EWC Options History — July 2009

In July 2009, EWC traded between $19.87 and $24.20. ATM implied volatility averaged 31.8%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 2.8% (HV 20d: 34.7%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2009-07-29: Highest Volume — 27,381 contracts
  • 2009-07-02: Largest IV spike — 12.8% change
  • 2009-07-08: Highest IV Rank — 23.1%
  • 2009-07-07: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.16$19.87$24.20$21.73$24.20
Max Pain$21.09$21.00$22.00$22.00$21.00
ATM IV31.8%27.5%37.7%28.5%30.6%
Expected Move9.2%7.9%10.9%8.2%8.8%
HV 20d34.7%32.0%39.2%34.4%32.3%
HV 60d39.5%37.9%40.6%40.1%37.9%
IV Rank15.6%10.0%23.1%11.3%14.0%
IV Percentile21.6%12.3%40.1%18.7%15.9%
Term Structure2.2%-1.1%4.6%4.6%1.9%
VWIV32.2%28.1%38.0%28.4%30.4%
Skew 25d4.5%1.4%6.9%5.0%1.4%
Skew 10d8.8%-2.4%20.4%10.1%4.1%
Call IV 25d30.2%26.0%36.0%27.8%28.9%
Put IV 25d34.7%30.0%40.1%32.8%30.3%
Bid-Ask Spread %28.9620.7237.4430.1526.43
Gamma HHI0.320.240.520.290.42
Net GEX436.8K-2.0M1.5M154.0K1.3M
Net DEX-27.3M-48.4M3.7M-22.2M-48.4M
Net VEX-104.6K-220.6K-81.5K-117.7K-220.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.013.463.460.10
Total Volume1,978.5457527,3811743,818
Total OI54,621.54541,55569,12457,56669,124

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$21.73$22.0028.5%8.2%34.4%11.3%28.4%5.0%4.6%154.0K-22.2M-117.7K3.4630.15N/AN/A3913536,02221,544
2009-07-02$21.26$22.0032.1%9.2%33.7%16.0%33.4%3.9%2.4%-220.5K-15.6M-113.4K0.0220.72N/AN/A317536,05221,474
2009-07-06$20.85$21.0035.7%10.0%34.0%20.5%34.4%4.7%1.7%-485.3K-8.9M-98.0K0.1928.98N/AN/A5099936,32421,449
2009-07-07$20.30$21.0037.6%10.9%34.9%23.0%38.0%2.1%-1.1%-687.3K-2.5M-96.6K1.8426.17N/AN/A21940236,79922,921
2009-07-08$19.87$21.0037.7%10.8%34.5%23.1%37.1%2.9%1.3%-527.3K3.7M-92.2K0.6124.07N/AN/A46528536,88223,315
2009-07-09$20.24$21.0033.6%10.6%35.7%17.9%35.2%5.6%-0.1%-874.3K277.7K-96.7K1.6832.58N/AN/A284737,14523,558
2009-07-10$20.03$21.0035.6%10.6%34.8%20.5%36.4%5.9%1.4%-776.2K3.0M-89.2K1.7137.44N/AN/A457737,16523,542
2009-07-13$20.53$21.0032.4%10.0%36.5%16.3%33.7%6.6%0.2%-1.4M-1.7M-93.6K0.5829.37N/AN/A673937,19823,605
2009-07-14$21.12$21.0032.2%9.9%36.0%16.1%34.2%4.8%1.3%-2.0M-12.6M-87.3K0.4829.17N/AN/A32715837,22123,604
2009-07-15$22.04$21.0034.3%9.6%39.2%18.7%33.9%6.2%1.3%385.4K-34.7M-92.0K0.6129.83N/AN/A1,08066239,79123,545
2009-07-16$22.23$21.0031.9%9.1%38.4%15.7%33.2%4.1%3.1%1.4M-39.2M-91.8K0.3426.75N/AN/A34511740,54123,372
2009-07-17$22.41$21.0031.9%9.2%38.5%15.7%29.1%5.2%2.3%1.5M-40.5M-89.8K0.0430.48N/AN/A7782940,42223,440
2009-07-20$22.94$21.0031.6%9.1%39.0%15.3%30.9%6.9%3.2%1.2M-38.4M-91.0K0.0134.21N/AN/A1,118630,10011,455
2009-07-21$22.84$21.0030.8%8.8%32.2%14.3%29.4%6.1%2.6%1.2M-38.5M-93.5K0.4130.78N/AN/A25210330,78211,456
2009-07-22$22.94$21.0029.4%8.4%32.2%12.5%29.1%3.0%4.5%1.3M-39.2M-92.4K0.1533.79N/AN/A5257730,80411,488
2009-07-23$23.69$21.0029.2%8.4%33.0%12.2%31.9%4.0%2.7%1.4M-45.4M-89.9K0.2823.60N/AN/A1,55843330,69911,517
2009-07-24$23.82$21.0027.5%7.9%32.1%10.0%28.1%4.0%3.7%1.4M-46.3M-86.7K0.0623.80N/AN/A1,1767030,43811,864
2009-07-27$23.99$21.0028.7%8.2%32.0%11.6%29.2%3.8%3.4%1.5M-47.1M-83.3K0.4126.26N/AN/A2219030,07511,897
2009-07-28$23.58$21.0028.8%8.3%32.9%11.7%29.8%5.9%2.3%1.4M-43.4M-83.6K0.1529.01N/AN/A2864330,06111,924
2009-07-29$23.15$21.0030.6%8.8%32.8%14.0%30.0%3.3%3.5%1.3M-39.9M-81.5K1.5136.06N/AN/A10,90616,47530,06211,911
2009-07-30$23.76$21.0029.3%8.4%33.5%12.4%31.5%4.3%2.6%1.1M-42.2M-220.5K1.4927.41N/AN/A395840,74128,345
2009-07-31$24.20$21.0030.6%8.8%32.3%14.0%30.4%1.4%1.9%1.3M-48.4M-220.6K0.1026.43N/AN/A3,48033840,72428,400