EWC Options History — January 2025

In January 2025, EWC traded between $39.84 and $41.66. ATM implied volatility averaged 15.7%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 1.9% (HV 20d: 13.7%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 50.94.

Notable Days

  • 2025-01-15: Highest Volume — 75,227 contracts
  • 2025-01-10: Largest IV spike — 39.7% change
  • 2025-01-14: Highest IV Rank — 44.5%
  • 2025-01-31: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.83$39.84$41.66$40.38$41.34
Max Pain$40.60$40.00$42.00$42.00$42.00
ATM IV15.7%11.5%19.8%15.0%18.5%
Expected Move4.4%3.6%5.3%4.3%5.3%
HV 20d13.7%11.0%16.6%15.3%11.6%
HV 60d13.1%12.5%13.5%12.5%13.3%
IV Rank26.4%8.5%44.5%23.8%38.9%
IV Percentile63.3%4.4%93.7%60.3%87.3%
Term Structure0.2%-0.9%0.7%0.4%-0.9%
VWIV16.9%14.6%19.7%15.0%19.5%
Skew 25d5.2%0.4%9.4%5.7%4.4%
Skew 10d7.6%-3.4%15.3%3.6%6.9%
Call IV 25d12.3%7.5%16.5%7.5%16.5%
Put IV 25d17.6%13.1%21.0%13.1%21.0%
Bid-Ask Spread %90.0676.38116.0099.1980.00
Gamma HHI0.360.300.450.420.32
Net GEX-26.4M-31.3M-22.7M-30.0M-27.5M
Net DEX333.7M230.1M419.6M419.6M296.9M
Net VEX-2.7M-3.1M-2.3M-2.7M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio50.940.05540.200.3025.40
Total Volume14,336.96775,22727417,580
Total OI417,813.1393,954442,434428,315425,148

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$40.38$42.0015.0%4.3%15.3%23.8%15.0%5.7%0.4%-30.0M419.6M-2.7M0.3099.19N/AN/A2116352,099376,216
2025-01-03$40.54$42.0013.0%3.7%15.4%15.1%0.0%0.4%0.7%-27.6M381.2M-2.7M0.0694.90N/AN/A63452,125366,168
2025-01-06$40.72$41.0015.9%4.2%15.3%27.6%14.6%3.8%-0.5%-26.9M337.6M-2.6M0.0594.86N/AN/A10,12348952,185366,172
2025-01-07$40.50$40.0016.1%4.6%15.2%28.2%15.0%4.3%0.0%-26.1M364.8M-2.7M23.6889.10N/AN/A94522,37458,029366,491
2025-01-08$40.72$40.0011.5%4.3%15.4%8.5%18.1%7.1%0.2%-26.9M383.0M-2.9M25.6181.54N/AN/A50012,80458,098377,604
2025-01-10$40.06$40.0016.1%4.6%16.2%28.3%14.8%1.3%0.5%-26.3M417.8M-2.4M0.1390.52N/AN/A85211258,498362,764
2025-01-13$39.84$40.0019.1%4.6%15.8%41.4%19.7%5.0%0.2%-26.0M404.4M-2.3M23.7376.38N/AN/A1,45334,48059,154350,317
2025-01-14$39.97$40.0019.8%4.6%15.6%44.5%17.2%5.0%0.4%-23.8M402.2M-2.5M8.3586.09N/AN/A6251858,821347,914
2025-01-15$40.52$40.0014.3%4.1%16.6%20.7%17.6%9.4%0.7%-23.6M333.2M-2.5M540.2095.67N/AN/A13975,08858,901345,339
2025-01-16$40.34$40.0016.3%4.7%16.6%29.3%17.6%3.7%0.3%-24.0M361.8M-2.6M157.0085.17N/AN/A416,43758,963377,304
2025-01-17$40.56$40.0015.3%4.4%15.6%25.0%18.1%3.8%0.4%-25.8M341.8M-2.7M65.3483.12N/AN/A15710,25958,944383,490
2025-01-21$41.20$40.0016.4%4.7%11.2%29.6%19.7%8.9%-0.2%-27.1M292.4M-2.6M99.6883.15N/AN/A22922,82751,323342,631
2025-01-22$41.17$40.0015.8%4.5%11.3%27.3%15.5%6.8%0.1%-31.3M323.7M-2.8M1.0984.32N/AN/A33536451,376360,729
2025-01-23$41.34$40.0015.3%4.4%11.1%25.0%15.3%6.9%0.3%-26.2M277.3M-2.7M1.6993.06N/AN/A20,06933,97851,496344,818
2025-01-24$41.52$41.0013.9%4.0%11.1%18.6%15.2%4.6%0.6%-22.7M230.1M-2.9M0.1894.07N/AN/A2825164,495353,049
2025-01-27$41.31$41.0012.5%3.6%11.4%12.6%18.6%8.6%0.2%-26.2M274.0M-2.9M33.69116.00N/AN/A30410,24254,395353,029
2025-01-28$41.42$41.0016.4%4.7%11.4%29.5%15.0%7.3%0.1%-27.7M286.3M-3.0M0.2588.05N/AN/A1102754,545362,958
2025-01-29$41.45$41.0016.2%4.6%11.0%28.9%17.8%3.4%0.1%-27.4M287.7M-3.0M10.2394.77N/AN/A6465554,523362,971
2025-01-30$41.66$41.0015.6%4.5%11.1%26.1%15.8%3.9%-0.1%-25.7M258.5M-3.0M2.0791.17N/AN/A7961,65154,563368,617
2025-01-31$41.34$42.0018.5%5.3%11.6%38.9%19.5%4.4%-0.9%-27.5M296.9M-3.1M25.4080.00N/AN/A66616,91454,855370,293