EWC Options History — April 2018

In April 2018, EWC traded between $27.18 and $28.40. ATM implied volatility averaged 14.9%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 0.1% (HV 20d: 15.0%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 24.20.

Notable Days

  • 2018-04-19: Highest Volume — 15,091 contracts
  • 2018-04-10: Largest IV spike — 20.9% change
  • 2018-04-02: Highest IV Rank — 31.4%
  • 2018-04-02: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.91$27.18$28.40$27.18$28.21
Max Pain$28.10$28.00$30.00$28.00$28.00
ATM IV14.9%12.3%21.6%21.6%14.1%
Expected Move4.2%3.5%6.2%6.2%4.0%
HV 20d15.0%9.9%16.9%15.4%9.9%
HV 60d15.5%15.0%15.7%15.1%15.7%
IV Rank18.5%13.7%31.4%31.4%17.0%
IV Percentile63.0%43.3%98.0%98.0%61.9%
Term Structure-0.0%-2.7%2.2%-2.7%-0.8%
VWIV14.1%9.5%23.2%23.2%14.1%
Skew 25d5.5%-0.4%9.7%7.5%3.8%
Skew 10d7.8%-2.0%17.9%17.9%3.9%
Call IV 25d11.4%7.5%18.1%18.1%8.9%
Put IV 25d16.9%11.1%25.6%25.6%12.8%
Bid-Ask Spread %41.617.76121.7213.7923.03
Gamma HHI0.290.170.550.220.55
Net GEX-1.6M-3.6M-610.7K-1.2M-3.6M
Net DEX18.9M12.4M26.4M18.2M24.5M
Net VEX-143.7K-162.8K-119.3K-120.8K-157.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio24.202.6460.5010.7760.50
Total Volume8,503.3812,67215,0912,6729,901
Total OI31,031.76224,13038,56424,13037,262

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$27.18$28.0021.6%6.2%15.4%31.4%23.2%7.5%-2.7%-1.2M18.2M-120.8K10.7713.79N/AN/A2272,4453,89220,238
2018-04-03$27.35$28.0019.7%5.7%15.6%27.8%20.1%5.4%-1.3%-1.2M17.4M-119.3K28.6411.86N/AN/A2256,4443,89220,243
2018-04-04$27.45$28.0019.6%5.6%15.4%27.6%18.3%7.1%-2.3%-1.3M19.4M-142.4K31.1112.20N/AN/A2076,4393,89724,283
2018-04-05$27.83$30.0018.5%3.7%16.2%25.5%13.2%8.2%2.2%-1.4M18.2M-145.9K32.19101.58N/AN/A2006,4373,90524,302
2018-04-06$27.52$28.0016.6%4.6%16.6%21.8%15.5%5.8%-1.6%-1.2M17.6M-142.1K30.80101.78N/AN/A2096,4373,90524,260
2018-04-09$27.76$28.0014.5%4.5%16.6%17.9%15.5%9.7%0.9%-870.5K16.9M-135.9K33.26102.44N/AN/A2117,0173,91524,260
2018-04-10$28.00$28.0017.6%4.6%16.9%23.7%15.4%8.8%-0.4%-1.0M15.4M-142.1K23.1855.62N/AN/A3037,0243,91524,860
2018-04-11$28.03$28.0014.3%4.1%16.6%17.5%14.2%3.4%0.7%-1.0M14.4M-142.2K29.0137.42N/AN/A2437,0493,96124,865
2018-04-12$28.02$28.0014.2%4.1%16.5%17.2%17.9%3.3%-0.0%-980.9K15.0M-138.6K27.4385.99N/AN/A2577,0493,96024,850
2018-04-13$27.94$28.0014.0%4.0%16.4%16.9%14.0%3.6%-0.5%-766.4K15.1M-138.3K26.1621.25N/AN/A2707,0643,97024,870
2018-04-16$28.07$28.0013.1%3.8%16.5%15.2%12.9%7.2%-0.0%-610.7K13.9M-128.7K19.4725.92N/AN/A3757,3013,97024,898
2018-04-17$28.25$28.0012.5%3.6%16.3%13.9%12.3%4.5%0.7%-647.5K12.4M-127.4K32.7112.39N/AN/A37512,2653,94925,148
2018-04-18$28.40$28.0013.4%3.8%16.4%15.7%12.9%1.7%0.2%-2.0M16.7M-154.3K33.4275.51N/AN/A36712,2653,94930,134
2018-04-19$28.17$28.0012.3%3.5%15.6%13.7%12.6%-0.4%1.7%-1.5M18.1M-143.3K4.56121.72N/AN/A2,71612,3753,95430,134
2018-04-20$28.01$28.0012.5%3.6%13.7%14.0%11.3%5.4%0.9%-1.0M22.2M-162.8K3.3418.79N/AN/A2,7159,0746,32832,236
2018-04-23$27.95$28.0012.8%3.7%13.3%14.6%11.8%1.3%1.0%-2.7M25.0M-157.2K3.3210.42N/AN/A2,7098,9865,06729,589
2018-04-24$27.81$28.0012.4%3.6%13.3%13.9%10.7%6.7%1.0%-2.8M26.4M-156.8K2.649.07N/AN/A2,6446,9755,07429,615
2018-04-25$27.91$28.0013.3%3.8%13.0%15.6%10.9%7.6%-0.3%-2.8M25.7M-156.6K25.8216.47N/AN/A2706,9725,07929,624
2018-04-26$28.10$28.0012.6%3.6%12.9%14.3%10.1%7.2%0.2%-2.7M23.3M-155.2K25.368.76N/AN/A2756,9735,08229,625
2018-04-27$28.18$28.0012.6%3.6%11.5%14.3%9.5%7.2%0.2%-2.7M21.6M-150.3K24.647.76N/AN/A2846,9975,08229,625
2018-04-30$28.21$28.0014.1%4.0%9.9%17.0%14.1%3.8%-0.8%-3.6M24.5M-157.8K60.5023.03N/AN/A1619,7405,09232,170