EWC Options History — February 2018

In February 2018, EWC traded between $27.47 and $29.80. ATM implied volatility averaged 22.6%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 6.0% (HV 20d: 16.6%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 5.84.

Notable Days

2018-02-15: Highest Volume — 8,813 contracts
2018-02-06: Largest IV spike — 111.0% change
2018-02-02: Highest IV Rank — 100.0%
2018-02-09: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.23	$27.47	$29.80	$29.80	$27.81
Max Pain	$28.26	$28.00	$29.00	$28.00	$28.00
ATM IV	22.6%	15.1%	57.7%	15.1%	19.5%
Expected Move	5.9%	4.5%	8.7%	4.5%	5.6%
HV 20d	16.6%	8.1%	19.5%	8.1%	19.5%
HV 60d	12.5%	8.8%	13.8%	8.8%	13.8%
IV Rank	42.9%	21.4%	100.0%	71.2%	27.3%
IV Percentile	95.9%	77.4%	100.0%	77.4%	96.0%
Term Structure	-2.0%	-5.6%	0.1%	0.1%	-3.8%
VWIV	21.6%	15.3%	27.9%	15.7%	15.3%
Skew 25d	8.9%	4.1%	37.1%	5.0%	4.1%
Skew 10d	14.4%	0.5%	29.8%	14.7%	0.5%
Call IV 25d	17.3%	14.1%	23.9%	14.2%	18.0%
Put IV 25d	26.2%	19.3%	57.3%	19.3%	22.1%
Bid-Ask Spread %	38.55	10.69	109.75	62.39	24.99
Gamma HHI	0.21	0.18	0.23	0.18	0.22
Net GEX	-1.3M	-1.5M	-994.6K	-994.6K	-1.5M
Net DEX	16.2M	7.1M	22.8M	7.1M	15.8M
Net VEX	-141.3K	-157.2K	-125.7K	-138.7K	-132.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.84	1.10	11.96	1.67	2.52
Total Volume	5,642.947	2,282	8,813	3,603	6,853
Total OI	26,178.684	23,947	27,470	23,947	26,577

Daily Data (19 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
2018-02-01	$29.80	$28.00	15.1%	4.5%	8.1%	71.2%	15.7%	5.0%	0.1%	-994.6K	7.1M	-138.7K	1.67	62.39	N/A	N/A	1,349	2,254	4,154	19,793
2018-02-02	$28.96	$28.00	19.3%	5.2%	12.4%	100.0%	16.5%	5.4%	-0.6%	-1.0M	11.5M	-142.6K	1.37	57.10	N/A	N/A	1,477	2,018	4,190	19,917
2018-02-05	$28.21	$29.00	27.3%	6.1%	14.9%	100.0%	27.1%	10.5%	-1.6%	-1.2M	17.7M	-157.2K	1.10	109.75	N/A	N/A	1,439	1,582	4,330	20,923
2018-02-06	$28.30	$29.00	57.7%	6.9%	15.1%	100.0%	19.8%	37.1%	-3.5%	-1.2M	17.7M	-150.9K	2.82	87.35	N/A	N/A	597	1,685	4,399	20,970
2018-02-07	$28.11	$29.00	22.0%	6.3%	15.1%	32.1%	20.5%	8.4%	-1.0%	-1.1M	18.7M	-150.9K	3.27	40.06	N/A	N/A	565	1,848	4,400	20,966
2018-02-08	$27.48	$29.00	26.2%	7.5%	16.4%	40.1%	27.4%	12.6%	-3.6%	-1.0M	22.4M	-151.3K	2.63	62.18	N/A	N/A	714	1,876	4,410	21,064
2018-02-09	$27.47	$29.00	30.4%	8.7%	16.1%	48.1%	27.9%	10.6%	-5.6%	-1.0M	22.8M	-148.2K	11.82	67.60	N/A	N/A	656	7,754	4,260	21,066
2018-02-12	$27.79	$28.00	21.5%	6.2%	16.8%	31.1%	23.6%	8.0%	-1.5%	-1.4M	20.3M	-150.9K	11.96	41.41	N/A	N/A	655	7,836	4,285	22,968
2018-02-13	$27.81	$28.00	20.7%	5.9%	16.7%	29.6%	22.7%	6.5%	-1.1%	-1.4M	19.9M	-143.0K	10.52	29.31	N/A	N/A	739	7,776	4,287	22,888
2018-02-14	$28.22	$28.00	19.5%	5.6%	17.9%	27.3%	22.1%	6.4%	-2.2%	-1.4M	17.7M	-141.8K	8.27	28.96	N/A	N/A	945	7,819	4,336	22,937
2018-02-15	$28.36	$28.00	18.6%	5.3%	18.1%	25.6%	20.1%	7.9%	-1.6%	-1.4M	16.1M	-141.7K	8.27	24.61	N/A	N/A	951	7,862	4,414	22,968
2018-02-16	$28.33	$28.00	18.6%	5.3%	18.2%	25.6%	20.9%	5.8%	-1.3%	-1.3M	16.0M	-139.2K	5.48	19.80	N/A	N/A	951	5,213	4,439	23,031
2018-02-20	$28.12	$28.00	19.9%	5.7%	18.0%	28.1%	26.0%	7.1%	-1.9%	-1.3M	15.7M	-137.1K	6.52	11.83	N/A	N/A	749	4,881	4,304	22,219
2018-02-21	$28.18	$28.00	19.1%	5.5%	18.0%	26.7%	24.4%	6.1%	-1.3%	-1.3M	14.5M	-134.8K	6.43	11.97	N/A	N/A	758	4,872	4,304	22,258
2018-02-22	$28.12	$28.00	19.5%	5.6%	17.9%	27.3%	24.4%	6.6%	-3.7%	-1.4M	15.9M	-134.6K	6.44	12.86	N/A	N/A	758	4,882	4,309	22,271
2018-02-23	$28.47	$28.00	19.0%	5.4%	18.7%	26.4%	25.6%	7.4%	-0.5%	-1.3M	13.3M	-133.1K	6.60	15.85	N/A	N/A	739	4,880	4,309	22,281
2018-02-26	$28.57	$28.00	16.4%	4.7%	18.7%	21.4%	15.6%	6.7%	-0.7%	-1.3M	11.3M	-125.7K	6.59	10.69	N/A	N/A	743	4,898	4,310	22,281
2018-02-27	$28.34	$28.00	19.7%	5.6%	18.7%	27.7%	15.8%	6.8%	-1.7%	-1.3M	13.4M	-129.9K	6.59	13.79	N/A	N/A	743	4,899	4,326	22,251
2018-02-28	$27.81	$28.00	19.5%	5.6%	19.5%	27.3%	15.3%	4.1%	-3.8%	-1.5M	15.8M	-132.7K	2.52	24.99	N/A	N/A	1,949	4,904	4,326	22,251