EWC Options History — January 2019

In January 2019, EWC traded between $24.06 and $27.03. ATM implied volatility averaged 18.4%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 0.6% (HV 20d: 17.7%). Max pain ranged from $26.00 to $27.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 49.60.

Notable Days

  • 2019-01-17: Highest Volume — 15,500 contracts
  • 2019-01-04: Largest IV drop — 19.3% change
  • 2019-01-03: Highest IV Rank — 36.9%
  • 2019-01-02: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.85$24.06$27.03$24.11$27.03
Max Pain$26.95$26.00$27.00$27.00$26.00
ATM IV18.4%14.7%26.3%24.6%14.8%
Expected Move5.2%4.2%7.1%7.1%4.5%
HV 20d17.7%12.6%21.7%19.3%12.7%
HV 60d18.2%17.6%18.8%18.0%17.6%
IV Rank19.7%11.9%36.9%33.5%12.2%
IV Percentile65.4%42.9%98.0%94.8%44.0%
Term Structure-0.3%-1.6%0.6%-1.6%0.5%
VWIV18.7%12.2%21.6%21.6%16.3%
Skew 25d6.1%1.8%11.0%6.1%5.7%
Skew 10d9.0%1.5%18.5%5.3%11.3%
Call IV 25d15.3%9.6%22.0%22.0%12.3%
Put IV 25d21.4%15.8%28.1%28.1%18.1%
Bid-Ask Spread %72.5243.8093.8951.6987.52
Gamma HHI0.350.260.560.330.26
Net GEX-3.2M-4.2M-2.1M-3.1M-2.1M
Net DEX23.3M12.3M44.8M44.8M12.3M
Net VEX-95.4K-130.6K-63.9K-79.1K-100.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio49.600.50417.924.261.04
Total Volume1,285.286915,500279102
Total OI37,805.76234,49554,46536,94635,663

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$24.11$27.0024.6%7.1%19.3%33.5%21.6%6.1%-1.6%-3.1M44.8M-79.1K4.2651.69N/AN/A532265,20131,745
2019-01-03$24.06$27.0026.3%6.6%18.9%36.9%20.8%7.5%-0.5%-3.0M44.5M-80.4K6.2583.37N/AN/A533315,20931,739
2019-01-04$24.63$27.0021.2%5.6%21.4%25.3%21.2%6.8%-0.1%-3.7M39.0M-84.8K19.5480.84N/AN/A489385,20931,931
2019-01-07$24.94$27.0022.3%5.8%21.3%27.6%0.0%6.9%-1.1%-4.0M35.3M-86.3K3.6480.23N/AN/A361315,25232,727
2019-01-08$25.14$27.0022.4%5.6%21.5%27.8%12.2%7.8%-0.1%-4.1M32.0M-84.6K16.3593.89N/AN/A376055,25332,660
2019-01-09$25.62$27.0018.1%5.2%21.7%19.0%18.5%6.1%-0.4%-4.0M25.4M-84.0K55.2393.45N/AN/A137185,24633,248
2019-01-10$25.78$27.0017.5%5.0%21.7%17.8%19.8%5.8%-0.2%-4.2M22.9M-79.3K34.1484.46N/AN/A227515,25433,218
2019-01-11$25.73$27.0017.7%5.1%21.3%18.2%20.0%6.4%-0.1%-4.2M22.6M-79.0K30.9364.23N/AN/A309285,25733,278
2019-01-14$25.78$27.0017.0%4.9%21.3%16.6%20.9%6.1%0.4%-4.1M22.0M-74.7K0.0077.79N/AN/A02585,26433,526
2019-01-15$25.96$27.0017.8%5.1%20.9%18.3%19.7%3.3%-0.4%-3.9M20.0M-72.3K55.5056.16N/AN/A63335,26433,784
2019-01-16$26.07$27.0016.6%4.8%19.0%15.8%20.4%5.1%0.2%-3.9M15.9M-65.8K45.4543.80N/AN/A115005,27034,096
2019-01-17$26.24$27.0017.3%5.0%17.9%17.3%20.1%5.3%0.5%-3.4M12.7M-63.9K417.9283.68N/AN/A3715,4635,26934,185
2019-01-18$26.47$27.0017.0%4.9%17.1%16.8%19.3%5.1%-0.2%-2.3M16.9M-123.7K45.0178.15N/AN/A803,6015,28349,182
2019-01-22$26.12$27.0018.2%5.2%17.6%19.1%0.0%6.7%-0.2%-2.6M20.7M-130.6K0.5071.92N/AN/A631,02933,466
2019-01-23$26.12$27.0018.1%5.2%14.9%18.9%20.2%7.7%-0.6%-2.6M20.8M-130.6K4.9569.99N/AN/A211041,03333,469
2019-01-24$26.22$27.0017.3%5.0%13.7%17.3%16.3%11.0%-0.1%-2.6M20.2M-128.8K2.4968.12N/AN/A471171,04633,554
2019-01-25$26.57$27.0014.7%4.2%12.6%11.9%16.3%3.4%0.6%-2.4M16.3M-116.3K9.8356.25N/AN/A828061,07233,568
2019-01-28$26.54$27.0015.4%4.4%12.6%13.4%0.0%1.8%-0.4%-2.5M17.5M-120.9K232.0056.36N/AN/A12321,12034,178
2019-01-29$26.74$27.0016.1%4.6%12.6%14.8%15.9%5.3%-0.7%-2.3M15.0M-111.1K5.1560.77N/AN/A271391,12134,406
2019-01-30$26.99$27.0016.1%4.6%12.7%14.8%17.3%8.1%-0.8%-2.1M12.8M-105.9K1.7980.36N/AN/A34611,14634,500
2019-01-31$27.03$26.0014.8%4.5%12.7%12.2%16.3%5.7%0.5%-2.1M12.3M-100.5K1.0487.52N/AN/A50521,15934,504