EWC Options History — April 2014

In April 2014, EWC traded between $29.50 and $30.54. ATM implied volatility averaged 9.9%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded below realized volatility by 0.1% (HV 20d: 10.0%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2014-04-23: Highest Volume — 263 contracts
  • 2014-04-08: Largest IV spike — 53.4% change
  • 2014-04-11: Highest IV Rank — 50.3%
  • 2014-04-11: Largest Expected Move — 3.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.90$29.50$30.54$29.70$30.54
Max Pain$29.71$28.00$30.00$28.00$30.00
ATM IV9.9%6.4%13.4%8.0%6.4%
Expected Move2.9%1.8%3.8%2.3%1.8%
HV 20d10.0%7.4%11.5%7.6%11.1%
HV 60d9.8%9.0%10.6%9.5%9.0%
IV Rank27.3%4.6%50.3%15.1%4.6%
IV Percentile14.1%0.4%57.1%2.0%0.4%
Term Structure1.2%0.4%3.5%2.2%3.5%
VWIV11.4%9.5%21.6%11.3%10.3%
Skew 25d3.3%-2.8%5.8%3.1%3.2%
Skew 10d8.0%-3.0%34.3%0.6%34.3%
Call IV 25d9.3%7.0%11.2%9.0%7.0%
Put IV 25d12.6%8.0%15.2%12.1%10.2%
Bid-Ask Spread %97.3784.91111.2087.62111.20
Gamma HHI0.530.300.590.580.30
Net GEX-508.9K-759.7K161.8K-718.5K161.8K
Net DEX554.0K-2.8M2.5M1.7M-2.8M
Net VEX-31.2K-42.3K-11.7K-38.7K-11.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.002.821.820.00
Total Volume69.81626310714
Total OI15,639.47615,19915,88215,56415,658

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$29.70$28.008.0%2.3%7.6%15.1%11.3%3.1%2.2%-718.5K1.7M-38.7K1.8287.62N/AN/A38691,81613,748
2014-04-02$29.84$28.009.4%2.7%7.5%23.9%0.0%-2.8%0.9%-628.4K1.5M-40.0K0.8185.57N/AN/A77621,81613,765
2014-04-03$29.68$28.008.8%2.5%7.8%20.5%10.6%2.1%1.6%-683.7K1.9M-40.4K0.7084.91N/AN/A43301,88113,822
2014-04-04$29.84$30.0010.0%3.2%7.4%27.8%0.0%4.7%0.9%-608.6K1.1M-36.7K0.9590.65N/AN/A20191,87613,847
2014-04-07$29.56$30.007.0%3.1%8.3%8.5%0.0%5.5%0.4%-726.2K2.2M-42.3K0.8089.31N/AN/A541,86613,855
2014-04-08$29.93$30.0010.8%3.2%9.2%32.9%0.0%2.5%1.1%-603.0K1.2M-38.6K0.1592.40N/AN/A3351,86613,855
2014-04-09$30.20$30.009.1%3.2%9.5%22.2%0.0%3.1%0.9%-489.7K-155.3K-30.3K0.0295.43N/AN/A5111,88913,850
2014-04-10$29.75$30.0011.6%3.3%11.2%38.1%21.6%5.8%0.6%-670.3K1.9M-41.8K0.0094.66N/AN/A601,92113,851
2014-04-11$29.50$30.0013.4%3.8%11.4%50.3%12.2%3.9%0.4%-759.7K2.5M-41.6K0.8294.44N/AN/A39321,92613,851
2014-04-14$29.65$30.0011.7%3.3%11.5%39.0%11.7%4.2%0.5%-694.7K1.8M-37.3K0.1794.26N/AN/A1221,93613,856
2014-04-15$29.66$30.0011.6%3.3%11.5%38.4%0.0%4.7%0.5%-607.3K542.8K-30.9K2.8296.63N/AN/A17481,94513,858
2014-04-16$29.83$30.0010.9%3.1%10.6%34.2%0.0%4.1%0.8%-483.1K-233.1K-27.8K0.0496.37N/AN/A11851,91913,876
2014-04-17$29.94$30.0010.1%2.9%10.7%28.8%10.2%3.6%1.0%-357.5K-1.1M-23.2K0.2699.39N/AN/A39102,00613,876
2014-04-21$29.93$30.009.6%2.8%10.7%25.4%9.6%2.8%1.2%-468.8K180.5K-24.7K2.05100.71N/AN/A571171,44013,759
2014-04-22$30.02$30.009.6%2.7%10.6%25.1%9.5%2.4%1.8%-435.6K258.0K-26.9K0.00102.89N/AN/A1001,48813,874
2014-04-23$29.98$30.009.3%2.7%10.6%23.5%11.3%2.6%1.9%-460.7K576.4K-28.0K0.2399.98N/AN/A213501,49813,874
2014-04-24$30.00$30.009.5%2.7%10.6%25.0%9.5%3.3%1.8%-442.6K251.4K-27.6K0.65110.81N/AN/A17111,65713,899
2014-04-25$29.96$30.009.7%2.8%10.6%25.9%9.6%3.4%1.8%-468.4K148.2K-26.8K1.33105.61N/AN/A9121,67113,898
2014-04-28$30.00$30.0010.5%3.0%10.5%31.2%0.0%3.4%1.2%-447.0K321.8K-27.0K1.15106.88N/AN/A13151,67313,899
2014-04-29$30.38$30.0010.8%3.1%11.1%33.2%10.8%3.5%1.3%-94.8K-2.2M-13.6K0.08104.95N/AN/A133101,67413,894
2014-04-30$30.54$30.006.4%1.8%11.1%4.6%10.3%3.2%3.5%161.8K-2.8M-11.7K0.00111.20N/AN/A1401,75413,904