EWC Options History — January 2016

In January 2016, EWC traded between $18.66 and $21.16. ATM implied volatility averaged 28.1%, placing in the 68.5% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 2.3% (HV 20d: 25.8%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 8.51.

Notable Days

  • 2016-01-14: Highest Volume — 14,192 contracts
  • 2016-01-07: Largest IV spike — 39.8% change
  • 2016-01-07: Highest IV Rank — 89.5%
  • 2016-01-25: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.90$18.66$21.16$21.16$20.56
Max Pain$20.47$20.00$22.00$20.00$20.00
ATM IV28.1%21.6%34.4%25.3%21.6%
Expected Move7.6%6.2%9.3%6.6%6.2%
HV 20d25.8%21.9%33.2%24.1%33.1%
HV 60d21.8%19.5%25.3%19.7%25.3%
IV Rank68.5%46.3%89.5%59.0%46.3%
IV Percentile90.2%71.0%98.4%88.1%71.0%
Term Structure-0.5%-4.0%1.3%-0.6%0.8%
VWIV25.5%22.2%31.1%22.8%22.8%
Skew 25d7.2%4.5%12.2%6.3%5.0%
Skew 10d15.2%5.5%27.2%11.4%5.5%
Call IV 25d23.4%20.5%29.7%21.2%23.7%
Put IV 25d30.6%26.3%36.0%27.5%28.7%
Bid-Ask Spread %62.6251.0788.2952.2752.48
Gamma HHI0.320.270.440.390.32
Net GEX-940.2K-1.5M-506.3K-1.4M-660.7K
Net DEX49.9M38.9M61.4M48.6M42.4M
Net VEX-103.9K-149.9K-55.4K-92.9K-127.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.511.4021.504.056.46
Total Volume8,523.7892,96914,1929,3197,315
Total OI44,982.05339,13353,66246,47240,407

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-01-04$21.16$20.0025.3%6.6%24.1%59.0%22.8%6.3%-0.6%-1.4M48.6M-92.9K4.0552.27N/AN/A1,8457,47411,69534,777
2016-01-05$21.09$20.0023.3%6.2%24.0%52.0%22.2%5.7%1.3%-1.5M50.1M-97.8K3.9851.07N/AN/A1,8367,30212,69535,737
2016-01-06$20.62$20.0024.6%6.2%22.5%56.5%24.4%7.3%0.6%-1.5M52.8M-88.8K4.0570.31N/AN/A1,8377,43512,70135,733
2016-01-07$20.15$21.0034.4%7.8%23.2%89.5%26.7%6.1%-0.9%-1.3M54.0M-84.2K1.4059.02N/AN/A1,8432,58912,70635,851
2016-01-08$20.04$21.0032.2%7.7%22.9%82.0%25.2%6.5%-1.1%-1.3M54.2M-82.1K2.4961.26N/AN/A9362,33412,70935,764
2016-01-11$19.77$21.0033.3%7.3%23.0%85.7%26.9%9.1%0.2%-1.2M55.2M-75.7K2.1462.89N/AN/A9452,02412,70035,653
2016-01-12$19.82$21.0028.8%7.0%21.9%70.7%23.6%6.6%-0.6%-954.8K56.2M-55.4K8.9058.51N/AN/A1,33111,84012,75035,435
2016-01-13$19.38$21.0032.3%9.2%22.8%82.3%24.9%12.2%-3.2%-1.2M60.0M-116.6K9.3368.47N/AN/A1,37212,80013,14040,440
2016-01-14$19.65$21.0024.5%7.0%22.1%56.1%24.1%6.2%0.6%-1.1M61.4M-112.4K9.2163.84N/AN/A1,39012,80213,18140,374
2016-01-15$18.99$21.0032.0%9.2%23.0%81.4%27.2%9.7%-2.1%-559.0K59.5M-108.3K11.1361.17N/AN/A1,07311,94513,20940,453
2016-01-19$18.91$22.0028.1%8.1%22.2%68.4%26.2%7.7%-0.5%-561.0K45.3M-100.6K21.5075.56N/AN/A53911,5889,38729,746
2016-01-20$18.66$20.0032.3%9.3%22.2%82.5%31.1%6.3%-1.7%-506.3K45.6M-100.7K10.7052.88N/AN/A6176,6029,46929,784
2016-01-21$19.29$20.0029.2%8.4%26.3%72.0%29.1%11.6%0.1%-583.4K45.7M-108.1K11.3653.86N/AN/A5706,4759,59729,906
2016-01-22$20.01$20.0025.9%7.4%29.9%60.8%22.2%5.3%0.1%-643.2K44.8M-118.8K12.2154.49N/AN/A5867,1559,68429,963
2016-01-25$19.44$20.0032.5%9.3%29.8%83.3%28.9%7.7%-4.0%-609.2K43.9M-113.2K11.7659.88N/AN/A5236,1509,75229,897
2016-01-26$20.02$20.0025.6%7.3%32.2%59.9%24.3%6.7%0.4%-617.2K44.7M-116.7K12.3175.18N/AN/A5076,2409,76229,915
2016-01-27$20.06$20.0026.1%7.5%32.1%61.5%27.2%4.5%0.7%-823.1K38.9M-149.9K12.3588.29N/AN/A5136,3349,77030,037
2016-01-28$20.56$20.0023.2%6.6%33.2%51.7%24.1%5.7%-0.1%-680.3K44.0M-124.1K6.4368.29N/AN/A9806,3059,79830,082
2016-01-29$20.56$20.0021.6%6.2%33.1%46.3%22.8%5.0%0.8%-660.7K42.4M-127.8K6.4652.48N/AN/A9806,33510,30830,099