EWC Options History — May 2013

In May 2013, EWC traded between $27.73 and $28.61. ATM implied volatility averaged 14.5%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded below realized volatility by 1.2% (HV 20d: 15.7%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 7.87.

Notable Days

  • 2013-05-20: Highest Volume — 11,380 contracts
  • 2013-05-09: Largest IV spike — 33.2% change
  • 2013-05-31: Highest IV Rank — 40.7%
  • 2013-05-31: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.10$27.73$28.61$27.77$27.73
Max Pain$27.14$27.00$28.00$28.00$27.00
ATM IV14.5%10.7%16.6%14.3%16.6%
Expected Move4.3%3.6%4.7%4.1%4.7%
HV 20d15.7%9.1%22.5%22.3%11.7%
HV 60d15.5%15.3%15.9%15.3%15.9%
IV Rank29.7%12.0%40.7%27.8%40.7%
IV Percentile37.4%1.2%59.9%31.7%59.9%
Term Structure0.9%-0.7%2.6%0.9%-0.7%
VWIV15.9%9.1%19.1%12.5%18.6%
Skew 25d4.5%-2.1%10.1%-2.1%3.5%
Skew 10d7.9%-0.6%13.2%1.3%-0.6%
Call IV 25d12.1%8.5%15.5%12.6%15.5%
Put IV 25d16.6%10.5%19.1%10.5%19.1%
Bid-Ask Spread %30.7010.0453.4521.1210.04
Gamma HHI0.220.200.260.240.21
Net GEX852.7K-411.7K2.7M141.9K1.8M
Net DEX-10.7M-21.7M-2.8M-6.0M-11.6M
Net VEX-114.7K-144.0K-94.8K-104.2K-121.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.870.0037.3219.270.00
Total Volume1,419.273111,3802,1284,233
Total OI39,649.22733,15946,37933,15945,820

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-05-01$27.77$28.0014.3%4.1%22.3%27.8%12.5%-2.1%0.9%141.9K-6.0M-104.2K19.2721.12N/AN/A1052,02315,17017,989
2013-05-02$27.86$28.0013.7%3.9%22.3%25.3%9.1%4.6%1.1%136.9K-5.6M-112.3K1.0015.88N/AN/A131315,23319,991
2013-05-03$28.01$28.0012.5%3.6%22.2%19.7%0.0%1.2%2.6%350.1K-8.9M-108.0K0.0313.32N/AN/A5571715,24020,003
2013-05-06$28.10$27.0012.8%3.8%22.2%21.2%15.9%3.7%1.7%330.2K-8.8M-100.9K1.2020.45N/AN/A414914,69620,012
2013-05-07$28.22$27.0013.0%4.1%21.8%22.3%15.3%2.8%0.4%490.4K-10.2M-100.0K3.0722.15N/AN/A10231314,73720,060
2013-05-08$28.61$27.0010.7%3.7%22.2%12.0%15.5%5.3%1.1%654.9K-14.4M-94.8K16.4728.86N/AN/A3862614,82520,371
2013-05-09$28.35$27.0014.3%4.3%22.5%27.8%16.3%4.6%0.4%457.0K-11.0M-99.2K2.3831.43N/AN/A6615714,85620,650
2013-05-10$28.32$27.0012.8%4.3%21.8%21.3%13.4%4.3%1.0%386.2K-10.3M-100.0K3.5938.30N/AN/A7012,51414,92020,753
2013-05-13$28.25$27.0012.4%4.3%14.9%19.3%17.2%4.2%1.6%59.4K-7.5M-110.7K7.1453.45N/AN/A1410015,05923,171
2013-05-14$28.18$27.0015.4%4.4%14.2%32.7%16.7%2.8%1.6%52.2K-7.5M-111.0K0.1946.02N/AN/A1452715,06823,271
2013-05-15$27.94$27.0013.1%4.4%12.4%22.5%15.7%4.6%1.5%-216.5K-3.8M-113.2K8.3646.45N/AN/A1251,04515,16023,288
2013-05-16$27.92$27.0014.7%4.2%12.5%29.8%16.9%5.6%1.6%-310.4K-3.4M-112.5K20.8844.32N/AN/A4185615,18823,919
2013-05-17$27.93$27.0014.9%4.3%12.4%30.7%18.2%10.1%1.7%-411.7K-2.8M-114.2K37.3242.52N/AN/A341,26915,19224,601
2013-05-20$28.24$27.0015.7%4.5%12.8%34.0%14.9%5.2%0.9%-288.7K-5.3M-114.2K0.1142.53N/AN/A10,2541,12614,20621,960
2013-05-21$28.27$27.0016.1%4.6%12.8%35.9%17.8%4.1%0.8%2.1M-18.6M-144.0K20.0143.24N/AN/A1072,14124,04122,338
2013-05-22$28.09$27.0016.4%4.7%12.1%37.4%16.2%4.6%0.1%2.0M-15.2M-137.3K5.3243.24N/AN/A11963324,14820,678
2013-05-23$28.02$27.0016.0%4.6%11.9%37.9%18.7%9.4%1.0%2.0M-14.9M-136.4K10.0030.89N/AN/A3535024,15620,515
2013-05-24$28.00$27.0016.3%4.7%11.7%39.2%14.8%8.3%0.4%1.9M-13.7M-134.8K0.9730.49N/AN/A666424,19420,720
2013-05-28$28.02$27.0016.2%4.6%10.8%38.9%19.1%4.5%0.0%2.2M-16.1M-124.8K15.6012.49N/AN/A3554624,24220,683
2013-05-29$28.13$27.0015.6%4.5%9.6%36.0%18.1%4.1%1.1%2.2M-18.0M-116.2K0.1521.19N/AN/A4556824,25721,083
2013-05-30$28.29$27.0016.4%4.7%9.1%39.9%13.3%3.5%0.0%2.7M-21.7M-113.7K0.0016.94N/AN/A1024,67021,149
2013-05-31$27.73$27.0016.6%4.7%11.7%40.7%18.6%3.5%-0.7%1.8M-11.6M-121.7K0.0010.04N/AN/A4,2171624,67121,149