EWC Options History — October 2007

In October 2007, EWC traded between $32.56 and $36.08. ATM implied volatility averaged 18.6%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 2.1% (HV 20d: 16.5%). Max pain ranged from $30.00 to $34.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.82.

Notable Days

  • 2007-10-09: Highest Volume — 1,991 contracts
  • 2007-10-02: Largest IV spike — 43.6% change
  • 2007-10-23: Highest IV Rank — 65.0%
  • 2007-10-23: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.85$32.56$36.08$33.15$36.08
Max Pain$32.83$30.00$34.00$30.00$34.00
ATM IV18.6%11.1%23.2%12.8%20.9%
Expected Move5.6%3.6%6.7%3.7%6.0%
HV 20d16.5%13.7%22.6%13.7%22.6%
HV 60d22.9%22.4%23.5%22.9%23.5%
IV Rank43.9%10.2%65.0%17.5%54.5%
IV Percentile60.8%4.7%89.2%9.1%76.6%
Term Structure0.9%-2.5%8.4%7.7%-0.6%
VWIV19.6%10.6%27.1%13.2%15.8%
Skew 25d4.5%2.0%10.0%2.0%3.3%
Skew 10d8.4%2.3%15.6%2.4%13.3%
Call IV 25d17.5%11.8%20.4%12.1%18.6%
Put IV 25d22.0%14.1%27.0%14.1%21.9%
Bid-Ask Spread %26.737.8142.477.8134.63
Gamma HHI0.300.200.430.340.20
Net GEX-205.2K-708.7K135.8K5.4K-92.5K
Net DEX-29.9M-44.4M-18.1M-30.1M-44.4M
Net VEX-131.0K-173.5K-86.7K-150.7K-86.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.006.820.620.08
Total Volume750.872391,9911,0971,153
Total OI43,866.34836,96947,33246,71839,480

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-10-01$33.15$30.0012.8%3.7%13.7%17.5%13.2%2.0%7.7%5.4K-30.1M-150.7K0.627.81N/AN/A67841916,41830,300
2007-10-02$32.89$30.0018.3%5.2%14.1%42.8%13.1%10.0%6.9%-506.9K-24.8M-164.0K0.3917.51N/AN/A39215116,49130,539
2007-10-03$32.56$30.0018.4%5.3%14.4%43.1%15.8%6.6%3.6%-606.6K-22.7M-167.4K0.9720.18N/AN/A30329316,53830,585
2007-10-04$32.95$30.0012.5%3.6%14.7%16.5%10.6%3.5%8.4%-708.7K-20.9M-173.5K0.009.52N/AN/A255016,39430,698
2007-10-05$33.58$33.0011.1%5.3%14.7%10.2%18.7%3.0%-0.8%135.8K-33.8M-132.7K0.1028.85N/AN/A8868516,40830,698
2007-10-08$33.43$33.0013.2%5.7%14.7%19.4%19.5%3.0%-1.3%69.5K-31.0M-135.7K0.1424.87N/AN/A4246115,97430,726
2007-10-09$33.59$33.0013.0%5.2%14.2%18.8%19.8%2.5%-0.4%86.9K-32.3M-126.9K0.1125.21N/AN/A1,79919215,81330,741
2007-10-10$33.77$33.0013.7%5.4%14.0%21.8%20.4%4.2%-1.2%82.6K-32.7M-120.4K0.2630.73N/AN/A41611015,52930,724
2007-10-11$33.72$33.0019.6%5.6%14.1%48.7%20.0%2.2%-2.5%66.7K-32.3M-125.2K0.8942.47N/AN/A29025715,55830,834
2007-10-12$34.23$33.0018.9%5.4%14.6%45.7%20.6%4.4%0.4%-131.8K-33.2M-123.1K0.4824.72N/AN/A51024715,59330,992
2007-10-15$33.73$33.0018.9%5.4%16.1%45.6%19.0%2.4%0.2%105.0K-33.0M-118.6K0.7432.89N/AN/A38728515,65331,063
2007-10-16$33.42$33.0021.2%6.1%14.3%55.8%21.9%3.8%-0.4%29.3K-28.9M-133.1K0.2027.47N/AN/A62212415,72431,305
2007-10-17$33.80$33.0019.9%5.7%14.3%50.0%23.3%3.4%0.6%52.5K-31.4M-126.3K5.3933.36N/AN/A1931,04115,78231,329
2007-10-18$34.47$33.0019.2%5.5%15.5%46.9%18.5%2.4%1.1%-74.7K-34.0M-120.3K0.0928.74N/AN/A2192015,76831,474
2007-10-19$33.56$33.0022.6%6.5%18.8%62.4%22.1%5.2%-1.8%-10.4K-29.6M-129.2K0.1325.63N/AN/A2963815,83831,494
2007-10-22$33.65$34.0020.2%5.8%18.8%51.4%19.0%6.6%2.8%-551.6K-18.1M-142.8K0.4030.53N/AN/A64125714,74722,222
2007-10-23$33.78$34.0023.2%6.7%18.8%65.0%23.4%6.8%-1.8%-407.3K-24.2M-133.7K0.4424.56N/AN/A23610514,96122,319
2007-10-24$33.82$34.0023.0%6.6%18.8%64.0%23.6%6.1%-0.4%-455.2K-22.9M-138.1K6.8228.12N/AN/A14095515,08922,403
2007-10-25$33.90$34.0022.3%6.4%18.6%61.0%27.1%6.3%-1.1%-570.6K-25.3M-128.1K0.1130.81N/AN/A3143515,15823,161
2007-10-26$34.54$34.0020.1%5.8%19.6%50.7%20.1%6.3%-0.2%-515.3K-30.4M-121.0K0.1134.19N/AN/A8599415,35223,186
2007-10-29$35.15$34.0021.1%6.1%20.0%55.5%21.1%3.2%0.1%-370.6K-37.1M-101.0K0.1930.74N/AN/A1,01419415,35223,186
2007-10-30$34.81$34.0022.5%6.4%20.1%61.7%23.5%5.4%0.7%-352.4K-34.1M-115.4K0.0921.28N/AN/A2562415,99023,337
2007-10-31$36.08$34.0020.9%6.0%22.6%54.5%15.8%3.3%-0.6%-92.5K-44.4M-86.7K0.0834.63N/AN/A1,0658816,14123,339