EWC Options History — May 2021

In May 2021, EWC traded between $35.66 and $37.89. ATM implied volatility averaged 15.2%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 1.4% (HV 20d: 13.8%). Max pain ranged from $31.00 to $37.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 4.82.

Notable Days

  • 2021-05-17: Highest Volume — 6,624 contracts
  • 2021-05-12: Largest IV spike — 34.0% change
  • 2021-05-12: Highest IV Rank — 39.3%
  • 2021-05-12: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.90$35.66$37.89$35.86$37.89
Max Pain$32.95$31.00$37.00$34.00$37.00
ATM IV15.2%12.1%21.1%12.8%12.5%
Expected Move4.4%3.6%6.0%3.7%3.6%
HV 20d13.8%12.6%15.2%12.6%12.9%
HV 60d13.9%12.6%14.7%13.9%12.6%
IV Rank18.9%6.3%39.3%8.9%8.6%
IV Percentile15.1%1.2%54.0%4.0%3.2%
Term Structure0.5%-1.5%2.2%2.0%0.4%
VWIV17.0%12.3%22.9%16.8%12.3%
Skew 25d6.0%4.0%7.7%5.8%6.6%
Skew 10d12.5%1.7%17.2%12.1%9.7%
Call IV 25d12.8%9.0%17.2%9.8%9.0%
Put IV 25d18.8%15.5%23.3%15.7%15.5%
Bid-Ask Spread %27.698.2269.8449.928.22
Gamma HHI0.220.120.350.170.23
Net GEX199.8K-1.4M1.1M253.0K-851.9K
Net DEX-47.3M-57.6M-37.8M-40.4M-47.6M
Net VEX-269.9K-302.3K-248.0K-279.6K-253.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.820.0086.360.180.01
Total Volume1,089.3686,6249768
Total OI51,834.3549,07056,42649,25153,023

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$35.86$34.0012.8%3.7%12.6%8.9%16.8%5.8%2.0%253.0K-40.4M-279.6K0.1849.92N/AN/A821521,89427,357
2021-05-04$35.66$34.0014.3%4.1%12.8%14.4%18.7%6.3%1.2%168.2K-37.8M-288.5K2.3968.88N/AN/A5713621,85927,357
2021-05-05$36.06$34.0014.1%4.0%13.2%13.5%14.4%4.0%1.5%235.9K-41.6M-287.9K0.0646.86N/AN/A132821,87127,360
2021-05-06$36.32$31.0014.4%4.6%13.2%14.6%16.1%6.2%-0.4%321.1K-45.6M-266.1K0.1316.29N/AN/A1502021,71927,367
2021-05-07$36.80$31.0012.1%4.1%13.8%6.3%14.0%4.6%2.2%420.4K-49.5M-257.1K0.0123.65N/AN/A1,237921,70327,367
2021-05-10$36.88$31.0014.4%4.3%13.7%14.8%19.7%5.3%1.0%763.9K-50.9M-248.0K0.0139.19N/AN/A512722,41927,374
2021-05-11$36.57$31.0015.7%4.7%14.3%19.5%19.0%7.0%0.8%555.6K-46.2M-266.5K0.3825.23N/AN/A26810322,25327,375
2021-05-12$36.27$31.0021.1%6.0%14.7%39.3%18.1%6.1%-1.5%439.1K-42.6M-302.3K0.0227.58N/AN/A163422,25827,376
2021-05-13$36.36$31.0018.8%5.4%14.6%30.9%20.6%7.6%-0.0%517.2K-43.4M-281.8K0.0032.98N/AN/A937422,27527,383
2021-05-14$36.84$31.0015.4%4.4%15.2%20.9%22.9%6.2%0.9%986.3K-50.8M-253.9K0.0469.84N/AN/A149623,12627,387
2021-05-17$37.17$31.0016.1%4.6%14.6%23.7%17.4%6.5%1.1%982.5K-53.6M-251.3K0.899.54N/AN/A3,5023,12223,12727,388
2021-05-18$37.34$31.0016.2%4.7%12.9%24.4%17.7%7.7%0.9%1.1M-57.6M-266.7K3.7523.72N/AN/A13048725,93530,491
2021-05-19$36.83$31.0017.3%5.0%13.6%29.1%18.7%5.7%0.9%890.3K-47.1M-277.3K0.9932.18N/AN/A18818725,04730,498
2021-05-20$37.39$31.0016.7%4.8%14.0%26.4%17.3%6.8%0.5%1.1M-54.5M-272.5K0.1210.30N/AN/A2042525,01330,496
2021-05-21$37.33$31.0016.6%4.8%14.1%26.1%16.0%4.3%-0.6%1.1M-54.5M-266.1K86.3622.27N/AN/A706,04525,09030,515
2021-05-24$37.61$37.0014.1%4.0%14.0%15.4%15.0%6.8%-0.8%-1.1M-44.7M-275.6K0.7012.34N/AN/A18112723,56629,931
2021-05-25$37.36$37.0015.4%4.4%14.4%20.8%14.4%4.2%0.1%-1.4M-42.1M-270.9K0.2714.50N/AN/A792123,69129,970
2021-05-26$37.57$37.0013.0%3.7%13.7%10.7%14.4%5.0%0.1%-1.4M-46.0M-267.0K0.019.44N/AN/A2,2191623,74929,984
2021-05-27$37.81$37.0012.8%3.7%13.7%9.9%16.3%7.4%0.1%-1.0M-49.6M-265.6K0.0110.80N/AN/A1,1031324,10129,992
2021-05-28$37.89$37.0012.5%3.6%12.9%8.6%12.3%6.6%0.4%-851.9K-47.6M-253.0K0.018.22N/AN/A67123,02230,001