EWC Options History — December 2017

In December 2017, EWC traded between $28.80 and $29.63. ATM implied volatility averaged 10.2%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 0.7% (HV 20d: 9.5%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 4.74.

Notable Days

  • 2017-12-04: Highest Volume — 8,811 contracts
  • 2017-12-28: Largest IV drop — 35.4% change
  • 2017-12-01: Highest IV Rank — 55.8%
  • 2017-12-01: Largest Expected Move — 4.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.19$28.80$29.63$29.37$29.62
Max Pain$28.90$27.00$29.00$27.00$29.00
ATM IV10.2%5.1%14.3%14.3%5.1%
Expected Move3.0%1.5%4.1%4.1%1.5%
HV 20d9.5%8.6%10.3%9.3%9.9%
HV 60d7.8%7.3%8.4%7.4%8.4%
IV Rank21.5%0.0%55.8%55.8%0.0%
IV Percentile17.2%0.0%73.0%73.0%0.0%
Term Structure1.9%-4.5%5.0%-1.0%5.0%
VWIV12.5%5.2%18.6%18.6%10.5%
Skew 25d5.1%-1.0%8.1%8.1%6.0%
Skew 10d7.8%1.9%14.3%12.5%4.9%
Call IV 25d7.6%5.1%11.2%8.2%5.1%
Put IV 25d12.8%6.1%16.3%16.3%11.1%
Bid-Ask Spread %13.086.7227.4115.9520.78
Gamma HHI0.450.270.540.350.27
Net GEX-2.0M-2.8M-987.3K-1.2M-987.3K
Net DEX3.0M-4.1M13.5M-4.1M3.2M
Net VEX-143.1K-160.4K-118.1K-148.7K-124.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.741.0923.2023.202.12
Total Volume5,263.852,2778,8118,1803,633
Total OI45,653.840,03651,18746,29741,797

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-12-01$29.37$27.0014.3%4.1%9.3%55.8%18.6%8.1%-1.0%-1.2M-4.1M-148.7K23.2015.95N/AN/A3387,8428,60237,695
2017-12-04$29.22$29.0013.0%3.7%9.4%43.5%14.7%4.2%1.1%-1.8M-2.2M-153.3K8.0819.55N/AN/A9707,8418,61740,196
2017-12-05$29.15$29.0013.1%3.5%8.9%44.3%14.5%5.5%2.1%-1.6M-1.2M-156.2K8.2710.95N/AN/A9457,8159,24840,206
2017-12-06$28.94$29.0011.6%3.3%9.2%30.5%14.7%7.0%2.8%-1.9M2.0M-160.4K5.8116.98N/AN/A9515,5219,24840,211
2017-12-07$29.04$29.0011.6%3.3%9.2%30.4%14.4%7.0%2.2%-2.0M1.5M-155.5K5.8311.74N/AN/A9445,5089,24940,361
2017-12-08$29.14$29.0011.1%3.3%9.3%26.5%17.1%7.0%2.1%-2.0M-396.0K-152.9K5.659.11N/AN/A9675,4669,24940,365
2017-12-11$29.16$29.0010.1%3.4%9.2%16.6%17.4%7.2%2.0%-1.8M-1.6M-150.3K5.1310.67N/AN/A1,0665,4669,27240,378
2017-12-12$29.19$29.0010.4%3.3%9.1%19.8%16.0%7.7%2.4%-1.8M-1.9M-147.7K6.4213.28N/AN/A1,0426,6899,24840,378
2017-12-13$29.27$29.0010.8%3.1%8.7%23.5%6.2%7.1%2.7%-1.8M-2.1M-157.1K3.8327.41N/AN/A1,4955,7309,24141,631
2017-12-14$29.21$29.0010.3%3.0%8.6%18.8%12.9%6.4%2.5%-1.9M-1.6M-156.0K3.839.85N/AN/A1,4995,7359,27241,915
2017-12-15$29.00$29.009.5%2.7%9.0%11.3%7.1%4.3%3.2%-2.5M1.4M-157.9K4.9018.15N/AN/A1,1655,7139,26941,906
2017-12-18$29.18$29.0010.2%2.9%9.2%18.0%15.2%5.4%2.3%-2.3M9.6M-147.8K1.559.80N/AN/A1,0691,6585,02136,592
2017-12-19$28.80$29.009.8%2.8%10.3%14.1%11.0%4.6%2.2%-2.8M13.5M-143.5K1.458.81N/AN/A1,0691,5463,48636,592
2017-12-20$28.93$29.008.9%2.6%10.1%6.3%9.8%6.9%1.6%-2.7M10.3M-138.7K1.4310.52N/AN/A1,0691,5293,56936,467
2017-12-21$29.17$29.007.1%2.0%10.3%0.0%5.2%-0.2%2.5%-2.0M6.2M-120.3K1.7713.55N/AN/A1,0461,8493,56936,467
2017-12-22$29.17$29.008.5%2.4%10.3%11.9%9.6%1.5%1.8%-2.3M7.9M-129.1K1.639.18N/AN/A1,0461,7083,56937,037
2017-12-26$29.25$29.009.4%2.7%9.9%19.5%12.2%4.5%2.8%-2.1M6.5M-118.8K1.586.72N/AN/A1,0471,6583,57137,471
2017-12-27$29.38$29.0011.4%3.3%9.9%36.1%15.6%-1.0%-4.5%-2.3M6.9M-118.1K1.178.39N/AN/A1,0471,2303,57937,477
2017-12-28$29.63$29.007.4%2.1%9.9%2.7%7.4%3.2%2.1%-1.4M5.4M-124.6K1.0910.26N/AN/A1,1341,2313,57937,476
2017-12-29$29.62$29.005.1%1.5%9.9%0.0%10.5%6.0%5.0%-987.3K3.2M-124.9K2.1220.78N/AN/A1,1652,4684,31737,480