EWC Options History — October 2025

In October 2025, EWC traded between $49.97 and $51.33. ATM implied volatility averaged 13.7%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 2.6% (HV 20d: 11.1%). Max pain ranged from $50.00 to $51.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 25.22.

Notable Days

2025-10-28: Highest Volume — 43,326 contracts
2025-10-10: Largest IV spike — 52.9% change
2025-10-10: Highest IV Rank — 24.6%
2025-10-17: Largest Expected Move — 4.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.69	$49.97	$51.33	$50.66	$50.78
Max Pain	$50.87	$50.00	$51.00	$50.00	$51.00
ATM IV	13.7%	10.8%	18.9%	11.1%	14.7%
Expected Move	3.9%	3.2%	4.5%	3.2%	4.2%
HV 20d	11.1%	7.8%	13.5%	7.9%	12.7%
HV 60d	10.5%	9.6%	11.3%	9.6%	10.4%
IV Rank	11.7%	4.7%	24.6%	5.4%	14.2%
IV Percentile	36.4%	2.8%	81.0%	4.0%	53.6%
Term Structure	0.9%	-5.0%	3.1%	1.3%	0.1%
VWIV	15.1%	11.1%	23.6%	11.1%	13.9%
Skew 25d	3.7%	1.6%	8.0%	3.4%	4.2%
Skew 10d	7.5%	-1.7%	12.2%	5.0%	-1.7%
Call IV 25d	12.5%	8.6%	14.6%	10.6%	14.3%
Put IV 25d	16.2%	13.6%	19.8%	14.0%	18.5%
Bid-Ask Spread %	85.62	53.62	101.25	64.29	98.60
Gamma HHI	0.17	0.13	0.23	0.18	0.13
Net GEX	-17.1M	-20.9M	-13.8M	-18.2M	-13.8M
Net DEX	102.4M	44.2M	139.3M	114.0M	120.1M
Net VEX	-4.6M	-5.1M	-3.9M	-4.9M	-5.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	25.22	0.34	201.20	0.54	40.00
Total Volume	2,875.522	91	43,326	151	328
Total OI	498,289.565	483,143	539,319	493,793	524,945

