EWC Options History — May 2018

In May 2018, EWC traded between $28.08 and $29.40. ATM implied volatility averaged 12.0%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 2.6% (HV 20d: 9.3%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 16.98.

Notable Days

2018-05-01: Highest Volume — 11,269 contracts
2018-05-29: Largest IV spike — 29.6% change
2018-05-29: Highest IV Rank — 17.6%
2018-05-29: Largest Expected Move — 4.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.79	$28.08	$29.40	$28.10	$28.73
Max Pain	$28.91	$28.00	$29.00	$28.00	$29.00
ATM IV	12.0%	10.3%	14.4%	11.7%	12.0%
Expected Move	3.4%	2.9%	4.1%	3.3%	3.5%
HV 20d	9.3%	7.1%	13.2%	10.0%	13.2%
HV 60d	12.8%	11.9%	14.6%	14.6%	12.9%
IV Rank	13.1%	9.8%	17.6%	12.4%	13.2%
IV Percentile	38.8%	9.9%	71.0%	33.7%	44.0%
Term Structure	0.5%	-0.6%	1.6%	1.2%	-0.4%
VWIV	12.0%	9.9%	15.1%	11.7%	13.5%
Skew 25d	2.0%	-58.4%	7.3%	2.3%	4.3%
Skew 10d	2.6%	-83.0%	10.8%	3.0%	5.2%
Call IV 25d	11.6%	6.2%	69.9%	8.3%	10.7%
Put IV 25d	13.7%	10.6%	15.5%	10.6%	15.0%
Bid-Ask Spread %	25.81	5.64	126.10	19.89	12.12
Gamma HHI	0.49	0.35	0.64	0.64	0.48
Net GEX	-2.9M	-5.0M	-1.5M	-5.0M	-2.8M
Net DEX	14.2M	4.4M	31.5M	29.1M	11.8M
Net VEX	-125.8K	-184.7K	-101.9K	-162.9K	-128.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	16.98	1.50	50.69	50.69	2.72
Total Volume	4,529.227	2,131	11,269	11,269	4,528
Total OI	37,971.364	35,943	39,686	39,686	39,277

Daily Data (22 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
2018-05-01	$28.10	$28.00	11.7%	3.3%	10.0%	12.4%	11.7%	2.3%	1.2%	-5.0M	29.1M	-162.9K	50.69	19.89	N/A	N/A	218	11,051	5,097	34,589
2018-05-02	$28.08	$28.00	13.1%	3.8%	10.0%	15.2%	14.5%	-58.4%	1.0%	-4.3M	31.5M	-184.7K	36.86	126.10	N/A	N/A	216	7,961	5,046	33,823
2018-05-03	$28.10	$29.00	12.2%	3.6%	8.8%	13.4%	13.9%	3.4%	0.0%	-4.7M	27.2M	-155.2K	37.18	17.07	N/A	N/A	214	7,956	5,050	33,709
2018-05-04	$28.33	$29.00	13.2%	3.5%	8.0%	15.3%	14.1%	3.3%	0.2%	-4.2M	22.5M	-146.9K	37.18	16.18	N/A	N/A	214	7,956	5,052	33,698
2018-05-07	$28.39	$29.00	12.9%	3.6%	7.6%	14.7%	11.2%	4.0%	0.1%	-4.3M	20.9M	-142.1K	22.95	19.35	N/A	N/A	293	6,725	5,052	33,698
2018-05-08	$28.32	$29.00	11.9%	3.6%	7.1%	12.8%	11.0%	4.7%	0.3%	-4.6M	22.9M	-142.3K	22.99	19.16	N/A	N/A	293	6,735	5,099	33,692
2018-05-09	$28.64	$29.00	10.3%	2.9%	8.1%	9.8%	11.9%	5.1%	1.5%	-3.6M	16.1M	-133.5K	17.64	15.39	N/A	N/A	268	4,727	5,099	33,702
2018-05-10	$29.02	$29.00	11.3%	3.2%	9.1%	11.7%	12.9%	5.9%	0.6%	-2.6M	9.8M	-126.5K	13.62	12.39	N/A	N/A	353	4,807	5,107	33,714
2018-05-11	$29.02	$29.00	12.4%	3.6%	9.0%	13.9%	15.1%	7.2%	-0.6%	-2.7M	11.0M	-127.7K	7.91	113.05	N/A	N/A	355	2,808	5,062	33,678
2018-05-14	$29.20	$29.00	10.9%	3.1%	9.1%	11.1%	10.4%	6.4%	1.5%	-2.0M	7.8M	-115.8K	7.15	73.59	N/A	N/A	357	2,554	5,062	33,678
2018-05-15	$29.07	$29.00	11.8%	3.4%	9.2%	12.6%	10.5%	5.6%	0.3%	-2.2M	8.8M	-114.6K	7.18	12.89	N/A	N/A	357	2,562	5,055	33,677
2018-05-16	$29.30	$29.00	11.7%	3.4%	9.4%	12.5%	10.3%	6.9%	1.0%	-1.7M	5.5M	-106.8K	10.12	11.97	N/A	N/A	273	2,762	5,055	33,686
2018-05-17	$29.33	$29.00	11.9%	3.4%	8.6%	12.9%	10.0%	7.2%	0.8%	-1.8M	5.9M	-111.3K	8.01	15.46	N/A	N/A	253	2,027	5,061	33,922
2018-05-18	$29.17	$29.00	11.0%	3.2%	8.6%	11.2%	9.9%	6.3%	1.6%	-1.9M	7.5M	-111.8K	7.84	14.87	N/A	N/A	256	2,006	5,038	33,942
2018-05-21	$29.40	$29.00	12.2%	3.5%	8.7%	13.5%	11.8%	7.3%	-0.0%	-1.5M	4.4M	-102.0K	13.40	6.03	N/A	N/A	148	1,983	5,004	30,939
2018-05-22	$29.25	$29.00	12.3%	3.5%	8.7%	13.6%	11.7%	2.9%	-0.1%	-1.8M	6.0M	-101.9K	14.02	11.22	N/A	N/A	144	2,019	5,008	30,939
2018-05-23	$29.15	$29.00	12.5%	3.6%	9.0%	14.1%	12.3%	6.8%	-0.2%	-1.9M	7.5M	-107.0K	14.31	13.84	N/A	N/A	140	2,004	5,007	31,000
2018-05-24	$28.98	$29.00	11.4%	3.3%	9.2%	12.0%	12.1%	5.1%	0.3%	-2.2M	9.5M	-108.3K	14.23	9.73	N/A	N/A	143	2,035	5,007	30,999
2018-05-25	$28.72	$29.00	11.1%	3.2%	9.9%	11.3%	11.6%	5.4%	0.8%	-2.8M	13.9M	-114.9K	12.82	11.29	N/A	N/A	159	2,039	5,007	31,023
2018-05-29	$28.31	$29.00	14.4%	4.1%	11.3%	17.6%	11.8%	-2.7%	0.3%	-3.7M	21.7M	-119.2K	13.25	5.64	N/A	N/A	156	2,067	5,027	30,963
2018-05-30	$28.86	$29.00	11.7%	3.3%	13.1%	12.4%	12.9%	5.2%	-0.1%	-2.5M	11.5M	-103.2K	1.50	10.46	N/A	N/A	2,204	3,317	5,028	30,999
2018-05-31	$28.73	$29.00	12.0%	3.5%	13.2%	13.2%	13.5%	4.3%	-0.4%	-2.8M	11.8M	-128.3K	2.72	12.12	N/A	N/A	1,216	3,312	7,028	32,249