EWC Options History — September 2013

In September 2013, EWC traded between $27.58 and $28.86. ATM implied volatility averaged 13.7%, placing in the 43.5% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.4% (HV 20d: 11.3%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 6.47.

Notable Days

  • 2013-09-19: Highest Volume — 784 contracts
  • 2013-09-09: Largest IV spike — 20.5% change
  • 2013-09-09: Highest IV Rank — 54.7%
  • 2013-09-09: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.27$27.58$28.86$27.58$28.31
Max Pain$27.85$27.00$28.00$28.00$28.00
ATM IV13.7%12.6%15.2%13.2%14.4%
Expected Move4.0%3.6%4.5%3.8%4.1%
HV 20d11.3%10.1%13.4%13.4%10.2%
HV 60d13.7%12.5%15.6%15.6%12.6%
IV Rank43.5%34.9%54.7%39.4%48.7%
IV Percentile39.5%21.0%57.9%32.9%50.4%
Term Structure1.6%-0.2%2.8%2.7%-0.2%
VWIV13.8%11.7%17.1%13.1%13.1%
Skew 25d1.8%-0.7%4.0%2.9%0.2%
Skew 10d2.4%-1.1%8.0%2.8%-0.9%
Call IV 25d12.3%10.6%14.1%12.8%12.3%
Put IV 25d14.1%11.7%16.1%15.7%12.5%
Bid-Ask Spread %28.7812.7878.1431.5515.59
Gamma HHI0.370.260.480.340.44
Net GEX-182.0K-805.4K277.4K-805.4K246.3K
Net DEX-1.2M-4.7M3.8M3.8M-2.2M
Net VEX-28.4K-32.3K-26.0K-32.3K-26.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.470.0160.000.018.00
Total Volume215.21878483198
Total OI16,439.25,81121,27220,6596,032

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-09-03$27.58$28.0013.2%3.8%13.4%39.4%13.1%2.9%2.7%-805.4K3.8M-32.3K0.0131.55N/AN/A8218,49712,162
2013-09-04$27.72$28.0013.0%3.7%13.2%38.2%12.9%2.2%2.3%-789.7K2.9M-31.9K18.8578.14N/AN/A275098,57812,162
2013-09-05$27.91$28.0012.7%3.6%12.8%36.0%12.7%3.8%2.8%-661.6K1.5M-30.9K3.8076.82N/AN/A441678,60511,973
2013-09-06$28.09$27.0012.6%4.3%10.7%34.9%0.0%2.1%1.7%-536.7K133.0K-30.5K0.0615.47N/AN/A3628,62312,047
2013-09-09$28.25$27.0015.2%4.5%10.8%54.7%17.1%3.6%1.5%-367.6K-743.4K-29.9K0.7213.56N/AN/A3982858,65412,049
2013-09-10$28.26$27.0013.9%4.3%10.8%44.9%15.0%2.9%1.6%-429.4K-1.4M-29.2K60.0019.57N/AN/A21209,03511,886
2013-09-11$28.40$28.0013.4%4.0%10.9%41.2%0.0%2.6%2.7%-161.7K-2.2M-28.0K10.2327.32N/AN/A131339,03311,886
2013-09-12$28.07$28.0014.7%4.2%11.8%51.3%14.8%1.3%1.6%-607.2K-320.1K-28.8K0.6125.84N/AN/A124769,02111,997
2013-09-13$28.07$28.0014.5%4.2%11.6%50.0%14.5%0.9%1.7%-553.6K-268.2K-28.9K0.5031.14N/AN/A20109,07112,072
2013-09-16$28.35$28.0014.3%4.1%12.1%47.9%0.0%2.2%2.0%-276.6K-2.2M-27.1K0.3312.78N/AN/A60209,09112,082
2013-09-17$28.45$28.0014.8%4.2%11.0%51.7%14.8%4.0%1.6%-107.9K-2.7M-26.5K0.0126.67N/AN/A713109,10012,062
2013-09-18$28.86$28.0013.5%3.9%11.9%42.3%11.7%2.4%2.0%232.8K-4.7M-26.9K0.0635.84N/AN/A1719,10712,071
2013-09-19$28.70$28.0013.9%4.0%10.4%45.1%14.3%2.7%0.6%201.0K-3.5M-26.0K2.2125.19N/AN/A2445408,87611,971
2013-09-20$28.39$28.0013.3%3.8%11.4%40.2%13.0%3.0%1.9%-343.6K-945.6K-28.2K1.8829.73N/AN/A33628,78112,491
2013-09-23$28.38$28.0013.6%3.9%11.1%43.1%13.6%-0.7%1.0%263.8K-2.2M-27.2K2.2026.90N/AN/A501103,6772,134
2013-09-24$28.39$28.0013.3%3.8%11.1%40.6%13.3%-0.5%1.2%255.2K-2.2M-27.4K0.1635.88N/AN/A3863,7272,218
2013-09-25$28.35$28.0012.9%3.7%10.1%37.8%12.7%-0.6%1.3%265.5K-2.2M-27.5K0.4216.13N/AN/A31133,7652,220
2013-09-26$28.40$28.0013.3%3.8%10.1%40.3%13.1%0.5%1.2%259.4K-2.2M-27.2K2.7314.41N/AN/A15413,7712,225
2013-09-27$28.43$28.0013.5%3.9%10.1%42.2%0.0%0.7%1.6%277.4K-2.5M-27.6K16.6717.11N/AN/A3503,7862,246
2013-09-30$28.31$28.0014.4%4.1%10.2%48.7%0.0%0.2%-0.2%246.3K-2.2M-26.9K8.0015.59N/AN/A221763,7862,246