EWC Options History — November 2018

In November 2018, EWC traded between $25.94 and $27.14. ATM implied volatility averaged 19.7%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 3.6% (HV 20d: 16.1%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 5.86.

Notable Days

  • 2018-11-07: Highest Volume — 11,022 contracts
  • 2018-11-13: Largest IV spike — 59.8% change
  • 2018-11-13: Highest IV Rank — 51.7%
  • 2018-11-20: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.61$25.94$27.14$26.74$26.60
Max Pain$28.10$28.00$29.00$29.00$28.00
ATM IV19.7%16.6%32.3%18.3%19.0%
Expected Move5.5%5.1%6.2%5.2%5.5%
HV 20d16.1%13.9%18.4%18.1%15.9%
HV 60d14.0%13.2%14.8%14.1%14.8%
IV Rank27.8%21.9%51.7%25.1%26.5%
IV Percentile84.8%74.6%99.6%80.2%81.7%
Term Structure-1.5%-3.6%0.3%-0.5%-0.7%
VWIV20.3%17.3%26.5%21.6%20.8%
Skew 25d7.6%2.5%16.1%9.4%4.3%
Skew 10d12.1%-2.5%33.5%17.9%33.5%
Call IV 25d15.7%12.5%18.8%13.9%17.5%
Put IV 25d23.3%20.2%30.8%23.3%21.8%
Bid-Ask Spread %92.1017.17119.7217.1797.62
Gamma HHI0.320.290.370.290.35
Net GEX-1.9M-2.7M-1.1M-1.1M-2.7M
Net DEX23.0M18.3M28.3M20.0M23.0M
Net VEX-99.9K-117.7K-69.9K-73.1K-108.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.860.498.580.643.38
Total Volume8,075.6191,78211,0221,9485,131
Total OI36,011.28630,89840,30130,89837,463

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$26.74$29.0018.3%5.2%18.1%25.1%21.6%9.4%-0.5%-1.1M20.0M-73.1K0.6417.17N/AN/A1,1857639,03721,861
2018-11-02$26.74$29.0018.5%5.3%18.1%25.5%21.2%7.6%0.3%-1.1M19.9M-71.6K0.4998.06N/AN/A1,1925909,03821,905
2018-11-05$26.87$28.0018.5%5.4%18.3%25.5%20.2%6.3%-1.7%-1.1M19.1M-69.9K8.1092.33N/AN/A1,1869,6019,03821,879
2018-11-06$26.92$28.0020.1%5.4%18.4%28.5%19.0%5.5%-2.0%-1.7M26.2M-117.7K7.7695.54N/AN/A1,2519,7069,05030,897
2018-11-07$27.14$28.0016.6%5.4%15.4%21.9%19.0%6.2%-1.1%-1.6M22.0M-105.2K7.6997.36N/AN/A1,2699,7539,17331,006
2018-11-08$26.98$28.0018.0%5.3%14.9%24.5%19.5%2.5%-1.2%-1.5M23.5M-111.8K8.29119.72N/AN/A1,1779,7639,18431,030
2018-11-09$26.85$28.0016.9%5.1%15.0%22.3%19.3%5.9%-1.5%-1.8M25.5M-109.9K8.55102.05N/AN/A1,1529,8519,14231,050
2018-11-12$26.56$28.0020.2%5.2%15.3%28.7%19.5%7.2%0.1%-1.8M26.9M-110.1K8.58107.05N/AN/A1,1459,8199,15331,148
2018-11-13$26.49$28.0032.3%6.0%14.5%51.7%20.4%7.3%-2.7%-2.0M27.8M-110.2K5.7790.97N/AN/A1,1756,7839,15631,134
2018-11-14$26.60$28.0018.0%5.2%14.5%24.6%19.6%9.9%-0.3%-1.9M28.3M-110.4K5.7288.47N/AN/A1,1756,7209,14531,130
2018-11-15$26.68$28.0017.9%5.1%13.9%24.3%19.4%10.4%-0.9%-1.9M27.6M-108.9K5.7391.95N/AN/A1,1756,7279,14831,110
2018-11-16$26.78$28.0018.4%5.3%13.9%25.2%20.2%9.4%-1.9%-2.0M27.1M-105.5K5.7387.46N/AN/A1,1746,7269,14831,109
2018-11-19$26.53$28.0018.4%5.3%14.2%25.2%19.7%9.1%-1.2%-2.1M19.7M-101.4K5.9887.45N/AN/A1,1186,6845,27727,929
2018-11-20$25.94$28.0021.6%6.2%16.0%31.3%21.5%6.8%-2.9%-2.3M24.8M-107.8K6.1289.24N/AN/A1,1467,0185,28327,936
2018-11-21$26.51$28.0018.4%5.3%17.1%25.2%20.7%9.4%-0.1%-2.0M19.8M-101.2K6.1191.77N/AN/A1,1497,0185,31227,605
2018-11-23$26.16$28.0021.0%6.0%17.7%30.3%17.3%7.4%-2.9%-2.2M22.3M-103.1K6.0190.53N/AN/A1,1616,9785,31227,605
2018-11-26$26.32$28.0021.6%6.2%17.8%31.3%20.9%7.9%-3.1%-2.2M20.1M-96.5K5.8791.38N/AN/A1,1896,9785,32427,615
2018-11-27$26.15$28.0021.4%6.1%16.7%31.0%19.3%4.3%-3.6%-2.3M22.5M-98.5K5.8593.13N/AN/A1,1926,9715,35427,615
2018-11-28$26.57$28.0020.9%6.0%16.4%30.1%26.5%16.1%-0.8%-2.2M19.6M-89.2K5.95107.04N/AN/A1,1736,9805,35727,617
2018-11-29$26.65$28.0018.6%5.3%16.2%25.6%21.6%6.9%-2.2%-2.2M18.3M-87.3K4.6697.80N/AN/A1,1745,4705,35527,607
2018-11-30$26.60$28.0019.0%5.5%15.9%26.5%20.8%4.3%-0.7%-2.7M23.0M-108.3K3.3897.62N/AN/A1,1713,9605,35632,107