EWC Options History — August 2020

In August 2020, EWC traded between $27.43 and $28.98. ATM implied volatility averaged 20.1%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 7.5% (HV 20d: 12.6%). Max pain ranged from $26.00 to $30.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 132.67.

Notable Days

  • 2020-08-18: Highest Volume — 7,018 contracts
  • 2020-08-27: Largest IV spike — 38.1% change
  • 2020-08-27: Highest IV Rank — 28.2%
  • 2020-08-27: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.39$27.43$28.98$27.43$28.82
Max Pain$29.43$26.00$30.00$26.00$30.00
ATM IV20.1%16.9%25.5%22.6%18.8%
Expected Move5.8%4.8%7.3%6.5%5.4%
HV 20d12.6%10.8%14.1%14.0%11.0%
HV 60d20.9%18.4%23.7%23.7%18.4%
IV Rank21.1%16.7%28.2%24.3%19.3%
IV Percentile56.2%50.0%68.3%60.3%52.4%
Term Structure3.1%-7.2%8.7%0.1%4.1%
VWIV22.1%11.3%30.4%11.3%27.3%
Skew 25d8.5%4.2%11.5%10.6%4.2%
Skew 10d13.6%4.2%20.7%7.5%9.0%
Call IV 25d16.4%13.1%19.7%16.1%17.7%
Put IV 25d24.9%21.9%27.2%26.7%21.9%
Bid-Ask Spread %47.8312.4697.3240.5030.97
Gamma HHI0.400.300.460.400.39
Net GEX-840.1K-1.1M-625.9K-762.1K-1.0M
Net DEX10.2M6.6M14.6M13.1M10.8M
Net VEX-116.1K-176.1K-75.4K-75.4K-164.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio132.670.002338.330.221.00
Total Volume480.28667,0185632
Total OI26,732.85723,28231,52723,28231,289

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$27.43$26.0022.6%6.5%14.0%24.3%11.3%10.6%0.1%-762.1K13.1M-75.4K0.2240.50N/AN/A46109,80513,477
2020-08-04$27.78$26.0019.3%5.5%13.9%20.0%19.5%10.0%0.1%-734.0K11.3M-79.4K0.0037.72N/AN/A1709,84313,487
2020-08-05$28.10$26.0019.7%5.6%14.1%20.4%21.1%10.2%0.7%-625.9K9.1M-84.1K0.3636.20N/AN/A2599,84813,490
2020-08-06$28.19$30.0025.1%6.1%13.3%27.6%0.0%7.5%3.8%-663.1K8.2M-85.0K0.0097.32N/AN/A609,84913,496
2020-08-07$27.96$30.0018.8%5.9%13.9%19.3%30.4%9.2%3.8%-711.7K9.2M-84.6K3.5081.98N/AN/A279,84913,496
2020-08-10$28.12$30.0019.7%6.0%13.8%20.6%23.2%10.2%3.4%-700.3K9.1M-80.9K0.2274.37N/AN/A929,85013,497
2020-08-11$28.14$30.0021.9%6.3%13.2%23.4%24.6%8.0%2.8%-683.5K8.2M-80.2K6.7338.57N/AN/A604049,85013,498
2020-08-12$28.38$30.0021.1%6.1%12.2%22.4%20.3%8.0%3.6%-672.0K6.7M-83.9K0.4727.11N/AN/A49239,84413,488
2020-08-13$28.34$30.0021.3%6.1%11.9%22.6%24.7%9.9%3.9%-713.8K8.1M-80.3K0.0088.39N/AN/A01059,88713,509
2020-08-14$28.21$30.0021.5%6.2%12.2%22.8%27.1%11.5%2.8%-741.4K8.7M-80.1K18.0070.65N/AN/A1189,88813,614
2020-08-17$28.61$30.0017.7%5.1%12.8%17.9%27.3%9.2%5.4%-772.1K7.6M-75.8K2.8867.34N/AN/A8239,88813,617
2020-08-18$28.62$30.0018.4%5.3%12.8%18.7%21.6%7.7%6.2%-732.3K6.6M-78.7K2338.3365.33N/AN/A37,0159,88413,627
2020-08-19$28.45$30.0020.7%5.9%13.1%21.8%17.7%7.3%6.3%-957.8K12.6M-159.3K0.7012.46N/AN/A1079,88320,631
2020-08-20$28.60$30.0017.6%5.0%12.5%17.7%18.9%7.4%8.7%-982.3K13.3M-176.1K118.5924.20N/AN/A172,0169,89321,634
2020-08-21$28.38$30.0019.9%5.7%12.8%20.8%0.0%8.9%3.4%-1.1M14.6M-162.1K1.8022.07N/AN/A599,90221,425
2020-08-24$28.49$30.0020.5%5.9%11.9%21.6%21.0%10.1%2.5%-1.1M13.9M-165.0K0.0036.37N/AN/A0179,83521,360
2020-08-25$28.60$30.0016.9%4.8%11.8%16.7%18.9%10.3%3.7%-1.1M12.4M-152.9K22.0034.50N/AN/A1229,83521,370
2020-08-26$28.97$30.0018.5%5.3%11.8%18.9%19.0%6.5%1.3%-989.6K10.6M-159.7K0.0834.29N/AN/A1219,83721,391
2020-08-27$28.98$30.0025.5%7.3%11.2%28.2%20.9%6.5%-7.2%-794.4K9.9M-168.3K5.6748.56N/AN/A12689,83821,391
2020-08-28$28.96$30.0017.5%5.0%10.8%17.6%26.2%6.0%4.7%-999.1K9.7M-162.9K0.2535.43N/AN/A1239,83821,457
2020-08-31$28.82$30.0018.8%5.4%11.0%19.3%27.3%4.2%4.1%-1.0M10.8M-164.2K1.0030.97N/AN/A16169,83021,459