EWC Options History — January 2014

In January 2014, EWC traded between $27.74 and $28.96. ATM implied volatility averaged 10.2%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 0.8% (HV 20d: 9.4%). Max pain ranged from $27.00 to $30.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 143.64.

Notable Days

  • 2014-01-22: Highest Volume — 6,034 contracts
  • 2014-01-24: Largest IV spike — 45.5% change
  • 2014-01-15: Highest IV Rank — 58.1%
  • 2014-01-31: Largest Expected Move — 3.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.47$27.74$28.96$28.96$27.93
Max Pain$28.81$27.00$30.00$30.00$29.00
ATM IV10.2%5.7%14.6%10.7%12.7%
Expected Move3.0%2.4%3.6%3.1%3.6%
HV 20d9.4%7.9%10.4%10.2%10.3%
HV 60d8.9%8.3%9.7%9.4%9.6%
IV Rank27.5%0.0%58.1%20.6%45.8%
IV Percentile15.5%0.0%72.6%6.7%40.9%
Term Structure1.2%-0.0%2.6%1.2%0.2%
VWIV10.7%7.9%13.4%9.8%13.0%
Skew 25d3.3%-0.4%5.9%-0.4%2.4%
Skew 10d4.3%-0.6%8.3%-0.6%0.5%
Call IV 25d9.9%8.7%14.3%10.6%14.3%
Put IV 25d13.2%10.3%16.7%10.3%16.7%
Bid-Ask Spread %90.8025.85104.0496.3625.85
Gamma HHI0.440.410.510.440.50
Net GEX-777.8K-1.2M-462.6K-666.1K-1.2M
Net DEX7.4M3.5M12.7M5.1M12.2M
Net VEX-49.0K-81.7K-34.6K-37.6K-78.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio143.640.001507.502.000.10
Total Volume426.28606,0341511
Total OI9,5066,84014,7427,17614,742

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-01-02$28.96$30.0010.7%3.1%10.2%20.6%9.8%-0.4%1.2%-666.1K5.1M-37.6K2.0096.36N/AN/A5108256,351
2014-01-03$28.94$30.0010.6%3.0%10.1%19.8%10.6%2.9%0.7%-652.5K5.1M-37.2K0.0099.71N/AN/A3708276,361
2014-01-06$28.75$29.009.5%3.2%10.3%11.3%10.4%4.6%0.9%-677.1K5.9M-37.9K0.2194.26N/AN/A195408486,361
2014-01-07$28.64$27.005.7%3.0%10.3%0.0%0.0%4.0%1.2%-641.3K5.8M-38.0K0.0094.39N/AN/A1001,0436,360
2014-01-08$28.62$27.007.5%3.2%10.1%11.6%12.5%4.1%0.8%-641.7K6.0M-37.8K0.5293.26N/AN/A21111,0516,360
2014-01-09$28.54$28.008.2%2.8%10.0%16.0%13.4%4.3%2.2%-619.9K6.4M-37.3K0.2092.67N/AN/A511,0656,371
2014-01-10$28.67$28.007.9%2.7%8.6%14.1%9.9%3.4%1.7%-653.1K5.9M-37.5K3.9494.34N/AN/A16631,0706,372
2014-01-13$28.64$29.009.7%2.7%8.4%26.1%0.0%3.5%2.6%-652.7K6.0M-36.8K7.1492.90N/AN/A7501,0766,375
2014-01-14$28.45$29.0011.1%3.2%8.7%35.5%0.0%3.1%1.8%-594.9K6.6M-37.4K0.0093.68N/AN/A1101,0836,420
2014-01-15$28.58$29.0014.6%2.4%8.5%58.1%0.0%2.0%2.1%-664.1K6.2M-35.9K0.1399.79N/AN/A5371,0926,400
2014-01-16$28.74$29.009.1%2.6%8.6%21.9%9.4%2.4%1.2%-691.1K5.6M-36.4K3.00103.64N/AN/A10301,1456,407
2014-01-17$28.73$29.008.8%2.5%8.0%20.3%8.7%2.8%1.7%-702.8K5.4M-34.6K0.06104.04N/AN/A11471,1556,419
2014-01-21$28.89$29.009.8%2.8%7.9%26.6%9.9%2.5%0.9%-462.6K3.5M-34.6K0.1899.99N/AN/A115211,0965,744
2014-01-22$28.70$29.008.9%2.6%8.2%21.2%10.2%2.6%1.5%-473.2K4.1M-35.5K1507.5099.26N/AN/A46,0301,1695,765
2014-01-23$28.60$29.008.6%2.5%7.9%18.9%0.0%2.7%1.2%-934.9K8.5M-65.4K7.21103.79N/AN/A574111,17311,781
2014-01-24$28.15$29.0012.5%3.6%9.4%44.3%12.4%2.9%0.6%-1.0M9.9M-68.6K2.57102.02N/AN/A21541,18211,992
2014-01-27$27.74$29.0011.3%3.3%10.2%36.8%7.9%5.9%0.8%-1.0M11.6M-70.8K0.0696.90N/AN/A174101,20112,045
2014-01-28$27.90$29.0012.3%3.5%10.4%42.8%12.3%4.9%0.2%-1.0M10.9M-71.1K1338.0091.18N/AN/A11,3381,36212,053
2014-01-29$27.74$29.0012.1%3.5%10.1%41.5%0.0%3.6%1.1%-1.2M12.7M-81.7K0.00102.11N/AN/A001,36313,379
2014-01-30$27.95$29.0012.5%3.6%10.4%44.0%0.0%4.7%-0.0%-1.2M12.0M-78.8K0.0026.72N/AN/A201,36313,379
2014-01-31$27.93$29.0012.7%3.6%10.3%45.8%13.0%2.4%0.2%-1.2M12.2M-78.7K0.1025.85N/AN/A1011,36313,379