EWC Options History — September 2020

In September 2020, EWC traded between $26.90 and $29.05. ATM implied volatility averaged 23.8%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 6.4% (HV 20d: 17.4%). Max pain ranged from $27.00 to $30.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.95.

Notable Days

  • 2020-09-08: Highest Volume — 6,016 contracts
  • 2020-09-23: Largest IV spike — 38.1% change
  • 2020-09-04: Highest IV Rank — 32.3%
  • 2020-09-03: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.84$26.90$29.05$28.86$27.43
Max Pain$27.86$27.00$30.00$30.00$27.00
ATM IV23.8%19.7%28.6%19.9%24.1%
Expected Move6.8%5.7%7.8%5.7%6.9%
HV 20d17.4%9.9%21.2%10.3%21.1%
HV 60d15.9%14.0%18.8%18.2%16.0%
IV Rank26.0%20.5%32.3%20.8%26.3%
IV Percentile61.7%48.0%75.8%54.0%61.5%
Term Structure2.4%-3.2%5.3%2.2%3.2%
VWIV24.7%19.8%31.6%19.8%28.9%
Skew 25d8.0%-1.6%16.2%12.1%10.3%
Skew 10d14.1%4.1%22.6%22.3%14.1%
Call IV 25d19.2%13.0%27.3%13.0%18.3%
Put IV 25d27.3%20.6%32.1%25.1%28.6%
Bid-Ask Spread %67.4029.9298.0772.0167.31
Gamma HHI0.420.230.710.370.23
Net GEX-1.1M-3.3M-12.3K-1.1M-25.0K
Net DEX13.1M7.9M19.4M10.9M8.1M
Net VEX-190.0K-220.2K-148.5K-159.9K-200.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.950.009.500.000.07
Total Volume546.04846,0161635
Total OI32,311.38126,55341,42131,31827,207

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$28.86$30.0019.9%5.7%10.3%20.8%19.8%12.1%2.2%-1.1M10.9M-159.9K0.0072.01N/AN/A1609,84321,475
2020-09-02$29.05$30.0021.1%6.0%9.9%22.3%21.2%7.9%1.7%-973.7K8.7M-154.9K0.2564.39N/AN/A1239,86021,475
2020-09-03$28.37$28.0027.1%7.8%13.3%30.3%26.2%-1.6%3.3%-1.1M13.5M-167.4K0.6369.55N/AN/A90579,86221,475
2020-09-04$28.26$28.0028.6%7.3%13.0%32.3%23.3%6.0%2.3%-1.2M15.0M-164.6K0.5398.07N/AN/A1589,92221,510
2020-09-08$27.66$28.0027.6%7.2%15.0%31.0%31.6%9.9%4.0%-1.4M18.9M-148.5K1.0080.60N/AN/A3,0023,0149,92821,510
2020-09-09$28.30$28.0023.8%6.8%17.2%25.9%20.7%9.3%0.7%-1.5M13.9M-187.2K1.2971.28N/AN/A141812,93024,522
2020-09-10$27.84$28.0023.1%6.6%17.9%25.0%21.5%6.9%5.3%-1.5M17.6M-193.6K1.1756.17N/AN/A6712,94424,522
2020-09-11$27.90$28.0022.4%6.4%17.9%24.1%0.0%2.1%-0.2%-1.8M18.7M-189.0K0.0089.60N/AN/A0412,94124,529
2020-09-14$28.13$28.0021.8%6.2%18.2%23.3%21.5%6.9%4.4%-2.1M15.2M-186.9K0.0062.14N/AN/A0712,93924,528
2020-09-15$28.18$28.0022.7%6.5%17.4%24.5%22.6%9.0%3.6%-2.2M14.5M-196.4K7.0071.54N/AN/A1712,93924,531
2020-09-16$28.05$28.0023.1%6.6%17.4%25.1%0.0%5.2%3.8%-1.9M16.8M-193.8K1.0061.66N/AN/A2,0002,00012,94024,479
2020-09-17$27.88$28.0025.8%7.4%17.4%28.5%0.0%2.2%1.0%-3.3M18.2M-210.2K0.0095.12N/AN/A06714,94026,479
2020-09-18$27.79$28.0023.0%6.6%17.3%24.8%25.7%8.9%0.9%-3.1M19.4M-220.2K3.7178.96N/AN/A72614,94026,481
2020-09-21$27.18$28.0023.7%6.8%18.7%25.8%23.8%9.4%2.6%-23.9K9.4M-205.9K0.1873.77N/AN/A22410,37716,176
2020-09-22$27.55$27.0019.7%5.7%19.4%20.5%0.0%11.5%4.9%-12.3K8.1M-202.5K1.3352.89N/AN/A121610,39816,180
2020-09-23$26.90$27.0027.2%7.8%20.8%30.4%27.4%8.0%-3.2%-21.1K10.1M-207.6K3.4344.98N/AN/A72410,40716,181
2020-09-24$27.04$27.0025.5%7.3%20.2%28.1%0.0%7.6%2.0%-98.5K10.2M-189.1K0.0035.56N/AN/A03710,40816,188
2020-09-25$27.20$27.0024.9%7.1%20.4%27.3%31.1%16.2%2.1%-47.2K10.0M-204.3K9.5029.92N/AN/A2220910,40816,189
2020-09-28$27.54$27.0020.5%5.9%21.2%21.5%28.9%10.6%4.7%-27.1K7.9M-206.3K0.1163.15N/AN/A4374610,40916,361
2020-09-29$27.46$27.0025.1%7.2%21.1%27.6%0.0%9.7%1.8%-31.3K9.6M-202.2K0.0776.65N/AN/A2011410,84616,360
2020-09-30$27.43$27.0024.1%6.9%21.1%26.3%0.0%10.3%3.2%-25.0K8.1M-200.2K0.0067.31N/AN/A03510,84616,361