EWC Options History — November 2013

In November 2013, EWC traded between $28.98 and $29.63. ATM implied volatility averaged 12.3%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 4.3% (HV 20d: 8.0%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.81.

Notable Days

  • 2013-11-18: Highest Volume — 437 contracts
  • 2013-11-07: Largest IV spike — 39.1% change
  • 2013-11-19: Highest IV Rank — 48.3%
  • 2013-11-19: Largest Expected Move — 4.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.34$28.98$29.63$29.27$29.09
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV12.3%8.5%14.3%11.9%12.8%
Expected Move3.8%3.4%4.1%3.4%3.7%
HV 20d8.0%7.0%9.5%9.5%7.9%
HV 60d9.7%9.1%10.4%10.0%9.2%
IV Rank32.7%3.8%48.3%29.5%36.4%
IV Percentile28.7%0.4%59.9%13.5%33.7%
Term Structure0.4%-1.1%1.8%1.8%-0.9%
VWIV14.3%10.3%34.2%11.9%12.7%
Skew 25d3.6%-0.2%8.3%4.2%4.7%
Skew 10d4.1%0.9%8.1%2.7%4.7%
Call IV 25d10.3%6.0%12.6%7.9%9.4%
Put IV 25d13.9%10.8%16.1%12.1%14.0%
Bid-Ask Spread %88.0973.7099.5383.9484.47
Gamma HHI0.420.370.460.370.44
Net GEX384.3K308.4K461.9K332.0K322.8K
Net DEX-2.5M-3.9M-90.8K-2.7M-597.9K
Net VEX-24.0K-27.3K-21.6K-27.3K-22.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.003.112.003.11
Total Volume76.852437632
Total OI7,115.86,6927,6556,9637,655

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-11-01$29.27$28.0011.9%3.4%9.5%29.5%11.9%4.2%1.8%332.0K-2.7M-27.3K2.0083.94N/AN/A21423,4623,501
2013-11-04$29.36$28.0013.2%3.9%9.4%39.6%14.5%2.3%0.9%347.1K-2.8M-26.3K0.6781.08N/AN/A323,4623,507
2013-11-05$29.24$28.0011.6%4.0%8.2%27.1%11.7%1.9%0.6%375.3K-2.4M-25.8K0.5885.30N/AN/A19113,4653,508
2013-11-06$29.44$28.008.5%3.8%8.4%3.8%12.3%2.8%1.0%396.7K-3.4M-24.7K0.5090.63N/AN/A30153,4823,508
2013-11-07$29.14$28.0011.8%3.9%8.3%29.4%34.2%2.8%1.7%339.7K-1.8M-26.7K0.0090.05N/AN/A603,4573,522
2013-11-08$29.32$28.0010.1%3.8%8.4%16.1%11.6%2.4%0.7%405.8K-2.7M-25.2K0.8486.83N/AN/A31263,4573,522
2013-11-11$29.28$28.0011.1%3.9%8.5%23.7%11.7%2.0%0.9%434.9K-2.8M-24.0K0.0088.36N/AN/A1303,4673,548
2013-11-12$29.16$28.0010.9%3.8%8.5%22.3%0.0%2.7%0.9%408.0K-2.4M-24.4K0.3393.85N/AN/A623,4783,548
2013-11-13$29.36$28.0011.0%4.0%8.6%22.6%18.6%8.3%0.5%387.9K-2.9M-24.0K0.0093.48N/AN/A603,4733,550
2013-11-14$29.48$28.0013.4%3.8%8.1%41.2%13.1%3.8%0.6%461.9K-3.3M-22.7K0.0090.66N/AN/A063,4023,519
2013-11-15$29.61$28.0013.5%3.9%7.8%41.9%12.1%2.8%1.7%441.2K-3.9M-21.8K0.6393.59N/AN/A46293,3983,525
2013-11-18$29.63$28.0012.6%3.6%7.7%35.0%13.9%-0.2%-0.3%423.7K-3.7M-21.6K1.4783.47N/AN/A1772603,3533,339
2013-11-19$29.47$28.0014.3%4.1%7.7%48.3%14.0%2.5%-1.1%424.2K-3.0M-23.2K2.3485.80N/AN/A581363,4803,599
2013-11-20$29.51$28.0012.6%3.6%7.0%34.9%0.0%5.3%0.9%370.9K-2.7M-23.6K0.0096.29N/AN/A4003,4793,702
2013-11-21$29.44$28.0013.8%3.9%7.0%44.0%0.0%2.9%-0.4%383.6K-2.5M-23.7K0.0099.53N/AN/A02053,5083,702
2013-11-22$29.45$28.0013.3%3.8%7.0%40.5%13.8%3.6%-0.4%400.5K-2.3M-23.7K0.0090.35N/AN/A1003,5083,907
2013-11-25$29.35$28.0013.4%3.8%7.1%40.9%12.7%7.3%0.0%373.3K-2.0M-23.1K0.4891.30N/AN/A21103,5133,907
2013-11-26$29.13$28.0013.7%3.9%7.5%43.3%10.3%5.2%-0.4%348.0K-1.2M-22.8K0.0079.07N/AN/A0413,5143,917
2013-11-27$28.98$28.0012.4%3.6%7.7%33.7%12.7%4.6%-0.5%308.4K-90.8K-22.1K3.1173.70N/AN/A641993,5143,958
2013-11-29$29.09$28.0012.8%3.7%7.9%36.4%0.0%4.7%-0.9%322.8K-597.9K-22.2K0.0084.47N/AN/A023,5184,137