EA Options History — February 2013

In February 2013, EA traded between $16.00 and $18.12. ATM implied volatility averaged 35.9%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 2.8% (HV 20d: 33.1%). Max pain ranged from $14.00 to $14.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.61.

Notable Days

2013-02-21: Highest Volume — 61,624 contracts
2013-02-04: Largest IV spike — 9.7% change
2013-02-25: Highest IV Rank — 21.8%
2013-02-25: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.26	$16.00	$18.12	$16.19	$17.53
Max Pain	$14.00	$14.00	$14.00	$14.00	$14.00
ATM IV	35.9%	31.9%	39.4%	31.9%	36.7%
Expected Move	10.2%	9.4%	11.3%	9.4%	10.5%
HV 20d	33.1%	31.0%	37.4%	35.0%	35.0%
HV 60d	32.0%	31.1%	33.4%	33.0%	32.1%
IV Rank	14.4%	5.7%	21.8%	5.7%	16.0%
IV Percentile	35.4%	4.0%	59.1%	4.0%	44.0%
Term Structure	-0.4%	-2.6%	1.3%	1.0%	-1.7%
VWIV	36.2%	31.8%	41.0%	31.8%	38.6%
Skew 25d	2.7%	0.8%	4.9%	4.1%	2.0%
Skew 10d	7.1%	3.9%	15.1%	15.1%	5.5%
Call IV 25d	35.2%	30.2%	39.7%	30.2%	37.0%
Put IV 25d	37.9%	34.3%	41.4%	34.3%	39.0%
Bid-Ask Spread %	11.73	8.14	16.33	15.14	14.57
Gamma HHI	0.43	0.27	0.89	0.39	0.33
Net GEX	4.9M	2.9M	14.4M	4.9M	4.8M
Net DEX	-108.0M	-132.7M	-69.2M	-77.3M	-109.2M
Net VEX	-274.6K	-410.3K	-202.4K	-233.0K	-391.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.04	1.95	1.95	1.29
Total Volume	11,788.053	601	61,624	4,459	601
Total OI	143,519.842	105,059	175,693	125,916	175,693

Daily Data (19 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
2013-02-01	$16.19	$14.00	31.9%	9.4%	35.0%	5.7%	31.8%	4.1%	1.0%	4.9M	-77.3M	-233.0K	1.95	15.14	N/A	N/A	1,511	2,948	101,113	24,803
2013-02-04	$16.00	$14.00	35.0%	9.6%	35.4%	12.4%	31.9%	4.4%	1.0%	4.6M	-69.2M	-234.9K	1.40	15.52	N/A	N/A	1,765	2,465	100,860	26,903
2013-02-05	$16.89	$14.00	35.8%	9.6%	37.4%	14.1%	33.8%	4.8%	1.3%	4.7M	-103.8M	-232.2K	0.12	16.33	N/A	N/A	51,047	6,314	101,491	27,898
2013-02-06	$16.88	$14.00	35.5%	10.2%	31.3%	13.4%	35.7%	4.9%	-0.2%	3.8M	-93.8M	-217.3K	0.04	12.28	N/A	N/A	42,961	1,580	92,229	32,421
2013-02-07	$16.87	$14.00	35.1%	10.1%	31.0%	12.7%	35.2%	3.9%	-0.1%	6.0M	-130.0M	-267.0K	0.44	11.15	N/A	N/A	443	194	126,435	33,364
2013-02-08	$17.37	$14.00	35.0%	10.0%	31.5%	12.3%	35.0%	3.2%	0.9%	4.5M	-125.6M	-242.5K	0.54	11.57	N/A	N/A	5,950	3,227	108,310	33,375
2013-02-11	$17.41	$14.00	36.6%	10.5%	31.6%	15.9%	36.1%	2.5%	0.6%	4.5M	-127.0M	-239.7K	0.41	11.84	N/A	N/A	2,919	1,183	109,674	35,943
2013-02-12	$17.54	$14.00	34.2%	9.8%	31.6%	10.7%	35.6%	3.5%	1.2%	4.5M	-131.4M	-240.2K	0.18	9.54	N/A	N/A	1,066	195	111,176	36,023
2013-02-13	$17.17	$14.00	34.4%	9.9%	33.4%	11.2%	35.6%	2.3%	1.2%	5.0M	-119.1M	-235.9K	0.18	9.93	N/A	N/A	2,521	454	110,965	36,143
2013-02-14	$17.15	$14.00	35.2%	10.1%	33.4%	12.8%	35.3%	1.8%	0.4%	4.5M	-114.5M	-222.8K	0.05	10.61	N/A	N/A	2,725	147	106,296	35,807
2013-02-15	$16.97	$14.00	34.7%	9.9%	33.7%	11.7%	35.5%	2.0%	1.0%	14.4M	-104.6M	-218.0K	0.07	12.38	N/A	N/A	5,237	354	105,962	35,857
2013-02-19	$17.59	$14.00	36.0%	10.3%	34.8%	14.6%	36.4%	1.6%	-2.6%	2.9M	-86.9M	-202.4K	0.13	10.32	N/A	N/A	6,723	893	78,240	26,819
2013-02-20	$17.48	$14.00	37.0%	10.6%	35.0%	16.7%	37.1%	2.1%	-2.3%	3.2M	-86.6M	-215.3K	0.78	11.01	N/A	N/A	2,396	1,878	82,727	27,622
2013-02-21	$17.64	$14.00	38.4%	11.0%	32.3%	19.8%	38.5%	0.8%	-2.5%	3.2M	-92.5M	-215.7K	0.14	10.51	N/A	N/A	53,991	7,633	84,245	28,696
2013-02-22	$17.81	$14.00	36.5%	10.5%	32.3%	15.7%	36.6%	1.6%	-1.4%	4.4M	-118.2M	-410.3K	0.25	8.14	N/A	N/A	3,759	948	135,824	34,466
2013-02-25	$17.70	$14.00	39.4%	11.3%	31.6%	21.8%	39.8%	1.7%	-2.5%	4.5M	-115.8M	-398.1K	1.06	11.50	N/A	N/A	1,272	1,344	136,763	35,167
2013-02-26	$17.69	$14.00	38.1%	10.9%	31.5%	19.2%	41.0%	2.1%	-2.0%	4.4M	-113.8M	-398.8K	1.89	10.27	N/A	N/A	1,347	2,546	137,106	35,445
2013-02-27	$18.12	$14.00	36.8%	10.5%	31.6%	16.2%	37.8%	1.9%	-1.4%	4.4M	-132.7M	-401.0K	0.63	10.32	N/A	N/A	879	557	137,828	37,188
2013-02-28	$17.53	$14.00	36.7%	10.5%	35.0%	16.0%	38.6%	2.0%	-1.7%	4.8M	-109.2M	-391.8K	1.29	14.57	N/A	N/A	262	339	138,132	37,561