EWC Options History — March 2015

In March 2015, EWC traded between $26.56 and $28.02. ATM implied volatility averaged 18.8%, placing in the 70.1% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 2.1% (HV 20d: 16.7%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 12.87.

Notable Days

  • 2015-03-10: Highest Volume — 8,504 contracts
  • 2015-03-26: Largest IV spike — 29.1% change
  • 2015-03-10: Highest IV Rank — 83.3%
  • 2015-03-26: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.27$26.56$28.02$28.02$27.14
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV18.8%16.1%21.6%16.1%21.3%
Expected Move5.4%4.6%6.2%4.6%6.1%
HV 20d16.7%13.0%19.9%19.9%19.9%
HV 60d19.1%18.1%20.0%20.0%19.6%
IV Rank70.1%57.0%83.3%57.0%82.0%
IV Percentile82.8%70.2%92.5%74.6%91.7%
Term Structure0.7%-1.0%1.8%1.8%-1.0%
VWIV20.0%11.3%29.3%16.4%22.9%
Skew 25d5.9%2.9%8.0%3.4%6.7%
Skew 10d15.1%8.2%21.9%9.1%17.3%
Call IV 25d17.0%12.4%19.8%16.3%18.1%
Put IV 25d22.8%19.5%26.5%19.7%24.8%
Bid-Ask Spread %50.6022.99102.3028.7143.28
Gamma HHI0.290.240.390.300.26
Net GEX-7.1M-10.4M-5.5M-6.8M-5.8M
Net DEX79.7M59.2M112.0M60.8M68.4M
Net VEX-317.0K-376.0K-258.4K-369.1K-259.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.870.2681.460.555.18
Total Volume2,666.3181808,5042,3774,857
Total OI107,888.36481,354120,934119,38282,456

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$28.02$28.0016.1%4.6%19.9%57.0%16.4%3.4%1.8%-6.8M60.8M-369.1K0.5528.71N/AN/A1,53284516,034103,348
2015-03-03$27.88$28.0017.0%4.9%18.0%61.5%18.1%2.9%0.6%-6.7M61.4M-345.3K0.6335.40N/AN/A1,09068516,040103,580
2015-03-04$27.90$28.0017.0%4.9%15.4%61.6%18.3%7.6%1.1%-6.7M67.6M-376.0K0.5029.76N/AN/A1,11055716,003103,616
2015-03-05$27.78$28.0016.8%4.9%13.8%60.3%19.0%6.3%1.3%-6.9M70.0M-372.5K2.8260.38N/AN/A1,1313,18616,027103,681
2015-03-06$27.30$28.0020.4%5.8%13.4%78.0%21.6%6.8%0.4%-7.2M81.0M-337.0K0.6462.44N/AN/A1,22378316,062101,778
2015-03-09$27.16$28.0021.2%5.7%13.0%81.8%0.0%5.6%0.8%-7.5M82.6M-323.8K6.4758.57N/AN/A4025916,099101,947
2015-03-10$26.59$28.0021.6%6.1%14.4%83.3%23.0%6.7%0.1%-7.6M104.9M-324.8K64.4261.44N/AN/A1308,37416,099102,158
2015-03-11$26.60$28.0020.0%5.7%14.4%75.8%29.3%7.1%1.4%-7.9M109.5M-345.9K19.8332.35N/AN/A4793216,165104,481
2015-03-12$26.79$28.0019.1%5.5%14.7%71.6%20.5%6.2%1.3%-8.1M101.2M-343.7K32.0368.09N/AN/A381,21716,206104,728
2015-03-13$26.56$28.0019.7%5.6%13.0%74.4%22.7%5.9%1.1%-8.2M112.0M-341.5K81.4672.28N/AN/A635,13216,241104,536
2015-03-16$26.90$28.0020.3%5.8%14.0%77.6%23.2%6.5%0.0%-8.2M94.9M-308.5K8.3929.88N/AN/A10588116,295104,407
2015-03-17$26.93$28.0019.9%5.7%13.3%75.3%22.7%7.3%0.9%-8.1M93.1M-299.0K3.1435.83N/AN/A5591,75516,358104,232
2015-03-18$27.51$28.0017.6%5.1%15.5%64.5%16.2%7.0%0.2%-8.2M73.7M-312.4K0.2650.58N/AN/A1,02226916,116104,498
2015-03-19$26.85$28.0018.5%5.3%17.4%68.5%18.4%5.3%1.5%-10.4M99.0M-312.3K1.02102.30N/AN/A1,8281,86815,132103,972
2015-03-20$27.45$28.0017.8%5.1%19.3%65.2%17.4%7.3%1.6%-5.5M75.5M-294.3K4.5193.81N/AN/A14364514,489102,992
2015-03-23$27.59$28.0016.3%4.7%19.4%57.8%17.4%8.0%0.7%-5.7M60.0M-264.6K1.0790.31N/AN/A87931,90779,447
2015-03-24$27.81$28.0016.4%4.7%19.5%58.6%20.4%3.7%0.9%-5.8M59.2M-287.0K12.5030.91N/AN/A1842,3001,98479,513
2015-03-25$27.53$28.0016.7%4.8%19.5%59.8%11.3%6.5%0.9%-5.9M65.6M-298.8K11.3322.99N/AN/A455102,13781,617
2015-03-26$27.45$28.0021.5%6.2%19.4%83.2%21.5%3.4%-0.3%-5.8M68.7M-303.6K3.3831.98N/AN/A6192,0952,18281,820
2015-03-27$27.07$28.0019.7%5.6%19.9%74.2%19.3%4.6%-0.4%-6.4M76.1M-295.2K16.5138.16N/AN/A2654,3752,20181,777
2015-03-30$27.09$28.0018.6%5.3%19.9%69.3%19.6%4.1%0.8%-6.1M69.1M-258.4K6.5833.75N/AN/A7635,0172,20080,983
2015-03-31$27.14$28.0021.3%6.1%19.9%82.0%22.9%6.7%-1.0%-5.8M68.4M-259.5K5.1843.28N/AN/A7864,0712,23380,223