EWC Options History — May 2020

In May 2020, EWC traded between $23.46 and $25.41. ATM implied volatility averaged 29.4%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 2.9% (HV 20d: 32.3%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 32.35.

Notable Days

  • 2020-05-22: Highest Volume — 14,587 contracts
  • 2020-05-12: Largest IV spike — 84.0% change
  • 2020-05-13: Highest IV Rank — 44.0%
  • 2020-05-13: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.41$23.46$25.41$23.79$25.20
Max Pain$23.05$23.00$24.00$24.00$23.00
ATM IV29.4%14.7%37.5%35.1%26.2%
Expected Move8.7%7.4%10.7%10.1%7.5%
HV 20d32.3%26.9%38.2%38.2%26.9%
HV 60d67.3%66.9%68.0%66.9%67.4%
IV Rank33.3%13.9%44.0%40.9%29.1%
IV Percentile80.8%69.0%86.5%85.7%76.6%
Term Structure-0.8%-3.8%2.0%-1.2%-0.1%
VWIV36.2%27.4%45.4%40.8%31.4%
Skew 25d11.7%7.8%15.7%15.0%7.8%
Skew 10d26.3%19.5%37.3%32.2%21.6%
Call IV 25d25.5%20.8%30.7%30.7%23.6%
Put IV 25d37.2%31.4%45.7%45.7%31.4%
Bid-Ask Spread %42.9112.5075.0116.1654.57
Gamma HHI0.210.170.250.170.22
Net GEX-2.4M-3.2M-1.6M-1.6M-2.1M
Net DEX17.1M-12.4M42.7M29.0M-7.7M
Net VEX-204.9K-244.8K-157.2K-241.4K-157.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio32.350.48230.706.831.06
Total Volume1,540.951614,587846103
Total OI120,209.75107,414135,424107,414135,424

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$23.79$24.0035.1%10.1%38.2%40.9%40.8%15.0%-1.2%-1.6M29.0M-241.4K6.8316.16N/AN/A10873851,36356,051
2020-05-04$23.93$23.0035.2%10.0%37.4%41.0%45.4%15.7%-1.5%-1.6M27.4M-235.7K16.8663.93N/AN/A711851,34156,584
2020-05-05$24.07$23.0033.8%9.7%33.3%39.1%38.9%11.7%-0.7%-1.7M22.9M-231.7K52.2924.51N/AN/A736651,34156,636
2020-05-06$24.01$23.0034.0%9.7%32.8%39.4%40.9%13.7%-2.0%-1.7M25.1M-231.1K0.0016.61N/AN/A011751,34256,429
2020-05-07$24.20$23.0033.6%9.4%32.7%38.8%42.0%11.2%-1.0%-1.8M19.6M-216.8K13.3312.50N/AN/A34051,34256,491
2020-05-08$24.54$23.0025.6%7.8%32.5%28.3%35.9%10.6%0.6%-2.1M15.5M-213.1K37.0013.40N/AN/A27451,34761,467
2020-05-11$24.64$23.0014.7%7.4%32.5%13.9%29.2%10.2%0.6%-2.2M13.1M-194.6K1.2027.73N/AN/A16620051,34861,794
2020-05-12$24.28$23.0027.1%9.0%33.0%30.3%38.2%11.4%-0.8%-2.2M19.9M-211.8K230.7027.35N/AN/A4410,15151,45961,920
2020-05-13$23.46$23.0037.5%10.7%33.1%44.0%42.3%12.8%-3.8%-3.0M42.7M-244.8K46.0022.67N/AN/A231,05851,44071,969
2020-05-14$23.62$23.0032.3%9.3%32.9%37.2%35.9%12.8%2.0%-3.1M40.8M-241.3K0.4837.17N/AN/A1627751,43772,896
2020-05-15$23.70$23.0031.1%8.9%30.1%35.6%38.7%12.3%-0.5%-3.0M38.6M-231.8K99.6329.75N/AN/A161,59451,48372,884
2020-05-18$24.70$23.0026.1%7.5%33.3%28.9%36.1%11.4%0.3%-2.9M16.9M-194.5K40.2963.25N/AN/A728251,13471,419
2020-05-19$24.51$23.0026.7%7.7%31.1%29.7%34.9%10.4%-1.1%-3.0M18.6M-194.3K0.8166.86N/AN/A272251,13371,477
2020-05-20$24.74$23.0026.1%7.5%30.5%29.0%36.6%9.4%1.3%-3.2M9.4M-185.1K34.5024.40N/AN/A26951,12871,475
2020-05-21$24.41$23.0030.9%8.9%31.1%35.3%38.9%11.1%-2.2%-3.1M18.6M-188.8K7.0075.01N/AN/A21451,12871,475
2020-05-22$24.38$23.0029.1%8.4%31.0%33.0%27.4%14.5%-0.6%-3.2M18.6M-188.0K1.0873.99N/AN/A7,0107,57751,13071,464
2020-05-26$25.15$23.0026.7%7.6%32.3%29.7%32.7%11.7%-0.9%-2.0M-4.1M-173.4K14.5671.83N/AN/A1826258,05076,923
2020-05-27$25.40$23.0027.7%7.9%32.0%31.0%27.9%10.7%-2.3%-1.8M-12.4M-160.8K4.2572.60N/AN/A3615358,05977,117
2020-05-28$25.41$23.0028.4%8.1%29.2%32.0%29.4%9.7%-1.8%-2.0M-11.4M-161.0K6.8163.82N/AN/A2114358,06877,227
2020-05-29$25.20$23.0026.2%7.5%26.9%29.1%31.4%7.8%-0.1%-2.1M-7.7M-157.2K1.0654.57N/AN/A505358,08077,344