EWC Options History — March 2018

In March 2018, EWC traded between $27.08 and $28.04. ATM implied volatility averaged 16.6%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 2.4% (HV 20d: 14.2%). Max pain ranged from $26.00 to $28.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 6.26.

Notable Days

  • 2018-03-02: Highest Volume — 7,936 contracts
  • 2018-03-05: Largest IV drop — 31.1% change
  • 2018-03-02: Highest IV Rank — 30.1%
  • 2018-03-02: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.62$27.08$28.04$27.64$27.57
Max Pain$27.48$26.00$28.00$28.00$28.00
ATM IV16.6%13.4%20.9%18.6%15.6%
Expected Move4.8%3.8%6.0%5.3%4.5%
HV 20d14.2%11.5%19.4%19.4%14.7%
HV 60d13.9%13.5%14.9%13.5%14.9%
IV Rank21.8%15.7%30.1%25.5%19.9%
IV Percentile78.6%59.5%97.6%92.5%71.0%
Term Structure0.2%-2.7%3.1%0.4%0.7%
VWIV20.3%14.8%28.0%27.2%18.2%
Skew 25d6.3%3.7%8.3%8.3%6.8%
Skew 10d13.1%1.5%17.8%12.8%16.8%
Call IV 25d14.1%8.3%19.8%16.1%12.5%
Put IV 25d20.4%16.6%25.2%24.4%19.3%
Bid-Ask Spread %41.398.18106.8782.8824.87
Gamma HHI0.230.160.350.200.19
Net GEX-1.3M-1.8M-924.4K-1.4M-1.1M
Net DEX18.3M13.8M23.8M19.8M15.8M
Net VEX-125.9K-138.4K-113.4K-132.0K-117.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.261.2715.962.7110.75
Total Volume3,689.9526437,9366,6872,678
Total OI26,985.52422,12931,86427,78722,921

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$27.64$28.0018.6%5.3%19.4%25.5%27.2%8.3%0.4%-1.4M19.8M-132.0K2.7182.88N/AN/A1,8044,8835,53222,255
2018-03-02$27.48$28.0020.9%6.0%19.4%30.1%28.0%5.4%3.1%-1.3M21.0M-135.0K11.42106.87N/AN/A6397,2975,55522,256
2018-03-05$27.55$27.0014.4%4.7%17.2%17.7%21.7%6.4%-0.0%-1.6M22.9M-137.3K6.7030.82N/AN/A7525,0355,55424,756
2018-03-06$27.74$28.0018.1%4.9%15.0%24.6%23.1%7.2%0.0%-1.6M19.1M-137.2K7.4392.23N/AN/A6554,8665,65224,928
2018-03-07$27.64$28.0018.8%5.0%15.0%26.0%24.1%7.6%-1.2%-1.6M21.3M-138.4K7.3998.92N/AN/A6544,8355,65624,939
2018-03-08$27.74$27.0016.2%4.6%14.9%21.1%23.0%7.2%1.3%-1.6M20.5M-135.9K15.9642.62N/AN/A3084,9165,66124,950
2018-03-09$28.01$26.0014.5%4.7%12.9%17.9%20.3%5.3%-0.2%-1.7M17.1M-135.8K2.9148.09N/AN/A1,6984,9355,73225,040
2018-03-12$28.02$26.0016.0%4.6%12.9%20.6%21.9%5.1%0.3%-1.7M15.6M-129.7K2.4618.53N/AN/A1,7164,2305,71925,060
2018-03-13$27.78$26.0014.8%4.3%12.7%18.3%20.9%4.8%1.1%-1.6M19.3M-121.0K10.9924.75N/AN/A3954,3405,74425,064
2018-03-14$27.89$27.0014.7%4.2%12.7%18.3%20.5%5.6%0.5%-1.8M17.1M-121.7K13.8716.30N/AN/A3955,4785,79425,106
2018-03-15$27.72$27.0014.0%4.0%11.7%16.9%20.6%3.9%1.6%-1.7M22.6M-121.9K9.7219.52N/AN/A4424,2985,79426,016
2018-03-16$27.75$27.0013.5%3.9%11.5%15.9%15.3%3.7%0.7%-965.3K23.8M-117.5K4.3211.40N/AN/A4281,8495,80626,058
2018-03-19$27.54$28.0013.7%3.9%11.8%16.4%17.5%7.5%1.3%-1.0M15.7M-120.6K1.4913.05N/AN/A3174713,85018,351
2018-03-20$27.56$28.0013.4%3.8%11.6%15.7%15.5%7.8%0.4%-1.0M15.5M-116.7K1.328.18N/AN/A3124133,85118,361
2018-03-21$28.04$28.0015.0%4.3%13.2%18.8%14.8%8.3%-0.1%-924.4K13.8M-133.9K1.2787.56N/AN/A3834863,85118,365
2018-03-22$27.47$28.0019.3%5.5%15.1%26.9%17.9%7.8%-0.5%-998.0K15.7M-118.8K2.8131.26N/AN/A1724833,90918,365
2018-03-23$27.22$28.0019.4%5.5%14.4%27.1%19.7%6.3%-0.8%-1.1M17.1M-120.1K2.0917.68N/AN/A2084353,91118,375
2018-03-26$27.40$28.0018.8%5.4%14.6%26.1%17.6%6.6%-1.4%-1.1M16.0M-113.4K5.3346.36N/AN/A2231,1893,87818,251
2018-03-27$27.20$28.0020.6%5.9%14.6%29.4%20.7%5.5%-2.7%-1.2M17.6M-119.3K5.1930.21N/AN/A2311,1993,89219,022
2018-03-28$27.08$28.0018.2%5.2%13.2%24.9%17.9%4.9%-0.5%-1.2M17.9M-119.0K5.2417.12N/AN/A2311,2103,89219,024
2018-03-29$27.57$28.0015.6%4.5%14.7%19.9%18.2%6.8%0.7%-1.1M15.8M-117.7K10.7524.87N/AN/A2282,4503,89219,029