EWC Options History — February 2020

In February 2020, EWC traded between $27.28 and $30.76. ATM implied volatility averaged 12.5%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 1.2% (HV 20d: 11.2%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 30.74.

Notable Days

  • 2020-02-28: Highest Volume — 4,272 contracts
  • 2020-02-28: Largest IV spike — 49.2% change
  • 2020-02-28: Highest IV Rank — 81.6%
  • 2020-02-28: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.96$27.28$30.76$29.69$27.28
Max Pain$29.79$29.00$30.00$30.00$30.00
ATM IV12.5%6.8%34.8%9.8%34.8%
Expected Move3.7%1.9%10.0%2.8%10.0%
HV 20d11.2%8.3%20.3%8.3%20.3%
HV 60d7.9%6.5%13.2%6.5%13.2%
IV Rank22.1%6.9%81.6%15.1%81.6%
IV Percentile39.6%2.0%99.6%21.8%99.6%
Term Structure-0.1%-9.9%5.1%0.9%-9.9%
VWIV14.4%8.7%34.4%9.9%34.4%
Skew 25d3.8%-1.5%11.8%-1.5%11.8%
Skew 10d3.4%-1.7%17.7%1.0%12.3%
Call IV 25d11.1%5.7%28.8%9.7%28.8%
Put IV 25d14.9%7.7%40.6%8.2%40.6%
Bid-Ask Spread %55.768.78102.9096.7194.69
Gamma HHI0.390.300.460.330.30
Net GEX7.5M135.8K10.0M6.2M135.8K
Net DEX-47.0M-80.0M31.5M-32.1M31.5M
Net VEX-409.4K-450.6K-261.6K-439.9K-261.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio30.740.00304.140.05304.14
Total Volume412.15824,272964,272
Total OI79,869.68478,88380,99978,88680,033

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$29.69$30.009.8%2.8%8.3%15.1%9.9%-1.5%0.9%6.2M-32.1M-439.9K0.0596.71N/AN/A91552,99925,887
2020-02-04$29.99$30.0010.5%3.0%9.0%16.8%0.0%-1.0%0.1%7.8M-46.0M-442.9K0.0099.19N/AN/A55053,01525,883
2020-02-05$30.20$30.007.9%2.3%9.3%9.8%0.0%0.0%1.7%8.3M-54.6M-445.7K2.0466.93N/AN/A10521453,00025,883
2020-02-06$30.35$29.008.5%3.0%9.4%11.6%9.9%3.5%0.7%8.9M-60.2M-450.6K1.0041.47N/AN/A1153,09126,093
2020-02-07$30.18$29.0010.0%3.2%9.7%15.5%11.5%3.5%0.5%8.2M-53.2M-444.4K95.5018.72N/AN/A219153,09226,092
2020-02-10$30.26$29.0011.6%3.2%9.7%19.7%9.9%4.1%0.4%8.9M-56.1M-436.0K1.2516.17N/AN/A4553,09426,282
2020-02-11$30.40$29.006.9%3.2%9.8%7.3%11.4%1.5%0.8%9.7M-64.1M-431.0K30.6820.79N/AN/A411,25853,09426,282
2020-02-12$30.59$30.008.3%2.4%10.0%11.0%0.0%2.9%2.2%9.8M-72.2M-432.4K0.0015.20N/AN/A25053,10427,532
2020-02-13$30.51$30.008.3%2.4%9.9%11.0%8.7%2.7%1.5%9.9M-69.5M-429.7K0.0031.59N/AN/A2053,12827,532
2020-02-14$30.57$30.008.8%2.5%9.8%12.3%0.0%2.1%1.4%9.8M-70.7M-427.2K0.0025.62N/AN/A81053,12927,533
2020-02-18$30.55$30.006.8%1.9%9.8%6.9%13.5%5.3%5.1%9.8M-68.4M-419.4K0.0025.59N/AN/A54053,13927,533
2020-02-19$30.76$30.009.6%2.7%10.1%14.3%11.8%3.9%0.8%10.0M-80.0M-411.9K0.698.78N/AN/A161153,16927,533
2020-02-20$30.70$30.009.9%2.8%10.1%15.2%11.8%4.1%0.8%9.8M-76.1M-416.9K0.7230.03N/AN/A18013053,16927,534
2020-02-21$30.62$30.0011.0%3.2%10.1%18.2%13.8%3.9%0.3%9.1M-73.5M-420.5K14.5090.76N/AN/A68753,34027,659
2020-02-24$29.99$30.0014.7%4.2%12.4%27.9%14.4%3.9%-0.1%7.3M-42.1M-409.6K0.7390.63N/AN/A18213353,28026,337
2020-02-25$29.36$30.0019.1%5.5%14.1%39.8%16.5%6.8%-2.3%4.3M-16.3M-389.3K10.7584.94N/AN/A88653,43626,205
2020-02-26$29.07$30.0017.3%4.9%14.2%34.8%16.2%5.2%-3.0%3.4M-6.8M-360.8K0.00102.90N/AN/A012453,43826,209
2020-02-27$28.19$30.0023.3%6.7%17.5%51.0%22.9%10.1%-3.8%723.9K17.8M-308.8K91.2098.69N/AN/A545653,43826,327
2020-02-28$27.28$30.0034.8%10.0%20.3%81.6%34.4%11.8%-9.9%135.8K31.5M-261.6K304.1494.69N/AN/A144,25853,44126,592