EWC Options History — March 2022

In March 2022, EWC traded between $37.68 and $40.66. ATM implied volatility averaged 22.5%, placing in the 61.0% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 4.2% (HV 20d: 18.3%). Max pain ranged from $39.00 to $39.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 3.88.

Notable Days

2022-03-03: Highest Volume — 172,271 contracts
2022-03-17: Largest IV drop — 22.3% change
2022-03-07: Highest IV Rank — 100.0%
2022-03-07: Largest Expected Move — 9.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.23	$37.68	$40.66	$37.68	$40.42
Max Pain	$39.00	$39.00	$39.00	$39.00	$39.00
ATM IV	22.5%	15.1%	31.6%	27.4%	16.8%
Expected Move	6.7%	4.7%	9.1%	7.9%	5.3%
HV 20d	18.3%	15.9%	21.3%	15.9%	15.9%
HV 60d	17.6%	17.2%	18.6%	18.2%	17.4%
IV Rank	61.0%	27.3%	100.0%	87.6%	35.0%
IV Percentile	84.6%	52.8%	100.0%	98.8%	67.5%
Term Structure	0.0%	-3.5%	11.5%	-2.3%	1.3%
VWIV	24.5%	17.0%	38.9%	33.0%	18.6%
Skew 25d	6.5%	1.3%	14.2%	7.4%	1.3%
Skew 10d	12.9%	0.3%	21.9%	17.1%	0.3%
Call IV 25d	19.2%	14.4%	25.0%	24.1%	16.3%
Put IV 25d	25.7%	17.5%	33.3%	31.5%	17.5%
Bid-Ask Spread %	52.48	16.86	92.97	25.62	54.85
Gamma HHI	0.22	0.17	0.31	0.17	0.23
Net GEX	-6.4M	-9.8M	-1.5M	-9.8M	-1.5M
Net DEX	126.0M	21.0M	249.7M	249.7M	29.2M
Net VEX	-3.0M	-3.3M	-2.7M	-3.1M	-2.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.88	1.63	10.65	2.29	7.45
Total Volume	88,773.87	26,352	172,271	103,864	26,352
Total OI	459,637.957	410,142	486,498	477,317	429,146

