EWC Options History — September 2021

In September 2021, EWC traded between $35.91 and $38.12. ATM implied volatility averaged 15.0%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 0.2% (HV 20d: 15.2%). Max pain ranged from $33.00 to $37.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.92.

Notable Days

  • 2021-09-17: Highest Volume — 13,167 contracts
  • 2021-09-20: Largest IV spike — 36.8% change
  • 2021-09-30: Highest IV Rank — 52.7%
  • 2021-09-30: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.10$35.91$38.12$37.57$36.41
Max Pain$33.71$33.00$37.00$33.00$33.00
ATM IV15.0%9.8%22.2%9.8%22.2%
Expected Move4.4%2.8%6.4%2.8%6.4%
HV 20d15.2%13.7%16.7%13.7%16.6%
HV 60d14.8%14.0%16.0%14.0%16.0%
IV Rank24.3%3.8%52.7%3.8%52.7%
IV Percentile37.5%0.8%89.7%0.8%89.7%
Term Structure1.2%-2.1%3.3%2.4%-2.1%
VWIV17.8%11.8%25.3%13.2%12.6%
Skew 25d7.1%5.1%9.9%5.2%9.6%
Skew 10d15.6%9.4%21.3%9.4%17.1%
Call IV 25d12.8%9.5%17.4%9.7%14.9%
Put IV 25d19.9%14.9%27.2%14.9%24.4%
Bid-Ask Spread %28.4310.6080.0224.6424.68
Gamma HHI0.260.210.350.240.28
Net GEX-2.6M-7.2M2.0M-1.6M-5.0M
Net DEX78.1M48.8M128.7M64.4M99.7M
Net VEX-1.3M-1.5M-1.3M-1.3M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.007.560.090.06
Total Volume912.9053713,167193234
Total OI221,940.238209,858225,308222,283220,147

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$37.57$33.009.8%2.8%13.7%3.8%13.2%5.2%2.4%-1.6M64.4M-1.3M0.0924.64N/AN/A1771623,177199,106
2021-09-02$37.97$37.0010.5%3.6%14.1%6.5%16.8%6.1%2.5%-1.4M51.8M-1.3M0.0128.01N/AN/A139223,719199,156
2021-09-03$38.12$37.0010.3%3.6%14.1%5.9%18.9%7.0%3.0%-2.0M48.8M-1.4M0.8671.83N/AN/A13411523,831199,172
2021-09-07$37.73$37.0012.3%3.8%14.6%13.6%20.1%6.1%2.1%-1.1M58.4M-1.3M0.4615.92N/AN/A83038223,915199,174
2021-09-08$37.47$36.0015.0%4.3%14.6%24.3%21.2%6.2%2.0%-892.6K64.8M-1.3M0.0915.79N/AN/A4063724,139199,525
2021-09-09$37.57$33.0012.8%3.7%14.6%15.5%16.3%6.1%2.6%-701.2K62.4M-1.4M0.1929.40N/AN/A2073925,336199,470
2021-09-10$37.32$33.0016.1%4.6%14.7%28.5%18.7%6.9%2.0%-801.5K65.4M-1.3M0.0410.60N/AN/A48225,664199,490
2021-09-13$37.34$33.0016.2%4.6%14.7%29.0%18.9%8.3%1.5%-253.1K63.4M-1.3M0.1815.23N/AN/A741325,700199,522
2021-09-14$37.07$33.0015.6%4.5%14.8%26.8%17.2%7.0%1.8%-891.7K81.3M-1.4M1.2833.04N/AN/A587425,727199,521
2021-09-15$37.56$33.0011.8%3.4%15.1%11.6%16.7%8.2%3.3%-3.3M59.6M-1.3M7.5644.66N/AN/A8967325,601199,516
2021-09-16$37.25$33.0014.4%4.1%15.4%22.0%11.8%7.2%0.7%1.2M64.3M-1.3M0.1118.45N/AN/A1131225,586199,511
2021-09-17$36.80$33.0014.5%4.2%14.3%22.5%17.7%6.5%1.1%2.0M95.8M-1.4M0.0019.36N/AN/A13,1105725,129200,179
2021-09-20$35.91$33.0019.9%5.7%16.7%43.6%25.3%9.9%-0.2%-7.2M128.7M-1.5M0.4342.02N/AN/A75332412,814197,044
2021-09-21$36.25$33.0019.0%5.5%15.6%40.1%24.0%9.6%-0.8%-5.0M108.4M-1.5M2.2227.70N/AN/A11224922,794197,047
2021-09-22$36.65$33.0015.1%4.3%15.8%24.6%19.6%7.5%1.1%-4.5M90.6M-1.3M1.3380.02N/AN/A709322,438197,361
2021-09-23$37.07$33.0014.4%4.1%16.3%22.0%15.4%6.2%1.3%-4.1M77.6M-1.3M1.5322.29N/AN/A304622,402197,590
2021-09-24$36.93$33.0013.0%3.7%15.8%16.4%18.0%5.1%1.8%-4.1M81.3M-1.3M0.9115.14N/AN/A222022,381197,614
2021-09-27$37.19$33.0015.0%4.3%15.4%24.3%13.8%5.1%0.6%-4.1M73.7M-1.3M0.1816.80N/AN/A2404322,386197,632
2021-09-28$36.53$33.0017.2%4.9%16.6%32.9%20.6%6.2%0.2%-4.7M94.5M-1.3M1.6021.23N/AN/A355622,390197,649
2021-09-29$36.33$33.0020.2%5.8%16.7%44.6%17.4%8.7%-1.1%-5.2M106.0M-1.5M0.0920.18N/AN/A34322,527197,663
2021-09-30$36.41$33.0022.2%6.4%16.6%52.7%12.6%9.6%-2.1%-5.0M99.7M-1.4M0.0624.68N/AN/A2201422,503197,644