EWC Options History — August 2013

In August 2013, EWC traded between $27.06 and $28.03. ATM implied volatility averaged 12.9%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded below realized volatility by 0.2% (HV 20d: 13.1%). Max pain ranged from $26.00 to $29.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 9.03.

Notable Days

  • 2013-08-08: Highest Volume — 1,668 contracts
  • 2013-08-14: Largest IV spike — 28.5% change
  • 2013-08-27: Highest IV Rank — 57.7%
  • 2013-08-27: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.59$27.06$28.03$27.70$27.39
Max Pain$28.05$26.00$29.00$26.00$28.00
ATM IV12.9%9.3%15.5%13.4%15.2%
Expected Move3.8%3.3%4.5%3.8%4.4%
HV 20d13.1%12.0%14.5%14.0%13.2%
HV 60d15.8%15.2%16.4%15.6%15.5%
IV Rank37.7%9.9%57.7%41.3%55.0%
IV Percentile27.6%0.4%59.5%31.0%56.7%
Term Structure2.4%1.0%4.2%1.0%1.9%
VWIV13.3%8.8%15.5%13.2%8.8%
Skew 25d3.9%0.9%6.2%2.3%0.9%
Skew 10d6.5%1.0%12.2%3.9%1.0%
Call IV 25d11.4%9.0%13.7%12.3%13.6%
Put IV 25d15.3%13.7%17.4%14.5%14.6%
Bid-Ask Spread %44.6825.7778.0626.6530.02
Gamma HHI0.250.200.300.200.30
Net GEX-628.8K-955.4K165.3K-415.0K-876.7K
Net DEX3.6M-697.3K7.5M3.0M4.5M
Net VEX-40.3K-51.2K-34.1K-51.2K-35.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.030.0065.450.177.85
Total Volume206.59111,668684
Total OI20,405.27319,84121,54120,09520,655

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-08-01$27.70$26.0013.4%3.8%14.0%41.3%13.2%2.3%1.0%-415.0K3.0M-51.2K0.1726.65N/AN/A58108,38011,715
2013-08-02$27.60$26.0011.5%3.3%14.0%26.6%0.0%2.5%2.3%-474.1K3.6M-48.7K0.0025.77N/AN/A5108,43611,715
2013-08-05$27.51$29.0011.9%3.9%14.1%29.6%14.5%4.7%2.6%-559.2K4.1M-46.4K0.6176.16N/AN/A31198,44811,715
2013-08-06$27.32$29.0014.5%4.3%14.0%49.4%15.1%3.9%2.6%-731.1K5.6M-45.4K29.7971.62N/AN/A195668,47911,728
2013-08-07$27.06$28.0013.7%4.1%14.5%43.8%15.5%2.4%3.2%-955.4K7.5M-46.8K5.4364.27N/AN/A211148,49812,180
2013-08-08$27.64$28.0010.8%3.5%12.7%21.1%13.2%6.2%3.5%-672.4K3.5M-45.1K12.7978.06N/AN/A1211,5478,51512,256
2013-08-09$27.69$29.0010.6%3.5%12.5%20.0%14.5%5.8%3.1%-765.0K4.4M-47.0K0.1773.86N/AN/A59108,63512,906
2013-08-12$27.77$29.0010.7%3.6%12.4%20.3%12.8%5.4%3.3%-516.8K2.3M-39.9K0.0073.06N/AN/A108,68911,906
2013-08-13$27.81$29.009.3%3.5%12.4%9.9%10.8%5.7%4.1%-453.2K2.1M-40.4K0.0934.04N/AN/A121118,69011,906
2013-08-14$27.85$28.0012.0%3.4%12.4%30.4%14.1%5.4%4.2%-435.9K1.7M-40.9K65.4529.26N/AN/A117208,72911,906
2013-08-15$28.03$28.0013.2%3.8%12.1%40.0%13.2%2.9%2.6%-127.0K318.0K-37.8K2.8036.23N/AN/A15428,68711,574
2013-08-16$28.03$28.0012.7%3.6%12.0%36.0%12.9%1.5%3.8%165.3K-697.3K-40.1K0.6028.76N/AN/A42258,68311,609
2013-08-19$27.66$28.0012.9%3.7%12.5%37.6%13.9%5.1%1.7%-579.7K2.7M-37.9K0.8232.66N/AN/A62518,35811,483
2013-08-20$27.71$28.0012.1%3.5%12.5%31.3%12.3%5.7%2.5%-560.4K2.4M-36.2K0.0062.14N/AN/A608,36811,525
2013-08-21$27.29$28.0014.8%4.2%13.3%52.0%14.7%3.6%1.4%-802.5K5.1M-35.7K56.3341.06N/AN/A95078,37411,525
2013-08-22$27.43$28.0014.7%4.2%13.2%51.0%0.0%4.3%1.4%-889.6K5.1M-37.3K0.6338.91N/AN/A858,38312,014
2013-08-23$27.68$28.0012.2%3.5%13.7%32.2%12.1%3.5%1.6%-699.8K3.3M-35.2K0.1435.86N/AN/A2138,39112,019
2013-08-26$27.67$28.0013.2%3.8%13.6%39.4%0.0%3.0%1.0%-759.7K3.4M-35.2K0.0034.41N/AN/A308,41212,016
2013-08-27$27.36$28.0015.5%4.5%13.3%57.7%12.3%3.2%1.6%-933.6K5.4M-34.1K5.4032.26N/AN/A5278,41212,016
2013-08-28$27.41$28.0015.1%4.3%13.3%54.1%14.4%5.4%1.2%-922.3K5.1M-34.9K0.5429.89N/AN/A68378,41612,023
2013-08-29$27.45$28.0014.7%4.2%13.2%51.6%14.9%1.7%1.3%-868.9K4.5M-34.3K7.8528.09N/AN/A131028,48412,057
2013-08-30$27.39$28.0015.2%4.4%13.2%55.0%8.8%0.9%1.9%-876.7K4.5M-35.3K0.0030.02N/AN/A048,49712,158