EWC Options History — December 2013

In December 2013, EWC traded between $28.29 and $29.16. ATM implied volatility averaged 11.9%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 2.9% (HV 20d: 9.0%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 37.70.

Notable Days

  • 2013-12-18: Highest Volume — 4,101 contracts
  • 2013-12-05: Largest IV spike — 38.6% change
  • 2013-12-11: Highest IV Rank — 72.5%
  • 2013-12-05: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.68$28.29$29.16$28.98$29.16
Max Pain$29.62$28.00$30.00$28.00$30.00
ATM IV11.9%8.2%17.5%13.0%11.4%
Expected Move3.2%2.3%4.8%3.7%3.3%
HV 20d9.0%7.4%10.5%7.9%10.5%
HV 60d9.2%8.8%9.5%9.2%9.3%
IV Rank29.8%0.9%72.5%38.0%25.7%
IV Percentile29.9%0.4%95.2%39.3%13.5%
Term Structure1.2%-2.7%3.1%-0.6%-0.2%
VWIV11.4%7.6%18.0%13.7%8.2%
Skew 25d3.0%-0.8%6.0%4.2%1.5%
Skew 10d3.3%-1.3%15.6%3.7%2.0%
Call IV 25d10.1%7.6%12.8%10.6%9.5%
Put IV 25d13.1%8.2%15.6%14.8%11.0%
Bid-Ask Spread %89.5714.54110.8980.7314.54
Gamma HHI0.420.320.580.450.44
Net GEX-165.3K-683.8K302.8K302.8K-629.6K
Net DEX3.7M185.6K7.7M185.6K4.5M
Net VEX-25.8K-41.0K-13.1K-21.3K-38.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio37.700.10682.501.352.44
Total Volume268.23824,1015431
Total OI7,882.7146,96711,0717,6577,171

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-12-02$28.98$28.0013.0%3.7%7.9%38.0%13.7%4.2%-0.6%302.8K185.6K-21.3K1.3580.73N/AN/A23313,5184,139
2013-12-03$28.70$28.0013.1%3.7%8.4%38.6%16.3%3.0%-0.2%183.3K1.9M-19.8K0.3387.77N/AN/A42143,5314,151
2013-12-04$28.59$28.0012.1%3.5%8.4%31.1%0.0%1.6%-1.7%161.8K2.4M-19.2K0.0097.52N/AN/A023,5474,152
2013-12-05$28.48$28.0016.7%4.8%7.9%66.9%18.0%6.0%-2.7%135.3K2.5M-18.8K0.1386.58N/AN/A122163,5474,154
2013-12-06$28.61$30.0012.3%3.4%7.5%32.4%14.3%5.3%2.5%205.5K2.0M-19.1K0.3175.54N/AN/A45143,5844,164
2013-12-09$28.76$30.0014.5%3.2%7.4%49.9%13.1%4.3%3.1%266.6K1.6M-18.7K16.2576.57N/AN/A4653,6074,177
2013-12-10$28.85$30.0015.8%3.2%7.6%59.8%0.0%4.5%3.0%281.4K1.2M-19.1K0.3386.37N/AN/A933,6074,230
2013-12-11$28.42$30.0017.5%3.9%9.1%72.5%0.0%4.4%0.5%56.3K3.1M-16.6K1.0087.68N/AN/A38383,6104,233
2013-12-12$28.29$30.0013.3%3.8%8.6%40.7%0.0%3.0%1.2%-16.6K3.7M-15.9K0.4989.60N/AN/A45223,6154,269
2013-12-13$28.39$30.0013.4%3.8%8.5%41.5%0.0%4.3%1.2%10.0K3.4M-15.7K0.0094.75N/AN/A0103,5884,290
2013-12-16$28.60$30.0011.8%3.4%8.9%28.7%0.0%4.5%3.0%252.2K2.3M-15.2K0.4397.53N/AN/A156673,5884,290
2013-12-17$28.52$30.008.7%2.5%8.8%5.0%11.9%4.2%2.2%129.1K2.4M-15.4K0.2497.62N/AN/A41103,6084,348
2013-12-18$28.29$30.0011.9%3.4%9.0%29.6%7.6%1.5%2.0%-579.9K4.7M-13.1K682.50103.95N/AN/A64,0952,9924,353
2013-12-19$28.49$30.0011.2%3.2%9.5%24.1%8.6%1.9%2.4%-558.2K7.7M-41.0K1.1798.85N/AN/A12142,7598,301
2013-12-20$28.58$30.0010.3%3.0%9.7%17.6%10.5%1.9%1.7%-328.3K7.1M-40.9K0.7295.04N/AN/A1791282,7598,312
2013-12-23$28.78$30.009.2%2.6%10.1%8.7%9.1%3.1%1.2%-657.3K5.7M-39.5K1.07103.00N/AN/A41447316,236
2013-12-24$28.92$30.008.5%2.4%10.3%3.3%8.5%3.8%1.6%-659.8K5.5M-39.9K0.17110.89N/AN/A121217696,275
2013-12-26$29.07$30.008.5%2.4%10.2%3.9%8.5%1.7%1.6%-683.8K4.9M-38.1K0.10103.29N/AN/A4857796,296
2013-12-27$28.86$30.008.2%2.3%10.3%0.9%8.2%-0.4%2.1%-665.6K5.5M-39.6K4.5096.05N/AN/A298276,296
2013-12-30$29.02$30.008.9%2.6%10.5%6.7%0.0%-0.8%1.2%-677.5K5.0M-37.7K2.7597.11N/AN/A16448296,305
2013-12-31$29.16$30.0011.4%3.3%10.5%25.7%0.0%1.5%-0.2%-629.6K4.5M-38.1K2.4414.54N/AN/A9228236,348