EWC Options History — January 2020

In January 2020, EWC traded between $29.64 and $30.55. ATM implied volatility averaged 8.9%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 2.6%. IV traded above realized volatility by 4.2% (HV 20d: 4.7%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 3.69.

Notable Days

  • 2020-01-03: Highest Volume — 15,313 contracts
  • 2020-01-24: Largest IV spike — 93.1% change
  • 2020-01-27: Highest IV Rank — 19.2%
  • 2020-01-27: Largest Expected Move — 3.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.18$29.64$30.55$29.91$29.64
Max Pain$29.71$29.00$30.00$30.00$30.00
ATM IV8.9%4.2%11.4%9.7%10.2%
Expected Move2.6%1.2%3.3%2.8%2.9%
HV 20d4.7%3.4%8.3%5.2%8.3%
HV 60d5.7%5.3%6.5%6.5%6.5%
IV Rank10.4%0.0%19.2%10.9%15.9%
IV Percentile14.8%0.0%42.9%14.7%26.2%
Term Structure0.9%-0.1%4.3%0.2%0.7%
VWIV10.1%8.1%13.0%9.2%10.3%
Skew 25d2.9%-3.6%6.4%-3.6%4.1%
Skew 10d1.1%-19.7%5.0%-5.8%4.6%
Call IV 25d7.0%3.9%11.4%11.4%9.6%
Put IV 25d9.8%5.8%13.8%7.8%13.8%
Bid-Ask Spread %55.669.5699.3632.1795.92
Gamma HHI0.420.340.470.380.34
Net GEX6.0M2.1M9.1M2.1M6.3M
Net DEX-49.5M-71.8M-16.5M-17.3M-34.4M
Net VEX-307.0K-434.5K-144.2K-145.0K-403.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.690.0030.180.1216.76
Total Volume2,417.429415,313195,309
Total OI55,023.71429,54873,61029,54873,610

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$29.91$30.009.7%2.8%5.2%10.9%0.0%-3.6%0.2%2.1M-17.3M-145.0K0.1232.17N/AN/A17216,71812,830
2020-01-03$29.86$30.009.3%2.7%4.7%10.0%9.2%-1.8%0.6%2.1M-16.5M-144.2K0.0030.65N/AN/A15,312116,71912,831
2020-01-06$29.98$29.009.6%2.8%4.7%10.6%13.0%6.4%0.6%4.3M-38.2M-244.9K1.9516.86N/AN/A6412530,49612,810
2020-01-07$30.01$29.009.4%2.9%4.5%10.1%12.3%5.9%0.8%4.2M-38.6M-248.4K20.8775.54N/AN/A601,25230,49812,935
2020-01-08$30.04$29.009.2%2.7%4.4%9.6%0.0%6.0%1.2%4.1M-39.7M-245.4K0.009.56N/AN/A74030,53114,187
2020-01-09$30.04$29.009.1%2.8%4.3%9.3%10.1%6.1%0.2%4.3M-39.5M-240.7K3.0056.40N/AN/A1330,53314,187
2020-01-10$30.03$29.008.9%2.8%4.1%8.7%0.0%5.5%0.3%4.4M-39.4M-243.1K1.3336.24N/AN/A3430,53414,190
2020-01-13$30.13$29.0010.0%2.8%4.2%11.9%9.8%5.1%0.5%4.5M-42.0M-238.5K0.2181.41N/AN/A1703530,53314,194
2020-01-14$30.23$30.009.3%2.7%4.3%10.0%9.5%5.8%0.8%4.6M-44.7M-231.3K0.0187.91N/AN/A5,0222730,54314,229
2020-01-15$30.34$30.009.2%2.6%3.4%9.4%9.2%1.6%1.3%5.1M-55.3M-284.9K0.2445.52N/AN/A902235,54014,256
2020-01-16$30.48$30.009.1%2.6%3.6%9.4%8.1%0.1%1.6%5.1M-58.6M-283.7K0.0086.75N/AN/A8,4882335,52114,270
2020-01-17$30.55$30.004.8%1.4%3.6%0.0%9.2%0.7%3.7%8.0M-70.9M-315.8K0.1252.44N/AN/A17243,98514,287
2020-01-21$30.55$30.006.8%2.0%3.6%5.5%0.0%-1.0%1.3%8.3M-70.1M-309.3K0.4636.15N/AN/A6,5803,00643,87114,265
2020-01-22$30.46$30.009.3%2.7%3.9%12.5%0.0%5.5%0.2%9.0M-71.7M-380.5K0.2736.00N/AN/A511449,42917,264
2020-01-23$30.53$30.004.2%1.2%3.9%0.0%10.3%6.0%4.3%9.1M-71.8M-379.2K30.1815.97N/AN/A1751349,45417,276
2020-01-24$30.37$30.008.1%2.3%4.6%10.4%0.0%1.4%0.6%8.7M-66.0M-397.5K1.0314.80N/AN/A2,0302,08450,46518,788
2020-01-27$30.07$30.0011.4%3.3%5.7%19.2%0.0%1.9%-0.0%7.4M-53.5M-434.5K0.3671.59N/AN/A11452,49520,868
2020-01-28$30.24$30.008.6%2.5%6.0%11.8%0.0%1.0%0.2%8.4M-59.6M-432.5K0.6195.41N/AN/A1066552,49220,864
2020-01-29$30.16$30.0010.2%2.9%6.0%15.9%10.2%2.3%-0.1%8.5M-57.4M-423.3K0.0392.23N/AN/A35152,59820,888
2020-01-30$30.12$30.0010.5%3.0%5.9%16.7%10.5%1.1%0.4%8.4M-54.3M-420.0K0.0599.36N/AN/A120652,62520,889
2020-01-31$29.64$30.0010.2%2.9%8.3%15.9%10.3%4.1%0.7%6.3M-34.4M-403.2K16.7695.92N/AN/A2995,01052,72520,885