EWC Options History — May 2019

In May 2019, EWC traded between $27.30 and $28.39. ATM implied volatility averaged 14.0%, placing in the 24.7% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 4.0% (HV 20d: 10.0%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 16.86.

Notable Days

  • 2019-05-09: Highest Volume — 1,993 contracts
  • 2019-05-30: Largest IV spike — 66.4% change
  • 2019-05-09: Highest IV Rank — 50.7%
  • 2019-05-30: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.95$27.30$28.39$28.38$27.30
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV14.0%8.8%20.3%10.0%17.2%
Expected Move3.9%2.5%5.1%2.9%4.9%
HV 20d10.0%6.4%12.7%6.4%12.3%
HV 60d9.1%8.6%9.8%8.6%9.8%
IV Rank24.7%3.3%50.7%8.0%37.9%
IV Percentile42.6%2.0%89.3%4.4%68.7%
Term Structure0.2%-1.5%4.7%4.7%-1.5%
VWIV15.8%10.3%21.7%14.2%20.0%
Skew 25d6.9%0.4%11.2%0.4%10.0%
Skew 10d7.4%1.2%14.4%2.0%5.0%
Call IV 25d10.0%7.3%13.0%7.5%9.5%
Put IV 25d16.9%7.8%20.9%7.8%19.5%
Bid-Ask Spread %80.6028.85104.7449.9768.11
Gamma HHI0.260.240.290.250.29
Net GEX-2.0M-2.7M-1.4M-1.4M-2.7M
Net DEX10.3M5.4M15.9M6.8M15.9M
Net VEX-56.0K-68.0K-41.6K-49.6K-57.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio16.860.0077.000.0057.30
Total Volume579.273251,99325583
Total OI34,080.31832,26335,17632,26335,172

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$28.38$28.0010.0%2.9%6.4%8.0%14.2%0.4%4.7%-1.4M6.8M-49.6K0.0049.97N/AN/A25078031,483
2019-05-02$28.15$28.0011.4%3.3%7.2%13.9%17.3%0.7%-0.6%-1.6M7.9M-53.7K2.4860.56N/AN/A276778031,483
2019-05-03$28.39$28.008.8%2.5%7.7%3.3%10.3%1.2%2.7%-1.4M5.4M-41.6K2.7028.85N/AN/A277377831,550
2019-05-06$28.35$28.0014.6%4.0%7.7%27.3%13.6%5.5%0.2%-1.5M7.0M-46.5K0.0094.95N/AN/A036177831,550
2019-05-07$28.01$28.0016.0%4.4%8.5%32.9%19.8%7.5%-0.5%-1.8M10.5M-62.2K0.0092.61N/AN/A01,96477831,876
2019-05-08$28.16$28.0017.8%4.4%8.7%40.2%18.8%6.5%-0.1%-1.8M9.8M-62.5K0.00104.73N/AN/A01,97477833,456
2019-05-09$28.01$28.0020.3%4.4%8.7%50.7%18.4%7.2%0.1%-2.0M11.6M-67.9K0.0097.03N/AN/A01,99377833,466
2019-05-10$28.04$28.0015.3%4.3%8.7%29.9%16.8%4.7%-0.4%-1.9M10.0M-59.2K77.00102.94N/AN/A215477833,477
2019-05-13$27.62$28.0014.7%4.4%9.6%27.6%13.0%9.5%-0.4%-2.2M13.7M-68.0K0.5198.78N/AN/A20310377833,477
2019-05-14$27.83$28.0013.2%4.3%10.1%21.2%13.0%8.5%-0.3%-2.1M11.9M-64.9K6.2593.43N/AN/A2281,42696033,728
2019-05-15$27.99$28.0015.1%4.3%10.3%29.0%15.2%8.4%-0.4%-2.1M10.9M-60.1K0.0084.74N/AN/A05396033,785
2019-05-16$28.11$28.0014.1%4.1%10.3%25.2%15.3%8.6%0.1%-2.0M8.9M-54.6K0.00102.41N/AN/A05396033,785
2019-05-17$28.09$28.0014.5%4.2%10.3%26.8%12.7%8.3%-0.4%-2.0M9.2M-55.1K0.00104.74N/AN/A05896033,787
2019-05-20$28.01$28.0013.8%3.9%10.3%23.7%13.9%8.8%1.7%-1.8M8.9M-51.6K0.9773.34N/AN/A20620081933,557
2019-05-21$28.21$28.0014.7%4.2%10.7%27.6%14.8%8.8%-0.2%-1.8M8.8M-52.6K0.9765.11N/AN/A20620091633,607
2019-05-22$28.03$28.0013.4%3.8%10.6%22.0%13.4%7.5%0.6%-1.8M8.4M-48.8K0.9984.32N/AN/A20620391633,590
2019-05-23$27.57$28.0011.5%3.3%12.0%14.5%12.9%7.7%0.6%-2.2M12.4M-57.5K0.9984.15N/AN/A20620391633,592
2019-05-24$27.82$28.0011.4%3.3%12.5%13.9%13.4%7.0%-0.9%-2.1M11.0M-53.3K1.1871.72N/AN/A20624491633,592
2019-05-28$27.80$28.0012.1%3.5%12.4%16.7%19.4%7.3%-0.0%-2.0M10.7M-53.0K0.0077.30N/AN/A019691633,633
2019-05-29$27.55$28.0010.8%3.1%12.7%11.3%18.8%7.3%0.6%-2.4M13.3M-54.9K0.0066.71N/AN/A054391633,784
2019-05-30$27.44$28.0017.9%5.1%12.5%40.7%21.7%11.2%-1.5%-2.5M14.2M-57.5K67.8866.60N/AN/A854392034,256
2019-05-31$27.30$28.0017.2%4.9%12.3%37.9%20.0%10.0%-1.5%-2.7M15.9M-57.5K57.3068.11N/AN/A1057392034,252