EWC Options History — November 2014

In November 2014, EWC traded between $29.07 and $30.99. ATM implied volatility averaged 14.2%, placing in the 56.9% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded below realized volatility by 3.7% (HV 20d: 17.9%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.50.

Notable Days

  • 2014-11-21: Highest Volume — 3,380 contracts
  • 2014-11-07: Largest IV drop — 21.7% change
  • 2014-11-04: Highest IV Rank — 69.8%
  • 2014-11-03: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.16$29.07$30.99$29.46$29.94
Max Pain$31.00$31.00$31.00$31.00$31.00
ATM IV14.2%11.3%16.5%15.4%15.9%
Expected Move3.9%3.4%4.5%4.5%4.2%
HV 20d17.9%13.9%21.9%21.9%18.5%
HV 60d16.0%15.0%17.6%15.0%17.6%
IV Rank56.9%40.3%69.8%63.7%66.8%
IV Percentile86.2%59.5%96.0%95.2%94.8%
Term Structure-0.7%-2.6%1.0%0.8%-1.3%
VWIV15.6%13.3%16.5%15.8%16.2%
Skew 25d3.7%1.1%6.2%3.1%5.6%
Skew 10d9.8%2.9%15.4%8.8%12.0%
Call IV 25d13.5%10.9%18.0%14.3%12.5%
Put IV 25d17.2%14.7%19.4%17.5%18.1%
Bid-Ask Spread %76.3462.5083.6281.2079.77
Gamma HHI0.350.190.770.340.19
Net GEX-1.3M-2.5M508.4K-2.2M-58.1K
Net DEX5.2M-4.1M16.7M13.0M5.5M
Net VEX-41.9K-62.2K-28.2K-41.1K-52.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.016.886.881.73
Total Volume1,089.36883,3802,773134
Total OI19,606.84214,09621,80819,99515,515

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-11-03$29.46$31.0015.4%4.5%21.9%63.7%15.8%3.1%0.8%-2.2M13.0M-41.1K6.8881.20N/AN/A3522,4217,66112,334
2014-11-04$29.07$31.0016.5%4.3%21.7%69.8%16.3%1.1%-0.3%-2.2M16.7M-40.6K1.9476.08N/AN/A3126067,71112,456
2014-11-05$29.44$31.0016.1%4.2%21.7%67.8%16.2%4.6%0.3%-2.3M13.3M-39.6K1.6573.16N/AN/A3045037,74112,404
2014-11-06$29.35$31.0015.2%4.4%20.6%62.4%16.5%3.9%1.0%-2.4M14.0M-41.2K1.5373.94N/AN/A3194877,77412,472
2014-11-07$29.85$31.0011.9%3.7%21.2%43.5%15.8%3.1%-0.2%-2.3M8.9M-38.5K1.3778.30N/AN/A3725087,77512,456
2014-11-10$29.78$31.0012.7%3.8%19.7%48.3%15.8%2.7%-0.6%-2.2M9.1M-36.6K1.5576.47N/AN/A3024677,80812,461
2014-11-11$30.02$31.0011.3%3.7%19.8%40.3%15.7%3.2%-1.4%-2.2M7.3M-30.5K1.3580.85N/AN/A3554787,67612,419
2014-11-12$30.24$31.0013.8%3.8%17.9%54.2%15.8%4.2%-1.2%-1.9M4.7M-28.2K1.2077.72N/AN/A3834607,91912,504
2014-11-13$29.98$31.0014.8%3.8%17.9%60.4%16.2%2.7%-1.6%-2.0M6.2M-32.3K0.3378.78N/AN/A1,3904547,96712,507
2014-11-14$30.32$31.0015.7%3.8%17.9%65.6%0.0%2.9%-2.6%-2.5M1.3M-33.5K0.0183.62N/AN/A35958,94312,504
2014-11-17$30.31$31.0014.3%3.8%17.9%57.4%16.0%4.0%-1.2%-1.1M1.8M-40.4K0.6674.52N/AN/A7004609,26412,509
2014-11-18$30.50$31.0014.2%3.8%16.6%57.1%15.9%4.1%-1.0%-686.6K517.7K-40.1K0.7076.61N/AN/A6134309,29112,511
2014-11-19$30.44$31.0014.6%3.8%14.8%59.1%13.3%4.2%-1.6%-686.1K420.0K-36.4K0.2364.73N/AN/A4099,29812,510
2014-11-20$30.72$31.0012.7%3.4%14.5%47.9%14.7%6.2%0.3%-128.5K-1.3M-39.8K0.6762.50N/AN/A6684499,31712,352
2014-11-21$30.99$31.0012.6%3.5%14.6%47.6%15.4%1.4%0.1%508.4K-4.1M-44.0K3.2779.16N/AN/A7912,5899,33312,346
2014-11-24$30.70$31.0014.3%3.7%15.0%57.7%14.1%5.4%-0.2%178.2K717.0K-56.5K1.7077.47N/AN/A4517688,7085,388
2014-11-25$30.91$31.0014.1%3.7%14.3%56.3%15.9%3.0%-1.2%241.4K-393.2K-61.6K1.2278.53N/AN/A7899629,1406,046
2014-11-26$30.94$31.0014.0%3.7%13.9%55.6%0.0%5.1%-1.3%183.5K168.2K-62.2K0.6077.01N/AN/A539,1416,369
2014-11-28$29.94$31.0015.9%4.2%18.5%66.8%16.2%5.6%-1.3%-58.1K5.5M-52.6K1.7379.77N/AN/A49859,1466,369