EWC Options History — December 2021

In December 2021, EWC traded between $36.26 and $38.66. ATM implied volatility averaged 18.2%, placing in the 50.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 1.9% (HV 20d: 20.1%). Max pain ranged from $36.00 to $37.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 24.39.

Notable Days

  • 2021-12-17: Highest Volume — 120,111 contracts
  • 2021-12-13: Largest IV spike — 52.9% change
  • 2021-12-01: Highest IV Rank — 100.0%
  • 2021-12-01: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.64$36.26$38.66$37.10$38.47
Max Pain$36.14$36.00$37.00$37.00$36.00
ATM IV18.2%13.2%27.4%27.4%14.6%
Expected Move5.2%4.2%7.9%7.9%4.2%
HV 20d20.1%14.4%24.0%14.4%20.6%
HV 60d15.8%14.4%16.6%14.4%16.3%
IV Rank50.2%23.2%100.0%100.0%30.8%
IV Percentile68.7%23.8%100.0%100.0%44.0%
Term Structure1.8%-5.8%17.2%-5.8%1.5%
VWIV20.3%14.2%25.8%24.5%15.0%
Skew 25d6.7%2.8%11.9%11.9%5.5%
Skew 10d12.9%5.0%24.4%7.0%13.4%
Call IV 25d15.4%11.0%22.3%21.4%11.0%
Put IV 25d22.1%16.5%33.3%33.3%16.5%
Bid-Ask Spread %60.9020.00105.9499.1290.78
Gamma HHI0.230.200.270.210.25
Net GEX-11.2M-12.6M-9.9M-11.4M-9.9M
Net DEX267.1M188.5M367.8M262.2M223.2M
Net VEX-3.3M-3.7M-2.7M-3.2M-3.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio24.394.4781.3965.504.48
Total Volume104,151.18277,339120,11177,339119,753
Total OI441,564.455414,995460,281414,995460,281

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$37.10$37.0027.4%7.9%14.4%100.0%24.5%11.9%-5.8%-11.4M262.2M-3.2M65.5099.12N/AN/A1,16376,17655,449359,546
2021-12-02$37.55$37.0024.8%7.1%15.0%85.6%25.7%10.4%0.4%-11.4M251.8M-2.8M76.75103.80N/AN/A1,00276,90055,487360,270
2021-12-03$37.05$37.0026.8%7.7%15.5%96.4%23.9%2.8%-3.9%-11.8M273.6M-3.3M76.01105.94N/AN/A1,01376,99655,444360,261
2021-12-06$37.83$36.0019.7%5.4%17.3%58.5%22.5%9.9%0.9%-10.9M226.5M-2.7M75.4593.45N/AN/A1,02076,96055,471360,229
2021-12-07$38.66$36.0015.0%4.5%19.2%33.0%16.2%7.6%2.6%-10.5M217.5M-3.3M76.1359.94N/AN/A1,01076,89355,450360,236
2021-12-08$38.55$36.0013.4%4.3%19.2%24.3%15.8%4.9%2.9%-10.2M188.5M-2.9M81.3939.91N/AN/A94576,91455,490360,214
2021-12-09$38.15$36.0017.5%4.6%19.3%46.3%15.1%4.7%2.8%-10.4M214.0M-2.9M9.4589.03N/AN/A8,99184,94555,489360,230
2021-12-10$38.00$36.0013.2%4.4%19.3%23.2%17.5%5.1%2.9%-11.0M218.0M-3.2M7.7633.89N/AN/A11,23487,15065,530370,230
2021-12-13$36.99$36.0020.2%5.3%20.4%60.8%24.0%7.3%1.1%-11.1M284.6M-3.4M6.6322.49N/AN/A13,52589,70264,164370,437
2021-12-14$36.80$36.0023.7%5.5%20.4%79.8%24.4%8.1%0.3%-11.7M331.6M-3.6M5.5423.21N/AN/A16,82993,20666,713372,964
2021-12-15$37.02$36.0017.5%5.0%20.6%46.8%24.0%5.2%0.4%-12.6M335.5M-3.4M5.5383.79N/AN/A16,87093,24272,725378,958
2021-12-16$37.16$36.0018.5%5.3%20.8%51.8%23.8%7.1%17.2%-11.2M315.4M-3.6M5.5232.32N/AN/A16,88793,28172,762378,924
2021-12-17$36.92$36.0018.9%5.4%20.8%53.8%25.8%7.1%1.3%-11.5M328.3M-3.6M4.5023.62N/AN/A21,82398,28872,775378,900
2021-12-20$36.26$36.0020.9%6.0%21.3%65.1%25.3%8.0%1.6%-11.9M367.8M-3.5M4.5184.95N/AN/A21,74198,14776,416383,506
2021-12-21$37.01$36.0018.3%5.2%23.0%50.8%22.4%7.7%1.4%-12.0M324.3M-3.5M4.5230.50N/AN/A21,72998,15476,414383,512
2021-12-22$37.51$36.0014.9%4.3%23.7%32.8%19.9%6.8%2.0%-12.1M306.3M-3.7M4.5228.13N/AN/A21,72298,15376,416383,529
2021-12-23$37.94$36.0014.6%4.2%24.0%30.7%18.3%6.2%1.8%-11.3M267.0M-3.6M4.5249.47N/AN/A21,72498,15676,423383,527
2021-12-27$38.27$36.0015.5%4.4%22.7%35.5%16.5%5.5%1.8%-10.2M232.8M-3.3M4.5040.07N/AN/A21,77097,94076,430383,512
2021-12-28$38.27$36.0015.5%4.4%22.7%35.6%14.2%5.5%1.5%-10.8M226.3M-3.2M4.4920.00N/AN/A21,81197,93076,495383,499
2021-12-29$38.19$36.0014.6%4.2%21.6%30.9%14.3%4.1%2.0%-11.1M250.3M-3.6M4.4993.35N/AN/A21,82397,94176,546383,499
2021-12-30$38.30$36.0014.6%4.2%20.9%30.9%18.3%5.7%2.0%-10.4M231.0M-3.4M4.4792.12N/AN/A21,90697,96176,555383,510
2021-12-31$38.47$36.0014.6%4.2%20.6%30.8%15.0%5.5%1.5%-9.9M223.2M-3.4M4.4890.78N/AN/A21,83997,91476,753383,528