EWC Options History — August 2014

In August 2014, EWC traded between $31.60 and $32.86. ATM implied volatility averaged 9.5%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded below realized volatility by 0.5% (HV 20d: 10.0%). Max pain ranged from $32.00 to $33.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 3.09.

Notable Days

  • 2014-08-07: Highest Volume — 3,160 contracts
  • 2014-08-11: Largest IV spike — 25.0% change
  • 2014-08-04: Highest IV Rank — 57.1%
  • 2014-08-12: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.19$31.60$32.86$31.85$32.86
Max Pain$32.57$32.00$33.00$32.00$33.00
ATM IV9.5%7.0%11.8%11.1%8.0%
Expected Move3.7%3.5%3.9%3.8%3.5%
HV 20d10.0%7.6%11.0%9.9%7.6%
HV 60d8.5%8.3%8.8%8.3%8.5%
IV Rank39.3%20.9%57.1%51.6%27.8%
IV Percentile31.6%5.6%56.0%46.8%17.9%
Term Structure1.9%0.3%3.3%0.3%1.3%
VWIV13.9%11.8%18.4%12.3%16.4%
Skew 25d2.7%0.4%5.7%4.1%1.7%
Skew 10d5.9%-1.1%27.7%27.7%1.7%
Call IV 25d9.5%5.7%12.5%10.9%8.6%
Put IV 25d12.2%9.0%15.7%15.0%10.3%
Bid-Ask Spread %66.1160.6873.9563.4273.95
Gamma HHI0.290.260.320.300.27
Net GEX677.9K501.5K811.7K501.5K652.2K
Net DEX-5.2M-8.4M-1.7M-2.9M-8.4M
Net VEX-50.4K-62.5K-45.8K-47.6K-51.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.090.0024.120.8124.12
Total Volume308.524103,16047427
Total OI10,787.14310,39412,13410,39411,001

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-08-01$31.85$32.0011.1%3.8%9.9%51.6%0.0%4.1%0.3%501.5K-2.9M-47.6K0.8163.42N/AN/A26216,3094,085
2014-08-04$32.04$32.0011.8%3.7%9.9%57.1%0.0%2.5%1.4%553.2K-4.0M-48.2K0.7164.01N/AN/A14106,3144,084
2014-08-05$31.65$32.0010.7%3.8%10.7%48.4%0.0%2.9%1.4%505.5K-2.1M-45.8K1.3263.43N/AN/A1582086,3244,094
2014-08-06$31.82$32.0011.0%3.8%10.7%51.1%0.0%2.9%2.0%529.6K-2.7M-47.3K0.9561.83N/AN/A65626,3264,180
2014-08-07$31.60$32.0010.0%3.8%10.8%43.2%12.3%5.5%2.3%524.9K-1.7M-47.5K0.0362.73N/AN/A3,0581026,3764,238
2014-08-08$31.61$33.007.7%3.9%10.6%25.7%17.1%4.0%2.7%677.8K-3.8M-62.5K12.8162.41N/AN/A162057,8954,239
2014-08-11$31.91$33.009.6%3.8%11.0%40.3%0.0%2.5%2.2%763.3K-4.8M-59.3K0.3060.68N/AN/A2067,9024,195
2014-08-12$31.92$33.009.0%3.9%10.8%36.1%15.9%2.3%2.2%574.2K-4.2M-48.7K0.5661.04N/AN/A25146,4024,201
2014-08-13$31.92$33.0010.7%3.8%10.2%48.7%12.6%1.8%3.1%656.7K-4.3M-47.9K0.0066.50N/AN/A4606,3884,176
2014-08-14$32.03$33.0010.4%3.7%10.3%46.6%0.0%2.9%2.7%662.7K-4.6M-48.7K0.0062.15N/AN/A0106,3254,131
2014-08-15$32.12$33.009.9%3.8%9.9%42.5%12.5%4.4%3.3%747.7K-5.2M-46.9K14.4267.89N/AN/A365196,3254,138
2014-08-18$32.20$33.009.5%3.8%10.0%39.6%0.0%4.3%1.2%767.6K-5.2M-51.6K0.1666.41N/AN/A3256,1594,459
2014-08-19$32.34$33.009.6%3.7%10.0%40.1%11.9%5.7%1.5%768.1K-5.8M-51.1K0.5766.48N/AN/A746,1784,457
2014-08-20$32.42$33.009.7%3.8%9.8%41.0%12.5%0.8%1.4%803.7K-6.1M-49.7K0.0565.58N/AN/A208106,1854,461
2014-08-21$32.50$32.009.0%3.7%9.9%36.0%0.0%0.9%2.2%803.5K-6.7M-50.5K0.8372.53N/AN/A656,2574,471
2014-08-22$32.44$32.009.4%3.8%9.9%39.0%18.4%0.4%1.9%758.8K-6.3M-51.0K1.3868.94N/AN/A821136,1984,473
2014-08-25$32.47$32.008.9%3.7%9.9%35.0%13.5%0.6%2.2%811.7K-6.8M-49.4K1.5572.51N/AN/A62966,2204,504
2014-08-26$32.61$32.007.0%3.5%9.8%20.9%11.8%2.5%1.8%797.7K-7.0M-49.7K0.9567.73N/AN/A1351286,2614,599
2014-08-27$32.85$33.008.2%3.5%10.1%30.0%12.2%1.2%0.8%671.6K-8.3M-51.8K0.1867.69N/AN/A103196,3074,690
2014-08-28$32.83$33.007.6%3.5%8.6%25.5%16.4%2.0%1.7%704.2K-8.0M-51.2K0.0070.41N/AN/A41606,3034,700
2014-08-29$32.86$33.008.0%3.5%7.6%27.8%0.0%1.7%1.3%652.2K-8.4M-51.2K24.1273.95N/AN/A174106,3014,700