EWC Options History — April 2013

In April 2013, EWC traded between $26.45 and $28.46. ATM implied volatility averaged 13.6%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 3.5% (HV 20d: 17.1%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 6.18.

Notable Days

  • 2013-04-17: Highest Volume — 14,790 contracts
  • 2013-04-05: Largest IV drop — 38.9% change
  • 2013-04-17: Highest IV Rank — 53.4%
  • 2013-04-17: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.42$26.45$28.46$28.41$28.02
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV13.6%8.0%20.1%13.0%13.6%
Expected Move4.0%3.3%5.7%3.7%3.9%
HV 20d17.1%9.3%23.4%9.4%23.4%
HV 60d12.3%8.7%15.3%8.9%15.3%
IV Rank23.0%0.0%53.4%12.1%24.7%
IV Percentile25.3%0.0%78.2%18.7%25.8%
Term Structure0.7%-1.4%2.7%0.1%0.4%
VWIV14.6%9.4%20.6%12.1%18.8%
Skew 25d3.8%-1.5%7.7%2.4%7.1%
Skew 10d4.3%0.2%11.0%0.9%8.8%
Call IV 25d11.6%9.0%16.4%10.1%10.3%
Put IV 25d15.4%9.6%20.3%12.5%17.5%
Bid-Ask Spread %29.7413.2078.1020.8813.20
Gamma HHI0.320.220.470.440.22
Net GEX231.6K-624.9K1.3M1.2M503.6K
Net DEX47.9K-9.7M7.8M-5.8M-9.7M
Net VEX-69.9K-111.3K-32.9K-48.2K-94.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.180.0635.230.454.42
Total Volume1,304.773814,79077868
Total OI20,312.95510,23832,47310,38532,473

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-04-01$28.41$28.0013.0%3.7%9.4%12.1%0.0%2.4%0.1%1.2M-5.8M-48.2K0.4520.88N/AN/A53249,1681,217
2013-04-02$28.46$28.0011.6%3.3%9.3%4.7%12.1%1.2%2.7%1.3M-6.3M-50.1K0.3326.89N/AN/A629,1881,232
2013-04-03$27.85$28.0012.3%3.5%12.2%8.1%12.2%-1.1%1.2%805.6K-3.0M-37.6K0.9815.51N/AN/A2302259,1941,232
2013-04-04$27.71$28.0013.2%3.8%12.2%12.6%13.2%-1.5%-0.6%708.2K-2.5M-37.8K0.0614.65N/AN/A1,223709,1981,329
2013-04-05$27.54$28.008.0%3.7%12.2%0.0%12.4%5.8%1.7%604.3K-1.7M-32.9K14.7715.13N/AN/A1382,0388,8481,390
2013-04-08$27.54$28.0010.4%3.6%12.2%10.5%15.0%5.7%2.0%466.5K-512.4K-45.2K2.1414.52N/AN/A591268,8473,420
2013-04-09$27.90$28.0012.7%3.7%13.1%20.9%12.7%5.4%0.9%668.3K-2.1M-51.0K0.4315.30N/AN/A6112658,8823,429
2013-04-10$28.09$28.0011.5%3.7%13.4%15.6%12.7%3.1%1.0%805.7K-3.1M-53.7K20.5217.90N/AN/A751,5399,4373,689
2013-04-11$28.06$28.0012.6%3.6%12.7%20.2%0.0%1.6%1.5%579.1K-1.9M-59.5K1.1917.20N/AN/A21259,4565,209
2013-04-12$27.66$28.0013.2%3.8%12.9%22.9%9.4%3.4%0.1%107.0K1.9M-63.8K0.0015.96N/AN/A0859,4356,712
2013-04-15$26.53$28.0016.2%4.6%19.0%36.4%10.7%3.0%0.3%-36.8K4.5M-46.5K2.1924.56N/AN/A1312879,4355,247
2013-04-16$26.97$28.0014.8%4.3%20.2%30.3%15.5%7.4%0.7%-24.8K4.1M-45.6K1.3414.20N/AN/A1061429,4225,322
2013-04-17$26.45$28.0020.1%5.7%21.0%53.4%20.6%3.8%-1.4%-94.4K5.4M-43.8K1.6617.44N/AN/A5,5559,2359,4655,442
2013-04-18$26.53$28.0016.3%4.7%20.9%36.8%19.0%4.0%0.5%-401.7K7.1M-104.7K29.5658.27N/AN/A682,01014,91214,572
2013-04-19$26.69$28.0014.9%4.3%21.1%30.8%15.9%6.7%1.0%-624.9K7.8M-111.3K0.3478.10N/AN/A702414,96716,500
2013-04-22$26.71$28.0014.8%4.2%21.0%29.9%15.6%5.8%0.7%-578.5K6.5M-106.1K0.3976.12N/AN/A311214,66616,425
2013-04-23$26.72$28.0014.5%4.2%21.0%28.9%17.1%4.7%1.1%-615.8K6.4M-105.4K8.0573.26N/AN/A3830614,68916,436
2013-04-24$27.17$28.0014.2%4.1%21.9%27.6%14.0%2.3%0.0%-240.4K1.4M-101.0K0.9875.04N/AN/A11911714,72716,406
2013-04-25$27.39$28.0015.0%4.3%22.2%31.0%13.5%2.5%-0.3%-30.2K-2.1M-101.2K2.1115.55N/AN/A23850314,81316,479
2013-04-26$27.25$28.0014.5%4.2%22.1%28.9%18.0%7.7%0.1%-145.8K-148.6K-101.5K35.2318.25N/AN/A481,69115,00716,691
2013-04-29$27.62$28.0012.3%3.5%22.8%19.1%0.0%2.5%1.1%161.7K-5.2M-96.4K2.5516.43N/AN/A8220915,01317,264
2013-04-30$28.02$28.0013.6%3.9%23.4%24.7%18.8%7.1%0.4%503.6K-9.7M-94.0K4.4213.20N/AN/A16070815,07717,396