EWC Options History — March 2021

In March 2021, EWC traded between $32.61 and $34.92. ATM implied volatility averaged 17.6%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 1.1% (HV 20d: 16.6%). Max pain ranged from $31.00 to $33.00. Net GEX was positive for 19 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 0.55.

Notable Days

  • 2021-03-25: Highest Volume — 11,553 contracts
  • 2021-03-09: Largest IV drop — 23.1% change
  • 2021-03-08: Highest IV Rank — 19.2%
  • 2021-03-08: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.89$32.61$34.92$32.92$34.08
Max Pain$32.74$31.00$33.00$31.00$33.00
ATM IV17.6%12.7%23.7%18.3%14.8%
Expected Move5.0%3.6%6.2%5.3%4.2%
HV 20d16.6%13.6%18.8%16.1%13.6%
HV 60d16.2%15.9%16.5%15.9%16.2%
IV Rank11.4%4.7%19.2%11.4%9.7%
IV Percentile16.6%0.4%53.6%18.3%1.6%
Term Structure1.5%-0.5%7.3%-0.5%1.3%
VWIV17.4%12.0%23.0%19.5%12.3%
Skew 25d6.2%2.6%10.7%10.7%4.0%
Skew 10d10.7%1.8%18.7%12.4%3.5%
Call IV 25d15.3%12.4%18.1%15.5%12.7%
Put IV 25d21.5%16.7%26.2%26.2%16.7%
Bid-Ask Spread %44.3512.7890.4879.8512.78
Gamma HHI0.220.190.330.220.28
Net GEX110.1K-948.8K444.3K234.2K-740.2K
Net DEX-38.7M-67.3M-15.0M-35.6M-18.7M
Net VEX-242.8K-282.4K-202.1K-269.3K-277.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.005.170.410.01
Total Volume873.7832811,55345267
Total OI52,937.60930,95063,70661,28142,321

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$32.92$31.0018.3%5.3%16.1%11.4%19.5%10.7%-0.5%234.2K-35.6M-269.3K0.4179.85N/AN/A321324,44036,841
2021-03-02$33.25$31.0018.9%5.4%15.9%12.2%18.1%6.4%0.6%243.6K-43.4M-246.7K0.0033.33N/AN/A122024,45036,841
2021-03-03$33.07$31.0019.9%5.7%15.2%13.6%23.0%6.0%0.3%219.5K-41.1M-269.6K1.5244.77N/AN/A314724,44936,841
2021-03-04$32.61$33.0020.7%5.9%16.3%14.8%21.3%7.7%0.1%216.9K-32.7M-282.4K0.8143.14N/AN/A524224,47136,879
2021-03-05$33.12$33.0020.3%5.6%17.0%14.2%18.6%9.3%1.1%271.3K-40.4M-267.3K0.7538.10N/AN/A161224,49936,919
2021-03-08$33.33$33.0023.7%6.2%16.9%19.2%0.0%8.3%0.8%224.2K-46.4M-235.3K0.0169.45N/AN/A406624,51636,910
2021-03-09$33.59$33.0018.3%5.1%16.6%11.3%20.3%6.9%1.3%313.6K-51.1M-227.3K0.8819.59N/AN/A98286124,88236,917
2021-03-10$33.77$33.0017.9%5.1%16.5%10.7%17.4%6.5%2.0%376.5K-53.1M-250.4K0.0230.96N/AN/A90225,77337,733
2021-03-11$34.31$33.0018.8%5.4%17.3%12.0%19.8%7.2%1.0%398.6K-60.7M-233.7K0.1052.61N/AN/A52525,73737,733
2021-03-12$34.48$33.0018.8%5.4%17.3%12.0%17.6%6.9%2.1%393.0K-65.1M-208.2K0.1658.23N/AN/A621025,73337,737
2021-03-15$34.65$33.0015.9%4.6%17.3%7.9%19.4%6.4%2.9%401.4K-66.1M-202.1K0.0140.73N/AN/A308425,66837,739
2021-03-16$34.66$33.0016.3%4.7%17.3%8.4%17.4%5.6%2.5%425.2K-66.4M-213.7K0.2567.30N/AN/A721825,96137,735
2021-03-17$34.92$33.0016.2%4.6%17.0%8.3%16.4%6.2%1.8%444.3K-67.3M-222.9K0.1167.64N/AN/A62725,95437,752
2021-03-18$34.36$33.0018.9%5.4%18.2%12.2%17.8%4.1%2.0%387.4K-44.1M-236.5K0.0135.74N/AN/A378220,38937,756
2021-03-19$34.49$33.0018.1%5.2%18.0%12.4%16.4%8.2%1.9%203.8K-45.1M-220.6K0.9336.08N/AN/A70865820,68637,758
2021-03-22$34.27$33.0016.0%4.6%18.2%10.4%12.0%5.4%1.6%251.7K-18.1M-215.6K0.0153.86N/AN/A647413,61118,048
2021-03-23$33.89$33.0016.8%4.8%18.8%12.0%16.0%4.6%1.1%295.5K-15.4M-238.7K0.1515.12N/AN/A1322013,55117,399
2021-03-24$33.89$33.0016.9%4.8%18.2%12.0%17.0%2.6%0.7%294.9K-16.1M-228.9K0.4220.92N/AN/A552313,67617,419
2021-03-25$33.84$33.0016.0%4.6%16.3%10.5%19.2%5.9%0.5%324.6K-15.0M-236.2K5.1790.48N/AN/A1,8739,68013,72117,416
2021-03-26$34.07$33.0016.0%4.6%15.0%11.6%15.0%3.6%1.5%-894.5K-16.0M-265.5K0.1717.98N/AN/A2674616,03224,110
2021-03-29$34.05$33.0012.7%3.6%14.0%4.7%13.1%6.8%7.3%-804.1K-16.7M-261.8K0.7274.07N/AN/A1,09678516,26024,114
2021-03-30$33.94$33.0014.9%4.3%13.8%10.1%15.5%3.9%1.6%-948.8K-16.3M-274.8K0.0117.29N/AN/A141117,29724,891
2021-03-31$34.08$33.0014.8%4.2%13.6%9.7%12.3%4.0%1.3%-740.2K-18.7M-277.1K0.0112.78N/AN/A265217,42924,892