EWC Options History — January 2018

In January 2018, EWC traded between $29.85 and $30.41. ATM implied volatility averaged 12.2%, placing in the 50.4% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 3.3% (HV 20d: 8.9%). Max pain ranged from $29.00 to $31.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.40.

Notable Days

  • 2018-01-29: Highest Volume — 3,934 contracts
  • 2018-01-04: Largest IV spike — 33.4% change
  • 2018-01-31: Highest IV Rank — 76.7%
  • 2018-01-31: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.15$29.85$30.41$29.94$29.93
Max Pain$29.81$29.00$31.00$29.00$30.00
ATM IV12.2%7.9%15.9%8.7%15.9%
Expected Move3.5%2.3%4.6%2.5%4.6%
HV 20d8.9%7.6%10.2%9.4%8.0%
HV 60d8.7%8.4%9.0%8.6%8.8%
IV Rank50.4%19.9%76.7%25.1%76.7%
IV Percentile41.7%1.2%84.9%2.4%84.9%
Term Structure0.4%-0.9%2.2%1.4%0.1%
VWIV12.7%7.6%16.3%8.9%16.3%
Skew 25d4.0%2.0%6.3%5.0%3.9%
Skew 10d7.8%1.0%13.1%6.6%9.9%
Call IV 25d10.7%5.4%15.7%7.7%15.3%
Put IV 25d14.7%11.3%20.8%12.8%19.3%
Bid-Ask Spread %37.597.8874.6725.3470.74
Gamma HHI0.230.170.320.280.18
Net GEX-452.9K-931.8K16.6K-473.3K-931.8K
Net DEX912.0K-2.0M6.3M1.1M6.3M
Net VEX-119.5K-137.7K-92.0K-117.9K-137.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.722.641.311.79
Total Volume2,769.7141,6043,9342,1063,666
Total OI34,893.8122,18543,74441,27323,892

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-01-02$29.94$29.008.7%2.5%9.4%25.1%8.9%5.0%1.4%-473.3K1.1M-117.9K1.3125.34N/AN/A9111,1954,35736,916
2018-01-03$30.03$29.007.9%2.3%9.2%19.9%7.9%4.0%2.2%16.6K-2.0M-92.0K1.2022.43N/AN/A8269914,39636,941
2018-01-04$30.26$29.0010.6%3.1%9.3%38.8%7.6%6.3%1.1%-312.1K-923.4K-108.3K1.7042.15N/AN/A5941,0104,15836,951
2018-01-05$30.35$29.0010.0%2.9%8.7%34.8%10.2%2.7%1.3%-306.2K-1.6M-107.1K2.6426.51N/AN/A5661,4964,14536,970
2018-01-08$30.26$29.009.8%3.1%8.8%33.2%10.9%2.0%1.0%-287.0K-592.5K-110.0K2.6025.86N/AN/A5851,5224,14137,469
2018-01-09$30.18$29.009.1%3.2%9.0%28.2%10.2%2.7%0.6%-272.7K-256.9K-111.6K2.3657.55N/AN/A6591,5534,12437,995
2018-01-10$29.85$30.0011.1%3.2%10.1%42.2%11.5%3.3%0.7%-475.9K1.7M-118.0K0.7340.84N/AN/A1,4941,0854,15737,528
2018-01-11$29.99$30.0010.6%3.0%10.1%39.2%11.2%5.3%0.8%-127.4K407.4K-122.0K0.887.88N/AN/A1,4951,3185,02637,675
2018-01-12$30.13$30.0010.6%3.0%10.2%39.0%10.5%5.7%0.5%-113.8K-734.7K-118.6K0.9017.26N/AN/A1,4771,3235,04437,942
2018-01-16$30.23$30.0011.3%3.2%10.1%43.8%12.0%3.1%-0.2%-99.5K-1.4M-115.9K0.7313.48N/AN/A1,4811,0855,05038,002
2018-01-17$30.26$30.0011.0%3.1%9.6%41.5%12.7%3.2%0.6%-205.0K-1.8M-113.4K0.7214.85N/AN/A1,4871,0775,05838,036
2018-01-18$30.22$30.0011.4%3.3%9.5%44.5%12.8%2.9%0.4%-130.1K-1.5M-117.0K0.8948.07N/AN/A1,6901,5105,06538,044
2018-01-19$30.14$30.0013.0%3.7%8.0%55.7%14.8%4.1%-0.1%-620.1K-1.2M-123.8K0.8754.62N/AN/A1,6511,4405,27838,466
2018-01-22$30.26$30.0014.0%4.0%7.9%63.0%14.4%4.2%-0.6%-662.9K2.4M-126.5K0.8317.89N/AN/A1,4301,1874,02718,158
2018-01-23$30.34$31.0014.6%4.2%7.6%67.7%15.9%4.4%-0.9%-628.9K1.6M-126.3K0.8114.59N/AN/A1,4311,1544,02718,191
2018-01-24$30.41$31.0015.0%4.3%7.6%70.1%15.9%5.0%-0.8%-610.9K977.4K-120.6K0.8621.72N/AN/A1,3361,1544,04418,287
2018-01-25$30.18$30.0015.0%4.3%8.3%70.2%15.4%4.6%-0.2%-639.8K2.0M-124.2K1.9174.67N/AN/A1,3412,5574,11118,287
2018-01-26$30.29$30.0015.3%4.4%8.3%72.5%15.4%3.3%-0.1%-838.3K3.5M-129.2K1.8968.40N/AN/A1,3302,5164,11019,356
2018-01-29$30.08$30.0015.8%4.5%8.4%76.2%15.8%3.2%0.3%-866.8K4.9M-133.3K2.0156.95N/AN/A1,3062,6284,11119,353
2018-01-30$29.86$30.0015.8%4.5%8.8%76.3%15.9%5.2%0.1%-924.8K6.2M-136.4K1.7667.67N/AN/A1,3062,3014,15419,728
2018-01-31$29.93$30.0015.9%4.6%8.0%76.7%16.3%3.9%0.1%-931.8K6.3M-137.7K1.7970.74N/AN/A1,3122,3544,15419,738