EWC Options History — July 2013

In July 2013, EWC traded between $26.04 and $28.18. ATM implied volatility averaged 14.2%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 2.7% (HV 20d: 16.9%). Max pain ranged from $26.00 to $28.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 7.89.

Notable Days

  • 2013-07-24: Highest Volume — 3,222 contracts
  • 2013-07-11: Largest IV spike — 62.2% change
  • 2013-07-03: Highest IV Rank — 62.6%
  • 2013-07-05: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.30$26.04$28.18$26.22$27.63
Max Pain$26.18$26.00$28.00$28.00$26.00
ATM IV14.2%9.5%18.2%16.9%13.3%
Expected Move4.2%3.3%5.4%4.8%3.8%
HV 20d16.9%12.4%21.3%19.0%14.1%
HV 60d16.4%15.4%18.2%18.2%15.6%
IV Rank39.7%9.1%62.6%54.4%40.5%
IV Percentile36.9%0.4%79.4%65.1%29.8%
Term Structure1.0%-0.8%2.7%0.5%1.2%
VWIV14.2%11.6%17.8%14.8%13.0%
Skew 25d4.4%2.4%8.1%4.0%2.9%
Skew 10d6.6%-0.1%22.5%5.3%2.7%
Call IV 25d11.7%7.8%15.9%15.0%12.2%
Put IV 25d16.1%11.1%20.4%19.0%15.1%
Bid-Ask Spread %55.8011.63100.3617.5298.71
Gamma HHI0.250.180.420.250.19
Net GEX75.0K-594.1K2.0M-594.1K-427.6K
Net DEX2.5M-4.6M9.6M8.9M3.2M
Net VEX-55.9K-62.5K-47.3K-58.2K-53.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.890.00114.070.010.40
Total Volume331.22733,2221,040105
Total OI20,574.45517,66621,94419,83320,043

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-07-01$26.22$28.0016.9%4.8%19.0%54.4%14.8%4.0%0.5%-594.1K8.9M-58.2K0.0117.52N/AN/A1,030109,41310,420
2013-07-02$26.18$27.0017.0%4.9%18.9%55.2%0.0%8.1%1.2%-429.1K8.6M-60.6K0.2913.58N/AN/A60917410,44310,427
2013-07-03$26.11$27.0018.2%5.2%18.5%62.6%0.0%7.9%0.6%-404.9K8.8M-62.5K0.0012.82N/AN/A016610,72910,598
2013-07-05$26.04$26.0016.0%5.4%18.2%48.8%0.0%4.6%-0.5%-508.1K9.6M-58.9K0.0012.89N/AN/A94010,72910,699
2013-07-08$26.26$26.0015.7%5.2%18.6%47.1%0.0%4.8%-0.5%-464.1K8.6M-59.6K0.0015.67N/AN/A0310,76610,699
2013-07-09$26.57$26.0014.2%4.3%19.2%37.7%17.3%6.0%0.5%-268.6K7.1M-56.6K0.5011.76N/AN/A10510,76610,699
2013-07-10$26.59$26.009.5%4.4%18.8%9.1%16.1%6.4%0.7%-217.1K6.3M-57.5K0.5516.12N/AN/A643510,77610,704
2013-07-11$27.37$26.0015.4%4.4%21.3%45.4%15.4%3.5%0.5%481.4K1.2M-61.3K0.2512.43N/AN/A1193010,83810,730
2013-07-12$27.24$26.0014.8%4.2%20.1%41.3%14.4%3.3%0.5%374.8K1.5M-60.3K3.7511.63N/AN/A41510,93910,730
2013-07-15$27.37$26.0015.5%4.4%19.9%45.6%17.8%2.8%0.6%386.3K311.9K-58.0K3.2112.76N/AN/A289010,94310,740
2013-07-16$27.45$26.0015.8%4.5%19.7%47.9%16.1%4.2%-0.8%533.3K-504.4K-54.6K0.0030.40N/AN/A202010,94610,798
2013-07-17$27.48$26.0015.9%4.6%19.6%51.6%14.2%4.2%0.0%518.1K-741.3K-57.1K15.3893.04N/AN/A1320011,14610,798
2013-07-18$27.77$26.0013.6%3.9%19.3%36.5%0.0%3.6%2.4%1.2M-4.1M-55.2K0.0096.56N/AN/A70011,1279,774
2013-07-19$27.91$26.0013.9%4.0%14.4%38.7%14.0%3.7%0.4%2.0M-4.6M-51.9K0.5994.52N/AN/A1408311,1769,774
2013-07-22$28.12$26.0011.6%3.3%14.3%23.4%11.6%3.5%2.7%192.9K-2.3M-47.3K4.8196.83N/AN/A271308,2359,431
2013-07-23$28.18$26.0011.7%3.4%12.4%24.1%11.7%3.3%2.4%269.4K-2.1M-48.2K8.73100.36N/AN/A302628,2539,529
2013-07-24$27.94$26.0012.6%3.6%12.9%29.9%13.5%4.2%1.9%65.7K-747.8K-48.3K114.0796.35N/AN/A283,1948,2379,770
2013-07-25$28.11$26.0011.9%3.4%13.0%25.4%11.9%5.7%2.7%-233.9K1.1M-55.8K2.1296.01N/AN/A26558,25011,490
2013-07-26$28.04$26.0012.2%3.5%12.5%27.2%12.3%4.9%2.0%-422.2K2.1M-58.5K0.1096.42N/AN/A4148,27413,056
2013-07-29$28.15$26.0012.9%3.7%12.5%37.2%0.0%2.4%1.7%-56.4K298.6K-53.9K0.0097.31N/AN/A508,31511,554
2013-07-30$27.77$26.0013.7%3.9%13.9%43.8%13.6%3.3%0.5%-293.8K2.1M-52.5K2.9694.00N/AN/A471398,32011,554
2013-07-31$27.63$26.0013.3%3.8%14.1%40.5%13.0%2.9%1.2%-427.6K3.2M-53.5K0.4098.71N/AN/A75308,35011,693