EA Options History — May 2013

In May 2013, EA traded between $17.30 and $23.35. ATM implied volatility averaged 39.4%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 14.3% (HV 20d: 53.7%). Max pain ranged from $17.00 to $19.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.61.

Notable Days

2013-05-08: Highest Volume — 50,559 contracts
2013-05-08: Largest IV drop — 32.0% change
2013-05-07: Highest IV Rank — 50.5%
2013-05-03: Largest Expected Move — 13.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.36	$17.30	$23.35	$17.30	$22.99
Max Pain	$18.27	$17.00	$19.00	$18.00	$19.00
ATM IV	39.4%	33.9%	52.7%	46.5%	38.3%
Expected Move	10.9%	9.6%	13.6%	13.3%	11.0%
HV 20d	53.7%	24.6%	63.5%	24.6%	62.7%
HV 60d	42.7%	31.3%	46.7%	33.1%	46.0%
IV Rank	25.5%	10.1%	50.5%	37.1%	25.6%
IV Percentile	50.1%	13.9%	97.2%	86.1%	53.6%
Term Structure	-1.6%	-9.1%	1.1%	-8.2%	-1.3%
VWIV	38.5%	34.6%	48.5%	45.0%	38.3%
Skew 25d	2.3%	0.8%	3.9%	3.9%	1.5%
Skew 10d	5.1%	1.8%	12.2%	6.5%	3.7%
Call IV 25d	37.6%	32.9%	47.1%	44.8%	38.1%
Put IV 25d	39.9%	35.7%	50.5%	48.6%	39.6%
Bid-Ask Spread %	10.10	7.80	15.59	8.80	9.86
Gamma HHI	0.26	0.21	0.34	0.28	0.22
Net GEX	3.0M	1.4M	4.0M	1.4M	4.0M
Net DEX	-131.8M	-201.4M	-17.3M	-17.3M	-185.9M
Net VEX	-542.0K	-700.8K	-288.4K	-288.4K	-681.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.05	3.32	0.38	0.89
Total Volume	12,542.227	1,297	50,559	1,297	2,605
Total OI	192,625.364	125,485	231,844	125,485	231,844

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
2013-05-01	$17.30	$18.00	46.5%	13.3%	24.6%	37.1%	45.0%	3.9%	-8.2%	1.4M	-17.3M	-288.4K	0.38	8.80	N/A	N/A	937	360	89,723	35,762
2013-05-02	$17.54	$18.00	47.1%	13.5%	25.1%	38.4%	47.8%	3.4%	-8.5%	1.5M	-23.1M	-297.8K	0.05	9.25	N/A	N/A	11,900	543	89,991	35,845
2013-05-03	$17.95	$18.00	47.4%	13.6%	26.3%	39.0%	48.5%	3.7%	-9.1%	2.2M	-37.0M	-329.3K	0.21	7.80	N/A	N/A	10,213	2,158	100,356	35,902
2013-05-06	$18.29	$17.00	51.0%	11.0%	26.9%	46.8%	38.2%	2.5%	-0.7%	2.5M	-45.1M	-335.4K	1.87	15.59	N/A	N/A	4,678	8,737	100,534	37,100
2013-05-07	$18.41	$17.00	52.7%	10.9%	26.7%	50.5%	37.9%	1.9%	-1.2%	2.5M	-47.7M	-340.1K	0.95	13.10	N/A	N/A	6,694	6,381	102,555	41,621
2013-05-08	$21.56	$17.00	35.9%	9.6%	61.2%	14.2%	34.8%	2.8%	1.1%	4.0M	-146.2M	-355.5K	0.80	10.27	N/A	N/A	28,149	22,410	105,260	45,098
2013-05-09	$21.64	$18.00	33.9%	9.9%	60.8%	10.1%	34.6%	2.9%	0.6%	3.8M	-156.7M	-453.6K	3.32	9.40	N/A	N/A	11,414	37,922	119,023	59,312
2013-05-10	$22.48	$18.00	34.7%	10.1%	61.4%	15.4%	36.1%	3.1%	0.4%	2.6M	-167.5M	-577.1K	0.25	8.97	N/A	N/A	4,435	1,110	120,385	94,579
2013-05-13	$21.74	$18.00	36.8%	10.4%	60.8%	21.3%	36.3%	3.6%	-0.3%	2.5M	-138.2M	-598.1K	0.21	8.58	N/A	N/A	14,063	2,909	121,291	95,074
2013-05-14	$22.41	$18.00	36.6%	10.4%	61.0%	20.8%	36.1%	3.5%	-0.2%	2.7M	-164.6M	-567.2K	0.27	8.98	N/A	N/A	2,918	800	120,799	96,491
2013-05-15	$22.64	$18.00	34.6%	10.0%	59.7%	15.2%	35.9%	3.5%	0.4%	2.9M	-175.9M	-568.3K	0.20	8.39	N/A	N/A	8,042	1,612	122,856	96,924
2013-05-16	$22.02	$18.00	35.1%	10.1%	61.2%	16.7%	35.8%	3.0%	0.9%	3.0M	-149.1M	-615.8K	0.45	8.88	N/A	N/A	3,528	1,573	125,649	96,274
2013-05-17	$22.21	$18.00	35.7%	10.2%	61.2%	18.2%	36.2%	1.2%	0.7%	2.8M	-163.3M	-607.4K	0.77	10.50	N/A	N/A	5,413	4,172	126,766	96,913
2013-05-20	$21.79	$19.00	36.2%	10.4%	62.3%	19.8%	38.0%	1.4%	-1.2%	2.8M	-118.2M	-620.8K	0.88	12.19	N/A	N/A	2,232	1,966	113,471	73,814
2013-05-21	$21.97	$19.00	36.4%	10.4%	62.3%	20.2%	36.8%	1.5%	-1.1%	2.8M	-125.4M	-612.6K	0.15	12.22	N/A	N/A	6,098	909	114,494	74,988
2013-05-22	$21.75	$19.00	36.1%	10.3%	62.6%	19.3%	36.1%	1.4%	-0.4%	3.0M	-118.4M	-632.1K	0.07	11.45	N/A	N/A	23,429	1,757	117,240	75,282
2013-05-23	$22.65	$19.00	37.1%	10.6%	63.5%	22.3%	37.6%	1.3%	-0.8%	3.4M	-159.5M	-673.4K	0.07	10.72	N/A	N/A	8,620	638	137,696	76,329
2013-05-24	$22.77	$19.00	37.8%	10.8%	63.3%	24.1%	37.9%	0.8%	-0.9%	3.5M	-170.9M	-700.8K	0.27	9.24	N/A	N/A	8,816	2,416	143,366	76,582
2013-05-28	$23.26	$19.00	39.4%	11.3%	63.0%	28.7%	39.6%	1.2%	-2.1%	3.8M	-196.1M	-685.2K	0.38	9.25	N/A	N/A	6,883	2,613	148,830	78,479
2013-05-29	$23.16	$19.00	39.3%	11.3%	62.8%	28.4%	39.4%	0.9%	-1.6%	3.9M	-192.6M	-693.7K	0.85	10.08	N/A	N/A	932	794	152,126	79,303
2013-05-30	$23.35	$19.00	39.1%	11.2%	61.8%	28.0%	39.3%	1.4%	-1.7%	3.9M	-201.4M	-688.7K	0.14	8.75	N/A	N/A	1,887	263	152,253	79,578
2013-05-31	$22.99	$19.00	38.3%	11.0%	62.7%	25.6%	38.3%	1.5%	-1.3%	4.0M	-185.9M	-681.9K	0.89	9.86	N/A	N/A	1,376	1,229	152,051	79,793