EWC Options History — August 2018

In August 2018, EWC traded between $28.44 and $29.33. ATM implied volatility averaged 13.3%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 1.7% (HV 20d: 11.6%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 7.31.

Notable Days

2018-08-30: Highest Volume — 10,077 contracts
2018-08-10: Largest IV spike — 40.8% change
2018-08-10: Highest IV Rank — 22.6%
2018-08-31: Largest Expected Move — 4.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.99	$28.44	$29.33	$29.15	$28.76
Max Pain	$29.87	$29.00	$30.00	$29.00	$30.00
ATM IV	13.3%	11.3%	17.0%	11.6%	16.0%
Expected Move	3.7%	3.3%	4.6%	3.3%	4.6%
HV 20d	11.6%	8.7%	14.5%	9.4%	14.5%
HV 60d	12.4%	11.6%	13.1%	12.2%	12.7%
IV Rank	15.6%	11.7%	22.6%	12.3%	20.6%
IV Percentile	57.5%	25.0%	86.5%	31.7%	82.1%
Term Structure	1.1%	-1.1%	3.0%	0.6%	-0.7%
VWIV	12.7%	10.0%	16.2%	12.2%	16.1%
Skew 25d	4.5%	2.0%	8.4%	5.3%	2.9%
Skew 10d	7.7%	1.6%	14.5%	9.4%	8.9%
Call IV 25d	10.4%	7.4%	15.6%	9.3%	15.6%
Put IV 25d	14.9%	10.8%	18.5%	14.7%	18.5%
Bid-Ask Spread %	37.64	6.59	109.85	14.93	14.79
Gamma HHI	0.30	0.21	0.43	0.30	0.38
Net GEX	-1.5M	-4.0M	-224.3K	-1.1M	-4.0M
Net DEX	7.6M	3.2M	21.7M	4.8M	21.7M
Net VEX	-110.5K	-129.1K	-98.1K	-113.0K	-126.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	7.31	1.59	18.11	1.90	10.40
Total Volume	4,238.609	3,147	10,077	4,347	9,101
Total OI	33,243.13	31,157	39,974	31,991	39,974

