EWC Options History — December 2022

In December 2022, EWC traded between $32.14 and $35.39. ATM implied volatility averaged 21.6%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 1.6% (HV 20d: 20.0%). Max pain ranged from $38.00 to $40.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 221.24.

Notable Days

2022-12-12: Highest Volume — 99,874 contracts
2022-12-14: Largest IV spike — 110.8% change
2022-12-14: Highest IV Rank — 67.0%
2022-12-19: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.39	$32.14	$35.39	$35.39	$32.72
Max Pain	$38.19	$38.00	$40.00	$40.00	$38.00
ATM IV	21.6%	18.8%	44.6%	20.1%	21.9%
Expected Move	6.0%	5.3%	7.2%	7.0%	6.3%
HV 20d	20.0%	16.3%	26.0%	25.4%	18.7%
HV 60d	26.3%	23.7%	28.1%	28.1%	23.7%
IV Rank	19.0%	13.0%	67.0%	15.8%	19.6%
IV Percentile	33.0%	17.5%	98.8%	26.2%	38.9%
Term Structure	-0.3%	-8.5%	2.7%	0.2%	2.2%
VWIV	20.3%	12.3%	25.7%	25.7%	23.1%
Skew 25d	3.4%	-6.3%	16.7%	4.6%	1.8%
Skew 10d	7.2%	-1.8%	19.4%	10.6%	10.2%
Call IV 25d	20.9%	16.8%	50.5%	18.1%	21.6%
Put IV 25d	24.3%	18.2%	56.2%	22.7%	23.5%
Bid-Ask Spread %	58.71	21.33	90.81	79.17	55.44
Gamma HHI	0.24	0.15	0.45	0.43	0.19
Net GEX	-25.6M	-38.9M	-15.8M	-32.6M	-17.3M
Net DEX	585.1M	376.0M	809.0M	555.7M	404.4M
Net VEX	-4.1M	-4.7M	-3.6M	-4.4M	-4.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	221.24	0.67	2824.55	2.02	11.82
Total Volume	13,153.714	26	99,874	160	141
Total OI	941,060.714	647,775	1,218,609	1,153,728	650,415

Daily Data (21 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
2022-12-01	$35.39	$40.00	20.1%	7.0%	25.4%	15.8%	25.7%	4.6%	0.2%	-32.6M	555.7M	-4.4M	2.02	79.17	N/A	N/A	53	107	151,869	1,001,859
2022-12-02	$35.22	$40.00	19.5%	6.7%	25.3%	14.5%	23.7%	1.4%	-1.2%	-33.6M	574.9M	-4.4M	1.13	75.02	N/A	N/A	32	36	151,858	1,001,842
2022-12-05	$34.42	$38.00	19.6%	5.6%	25.5%	14.7%	21.6%	3.0%	0.6%	-31.6M	697.6M	-4.4M	2824.55	68.84	N/A	N/A	11	31,070	151,837	1,001,699
2022-12-06	$33.98	$38.00	20.2%	5.7%	26.0%	15.9%	20.0%	2.4%	0.3%	-30.3M	768.7M	-4.4M	48.32	66.01	N/A	N/A	25	1,208	151,843	1,032,702
2022-12-07	$33.91	$38.00	20.3%	6.0%	25.7%	16.2%	20.4%	2.7%	0.6%	-30.1M	785.9M	-4.5M	44.13	72.44	N/A	N/A	752	33,182	151,857	1,032,312
2022-12-08	$34.05	$38.00	18.8%	5.6%	23.9%	13.0%	19.2%	1.9%	2.7%	-34.6M	793.2M	-4.6M	1141.00	76.06	N/A	N/A	1	1,141	152,078	1,064,434
2022-12-09	$33.95	$38.00	20.6%	5.8%	17.0%	16.9%	20.0%	2.3%	0.5%	-32.6M	809.0M	-4.7M	0.93	66.79	N/A	N/A	881	822	153,078	1,065,531
2022-12-12	$33.98	$38.00	20.3%	5.9%	16.4%	16.3%	19.4%	1.4%	0.7%	-30.6M	780.3M	-4.5M	41.72	81.55	N/A	N/A	2,338	97,536	140,934	1,053,930
2022-12-13	$33.75	$38.00	21.1%	5.7%	16.3%	18.0%	22.0%	5.7%	-1.3%	-29.2M	681.6M	-3.8M	161.23	67.29	N/A	N/A	98	15,801	143,990	963,263
2022-12-14	$33.53	$38.00	44.6%	5.7%	16.3%	67.0%	19.2%	3.7%	-8.5%	-23.5M	679.9M	-3.9M	1.34	90.81	N/A	N/A	34,104	45,587	142,791	953,914
2022-12-15	$32.77	$38.00	21.2%	5.8%	17.9%	18.1%	19.6%	5.7%	-0.8%	-33.5M	683.1M	-3.7M	106.58	78.34	N/A	N/A	45	4,796	154,772	948,263
2022-12-16	$32.50	$38.00	21.2%	6.0%	18.0%	18.1%	19.8%	3.4%	-2.2%	-38.9M	694.4M	-4.2M	6.85	59.79	N/A	N/A	110	754	137,280	978,613
2022-12-19	$32.14	$38.00	23.0%	7.2%	18.1%	21.9%	12.3%	-6.3%	-1.6%	-22.8M	542.3M	-3.6M	6.34	34.75	N/A	N/A	44	279	98,694	575,835
2022-12-20	$32.50	$38.00	20.2%	5.8%	18.8%	16.0%	19.8%	3.7%	0.1%	-17.4M	437.0M	-4.0M	0.67	21.33	N/A	N/A	42	28	98,700	557,098
2022-12-21	$32.86	$38.00	18.8%	5.4%	17.7%	13.0%	24.5%	3.1%	0.3%	-15.8M	415.4M	-4.0M	66.50	33.21	N/A	N/A	2	133	98,722	557,112
2022-12-22	$32.36	$38.00	20.4%	5.8%	18.0%	16.3%	16.2%	4.1%	-0.4%	-17.5M	432.4M	-4.0M	7.67	44.83	N/A	N/A	3	23	98,722	549,053
2022-12-23	$32.78	$38.00	18.9%	5.3%	18.6%	13.4%	20.0%	3.7%	0.5%	-16.0M	387.5M	-3.8M	1.48	26.03	N/A	N/A	23	34	98,723	549,052
2022-12-27	$33.06	$38.00	20.4%	5.8%	18.2%	16.4%	17.1%	2.8%	-0.5%	-15.8M	379.8M	-3.9M	85.92	21.92	N/A	N/A	25	2,148	98,735	549,047
2022-12-28	$32.44	$38.00	21.9%	6.2%	19.1%	19.6%	17.8%	2.9%	0.4%	-16.4M	407.2M	-3.9M	74.50	46.93	N/A	N/A	2	149	98,754	551,206
2022-12-29	$32.97	$38.00	21.1%	6.3%	19.0%	17.8%	24.8%	16.7%	1.0%	-16.8M	376.0M	-4.0M	11.38	66.26	N/A	N/A	215	2,447	98,752	551,106
2022-12-30	$32.72	$38.00	21.9%	6.3%	18.7%	19.6%	23.1%	1.8%	2.2%	-17.3M	404.4M	-4.0M	11.82	55.44	N/A	N/A	11	130	98,702	551,713