EWC Options History — January 2022

In January 2022, EWC traded between $37.16 and $39.31. ATM implied volatility averaged 19.9%, placing in the 57.3% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 3.4% (HV 20d: 16.6%). Max pain ranged from $35.00 to $38.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 5.05.

Notable Days

2022-01-27: Highest Volume — 188,386 contracts
2022-01-26: Largest IV spike — 21.4% change
2022-01-26: Highest IV Rank — 100.0%
2022-01-26: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.23	$37.16	$39.31	$38.57	$38.10
Max Pain	$36.55	$35.00	$38.00	$36.00	$38.00
ATM IV	19.9%	12.6%	30.0%	12.6%	21.8%
Expected Move	5.8%	3.6%	8.6%	3.6%	6.2%
HV 20d	16.6%	12.9%	19.8%	19.8%	18.6%
HV 60d	16.7%	15.9%	18.1%	16.0%	18.1%
IV Rank	57.3%	19.8%	100.0%	19.8%	60.9%
IV Percentile	77.9%	16.3%	100.0%	16.3%	93.7%
Term Structure	-0.6%	-7.2%	2.3%	2.3%	-2.5%
VWIV	21.0%	13.5%	30.8%	15.6%	19.1%
Skew 25d	6.9%	2.1%	13.4%	4.9%	13.4%
Skew 10d	14.5%	-0.1%	22.4%	5.5%	22.4%
Call IV 25d	17.2%	11.4%	23.4%	11.4%	16.6%
Put IV 25d	24.2%	16.3%	32.8%	16.3%	30.0%
Bid-Ask Spread %	47.65	14.41	89.99	88.80	54.00
Gamma HHI	0.19	0.14	0.26	0.23	0.18
Net GEX	-9.5M	-12.2M	-7.3M	-11.1M	-9.8M
Net DEX	214.6M	114.0M	317.1M	205.4M	222.4M
Net VEX	-3.5M	-4.0M	-3.0M	-3.2M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.05	4.22	7.16	4.48	4.94
Total Volume	140,016.85	117,376	188,386	119,768	188,326
Total OI	487,152.65	460,251	521,923	460,251	487,006

Daily Data (20 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
2022-01-03	$38.57	$36.00	12.6%	3.6%	19.8%	19.8%	15.6%	4.9%	2.3%	-11.1M	205.4M	-3.2M	4.48	88.80	N/A	N/A	21,837	97,931	76,728	383,523
2022-01-04	$38.32	$36.00	14.4%	4.1%	18.7%	29.6%	13.5%	4.3%	1.7%	-10.9M	216.0M	-3.1M	4.42	89.99	N/A	N/A	22,232	98,364	76,731	383,521
2022-01-05	$37.79	$36.00	15.6%	4.5%	17.7%	36.2%	17.0%	2.1%	1.2%	-11.8M	279.8M	-3.6M	4.22	89.59	N/A	N/A	24,380	103,003	81,732	388,577
2022-01-06	$37.99	$38.00	15.8%	5.1%	17.8%	37.6%	17.9%	6.7%	0.2%	-9.3M	234.7M	-3.5M	5.31	71.87	N/A	N/A	19,415	103,038	94,171	389,124
2022-01-07	$38.28	$38.00	15.9%	5.1%	17.7%	38.0%	18.8%	6.4%	0.4%	-8.7M	200.6M	-3.4M	5.33	40.89	N/A	N/A	19,318	103,057	94,210	386,658
2022-01-10	$38.10	$38.00	17.5%	5.2%	17.7%	46.3%	20.9%	7.2%	0.6%	-8.6M	224.8M	-3.4M	5.32	79.31	N/A	N/A	19,378	103,035	94,196	386,661
2022-01-11	$38.83	$35.00	15.2%	4.6%	15.8%	34.1%	18.2%	5.9%	0.6%	-8.0M	157.9M	-3.3M	7.11	32.88	N/A	N/A	14,494	103,038	94,218	386,708
2022-01-12	$39.31	$36.00	16.4%	4.7%	15.9%	40.7%	17.9%	5.9%	0.5%	-7.4M	114.0M	-3.2M	7.16	21.53	N/A	N/A	14,383	102,993	94,312	386,737
2022-01-13	$39.16	$35.00	17.8%	5.1%	16.0%	48.2%	19.6%	6.6%	0.6%	-7.3M	138.2M	-3.4M	5.55	14.41	N/A	N/A	19,320	107,269	94,292	386,727
2022-01-14	$39.13	$35.00	17.0%	4.9%	16.1%	44.0%	18.8%	7.3%	0.7%	-7.7M	148.7M	-3.7M	4.42	23.21	N/A	N/A	24,282	107,306	102,782	395,246
2022-01-18	$39.01	$35.00	20.4%	5.8%	15.9%	62.1%	20.9%	6.4%	-1.2%	-8.0M	147.0M	-3.7M	4.42	23.55	N/A	N/A	24,292	107,356	102,801	395,309
2022-01-19	$39.04	$35.00	20.2%	5.8%	13.9%	60.8%	21.0%	7.4%	-0.5%	-7.7M	146.3M	-3.6M	4.42	18.08	N/A	N/A	24,299	107,283	102,788	395,355
2022-01-20	$38.75	$35.00	20.2%	5.8%	12.9%	61.0%	23.5%	4.8%	-1.0%	-8.0M	145.2M	-3.5M	4.41	27.79	N/A	N/A	24,317	107,314	102,790	395,374
2022-01-21	$37.67	$36.00	21.6%	6.2%	16.2%	68.7%	24.6%	5.5%	-0.5%	-9.0M	245.8M	-3.7M	4.43	46.33	N/A	N/A	24,229	107,432	102,784	395,455
2022-01-24	$37.29	$37.00	26.2%	7.5%	16.0%	93.4%	30.8%	9.7%	-2.5%	-10.7M	317.1M	-3.6M	4.86	41.76	N/A	N/A	24,119	117,224	98,098	387,233
2022-01-25	$37.61	$38.00	24.7%	7.1%	16.0%	85.5%	26.3%	9.8%	-0.9%	-12.2M	274.1M	-3.5M	5.29	32.07	N/A	N/A	24,030	127,117	98,084	397,253
2022-01-26	$37.30	$38.00	30.0%	8.6%	16.2%	100.0%	25.7%	10.1%	-4.0%	-12.0M	298.9M	-4.0M	4.96	79.40	N/A	N/A	31,591	156,621	98,157	423,766
2022-01-27	$37.18	$38.00	29.8%	8.6%	16.2%	99.0%	27.3%	7.7%	-7.2%	-10.7M	289.9M	-3.8M	4.94	37.32	N/A	N/A	31,721	156,665	105,660	391,279
2022-01-28	$37.16	$38.00	25.8%	7.4%	16.2%	80.0%	23.6%	6.9%	-1.6%	-10.9M	285.5M	-3.2M	4.93	40.30	N/A	N/A	31,735	156,593	100,656	386,351
2022-01-31	$38.10	$38.00	21.8%	6.2%	18.6%	60.9%	19.1%	13.4%	-2.5%	-9.8M	222.4M	-3.0M	4.94	54.00	N/A	N/A	31,728	156,598	100,655	386,351