EWC Options History — July 2014

In July 2014, EWC traded between $32.00 and $32.74. ATM implied volatility averaged 8.7%, placing in the 32.8% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 0.2% (HV 20d: 8.5%). Max pain ranged from $29.00 to $33.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.05.

Notable Days

  • 2014-07-29: Highest Volume — 3,165 contracts
  • 2014-07-07: Largest IV spike — 153.4% change
  • 2014-07-31: Highest IV Rank — 60.7%
  • 2014-07-31: Largest Expected Move — 3.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.41$32.00$32.74$32.37$32.16
Max Pain$31.40$29.00$33.00$32.00$33.00
ATM IV8.7%4.3%12.3%8.3%12.3%
Expected Move3.0%1.2%3.8%2.4%3.8%
HV 20d8.5%7.0%9.8%7.0%9.6%
HV 60d7.5%6.9%8.4%8.4%8.0%
IV Rank32.8%0.0%60.7%21.7%60.7%
IV Percentile22.3%0.0%64.3%17.1%64.3%
Term Structure0.8%-0.9%1.8%0.8%-0.9%
VWIV10.0%5.9%13.5%9.3%13.5%
Skew 25d3.4%1.5%6.8%2.2%6.8%
Skew 10d10.5%2.0%39.8%3.4%9.5%
Call IV 25d7.9%5.4%10.4%6.2%8.4%
Put IV 25d11.3%8.4%15.2%8.4%15.2%
Bid-Ask Spread %38.789.6268.699.7547.84
Gamma HHI0.510.300.710.690.30
Net GEX370.5K127.2K668.3K668.3K537.5K
Net DEX-4.6M-7.0M-2.9M-6.8M-5.0M
Net VEX-28.5K-54.2K-22.2K-24.8K-54.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.009.290.150.34
Total Volume387.5203,165662441
Total OI7,213.7736,08610,4636,53910,463

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$32.37$32.008.3%2.4%7.0%21.7%0.0%2.2%0.8%668.3K-6.8M-24.8K0.159.75N/AN/A574883,6952,844
2014-07-02$32.39$32.009.4%2.7%7.0%30.3%9.3%6.4%-0.3%568.3K-5.8M-24.2K0.309.62N/AN/A105323,4322,932
2014-07-03$32.54$32.004.3%1.2%7.0%0.0%0.0%3.3%1.0%585.3K-6.6M-22.5K0.0218.26N/AN/A643153,4482,933
2014-07-07$32.28$32.0010.9%2.6%7.9%50.0%0.0%1.8%1.2%516.0K-5.0M-22.2K0.0935.84N/AN/A182173,1862,942
2014-07-08$32.28$29.007.7%2.8%7.9%25.8%0.0%4.1%0.8%459.9K-4.9M-22.8K0.8157.80N/AN/A114923,1502,936
2014-07-09$32.47$29.006.8%2.9%8.0%19.1%9.8%2.9%0.2%443.9K-5.4M-22.5K9.2914.64N/AN/A908363,2483,026
2014-07-10$32.29$29.0010.6%3.0%8.4%47.8%0.0%3.3%0.5%374.2K-4.4M-28.4K0.0540.47N/AN/A1913,2683,855
2014-07-11$32.07$29.009.6%2.8%9.0%40.4%10.4%2.1%1.0%370.5K-3.3M-30.3K0.0051.90N/AN/A9903,2743,856
2014-07-14$32.22$29.008.8%2.5%8.8%34.4%5.9%4.7%1.4%384.6K-3.8M-28.5K1.3911.31N/AN/A66923,2283,856
2014-07-15$32.00$33.009.3%2.7%9.2%37.7%10.6%4.0%1.1%357.9K-2.9M-29.0K0.6912.61N/AN/A1901313,2583,948
2014-07-16$32.29$33.008.8%2.5%9.6%34.0%8.8%5.2%0.9%381.1K-3.9M-27.1K0.7411.10N/AN/A62463,2034,051
2014-07-17$32.21$33.0010.7%3.1%9.5%48.3%10.7%5.3%0.1%300.5K-3.3M-28.0K2.1019.21N/AN/A501053,1914,051
2014-07-18$32.45$33.009.9%2.8%9.8%42.7%10.2%3.6%1.1%301.4K-4.2M-26.1K1.3515.18N/AN/A951283,1794,155
2014-07-21$32.42$0.0010.6%3.7%9.6%47.7%0.0%3.5%0.3%282.7K-3.9M-26.4K2.4068.25N/AN/A811943,0803,739
2014-07-22$32.58$0.007.6%3.3%9.7%25.4%0.0%2.8%1.2%254.3K-4.2M-25.4K0.7268.69N/AN/A113813,0923,892
2014-07-23$32.74$0.007.3%3.3%8.9%23.3%0.0%1.5%1.8%127.2K-4.2M-25.9K0.2466.30N/AN/A51123,0743,969
2014-07-24$32.72$0.007.7%3.4%8.6%25.6%0.0%1.9%1.6%135.6K-4.3M-25.7K1.8462.79N/AN/A37683,0893,974
2014-07-25$32.65$0.007.8%3.4%8.4%26.7%0.0%2.7%1.3%129.4K-4.0M-27.2K0.3062.97N/AN/A186553,1223,983
2014-07-28$32.68$0.008.4%3.4%8.0%31.4%0.0%2.0%0.6%193.4K-4.5M-27.0K0.1866.95N/AN/A88163,2954,021
2014-07-29$32.51$0.007.3%3.4%8.2%22.6%11.0%1.5%0.2%183.7K-4.1M-26.5K0.0046.38N/AN/A3,15783,3154,031
2014-07-30$32.61$33.007.8%3.4%8.1%26.6%0.0%2.5%0.9%594.2K-7.0M-52.4K0.0355.32N/AN/A6326,3804,039
2014-07-31$32.16$33.0012.3%3.8%9.6%60.7%13.5%6.8%-0.9%537.5K-5.0M-54.2K0.3447.84N/AN/A3301116,4224,041