EWC Options History — March 2013

In March 2013, EWC traded between $28.19 and $28.67. ATM implied volatility averaged 12.5%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 2.8% (HV 20d: 9.7%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.80.

Notable Days

  • 2013-03-11: Highest Volume — 3,595 contracts
  • 2013-03-28: Largest IV drop — 16.5% change
  • 2013-03-05: Highest IV Rank — 20.8%
  • 2013-03-04: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.38$28.19$28.67$28.30$28.51
Max Pain$28.55$28.00$29.00$28.00$28.00
ATM IV12.5%10.7%14.8%13.9%10.8%
Expected Move3.6%3.1%4.2%4.0%3.1%
HV 20d9.7%8.8%10.8%9.7%9.3%
HV 60d9.6%9.1%10.0%9.4%9.5%
IV Rank9.5%0.5%20.8%16.5%0.6%
IV Percentile10.8%0.4%23.8%18.3%0.8%
Term Structure1.1%-0.1%2.5%0.3%0.3%
VWIV12.0%7.6%14.9%7.6%12.8%
Skew 25d2.0%-1.6%5.1%3.9%1.2%
Skew 10d3.0%-1.9%10.0%2.6%0.8%
Call IV 25d10.4%6.2%12.3%9.0%10.1%
Put IV 25d12.5%10.1%16.8%12.9%11.4%
Bid-Ask Spread %18.8013.6934.0715.7319.82
Gamma HHI0.430.340.540.380.45
Net GEX1.0M681.4K1.5M780.7K1.3M
Net DEX-4.4M-7.7M-2.0M-2.5M-6.3M
Net VEX-38.8K-53.8K-22.2K-24.4K-51.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.003.210.190.25
Total Volume380.353,595435
Total OI9,471.357,65112,6717,65110,381

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-03-01$28.30$28.0013.9%4.0%9.7%16.5%7.6%3.9%0.3%780.7K-2.5M-24.4K0.1915.73N/AN/A3675,9031,748
2013-03-04$28.19$29.0014.3%4.2%9.2%18.6%14.9%4.5%-0.1%681.4K-2.0M-22.9K0.0016.63N/AN/A1805,9371,748
2013-03-05$28.22$29.0014.8%4.0%9.1%20.8%13.9%3.6%0.2%732.3K-2.1M-22.2K0.7520.09N/AN/A63475,9451,748
2013-03-06$28.29$29.0014.7%4.0%8.9%20.3%0.0%4.4%0.4%785.0K-2.5M-23.5K0.2834.07N/AN/A40115,9381,791
2013-03-07$28.37$29.0013.0%3.9%8.9%11.9%11.4%4.2%0.7%788.8K-2.5M-22.3K0.8814.67N/AN/A33295,9751,802
2013-03-08$28.38$29.0011.4%3.8%8.8%3.7%12.1%4.4%0.7%831.7K-2.8M-23.4K2.8515.99N/AN/A481375,9881,788
2013-03-11$28.52$29.0010.7%3.1%9.0%0.5%10.6%5.1%2.5%947.0K-2.9M-22.7K0.0014.22N/AN/A3,59506,0201,861
2013-03-12$28.57$29.0011.3%3.1%9.0%3.5%10.9%4.6%2.0%980.5K-3.6M-25.3K0.0815.45N/AN/A137116,2171,861
2013-03-13$28.22$29.0012.7%3.9%9.7%10.5%0.0%-1.5%0.9%912.3K-3.6M-36.0K0.0125.73N/AN/A2,116218,8981,870
2013-03-14$28.53$29.0011.0%3.2%10.7%1.8%12.0%3.9%2.2%1.5M-6.6M-50.1K0.4718.89N/AN/A643010,8691,802
2013-03-15$28.67$29.0011.1%3.2%10.8%2.3%11.0%2.8%2.1%1.5M-7.7M-53.8K0.2817.00N/AN/A471310,1991,826
2013-03-18$28.41$29.0012.2%3.5%10.8%7.9%12.3%0.7%1.4%975.8K-5.3M-49.5K0.0513.69N/AN/A634318,4261,033
2013-03-19$28.27$28.0013.5%3.9%10.8%14.4%12.6%-1.6%0.7%1.0M-5.1M-48.6K3.2114.09N/AN/A14459,0591,042
2013-03-20$28.45$28.0012.4%3.6%10.2%8.8%12.4%1.0%1.6%1.2M-6.1M-52.2K0.0921.95N/AN/A8079,0581,085
2013-03-21$28.30$28.0012.8%3.7%10.2%11.1%13.1%-0.6%1.4%1.1M-5.9M-52.2K0.5019.57N/AN/A1479,1311,090
2013-03-22$28.38$28.0013.0%3.7%10.2%12.0%12.8%0.7%0.4%1.1M-5.4M-48.6K2.4916.87N/AN/A411029,1451,089
2013-03-25$28.20$28.0012.2%3.5%9.5%7.9%12.2%-1.0%0.9%1.0M-4.8M-48.0K2.8218.28N/AN/A17489,1841,180
2013-03-26$28.41$28.0011.6%3.3%9.8%4.8%11.4%0.3%1.6%1.2M-5.4M-49.7K0.5022.51N/AN/A1059,1711,219
2013-03-27$28.38$28.0012.9%3.7%9.3%11.2%12.8%0.5%0.7%1.1M-5.4M-48.5K0.3020.79N/AN/A33109,1811,219
2013-03-28$28.51$28.0010.8%3.1%9.3%0.6%0.0%1.2%0.3%1.3M-6.3M-51.4K0.2519.82N/AN/A419,1641,217