EWC Options History — September 2018

In September 2018, EWC traded between $28.15 and $29.04. ATM implied volatility averaged 16.1%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 4.1% (HV 20d: 12.0%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 5.73.

Notable Days

  • 2018-09-04: Highest Volume — 26,243 contracts
  • 2018-09-18: Largest IV drop — 19.4% change
  • 2018-09-10: Highest IV Rank — 28.5%
  • 2018-09-04: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.58$28.15$29.04$28.33$28.75
Max Pain$28.53$28.00$29.00$29.00$29.00
ATM IV16.1%12.9%20.1%19.3%13.2%
Expected Move4.5%3.7%5.5%5.5%3.8%
HV 20d12.0%9.8%15.3%15.3%9.8%
HV 60d12.2%11.0%13.1%13.1%11.0%
IV Rank20.8%14.8%28.5%27.0%15.3%
IV Percentile75.4%52.8%96.0%92.9%58.3%
Term Structure0.1%-2.0%1.1%-2.0%0.0%
VWIV14.8%13.0%17.6%17.6%13.0%
Skew 25d6.6%3.4%8.9%5.6%6.3%
Skew 10d12.1%0.8%16.6%15.9%5.8%
Call IV 25d11.7%8.7%16.0%16.0%9.9%
Put IV 25d18.2%15.5%21.6%21.6%16.2%
Bid-Ask Spread %12.617.7621.4012.9213.17
Gamma HHI0.500.390.920.440.41
Net GEX-8.1M-18.8M-3.1M-5.6M-3.5M
Net DEX31.3M11.5M69.3M41.1M13.4M
Net VEX-120.2K-169.1K-82.6K-132.7K-113.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.731.0945.3745.371.09
Total Volume4,084.36871126,24326,2435,820
Total OI49,527.36836,82063,27145,07839,380

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$28.33$29.0019.3%5.5%15.3%27.0%17.6%5.6%-2.0%-5.6M41.1M-132.7K45.3712.92N/AN/A56625,6775,98139,097
2018-09-05$28.28$29.0018.2%5.2%14.4%25.0%15.3%5.7%-1.7%-11.1M69.3M-169.1K2.4114.77N/AN/A1,1182,6966,00557,266
2018-09-06$28.29$28.0019.4%5.0%14.1%27.2%16.4%5.2%-0.1%-7.4M43.2M-147.8K2.3117.08N/AN/A8151,8836,55946,133
2018-09-07$28.15$28.0019.1%4.9%14.1%26.7%16.2%6.7%0.1%-7.6M48.8M-144.9K1.5111.38N/AN/A8091,2226,76846,061
2018-09-10$28.18$28.0020.1%4.8%13.6%28.5%16.1%6.9%0.1%-7.7M46.8M-139.3K1.3511.60N/AN/A5777776,77245,746
2018-09-11$28.31$28.0019.3%4.9%13.7%26.9%15.0%7.0%0.4%-8.6M43.6M-134.2K1.439.00N/AN/A5367666,77845,751
2018-09-12$28.46$28.0017.4%5.0%13.3%23.4%14.7%7.8%-0.0%-8.6M38.0M-129.0K1.3713.78N/AN/A5497507,14945,753
2018-09-13$28.39$28.0017.2%4.9%11.7%23.0%14.7%7.0%-0.2%-9.0M39.0M-125.5K1.4120.21N/AN/A5327507,39945,742
2018-09-14$28.37$28.0016.6%4.7%11.6%21.7%13.9%6.7%0.8%-9.4M41.9M-122.2K1.7110.79N/AN/A5409237,39845,747
2018-09-17$28.44$28.0017.3%5.0%10.3%23.1%14.4%6.3%-0.5%-9.4M39.1M-111.6K1.6111.56N/AN/A5408677,40445,893
2018-09-18$28.78$28.0013.9%4.0%11.2%16.8%13.9%7.6%0.9%-9.8M25.4M-103.7K11.609.48N/AN/A2833,2847,40445,882
2018-09-19$28.88$29.0014.3%4.1%11.3%17.4%14.2%8.9%0.5%-10.8M23.6M-101.8K4.2910.18N/AN/A7693,3007,40748,384
2018-09-20$29.03$29.0013.7%3.9%11.2%16.3%13.5%8.2%0.9%-13.0M16.6M-93.6K11.919.92N/AN/A2773,2987,33048,393
2018-09-21$29.04$29.0013.9%4.0%10.8%16.7%16.6%7.4%0.9%-18.8M13.6M-82.6K13.4012.27N/AN/A82111,0007,31848,391
2018-09-24$28.91$29.0013.5%3.9%10.8%16.0%13.2%3.4%0.9%-3.1M11.5M-105.2K1.707.76N/AN/A2634484,88331,937
2018-09-25$28.86$29.0013.0%3.7%10.0%14.9%14.1%5.9%1.1%-3.3M13.1M-108.7K1.749.09N/AN/A2634584,89031,959
2018-09-26$28.75$29.0013.0%3.7%10.0%15.0%13.9%5.8%-0.6%-3.4M13.4M-106.1K1.3721.40N/AN/A1,2961,7714,89031,971
2018-09-27$28.76$29.0012.9%3.7%10.0%14.8%14.2%6.2%0.0%-3.5M13.5M-113.2K1.2813.23N/AN/A5967635,90433,295
2018-09-28$28.75$29.0013.2%3.8%9.8%15.3%13.0%6.3%0.0%-3.5M13.4M-113.4K1.0913.17N/AN/A2,7803,0406,06933,311