EWC Options History — August 2023

In August 2023, EWC traded between $33.47 and $35.61. ATM implied volatility averaged 16.4%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 2.3% (HV 20d: 14.0%). Max pain ranged from $34.00 to $36.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 63.57.

Notable Days

  • 2023-08-11: Highest Volume — 6,017 contracts
  • 2023-08-03: Largest IV spike — 59.3% change
  • 2023-08-03: Highest IV Rank — 26.6%
  • 2023-08-22: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.38$33.47$35.61$35.61$34.72
Max Pain$34.17$34.00$36.00$36.00$34.00
ATM IV16.4%14.6%25.4%14.7%17.6%
Expected Move4.4%3.7%5.0%4.0%3.7%
HV 20d14.0%12.0%17.0%16.0%13.4%
HV 60d14.9%14.3%15.6%15.6%14.3%
IV Rank7.8%4.3%26.6%4.3%11.3%
IV Percentile20.8%8.7%79.8%10.7%33.3%
Term Structure0.2%-4.1%3.7%-0.7%1.1%
VWIV15.9%12.0%20.9%13.4%17.2%
Skew 25d3.1%-2.6%8.1%2.5%1.6%
Skew 10d6.7%-8.4%50.0%5.1%10.4%
Call IV 25d15.7%13.3%20.2%13.3%13.5%
Put IV 25d18.8%15.1%25.1%15.8%15.1%
Bid-Ask Spread %54.5732.9091.3834.9091.38
Gamma HHI0.160.140.190.190.18
Net GEX-10.0M-13.0M-6.6M-6.6M-7.7M
Net DEX103.4M25.7M163.0M25.7M73.4M
Net VEX-1.5M-1.7M-1.2M-1.4M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio63.570.00688.000.751.22
Total Volume637.957206,0173520
Total OI380,305.13375,001384,083375,001382,889

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$35.61$36.0014.7%4.0%16.0%4.3%13.4%2.5%-0.7%-6.6M25.7M-1.4M0.7534.90N/AN/A201556,218318,783
2023-08-02$34.91$36.0015.9%4.7%17.0%6.8%18.1%4.2%-1.3%-7.9M76.3M-1.5M59.3350.79N/AN/A1589056,226318,790
2023-08-03$34.70$34.0025.4%4.5%15.0%26.6%17.0%1.7%-1.1%-8.2M69.3M-1.4M1.5051.60N/AN/A101556,237319,572
2023-08-04$34.83$34.0015.3%4.6%14.7%5.4%15.8%4.2%1.4%-8.4M71.2M-1.6M0.0033.77N/AN/A74056,232319,585
2023-08-07$34.95$34.0017.9%4.5%14.7%11.0%15.8%4.4%-4.1%-8.1M41.7M-1.4M0.1349.49N/AN/A981356,206319,581
2023-08-08$34.72$34.0017.8%4.6%14.9%10.6%16.2%-2.6%-1.3%-11.0M107.3M-1.7M0.0137.67N/AN/A504356,304319,591
2023-08-09$34.84$34.0016.4%4.5%14.0%7.7%15.6%0.7%0.1%-10.1M96.0M-1.7M0.0250.94N/AN/A1,0202256,804319,593
2023-08-10$34.86$34.0015.3%4.4%12.3%5.5%0.0%3.3%-0.3%-7.5M59.0M-1.5M4.6552.81N/AN/A209357,804319,613
2023-08-11$34.97$34.0014.8%4.3%12.0%4.5%14.3%4.6%2.0%-7.7M71.4M-1.4M600.7044.52N/AN/A106,00757,804319,706
2023-08-14$34.75$34.0015.7%4.5%12.1%6.4%20.9%4.1%0.3%-8.1M73.7M-1.5M688.0054.14N/AN/A168857,717325,023
2023-08-15$33.97$34.0016.6%4.8%14.0%8.3%16.9%1.7%3.7%-9.2M89.8M-1.5M5.3768.07N/AN/A1910257,718324,829
2023-08-16$33.91$34.0016.5%4.7%13.6%8.1%16.5%3.3%0.0%-11.7M136.6M-1.6M3.2948.31N/AN/A175657,731324,855
2023-08-17$33.72$34.0016.8%4.8%13.6%8.6%17.6%4.0%-0.2%-11.2M145.5M-1.5M34.9066.78N/AN/A1034957,741324,858
2023-08-18$33.80$34.0016.6%4.8%13.6%8.2%16.6%5.8%1.5%-11.3M138.3M-1.5M9.4187.23N/AN/A1716057,747325,032
2023-08-21$33.75$34.0015.6%4.5%13.3%6.1%15.6%4.3%0.6%-12.1M151.1M-1.6M1.6465.03N/AN/A7501,23257,399324,775
2023-08-22$33.47$34.0017.4%5.0%13.4%10.0%12.0%3.8%0.1%-12.6M163.0M-1.6M1.0032.96N/AN/A15015058,147325,936
2023-08-23$33.89$34.0014.8%4.2%14.5%4.4%14.8%2.2%0.9%-11.5M128.9M-1.5M2.4332.90N/AN/A71758,100325,842
2023-08-24$33.59$34.0015.9%4.4%14.3%6.7%14.6%2.6%0.9%-12.4M157.5M-1.5M0.0352.02N/AN/A30158,111325,846
2023-08-25$33.66$34.0014.8%4.0%13.9%4.3%13.7%2.4%1.9%-13.0M162.0M-1.4M16.1364.94N/AN/A941,51658,121325,842
2023-08-28$33.91$34.0015.8%4.2%13.9%6.6%14.7%2.2%0.7%-11.3M137.0M-1.5M11.2244.42N/AN/A2325858,148324,362
2023-08-29$34.47$34.0014.7%4.1%15.0%4.3%16.8%1.9%1.3%-10.1M106.7M-1.5M3.7351.54N/AN/A155658,170324,586
2023-08-30$34.66$34.0014.6%4.7%13.6%4.4%17.2%8.1%-2.1%-11.1M96.6M-1.2M16.6789.00N/AN/A610058,185324,659
2023-08-31$34.72$34.0017.6%3.7%13.4%11.3%0.0%1.6%1.1%-7.7M73.4M-1.3M1.2291.38N/AN/A91158,188324,701