EWC Options History — December 2019

In December 2019, EWC traded between $29.23 and $29.88. ATM implied volatility averaged 9.8%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 2.6%. IV traded above realized volatility by 3.4% (HV 20d: 6.3%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.60.

Notable Days

  • 2019-12-30: Highest Volume — 10,473 contracts
  • 2019-12-11: Largest IV drop — 63.0% change
  • 2019-12-10: Highest IV Rank — 26.9%
  • 2019-12-03: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.58$29.23$29.88$29.45$29.88
Max Pain$29.52$29.00$30.00$29.00$30.00
ATM IV9.8%5.8%15.6%13.2%10.0%
Expected Move2.6%1.7%3.9%3.8%2.9%
HV 20d6.3%5.3%6.7%5.3%6.0%
HV 60d7.8%6.5%8.2%7.9%6.5%
IV Rank11.0%0.0%26.9%20.2%11.7%
IV Percentile23.0%0.0%79.0%55.6%16.3%
Term Structure1.3%-2.7%5.6%-1.7%-0.1%
VWIV9.3%5.7%13.7%10.2%10.0%
Skew 25d2.1%-2.9%13.1%5.2%-1.8%
Skew 10d4.1%-7.3%44.4%0.7%-3.2%
Call IV 25d8.1%5.2%11.2%7.8%11.2%
Put IV 25d10.2%6.4%21.1%13.0%9.4%
Bid-Ask Spread %58.748.07100.6069.0741.46
Gamma HHI0.480.370.630.550.37
Net GEX-749.0K-2.6M2.0M-1.5M2.0M
Net DEX-1.1M-16.2M4.5M1.2M-16.2M
Net VEX-104.8K-147.3K-93.5K-109.2K-147.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.003.140.330.06
Total Volume555.238010,4738209
Total OI27,983.23819,59730,82430,76029,385

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$29.45$29.0013.2%3.8%5.3%20.2%10.2%5.2%-1.7%-1.5M1.2M-109.2K0.3369.07N/AN/A628,16622,594
2019-12-03$29.23$29.0013.8%3.9%5.7%21.9%13.7%2.2%-2.7%-2.2M3.5M-110.0K0.3268.09N/AN/A34118,16922,596
2019-12-04$29.45$29.0013.4%3.8%6.3%20.9%13.0%13.1%-1.7%-560.9K840.2K-108.4K0.8572.99N/AN/A13118,17722,606
2019-12-05$29.38$29.0013.9%3.1%6.4%22.3%10.7%5.9%1.3%-2.6M2.2M-103.4K0.3283.18N/AN/A75248,17922,614
2019-12-06$29.52$29.0012.4%1.9%6.4%18.1%7.3%3.6%4.1%-2.5M1.6M-110.2K0.1278.49N/AN/A2538,17522,611
2019-12-09$29.47$29.0012.0%3.2%6.5%17.0%9.9%5.6%0.9%-2.6M1.3M-105.2K0.1370.90N/AN/A2338,17822,608
2019-12-10$29.45$29.0015.6%3.3%6.5%26.9%5.7%6.6%1.1%-557.3K1.3M-105.3K0.0080.29N/AN/A4708,19822,611
2019-12-11$29.59$29.005.8%1.7%6.7%0.0%0.0%4.9%5.0%-591.4K-791.2K-100.6K0.3095.06N/AN/A33108,21322,611
2019-12-12$29.66$29.006.8%2.0%6.6%3.0%8.5%4.9%5.6%-2.2M4.5M-114.0K0.1983.63N/AN/A1638,20022,621
2019-12-13$29.70$29.008.8%2.5%6.6%8.6%7.0%-2.7%1.6%-513.5K-1.8M-99.9K0.01100.60N/AN/A21128,19322,622
2019-12-16$29.51$30.006.9%2.0%6.7%3.3%8.2%1.7%2.7%-389.8K-766.4K-105.1K0.0898.19N/AN/A1317,72622,620
2019-12-17$29.54$30.008.3%2.4%6.7%7.1%0.0%-2.7%2.5%-398.5K-403.5K-104.7K3.1496.71N/AN/A7227,72622,621
2019-12-18$29.55$30.007.9%2.3%6.5%5.9%0.0%-1.6%2.2%-255.6K-1.2M-103.0K0.0215.34N/AN/A4917,80122,604
2019-12-19$29.57$30.006.9%2.0%6.4%3.0%0.0%-1.4%2.2%-246.6K-2.2M-99.5K0.0032.28N/AN/A507,84322,604
2019-12-20$29.62$30.007.0%2.0%6.4%3.5%8.3%1.4%1.5%-172.2K-2.2M-99.2K0.6061.73N/AN/A87527,84522,604
2019-12-23$29.61$30.008.2%2.4%6.3%6.9%8.3%1.8%0.2%-129.2K-1.3M-96.8K0.2115.14N/AN/A73157,76711,830
2019-12-24$29.63$30.008.0%2.3%6.1%6.2%0.0%2.3%1.0%-150.0K-2.8M-94.1K0.0014.10N/AN/A007,83711,845
2019-12-26$29.81$30.007.9%2.3%6.4%6.0%0.0%-2.9%0.8%-91.8K-3.2M-96.6K3.1338.14N/AN/A16507,83711,845
2019-12-27$29.80$30.008.4%2.4%6.3%7.4%8.8%-0.9%0.8%-10.9K-3.6M-94.3K2.188.07N/AN/A11247,85311,841
2019-12-30$29.74$30.009.7%2.8%6.3%11.0%9.8%-1.1%-0.1%-2.4K-3.9M-93.5K0.0010.16N/AN/A10,461127,85411,818
2019-12-31$29.88$30.0010.0%2.9%6.0%11.7%10.0%-1.8%-0.1%2.0M-16.2M-147.3K0.0641.46N/AN/A1971216,55512,830