EWC Options History — March 2025

In March 2025, EWC traded between $39.35 and $41.67. ATM implied volatility averaged 19.9%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 2.2% (HV 20d: 17.7%). Max pain ranged from $42.00 to $43.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 14.75.

Notable Days

  • 2025-03-04: Highest Volume — 34,278 contracts
  • 2025-03-26: Largest IV spike — 90.1% change
  • 2025-03-10: Highest IV Rank — 74.5%
  • 2025-03-11: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.55$39.35$41.67$40.28$40.80
Max Pain$42.53$42.00$43.00$43.00$42.00
ATM IV19.9%9.7%26.7%22.3%19.7%
Expected Move5.8%4.0%8.1%6.4%5.0%
HV 20d17.7%15.0%20.2%16.3%19.0%
HV 60d15.3%14.5%16.3%14.5%15.7%
IV Rank45.0%0.7%74.5%55.1%44.2%
IV Percentile84.3%0.4%99.6%96.4%88.9%
Term Structure-1.3%-2.6%4.2%-2.5%-2.4%
VWIV20.7%13.0%30.2%22.4%18.0%
Skew 25d7.0%4.2%14.0%6.1%14.0%
Skew 10d12.4%3.5%20.6%17.5%18.7%
Call IV 25d16.3%8.4%20.2%19.6%10.1%
Put IV 25d23.3%19.0%26.9%25.7%24.1%
Bid-Ask Spread %73.1744.31119.8173.9162.79
Gamma HHI0.180.130.270.210.13
Net GEX-30.1M-41.2M-14.6M-35.8M-17.7M
Net DEX398.8M167.3M588.7M478.9M242.4M
Net VEX-2.8M-3.1M-2.4M-3.0M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio14.750.3581.008.262.96
Total Volume5,388.71456634,2784,167895
Total OI440,999.429304,716502,406471,358306,279

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$40.28$43.0022.3%6.4%16.3%55.1%22.4%6.1%-2.5%-35.8M478.9M-3.0M8.2673.91N/AN/A4503,71767,340404,018
2025-03-04$40.00$43.0021.7%6.2%15.2%52.7%22.7%6.4%-2.4%-37.7M513.2M-3.1M81.0072.00N/AN/A41833,86067,533414,241
2025-03-05$40.69$43.0019.9%5.7%15.0%44.9%23.2%6.4%-0.6%-37.4M438.2M-3.1M8.8271.73N/AN/A1,0729,45067,839426,462
2025-03-06$40.31$43.0023.4%6.7%15.1%60.2%22.5%7.2%-1.5%-36.7M477.6M-3.1M13.0765.11N/AN/A5517,20268,160422,344
2025-03-07$40.41$43.0025.2%7.2%15.1%67.9%25.2%7.4%-2.5%-38.1M477.1M-3.0M12.4076.32N/AN/A3394,20568,561428,041
2025-03-10$39.63$43.0026.7%7.7%16.4%74.5%26.7%6.8%-2.1%-36.9M572.3M-3.1M4.4864.43N/AN/A6102,73468,841427,134
2025-03-11$39.53$43.0021.5%8.1%15.8%51.9%30.2%7.2%-2.0%-37.6M573.9M-3.1M45.7568.18N/AN/A2089,51769,394427,623
2025-03-12$39.89$43.0021.4%7.4%16.3%51.3%27.2%5.9%-2.0%-39.5M532.0M-3.0M2.8861.38N/AN/A27077769,463431,465
2025-03-13$39.35$43.0023.3%7.8%16.7%59.8%26.6%6.9%-2.6%-41.2M588.7M-3.0M31.8144.31N/AN/A60419,21669,701430,711
2025-03-14$40.08$43.0019.4%6.5%17.6%42.5%26.2%6.5%-0.7%-37.0M487.7M-2.9M4.7355.85N/AN/A4071,92470,282424,874
2025-03-17$40.70$42.0018.2%4.9%18.7%37.7%17.5%6.7%-1.2%-34.3M408.9M-2.8M11.7374.02N/AN/A4014,70570,414426,590
2025-03-18$40.44$42.0020.3%5.4%18.5%46.4%14.7%6.2%-1.6%-34.8M450.5M-2.8M1.0466.65N/AN/A66269170,675430,825
2025-03-19$41.11$42.0017.6%4.9%19.6%35.0%18.7%6.4%-0.6%-33.1M375.9M-2.7M1.7578.42N/AN/A26846970,883430,886
2025-03-20$41.14$0.0018.0%4.0%19.6%36.7%0.0%5.5%-1.5%-29.1M384.0M-2.7M15.28119.81N/AN/A1221,86471,056431,255
2025-03-21$40.84$0.0017.4%4.8%18.7%33.9%15.1%5.9%-0.9%-25.8M373.0M-2.7M1.8266.45N/AN/A41375081,375421,031
2025-03-24$41.50$42.0017.4%4.3%19.6%34.2%13.0%9.2%0.8%-15.1M173.9M-2.4M0.35103.79N/AN/A80728041,013263,703
2025-03-25$41.67$42.009.7%4.1%19.6%0.7%14.2%10.6%4.2%-14.6M167.3M-2.5M41.5798.13N/AN/A281,16441,262263,760
2025-03-26$41.33$42.0018.5%4.8%19.9%38.8%15.3%4.2%-1.4%-15.5M203.3M-2.6M1.6465.88N/AN/A21435241,278263,547
2025-03-27$41.28$42.0018.0%4.7%19.2%36.7%15.7%5.0%-1.7%-16.2M204.0M-2.6M17.7779.70N/AN/A4071141,403263,813
2025-03-28$40.55$42.0018.9%4.9%20.2%40.4%18.7%5.6%-1.7%-18.5M252.0M-2.7M0.7267.73N/AN/A46333341,428264,485
2025-03-31$40.80$42.0019.7%5.0%19.0%44.2%18.0%14.0%-2.4%-17.7M242.4M-2.7M2.9662.79N/AN/A22666941,638264,641