Daily Data (23 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
2025-10-01	$50.66	$50.00	11.1%	3.2%	7.9%	5.4%	11.1%	3.4%	1.3%	-18.2M	114.0M	-4.9M	0.54	64.29	N/A	N/A	98	53	55,817	437,976
2025-10-02	$50.61	$50.00	11.0%	3.2%	7.8%	5.2%	12.4%	5.2%	2.0%	-18.7M	117.9M	-4.9M	4.46	60.03	N/A	N/A	83	370	55,899	437,988
2025-10-03	$51.25	$50.00	11.6%	3.3%	8.7%	6.7%	13.3%	3.6%	0.7%	-15.9M	80.4M	-4.7M	1.42	53.62	N/A	N/A	165	235	55,984	438,238
2025-10-06	$51.33	$51.00	11.9%	4.1%	8.7%	7.5%	15.0%	2.9%	1.3%	-15.3M	61.5M	-4.5M	28.29	81.78	N/A	N/A	17	481	56,050	438,453
2025-10-07	$50.95	$51.00	13.3%	3.8%	9.3%	10.8%	17.8%	3.5%	1.3%	-16.7M	101.4M	-4.8M	0.00	76.96	N/A	N/A	0	10,078	56,065	438,835
2025-10-08	$51.05	$51.00	10.8%	3.8%	9.3%	4.7%	14.6%	3.4%	1.2%	-16.0M	86.8M	-4.6M	13.31	82.50	N/A	N/A	29	386	56,065	439,838
2025-10-09	$50.55	$51.00	12.4%	3.9%	9.7%	8.6%	16.5%	3.9%	0.4%	-18.6M	118.7M	-4.8M	118.89	81.91	N/A	N/A	19	2,259	56,073	439,988
2025-10-10	$49.97	$51.00	18.9%	4.5%	10.6%	24.6%	16.1%	5.0%	0.7%	-19.9M	139.3M	-4.9M	4.55	91.73	N/A	N/A	31	141	56,078	440,644
2025-10-13	$50.58	$51.00	18.1%	4.0%	11.0%	22.6%	23.6%	4.3%	1.8%	-19.4M	127.9M	-4.7M	27.38	95.11	N/A	N/A	8	219	56,085	440,588
2025-10-14	$50.47	$51.00	16.8%	4.5%	11.1%	19.3%	17.4%	2.9%	0.2%	-20.3M	130.6M	-4.8M	201.20	94.48	N/A	N/A	10	2,012	56,085	440,804
2025-10-15	$50.95	$51.00	15.0%	4.3%	11.5%	15.0%	15.6%	4.0%	1.4%	-18.2M	88.4M	-4.4M	0.34	91.41	N/A	N/A	275	93	56,086	440,804
2025-10-16	$50.55	$51.00	14.3%	4.1%	11.9%	13.4%	17.3%	8.0%	-5.0%	-18.3M	103.8M	-4.8M	8.10	101.25	N/A	N/A	10	81	56,314	440,883
2025-10-17	$50.35	$51.00	15.8%	4.5%	11.3%	16.9%	16.0%	3.8%	0.2%	-20.9M	107.8M	-4.6M	1.46	88.49	N/A	N/A	127	186	56,312	440,888
2025-10-20	$50.70	$51.00	13.2%	3.8%	11.6%	10.4%	12.7%	4.4%	1.2%	-15.4M	99.0M	-4.6M	0.36	86.12	N/A	N/A	447	162	55,874	427,269
2025-10-21	$49.98	$51.00	13.8%	4.0%	12.5%	12.0%	17.6%	2.8%	0.9%	-16.2M	114.4M	-4.5M	67.35	87.80	N/A	N/A	20	1,347	56,262	427,297
2025-10-22	$50.28	$51.00	13.9%	4.0%	12.5%	12.4%	14.3%	4.0%	0.8%	-17.4M	115.7M	-4.7M	1.30	84.23	N/A	N/A	118	153	56,273	427,295
2025-10-23	$50.59	$51.00	11.5%	3.3%	12.5%	6.5%	14.0%	2.1%	2.1%	-14.4M	55.0M	-3.9M	2.31	91.24	N/A	N/A	111	256	56,379	427,380
2025-10-24	$50.81	$51.00	12.1%	3.5%	12.6%	7.9%	12.5%	2.3%	1.1%	-15.6M	44.2M	-3.9M	2.51	88.61	N/A	N/A	101	254	56,475	427,517
2025-10-27	$50.78	$51.00	12.6%	3.6%	12.2%	9.0%	13.4%	2.6%	0.3%	-18.1M	109.9M	-4.6M	1.96	90.13	N/A	N/A	120	235	56,564	447,678
2025-10-28	$51.31	$51.00	13.2%	3.8%	12.7%	10.6%	13.5%	1.6%	3.1%	-16.2M	59.2M	-4.2M	3.87	90.80	N/A	N/A	8,900	34,426	56,647	447,880
2025-10-29	$50.70	$51.00	14.5%	4.2%	13.5%	13.8%	14.1%	3.3%	2.6%	-14.9M	124.9M	-4.9M	5.50	96.74	N/A	N/A	190	1,045	65,442	473,877
2025-10-30	$50.66	$51.00	14.0%	4.0%	13.5%	12.6%	13.9%	3.6%	0.5%	-14.0M	135.3M	-5.1M	19.82	91.54	N/A	N/A	22	436	65,355	459,411
2025-10-31	$50.78	$51.00	14.7%	4.2%	12.7%	14.2%	0.0%	4.2%	0.1%	-13.8M	120.1M	-5.0M	40.00	98.60	N/A	N/A	8	320	65,353	459,592