EWC Options History — March 2019

In March 2019, EWC traded between $27.32 and $27.95. ATM implied volatility averaged 12.3%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 3.3% (HV 20d: 9.0%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 46.47.

Notable Days

  • 2019-03-05: Highest Volume — 7,349 contracts
  • 2019-03-22: Largest IV spike — 37.3% change
  • 2019-03-25: Highest IV Rank — 35.6%
  • 2019-03-25: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.65$27.32$27.95$27.71$27.65
Max Pain$27.69$27.00$29.00$27.00$29.00
ATM IV12.3%8.7%16.7%12.0%13.4%
Expected Move3.7%2.5%4.7%3.4%3.7%
HV 20d9.0%7.3%9.8%9.6%8.8%
HV 60d13.4%11.1%16.0%16.0%11.1%
IV Rank17.7%2.8%35.6%16.3%22.2%
IV Percentile22.6%0.4%63.5%13.5%41.3%
Term Structure0.8%-0.8%1.8%0.9%-0.8%
VWIV12.0%6.3%17.7%13.4%6.9%
Skew 25d6.0%-2.1%9.6%3.5%-2.1%
Skew 10d7.7%0.6%14.9%2.7%0.6%
Call IV 25d10.3%7.8%12.9%12.2%12.5%
Put IV 25d16.2%10.4%18.5%15.7%10.4%
Bid-Ask Spread %75.3021.97116.9637.70102.45
Gamma HHI0.210.190.220.210.20
Net GEX-2.0M-2.2M-1.2M-1.2M-2.2M
Net DEX13.8M6.9M17.5M6.9M15.6M
Net VEX-97.7K-117.0K-69.1K-69.1K-101.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio46.470.36281.6534.290.41
Total Volume1,132.1947,3492,823301
Total OI38,343.47631,24647,00137,65332,044

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$27.71$27.0012.0%3.4%9.6%16.3%13.4%3.5%0.9%-1.2M6.9M-69.1K34.2937.70N/AN/A802,7431,25036,403
2019-03-04$27.63$28.008.7%2.5%9.7%2.8%9.3%5.7%0.6%-1.6M9.7M-72.5K2.4525.34N/AN/A22541,21937,804
2019-03-05$27.65$28.009.2%2.6%9.6%4.9%10.7%7.4%1.2%-1.5M9.7M-73.2K281.6527.29N/AN/A267,3231,23137,861
2019-03-06$27.48$28.0010.8%3.1%9.8%11.4%10.3%6.9%1.4%-2.1M15.6M-113.4K119.0821.97N/AN/A617,2641,23645,078
2019-03-07$27.34$28.0010.8%3.1%9.8%11.3%12.2%7.1%1.7%-2.1M16.7M-115.0K23.1124.70N/AN/A611,4101,27145,101
2019-03-08$27.32$28.0011.6%3.3%9.4%14.9%13.8%6.2%1.2%-2.1M17.5M-117.0K4.0744.00N/AN/A722931,27145,264
2019-03-11$27.56$27.0012.7%4.1%9.6%19.3%17.7%7.6%1.4%-1.9M15.0M-106.3K0.0083.67N/AN/A0971,28245,283
2019-03-12$27.70$27.0012.7%4.0%9.3%19.1%16.1%6.3%0.7%-2.0M13.9M-103.3K0.0089.84N/AN/A01361,28245,377
2019-03-13$27.87$27.0012.1%3.9%9.0%16.6%16.8%7.2%1.4%-1.9M12.2M-95.0K18.3286.14N/AN/A193481,28245,500
2019-03-14$27.71$27.0011.9%3.9%9.3%16.1%16.3%5.9%1.7%-2.1M13.6M-99.6K17.9086.38N/AN/A213761,28145,694
2019-03-15$27.78$27.0011.5%3.8%9.2%14.5%10.4%6.5%1.6%-2.0M12.9M-98.5K25.7591.20N/AN/A246181,28145,720
2019-03-18$27.95$0.0011.8%3.6%8.6%15.8%0.0%5.9%0.2%-1.9M11.8M-87.6K8.67109.21N/AN/A65266230,584
2019-03-19$27.90$0.0011.8%4.3%8.2%15.5%0.0%7.2%1.8%-2.0M12.0M-94.0K5.78116.96N/AN/A95266930,613
2019-03-20$27.95$0.0012.7%3.7%7.5%19.3%0.0%5.1%0.2%-1.9M11.2M-83.9K117.50101.28N/AN/A447067530,613
2019-03-21$27.86$0.0012.0%3.7%7.3%16.4%0.0%6.0%1.0%-2.1M13.8M-99.2K59.3893.79N/AN/A847567531,021
2019-03-22$27.45$0.0016.5%4.5%8.7%34.9%0.0%6.1%-0.4%-2.1M16.2M-104.0K88.0095.79N/AN/A652867531,026
2019-03-25$27.44$0.0016.7%4.7%8.7%35.6%0.0%9.6%-0.0%-2.2M16.9M-104.2K0.0079.37N/AN/A0467331,026
2019-03-26$27.61$0.0013.8%4.0%9.0%23.8%0.0%5.0%0.0%-2.2M15.6M-103.5K28.5081.65N/AN/A25767331,031
2019-03-27$27.52$0.0014.0%3.9%9.0%24.5%6.3%5.5%-0.5%-2.2M16.9M-106.5K0.3687.13N/AN/A2117667131,055
2019-03-28$27.57$29.0011.9%3.9%9.0%15.8%7.3%6.8%1.4%-2.2M16.4M-103.9K1.2195.44N/AN/A21125679931,057
2019-03-29$27.65$29.0013.4%3.7%8.8%22.2%6.9%-2.1%-0.8%-2.2M15.6M-101.9K0.41102.45N/AN/A2148779931,245