EWC Options History — March 2014

In March 2014, EWC traded between $28.99 and $29.55. ATM implied volatility averaged 12.2%, placing in the 42.6% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 4.8% (HV 20d: 7.5%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 2.35.

Notable Days

  • 2014-03-18: Highest Volume — 754 contracts
  • 2014-03-31: Largest IV drop — 32.4% change
  • 2014-03-14: Highest IV Rank — 60.9%
  • 2014-03-14: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.23$28.99$29.55$29.11$29.55
Max Pain$28.19$28.00$29.00$29.00$28.00
ATM IV12.2%7.8%15.0%13.1%7.8%
Expected Move3.6%2.2%4.3%3.8%2.2%
HV 20d7.5%6.9%9.6%9.6%7.5%
HV 60d9.8%9.4%10.2%10.2%9.4%
IV Rank42.6%13.7%60.9%48.4%13.7%
IV Percentile36.2%0.8%78.6%49.2%0.8%
Term Structure0.7%-0.2%1.3%0.0%0.5%
VWIV12.6%10.8%16.8%13.0%11.6%
Skew 25d4.0%-0.4%7.1%7.1%3.1%
Skew 10d7.7%-2.3%15.5%9.6%-1.1%
Call IV 25d10.9%8.0%13.5%9.3%10.0%
Put IV 25d14.9%10.7%18.9%16.4%13.1%
Bid-Ask Spread %57.6212.83110.9523.4883.49
Gamma HHI0.400.290.570.310.57
Net GEX-1.2M-2.7M-693.5K-981.0K-693.5K
Net DEX2.9M-412.0K5.6M4.7M1.3M
Net VEX-58.3K-68.6K-35.4K-68.6K-35.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.350.0016.670.0016.67
Total Volume105.2380754171106
Total OI17,629.04815,37519,25818,00015,453

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$29.11$29.0013.1%3.8%9.6%48.4%13.0%7.1%0.0%-981.0K4.7M-68.6K0.0023.48N/AN/A17103,03714,963
2014-03-04$29.23$29.0011.8%3.4%7.8%39.6%10.8%-0.4%1.2%-998.5K3.0M-66.4K0.0820.31N/AN/A5953,19414,963
2014-03-05$29.39$29.0012.3%3.5%7.9%42.7%12.2%0.9%0.4%-917.5K2.0M-65.5K2.1712.83N/AN/A23503,24314,967
2014-03-06$29.49$29.0012.5%3.6%7.8%44.1%12.2%1.8%1.2%-891.9K1.5M-65.1K4.18110.95N/AN/A17713,26615,017
2014-03-07$29.28$28.0012.5%3.7%7.6%44.3%14.6%4.5%0.7%-1.0M2.9M-65.0K0.0281.97N/AN/A15133,25915,052
2014-03-10$29.27$28.0012.8%3.8%7.3%46.0%0.0%4.3%0.5%-1.2M2.7M-63.5K1.6740.32N/AN/A6103,41015,053
2014-03-11$29.20$28.0013.1%3.8%7.5%48.5%0.0%3.9%0.5%-1.1M1.6M-57.2K0.1054.87N/AN/A1013,41615,063
2014-03-12$29.34$28.0011.3%3.9%7.0%36.8%11.6%4.7%0.5%-1.3M2.1M-62.1K0.9749.34N/AN/A37363,42615,064
2014-03-13$29.28$28.0013.5%3.9%7.0%51.1%12.0%3.9%1.3%-1.1M2.1M-62.6K6.7157.05N/AN/A7473,46315,090
2014-03-14$29.13$28.0015.0%4.3%6.9%60.9%14.7%5.4%0.4%-1.0M4.3M-67.2K3.4649.59N/AN/A371283,47015,090
2014-03-17$29.25$28.0014.3%4.1%6.9%56.2%16.8%4.7%-0.2%-1.3M2.2M-60.9K0.0449.04N/AN/A12053,48515,178
2014-03-18$29.33$28.0013.2%3.8%6.9%48.7%13.0%4.8%0.4%-1.4M-412.0K-50.2K0.9756.22N/AN/A3833713,51615,183
2014-03-19$28.99$28.0012.5%3.6%7.6%44.6%12.4%6.3%1.0%-1.7M3.1M-56.9K0.1462.11N/AN/A83123,79815,449
2014-03-20$29.03$28.0012.0%3.4%7.5%41.2%12.1%3.2%1.3%-2.5M2.2M-56.2K1.0032.23N/AN/A20203,83015,428
2014-03-21$29.09$28.0012.2%3.5%7.5%42.2%13.5%3.4%1.0%-2.7M4.8M-60.0K0.0431.42N/AN/A11452,84715,435
2014-03-24$29.03$28.0011.3%3.2%7.3%36.4%11.3%4.9%0.6%-928.7K5.6M-57.7K8.5060.38N/AN/A2171,74113,634
2014-03-25$29.17$28.0010.9%3.1%7.5%34.0%10.9%5.6%1.0%-882.1K4.6M-52.9K0.3181.49N/AN/A49151,74313,641
2014-03-26$29.13$28.0011.7%3.3%7.3%38.8%0.0%5.9%0.1%-911.8K4.6M-52.6K0.0082.75N/AN/A001,79213,653
2014-03-27$29.23$28.0011.6%3.3%7.4%38.6%11.5%5.8%1.2%-838.1K3.4M-48.5K0.0086.64N/AN/A801,79213,653
2014-03-28$29.36$28.0011.5%3.3%7.3%38.0%11.6%0.7%1.0%-814.7K3.7M-49.3K0.0083.43N/AN/A1101,80013,653
2014-03-31$29.55$28.007.8%2.2%7.5%13.7%0.0%3.1%0.5%-693.5K1.3M-35.4K16.6783.49N/AN/A61001,80013,653