EWC Options History — December 2018

In December 2018, EWC traded between $23.20 and $26.89. ATM implied volatility averaged 22.0%, placing in the 32.2% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 3.2% (HV 20d: 18.9%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 57.11.

Notable Days

  • 2018-12-27: Highest Volume — 4,390 contracts
  • 2018-12-21: Largest IV spike — 68.3% change
  • 2018-12-24: Highest IV Rank — 45.3%
  • 2018-12-24: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.95$23.20$26.89$26.89$24.02
Max Pain$27.75$27.00$28.00$28.00$27.00
ATM IV22.0%15.3%28.9%19.3%23.5%
Expected Move6.0%4.4%8.3%5.5%6.7%
HV 20d18.9%16.4%20.9%16.4%19.9%
HV 60d16.5%14.9%18.0%14.9%18.0%
IV Rank32.2%19.3%45.3%27.0%34.9%
IV Percentile87.5%54.8%98.8%84.5%93.7%
Term Structure-1.7%-10.6%1.9%-3.4%-2.2%
VWIV21.9%15.3%33.2%20.6%33.2%
Skew 25d5.9%1.1%11.1%3.9%6.4%
Skew 10d11.7%1.8%18.3%6.5%11.7%
Call IV 25d18.5%14.6%24.5%14.6%20.9%
Put IV 25d24.4%17.6%31.9%18.5%27.3%
Bid-Ask Spread %69.7835.51104.5559.9370.80
Gamma HHI0.320.270.350.330.32
Net GEX-2.9M-3.4M-2.2M-2.2M-3.0M
Net DEX37.3M17.9M52.1M17.9M46.4M
Net VEX-98.6K-117.9K-71.0K-99.9K-78.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio57.110.55861.400.5513.00
Total Volume899.5144,3903114
Total OI37,596.736,87338,18537,45036,938

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$26.89$28.0019.3%5.5%16.4%27.0%20.6%3.9%-3.4%-2.2M17.9M-99.9K0.5559.93N/AN/A20115,35532,095
2018-12-04$26.47$28.0024.8%7.1%17.2%37.5%16.9%1.1%-9.6%-2.6M21.8M-107.9K7.6735.51N/AN/A211615,36032,100
2018-12-05$26.45$28.0025.7%7.4%17.2%39.1%17.3%2.6%-10.6%-2.6M21.9M-107.1K7.6737.07N/AN/A211615,36032,100
2018-12-06$25.97$28.0025.5%5.5%17.9%38.7%18.8%6.2%-0.2%-2.9M29.8M-115.1K5.8991.16N/AN/A965655,36131,950
2018-12-07$26.07$28.0025.8%5.4%18.0%39.4%19.3%6.0%-4.2%-2.7M23.3M-105.3K3.80104.55N/AN/A1114225,42131,666
2018-12-10$25.57$28.0023.1%5.7%19.0%34.2%19.2%5.8%-1.3%-3.1M33.9M-117.9K0.0084.59N/AN/A0575,41532,721
2018-12-11$25.47$28.0025.9%5.9%18.8%39.5%20.0%5.2%-0.5%-3.1M34.8M-116.9K2.2771.22N/AN/A591345,41532,707
2018-12-12$25.78$28.0017.4%5.0%19.4%23.3%15.3%6.3%1.3%-3.1M31.3M-114.1K0.6467.48N/AN/A2121355,44032,668
2018-12-13$25.70$28.0016.9%4.8%19.3%22.4%16.7%6.0%1.9%-3.3M32.4M-112.6K1.0581.75N/AN/A2893035,51832,629
2018-12-14$25.37$28.0019.7%5.6%19.6%27.7%17.6%5.5%0.2%-3.4M36.3M-111.3K0.6763.15N/AN/A2901935,58232,590
2018-12-17$24.82$28.0019.7%5.7%20.6%27.8%20.2%7.7%0.9%-3.2M41.4M-109.9K1.0189.86N/AN/A1061075,58232,568
2018-12-18$24.45$28.0021.3%6.1%20.9%30.8%18.5%6.6%0.1%-3.3M41.3M-100.4K1.7077.07N/AN/A1101875,53732,648
2018-12-19$24.18$28.0020.5%5.9%20.0%29.3%23.1%3.1%-1.1%-3.2M43.6M-95.7K2.7550.84N/AN/A1103025,53932,163
2018-12-20$23.95$28.0015.3%4.4%17.7%19.3%24.8%6.9%1.1%-3.1M44.8M-90.9K10.5977.11N/AN/A1271,3455,54132,266
2018-12-21$23.45$28.0025.7%7.4%18.4%39.2%26.1%8.1%-2.0%-2.5M51.7M-77.5K10.0978.92N/AN/A1281,2915,54132,521
2018-12-24$23.20$27.0028.9%8.3%17.9%45.3%28.5%7.3%-1.4%-2.2M52.1M-71.0K11.4267.25N/AN/A1031,1765,16531,773
2018-12-26$23.72$27.0019.8%5.7%20.6%27.9%28.2%6.8%-2.0%-2.7M47.9M-80.4K861.4060.37N/AN/A54,3075,16531,739
2018-12-27$23.71$27.0018.1%5.2%19.2%24.7%30.3%11.1%-0.6%-2.8M47.7M-77.3K120.9463.62N/AN/A364,3545,16531,708
2018-12-28$23.81$27.0023.8%6.8%19.2%35.5%24.0%6.1%-1.3%-2.9M46.4M-82.2K22.0263.28N/AN/A408815,19631,726
2018-12-31$24.02$27.0023.5%6.7%19.9%34.9%33.2%6.4%-2.2%-3.0M46.4M-78.2K13.0070.80N/AN/A1135,20031,738