EWC Options History — September 2019

In September 2019, EWC traded between $28.04 and $29.19. ATM implied volatility averaged 10.9%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 0.2% (HV 20d: 10.7%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 156.51.

Notable Days

  • 2019-09-05: Highest Volume — 8,884 contracts
  • 2019-09-06: Largest IV drop — 38.2% change
  • 2019-09-03: Highest IV Rank — 21.5%
  • 2019-09-03: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.85$28.04$29.19$28.04$28.93
Max Pain$28.35$28.00$29.00$28.00$29.00
ATM IV10.9%5.9%14.9%14.9%12.1%
Expected Move3.3%2.8%4.3%4.3%3.5%
HV 20d10.7%6.6%15.7%15.2%6.6%
HV 60d11.2%10.9%11.6%11.3%10.9%
IV Rank13.3%0.0%21.5%21.5%17.2%
IV Percentile20.7%0.0%52.8%52.8%30.2%
Term Structure1.6%-1.1%2.7%-1.1%0.6%
VWIV13.4%9.4%16.9%15.2%15.7%
Skew 25d4.6%-2.3%6.9%6.9%-1.7%
Skew 10d5.3%-0.8%10.3%8.3%-0.8%
Call IV 25d8.6%6.4%12.1%10.1%12.1%
Put IV 25d13.2%9.6%17.0%17.0%10.4%
Bid-Ask Spread %100.7470.61127.2570.6185.73
Gamma HHI0.800.470.930.480.88
Net GEX-2.1M-3.0M-1.3M-2.7M-2.8M
Net DEX2.7M-2.9M10.4M9.1M8.9M
Net VEX-35.1K-58.0K-21.9K-37.5K-52.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio156.510.001252.0073.290.37
Total Volume1,075.438,8841137
Total OI24,364.711,13230,54620,47021,235

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$28.04$28.0014.9%4.3%15.2%21.5%15.2%6.9%-1.1%-2.7M9.1M-37.5K0.0070.61N/AN/A0112,76717,703
2019-09-04$28.30$28.0013.9%4.0%15.5%18.6%9.4%4.0%-0.6%-2.2M3.7M-30.7K73.2987.44N/AN/A75132,76717,713
2019-09-05$28.61$28.009.6%3.0%15.7%5.9%13.7%6.2%2.4%-1.3M-1.1M-21.9K739.33109.71N/AN/A128,8722,77118,214
2019-09-06$28.65$28.005.9%3.0%15.1%0.0%14.0%5.8%1.8%-2.9M4.6M-47.0K0.00112.19N/AN/A0232,76426,709
2019-09-09$28.62$28.006.5%3.0%15.1%1.5%0.0%4.9%2.6%-3.0M5.0M-44.8K0.1091.20N/AN/A1012,76426,709
2019-09-10$28.76$28.007.3%3.1%14.6%3.8%14.1%5.8%1.7%-2.6M3.3M-41.6K9.1698.57N/AN/A191742,76826,709
2019-09-11$28.80$28.0010.0%2.9%14.3%11.4%0.0%6.1%2.3%-2.3M669.9K-35.6K1.50100.75N/AN/A232,77926,845
2019-09-12$28.89$28.0010.3%2.9%10.3%12.1%13.5%5.5%2.4%-2.1M-523.5K-32.3K2.00121.95N/AN/A13262,78026,845
2019-09-13$28.84$28.009.7%2.8%10.2%10.4%13.5%5.8%2.7%-1.9M-1.2M-29.5K128.00103.74N/AN/A22562,79326,865
2019-09-16$29.01$28.0010.9%3.1%9.6%13.9%0.0%6.5%2.5%-2.0M-1.3M-29.7K351.00116.55N/AN/A13512,79527,100
2019-09-17$29.13$28.0011.5%3.3%9.5%15.7%15.5%6.4%1.3%-1.6M-2.3M-27.5K59.17111.53N/AN/A63552,79427,380
2019-09-18$29.05$28.0011.6%3.3%9.3%15.9%11.8%6.2%1.4%-1.6M-1.2M-28.9K0.50127.25N/AN/A212,64627,449
2019-09-19$29.19$28.0011.2%3.2%9.1%14.9%11.3%6.8%2.4%-1.3M-2.9M-24.5K39.23122.04N/AN/A135102,64627,450
2019-09-20$29.18$29.0011.4%3.3%9.0%15.2%11.4%5.7%2.7%-1.5M-2.2M-26.1K0.28120.81N/AN/A2982,65927,887
2019-09-23$29.14$29.0011.7%3.3%6.6%16.0%0.0%6.3%2.4%-1.7M4.7M-24.9K0.0086.75N/AN/A010226610,866
2019-09-24$29.03$29.0012.5%3.6%6.9%18.3%12.5%1.7%1.3%-1.8M5.3M-26.3K1.0392.51N/AN/A2,5012,57826710,974
2019-09-25$29.01$29.0012.0%3.5%7.0%17.1%16.9%5.1%1.4%-1.9M6.1M-42.8K0.0079.25N/AN/A4402,75713,419
2019-09-26$28.97$29.0012.3%3.5%7.0%17.8%12.3%0.4%0.4%-1.9M5.8M-40.2K1252.0082.87N/AN/A45,0082,79913,419
2019-09-27$28.90$29.0012.5%3.6%6.6%18.5%0.0%-2.3%0.7%-2.8M10.4M-58.0K3.6793.23N/AN/A3112,80018,421
2019-09-30$28.93$29.0012.1%3.5%6.6%17.2%15.7%-1.7%0.6%-2.8M8.9M-52.5K0.3785.73N/AN/A27102,80318,432