EWC Options History — July 2020

In July 2020, EWC traded between $25.91 and $27.63. ATM implied volatility averaged 23.1%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 4.9% (HV 20d: 18.2%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 2.57.

Notable Days

  • 2020-07-06: Highest Volume — 4,889 contracts
  • 2020-07-28: Largest IV spike — 45.2% change
  • 2020-07-14: Highest IV Rank — 38.1%
  • 2020-07-14: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.73$25.91$27.63$25.98$27.24
Max Pain$25.36$25.00$26.00$26.00$26.00
ATM IV23.1%15.9%33.0%24.1%21.9%
Expected Move6.7%4.5%7.9%6.9%6.3%
HV 20d18.2%12.9%28.3%28.3%13.9%
HV 60d26.6%23.5%29.3%29.3%23.7%
IV Rank25.0%15.4%38.1%26.4%23.4%
IV Percentile63.7%54.4%82.1%67.1%59.1%
Term Structure1.6%-0.8%10.0%1.8%0.4%
VWIV24.8%18.1%33.9%33.9%21.7%
Skew 25d9.9%3.0%13.6%9.0%7.9%
Skew 10d18.9%5.6%26.4%15.2%7.6%
Call IV 25d19.3%12.3%28.8%20.5%18.4%
Put IV 25d29.3%16.7%38.0%29.6%26.3%
Bid-Ask Spread %50.2417.3989.7965.1265.82
Gamma HHI0.370.250.430.330.38
Net GEX-1.1M-1.9M-547.8K-1.3M-670.3K
Net DEX17.1M4.0M26.6M25.4M13.4M
Net VEX-93.4K-121.4K-77.3K-112.8K-77.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.570.0011.001.632.00
Total Volume44824,889213
Total OI32,050.27323,28038,69038,57523,280

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$25.98$26.0024.1%6.9%28.3%26.4%33.9%9.0%1.8%-1.3M25.4M-112.8K1.6365.12N/AN/A81314,84923,726
2020-07-02$26.12$26.0022.3%6.4%28.1%24.0%0.0%9.6%2.2%-1.4M22.9M-113.4K11.0039.47N/AN/A11114,85323,737
2020-07-06$26.17$25.0024.6%7.3%26.6%27.0%29.7%10.3%0.8%-1.5M23.1M-103.6K8.1043.38N/AN/A5374,35214,85423,744
2020-07-07$25.97$25.0023.9%7.3%26.1%26.1%0.0%9.2%10.0%-1.5M22.2M-121.4K0.0089.79N/AN/A2014,87823,745
2020-07-08$26.15$25.0025.0%7.2%26.3%27.5%0.0%10.9%4.9%-1.5M22.1M-108.6K0.1477.91N/AN/A7114,87823,745
2020-07-09$25.91$25.0025.0%7.3%26.3%27.5%29.5%11.5%2.4%-1.7M26.6M-100.6K0.0086.75N/AN/A01514,88223,745
2020-07-10$26.13$25.0024.0%7.2%15.4%26.1%29.4%12.7%1.3%-1.8M24.1M-97.3K0.0064.15N/AN/A0814,88223,770
2020-07-13$26.07$25.0023.2%7.7%14.8%25.1%24.1%11.3%0.6%-1.9M24.0M-91.6K2.6843.38N/AN/A195114,88223,772
2020-07-14$26.45$25.0033.0%7.9%15.5%38.1%26.7%11.9%0.4%-1.8M16.6M-93.1K1.2524.45N/AN/A4514,89423,796
2020-07-15$26.93$25.0024.0%6.9%16.2%26.2%31.8%11.2%1.2%-1.2M6.1M-92.3K9.3420.28N/AN/A4414,12014,89423,796
2020-07-16$26.78$25.0023.5%6.7%16.3%25.6%29.8%9.7%0.8%-867.3K4.0M-93.2K2.6064.01N/AN/A102614,89623,671
2020-07-17$26.89$25.0021.7%6.2%16.3%23.1%22.3%10.3%3.1%-609.7K4.1M-85.7K0.1538.02N/AN/A13214,90223,694
2020-07-20$27.05$25.0021.5%6.2%16.3%22.9%23.0%9.8%0.9%-659.6K16.9M-85.6K1.2933.86N/AN/A28369,77114,559
2020-07-21$27.20$25.0022.0%6.3%16.3%23.6%19.6%8.0%1.7%-547.8K13.9M-97.0K0.1625.12N/AN/A3769,79714,582
2020-07-22$27.30$25.0022.3%6.4%16.3%23.9%18.1%10.2%1.0%-680.0K15.7M-86.9K0.0030.75N/AN/A209,80314,580
2020-07-23$27.05$25.0023.0%6.6%14.3%24.9%19.9%9.4%0.4%-651.9K16.5M-85.0K0.1561.31N/AN/A1329,80514,580
2020-07-24$26.93$26.0022.6%6.5%14.6%24.3%19.1%9.8%1.2%-642.8K17.2M-82.7K6.5017.39N/AN/A2139,79814,581
2020-07-27$27.34$26.0015.9%4.5%13.5%15.4%0.0%3.0%-0.8%-664.8K16.0M-82.8K0.0058.67N/AN/A0209,79914,594
2020-07-28$27.28$26.0023.1%6.6%13.5%24.9%22.5%8.7%-0.7%-713.9K16.4M-81.8K0.2070.14N/AN/A519,80114,604
2020-07-29$27.63$26.0018.8%5.4%12.9%19.3%20.6%13.6%1.2%-736.8K14.9M-82.6K1.6442.30N/AN/A14239,80214,605
2020-07-30$27.40$26.0023.2%6.7%13.6%25.1%0.0%10.6%0.4%-748.3K13.5M-78.8K0.0043.23N/AN/A509,80413,476
2020-07-31$27.24$26.0021.9%6.3%13.9%23.4%21.7%7.9%0.4%-670.3K13.4M-77.3K2.0065.82N/AN/A129,80413,476