Daily Data (23 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
2018-08-01	$29.15	$29.00	11.6%	3.3%	9.4%	12.3%	12.2%	5.3%	0.6%	-1.1M	4.8M	-113.0K	1.90	14.93	N/A	N/A	1,497	2,850	5,759	26,232
2018-08-02	$29.19	$29.00	11.8%	3.4%	9.4%	12.7%	11.4%	2.8%	0.8%	-1.0M	4.6M	-111.7K	1.79	7.75	N/A	N/A	1,221	2,187	5,967	26,235
2018-08-03	$29.28	$29.00	11.6%	3.3%	8.8%	12.2%	11.0%	2.0%	1.2%	-897.1K	3.8M	-108.0K	1.79	8.08	N/A	N/A	1,221	2,187	6,067	26,235
2018-08-06	$29.31	$30.00	13.5%	3.6%	8.7%	15.9%	11.0%	3.5%	2.3%	-862.5K	3.2M	-107.5K	1.59	34.44	N/A	N/A	1,234	1,963	6,067	26,235
2018-08-07	$28.84	$30.00	11.3%	3.6%	10.3%	11.7%	10.0%	4.2%	3.0%	-1.1M	4.7M	-101.7K	1.70	91.56	N/A	N/A	1,165	1,982	6,090	26,385
2018-08-08	$29.01	$30.00	12.7%	3.4%	9.4%	14.4%	10.8%	2.5%	2.7%	-1.3M	7.0M	-120.8K	1.98	104.37	N/A	N/A	1,167	2,316	6,120	26,390
2018-08-09	$29.11	$30.00	12.1%	3.5%	8.7%	13.2%	10.1%	2.2%	2.5%	-829.1K	5.6M	-113.9K	2.14	105.56	N/A	N/A	1,165	2,490	6,121	26,871
2018-08-10	$28.78	$30.00	17.0%	4.3%	9.6%	22.6%	11.5%	5.0%	-1.1%	-1.4M	8.5M	-129.1K	2.53	109.85	N/A	N/A	1,165	2,942	6,121	28,165
2018-08-13	$28.66	$30.00	15.5%	3.7%	9.6%	19.8%	13.6%	3.1%	2.0%	-1.7M	9.6M	-117.5K	2.51	96.31	N/A	N/A	1,172	2,942	6,121	28,158
2018-08-14	$28.96	$30.00	14.1%	3.6%	10.3%	17.1%	11.8%	7.0%	2.3%	-874.3K	6.9M	-115.5K	2.51	90.52	N/A	N/A	1,171	2,942	6,113	28,158
2018-08-15	$28.44	$30.00	15.3%	4.4%	12.2%	19.4%	16.2%	6.3%	1.7%	-2.2M	13.4M	-123.4K	11.37	24.06	N/A	N/A	268	3,047	6,124	28,158
2018-08-16	$28.55	$30.00	12.7%	3.6%	12.3%	14.4%	13.9%	5.1%	1.9%	-2.1M	10.5M	-113.0K	12.14	24.23	N/A	N/A	247	2,998	6,109	28,129
2018-08-17	$28.96	$30.00	12.5%	3.6%	13.3%	14.0%	14.2%	8.4%	1.7%	-224.3K	5.9M	-105.3K	12.04	22.19	N/A	N/A	249	2,998	6,109	28,131
2018-08-20	$28.94	$30.00	12.7%	3.6%	13.2%	14.5%	14.4%	6.0%	0.3%	-1.6M	7.5M	-104.9K	12.72	14.93	N/A	N/A	236	3,002	5,174	25,983
2018-08-21	$28.91	$30.00	12.2%	3.5%	13.2%	13.5%	12.4%	4.8%	1.2%	-1.6M	7.8M	-107.5K	18.11	10.73	N/A	N/A	235	4,255	5,178	25,995
2018-08-22	$29.09	$30.00	13.0%	3.7%	12.8%	15.0%	13.1%	6.4%	0.4%	-1.9M	8.4M	-105.2K	17.26	12.79	N/A	N/A	241	4,160	5,179	27,257
2018-08-23	$28.84	$30.00	12.5%	3.6%	13.2%	14.1%	12.6%	6.0%	0.6%	-2.1M	9.6M	-108.2K	15.76	10.38	N/A	N/A	264	4,160	5,185	27,257
2018-08-24	$28.97	$30.00	12.4%	3.6%	13.2%	13.9%	12.4%	7.0%	1.2%	-2.0M	8.5M	-105.9K	11.77	7.89	N/A	N/A	264	3,108	5,213	27,257
2018-08-27	$29.29	$30.00	13.0%	3.7%	13.8%	14.9%	12.0%	3.0%	0.7%	-1.7M	5.4M	-98.1K	2.70	6.59	N/A	N/A	1,084	2,924	5,213	27,457
2018-08-28	$29.25	$30.00	13.3%	3.8%	13.6%	15.5%	12.0%	2.9%	0.1%	-1.7M	5.8M	-99.9K	2.77	13.72	N/A	N/A	1,051	2,912	5,722	27,475
2018-08-29	$29.33	$30.00	14.3%	4.1%	13.6%	17.5%	12.7%	3.6%	-0.3%	-1.5M	5.1M	-99.2K	4.38	7.69	N/A	N/A	674	2,954	5,809	27,477
2018-08-30	$29.17	$30.00	15.1%	4.3%	13.7%	19.0%	16.2%	3.7%	1.0%	-1.7M	7.1M	-104.8K	16.37	32.48	N/A	N/A	580	9,497	5,883	27,534
2018-08-31	$28.76	$30.00	16.0%	4.6%	14.5%	20.6%	16.1%	2.9%	-0.7%	-4.0M	21.7M	-126.9K	10.40	14.79	N/A	N/A	798	8,303	5,900	34,074