EWC Options History — April 2020

In April 2020, EWC traded between $20.78 and $25.13. ATM implied volatility averaged 40.2%, placing in the 47.7% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 30.5% (HV 20d: 70.8%). Max pain ranged from $20.00 to $23.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 56.28.

Notable Days

  • 2020-04-08: Highest Volume — 30,219 contracts
  • 2020-04-08: Largest IV drop — 22.7% change
  • 2020-04-01: Highest IV Rank — 67.0%
  • 2020-04-01: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.92$20.78$25.13$20.78$24.35
Max Pain$21.95$20.00$23.00$23.00$22.00
ATM IV40.2%28.5%54.9%54.9%33.8%
Expected Move11.3%8.2%15.7%15.7%9.7%
HV 20d70.8%36.8%106.8%106.1%36.8%
HV 60d64.9%62.7%66.8%62.7%66.8%
IV Rank47.7%32.2%67.0%67.0%39.2%
IV Percentile89.7%83.7%95.2%95.2%85.3%
Term Structure-0.7%-4.1%2.7%-4.1%-0.0%
VWIV44.1%29.4%62.0%62.0%34.1%
Skew 25d15.2%9.6%18.4%18.4%9.6%
Skew 10d33.1%11.8%43.4%36.0%20.6%
Call IV 25d33.0%23.1%46.6%46.6%28.2%
Put IV 25d48.2%36.6%65.0%65.0%37.8%
Bid-Ask Spread %57.9027.1275.9671.3438.98
Gamma HHI0.160.130.190.150.16
Net GEX-917.1K-1.6M-530.6K-603.2K-1.6M
Net DEX30.1M9.0M42.3M42.3M19.0M
Net VEX-203.5K-252.7K-117.0K-117.0K-238.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio56.280.51707.50142.3310.34
Total Volume2,816.33322230,219430635
Total OI93,870.47676,427107,13476,504107,134

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$20.78$23.0054.9%15.7%106.1%67.0%62.0%18.4%-4.1%-603.2K42.3M-117.0K142.3371.34N/AN/A342741,05835,446
2020-04-02$21.18$20.0051.9%14.0%106.8%63.0%58.1%17.5%-3.4%-636.3K41.3M-124.5K30.1356.49N/AN/A824141,05635,388
2020-04-03$20.88$20.0049.5%13.1%106.7%59.9%51.0%16.8%-1.5%-530.6K35.6M-170.5K1.6970.05N/AN/A12921841,05435,456
2020-04-06$22.01$20.0042.6%11.4%101.1%50.8%56.3%17.1%-1.5%-778.0K38.2M-129.2K2.8452.34N/AN/A15343541,00335,424
2020-04-07$22.45$20.0049.9%12.8%101.3%60.4%42.3%17.9%-2.6%-777.9K35.8M-136.3K14.0075.96N/AN/A3650441,08135,646
2020-04-08$22.73$22.0038.6%11.1%100.7%45.4%53.9%17.3%-0.1%-783.1K34.6M-139.8K0.5155.49N/AN/A20,01110,20841,10235,899
2020-04-09$23.15$22.0041.4%11.9%86.8%49.3%46.2%15.0%-3.6%-588.3K26.3M-224.8K0.5871.05N/AN/A43024951,11745,930
2020-04-13$23.23$22.0040.1%11.5%83.1%47.5%43.2%14.8%-1.4%-532.3K24.0M-230.7K2.6963.98N/AN/A6517551,50746,054
2020-04-14$23.45$22.0037.9%10.9%75.8%44.5%37.8%15.1%-0.9%-597.7K21.3M-235.6K10.4164.16N/AN/A5961451,47546,157
2020-04-15$22.68$22.0038.0%10.9%77.1%44.6%47.8%15.8%-2.0%-672.1K31.1M-205.9K4.2928.36N/AN/A4820651,52746,269
2020-04-16$22.47$22.0040.7%11.7%65.8%48.3%45.5%15.6%0.3%-638.5K33.3M-201.1K5.5844.73N/AN/A5229051,53846,339
2020-04-17$23.34$22.0035.8%10.3%64.7%41.8%40.7%16.6%1.5%-712.7K24.1M-212.4K5.0052.08N/AN/A3718551,53846,493
2020-04-20$23.29$22.0042.2%12.1%63.8%50.2%42.6%16.5%-2.4%-642.5K24.8M-212.4K77.4066.39N/AN/A13810,68151,01940,585
2020-04-21$22.57$23.0042.3%12.1%60.6%50.4%42.3%15.0%-1.1%-1.1M41.3M-242.0K4.0469.07N/AN/A14659051,12851,238
2020-04-22$23.05$23.0039.0%11.2%48.5%46.0%39.9%15.4%2.5%-1.2M36.0M-252.7K0.0070.76N/AN/A031751,22251,553
2020-04-23$23.18$23.0039.7%11.4%41.3%46.9%44.2%14.0%0.7%-1.2M34.7M-245.3K7.8571.95N/AN/A4132251,22251,623
2020-04-24$23.43$23.0035.8%10.3%41.3%41.8%39.6%13.1%1.9%-1.3M31.2M-246.3K14.5466.70N/AN/A2840751,22751,744
2020-04-27$23.82$23.0030.3%8.7%39.0%34.6%31.8%12.0%2.7%-1.4M26.0M-233.5K707.5027.12N/AN/A85,66051,22351,996
2020-04-28$24.21$23.0032.2%9.2%39.1%37.0%37.1%14.2%0.4%-1.5M21.3M-239.3K14.7739.00N/AN/A1862,74751,23854,764
2020-04-29$25.13$22.0028.5%8.2%39.4%32.2%29.4%12.1%-0.6%-1.4M9.0M-235.2K69.1159.84N/AN/A352,41951,31355,494
2020-04-30$24.35$22.0033.8%9.7%36.8%39.2%34.1%9.6%-0.0%-1.6M19.0M-238.3K10.3438.98N/AN/A5657951,32455,810