Daily Data (23 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
2022-03-01	$37.68	$39.00	27.4%	7.9%	15.9%	87.6%	33.0%	7.4%	-2.3%	-9.8M	249.7M	-3.1M	2.29	25.62	N/A	N/A	31,526	72,338	100,587	376,730
2022-03-02	$38.60	$39.00	22.8%	6.5%	17.5%	65.8%	31.0%	7.6%	0.4%	-9.7M	186.7M	-2.9M	2.30	89.76	N/A	N/A	31,510	72,601	100,591	376,737
2022-03-03	$38.34	$39.00	26.4%	7.6%	17.5%	82.9%	23.6%	6.4%	-1.8%	-9.4M	205.1M	-3.2M	1.63	89.84	N/A	N/A	65,571	106,700	100,600	376,769
2022-03-04	$38.44	$39.00	29.2%	8.4%	16.7%	96.2%	26.0%	9.0%	-1.8%	-8.6M	186.6M	-3.2M	2.20	32.61	N/A	N/A	48,511	106,699	103,604	380,105
2022-03-07	$38.13	$39.00	31.6%	9.1%	16.8%	100.0%	30.9%	14.2%	-3.5%	-8.7M	191.6M	-3.2M	1.82	19.08	N/A	N/A	41,028	74,712	103,625	380,107
2022-03-08	$37.75	$39.00	28.2%	9.0%	17.1%	85.1%	38.9%	6.6%	-2.3%	-9.4M	219.3M	-3.2M	1.70	87.96	N/A	N/A	47,564	81,003	103,626	380,230
2022-03-09	$38.49	$39.00	27.9%	9.0%	18.5%	83.8%	30.3%	9.1%	-2.2%	-8.9M	184.2M	-3.1M	1.71	91.73	N/A	N/A	47,340	81,008	103,830	380,454
2022-03-10	$38.65	$39.00	25.3%	7.4%	18.1%	72.1%	30.0%	10.5%	-2.1%	-7.7M	171.5M	-3.3M	1.72	68.53	N/A	N/A	47,163	80,967	103,834	380,463
2022-03-11	$38.57	$39.00	24.9%	7.7%	18.0%	70.6%	30.0%	7.8%	-0.8%	-7.0M	177.4M	-3.3M	1.71	82.72	N/A	N/A	47,195	80,905	103,875	380,415
2022-03-14	$37.92	$39.00	27.4%	7.3%	18.9%	81.6%	25.4%	7.8%	-2.8%	-9.2M	239.7M	-3.2M	2.18	41.23	N/A	N/A	37,168	81,172	103,937	380,455
2022-03-15	$38.05	$39.00	25.0%	7.1%	18.9%	70.8%	24.2%	8.7%	-0.4%	-9.5M	230.5M	-3.1M	1.78	23.38	N/A	N/A	44,681	79,624	103,948	380,837
2022-03-16	$38.76	$39.00	26.0%	8.6%	20.0%	75.3%	29.1%	7.6%	11.5%	-9.7M	173.7M	-3.0M	2.65	92.97	N/A	N/A	29,878	79,221	95,987	380,636
2022-03-17	$39.56	$0.00	20.2%	6.6%	21.3%	49.8%	21.1%	7.9%	-0.3%	-7.6M	73.4M	-2.9M	2.65	68.06	N/A	N/A	29,950	79,219	96,194	380,648
2022-03-18	$39.84	$39.00	19.2%	5.6%	20.8%	45.5%	21.6%	6.6%	-0.0%	-6.7M	29.0M	-2.9M	2.37	27.38	N/A	N/A	26,198	62,200	101,040	385,458
2022-03-21	$40.09	$39.00	18.9%	5.6%	20.2%	43.9%	21.5%	4.9%	0.8%	-6.4M	81.0M	-2.9M	1.85	37.80	N/A	N/A	21,109	39,064	79,108	331,034
2022-03-22	$40.44	$39.00	18.1%	5.6%	19.8%	40.7%	17.0%	4.7%	1.4%	-4.6M	50.6M	-2.7M	2.79	47.46	N/A	N/A	13,638	38,003	84,220	332,143
2022-03-23	$40.16	$39.00	19.3%	5.5%	19.8%	45.8%	19.8%	4.1%	0.1%	-2.8M	57.4M	-3.0M	9.60	32.69	N/A	N/A	3,977	38,167	94,841	332,167
2022-03-24	$40.20	$39.00	18.1%	5.4%	19.6%	40.7%	19.0%	3.4%	0.8%	-2.8M	55.3M	-3.0M	10.65	43.34	N/A	N/A	3,585	38,183	95,878	332,342
2022-03-25	$40.52	$39.00	16.9%	5.0%	18.0%	35.2%	19.1%	5.0%	0.5%	-2.3M	28.1M	-2.9M	6.75	25.29	N/A	N/A	3,433	23,187	96,327	332,394
2022-03-28	$40.29	$39.00	17.3%	5.4%	18.2%	36.9%	19.1%	3.0%	1.4%	-2.2M	35.2M	-2.9M	7.39	55.32	N/A	N/A	3,145	23,227	96,391	332,406
2022-03-29	$40.66	$39.00	15.1%	4.7%	17.7%	27.3%	17.4%	3.6%	0.8%	-1.8M	22.3M	-2.9M	7.02	16.86	N/A	N/A	3,310	23,222	96,443	332,440
2022-03-30	$40.64	$39.00	15.6%	4.8%	16.0%	29.5%	18.0%	3.2%	1.3%	-1.6M	21.0M	-2.9M	7.00	52.53	N/A	N/A	3,318	23,227	96,632	332,439
2022-03-31	$40.42	$39.00	16.8%	5.3%	15.9%	35.0%	18.6%	1.3%	1.3%	-1.5M	29.2M	-2.8M	7.45	54.85	N/A	N/A	3,120	23,232	96,686	332,460