EWC Options History — December 2014

In December 2014, EWC traded between $27.17 and $30.07. ATM implied volatility averaged 18.3%, placing in the 75.9% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 2.9% (HV 20d: 21.2%). Max pain ranged from $25.00 to $31.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 80.02.

Notable Days

  • 2014-12-04: Highest Volume — 37,180 contracts
  • 2014-12-12: Largest IV spike — 24.9% change
  • 2014-12-10: Highest IV Rank — 100.0%
  • 2014-12-15: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.61$27.17$30.07$29.84$28.86
Max Pain$28.90$25.00$31.00$31.00$28.00
ATM IV18.3%14.5%23.4%16.6%17.2%
Expected Move5.1%4.0%6.4%4.0%5.1%
HV 20d21.2%17.5%23.9%18.5%21.0%
HV 60d19.3%17.5%20.2%17.6%20.0%
IV Rank75.9%53.5%100.0%70.7%67.5%
IV Percentile94.9%84.9%100.0%96.4%93.7%
Term Structure0.2%-3.1%2.5%-2.1%0.2%
VWIV21.5%13.2%27.9%15.8%21.9%
Skew 25d4.6%1.2%8.0%2.8%6.0%
Skew 10d9.7%1.6%21.5%1.6%14.1%
Call IV 25d16.3%12.5%22.3%16.5%14.5%
Put IV 25d20.9%17.3%27.3%19.3%20.5%
Bid-Ask Spread %60.7826.3990.6426.3926.93
Gamma HHI0.380.150.530.200.41
Net GEX-2.6M-3.5M-25.6K-190.9K-3.3M
Net DEX39.4M4.8M64.0M6.4M40.2M
Net VEX-273.2K-368.3K-46.2K-46.2K-351.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio80.020.791615.520.7919.50
Total Volume11,145.1364137,1802,21641
Total OI63,86315,59582,65815,59582,658

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$29.84$31.0016.6%4.0%18.5%70.7%15.8%2.8%-2.1%-190.9K6.4M-46.2K0.7926.39N/AN/A1,2409769,1656,430
2014-12-02$29.72$31.0016.2%4.1%17.8%68.2%16.0%6.9%-0.6%-125.7K6.4M-49.7K0.9138.56N/AN/A1,3511,2259,3166,573
2014-12-03$30.07$31.0016.6%4.2%17.5%70.4%16.9%4.9%-1.7%-25.6K4.8M-56.2K0.8346.20N/AN/A1,1109249,5556,846
2014-12-04$29.46$31.0018.0%4.4%18.7%78.8%13.2%4.9%-3.1%-207.1K8.2M-48.7K1615.5278.97N/AN/A2337,1579,9177,148
2014-12-05$29.28$31.0016.9%4.4%18.8%72.0%19.0%4.8%0.5%-2.1M30.5M-217.3K32.2669.36N/AN/A85027,4179,90544,231
2014-12-08$28.50$31.0020.1%4.7%19.9%90.8%24.4%2.5%-0.1%-3.1M44.6M-266.7K12.2172.19N/AN/A2,14626,2079,98650,275
2014-12-09$28.66$31.0020.0%4.5%20.1%90.1%17.1%4.0%-0.0%-3.5M45.9M-279.4K14.3175.45N/AN/A1,64923,60310,46354,523
2014-12-10$27.85$31.0022.7%5.1%21.8%100.0%17.6%3.9%-0.5%-3.5M56.6M-274.3K7.4175.51N/AN/A2,87621,30510,50954,974
2014-12-11$27.83$29.0018.2%5.3%21.5%75.4%19.3%4.1%1.1%-3.2M53.7M-292.5K2.0234.88N/AN/A3,0516,15112,52955,021
2014-12-12$27.39$29.0022.7%6.3%21.8%100.0%21.9%5.8%-0.5%-3.1M60.4M-313.0K2.1134.83N/AN/A3,0836,50514,36857,268
2014-12-15$27.17$29.0023.4%6.4%21.1%100.0%22.0%5.7%-0.6%-3.2M64.0M-304.8K2.3437.79N/AN/A3,2937,70214,41558,172
2014-12-16$27.58$29.0022.1%6.1%22.2%93.3%27.2%4.0%-1.4%-3.4M62.4M-346.6K4.7949.83N/AN/A1,0605,07814,76663,200
2014-12-17$27.85$29.0021.0%6.0%22.5%87.5%27.9%8.0%-0.2%-3.4M55.1M-352.4K1.8872.76N/AN/A1,2072,27114,59563,492
2014-12-18$28.23$29.0019.2%5.8%23.4%78.2%22.1%3.8%1.1%-3.0M46.8M-339.7K1.2437.98N/AN/A1,4481,79314,68863,358
2014-12-19$28.56$29.0016.5%5.2%23.6%63.8%23.1%7.3%1.6%-3.1M42.0M-342.1K3.8537.20N/AN/A5462,10214,53964,194
2014-12-22$28.35$0.0018.0%5.4%23.1%71.9%27.7%3.6%0.9%-3.1M41.5M-336.2K7.8885.01N/AN/A1,2179,58912,47062,805
2014-12-23$28.72$25.0014.5%4.8%23.9%53.5%25.8%2.3%2.5%-3.5M41.3M-368.3K7.7584.84N/AN/A1,2279,51112,49969,951
2014-12-24$28.76$25.0015.7%4.9%23.6%59.5%25.4%4.7%1.8%-3.5M40.9M-362.4K6.9183.60N/AN/A1,2338,51612,53269,951
2014-12-26$28.88$25.0014.8%4.9%23.7%54.9%25.1%5.4%2.1%-3.2M38.6M-357.4K6.8690.53N/AN/A1,2368,47512,54269,974
2014-12-29$28.90$25.0016.0%5.0%21.1%61.4%21.9%1.2%1.7%-3.2M37.7M-351.6K6.0287.66N/AN/A1,2457,49312,57669,994
2014-12-30$28.86$28.0015.9%5.0%21.0%60.9%0.0%5.0%1.8%-3.2M39.1M-353.2K3.0790.64N/AN/A154612,58570,028
2014-12-31$28.86$28.0017.2%5.1%21.0%67.5%0.0%6.0%0.2%-3.3M40.2M-351.7K19.5026.93N/AN/A23912,58870,070