EWC Options History — August 2025

In August 2025, EWC traded between $45.86 and $48.81. ATM implied volatility averaged 12.0%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 0.6% (HV 20d: 11.4%). Max pain ranged from $46.00 to $47.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 51.31.

Notable Days

2025-08-28: Highest Volume — 82,071 contracts
2025-08-04: Largest IV drop — 20.5% change
2025-08-01: Highest IV Rank — 13.8%
2025-08-01: Largest Expected Move — 4.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.45	$45.86	$48.81	$45.86	$48.81
Max Pain	$46.95	$46.00	$47.00	$46.00	$47.00
ATM IV	12.0%	10.2%	14.5%	14.5%	11.4%
Expected Move	3.4%	2.7%	4.2%	4.2%	3.3%
HV 20d	11.4%	8.7%	12.9%	8.7%	11.9%
HV 60d	9.9%	8.8%	10.4%	8.8%	10.4%
IV Rank	7.7%	3.1%	13.8%	13.8%	6.1%
IV Percentile	13.6%	1.2%	41.7%	41.7%	6.0%
Term Structure	1.2%	-4.1%	3.2%	0.0%	0.4%
VWIV	13.2%	9.2%	18.6%	15.4%	13.3%
Skew 25d	3.8%	-13.5%	7.6%	-13.5%	3.9%
Skew 10d	7.3%	-6.3%	15.8%	-6.3%	4.8%
Call IV 25d	10.5%	5.6%	32.0%	32.0%	10.2%
Put IV 25d	14.4%	11.9%	18.5%	18.5%	14.0%
Bid-Ask Spread %	75.99	28.82	91.47	91.47	71.86
Gamma HHI	0.29	0.19	0.45	0.41	0.24
Net GEX	-18.4M	-32.2M	-12.1M	-32.2M	-12.1M
Net DEX	72.2M	1.3M	234.3M	234.3M	2.0M
Net VEX	-3.7M	-4.2M	-3.1M	-4.2M	-3.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	51.31	0.01	309.50	9.69	0.01
Total Volume	7,423.429	73	82,071	1,262	20,268
Total OI	470,023.048	453,959	489,460	482,761	489,460

Daily Data (21 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
2025-08-01	$45.86	$46.00	14.5%	4.2%	8.7%	13.8%	15.4%	-13.5%	0.0%	-32.2M	234.3M	-4.2M	9.69	91.47	N/A	N/A	118	1,144	55,774	426,987
2025-08-04	$46.55	$47.00	11.5%	3.4%	9.7%	6.5%	13.2%	5.9%	2.3%	-31.1M	151.0M	-4.0M	1.30	73.50	N/A	N/A	44	57	55,776	424,052
2025-08-05	$46.83	$47.00	11.9%	3.6%	9.7%	7.4%	15.4%	5.3%	2.1%	-28.5M	121.8M	-4.0M	309.50	74.58	N/A	N/A	4	1,238	55,790	424,043
2025-08-06	$47.66	$47.00	12.0%	3.4%	11.3%	7.7%	16.7%	6.4%	2.4%	-21.7M	56.3M	-3.6M	30.65	77.38	N/A	N/A	17	521	55,790	424,374
2025-08-07	$47.34	$47.00	14.4%	3.9%	11.6%	13.4%	14.5%	5.1%	2.0%	-23.6M	54.7M	-3.3M	6.63	80.76	N/A	N/A	32	212	55,785	424,920
2025-08-08	$47.34	$47.00	13.9%	3.6%	11.5%	12.3%	13.3%	4.3%	2.4%	-23.1M	70.1M	-3.7M	122.00	76.42	N/A	N/A	4	488	55,788	425,066
2025-08-11	$47.30	$47.00	12.2%	3.6%	11.5%	8.0%	18.6%	6.3%	2.1%	-23.3M	71.3M	-3.8M	32.23	82.24	N/A	N/A	22	709	55,792	425,274
2025-08-12	$47.48	$47.00	12.3%	2.7%	11.2%	8.4%	15.0%	4.4%	3.2%	-19.1M	44.0M	-3.6M	255.67	89.62	N/A	N/A	3	767	55,812	425,936
2025-08-13	$47.64	$47.00	10.7%	3.1%	11.2%	4.5%	12.8%	3.5%	2.8%	-13.7M	26.5M	-3.4M	2.56	75.48	N/A	N/A	105	269	55,814	425,580
2025-08-14	$47.31	$47.00	11.8%	3.4%	11.3%	7.1%	11.7%	6.2%	-4.1%	-15.3M	50.8M	-3.7M	0.87	78.74	N/A	N/A	348	304	55,869	425,590
2025-08-15	$47.22	$47.00	11.5%	3.3%	11.3%	6.3%	9.2%	7.6%	1.3%	-15.6M	58.5M	-3.8M	287.25	83.44	N/A	N/A	157	45,098	55,872	425,509
2025-08-18	$47.28	$47.00	11.5%	3.3%	11.3%	6.4%	10.8%	3.4%	1.2%	-15.1M	94.5M	-4.0M	2.47	75.14	N/A	N/A	90	222	50,419	403,540
2025-08-19	$47.02	$47.00	11.9%	3.4%	11.2%	7.5%	13.2%	3.7%	1.3%	-15.1M	92.9M	-3.8M	0.79	65.84	N/A	N/A	72	57	50,505	403,612
2025-08-20	$47.16	$47.00	12.5%	3.6%	11.2%	8.9%	11.8%	4.0%	0.6%	-15.4M	103.6M	-3.9M	2.17	77.99	N/A	N/A	23	50	50,561	403,632
2025-08-21	$47.22	$47.00	13.4%	3.8%	11.2%	11.0%	13.0%	4.0%	0.2%	-15.5M	103.9M	-4.0M	2.44	78.52	N/A	N/A	106	259	50,571	403,665
2025-08-22	$48.02	$47.00	10.7%	3.1%	12.6%	4.5%	12.3%	3.2%	0.8%	-13.2M	44.7M	-3.5M	3.44	28.82	N/A	N/A	59	203	50,671	403,743
2025-08-25	$47.63	$47.00	10.2%	2.9%	12.8%	3.1%	10.8%	2.4%	1.3%	-13.8M	60.8M	-3.6M	1.91	77.85	N/A	N/A	116	221	50,685	403,727
2025-08-26	$47.92	$47.00	10.9%	3.1%	12.9%	4.9%	12.3%	4.9%	1.0%	-13.6M	49.7M	-3.5M	2.54	79.33	N/A	N/A	94	239	50,792	403,922
2025-08-27	$48.39	$47.00	11.8%	3.4%	12.5%	7.3%	12.3%	4.8%	0.7%	-12.6M	24.4M	-3.3M	0.69	78.52	N/A	N/A	48	33	50,872	403,997
2025-08-28	$48.47	$47.00	12.0%	3.4%	12.5%	7.5%	11.7%	5.1%	0.5%	-12.2M	1.3M	-3.1M	2.73	78.29	N/A	N/A	22,017	60,054	50,903	404,014
2025-08-29	$48.81	$47.00	11.4%	3.3%	11.9%	6.1%	13.3%	3.9%	0.4%	-12.1M	2.0M	-3.9M	0.01	71.86	N/A	N/A	20,028	240	65,399	424,061