EWC Options History — February 2022

In February 2022, EWC traded between $37.15 and $39.16. ATM implied volatility averaged 20.7%, placing in the 55.8% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 2.7% (HV 20d: 17.9%). Max pain ranged from $38.00 to $39.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 4.44.

Notable Days

  • 2022-02-11: Highest Volume — 188,586 contracts
  • 2022-02-02: Largest IV spike — 34.1% change
  • 2022-02-23: Highest IV Rank — 80.7%
  • 2022-02-23: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.35$37.15$39.16$38.61$38.05
Max Pain$38.89$38.00$39.00$38.00$39.00
ATM IV20.7%13.7%25.9%13.7%25.2%
Expected Move5.9%3.9%7.4%3.9%7.2%
HV 20d17.9%15.4%19.3%19.2%17.9%
HV 60d18.4%18.1%18.7%18.3%18.2%
IV Rank55.8%22.9%80.7%22.9%77.2%
IV Percentile86.2%31.0%98.0%31.0%97.2%
Term Structure1.8%-3.3%15.3%4.7%-1.2%
VWIV26.5%12.5%38.3%12.5%27.5%
Skew 25d7.4%2.3%12.3%12.3%7.4%
Skew 10d13.5%2.0%24.5%4.4%24.5%
Call IV 25d18.3%11.6%23.0%11.6%23.0%
Put IV 25d25.7%20.3%30.4%23.8%30.4%
Bid-Ask Spread %62.6912.6396.6454.3087.55
Gamma HHI0.180.140.210.160.20
Net GEX-9.3M-11.7M-7.4M-11.7M-9.5M
Net DEX193.5M109.4M321.3M182.5M216.0M
Net VEX-3.1M-3.7M-2.8M-3.0M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.442.294.974.942.29
Total Volume171,849.895103,901188,586188,319103,901
Total OI484,681.105477,064487,695487,020477,237

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$38.61$38.0013.7%3.9%19.2%22.9%12.5%12.3%4.7%-11.7M182.5M-3.0M4.9454.30N/AN/A31,721156,598100,663386,357
2022-02-02$38.85$38.0018.4%5.3%19.2%45.0%18.3%2.3%-0.1%-9.1M141.4M-3.1M4.9596.64N/AN/A31,661156,676100,662386,357
2022-02-03$38.26$39.0022.2%6.2%19.3%62.8%29.0%6.7%0.3%-10.1M229.3M-3.7M4.9482.48N/AN/A31,698156,712100,671386,446
2022-02-04$38.42$39.0020.5%5.9%19.3%55.2%26.3%8.5%1.0%-9.8M198.7M-3.3M4.9534.55N/AN/A31,671156,716100,694386,467
2022-02-07$38.51$39.0018.2%5.4%19.1%44.3%24.3%7.9%1.7%-8.9M202.7M-3.6M4.9513.57N/AN/A31,670156,731100,704386,504
2022-02-08$38.74$39.0017.3%5.2%19.1%39.8%26.1%8.2%1.4%-8.5M153.9M-3.1M4.9712.63N/AN/A31,551156,935100,703386,530
2022-02-09$39.16$39.0018.3%5.3%18.3%44.7%27.2%6.5%0.7%-8.3M109.4M-2.9M4.9728.69N/AN/A31,554156,893100,697386,738
2022-02-10$38.91$39.0018.3%5.2%17.9%44.4%27.9%5.5%2.5%-7.4M126.8M-3.2M4.9766.11N/AN/A31,569156,890100,701386,734
2022-02-11$38.82$39.0020.7%5.9%17.9%56.1%22.0%5.6%1.5%-10.1M149.4M-3.2M4.9757.79N/AN/A31,565157,021100,707386,735
2022-02-14$38.57$39.0022.2%6.4%18.0%63.1%28.6%7.8%0.6%-9.5M181.7M-3.2M4.9762.64N/AN/A31,564156,834100,699386,853
2022-02-15$38.72$39.0020.2%5.8%18.1%53.8%27.7%7.0%8.2%-8.3M155.2M-3.1M4.9746.34N/AN/A31,531156,803100,706386,886
2022-02-16$38.80$39.0018.4%5.3%18.1%44.9%26.4%7.1%15.3%-7.4M132.9M-2.9M4.9790.64N/AN/A31,536156,847100,706386,896
2022-02-17$38.35$39.0023.1%6.6%18.4%67.1%30.1%7.4%-2.3%-9.8M193.3M-3.1M4.9793.36N/AN/A31,526156,806100,713386,982
2022-02-18$37.87$39.0022.3%6.4%15.9%63.5%25.5%7.9%-3.3%-8.3M204.7M-2.8M3.9178.45N/AN/A31,569123,389100,712386,965
2022-02-22$37.53$39.0022.1%6.3%15.8%62.8%38.3%8.0%1.4%-10.6M249.8M-2.9M3.6081.88N/AN/A31,501113,321100,437376,627
2022-02-23$37.31$39.0025.9%7.4%15.6%80.7%28.0%6.9%1.7%-9.7M281.9M-3.1M3.3631.29N/AN/A31,529105,831100,450376,650
2022-02-24$37.15$39.0023.7%6.8%15.4%70.0%34.7%9.6%0.7%-11.0M321.3M-3.0M3.3686.13N/AN/A31,494105,841100,471376,708
2022-02-25$38.11$39.0021.9%6.3%17.9%61.7%22.6%7.5%-1.2%-9.8M245.5M-3.2M3.3586.07N/AN/A31,625105,868100,483376,690
2022-02-28$38.05$39.0025.2%7.2%17.9%77.2%27.5%7.4%-1.2%-9.5M216.0M-2.8M2.2987.55N/AN/A31,53972,362100,566376,671