EWC Options History — May 2023

In May 2023, EWC traded between $33.30 and $35.55. ATM implied volatility averaged 17.7%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 1.5% (HV 20d: 16.1%). Max pain ranged from $34.00 to $35.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 137.23.

Notable Days

  • 2023-05-09: Highest Volume — 120,120 contracts
  • 2023-05-04: Largest IV spike — 31.6% change
  • 2023-05-04: Highest IV Rank — 19.2%
  • 2023-05-04: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.63$33.30$35.55$35.19$33.30
Max Pain$34.14$34.00$35.00$35.00$34.00
ATM IV17.7%15.9%23.4%15.9%16.3%
Expected Move5.1%4.5%5.8%4.8%5.1%
HV 20d16.1%13.2%17.8%13.3%16.3%
HV 60d15.9%14.8%16.5%14.8%16.4%
IV Rank6.6%2.6%19.2%2.6%3.6%
IV Percentile10.4%0.4%57.1%0.4%1.6%
Term Structure2.4%-1.7%36.6%1.3%0.2%
VWIV18.8%16.3%22.2%18.6%18.5%
Skew 25d5.1%1.7%11.9%2.1%4.0%
Skew 10d9.0%-2.7%19.9%4.3%6.1%
Call IV 25d15.9%13.3%20.2%17.2%15.4%
Put IV 25d21.0%18.9%27.9%19.3%19.4%
Bid-Ask Spread %66.6428.60101.9438.3250.09
Gamma HHI0.250.140.410.150.41
Net GEX-18.7M-27.5M-8.3M-10.8M-26.7M
Net DEX162.3M62.4M281.7M90.1M281.7M
Net VEX-2.4M-2.7M-1.8M-2.3M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio137.230.001184.781.400.86
Total Volume15,455.4555120,1201267
Total OI486,655.773449,328507,745457,461501,300

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$35.19$35.0015.9%4.8%13.3%2.6%0.0%2.1%1.3%-10.8M90.1M-2.3M1.4038.32N/AN/A5759,539397,922
2023-05-02$34.58$35.0018.2%5.2%13.3%7.7%18.6%6.2%0.4%-13.8M143.4M-2.5M0.0177.49N/AN/A1,0521059,544397,928
2023-05-03$34.50$35.0017.8%5.4%13.2%6.8%17.3%1.7%2.4%-10.6M62.4M-1.8M1.3072.56N/AN/A101360,580397,933
2023-05-04$34.50$34.0023.4%5.8%13.2%19.2%20.6%4.8%36.6%-13.2M150.9M-2.6M1.3063.55N/AN/A1,0011,30160,590397,947
2023-05-05$35.47$34.0020.5%5.2%16.4%12.6%21.4%10.0%2.0%-9.8M96.6M-2.5M501.3567.87N/AN/A4020,05461,591397,742
2023-05-08$35.55$34.0017.8%5.0%16.4%6.7%18.1%4.0%-0.5%-8.3M70.8M-2.2M21.2828.60N/AN/A1838361,599387,729
2023-05-09$35.50$34.0018.6%5.5%16.0%8.5%22.2%4.6%1.1%-9.7M73.7M-2.2M0.0036.18N/AN/A0120,12061,606388,010
2023-05-10$35.39$34.0017.4%5.3%16.1%5.8%18.2%5.0%1.1%-14.6M111.3M-2.3M53.0050.03N/AN/A15361,606425,844
2023-05-11$34.92$34.0017.7%5.0%16.0%6.5%16.3%4.5%-0.2%-18.4M150.2M-2.4M303.7951.46N/AN/A6620,05061,607425,847
2023-05-12$34.77$34.0016.8%4.8%16.1%4.5%19.6%5.0%0.1%-22.5M172.5M-2.5M1.1679.57N/AN/A8610061,658445,897
2023-05-15$35.20$34.0017.7%5.0%16.7%6.5%0.0%5.2%0.4%-18.8M147.6M-2.6M0.0052.63N/AN/A106061,630445,881
2023-05-16$34.72$34.0017.3%4.8%17.3%5.7%0.0%4.3%0.8%-22.4M170.7M-2.7M0.91101.94N/AN/A11510561,736445,881
2023-05-17$34.84$34.0016.6%4.8%17.3%4.3%18.4%3.9%-1.7%-20.6M166.8M-2.6M1184.7874.67N/AN/A7690,04361,762445,881
2023-05-18$34.72$34.0016.9%4.5%17.3%4.8%17.3%3.3%4.0%-24.6M160.6M-2.4M0.2568.53N/AN/A4161,833445,911
2023-05-19$34.78$34.0016.5%4.6%17.3%4.0%18.4%4.4%-0.7%-20.5M149.5M-2.4M0.0067.84N/AN/A040661,834445,911
2023-05-22$34.83$34.0016.4%4.7%17.3%3.7%18.8%9.2%1.0%-20.9M160.0M-2.5M3.7084.51N/AN/A103761,710435,538
2023-05-23$34.48$34.0016.8%5.1%16.6%4.5%17.9%4.0%0.7%-22.1M193.9M-2.5M0.1151.23N/AN/A1111261,718435,550
2023-05-24$33.84$34.0018.8%5.7%17.8%9.0%20.0%5.1%-0.0%-26.0M258.0M-2.7M49.5882.01N/AN/A432,13261,626435,551
2023-05-25$33.53$34.0018.7%5.6%17.1%8.8%18.8%11.9%4.7%-27.5M274.1M-2.3M481.3589.59N/AN/A16981,34861,666437,578
2023-05-26$33.81$34.0016.5%5.0%17.0%4.0%17.8%4.5%0.5%-25.0M237.5M-2.5M137.8392.15N/AN/A682761,691440,235
2023-05-30$33.55$34.0016.8%5.3%17.1%4.6%0.0%3.7%-0.7%-25.1M248.1M-2.4M0.6885.32N/AN/A191361,680439,605
2023-05-31$33.30$34.0016.3%5.1%16.3%3.6%18.5%4.0%0.2%-26.7M281.7M-2.4M0.8650.09N/AN/A363161,699439,601