EWC Options History — July 2018

In July 2018, EWC traded between $28.34 and $29.26. ATM implied volatility averaged 13.0%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded below realized volatility by 0.3% (HV 20d: 13.3%). Max pain ranged from $29.00 to $32.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 9.84.

Notable Days

  • 2018-07-19: Highest Volume — 9,087 contracts
  • 2018-07-06: Largest IV drop — 25.1% change
  • 2018-07-02: Highest IV Rank — 23.7%
  • 2018-07-02: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.89$28.34$29.26$28.34$29.26
Max Pain$29.81$29.00$32.00$32.00$29.00
ATM IV13.0%10.9%17.6%17.6%12.4%
Expected Move3.8%3.2%5.0%5.0%3.5%
HV 20d13.3%9.2%15.8%14.0%9.2%
HV 60d12.0%11.6%12.3%11.8%12.1%
IV Rank15.0%10.9%23.7%23.7%13.8%
IV Percentile52.4%19.0%87.7%87.7%48.8%
Term Structure0.7%-1.4%1.9%-1.4%-0.1%
VWIV11.4%6.1%15.7%14.6%12.4%
Skew 25d5.8%2.5%7.4%6.0%5.8%
Skew 10d8.7%3.7%14.3%8.3%9.8%
Call IV 25d10.3%7.4%14.5%13.0%8.9%
Put IV 25d16.2%14.2%20.0%19.0%14.7%
Bid-Ask Spread %21.056.55112.1611.9528.10
Gamma HHI0.240.170.350.190.29
Net GEX-1.1M-1.6M-679.0K-1.2M-1.1M
Net DEX6.1M3.8M9.4M8.1M4.5M
Net VEX-116.1K-134.0K-102.9K-118.1K-112.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.842.1918.0210.772.24
Total Volume4,575.0953,0599,0873,0593,851
Total OI28,565.14324,99233,94024,99331,995

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$28.34$32.0017.6%5.0%14.0%23.7%14.6%6.0%-1.4%-1.2M8.1M-118.1K10.7711.95N/AN/A2602,7993,92721,066
2018-07-03$28.44$32.0016.8%4.8%14.1%22.1%15.7%5.1%-0.7%-1.1M7.1M-114.8K10.8313.61N/AN/A2602,8163,92721,065
2018-07-05$28.50$30.0017.0%4.7%13.9%22.7%8.6%5.1%-0.4%-1.1M7.0M-114.2K12.1310.62N/AN/A2623,1783,92721,095
2018-07-06$28.79$30.0012.8%3.7%14.5%14.5%7.3%5.1%0.8%-998.8K5.3M-107.8K13.1412.26N/AN/A2383,1273,92321,475
2018-07-09$28.93$30.0013.6%3.8%14.5%16.1%6.1%5.4%0.6%-886.5K4.4M-105.9K14.7910.53N/AN/A2313,4173,93621,506
2018-07-10$29.10$30.0010.9%3.8%14.7%10.9%10.8%6.0%1.1%-757.9K3.8M-102.9K15.9753.95N/AN/A2263,6093,94021,798
2018-07-11$28.72$30.0013.3%3.8%15.3%15.6%10.6%2.5%1.9%-1.0M5.8M-114.3K15.7842.89N/AN/A2283,5973,94322,438
2018-07-12$29.03$30.0014.6%4.2%15.8%18.0%10.4%7.2%-0.4%-1.1M6.3M-117.0K16.20112.16N/AN/A2223,5973,94323,043
2018-07-13$29.06$30.0012.4%3.6%15.7%13.9%10.8%4.4%1.2%-834.6K4.5M-107.5K14.7013.38N/AN/A2453,6023,94723,043
2018-07-16$29.01$30.0013.1%3.7%15.4%15.1%10.7%4.6%1.0%-847.6K5.0M-111.4K14.716.88N/AN/A2453,6033,96323,045
2018-07-17$28.92$30.0012.2%3.5%15.4%13.5%7.5%7.2%1.2%-958.9K5.2M-110.3K14.717.22N/AN/A2453,6033,96323,146
2018-07-18$28.90$30.0012.4%3.6%13.8%13.8%15.5%7.0%0.6%-679.0K4.9M-108.7K18.027.18N/AN/A2454,4163,96323,146
2018-07-19$28.82$30.0012.5%3.6%13.8%14.0%13.7%5.8%1.1%-877.3K6.4M-116.3K6.9527.93N/AN/A1,1437,9443,96324,460
2018-07-20$28.92$29.0012.0%3.5%13.5%13.2%12.3%6.8%0.7%-1.6M8.4M-129.1K5.5621.13N/AN/A1,1436,3574,85229,088
2018-07-23$28.80$29.0011.3%3.2%13.0%11.8%11.3%5.9%1.6%-1.5M9.4M-134.0K3.1410.00N/AN/A1,1513,6154,83326,637
2018-07-24$28.82$29.0011.6%3.3%10.9%12.3%11.8%6.3%1.3%-1.4M8.7M-129.3K3.2810.74N/AN/A1,1643,8145,72226,717
2018-07-25$29.13$29.0011.9%3.4%11.2%12.9%12.9%6.9%1.9%-1.2M6.4M-125.6K4.7813.67N/AN/A1,2155,8125,75326,718
2018-07-26$29.13$29.0012.0%3.5%10.7%13.2%12.2%7.4%1.1%-1.1M5.8M-122.2K4.6310.73N/AN/A1,2205,6535,75526,221
2018-07-27$29.03$29.0011.7%3.3%10.8%12.5%11.8%6.1%1.0%-1.2M6.5M-123.2K2.1910.67N/AN/A1,2112,6545,75326,240
2018-07-30$29.05$29.0011.5%3.3%9.6%12.1%11.5%6.1%1.1%-1.2M5.3M-112.8K2.206.55N/AN/A1,2052,6545,75426,239
2018-07-31$29.26$29.0012.4%3.5%9.2%13.8%12.4%5.8%-0.1%-1.1M4.5M-112.0K2.2428.10N/AN/A1,1882,6635,75626,239