EWC Options History — November 2007

In November 2007, EWC traded between $31.21 and $36.42. ATM implied volatility averaged 26.1%, placing in the 67.9% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 7.4% (HV 20d: 33.5%). Max pain ranged from $31.00 to $34.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.47.

Notable Days

  • 2007-11-15: Highest Volume — 7,729 contracts
  • 2007-11-08: Largest IV spike — 39.4% change
  • 2007-11-12: Highest IV Rank — 100.0%
  • 2007-11-21: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.24$31.21$36.42$35.13$31.91
Max Pain$31.76$31.00$34.00$34.00$32.00
ATM IV26.1%18.8%35.7%19.5%23.6%
Expected Move7.4%5.6%8.4%5.6%6.8%
HV 20d33.5%25.1%39.4%25.1%36.0%
HV 60d25.5%23.1%27.4%23.9%27.1%
IV Rank67.9%44.9%100.0%48.2%54.9%
IV Percentile90.6%66.4%100.0%70.0%84.8%
Term Structure1.7%-1.2%5.9%3.2%3.8%
VWIV25.3%19.6%29.0%20.0%21.5%
Skew 25d5.5%1.5%8.0%1.5%8.0%
Skew 10d13.4%5.5%21.2%11.1%13.1%
Call IV 25d24.0%19.8%28.3%21.2%21.2%
Put IV 25d29.5%22.7%33.2%22.7%29.2%
Bid-Ask Spread %38.6519.6383.9744.5125.46
Gamma HHI0.250.180.330.210.29
Net GEX-830.5K-1.7M16.1K-270.8K-1.5M
Net DEX-14.4M-50.2M11.8M-38.7M-2.0M
Net VEX-152.2K-192.0K-92.6K-113.7K-164.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.0612.580.381.01
Total Volume1,401.6191737,729963173
Total OI46,560.14340,07252,11540,07251,209

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-11-01$35.13$34.0019.5%5.6%25.1%48.2%20.0%1.5%3.2%-270.8K-38.7M-113.7K0.3844.51N/AN/A69626716,67523,397
2007-11-02$35.91$34.0022.3%6.4%25.4%60.6%24.8%4.5%0.2%-197.1K-42.4M-111.6K0.8133.80N/AN/A55845117,00123,632
2007-11-05$35.65$31.0021.9%6.5%25.5%59.0%19.6%6.4%2.8%-202.6K-42.4M-109.5K0.3320.18N/AN/A1,69856617,28523,728
2007-11-06$36.42$31.0020.9%6.6%26.3%54.6%23.7%5.3%0.8%16.1K-50.2M-92.6K0.1019.63N/AN/A8248217,97324,086
2007-11-07$35.55$31.0018.8%6.6%28.2%44.9%22.7%6.2%2.7%-78.6K-45.5M-107.8K0.1455.51N/AN/A1,49420918,28124,045
2007-11-08$35.00$31.0026.2%7.3%28.9%78.4%25.1%7.1%0.9%-130.1K-40.9M-125.5K0.3246.53N/AN/A1,02432519,10924,180
2007-11-09$34.24$31.0027.7%8.0%29.6%85.4%26.9%6.2%-0.8%-449.4K-31.6M-145.5K0.2130.77N/AN/A62012919,68324,322
2007-11-12$32.67$31.0035.7%7.9%33.7%100.0%28.8%6.6%-0.7%-453.2K-11.7M-156.9K0.2830.62N/AN/A2,18761519,83724,415
2007-11-13$33.46$31.0025.5%7.8%34.7%62.0%26.9%5.7%-0.9%-690.8K-18.1M-151.3K0.5642.15N/AN/A40022320,27524,634
2007-11-14$33.26$31.0031.2%7.8%34.5%83.4%25.6%6.9%0.5%-701.8K-17.8M-148.1K0.4637.14N/AN/A33115320,17724,723
2007-11-15$31.90$31.0027.5%7.9%36.5%69.4%27.1%5.4%1.0%-185.2K-1.3M-157.1K12.5837.82N/AN/A5697,16020,22624,667
2007-11-16$32.33$32.0027.5%7.9%35.9%69.5%25.1%5.6%1.3%-969.9K3.4M-179.5K6.5336.32N/AN/A3122,03620,47531,640
2007-11-19$31.52$32.0028.2%8.1%36.8%72.1%26.7%5.3%0.8%-1.2M4.9M-178.3K0.0628.25N/AN/A3081819,22928,778
2007-11-20$32.01$32.0025.3%7.3%37.4%61.4%23.6%6.2%5.9%-1.3M-1.6M-172.3K4.6063.30N/AN/A5582,56919,30728,735
2007-11-21$31.21$32.0029.4%8.4%38.2%76.5%26.6%5.1%3.6%-1.4M10.2M-192.0K0.2040.69N/AN/A3847719,59231,231
2007-11-23$31.85$32.0026.2%7.5%39.1%64.7%25.9%5.5%4.6%-1.4M4.2M-190.9K0.1856.32N/AN/A2975219,64431,186
2007-11-26$31.93$32.0028.6%8.2%38.3%73.5%29.0%2.0%1.4%-1.7M11.2M-180.7K0.7083.97N/AN/A38326719,90531,194
2007-11-27$31.42$32.0029.4%8.4%37.7%76.5%26.8%3.7%2.8%-1.6M11.8M-178.9K0.3325.95N/AN/A37812619,93631,292
2007-11-28$32.30$32.0026.1%7.5%39.4%64.4%26.6%6.8%2.6%-1.3M-5.0M-171.4K0.5928.60N/AN/A37322119,86131,130
2007-11-29$32.41$32.0027.0%7.7%36.7%67.6%28.0%4.5%-1.2%-1.6M-3.0K-167.9K0.4424.08N/AN/A2239819,82231,246
2007-11-30$31.91$32.0023.6%6.8%36.0%54.9%21.5%8.0%3.8%-1.5M-2.0M-164.7K1.0125.46N/AN/A868719,92431,285