EWC Options History — April 2021

In April 2021, EWC traded between $34.52 and $36.01. ATM implied volatility averaged 13.6%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 2.2% (HV 20d: 11.4%). Max pain ranged from $33.00 to $34.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 2.59.

Notable Days

  • 2021-04-13: Highest Volume — 12,767 contracts
  • 2021-04-28: Largest IV drop — 16.8% change
  • 2021-04-22: Highest IV Rank — 17.2%
  • 2021-04-22: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.12$34.52$36.01$34.56$35.60
Max Pain$33.24$33.00$34.00$33.00$34.00
ATM IV13.6%11.1%15.5%11.1%12.4%
Expected Move4.1%3.2%4.4%3.2%3.6%
HV 20d11.4%8.7%13.0%13.0%12.5%
HV 60d15.3%13.6%16.1%16.1%13.8%
IV Rank10.2%1.5%17.2%1.5%7.3%
IV Percentile3.9%0.4%9.5%0.4%1.6%
Term Structure1.4%0.5%3.3%3.3%2.5%
VWIV15.6%11.7%18.9%12.0%15.4%
Skew 25d5.0%2.6%7.8%3.1%2.6%
Skew 10d9.8%2.0%13.9%2.0%2.4%
Call IV 25d12.2%7.7%14.2%10.8%12.7%
Put IV 25d17.2%14.0%19.5%14.0%15.3%
Bid-Ask Spread %32.069.9772.1717.7457.98
Gamma HHI0.180.150.220.220.19
Net GEX435.3K-362.2K947.7K-362.2K306.5K
Net DEX-34.5M-43.3M-26.8M-26.8M-39.5M
Net VEX-238.8K-263.5K-203.8K-247.9K-217.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.590.0026.860.340.74
Total Volume1,626.4763112,767717,079
Total OI43,478.61940,16847,90842,50943,707

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$34.56$33.0011.1%3.2%13.0%1.5%12.0%3.1%3.3%-362.2K-26.8M-247.9K0.3417.74N/AN/A531817,61724,892
2021-04-05$34.77$33.0012.3%4.2%12.2%4.6%15.6%5.1%0.6%60.5K-28.2M-256.0K0.0041.56N/AN/A588017,61624,905
2021-04-06$34.72$33.0013.3%4.1%12.1%7.3%0.0%5.3%0.7%160.5K-29.9M-261.4K0.6319.04N/AN/A1,04965818,27324,912
2021-04-07$34.67$33.0013.6%4.0%12.0%8.1%14.9%4.9%1.3%35.1K-29.7M-263.5K1.8625.36N/AN/A224119,34225,556
2021-04-08$34.91$33.0012.4%4.0%12.1%5.0%13.8%5.3%1.3%354.7K-33.7M-236.4K0.1525.21N/AN/A27418,69224,946
2021-04-09$35.05$33.0011.5%4.0%10.9%3.3%15.0%5.1%1.2%944.2K-34.9M-234.3K1.0312.90N/AN/A616318,63524,950
2021-04-12$35.00$33.0012.7%4.3%10.9%7.2%18.3%3.9%0.6%947.7K-33.8M-249.3K26.8650.31N/AN/A1082,90118,64924,989
2021-04-13$35.07$33.0013.6%4.2%10.8%10.0%18.9%4.6%0.8%579.8K-33.8M-239.1K3.8712.98N/AN/A2,62210,14518,65727,813
2021-04-14$35.07$33.0014.6%4.2%10.8%13.0%15.6%5.2%1.4%333.2K-34.8M-229.9K0.6062.59N/AN/A28517018,61627,914
2021-04-15$35.30$33.0014.8%4.2%10.7%13.7%14.9%5.2%1.5%561.9K-39.2M-217.8K0.1572.17N/AN/A1,04915418,79728,022
2021-04-16$35.42$33.0014.2%4.1%8.7%11.7%0.0%6.2%1.6%683.3K-38.6M-246.3K0.0564.19N/AN/A76419,73428,174
2021-04-19$35.05$33.0015.1%4.3%9.6%14.6%16.0%3.9%1.6%622.0K-32.9M-249.5K1.0512.03N/AN/A15516318,90021,268
2021-04-20$34.52$33.0015.4%4.4%10.9%15.5%16.6%5.3%0.5%455.2K-27.0M-257.8K0.0824.03N/AN/A3793119,01021,391
2021-04-21$35.05$33.0014.6%4.2%11.2%13.2%18.0%5.6%1.6%641.7K-32.9M-248.0K1.1520.83N/AN/A263019,26221,416
2021-04-22$34.86$33.0015.5%4.4%11.5%17.2%15.2%5.1%1.2%576.6K-30.8M-259.0K0.0631.10N/AN/A4963219,26721,440
2021-04-23$35.06$33.0014.2%4.1%11.6%12.7%16.9%5.3%1.4%669.0K-34.4M-238.3K12.0719.72N/AN/A2412,90819,54421,461
2021-04-26$35.41$34.0014.7%4.2%11.8%15.6%16.5%4.2%0.7%508.1K-38.5M-218.9K3.1411.22N/AN/A3821,20119,69023,496
2021-04-27$35.48$34.0015.0%4.3%11.8%16.7%17.2%5.8%0.8%334.5K-39.3M-213.8K0.569.97N/AN/A18110119,63624,344
2021-04-28$36.01$34.0012.5%3.6%12.4%7.5%11.7%7.8%1.9%418.8K-43.3M-203.8K0.0469.43N/AN/A4441919,50424,345
2021-04-29$35.95$34.0012.7%3.7%12.5%8.5%13.0%4.3%2.0%310.7K-41.6M-226.1K0.0213.00N/AN/A187319,30924,360
2021-04-30$35.60$34.0012.4%3.6%12.5%7.3%15.4%2.6%2.5%306.5K-39.5M-217.5K0.7457.98N/AN/A4,0753,00419,34524,362