EWC Options History — October 2020

In October 2020, EWC traded between $26.46 and $28.68. ATM implied volatility averaged 23.4%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 6.6% (HV 20d: 16.8%). Max pain ranged from $26.00 to $30.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 6.14.

Notable Days

  • 2020-10-14: Highest Volume — 133 contracts
  • 2020-10-14: Largest IV spike — 50.7% change
  • 2020-10-30: Highest IV Rank — 39.6%
  • 2020-10-30: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.86$26.46$28.68$27.53$26.46
Max Pain$27.82$26.00$30.00$27.00$28.00
ATM IV23.4%10.4%34.2%21.2%34.2%
Expected Move7.2%5.7%9.8%6.1%9.8%
HV 20d16.8%11.9%21.0%21.0%18.6%
HV 60d16.0%15.4%17.2%16.0%17.2%
IV Rank25.4%8.3%39.6%22.5%39.6%
IV Percentile57.5%22.6%84.1%48.8%84.1%
Term Structure0.3%-7.6%8.3%2.8%-3.1%
VWIV24.8%19.4%31.9%24.5%27.8%
Skew 25d10.2%4.5%17.3%11.1%13.7%
Skew 10d17.7%6.1%35.0%12.6%30.2%
Call IV 25d20.4%16.5%28.1%18.2%28.1%
Put IV 25d30.6%23.2%43.2%29.3%41.8%
Bid-Ask Spread %66.6434.4693.8254.8086.96
Gamma HHI0.240.200.310.240.20
Net GEX52.2K-116.9K181.2K8.2K-116.9K
Net DEX6.3M1.4M14.6M8.1M14.6M
Net VEX-197.9K-213.6K-167.6K-207.5K-167.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.140.00104.000.000.15
Total Volume34.7271133163
Total OI27,295.86427,11627,46727,20927,372

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$27.53$27.0021.2%6.1%21.0%22.5%0.0%11.1%2.8%8.2K8.1M-207.5K0.0054.80N/AN/A1010,84616,363
2020-10-02$27.61$27.0020.5%5.9%19.5%21.6%0.0%4.5%3.8%-19.4K8.0M-199.0K0.0040.03N/AN/A2010,84716,363
2020-10-05$28.02$26.0021.2%7.0%20.3%22.5%24.5%13.1%0.2%9.5K7.0M-202.9K0.0284.48N/AN/A101210,84816,363
2020-10-06$27.71$26.0023.8%7.1%19.2%25.9%0.0%7.5%-0.8%181.2K4.3M-204.2K0.0083.24N/AN/A3010,93916,362
2020-10-07$28.07$26.0020.5%7.1%17.9%21.6%29.0%10.2%1.1%110.3K5.4M-213.6K0.5747.46N/AN/A14810,94016,362
2020-10-08$28.44$27.0018.9%7.2%17.4%19.4%23.9%9.7%0.2%106.1K3.2M-205.9K0.0036.13N/AN/A8010,95216,369
2020-10-09$28.57$27.0010.4%5.9%17.5%8.3%19.4%8.0%8.3%97.6K1.4M-195.8K10.3360.79N/AN/A66210,95616,369
2020-10-12$28.68$30.0015.1%5.7%17.3%14.4%20.0%8.0%7.8%116.2K2.0M-206.0K0.1652.89N/AN/A32510,95516,415
2020-10-13$28.47$30.0015.7%6.7%17.6%15.2%25.1%7.7%0.5%106.9K3.5M-199.0K1.2576.59N/AN/A4510,98216,416
2020-10-14$28.38$30.0023.7%6.8%17.5%25.8%22.2%9.3%0.4%94.0K3.9M-201.9K0.7783.94N/AN/A755810,98016,421
2020-10-15$28.28$28.0023.9%6.8%17.4%26.0%22.6%11.6%-7.6%126.0K5.0M-201.9K1.1590.80N/AN/A131511,05216,412
2020-10-16$28.23$28.0023.3%6.7%17.4%25.2%0.0%10.8%2.6%99.0K4.3M-200.5K0.0082.04N/AN/A0311,05516,412
2020-10-19$27.97$28.0024.5%7.0%15.6%26.9%21.1%9.2%1.6%53.5K6.0M-198.1K0.0162.41N/AN/A86110,88416,232
2020-10-20$28.07$28.0025.3%7.2%15.0%27.8%25.3%9.7%-0.6%69.7K6.1M-198.3K0.1734.46N/AN/A12210,97016,238
2020-10-21$27.93$28.0024.6%7.0%12.0%26.9%27.8%10.6%-0.8%38.0K6.4M-196.3K0.0076.57N/AN/A0310,98116,240
2020-10-22$28.05$28.0024.1%6.9%12.0%26.4%20.7%5.4%-0.3%73.8K6.0M-196.9K2.5093.00N/AN/A61510,98116,241
2020-10-23$28.07$28.0024.1%6.9%11.9%26.4%0.0%5.2%0.1%112.4K5.0M-203.0K0.2058.04N/AN/A5110,98116,256
2020-10-26$27.53$28.0027.6%7.9%13.4%30.9%30.1%12.0%-1.2%-20.3K6.3M-194.1K0.8140.22N/AN/A161310,98616,262
2020-10-27$27.53$28.0029.1%8.4%13.3%33.0%0.0%17.3%-4.2%11.1K8.9M-191.3K0.0089.71N/AN/A6010,99216,274
2020-10-28$26.56$28.0032.5%9.3%18.5%37.4%31.9%15.8%-2.9%-16.3K10.3M-192.2K104.0093.82N/AN/A110410,99516,274
2020-10-29$26.70$28.0030.0%8.6%18.5%34.1%25.5%13.7%-2.1%-91.3K12.9M-177.8K0.6337.79N/AN/A8510,99516,376
2020-10-30$26.46$28.0034.2%9.8%18.6%39.6%27.8%13.7%-3.1%-116.9K14.6M-167.6K0.1586.96N/AN/A55810,99416,378