EWC Options History — September 2023

In September 2023, EWC traded between $33.34 and $35.22. ATM implied volatility averaged 15.1%, placing in the 7.1% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.2% (HV 20d: 13.9%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 10.32.

Notable Days

  • 2023-09-26: Highest Volume — 3,272 contracts
  • 2023-09-12: Largest IV spike — 59.7% change
  • 2023-09-12: Highest IV Rank — 19.1%
  • 2023-09-27: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.35$33.34$35.22$34.89$33.52
Max Pain$34.05$33.00$35.00$34.00$35.00
ATM IV15.1%12.0%20.4%12.0%16.3%
Expected Move4.3%3.4%5.4%3.4%4.7%
HV 20d13.9%11.9%15.1%13.4%14.7%
HV 60d14.6%14.2%14.9%14.2%14.3%
IV Rank7.1%0.0%19.1%0.0%9.8%
IV Percentile17.7%0.0%63.1%0.0%25.8%
Term Structure1.0%-0.6%2.0%2.0%0.6%
VWIV15.6%13.1%21.1%13.7%21.1%
Skew 25d3.5%1.7%5.2%1.7%4.4%
Skew 10d6.8%1.5%11.4%1.5%9.7%
Call IV 25d13.8%11.8%16.9%11.8%15.5%
Put IV 25d17.3%13.5%21.5%13.5%19.9%
Bid-Ask Spread %56.3818.9782.0942.8668.38
Gamma HHI0.210.170.270.200.19
Net GEX-8.8M-11.6M-4.4M-6.6M-10.5M
Net DEX108.3M48.9M173.4M60.0M169.5M
Net VEX-1.2M-1.3M-1.1M-1.2M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.320.0663.5819.5016.40
Total Volume508.7513,2724108
Total OI369,151.2354,831383,108382,908354,833

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$34.89$34.0012.0%3.4%13.4%0.0%13.7%1.7%2.0%-6.6M60.0M-1.2M19.5042.86N/AN/A2039058,197324,711
2023-09-05$34.66$33.0013.3%4.0%13.6%3.0%13.1%3.9%1.2%-8.5M85.0M-1.3M6.0018.97N/AN/A31858,197324,911
2023-09-06$34.27$33.0014.3%4.4%14.0%5.3%14.7%3.2%1.3%-9.5M93.9M-1.3M1.0059.53N/AN/A9958,200324,747
2023-09-07$34.03$33.0013.7%4.4%14.1%4.0%18.9%3.3%0.8%-10.8M118.5M-1.2M13.0064.68N/AN/A11358,200324,752
2023-09-08$34.02$33.0013.1%4.1%14.0%2.5%15.7%3.5%1.5%-11.6M135.0M-1.3M5.4841.61N/AN/A3117058,199324,764
2023-09-11$34.38$33.0012.8%4.3%14.6%1.8%14.9%3.4%1.1%-9.3M97.3M-1.2M2.0072.58N/AN/A4858,230324,764
2023-09-12$34.50$33.0020.4%4.3%14.5%19.1%13.7%3.4%1.2%-8.3M98.5M-1.3M8.3364.93N/AN/A32558,232324,765
2023-09-13$34.56$33.0013.2%3.8%11.9%2.8%0.0%2.9%1.6%-7.8M96.5M-1.2M2.5046.61N/AN/A82058,233324,774
2023-09-14$35.22$33.0013.3%3.8%13.4%3.1%13.3%2.6%1.5%-4.4M51.0M-1.1M0.2282.09N/AN/A1,00322358,240324,783
2023-09-15$35.17$33.0013.7%3.9%13.2%3.9%13.8%2.8%1.4%-6.2M48.9M-1.2M63.5830.39N/AN/A483,05257,243324,963
2023-09-18$35.16$35.0014.2%4.1%13.2%5.1%17.4%3.2%1.6%-7.1M66.9M-1.2M8.8750.21N/AN/A2320455,981299,201
2023-09-19$34.89$35.0013.9%4.0%13.6%4.3%15.0%3.4%1.2%-7.5M81.4M-1.1M0.9540.76N/AN/A201955,995299,292
2023-09-20$34.78$35.0013.7%3.9%13.2%4.0%13.8%3.1%1.1%-8.6M82.6M-1.1M0.0670.17N/AN/A16155,995299,293
2023-09-21$34.08$35.0016.5%4.7%14.8%10.3%16.2%4.1%0.1%-9.7M135.0M-1.2M14.3551.53N/AN/A2333055,997299,420
2023-09-22$34.00$35.0017.6%5.1%14.4%12.9%17.5%3.5%-0.6%-10.1M140.2M-1.2M1.1963.72N/AN/A364355,998299,722
2023-09-25$34.09$35.0016.8%4.8%14.5%11.0%0.0%4.4%0.2%-10.3M137.3M-1.2M5.2561.85N/AN/A42156,029299,739
2023-09-26$33.61$35.0018.6%5.3%15.1%15.0%13.4%4.7%-0.2%-9.6M156.5M-1.1M16.9857.14N/AN/A1823,09056,033299,752
2023-09-27$33.34$35.0018.8%5.4%14.0%15.5%19.0%4.1%0.5%-9.9M173.4M-1.2M16.4071.01N/AN/A631,03356,209299,599
2023-09-28$33.75$35.0016.1%4.6%14.6%9.3%0.0%5.2%0.9%-9.4M139.0M-1.2M0.0068.56N/AN/A0156,216298,615
2023-09-29$33.52$35.0016.3%4.7%14.7%9.8%21.1%4.4%0.6%-10.5M169.5M-1.2M0.0068.38N/AN/A0856,217298,616