EWC Options History — December 2023

In December 2023, EWC traded between $34.88 and $36.84. ATM implied volatility averaged 15.3%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.1% (HV 20d: 14.1%). Max pain ranged from $33.00 to $38.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 230.64.

Notable Days

  • 2023-12-21: Highest Volume — 28,125 contracts
  • 2023-12-08: Largest IV drop — 16.3% change
  • 2023-12-07: Highest IV Rank — 18.8%
  • 2023-12-07: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.85$34.88$36.84$35.45$36.70
Max Pain$35.30$33.00$38.00$33.00$36.00
ATM IV15.3%13.5%18.1%15.6%14.0%
Expected Move4.3%3.9%4.9%4.5%4.0%
HV 20d14.1%11.7%17.1%13.5%17.0%
HV 60d17.2%16.7%17.9%17.2%16.7%
IV Rank11.3%4.8%18.8%11.0%8.0%
IV Percentile24.3%3.6%57.5%26.2%8.3%
Term Structure1.8%-0.2%4.7%-0.2%1.0%
VWIV15.7%13.1%21.0%15.9%14.1%
Skew 25d2.0%0.2%4.3%1.3%1.4%
Skew 10d4.8%0.8%19.7%1.1%2.1%
Call IV 25d14.5%13.4%16.1%15.3%14.1%
Put IV 25d16.5%14.3%20.4%16.6%15.4%
Bid-Ask Spread %73.4815.49102.4469.4923.85
Gamma HHI0.370.260.570.350.37
Net GEX-7.6M-13.1M241.3K-8.7M-215.9K
Net DEX-7.4M-90.9M50.3M6.2M-31.9M
Net VEX-383.0K-537.2K-210.9K-537.2K-281.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio230.640.004016.861.940.00
Total Volume3,005.15228,1252261,836
Total OI342,819.55330,082347,176346,055338,134

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$35.45$33.0015.6%4.5%13.5%11.0%15.9%1.3%-0.2%-8.7M6.2M-537.2K1.9469.49N/AN/A7714959,472286,583
2023-12-04$35.30$35.0016.6%4.5%12.8%14.3%16.8%3.4%1.1%-9.1M19.0M-520.4K1.0088.29N/AN/A4459,489286,504
2023-12-05$35.16$35.0016.5%4.5%12.5%13.9%14.0%2.7%2.6%-10.0M29.0M-519.6K4.6490.36N/AN/A2210259,493286,507
2023-12-06$34.98$35.0017.9%4.9%11.9%18.3%21.0%4.3%1.1%-9.6M50.3M-523.3K10.3390.27N/AN/A33159,512286,507
2023-12-07$34.92$35.0018.1%4.9%11.7%18.8%18.8%3.4%2.9%-10.0M48.7M-517.6K0.0091.93N/AN/A02159,517286,500
2023-12-08$35.09$35.0015.1%4.0%11.8%9.7%17.2%4.2%4.7%-12.3M33.1M-468.2K0.7585.01N/AN/A8659,517286,501
2023-12-11$35.09$35.0017.2%4.2%11.8%15.9%15.0%2.7%3.3%-13.1M26.8M-431.6K0.4794.75N/AN/A1044959,524286,505
2023-12-12$34.88$35.0014.8%4.4%12.1%8.7%17.6%2.4%0.8%-13.0M48.2M-447.8K1.2995.66N/AN/A8410859,625286,503
2023-12-13$35.72$35.0013.8%4.0%12.3%5.6%16.7%1.5%3.1%-12.3M-34.0M-343.3K0.0093.76N/AN/A0259,708286,525
2023-12-14$36.30$35.0014.8%4.2%13.2%8.6%14.2%1.1%1.2%-8.2M-79.1M-210.9K0.1947.36N/AN/A4137759,709286,525
2023-12-15$35.95$35.0013.5%3.9%13.7%4.8%13.1%0.8%3.3%-10.9M-60.4M-264.9K0.00102.44N/AN/A6,6281360,209286,569
2023-12-18$36.09$35.0014.2%4.1%13.4%9.1%14.2%0.3%1.7%-9.5M-83.0M-221.6K1.6987.78N/AN/A7212264,997282,179
2023-12-19$36.61$35.0014.4%4.1%14.0%9.6%14.0%0.2%2.1%-4.2M-90.9M-238.1K19.1773.40N/AN/A52410,04762,548282,295
2023-12-20$35.78$38.0014.4%4.1%16.6%9.8%15.8%1.8%2.5%-9.7M38.3M-393.5K1.0794.07N/AN/A9810542,597292,341
2023-12-21$36.14$35.0016.1%4.6%16.8%16.2%16.7%1.8%0.1%-5.3M1.9M-383.3K4016.8679.73N/AN/A728,11842,670287,412
2023-12-22$36.44$36.0015.5%4.4%16.9%14.1%15.9%1.0%0.5%-4.4M-5.2M-374.0K89.8379.02N/AN/A121,07842,674295,478
2023-12-26$36.81$36.0014.6%4.2%16.9%10.7%14.2%2.1%1.0%-283.3K-18.4M-340.4K0.0747.80N/AN/A2,46417142,671295,926
2023-12-27$36.84$36.0014.2%4.1%16.9%9.1%13.8%2.2%1.3%241.3K-21.3M-322.5K0.0019.20N/AN/A2,1131042,599296,075
2023-12-28$36.72$36.0014.4%4.1%17.1%9.7%15.2%1.5%1.1%-1.6M-24.3M-319.9K2.1315.49N/AN/A1,7313,69042,216296,075
2023-12-29$36.70$36.0014.0%4.0%17.0%8.0%14.1%1.4%1.0%-215.9K-31.9M-281.2K0.0023.85N/AN/A1,833341,965296,169