EWC Options History — January 2024

In January 2024, EWC traded between $35.47 and $36.81. ATM implied volatility averaged 15.4%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 1.3% (HV 20d: 14.1%). Max pain ranged from $35.00 to $36.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 11.37.

Notable Days

  • 2024-01-19: Highest Volume — 4,221 contracts
  • 2024-01-18: Largest IV drop — 11.8% change
  • 2024-01-17: Highest IV Rank — 23.7%
  • 2024-01-17: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.24$35.47$36.81$36.23$36.41
Max Pain$35.10$35.00$36.00$36.00$35.00
ATM IV15.4%14.2%17.9%15.7%16.0%
Expected Move4.5%4.1%5.1%4.5%4.6%
HV 20d14.1%10.5%17.1%17.1%10.6%
HV 60d16.1%13.9%16.9%16.9%13.9%
IV Rank13.6%9.0%23.7%14.7%15.9%
IV Percentile30.9%10.3%65.5%32.5%42.1%
Term Structure0.1%-0.7%1.0%1.0%-0.2%
VWIV16.2%14.0%19.2%15.7%16.0%
Skew 25d2.6%1.3%4.6%2.1%1.6%
Skew 10d5.4%2.4%10.0%4.0%5.5%
Call IV 25d14.5%13.5%15.6%14.9%15.6%
Put IV 25d17.0%15.6%19.8%17.0%17.1%
Bid-Ask Spread %59.2910.6991.3814.5991.38
Gamma HHI0.520.340.890.340.57
Net GEX-5.1M-24.1M2.3M-7.5M2.1M
Net DEX-15.8M-33.4M24.8M-1.9M-27.2M
Net VEX-161.1K-289.9K-88.7K-289.9K-103.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio11.370.0068.9368.9320.67
Total Volume345.38114,2211,04965
Total OI219,258.71426,682338,093338,02526,876

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$36.23$36.0015.7%4.5%17.1%14.7%15.7%2.1%1.0%-7.5M-1.9M-289.9K68.9314.59N/AN/A151,03441,853296,172
2024-01-03$36.20$36.0015.8%4.5%17.0%15.1%17.1%2.0%1.0%-8.6M1.3M-279.3K0.8684.62N/AN/A7641,853295,675
2024-01-04$36.33$35.0016.1%4.5%16.9%16.4%0.0%1.3%0.7%-7.6M-1.9M-272.6K0.0083.48N/AN/A5041,858295,677
2024-01-05$36.38$35.0015.1%4.8%16.7%12.6%16.1%3.4%-0.2%-6.0M-10.3M-237.9K0.1273.17N/AN/A42541,858295,677
2024-01-08$36.63$35.0014.2%4.5%16.8%9.0%16.3%3.3%-0.2%-1.8M-23.9M-202.7K2.5381.91N/AN/A194841,889295,681
2024-01-09$36.36$35.0014.5%4.4%17.1%10.0%15.1%2.9%0.5%-6.2M-15.5M-193.2K0.7825.40N/AN/A9741,906295,638
2024-01-10$36.42$35.0015.8%4.5%17.1%15.1%0.0%2.7%-0.5%-4.0M-22.3M-180.1K0.0032.55N/AN/A0241,915295,634
2024-01-11$36.22$35.0015.3%4.4%17.1%13.3%0.0%2.7%0.2%-8.8M-13.4M-169.3K2.0021.30N/AN/A4841,915295,634
2024-01-12$36.28$35.0015.5%4.5%15.0%14.2%14.6%2.9%-0.0%-7.5M-19.6M-155.4K0.8183.48N/AN/A584741,916295,642
2024-01-16$35.95$35.0016.2%4.6%14.2%16.8%17.8%3.2%-0.3%-13.4M-6.7M-145.9K2.2587.41N/AN/A4941,956295,642
2024-01-17$35.47$35.0017.9%5.1%14.6%23.7%17.2%4.6%-0.0%-24.1M24.8M-159.3K4.9835.93N/AN/A5024941,959295,650
2024-01-18$35.64$35.0015.8%4.5%14.6%15.3%16.6%4.3%-0.1%-6.9M2.3M-132.8K1.8084.34N/AN/A447941,964296,094
2024-01-19$36.08$35.0015.6%4.5%14.4%14.6%16.6%3.0%-0.1%-22.4M-26.1M-123.6K42.5288.73N/AN/A974,12441,987296,106
2024-01-22$35.97$35.0015.2%4.4%11.8%12.8%19.2%2.8%0.2%2.1M-22.1M-116.9K26.3326.95N/AN/A923714,51512,167
2024-01-23$36.17$35.0014.5%4.2%11.4%10.2%0.0%2.3%0.3%2.3M-25.2M-112.0K0.0072.70N/AN/A845214,52212,394
2024-01-24$36.11$35.0014.4%4.1%11.0%9.6%14.3%2.8%0.1%2.3M-24.2M-111.7K0.0774.67N/AN/A15114,44112,396
2024-01-25$36.30$35.0015.3%4.4%10.5%13.2%16.8%1.8%-0.4%2.0M-25.3M-112.0K1.1710.69N/AN/A6714,43912,396
2024-01-26$36.47$35.0014.7%4.2%10.6%10.9%16.0%1.6%0.2%2.3M-29.1M-102.0K33.0073.61N/AN/A13314,44512,398
2024-01-29$36.66$35.0015.2%4.3%10.8%12.8%0.0%1.4%-0.7%2.2M-31.6M-93.9K18.6715.16N/AN/A35614,44512,372
2024-01-30$36.81$35.0014.6%4.2%10.9%10.4%14.0%1.5%-0.2%2.2M-33.4M-88.7K0.0082.93N/AN/A1014,44812,428
2024-01-31$36.41$35.0016.0%4.6%10.6%15.9%16.0%1.6%-0.2%2.1M-27.2M-103.2K20.6791.38N/AN/A36214,44812,428