-02	$27.91	$27.00	11.6%	3.3%	9.3%	8.9%	11.6%	4.8%	0.5%	-25.3K	-8.9M	-214.8K	17.84	10.54	N/A	N/A	636	11,349	12,105	35,124
2017-08-03	$27.76	$25.00	10.8%	3.4%	9.3%	6.8%	12.5%	3.6%	3.0%	-408.6K	-4.9M	-240.8K	17.86	21.10	N/A	N/A	636	11,360	12,115	41,126
2017-08-04	$27.76	$25.00	11.1%	3.4%	9.3%	7.5%	12.5%	6.2%	2.6%	-453.7K	-4.7M	-238.5K	17.89	11.34	N/A	N/A	636	11,375	12,165	41,126
2017-08-07	$27.72	$25.00	11.1%	3.5%	9.2%	7.6%	15.6%	5.8%	2.4%	-505.6K	-3.7M	-242.1K	9.95	10.91	N/A	N/A	540	5,374	12,165	41,141
2017-08-08	$27.70	$25.00	11.6%	3.5%	9.2%	8.9%	15.3%	5.3%	2.9%	-436.2K	-4.2M	-239.8K	10.40	10.44	N/A	N/A	518	5,385	12,164	41,139
2017-08-09	$27.53	$25.00	12.0%	3.4%	7.9%	9.9%	15.5%	5.0%	2.8%	-548.7K	-1.7M	-248.6K	10.71	10.80	N/A	N/A	518	5,549	12,177	41,148
2017-08-10	$27.18	$25.00	15.6%	4.5%	9.2%	19.4%	15.0%	4.9%	0.8%	-703.3K	2.5M	-255.7K	9.86	38.85	N/A	N/A	529	5,217	12,177	41,270
2017-08-11	$27.24	$25.00	15.4%	4.4%	8.6%	18.8%	15.6%	4.9%	0.7%	-679.2K	2.1M	-253.3K	8.84	13.78	N/A	N/A	590	5,217	12,182	41,291
2017-08-14	$27.28	$25.00	15.4%	4.4%	8.4%	18.7%	15.2%	4.6%	1.1%	-563.3K	593.8K	-247.9K	8.69	11.56	N/A	N/A	590	5,125	12,244	41,288
2017-08-15	$27.21	$25.00	15.2%	4.4%	8.2%	18.2%	15.4%	4.0%	1.3%	-551.8K	2.2M	-249.3K	9.59	13.06	N/A	N/A	533	5,110	12,244	41,298
2017-08-16	$27.40	$25.00	15.1%	4.3%	8.0%	18.0%	15.5%	6.4%	1.5%	-544.6K	-91.1K	-246.9K	9.66	20.79	N/A	N/A	529	5,109	12,249	41,295
2017-08-17	$27.25	$25.00	15.5%	4.5%	8.1%	19.2%	15.4%	4.8%	1.1%	-483.3K	1.0M	-247.4K	9.66	10.64	N/A	N/A	529	5,109	12,280	41,307
2017-08-18	$27.30	$25.00	15.6%	4.5%	8.1%	19.5%	15.9%	5.4%	0.9%	-702.4K	483.6K	-245.0K	3.98	9.33	N/A	N/A	1,267	5,038	12,280	41,307
2017-08-21	$27.32	$25.00	16.0%	4.6%	8.1%	20.4%	16.3%	4.7%	-0.0%	-515.6K	-706.0K	-240.1K	1.10	8.76	N/A	N/A	843	927	12,088	40,854
2017-08-22	$27.39	$25.00	15.4%	4.4%	7.9%	18.7%	16.3%	4.6%	0.7%	-442.9K	-2.3M	-235.9K	2.07	12.01	N/A	N/A	453	937	12,093	41,084
2017-08-23	$27.60	$25.00	12.7%	3.6%	8.5%	11.7%	15.7%	5.7%	1.1%	-343.9K	-4.3M	-227.4K	1.91	9.47	N/A	N/A	505	963	12,094	41,104
2017-08-24	$27.67	$25.00	12.0%	3.4%	7.9%	9.8%	16.4%	5.0%	2.4%	-287.9K	-5.2M	-226.5K	2.00	12.21	N/A	N/A	501	1,004	12,148	41,117
2017-08-25	$27.73	$25.00	11.5%	3.3%	7.6%	8.6%	13.5%	5.6%	2.1%	-233.8K	-5.9M	-223.0K	2.18	10.16	N/A	N/A	463	1,009	12,179	41,237
2017-08-28	$27.61	$25.00	12.6%	3.6%	7.7%	11.4%	15.2%	4.5%	2.0%	-298.9K	-4.8M	-222.6K	1.94	9.60	N/A	N/A	463	897	12,199	41,256
2017-08-29	$27.63	$25.00	12.3%	3.5%	7.5%	10.6%	15.0%	4.1%	0.8%	-276.0K	-4.8M	-220.5K	8.42	10.78	N/A	N/A	463	3,900	12,199	41,391
2017-08-30	$27.52	$25.00	11.5%	3.3%	7.6%	8.5%	14.4%	3.4%	2.1%	-769.1K	-1.1M	-235.1K	7.89	11.94	N/A	N/A	469	3,701	12,199	44,408
2017-08-31	$27.93	$25.00	12.1%	3.5%	9.1%	10.1%	15.0%	6.5%	0.3%	-637.0K	-5.6M	-223.5K	3.13	10.31	N/A	N/A	459	1,437	12,199	44,410