EWC Options History — April 2010

In April 2010, EWC traded between $28.04 and $28.85. ATM implied volatility averaged 19.6%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.8% (HV 20d: 14.8%). Max pain ranged from $25.00 to $28.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 7.15.

Notable Days

  • 2010-04-06: Highest Volume — 10,232 contracts
  • 2010-04-13: Largest IV spike — 87.2% change
  • 2010-04-27: Highest IV Rank — 41.7%
  • 2010-04-27: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.49$28.04$28.85$28.42$28.23
Max Pain$27.24$25.00$28.00$27.00$28.00
ATM IV19.6%11.2%25.0%17.3%23.7%
Expected Move6.0%5.0%6.9%5.0%6.8%
HV 20d14.8%12.8%18.8%13.5%18.4%
HV 60d18.4%17.4%19.1%19.1%18.4%
IV Rank21.2%0.0%41.7%0.0%40.2%
IV Percentile8.8%0.0%26.6%0.0%25.0%
Term Structure1.4%0.2%4.9%4.9%1.5%
VWIV21.8%16.7%26.5%16.7%22.5%
Skew 25d4.4%-0.6%6.7%-0.6%1.8%
Skew 10d10.7%-2.8%17.6%-0.3%-2.8%
Call IV 25d18.8%16.1%21.7%16.1%21.7%
Put IV 25d23.1%15.5%25.5%15.5%23.5%
Bid-Ask Spread %27.5819.8737.0421.4732.18
Gamma HHI0.380.320.460.340.36
Net GEX-269.7K-865.6K811.7K758.1K-799.4K
Net DEX-27.6M-35.6M-17.6M-31.4M-24.0M
Net VEX-186.4K-207.4K-164.6K-176.5K-182.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.150.03111.440.740.65
Total Volume1,219.2387410,23281589
Total OI54,377.23842,46860,89242,46860,892

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-04-01$28.42$27.0017.3%5.0%13.5%0.0%16.7%-0.6%4.9%758.1K-31.4M-176.5K0.7421.47N/AN/A46834722,88819,580
2010-04-05$28.63$25.0017.9%6.0%12.8%2.5%20.0%4.7%0.2%785.5K-34.7M-171.7K0.1935.01N/AN/A1973723,28619,889
2010-04-06$28.61$25.0017.9%5.7%12.9%2.2%24.0%4.2%1.8%811.7K-35.6M-166.1K111.4437.04N/AN/A9110,14123,46119,883
2010-04-07$28.37$27.0019.1%6.4%13.3%7.0%20.4%4.7%0.6%-268.5K-24.5M-207.4K2.5323.46N/AN/A38898023,47229,964
2010-04-08$28.46$27.0020.6%6.4%13.3%13.3%22.7%5.0%1.1%-232.4K-26.1M-203.6K1.8325.44N/AN/A5810623,47229,964
2010-04-09$28.62$27.0016.3%5.8%13.4%0.0%23.2%4.4%1.1%-261.2K-28.4M-197.3K0.2424.81N/AN/A1212923,75230,476
2010-04-12$28.57$27.0013.4%5.9%13.3%0.0%21.3%5.0%0.9%-266.8K-28.7M-196.2K0.8526.29N/AN/A827023,78530,489
2010-04-13$28.48$27.0025.0%6.4%13.4%40.2%22.8%3.8%0.6%-287.9K-26.5M-199.0K0.5325.51N/AN/A934923,80730,559
2010-04-14$28.78$27.0011.2%5.7%13.0%0.0%20.1%5.3%1.3%-257.8K-33.1M-186.9K0.1020.24N/AN/A1992023,80630,596
2010-04-15$28.74$27.0020.2%5.8%12.9%28.9%21.2%4.5%0.9%-256.5K-32.9M-186.1K0.1522.18N/AN/A661023,94430,600
2010-04-16$28.07$27.0021.3%6.1%15.2%32.6%23.3%5.2%1.4%80.6K-20.7M-201.8K3.6624.17N/AN/A3621,32423,82830,590
2010-04-19$28.11$27.0020.7%5.9%15.0%30.7%22.6%6.0%2.3%-628.9K-17.6M-191.3K0.9825.96N/AN/A49948722,20629,747
2010-04-20$28.64$28.0019.0%5.4%16.2%25.1%23.8%3.7%0.7%-376.8K-27.8M-179.5K5.7225.18N/AN/A8815,04022,47530,182
2010-04-21$28.57$28.0019.0%5.4%16.0%25.0%0.0%4.8%1.6%-614.7K-27.5M-186.5K1.1729.43N/AN/A546323,30235,058
2010-04-22$28.65$28.0019.4%5.5%14.7%26.3%19.4%5.3%2.0%-599.9K-29.2M-177.1K11.6132.96N/AN/A3338323,31935,073
2010-04-23$28.77$28.0020.9%6.0%14.7%31.3%20.1%4.4%0.3%-447.9K-30.4M-175.6K0.0333.12N/AN/A72223,34335,080
2010-04-26$28.85$28.0019.7%5.6%14.6%27.3%20.1%4.2%2.5%-428.3K-33.1M-164.6K0.4419.87N/AN/A69530823,40935,080
2010-04-27$28.04$28.0024.2%6.9%17.8%41.7%26.5%4.9%0.5%-836.4K-19.6M-192.0K5.8336.26N/AN/A1801,04924,07435,332
2010-04-28$28.11$28.0023.7%6.8%17.8%40.3%24.0%6.7%1.0%-865.6K-20.0M-194.5K1.1532.57N/AN/A17119624,18236,314
2010-04-29$28.62$28.0020.9%6.0%18.8%31.3%21.4%4.0%1.4%-670.6K-28.2M-177.3K0.2626.00N/AN/A1303424,27236,491
2010-04-30$28.23$28.0023.7%6.8%18.4%40.2%22.5%1.8%1.5%-799.4K-24.0M-182.6K0.6532.18N/AN/A543524,37136,521