EWC Options History — April 2016

In April 2016, EWC traded between $23.01 and $25.40. ATM implied volatility averaged 18.6%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 1.3% (HV 20d: 19.9%). Max pain ranged from $23.00 to $25.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 2.53.

Notable Days

  • 2016-04-26: Highest Volume — 6,387 contracts
  • 2016-04-07: Largest IV spike — 21.4% change
  • 2016-04-12: Highest IV Rank — 46.4%
  • 2016-04-12: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.33$23.01$25.40$23.57$25.40
Max Pain$24.10$23.00$25.00$23.00$25.00
ATM IV18.6%15.5%21.9%15.6%19.8%
Expected Move5.4%4.5%6.3%4.5%5.7%
HV 20d19.9%16.8%23.0%22.7%16.8%
HV 60d25.7%21.7%28.5%28.5%21.7%
IV Rank35.5%25.2%46.4%25.7%39.6%
IV Percentile36.4%6.3%66.7%6.7%48.8%
Term Structure0.8%-0.3%3.3%2.9%-0.3%
VWIV20.2%16.2%24.6%16.5%20.0%
Skew 25d5.1%2.4%11.2%3.2%4.3%
Skew 10d14.6%2.8%62.3%62.3%5.9%
Call IV 25d16.3%11.0%19.1%15.8%16.8%
Put IV 25d21.4%17.9%24.1%19.0%21.1%
Bid-Ask Spread %49.4119.5892.7131.9650.70
Gamma HHI0.500.400.670.470.53
Net GEX-685.8K-884.1K-431.0K-649.2K-575.9K
Net DEX15.2M10.6M18.9M17.6M10.6M
Net VEX-134.5K-148.2K-125.4K-130.8K-148.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.531.185.552.582.65
Total Volume3,3741,1066,3871,1065,594
Total OI22,217.38120,35626,83320,35626,833

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-04-01$23.57$23.0015.6%4.5%22.7%25.7%16.5%3.2%2.9%-649.2K17.6M-130.8K2.5831.96N/AN/A3097972,79317,563
2016-04-04$23.28$24.0015.5%5.8%23.0%25.2%20.2%4.2%0.4%-674.1K16.6M-132.2K2.2675.88N/AN/A3688332,81317,578
2016-04-05$23.07$24.0018.8%5.6%22.5%36.1%21.3%4.2%1.2%-717.6K18.9M-125.4K2.3044.84N/AN/A3688462,88117,640
2016-04-06$23.27$24.0016.7%5.6%21.9%29.2%18.4%6.7%1.3%-678.0K18.5M-127.4K2.4781.18N/AN/A3408412,88117,653
2016-04-07$23.01$24.0020.2%6.0%21.2%41.0%19.9%5.0%0.1%-716.0K18.7M-125.5K2.4545.76N/AN/A3408342,85917,660
2016-04-08$23.49$24.0020.8%5.8%22.2%43.0%22.6%5.6%0.7%-664.2K17.4M-128.2K2.7655.66N/AN/A3529722,85917,680
2016-04-11$23.72$23.0021.6%5.7%21.2%45.7%23.3%4.8%-0.1%-630.7K16.3M-132.3K2.3055.83N/AN/A4229722,87217,813
2016-04-12$24.27$23.0021.9%6.3%22.4%46.4%23.8%7.7%-0.0%-431.0K15.2M-134.1K2.9761.16N/AN/A3851,1432,94217,812
2016-04-13$24.37$24.0019.8%5.7%21.7%39.5%23.5%6.9%0.6%-567.8K14.2M-138.4K5.5563.36N/AN/A8464,6962,99417,943
2016-04-14$24.29$24.0020.3%5.8%20.4%41.1%24.6%8.0%0.5%-685.9K15.9M-139.7K4.0543.72N/AN/A8283,3523,51019,979
2016-04-15$24.25$24.0018.6%5.3%18.8%35.7%21.1%4.3%0.2%-844.8K16.5M-138.4K2.1967.17N/AN/A1,2302,6883,45120,268
2016-04-18$24.45$24.0016.5%4.7%18.1%28.6%18.0%3.8%3.3%-884.1K16.9M-126.4K2.5346.14N/AN/A9652,4423,12718,021
2016-04-19$25.01$24.0017.8%5.1%19.6%33.0%19.0%11.2%0.7%-807.2K14.6M-130.6K3.1129.66N/AN/A7912,4573,12818,026
2016-04-20$25.13$24.0018.6%5.3%19.6%35.8%19.8%5.9%-0.1%-746.8K13.7M-130.0K3.0049.72N/AN/A7862,3573,15118,023
2016-04-21$24.92$24.0016.9%4.8%17.8%29.9%20.1%3.3%0.4%-718.2K13.0M-132.3K1.5733.48N/AN/A9181,4383,16117,995
2016-04-22$25.07$24.0018.9%5.4%17.5%36.6%19.0%3.3%0.1%-722.2K13.6M-130.2K1.1830.52N/AN/A2,7683,2613,22418,067
2016-04-25$24.87$25.0020.0%5.7%18.0%40.4%20.8%4.3%-0.0%-716.8K13.7M-144.6K1.2519.58N/AN/A2,7663,4675,07319,902
2016-04-26$25.03$25.0017.5%5.0%17.9%32.1%18.6%3.2%1.3%-721.5K13.5M-143.2K1.1824.54N/AN/A2,9243,4635,07320,244
2016-04-27$25.18$25.0015.7%4.5%17.4%25.9%16.2%2.4%2.4%-594.0K12.3M-142.4K2.6192.71N/AN/A1,3293,4635,21820,274
2016-04-28$25.27$25.0018.2%5.2%17.3%34.4%18.3%4.0%1.5%-656.2K11.6M-143.4K2.2034.05N/AN/A1,8424,0615,30920,272
2016-04-29$25.40$25.0019.8%5.7%16.8%39.6%20.0%4.3%-0.3%-575.9K10.6M-148.2K2.6550.70N/AN/A1,5344,0605,97220,861