EWC Options History — May 2022

In May 2022, EWC traded between $34.78 and $38.24. ATM implied volatility averaged 25.1%, placing in the 71.4% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 2.5% (HV 20d: 27.7%). Max pain ranged from $39.00 to $49.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 15.73.

Notable Days

  • 2022-05-17: Highest Volume — 283,201 contracts
  • 2022-05-05: Largest IV spike — 23.3% change
  • 2022-05-09: Highest IV Rank — 93.4%
  • 2022-05-09: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.52$34.78$38.24$36.90$37.87
Max Pain$40.43$39.00$49.00$49.00$39.00
ATM IV25.1%20.5%30.1%25.9%22.5%
Expected Move7.1%5.9%8.2%7.4%6.4%
HV 20d27.7%20.2%31.2%20.2%28.8%
HV 60d21.5%18.0%23.1%18.0%22.5%
IV Rank71.4%51.0%93.4%74.7%59.9%
IV Percentile89.8%74.2%99.6%94.4%81.3%
Term Structure-1.1%-2.4%1.4%-1.1%-1.8%
VWIV24.8%21.0%27.7%25.9%23.6%
Skew 25d7.0%4.3%9.3%7.4%5.3%
Skew 10d14.4%10.0%21.4%10.1%15.1%
Call IV 25d21.9%17.0%25.1%22.8%20.9%
Put IV 25d29.0%24.7%33.2%30.2%26.3%
Bid-Ask Spread %51.0420.0777.9759.9977.97
Gamma HHI0.270.210.400.340.24
Net GEX-17.0M-22.9M-7.9M-8.2M-21.4M
Net DEX519.0M221.3M722.3M296.8M520.8M
Net VEX-5.9M-8.1M-2.9M-2.9M-8.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio15.732.6338.956.8827.05
Total Volume112,423.52447,309283,20167,29747,372
Total OI734,231.857473,023951,634473,049951,626

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$36.90$49.0025.9%7.4%20.2%74.7%25.9%7.4%-1.1%-8.2M296.8M-2.9M6.8859.99N/AN/A8,54158,75699,191373,858
2022-05-03$37.42$49.0024.2%6.9%20.5%67.5%25.2%6.3%0.7%-8.1M271.2M-3.1M2.6360.91N/AN/A18,54148,76899,117373,906
2022-05-04$38.24$49.0021.0%6.0%22.4%53.1%22.5%7.7%1.4%-8.1M221.3M-3.0M2.6362.63N/AN/A18,53048,782101,090375,929
2022-05-05$37.01$39.0025.8%7.2%24.7%74.6%23.9%4.3%0.8%-7.9M273.6M-3.1M2.6439.99N/AN/A18,45948,783101,076376,000
2022-05-06$36.81$39.0024.9%6.9%24.7%70.5%21.0%6.6%-0.3%-8.6M320.2M-3.3M4.2768.36N/AN/A18,45378,827101,066376,050
2022-05-09$35.45$39.0030.1%8.2%27.2%93.4%27.7%7.2%-1.7%-9.5M373.2M-3.1M8.4068.16N/AN/A8,59172,14695,055390,144
2022-05-10$35.14$39.0029.4%8.0%27.2%90.4%26.7%7.5%-1.7%-11.2M424.4M-3.3M23.9824.40N/AN/A8,506203,94295,097412,631
2022-05-11$35.17$39.0027.8%8.0%27.3%83.3%25.8%7.2%-2.3%-13.9M512.5M-4.7M13.6021.39N/AN/A8,518115,85895,100511,636
2022-05-12$34.78$39.0027.7%8.0%26.6%82.9%27.3%9.3%-2.3%-16.1M598.7M-5.4M11.1422.84N/AN/A8,60495,87895,103586,683
2022-05-13$35.88$39.0024.9%7.1%29.8%70.6%26.4%8.0%-1.2%-18.8M577.6M-5.7M29.5225.52N/AN/A8,494250,75395,044626,121
2022-05-16$36.21$39.0026.1%7.5%30.2%75.6%26.9%7.6%-2.4%-20.2M663.1M-7.4M29.9369.60N/AN/A8,515254,82595,045761,183
2022-05-17$36.76$39.0022.9%6.6%30.7%61.8%23.9%8.2%-0.4%-22.5M654.7M-7.5M32.4543.70N/AN/A8,467274,73495,050787,271
2022-05-18$35.89$39.0026.5%7.6%31.0%77.4%25.5%7.0%-2.2%-22.7M721.4M-7.6M9.1320.07N/AN/A8,62078,68295,050787,355
2022-05-19$36.44$39.0026.0%7.4%31.2%75.2%25.0%7.0%-1.8%-22.7M712.9M-7.9M8.1268.84N/AN/A9,68978,691115,126807,476
2022-05-20$36.15$39.0024.9%7.1%29.9%70.5%22.8%7.3%-0.6%-22.9M722.3M-7.8M6.2071.10N/AN/A12,71578,817116,410807,537
2022-05-23$36.82$39.0024.9%7.1%30.7%70.6%25.7%7.3%-2.2%-22.7M609.1M-7.8M38.9526.34N/AN/A1,81670,72798,753792,572
2022-05-24$36.56$39.0023.9%6.8%29.7%66.0%25.2%6.9%-0.6%-22.8M622.0M-7.6M3.1150.55N/AN/A23,64073,43998,654792,597
2022-05-25$36.68$39.0024.1%6.9%29.8%67.1%24.2%7.1%-1.7%-22.8M624.9M-7.7M5.2438.65N/AN/A11,64061,040119,654814,370
2022-05-26$37.07$39.0023.3%6.7%29.2%63.5%22.6%6.7%-1.4%-22.8M631.8M-8.1M36.4377.76N/AN/A1,66860,758127,212824,397
2022-05-27$37.63$39.0020.5%5.9%29.0%51.0%23.6%6.0%0.1%-22.5M547.2M-7.8M28.1072.98N/AN/A1,62645,683127,191824,443
2022-05-31$37.87$39.0022.5%6.4%28.8%59.9%23.6%5.3%-1.8%-21.4M520.8M-8.0M27.0577.97N/AN/A1,68945,683127,180824,446