EWC Options History — March 2023

In March 2023, EWC traded between $32.23 and $34.78. ATM implied volatility averaged 20.8%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 5.1% (HV 20d: 15.6%). Max pain ranged from $34.00 to $34.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 67.24.

Notable Days

  • 2023-03-10: Highest Volume — 65,275 contracts
  • 2023-03-03: Largest IV drop — 18.2% change
  • 2023-03-15: Highest IV Rank — 23.1%
  • 2023-03-15: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.33$32.23$34.78$34.22$34.11
Max Pain$34.00$34.00$34.00$34.00$34.00
ATM IV20.8%17.6%24.8%20.4%18.6%
Expected Move5.8%4.8%6.9%5.8%5.3%
HV 20d15.6%11.4%18.6%11.5%18.3%
HV 60d16.3%15.4%16.9%16.3%15.4%
IV Rank14.4%7.6%23.1%13.7%9.8%
IV Percentile33.2%7.1%63.5%31.0%12.3%
Term Structure-0.1%-1.7%1.5%-0.3%1.5%
VWIV20.4%16.5%27.6%18.0%20.3%
Skew 25d4.8%0.9%17.4%4.8%2.8%
Skew 10d6.6%-50.5%15.9%11.7%13.1%
Call IV 25d19.5%16.8%25.1%19.5%18.0%
Put IV 25d24.3%19.6%35.3%24.3%20.9%
Bid-Ask Spread %57.8029.1777.6850.4445.06
Gamma HHI0.160.130.250.190.14
Net GEX-22.2M-35.6M-13.6M-18.8M-17.9M
Net DEX284.2M133.5M433.6M205.8M209.7M
Net VEX-3.2M-3.5M-3.0M-3.2M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio67.240.03359.6024.601.95
Total Volume6,216.5221565,27512865
Total OI587,394.391480,796675,645662,010492,911

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$34.22$34.0020.4%5.8%11.5%13.7%18.0%4.8%-0.3%-18.8M205.8M-3.2M24.6050.44N/AN/A512382,156579,854
2023-03-02$34.38$34.0021.5%5.3%11.4%16.1%19.8%17.4%-1.7%-17.4M223.5M-3.5M34.5077.68N/AN/A26982,157579,971
2023-03-03$34.78$34.0017.6%4.8%12.3%7.6%18.8%3.6%0.2%-15.2M133.5M-3.0M12.5071.70N/AN/A1,21815,22282,157579,904
2023-03-06$34.64$34.0018.2%5.1%12.2%8.9%16.5%2.8%-0.1%-13.6M142.6M-3.0M359.6059.42N/AN/A155,39482,114578,929
2023-03-07$33.95$34.0018.3%5.4%13.8%9.1%18.8%3.4%0.3%-24.2M229.9M-3.0M1.0056.77N/AN/A5,0425,02881,991582,028
2023-03-08$33.92$34.0018.4%5.3%13.3%9.3%17.5%3.3%-0.4%-21.5M228.9M-3.1M0.0358.60N/AN/A7481982,025575,403
2023-03-09$33.39$34.0021.2%6.1%14.1%15.3%20.5%3.7%-0.0%-28.7M297.1M-3.2M24.6666.38N/AN/A1283,15782,765575,421
2023-03-10$32.81$34.0022.8%6.4%15.0%18.8%23.9%5.2%-0.9%-33.5M392.3M-3.4M338.9776.84N/AN/A19265,08382,771578,381
2023-03-13$32.78$34.0023.9%6.5%14.1%21.2%27.6%4.6%-1.2%-33.0M384.7M-3.4M82.0073.81N/AN/A826,72482,922592,723
2023-03-14$32.95$34.0022.6%6.3%14.1%18.4%20.2%4.8%-0.9%-28.0M359.8M-3.3M2.7560.14N/AN/A41178,023592,941
2023-03-15$32.23$34.0024.8%6.9%15.3%23.1%25.2%6.2%-0.5%-35.6M433.6M-3.3M8.8760.43N/AN/A9483478,024590,925
2023-03-16$32.72$34.0021.6%5.8%16.9%16.1%23.3%4.8%-1.7%-22.5M373.9M-3.2M2.3761.26N/AN/A6816178,038590,688
2023-03-17$32.41$34.0023.2%6.8%16.9%19.7%25.5%5.4%0.5%-19.6M356.9M-3.3M279.7651.37N/AN/A5515,38778,104575,676
2023-03-20$32.80$34.0021.1%6.0%17.8%15.1%20.0%5.4%-0.1%-20.4M305.6M-3.2M0.6731.07N/AN/A1198060,077420,719
2023-03-21$33.00$34.0020.0%5.7%17.5%12.8%18.0%4.7%0.1%-20.5M291.2M-3.2M0.1129.17N/AN/A1,68718760,174420,763
2023-03-22$32.88$34.0020.0%5.7%17.4%12.8%21.0%3.9%-0.6%-18.5M269.3M-3.2M0.1262.10N/AN/A1471861,737420,817
2023-03-23$32.59$34.0022.1%6.3%17.4%17.4%18.7%6.5%-0.2%-20.6M323.4M-3.2M162.2442.80N/AN/A6310,22161,818420,831
2023-03-24$32.55$34.0022.0%6.3%17.3%17.1%21.1%6.7%0.4%-22.2M322.4M-3.2M5.2976.89N/AN/A2111161,821430,947
2023-03-27$32.98$34.0020.2%5.8%17.9%13.2%17.8%1.1%0.3%-21.3M306.7M-3.4M9.7168.61N/AN/A2120461,753430,916
2023-03-28$33.17$34.0020.5%5.9%18.0%13.9%0.0%4.4%1.0%-21.0M272.7M-3.2M20.3339.75N/AN/A36161,760431,120
2023-03-29$33.55$34.0019.2%5.5%18.4%10.9%16.9%0.9%0.7%-19.2M252.8M-3.2M172.5574.68N/AN/A295,00461,763431,130
2023-03-30$33.84$34.0018.8%5.2%18.6%10.2%20.3%3.0%0.7%-17.7M221.5M-3.1M1.9634.29N/AN/A254961,791431,132
2023-03-31$34.11$34.0018.6%5.3%18.3%9.8%20.3%2.8%1.5%-17.9M209.7M-3.1M1.9545.06N/AN/A224361,811431,100