EWC Options History — October 2008

In October 2008, EWC traded between $15.79 and $26.15. ATM implied volatility averaged 69.4%, placing in the 76.1% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded below realized volatility by 8.5% (HV 20d: 77.9%). Max pain ranged from $17.00 to $29.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 2.99.

Notable Days

  • 2008-10-15: Highest Volume — 13,583 contracts
  • 2008-10-06: Largest IV spike — 26.1% change
  • 2008-10-06: Highest IV Rank — 100.0%
  • 2008-10-27: Largest Expected Move — 22.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.87$15.79$26.15$26.15$19.18
Max Pain$21.78$17.00$29.00$29.00$18.00
ATM IV69.4%46.1%97.5%46.1%60.5%
Expected Move18.3%13.2%22.7%13.2%17.3%
HV 20d77.9%52.8%98.3%52.8%98.3%
HV 60d53.3%36.4%67.1%36.4%67.1%
IV Rank76.1%50.7%100.0%71.2%55.8%
IV Percentile97.7%93.7%100.0%99.6%93.7%
Term Structure-4.1%-11.1%0.5%-4.5%-3.1%
VWIV61.4%36.3%83.7%47.8%54.4%
Skew 25d13.5%2.6%31.0%9.0%16.9%
Skew 10d32.2%1.9%53.2%33.6%46.7%
Call IV 25d56.2%42.6%71.4%42.6%51.8%
Put IV 25d69.7%51.6%85.3%51.6%68.7%
Bid-Ask Spread %42.9621.2766.4544.9529.85
Gamma HHI0.220.130.520.170.21
Net GEX-130.3K-310.9K88.1K-293.3K-129.9K
Net DEX23.1M12.3M30.8M12.3M19.6M
Net VEX-108.1K-180.6K-73.6K-180.6K-95.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.990.1127.240.670.37
Total Volume2,028.2175913,58322559
Total OI54,533.78340,14267,44341,46862,493

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$26.15$29.0046.1%13.2%52.8%71.2%47.8%9.0%-4.5%-293.3K12.3M-180.6K0.6744.95N/AN/A1359021,61719,851
2008-10-02$24.01$29.0055.4%15.9%59.3%90.2%54.0%5.6%-7.2%-252.1K21.9M-145.8K1.3260.07N/AN/A9212121,68019,896
2008-10-03$23.53$29.0056.6%16.2%59.1%92.6%56.0%8.0%-6.0%-235.0K23.3M-138.9K0.2759.08N/AN/A2155721,74119,933
2008-10-06$22.33$26.0071.4%14.9%61.0%100.0%50.7%2.9%0.5%-117.0K28.9M-107.0K11.0657.08N/AN/A1341,48221,94619,946
2008-10-07$21.04$26.0071.7%16.0%62.2%100.0%53.1%5.8%-1.2%-61.6K27.5M-83.1K0.3444.80N/AN/A1184022,03418,382
2008-10-08$21.56$25.0073.1%16.2%61.9%100.0%36.3%4.7%-3.1%-56.2K26.8M-88.7K1.5832.37N/AN/A5,1238,09422,08818,054
2008-10-09$19.92$26.0082.8%20.3%65.4%100.0%43.0%11.7%-11.1%-32.6K22.9M-101.4K3.3845.16N/AN/A5518627,13721,363
2008-10-10$18.85$26.0097.5%21.8%65.3%100.0%73.2%6.0%-7.0%-15.6K23.0M-98.9K0.2766.45N/AN/A3,05882227,13721,117
2008-10-13$21.18$21.0085.5%18.8%80.2%85.6%66.1%14.8%-3.8%88.1K15.7M-133.8K1.7142.49N/AN/A24241430,13021,276
2008-10-14$20.40$21.0088.6%18.6%80.4%89.3%56.6%16.3%-4.2%73.3K17.7M-119.6K10.9732.53N/AN/A3383,70830,26321,003
2008-10-15$18.75$21.0070.8%20.2%84.0%68.0%71.3%16.7%-2.8%53.1K21.1M-97.9K0.6231.42N/AN/A8,3645,21930,45820,887
2008-10-16$18.80$19.0073.4%21.1%82.9%71.2%76.2%17.2%-6.7%-22.1K22.3M-127.6K1.0632.53N/AN/A55258738,80928,634
2008-10-17$19.07$19.0067.1%19.2%76.8%63.6%83.7%17.3%-1.3%-52.2K20.0M-122.1K27.2439.92N/AN/A1875,09431,25728,537
2008-10-20$20.29$19.0056.3%16.1%81.8%50.7%62.0%15.6%-2.7%-80.5K17.9M-127.0K1.3144.72N/AN/A16922130,25532,989
2008-10-21$19.18$19.0060.4%17.3%82.9%55.6%60.0%15.8%-2.6%-147.7K22.0M-113.2K0.1331.34N/AN/A1351730,34332,840
2008-10-22$17.56$19.0065.3%18.7%86.0%61.6%63.1%14.5%-0.2%-242.6K28.2M-91.9K0.3939.74N/AN/A1666530,45632,847
2008-10-23$17.66$19.0060.0%17.2%86.3%55.2%63.4%18.5%-0.0%-255.2K28.2M-88.7K0.3424.73N/AN/A2909930,43932,504
2008-10-24$17.19$19.0074.1%21.2%86.3%72.0%75.2%20.6%-8.1%-256.9K28.8M-86.4K0.9621.27N/AN/A13813230,51432,455
2008-10-27$15.79$18.0079.0%22.7%87.3%77.9%72.3%2.6%-8.9%-310.9K30.8M-73.6K0.6565.23N/AN/A553630,64032,538
2008-10-28$17.19$18.0070.0%20.1%94.4%67.1%68.1%31.0%-7.1%-290.0K29.7M-79.8K0.2235.23N/AN/A1423130,64732,537
2008-10-29$18.13$17.0068.0%19.5%97.9%64.7%64.3%18.8%-2.6%-207.8K23.3M-83.8K3.9054.50N/AN/A4216430,75431,475
2008-10-30$19.25$18.0062.6%17.9%98.3%58.2%60.3%19.3%-1.1%-152.2K20.3M-101.3K0.1152.63N/AN/A1451630,76931,606
2008-10-31$19.18$18.0060.5%17.3%98.3%55.8%54.4%16.9%-3.1%-129.9K19.6M-95.7K0.3729.85N/AN/A431630,88831,605