EWC Options History — April 2009

In April 2009, EWC traded between $16.99 and $18.93. ATM implied volatility averaged 39.1%, placing in the 30.2% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 4.3% (HV 20d: 43.4%). Max pain ranged from $16.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.33.

Notable Days

  • 2009-04-14: Highest Volume — 6,087 contracts
  • 2009-04-27: Largest IV spike — 20.7% change
  • 2009-04-02: Highest IV Rank — 34.7%
  • 2009-04-07: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.06$16.99$18.93$16.99$18.74
Max Pain$17.29$16.00$18.00$16.00$18.00
ATM IV39.1%34.8%42.9%42.4%36.8%
Expected Move11.4%10.0%13.0%12.2%10.5%
HV 20d43.4%36.4%48.7%48.7%36.4%
HV 60d47.5%45.2%50.4%50.4%45.8%
IV Rank30.2%25.1%34.7%34.1%27.4%
IV Percentile48.9%41.7%56.0%55.2%42.5%
Term Structure1.6%-1.1%5.7%1.3%3.8%
VWIV39.1%35.2%49.8%49.8%38.2%
Skew 25d7.3%1.6%10.7%9.3%5.1%
Skew 10d15.8%-1.5%28.8%19.0%16.6%
Call IV 25d36.5%32.2%42.6%39.6%35.3%
Put IV 25d43.8%39.4%49.4%48.9%40.4%
Bid-Ask Spread %25.6216.6442.0942.0923.22
Gamma HHI0.230.200.280.210.22
Net GEX632.2K187.8K1.0M187.8K950.2K
Net DEX-19.3M-28.9M-8.3M-8.3M-26.3M
Net VEX-138.3K-163.8K-121.2K-147.0K-121.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.005.414.000.02
Total Volume1,051.81256,087254,645
Total OI63,723.47661,18871,08761,19163,212

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$16.99$16.0042.4%12.2%48.7%34.1%49.8%9.3%1.3%187.8K-8.3M-147.0K4.0042.09N/AN/A52038,51722,674
2009-04-02$17.41$16.0042.9%12.3%46.4%34.7%40.0%6.7%-0.4%351.3K-13.3M-147.3K0.0637.43N/AN/A2,06911538,52122,667
2009-04-03$17.74$17.0037.6%12.0%46.4%28.3%41.9%6.9%1.3%415.6K-15.6M-150.6K0.9733.46N/AN/A11611340,54822,759
2009-04-06$17.55$17.0040.7%11.3%45.9%32.1%41.4%6.4%3.5%352.1K-13.5M-144.7K0.2625.91N/AN/A2366140,66322,807
2009-04-07$17.07$17.0041.1%13.0%44.8%32.6%0.0%6.8%-0.9%257.7K-10.7M-145.4K0.0826.60N/AN/A2962540,57622,857
2009-04-08$17.24$17.0038.8%12.3%44.7%29.9%39.6%10.7%1.5%277.6K-11.1M-138.6K0.5727.94N/AN/A613540,80222,882
2009-04-09$18.01$17.0037.7%10.8%44.9%28.5%36.9%8.6%4.9%534.1K-17.5M-140.8K0.5827.80N/AN/A865040,81222,917
2009-04-13$18.26$17.0040.0%11.5%44.9%31.2%38.5%5.5%1.6%700.2K-21.3M-141.4K0.0225.66N/AN/A1,6273540,87022,947
2009-04-14$18.08$17.0040.9%11.7%45.2%32.4%41.1%6.4%-0.4%717.7K-20.7M-142.2K0.0127.57N/AN/A6,0474042,10422,960
2009-04-15$18.39$17.0037.9%10.9%45.1%28.7%36.5%8.9%5.7%1.0M-26.9M-163.8K3.2323.93N/AN/A3110048,08723,000
2009-04-16$18.53$17.0039.4%11.3%44.3%30.5%38.6%5.6%1.3%759.0K-23.4M-143.8K0.0018.24N/AN/A4,5251142,00722,927
2009-04-17$18.64$17.0035.9%10.3%44.1%26.4%38.3%6.1%0.9%1.0M-28.9M-154.9K0.0121.46N/AN/A180246,50822,938
2009-04-20$17.68$17.0038.9%11.2%47.2%30.0%38.7%1.6%2.8%531.3K-16.3M-132.1K1.7520.01N/AN/A569841,86320,287
2009-04-21$17.96$18.0039.1%11.2%41.4%30.2%39.0%8.6%1.5%575.0K-17.1M-130.6K1.3628.98N/AN/A11415541,88620,385
2009-04-22$17.96$18.0038.7%11.1%40.7%29.7%36.7%10.1%3.1%588.2K-17.8M-129.8K0.0626.88N/AN/A115741,97020,540
2009-04-23$18.49$18.0039.3%11.3%41.8%30.4%37.3%9.7%0.9%698.5K-21.4M-128.5K4.4424.17N/AN/A167142,00520,537
2009-04-24$18.93$18.0034.8%10.0%41.9%25.1%35.2%6.5%2.2%898.5K-25.7M-128.1K0.7616.91N/AN/A846442,01820,598
2009-04-27$18.45$18.0042.1%12.1%41.9%33.7%35.9%10.1%-0.1%796.1K-23.1M-125.3K0.1516.64N/AN/A2513842,01320,650
2009-04-28$18.29$18.0039.6%11.4%36.8%30.8%38.5%8.0%-1.1%728.6K-20.6M-125.8K4.1918.14N/AN/A3113042,25320,657
2009-04-29$18.81$18.0036.3%10.4%37.5%26.8%39.6%5.7%0.5%922.4K-25.1M-123.1K5.4124.97N/AN/A5127642,27920,690
2009-04-30$18.74$18.0036.8%10.5%36.4%27.4%38.2%5.1%3.8%950.2K-26.3M-121.2K0.0223.22N/AN/A4,5766942,32620,886