EWC Options History — May 2014

In May 2014, EWC traded between $30.34 and $30.86. ATM implied volatility averaged 7.7%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 2.6%. IV traded below realized volatility by 0.4% (HV 20d: 8.1%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 14.74.

Notable Days

  • 2014-05-20: Highest Volume — 5,037 contracts
  • 2014-05-02: Largest IV drop — 45.4% change
  • 2014-05-16: Highest IV Rank — 32.5%
  • 2014-05-09: Largest Expected Move — 3.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.60$30.34$30.86$30.49$30.70
Max Pain$29.10$29.00$30.00$30.00$29.00
ATM IV7.7%5.5%10.6%10.2%7.1%
Expected Move2.6%1.6%3.1%2.9%2.0%
HV 20d8.1%6.7%11.1%11.1%7.0%
HV 60d8.6%8.4%9.0%9.0%8.6%
IV Rank14.1%0.0%32.5%29.1%10.1%
IV Percentile6.7%0.0%21.0%14.7%4.0%
Term Structure1.4%-0.2%3.1%1.5%1.5%
VWIV10.1%7.3%15.8%10.1%7.6%
Skew 25d2.9%1.8%4.6%3.4%2.6%
Skew 10d10.0%0.7%38.7%38.7%4.4%
Call IV 25d8.0%6.3%9.2%6.6%7.1%
Put IV 25d11.0%9.2%12.8%10.1%9.7%
Bid-Ask Spread %89.5884.87101.43101.4390.62
Gamma HHI0.330.240.390.300.30
Net GEX200.9K-15.0K295.3K-15.0K268.3K
Net DEX-3.0M-3.5M-2.4M-2.4M-2.8M
Net VEX-10.9K-15.3K-8.4K-15.3K-12.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio14.740.02166.9023.170.24
Total Volume332.42905,03714541
Total OI14,323.14311,06415,97915,66411,831

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-05-01$30.49$30.0010.2%2.9%11.1%29.1%10.1%3.4%1.5%-15.0K-2.4M-15.3K23.17101.43N/AN/A61391,76013,904
2014-05-02$30.63$30.005.5%1.6%10.9%0.0%0.0%4.0%3.1%85.9K-2.8M-12.0K0.8897.64N/AN/A871,75714,029
2014-05-05$30.55$29.005.7%2.9%10.9%0.9%0.0%4.6%2.1%167.6K-2.8M-11.8K0.0085.39N/AN/A001,76414,027
2014-05-06$30.57$29.005.9%2.9%10.2%2.2%11.8%4.0%1.6%162.4K-2.9M-10.7K1.0087.09N/AN/A221,76414,027
2014-05-07$30.62$29.006.3%2.8%9.3%4.8%10.6%3.7%1.7%161.8K-3.0M-11.1K0.0288.98N/AN/A9621,76414,029
2014-05-08$30.60$29.007.1%2.9%8.9%9.7%10.6%3.1%1.3%181.2K-3.1M-11.0K0.1789.43N/AN/A99171,84114,029
2014-05-09$30.39$29.007.1%3.1%7.3%10.1%10.8%3.6%1.8%189.5K-2.8M-11.9K68.0089.18N/AN/A1681,87714,046
2014-05-12$30.64$29.006.9%2.6%6.8%9.0%10.4%2.9%1.9%210.2K-3.2M-11.0K0.1789.37N/AN/A2951,87814,070
2014-05-13$30.66$29.008.0%2.7%6.7%15.6%10.4%2.1%1.3%207.8K-3.2M-10.8K0.1289.66N/AN/A3441,87214,075
2014-05-14$30.71$29.007.1%2.7%6.7%10.3%10.8%2.3%1.6%189.9K-3.3M-10.8K1.7984.87N/AN/A47841,87514,078
2014-05-15$30.55$29.009.2%2.6%7.0%23.4%9.4%2.4%1.4%208.1K-2.9M-10.9K1.3589.01N/AN/A20271,87114,099
2014-05-16$30.46$29.0010.6%3.0%7.0%32.5%8.3%3.7%1.2%211.8K-2.8M-11.1K0.2389.68N/AN/A1331,87214,107
2014-05-19$30.52$29.009.2%2.7%7.0%23.8%12.2%2.8%-0.2%209.6K-2.8M-10.6K0.3886.69N/AN/A32121,81814,033
2014-05-20$30.34$29.0010.2%2.9%7.4%30.2%15.8%2.7%1.1%198.0K-2.6M-11.0K166.9088.33N/AN/A305,0071,82314,039
2014-05-21$30.60$29.007.2%2.1%7.9%11.0%8.1%2.6%1.7%252.1K-3.1M-9.5K10.0087.71N/AN/A3301,8389,246
2014-05-22$30.75$29.008.4%2.4%8.0%18.6%8.7%2.0%1.0%238.2K-3.4M-9.3K5.8088.29N/AN/A5291,8389,259
2014-05-23$30.86$29.008.2%2.4%8.0%17.3%8.2%1.8%1.5%258.8K-3.5M-8.5K5.2087.84N/AN/A5261,8389,278
2014-05-27$30.74$29.007.9%2.3%8.2%14.9%10.8%2.6%0.3%252.6K-3.2M-8.4K1.3087.31N/AN/A1742261,7789,286
2014-05-28$30.62$29.007.2%2.1%7.2%10.6%7.3%2.5%1.0%295.3K-2.9M-10.2K4.0090.03N/AN/A3121,8349,396
2014-05-29$30.65$29.007.4%2.1%7.0%12.0%7.6%2.6%0.3%284.1K-3.1M-9.6K4.0692.70N/AN/A1255081,8359,401
2014-05-30$30.70$29.007.1%2.0%7.0%10.1%0.0%2.6%1.5%268.3K-2.8M-12.4K0.2490.62N/AN/A3381,9269,905