EWC Options History — April 2008

In April 2008, EWC traded between $30.68 and $33.43. ATM implied volatility averaged 22.4%, placing in the 50.3% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 4.6% (HV 20d: 27.0%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 3.00.

Notable Days

  • 2008-04-22: Highest Volume — 2,797 contracts
  • 2008-04-03: Largest IV drop — 14.8% change
  • 2008-04-14: Highest IV Rank — 64.5%
  • 2008-04-14: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.11$30.68$33.43$30.68$32.46
Max Pain$27.05$25.00$30.00$30.00$30.00
ATM IV22.4%19.9%26.2%23.8%23.1%
Expected Move6.5%5.7%7.5%6.8%6.6%
HV 20d27.0%18.3%34.7%34.5%23.0%
HV 60d27.2%26.1%28.2%28.2%26.9%
IV Rank50.3%40.9%64.5%55.7%53.2%
IV Percentile54.1%34.5%80.6%66.7%59.9%
Term Structure1.2%-0.6%2.6%1.9%1.9%
VWIV23.4%16.6%30.3%25.0%22.2%
Skew 25d6.5%3.2%10.6%9.5%10.6%
Skew 10d10.2%-0.4%17.7%14.8%7.4%
Call IV 25d19.5%13.7%22.7%20.6%13.7%
Put IV 25d26.0%23.0%30.1%30.1%24.4%
Bid-Ask Spread %28.1620.8639.7239.7222.20
Gamma HHI0.200.120.250.240.23
Net GEX235.1K-152.4K680.3K-93.1K680.3K
Net DEX-9.9M-15.5M-3.2M-3.2M-15.3M
Net VEX-58.5K-79.5K-48.1K-55.7K-78.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.000.0046.500.540.42
Total Volume420.227342,7973751
Total OI14,843.63612,42416,82313,88616,823

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$30.68$30.0023.8%6.8%34.5%55.7%25.0%9.5%1.9%-93.1K-3.2M-55.7K0.5439.72N/AN/A24137,7986,088
2008-04-02$31.10$30.0025.2%7.2%34.7%60.9%23.2%7.1%0.1%-43.7K-5.0M-56.0K0.1425.51N/AN/A166237,8166,095
2008-04-03$31.51$30.0021.5%6.2%34.3%47.0%28.1%4.9%2.3%18.7K-7.3M-54.4K0.1024.09N/AN/A237247,9006,117
2008-04-04$31.62$25.0021.5%6.8%33.5%47.0%23.6%9.4%0.9%43.6K-7.6M-53.3K0.2537.75N/AN/A80207,8536,097
2008-04-07$31.63$25.0021.4%6.8%33.3%46.7%24.7%4.7%0.3%58.6K-7.9M-51.5K0.3429.89N/AN/A214737,8456,085
2008-04-08$31.68$25.0021.0%6.8%31.8%45.2%30.3%4.7%1.1%17.9K-7.8M-50.6K46.5030.81N/AN/A241,1167,8426,121
2008-04-09$31.58$25.0021.0%6.8%30.2%45.2%23.7%8.8%0.6%-72.1K-6.2M-55.5K0.5522.56N/AN/A22127,8457,109
2008-04-10$31.91$25.0023.1%6.6%30.4%52.9%25.6%10.5%1.5%40.1K-7.9M-53.5K7.4428.16N/AN/A9677,8417,111
2008-04-11$31.24$25.0025.1%7.2%30.9%60.6%23.6%7.6%1.0%-152.4K-4.9M-54.1K0.4821.43N/AN/A52257,8487,136
2008-04-14$31.48$25.0026.2%7.5%30.7%64.5%0.0%9.0%-0.6%-30.7K-6.2M-52.2K0.2427.86N/AN/A41107,8587,157
2008-04-15$31.77$25.0023.8%6.8%27.7%55.6%25.5%6.3%1.2%89.6K-7.6M-50.8K6.4132.00N/AN/A392507,8587,157
2008-04-16$32.98$25.0021.2%6.1%29.8%46.0%23.1%7.9%0.9%234.0K-11.8M-48.2K0.0031.60N/AN/A25807,8867,279
2008-04-17$32.74$25.0021.3%6.1%20.5%46.4%23.3%5.4%1.1%249.6K-11.1M-49.2K0.0135.27N/AN/A65787,9857,279
2008-04-18$33.15$25.0020.9%6.0%20.5%45.0%22.8%5.6%1.3%348.0K-14.2M-48.6K0.6932.36N/AN/A84588,5967,284
2008-04-21$33.41$25.0021.7%6.2%19.5%47.9%21.9%5.2%0.6%349.7K-12.1M-48.1K0.3820.86N/AN/A3621377,7624,662
2008-04-22$33.43$25.0021.9%6.3%18.3%48.6%19.4%3.2%1.3%374.9K-11.9M-48.1K0.0820.94N/AN/A2,5981997,7624,662
2008-04-23$32.51$30.0021.6%6.2%21.7%47.6%23.7%4.2%1.5%521.9K-12.5M-69.2K0.1323.41N/AN/A1,03013010,0054,891
2008-04-24$32.33$30.0022.9%6.6%21.9%52.2%0.0%4.8%1.5%596.3K-13.1M-77.2K0.1529.94N/AN/A2193310,9614,978
2008-04-25$32.65$30.0019.9%5.7%21.6%40.9%21.6%5.6%2.6%632.8K-14.6M-76.7K0.3533.07N/AN/A1003511,1635,009
2008-04-28$32.63$30.0021.3%6.1%21.6%46.3%20.0%3.8%1.8%636.0K-15.5M-75.9K0.0225.99N/AN/A5551011,2555,044
2008-04-29$31.99$30.0022.9%6.5%22.9%52.1%16.6%4.0%1.2%672.7K-12.9M-79.5K0.8424.09N/AN/A988211,6435,054
2008-04-30$32.46$30.0023.1%6.6%23.0%53.2%22.2%10.6%1.9%680.3K-15.3M-78.3K0.4222.20N/AN/A361511,6995,124