EWC Options History — February 2008

In February 2008, EWC traded between $29.56 and $32.95. ATM implied volatility averaged 23.3%, placing in the 54.0% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 0.5% (HV 20d: 23.9%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.71.

Notable Days

  • 2008-02-13: Highest Volume — 993 contracts
  • 2008-02-14: Largest IV spike — 45.4% change
  • 2008-02-06: Highest IV Rank — 73.2%
  • 2008-02-11: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.93$29.56$32.95$30.92$32.01
Max Pain$31.90$30.00$32.00$30.00$32.00
ATM IV23.3%16.7%28.5%22.9%22.3%
Expected Move6.9%5.5%8.1%6.6%6.4%
HV 20d23.9%19.0%27.6%27.0%23.6%
HV 60d24.1%22.0%27.4%27.4%22.8%
IV Rank54.0%29.2%73.2%52.4%50.1%
IV Percentile69.9%38.9%94.4%71.4%62.7%
Term Structure0.9%-2.1%4.6%0.8%0.9%
VWIV23.9%18.9%28.5%25.7%21.4%
Skew 25d7.9%2.0%12.6%7.2%5.1%
Skew 10d16.8%4.6%27.1%9.4%22.4%
Call IV 25d20.9%17.0%25.1%20.2%19.8%
Put IV 25d28.8%23.2%35.9%27.4%24.9%
Bid-Ask Spread %22.7314.2041.4733.4218.69
Gamma HHI0.280.230.360.270.32
Net GEX-268.9K-417.7K-126.6K-241.5K-368.6K
Net DEX2.0M-8.4M7.9M2.5M-2.9M
Net VEX-67.9K-75.0K-64.3K-75.0K-69.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.022.310.251.03
Total Volume221.8543993199126
Total OI18,423.2518,07618,91218,16918,779

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$30.92$30.0022.9%6.6%27.0%52.4%25.7%7.2%0.8%-241.5K2.5M-75.0K0.2533.42N/AN/A1594010,0458,124
2008-02-04$30.40$32.0020.6%7.5%26.3%43.9%25.5%4.1%1.1%-230.2K966.4K-73.5K0.5621.89N/AN/A965410,0658,139
2008-02-05$29.76$32.0028.0%8.0%26.8%71.5%28.5%10.4%-1.5%-207.7K7.1M-66.1K0.0724.64N/AN/A1441010,0968,143
2008-02-06$29.84$32.0028.5%7.9%26.8%73.2%26.4%8.1%0.4%-184.6K7.4M-65.5K0.2222.81N/AN/A952110,1528,143
2008-02-07$29.56$32.0027.7%7.8%26.9%70.4%26.4%11.4%-0.2%-184.6K7.9M-64.3K0.1826.07N/AN/A1192210,1658,163
2008-02-08$30.04$32.0027.3%7.8%27.6%68.9%26.0%12.0%-0.5%-221.0K5.8M-68.1K0.3721.35N/AN/A381410,2438,181
2008-02-11$30.35$32.0026.7%8.1%27.4%66.3%0.0%12.0%-2.1%-255.9K4.9M-67.8K0.0225.16N/AN/A91210,2458,187
2008-02-12$30.29$32.0023.8%7.6%27.2%55.6%24.2%12.6%-0.2%-306.4K5.6M-65.7K0.4920.72N/AN/A26413010,2958,189
2008-02-13$30.83$32.0016.7%6.7%26.1%29.2%25.0%12.2%1.8%-417.7K3.4M-68.3K2.3124.08N/AN/A30069310,3978,249
2008-02-14$30.58$32.0024.3%7.0%24.2%57.5%24.7%2.0%1.4%-293.4K3.6M-70.9K1.9214.20N/AN/A387310,5178,376
2008-02-15$30.38$32.0026.4%7.6%21.5%65.4%26.5%11.0%1.5%-216.0K5.1M-68.6K1.0524.03N/AN/A212210,5408,372
2008-02-19$30.50$32.0025.5%7.3%21.4%62.2%23.3%3.1%-0.6%-294.6K4.4M-64.6K0.1816.63N/AN/A761410,0738,003
2008-02-20$31.03$32.0022.5%6.5%21.7%51.0%23.8%9.8%0.2%-327.9K3.1M-65.8K1.7520.29N/AN/A366310,1258,006
2008-02-21$31.01$32.0021.8%6.2%21.6%48.2%20.9%4.0%1.9%-330.1K2.0M-67.2K0.0815.03N/AN/A1521210,1378,047
2008-02-22$31.17$32.0023.8%6.8%19.0%55.9%23.7%9.6%0.3%-367.8K2.4M-66.5K0.1041.47N/AN/A67710,1638,046
2008-02-25$31.95$32.0019.8%5.7%20.5%40.7%22.4%6.6%2.4%-361.3K-2.5M-66.0K1.5614.94N/AN/A12719810,1688,045
2008-02-26$32.53$32.0019.4%5.6%21.0%39.2%19.3%6.3%1.6%-232.2K-6.2M-66.9K1.6523.33N/AN/A19732510,2168,206
2008-02-27$32.53$32.0019.4%5.6%20.2%39.1%18.9%4.6%3.7%-209.5K-6.4M-69.3K0.1226.24N/AN/A2973610,2728,448
2008-02-28$32.95$32.0019.3%5.5%20.4%38.8%21.9%5.6%4.6%-126.6K-8.4M-68.6K0.3419.62N/AN/A1926610,2568,449
2008-02-29$32.01$32.0022.3%6.4%23.6%50.1%21.4%5.1%0.9%-368.6K-2.9M-69.5K1.0318.69N/AN/A626410,3038,476