EWC Options History — January 2021

In January 2021, EWC traded between $30.56 and $32.19. ATM implied volatility averaged 19.0%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 5.4% (HV 20d: 13.7%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 2.66.

Notable Days

  • 2021-01-19: Highest Volume — 2,125 contracts
  • 2021-01-27: Largest IV spike — 40.8% change
  • 2021-01-27: Highest IV Rank — 25.3%
  • 2021-01-27: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.67$30.56$32.19$30.93$30.56
Max Pain$31.00$31.00$31.00$31.00$31.00
ATM IV19.0%16.0%25.2%21.5%23.1%
Expected Move5.5%4.9%7.2%5.8%6.6%
HV 20d13.7%11.8%18.4%12.4%18.4%
HV 60d16.3%14.3%16.7%16.2%16.3%
IV Rank18.9%15.2%25.3%22.9%22.3%
IV Percentile26.2%13.5%61.1%40.9%48.0%
Term Structure1.2%-0.5%5.9%0.6%0.1%
VWIV22.2%15.4%33.1%22.3%33.1%
Skew 25d8.5%6.6%10.8%8.6%9.7%
Skew 10d15.8%8.2%29.8%17.1%29.8%
Call IV 25d16.1%13.8%21.6%17.1%20.5%
Put IV 25d24.6%20.9%32.3%25.7%30.2%
Bid-Ask Spread %69.749.89100.7677.9193.92
Gamma HHI0.240.200.330.260.24
Net GEX137.4K-318.6K757.9K510.3K-318.6K
Net DEX-22.8M-40.8M-2.1M-13.9M-2.1M
Net VEX-226.0K-253.3K-200.5K-253.3K-236.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.660.0023.0023.001.14
Total Volume309.78992,1252490
Total OI49,508.31642,85955,92553,58345,186

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$30.93$31.0021.5%5.8%12.4%22.9%22.3%8.6%0.6%510.3K-13.9M-253.3K23.0077.91N/AN/A12321,18232,401
2021-01-05$31.49$31.0022.2%5.9%13.0%23.9%0.0%9.8%1.0%526.2K-25.2M-238.0K0.0050.44N/AN/A57021,18132,430
2021-01-06$31.70$31.0018.5%5.4%13.2%18.9%20.9%8.7%0.9%388.3K-29.0M-217.8K0.2918.88N/AN/A451321,13332,430
2021-01-07$32.16$31.0016.8%5.3%14.0%16.7%0.0%8.5%0.0%191.1K-38.4M-200.5K0.0782.72N/AN/A72521,14532,440
2021-01-08$32.09$31.0016.0%5.0%14.0%15.6%20.9%6.6%5.9%94.6K-34.7M-230.6K0.0561.77N/AN/A145721,14332,444
2021-01-11$31.74$31.0019.9%5.3%14.4%20.7%21.6%9.9%0.6%308.6K-31.7M-218.0K0.0247.31N/AN/A1,1422621,13832,447
2021-01-12$32.01$31.0017.2%5.4%14.4%17.2%27.3%8.9%-0.2%253.1K-38.8M-202.6K0.0185.80N/AN/A1,456822,18032,464
2021-01-13$31.97$31.0017.8%5.1%12.4%18.0%24.3%7.4%1.1%564.9K-40.8M-227.1K0.5044.26N/AN/A6323,45432,471
2021-01-14$32.18$31.0018.5%5.3%12.1%19.0%17.7%9.3%1.3%624.0K-33.3M-217.3K0.4284.35N/AN/A954019,90332,471
2021-01-15$31.85$31.0018.3%5.3%12.9%18.7%21.5%8.3%1.2%757.9K-29.9M-223.5K0.4291.29N/AN/A331419,96732,497
2021-01-19$31.93$31.0017.4%5.0%12.8%17.5%17.3%8.1%2.0%-22.2K-18.3M-218.1K21.3738.40N/AN/A952,03016,10526,754
2021-01-20$32.19$31.0017.2%4.9%12.3%17.2%0.0%7.1%1.4%-162.8K-21.2M-205.6K0.299.89N/AN/A17516,20028,783
2021-01-21$32.08$31.0016.9%4.9%11.8%16.8%18.8%7.1%2.0%-114.4K-19.6M-215.4K0.1181.17N/AN/A1902116,19828,784
2021-01-22$31.70$31.0017.0%4.9%12.8%17.0%17.4%8.9%1.4%-175.7K-15.7M-227.6K1.05100.76N/AN/A444616,31328,796
2021-01-25$31.70$31.0017.9%5.1%12.6%15.2%19.6%7.5%1.2%-145.0K-13.2M-243.6K0.2189.61N/AN/A751616,34428,786
2021-01-26$31.65$31.0017.9%5.1%12.6%15.2%15.4%7.3%1.8%-142.9K-15.3M-229.2K0.8389.24N/AN/A6516,35228,802
2021-01-27$30.73$31.0025.2%7.2%16.5%25.3%31.0%10.8%-0.5%-296.4K-3.3M-251.5K0.5686.54N/AN/A251416,35728,805
2021-01-28$31.14$31.0022.1%6.3%17.2%20.9%25.7%9.8%0.8%-229.9K-8.8M-237.4K0.2390.82N/AN/A13316,35828,814
2021-01-29$30.56$31.0023.1%6.6%18.4%22.3%33.1%9.7%0.1%-318.6K-2.1M-236.8K1.1493.92N/AN/A424816,36628,820