EWC Options History — September 2025

In September 2025, EWC traded between $48.59 and $50.86. ATM implied volatility averaged 12.3%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 3.2% (HV 20d: 9.1%). Max pain ranged from $47.00 to $50.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 257.16.

Notable Days

  • 2025-09-16: Highest Volume — 60,253 contracts
  • 2025-09-24: Largest IV spike — 23.1% change
  • 2025-09-24: Highest IV Rank — 11.7%
  • 2025-09-24: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.85$48.59$50.86$48.59$50.52
Max Pain$49.10$47.00$50.00$47.00$50.00
ATM IV12.3%11.1%13.7%13.2%11.6%
Expected Move3.5%3.2%3.9%3.8%3.3%
HV 20d9.1%7.6%11.4%11.4%8.0%
HV 60d10.3%9.7%10.5%10.5%9.7%
IV Rank8.4%5.4%11.7%10.5%6.6%
IV Percentile19.2%3.6%37.7%29.4%10.7%
Term Structure0.9%-3.9%2.4%-0.3%1.3%
VWIV13.6%11.6%17.6%14.6%17.6%
Skew 25d4.0%2.5%6.7%5.2%3.4%
Skew 10d9.1%1.3%15.3%5.9%5.6%
Call IV 25d10.7%8.4%12.1%12.1%10.9%
Put IV 25d14.7%12.2%17.2%17.2%14.3%
Bid-Ask Spread %73.8647.0494.6567.4266.26
Gamma HHI0.190.150.240.200.17
Net GEX-14.2M-19.3M-10.6M-11.3M-19.3M
Net DEX19.5M-54.0M114.7M4.8M113.6M
Net VEX-3.8M-4.7M-3.0M-4.0M-4.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio257.160.272730.273.89418.50
Total Volume13,441.815960,2531375,034
Total OI486,138463,657507,978478,619497,023

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$48.59$47.0013.2%3.8%11.4%10.5%14.6%5.2%-0.3%-11.3M4.8M-4.0M3.8967.42N/AN/A2810969,409409,210
2025-09-03$48.77$47.0013.0%3.7%11.3%10.0%13.9%5.1%-0.2%-11.0M36.5M-3.8M55.2778.39N/AN/A301,65859,399409,180
2025-09-04$49.09$48.0011.8%3.6%9.9%7.2%13.4%5.3%1.9%-11.2M9.4M-3.7M2.8975.67N/AN/A5415659,415410,795
2025-09-05$49.16$48.0012.0%3.4%9.4%7.8%0.0%2.5%1.5%-11.2M-681.9K-3.5M0.5792.87N/AN/A44225059,447410,844
2025-09-08$49.31$48.0011.8%3.6%9.3%7.2%16.2%4.2%2.1%-10.6M-7.8M-3.5M97.1376.86N/AN/A20920,30159,471411,005
2025-09-09$49.25$48.0013.4%3.6%9.4%10.9%12.7%4.5%2.3%-14.1M-2.9M-3.3M13.7577.78N/AN/A45559,644431,064
2025-09-10$49.36$49.0012.6%3.6%9.3%9.0%12.3%4.3%1.8%-14.4M903.6K-3.5M33.3381.08N/AN/A1860059,644431,116
2025-09-11$49.81$49.0011.3%3.2%9.7%5.8%13.0%2.8%2.4%-13.2M-28.5M-3.2M0.4575.20N/AN/A40018059,656431,357
2025-09-12$49.64$49.0011.4%3.3%9.3%6.1%11.6%2.7%1.5%-14.6M-10.5M-3.5M0.2777.38N/AN/A1183259,668431,499
2025-09-15$50.05$49.0012.3%3.5%9.4%8.5%13.1%3.3%0.9%-13.0M-43.8M-3.1M3.2378.09N/AN/A5718459,742431,522
2025-09-16$50.05$49.0012.3%3.5%9.4%8.3%12.9%3.7%1.7%-12.7M-33.7M-3.3M1056.0781.64N/AN/A5760,19659,776431,585
2025-09-17$50.05$50.0013.1%3.8%9.0%10.4%0.0%2.9%1.2%-15.0M-54.0M-3.0M0.7894.65N/AN/A584559,819431,714
2025-09-18$50.19$50.0012.3%3.5%9.0%8.4%12.4%4.1%-3.9%-12.9M-25.0M-3.4M707.0881.99N/AN/A7553,03159,773431,722
2025-09-19$50.75$50.0011.9%3.4%9.4%7.3%13.4%3.5%0.0%-12.7M-16.4M-3.8M0.5989.56N/AN/A28416759,759448,219
2025-09-22$50.86$50.0011.3%3.2%8.0%5.9%14.6%3.0%1.6%-12.2M22.1M-3.6M3.8088.84N/AN/A1,5375,83350,238413,419
2025-09-23$50.56$50.0011.1%3.2%7.6%5.4%13.3%6.7%0.3%-15.5M38.7M-3.7M1.0074.09N/AN/A21,09821,07951,757419,200
2025-09-24$50.30$50.0013.7%3.9%8.0%11.7%14.5%3.6%-0.2%-16.9M77.8M-4.6M112.2049.39N/AN/A465,16155,662436,155
2025-09-25$49.98$50.0012.8%3.7%8.1%9.7%13.7%4.5%1.2%-19.1M114.7M-4.7M2730.2747.04N/AN/A1130,03355,667441,221
2025-09-26$50.03$50.0012.7%3.6%8.1%9.2%13.7%3.0%0.8%-18.9M114.7M-4.7M8.7947.86N/AN/A1916755,645444,115
2025-09-29$50.47$50.0013.1%3.8%8.3%10.4%11.9%5.1%0.7%-17.8M98.9M-4.6M150.4549.07N/AN/A35353,10955,664437,678
2025-09-30$50.52$50.0011.6%3.3%8.0%6.6%17.6%3.4%1.3%-19.3M113.6M-4.7M418.5066.26N/AN/A125,02255,805441,218