EWC Options History — January 2023

In January 2023, EWC traded between $32.53 and $35.73. ATM implied volatility averaged 19.7%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 0.6% (HV 20d: 19.0%). Max pain ranged from $33.00 to $38.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 363.13.

Notable Days

  • 2023-01-10: Highest Volume — 50,449 contracts
  • 2023-01-27: Largest IV spike — 31.5% change
  • 2023-01-27: Highest IV Rank — 21.0%
  • 2023-01-04: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.55$32.53$35.73$32.53$35.73
Max Pain$34.95$33.00$38.00$38.00$35.00
ATM IV19.7%17.2%23.5%21.5%21.3%
Expected Move5.6%5.0%6.4%6.3%5.9%
HV 20d19.0%15.4%21.8%18.7%15.4%
HV 60d21.7%20.7%23.3%23.0%20.9%
IV Rank13.0%7.5%21.0%18.8%16.2%
IV Percentile20.6%5.2%50.4%35.7%34.9%
Term Structure-1.1%-11.0%0.7%-0.1%-8.6%
VWIV20.2%16.3%23.2%23.2%22.4%
Skew 25d3.6%1.4%8.7%3.6%8.7%
Skew 10d7.0%4.2%13.5%6.7%13.5%
Call IV 25d18.6%15.6%21.7%20.1%20.3%
Put IV 25d22.2%19.2%29.1%23.8%29.1%
Bid-Ask Spread %35.446.7686.846.7668.44
Gamma HHI0.190.140.540.220.15
Net GEX-21.1M-64.9M-11.8M-17.3M-16.9M
Net DEX233.3M71.2M400.7M400.7M104.5M
Net VEX-3.6M-4.0M-2.7M-3.9M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio363.130.403602.501.33223.33
Total Volume9,1192650,449221673
Total OI687,049.15594,292747,665650,096663,745

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$32.53$38.0021.5%6.3%18.7%18.8%23.2%3.6%-0.1%-17.3M400.7M-3.9M1.336.76N/AN/A9512698,385551,711
2023-01-04$33.14$38.0021.9%6.4%19.0%19.6%16.6%3.2%-0.9%-15.6M353.2M-4.0M1013.3064.83N/AN/A4747,62598,461551,734
2023-01-05$32.88$33.0021.5%6.1%18.7%16.7%22.7%3.0%-0.7%-19.7M400.3M-4.0M1.9027.34N/AN/A101998,496591,879
2023-01-06$33.78$33.0020.3%5.9%21.2%14.1%20.9%3.5%-0.4%-17.2M318.5M-3.9M16.5057.80N/AN/A1652,72298,501591,895
2023-01-09$33.98$35.0020.9%6.0%21.3%15.5%21.1%3.3%0.2%-17.4M296.8M-3.8M21.2627.32N/AN/A541,14898,650593,512
2023-01-10$33.86$35.0020.3%5.8%21.3%14.1%20.3%2.9%-0.1%-18.0M317.7M-3.9M3602.508.64N/AN/A1450,43598,675594,187
2023-01-11$34.11$35.0020.4%5.9%21.5%14.3%21.2%3.1%0.3%-21.6M317.3M-3.9M99.5025.65N/AN/A219998,682644,139
2023-01-12$34.55$35.0018.2%5.2%21.8%9.7%20.2%2.6%-0.1%-21.0M264.9M-3.8M35.9214.80N/AN/A1243198,683644,248
2023-01-13$34.83$35.0017.2%5.0%21.7%7.5%21.5%3.0%0.4%-22.6M250.0M-3.8M33.4111.22N/AN/A1756898,651644,376
2023-01-17$34.97$35.0018.6%5.3%19.6%10.4%20.9%3.5%-0.7%-24.0M227.3M-3.6M45.5940.40N/AN/A291,32298,634646,588
2023-01-18$34.61$35.0018.5%5.3%19.8%10.2%19.9%2.9%-0.1%-23.0M259.9M-3.6M66.8017.34N/AN/A151,00298,638647,708
2023-01-19$34.64$35.0019.1%5.5%19.1%11.6%21.5%3.9%0.7%-25.3M278.2M-3.7M33.8048.05N/AN/A516998,636649,029
2023-01-20$35.05$34.0018.9%5.5%19.1%11.1%20.0%4.1%-0.2%-64.9M194.0M-3.4M148.1318.61N/AN/A324,74098,601648,884
2023-01-23$35.28$34.0018.3%5.4%18.9%9.7%21.0%3.1%-0.0%-11.8M97.8M-3.2M367.7621.29N/AN/A8230,15676,764517,528
2023-01-24$35.30$34.0017.7%5.2%17.6%8.6%18.7%2.8%-0.1%-16.0M125.2M-3.4M0.4044.54N/AN/A622576,842547,631
2023-01-25$35.22$35.0018.9%5.4%17.5%11.1%18.4%5.2%-0.7%-17.1M141.4M-3.4M1.8732.43N/AN/A234376,801547,630
2023-01-26$35.55$35.0017.9%5.2%17.5%8.9%17.5%1.4%-0.3%-17.0M122.8M-3.3M1542.2356.05N/AN/A2640,09876,809547,613
2023-01-27$35.69$35.0023.5%5.2%15.4%21.0%16.3%4.9%-11.0%-16.2M71.2M-2.7M0.7386.84N/AN/A151176,813587,610
2023-01-30$35.30$35.0019.0%5.8%15.7%11.3%19.5%3.7%0.0%-19.0M123.6M-3.3M6.4130.37N/AN/A2214176,834586,780
2023-01-31$35.73$35.0021.3%5.9%15.4%16.2%22.4%8.7%-8.6%-16.9M104.5M-3.1M223.3368.44N/AN/A367076,855586,890