EWC Options History — February 2015

In February 2015, EWC traded between $27.14 and $28.36. ATM implied volatility averaged 18.9%, placing in the 70.5% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 3.1% (HV 20d: 22.0%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 2.80.

Notable Days

  • 2015-02-24: Highest Volume — 15,754 contracts
  • 2015-02-12: Largest IV drop — 19.4% change
  • 2015-02-11: Highest IV Rank — 94.5%
  • 2015-02-11: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.82$27.14$28.36$27.14$28.07
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV18.9%15.0%23.8%21.8%15.8%
Expected Move5.4%4.3%6.8%6.2%4.5%
HV 20d22.0%20.0%23.1%21.1%20.0%
HV 60d20.7%19.7%21.1%19.7%20.0%
IV Rank70.5%51.5%94.5%84.3%55.5%
IV Percentile85.2%71.0%98.4%95.2%73.0%
Term Structure0.5%-1.7%2.2%-0.5%0.6%
VWIV22.8%14.0%32.4%21.9%14.0%
Skew 25d6.6%4.9%8.6%6.5%5.6%
Skew 10d14.9%10.4%20.3%15.5%11.3%
Call IV 25d16.8%13.6%19.2%18.9%14.1%
Put IV 25d23.4%19.4%27.4%25.4%19.7%
Bid-Ask Spread %57.1624.2996.5526.4144.96
Gamma HHI0.290.250.310.290.30
Net GEX-4.9M-6.4M-4.1M-4.8M-6.4M
Net DEX55.1M40.0M69.5M69.5M56.4M
Net VEX-330.6K-357.1K-290.5K-351.7K-357.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.800.337.144.333.86
Total Volume4,967.5795715,7542887,741
Total OI97,797.89591,206114,83791,493114,837

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-02-02$27.14$28.0021.8%6.2%21.1%84.3%21.9%6.5%-0.5%-4.8M69.5M-351.7K4.3326.41N/AN/A5423413,73077,763
2015-02-03$27.87$28.0019.1%5.5%21.6%71.5%15.3%8.6%-0.3%-4.4M50.9M-323.9K1.3624.29N/AN/A1,3441,82613,47477,785
2015-02-04$27.35$28.0021.7%6.2%22.0%84.2%20.0%6.1%0.6%-4.5M66.8M-352.4K1.4025.97N/AN/A1,3361,86813,50777,699
2015-02-05$27.88$28.0018.6%5.8%23.1%69.0%25.3%7.3%0.2%-4.5M55.5M-343.6K1.6027.63N/AN/A1,2902,06013,51177,743
2015-02-06$27.58$28.0020.1%5.8%22.9%76.5%29.0%7.2%0.4%-4.6M61.6M-342.9K0.8136.37N/AN/A1,2641,02313,50677,968
2015-02-09$27.80$28.0022.9%5.9%22.9%90.0%29.7%8.3%0.9%-4.4M55.5M-341.1K0.6874.30N/AN/A1,35491813,52678,040
2015-02-10$27.60$28.0020.2%5.8%22.2%76.7%21.3%7.4%0.1%-4.6M58.0M-312.6K0.3379.68N/AN/A3,3411,11813,49878,027
2015-02-11$27.49$28.0023.8%6.8%22.1%94.5%24.7%8.1%-1.7%-4.1M61.7M-349.0K1.5183.49N/AN/A3,3455,06315,49878,180
2015-02-12$27.98$28.0019.2%5.5%22.8%72.1%25.3%7.0%1.0%-4.7M50.9M-338.4K4.0486.52N/AN/A1,2455,03215,51082,206
2015-02-13$28.09$28.0019.4%5.6%22.6%73.1%24.6%6.6%0.3%-4.3M50.2M-342.9K3.3187.27N/AN/A1,5385,08415,52282,237
2015-02-17$28.36$28.0019.2%5.5%22.0%72.0%25.8%6.2%0.8%-4.4M40.0M-316.2K3.1790.10N/AN/A1,5364,86915,78282,470
2015-02-18$28.07$28.0018.6%5.3%21.9%69.3%32.4%6.7%0.6%-4.4M45.4M-290.5K2.1996.55N/AN/A1,2562,75415,79982,278
2015-02-19$27.83$28.0017.4%5.0%22.2%63.2%19.6%6.0%1.3%-4.9M52.9M-313.5K7.1459.16N/AN/A75015,79782,263
2015-02-20$27.71$28.0017.0%4.9%22.2%61.3%17.3%5.3%1.4%-5.3M55.0M-309.3K2.9163.75N/AN/A339615,80182,254
2015-02-23$27.71$28.0016.6%4.8%22.2%59.6%29.5%5.9%-0.1%-5.3M55.8M-297.9K3.2357.07N/AN/A1,1063,57015,44781,636
2015-02-24$27.89$28.0016.0%4.6%22.2%56.4%18.1%4.9%0.9%-5.5M54.7M-315.4K3.4848.75N/AN/A3,51712,23715,99386,244
2015-02-25$28.13$28.0015.0%4.3%22.3%51.5%22.5%5.8%2.2%-5.5M52.8M-350.4K4.6145.88N/AN/A1,5557,17215,99094,190
2015-02-26$27.97$28.0016.4%4.7%20.3%58.3%16.1%5.3%0.6%-5.9M54.2M-331.6K3.2227.98N/AN/A1,5514,99715,99396,456
2015-02-27$28.07$28.0015.8%4.5%20.0%55.5%14.0%5.6%0.6%-6.4M56.4M-357.1K3.8644.96N/AN/A1,5926,14915,99798,840