EWC Options History — November 2021

In November 2021, EWC traded between $37.60 and $39.95. ATM implied volatility averaged 15.5%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 4.6% (HV 20d: 10.8%). Max pain ranged from $37.00 to $39.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 33.47.

Notable Days

2021-11-10: Highest Volume — 151,013 contracts
2021-11-26: Largest IV spike — 38.3% change
2021-11-26: Highest IV Rank — 82.1%
2021-11-26: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.34	$37.60	$39.95	$39.57	$37.60
Max Pain	$37.29	$37.00	$39.00	$39.00	$37.00
ATM IV	15.5%	10.9%	22.3%	12.4%	21.2%
Expected Move	4.5%	3.1%	6.4%	3.5%	6.1%
HV 20d	10.8%	9.7%	13.9%	10.8%	13.9%
HV 60d	13.7%	12.9%	14.3%	14.1%	14.3%
IV Rank	36.5%	8.0%	82.1%	13.8%	75.2%
IV Percentile	47.3%	2.8%	98.4%	11.9%	95.2%
Term Structure	0.3%	-3.1%	2.5%	1.1%	-1.7%
VWIV	16.1%	11.0%	23.2%	14.4%	22.8%
Skew 25d	5.6%	3.5%	13.0%	7.4%	13.0%
Skew 10d	11.9%	6.2%	25.1%	13.1%	25.1%
Call IV 25d	13.5%	9.0%	18.7%	9.0%	16.2%
Put IV 25d	19.0%	15.2%	29.2%	16.4%	29.2%
Bid-Ask Spread %	39.75	11.02	104.10	14.23	94.70
Gamma HHI	0.28	0.21	0.44	0.37	0.25
Net GEX	-9.2M	-11.2M	-6.6M	-6.7M	-10.8M
Net DEX	76.8M	4.1M	242.2M	29.7M	242.2M
Net VEX	-2.9M	-3.3M	-2.6M	-2.7M	-3.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	33.47	6.17	66.30	7.22	62.39
Total Volume	108,290.905	77,524	151,013	144,196	77,524
Total OI	432,080.81	414,632	456,916	423,738	414,858

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-11-01	$39.57	$39.00	12.4%	3.5%	10.8%	13.8%	14.4%	7.4%	1.1%	-6.7M	29.7M	-2.7M	7.22	14.23	N/A	N/A	17,549	126,647	80,994	342,744
2021-11-02	$39.36	$39.00	14.2%	4.1%	11.2%	21.6%	14.4%	4.7%	1.0%	-6.6M	47.6M	-2.7M	7.21	20.25	N/A	N/A	17,549	126,591	80,999	342,741
2021-11-03	$39.61	$39.00	10.9%	3.1%	11.0%	8.0%	11.0%	5.8%	2.5%	-7.3M	28.2M	-2.8M	7.30	22.38	N/A	N/A	17,468	127,436	81,096	342,830
2021-11-04	$39.40	$37.00	13.1%	4.2%	10.4%	22.1%	16.8%	4.6%	2.2%	-7.2M	31.1M	-2.6M	6.17	30.91	N/A	N/A	16,996	104,943	81,172	343,842
2021-11-05	$39.72	$37.00	12.4%	4.1%	10.5%	18.3%	13.9%	3.7%	-0.2%	-8.2M	23.6M	-2.8M	6.20	59.88	N/A	N/A	16,873	104,582	81,211	343,909
2021-11-08	$39.80	$37.00	13.2%	4.2%	10.4%	22.6%	14.2%	4.2%	0.0%	-7.7M	5.7M	-2.7M	6.18	15.57	N/A	N/A	16,897	104,480	81,365	343,916
2021-11-09	$39.87	$37.00	14.0%	4.3%	10.4%	26.4%	14.9%	6.4%	-0.0%	-8.0M	4.1M	-2.6M	6.33	19.18	N/A	N/A	16,493	104,478	81,537	343,922
2021-11-10	$39.49	$37.00	17.2%	4.9%	10.9%	42.8%	14.4%	5.1%	-0.6%	-8.2M	28.0M	-2.8M	8.13	39.22	N/A	N/A	16,542	134,471	81,578	343,923
2021-11-11	$39.44	$37.00	16.5%	4.7%	9.7%	39.2%	13.6%	5.5%	-0.5%	-9.6M	60.7M	-3.0M	8.10	11.02	N/A	N/A	16,502	133,637	81,728	373,928
2021-11-12	$39.95	$37.00	14.3%	4.1%	10.3%	28.2%	14.8%	4.6%	0.4%	-10.7M	13.5M	-2.7M	8.14	15.65	N/A	N/A	16,413	133,637	81,730	373,940
2021-11-15	$39.89	$37.00	15.0%	4.3%	10.4%	31.9%	16.2%	4.6%	-0.3%	-9.7M	21.0M	-3.1M	53.22	26.21	N/A	N/A	1,714	91,226	81,753	373,940
2021-11-16	$39.89	$37.00	14.5%	4.2%	10.3%	29.0%	14.0%	3.6%	0.6%	-10.4M	6.6M	-2.8M	55.66	30.32	N/A	N/A	1,639	91,230	82,000	374,030
2021-11-17	$39.60	$37.00	14.8%	4.2%	10.0%	30.5%	15.7%	3.5%	0.5%	-9.9M	33.5M	-2.8M	56.00	50.65	N/A	N/A	1,639	91,791	81,990	374,926
2021-11-18	$39.60	$37.00	14.2%	4.1%	9.9%	27.5%	17.0%	3.8%	1.2%	-10.5M	52.5M	-3.0M	58.04	57.80	N/A	N/A	1,323	76,784	78,527	374,942
2021-11-19	$39.28	$37.00	15.4%	4.4%	10.4%	39.7%	14.2%	4.9%	1.3%	-9.6M	64.5M	-3.1M	43.60	15.99	N/A	N/A	1,761	76,780	78,568	374,943
2021-11-22	$39.02	$37.00	14.9%	4.3%	10.5%	36.8%	16.4%	5.0%	0.6%	-10.6M	162.2M	-3.0M	50.27	23.64	N/A	N/A	1,527	76,756	55,259	359,373
2021-11-23	$39.07	$37.00	16.3%	4.7%	10.5%	45.5%	18.2%	6.3%	-0.7%	-10.1M	170.7M	-3.1M	60.09	18.41	N/A	N/A	1,278	76,792	55,376	359,395
2021-11-24	$39.28	$37.00	16.1%	4.6%	10.3%	44.3%	15.8%	5.3%	-0.5%	-10.0M	153.7M	-3.0M	62.72	68.32	N/A	N/A	1,225	76,833	55,441	359,458
2021-11-26	$38.33	$37.00	22.3%	6.4%	13.0%	82.1%	23.2%	7.9%	2.5%	-11.1M	222.4M	-3.3M	66.30	104.10	N/A	N/A	1,159	76,840	55,438	359,460
2021-11-29	$38.33	$37.00	22.3%	6.4%	12.9%	81.9%	21.3%	6.7%	-3.1%	-11.2M	211.4M	-3.3M	63.60	96.37	N/A	N/A	1,209	76,895	55,451	359,464
2021-11-30	$37.60	$37.00	21.2%	6.1%	13.9%	75.2%	22.8%	13.0%	-1.7%	-10.8M	242.2M	-3.1M	62.39	94.70	N/A	N/A	1,223	76,301	55,431	359,427