EWC Options History — July 2025

In July 2025, EWC traded between $45.98 and $47.17. ATM implied volatility averaged 12.7%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 2.5% (HV 20d: 10.2%). Max pain ranged from $44.00 to $46.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 203.99.

Notable Days

2025-07-31: Highest Volume — 98,220 contracts
2025-07-03: Largest IV spike — 41.7% change
2025-07-03: Highest IV Rank — 22.3%
2025-07-07: Largest Expected Move — 4.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.51	$45.98	$47.17	$46.22	$46.25
Max Pain	$45.23	$44.00	$46.00	$45.00	$46.00
ATM IV	12.7%	8.9%	18.5%	12.2%	14.0%
Expected Move	3.6%	2.5%	4.1%	3.5%	4.0%
HV 20d	10.2%	8.0%	11.1%	9.6%	8.8%
HV 60d	11.4%	8.3%	23.5%	23.5%	8.6%
IV Rank	8.5%	0.0%	22.3%	6.5%	12.6%
IV Percentile	18.5%	0.0%	74.6%	9.1%	34.9%
Term Structure	0.4%	-4.8%	8.0%	0.5%	-0.2%
VWIV	13.5%	6.9%	16.7%	13.1%	14.4%
Skew 25d	5.5%	1.9%	8.6%	2.6%	5.1%
Skew 10d	8.6%	-4.0%	15.0%	6.9%	14.1%
Call IV 25d	9.7%	6.7%	13.4%	12.3%	12.2%
Put IV 25d	15.2%	10.2%	17.3%	14.9%	17.3%
Bid-Ask Spread %	88.17	70.06	104.86	99.36	83.36
Gamma HHI	0.17	0.14	0.28	0.14	0.28
Net GEX	-11.9M	-25.6M	-6.2M	-12.2M	-25.6M
Net DEX	57.9M	16.3M	118.8M	85.3M	118.8M
Net VEX	-3.6M	-4.0M	-3.0M	-4.0M	-3.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	203.99	0.72	2517.46	11.50	2517.46
Total Volume	6,996.818	56	98,220	500	98,220
Total OI	435,807.455	426,189	461,293	432,002	461,293

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-07-01	$46.22	$45.00	12.2%	3.5%	9.6%	6.5%	13.1%	2.6%	0.5%	-12.2M	85.3M	-4.0M	11.50	99.36	N/A	N/A	40	460	50,674	381,328
2025-07-02	$46.28	$45.00	13.1%	3.8%	9.6%	8.7%	16.7%	1.9%	0.5%	-11.8M	77.6M	-3.9M	14.02	101.29	N/A	N/A	58	813	50,687	381,216
2025-07-03	$46.67	$44.00	18.5%	3.6%	9.9%	22.3%	0.0%	8.0%	-4.8%	-11.3M	60.1M	-3.8M	3.42	103.75	N/A	N/A	106	362	50,708	381,747
2025-07-07	$46.23	$44.00	14.3%	4.1%	10.6%	11.7%	14.4%	5.4%	-0.0%	-11.6M	80.0M	-3.9M	4.48	87.95	N/A	N/A	29	130	50,610	381,763
2025-07-08	$45.98	$44.00	13.1%	3.9%	10.9%	8.8%	0.0%	8.2%	0.1%	-12.1M	92.8M	-4.0M	1.17	88.76	N/A	N/A	108	126	50,628	381,884
2025-07-09	$46.13	$44.00	10.9%	3.1%	10.9%	3.4%	16.2%	4.8%	8.0%	-9.9M	69.1M	-3.8M	0.72	104.86	N/A	N/A	47	34	50,542	381,997
2025-07-10	$46.34	$44.00	13.2%	3.8%	10.9%	9.0%	14.3%	5.1%	-0.2%	-9.3M	50.4M	-3.6M	5.22	83.25	N/A	N/A	9	47	50,579	382,013
2025-07-11	$46.19	$44.00	13.3%	3.8%	10.8%	9.2%	13.5%	6.6%	-0.0%	-9.8M	54.3M	-3.5M	564.79	87.21	N/A	N/A	19	10,731	50,587	382,036
2025-07-14	$46.41	$45.00	13.7%	3.9%	10.8%	10.2%	6.9%	7.8%	0.1%	-9.0M	59.6M	-3.8M	7.88	70.06	N/A	N/A	49	386	50,589	383,908
2025-07-15	$46.14	$45.00	13.3%	3.8%	11.0%	9.3%	13.0%	6.9%	-0.3%	-7.4M	65.3M	-3.6M	1.31	79.86	N/A	N/A	36	47	50,605	384,145
2025-07-16	$46.39	$45.00	14.4%	4.1%	11.1%	11.9%	15.5%	8.6%	-0.1%	-6.2M	57.6M	-3.6M	3.83	80.80	N/A	N/A	58	222	50,629	384,120
2025-07-17	$46.70	$46.00	8.9%	2.5%	10.9%	0.0%	14.0%	8.4%	0.3%	-8.8M	33.7M	-3.5M	1.03	85.65	N/A	N/A	5,056	5,221	50,685	384,185
2025-07-18	$46.61	$46.00	11.3%	3.2%	11.0%	5.9%	13.3%	2.3%	0.7%	-8.0M	25.7M	-3.5M	0.73	83.80	N/A	N/A	182	133	55,720	389,386
2025-07-21	$46.70	$46.00	11.5%	3.3%	10.6%	6.4%	11.5%	4.2%	0.8%	-10.9M	33.2M	-3.4M	1.51	83.65	N/A	N/A	110	166	50,286	375,903
2025-07-22	$47.06	$46.00	11.8%	3.4%	10.7%	7.2%	11.8%	3.6%	1.1%	-10.5M	33.2M	-3.4M	1.73	90.78	N/A	N/A	103	178	50,371	376,046
2025-07-23	$47.17	$46.00	12.1%	3.5%	10.6%	7.9%	12.2%	4.3%	0.2%	-10.4M	27.1M	-3.4M	1.41	83.52	N/A	N/A	160	226	50,470	376,215
2025-07-24	$47.02	$46.00	11.2%	3.2%	10.2%	5.7%	14.1%	4.2%	0.6%	-10.7M	38.1M	-3.5M	33.46	86.92	N/A	N/A	39	1,305	50,596	376,374
2025-07-25	$47.03	$46.00	10.8%	3.1%	9.7%	4.6%	11.9%	3.5%	0.9%	-10.9M	25.7M	-3.2M	1.01	86.74	N/A	N/A	5,112	5,160	50,626	377,293
2025-07-28	$46.72	$46.00	11.2%	3.2%	9.5%	5.6%	14.1%	7.2%	1.0%	-10.7M	16.3M	-3.0M	356.35	87.15	N/A	N/A	17	6,058	55,727	382,306
2025-07-29	$46.72	$46.00	12.1%	3.5%	8.0%	7.9%	14.8%	7.6%	-0.1%	-19.3M	65.3M	-3.6M	679.93	88.24	N/A	N/A	14	9,519	55,734	396,883
2025-07-30	$46.27	$46.00	13.9%	4.0%	8.8%	12.2%	14.2%	5.3%	-0.4%	-24.7M	105.5M	-3.7M	274.82	92.67	N/A	N/A	11	3,023	55,744	402,926
2025-07-31	$46.25	$46.00	14.0%	4.0%	8.8%	12.6%	14.4%	5.1%	-0.2%	-25.6M	118.8M	-3.7M	2517.46	83.36	N/A	N/A	39	98,181	55,764	405,529