EWC Options History — February 2021

In February 2021, EWC traded between $30.96 and $33.60. ATM implied volatility averaged 17.4%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 0.9% (HV 20d: 18.2%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.83.

Notable Days

  • 2021-02-03: Highest Volume — 8,005 contracts
  • 2021-02-25: Largest IV spike — 52.4% change
  • 2021-02-01: Highest IV Rank — 20.5%
  • 2021-02-25: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.52$30.96$33.60$30.96$32.36
Max Pain$31.00$31.00$31.00$31.00$31.00
ATM IV17.4%13.9%23.1%21.8%22.2%
Expected Move5.1%4.4%6.6%6.2%6.4%
HV 20d18.2%16.1%20.0%19.0%17.1%
HV 60d15.0%14.3%16.0%15.7%15.6%
IV Rank13.0%6.8%20.5%20.5%17.0%
IV Percentile14.9%2.4%48.0%41.3%42.9%
Term Structure3.8%-1.5%33.6%1.3%-1.2%
VWIV18.9%15.5%24.7%20.7%24.7%
Skew 25d8.1%4.6%11.7%7.3%11.7%
Skew 10d15.6%5.8%22.7%22.7%13.4%
Call IV 25d15.4%10.3%25.8%25.8%15.3%
Put IV 25d23.5%20.9%33.1%33.1%27.0%
Bid-Ask Spread %60.8524.43111.14111.1439.78
Gamma HHI0.210.200.230.230.20
Net GEX103.9K-260.6K322.2K-260.6K153.0K
Net DEX-30.4M-45.8M-6.3M-6.3M-29.1M
Net VEX-262.2K-298.5K-210.7K-237.3K-283.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.006.800.586.80
Total Volume893.211148,0051978
Total OI54,491.57945,08161,22045,19761,220

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$30.96$31.0021.8%6.2%19.0%20.5%0.0%7.3%1.3%-260.6K-6.3M-237.3K0.58111.14N/AN/A12716,37528,822
2021-02-02$31.51$31.0017.0%4.9%20.0%14.0%20.7%9.6%2.3%-165.2K-12.3M-229.1K0.0124.43N/AN/A209316,40428,822
2021-02-03$31.60$31.0015.8%4.5%19.0%12.3%0.0%7.2%2.4%-147.7K-16.0M-210.7K1.0081.64N/AN/A4,0014,00416,25828,823
2021-02-04$31.71$31.0014.9%5.0%18.9%11.1%19.7%7.5%5.0%-4.9K-20.3M-298.5K0.6152.03N/AN/A613720,23732,825
2021-02-05$32.03$31.0014.9%5.0%18.5%11.2%23.8%7.5%4.7%23.9K-23.6M-294.6K0.0088.26N/AN/A17020,29832,861
2021-02-08$32.41$31.0017.0%5.4%18.9%14.0%15.7%7.8%1.9%35.0K-28.7M-273.6K0.8438.05N/AN/A564720,29732,861
2021-02-09$32.66$31.0013.9%4.7%18.6%9.7%16.2%7.1%3.3%125.1K-32.8M-266.0K0.0535.85N/AN/A100520,29732,883
2021-02-10$32.73$31.0016.6%4.7%18.4%13.4%18.1%8.2%2.8%130.6K-33.1M-265.8K0.3685.89N/AN/A331220,30232,882
2021-02-11$32.75$31.0016.5%4.7%18.4%13.3%0.0%4.6%3.7%187.9K-35.1M-260.3K0.1695.46N/AN/A19320,30032,882
2021-02-12$32.86$31.0016.8%4.8%18.3%13.7%0.0%11.3%3.0%214.6K-35.6M-253.4K0.0090.09N/AN/A14020,29132,882
2021-02-16$33.03$31.0017.6%5.0%17.9%14.8%17.6%6.9%2.4%174.2K-37.6M-243.3K0.9992.86N/AN/A2,5352,50020,28432,912
2021-02-17$32.78$31.0016.7%4.8%18.2%13.6%15.5%7.6%3.9%182.3K-34.6M-263.6K0.1135.60N/AN/A72822,81835,412
2021-02-18$32.70$31.0016.4%4.7%18.0%9.8%16.0%6.4%33.6%200.5K-32.6M-277.3K0.5038.41N/AN/A301522,89035,415
2021-02-19$33.05$31.0016.8%4.8%18.3%9.8%20.9%7.0%1.6%322.2K-38.5M-266.8K0.6044.56N/AN/A352122,89935,425
2021-02-22$33.12$31.0018.3%5.3%17.6%11.4%18.6%8.4%0.9%175.9K-39.8M-249.8K0.0042.61N/AN/A32022,65735,248
2021-02-23$33.15$31.0018.8%5.4%17.6%12.0%19.3%8.3%0.3%216.8K-39.2M-256.8K1.0281.90N/AN/A1,4281,45722,97635,248
2021-02-24$33.60$31.0015.2%4.4%17.9%6.8%16.5%9.9%1.3%196.4K-45.8M-265.7K0.1031.77N/AN/A59624,39036,749
2021-02-25$32.89$31.0023.1%6.6%16.1%18.3%19.8%8.7%-1.5%214.7K-36.6M-285.6K2.0645.77N/AN/A183724,44436,751
2021-02-26$32.36$31.0022.2%6.4%17.1%17.0%24.7%11.7%-1.2%153.0K-29.1M-283.1K6.8039.78N/AN/A106824,44636,774