EWC Options History — May 2016

In May 2016, EWC traded between $23.78 and $25.24. ATM implied volatility averaged 19.8%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 1.5% (HV 20d: 18.2%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 10.33.

Notable Days

  • 2016-05-09: Highest Volume — 31,687 contracts
  • 2016-05-25: Largest IV drop — 19.9% change
  • 2016-05-10: Highest IV Rank — 53.9%
  • 2016-05-05: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.36$23.78$25.24$25.24$24.53
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV19.8%13.2%24.1%21.1%13.4%
Expected Move5.6%3.8%6.8%6.1%3.8%
HV 20d18.2%16.1%19.9%16.1%18.5%
HV 60d20.3%19.4%22.1%21.6%19.4%
IV Rank39.4%17.9%53.9%44.0%18.4%
IV Percentile47.4%0.8%73.4%60.3%1.2%
Term Structure1.0%-1.7%2.9%0.4%1.5%
VWIV20.4%16.4%26.9%21.2%17.4%
Skew 25d4.2%-0.7%7.3%3.3%2.4%
Skew 10d9.5%1.4%15.2%4.6%1.4%
Call IV 25d18.1%10.7%22.1%19.9%15.6%
Put IV 25d22.3%17.4%26.6%23.2%17.9%
Bid-Ask Spread %55.1725.7081.7452.7025.70
Gamma HHI0.520.300.780.480.78
Net GEX-4.0M-5.7M-603.0K-603.0K-5.7M
Net DEX34.8M10.7M50.6M10.7M32.0M
Net VEX-188.7K-227.2K-143.6K-147.5K-170.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.331.4829.013.2511.66
Total Volume11,126.0482,37631,6875,05412,369
Total OI59,541.38126,85568,08726,85568,087

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-05-02$25.24$25.0021.1%6.1%16.1%44.0%21.2%3.3%0.4%-603.0K10.7M-147.5K3.2552.70N/AN/A1,1883,8665,99420,861
2016-05-03$24.61$25.0020.2%5.8%18.7%41.0%21.2%-0.7%-0.7%-672.1K14.2M-145.4K3.3944.52N/AN/A1,1783,9895,99920,908
2016-05-04$24.19$25.0021.1%6.0%19.9%43.8%22.0%3.8%2.0%-775.3K17.7M-143.6K16.5051.90N/AN/A1,07617,7566,01121,074
2016-05-05$24.10$25.0021.9%6.8%19.4%46.5%26.9%6.9%-1.7%-2.5M31.8M-196.6K10.0981.74N/AN/A1,06210,7176,02740,919
2016-05-06$24.15$25.0021.7%6.0%18.2%45.8%24.1%4.6%0.6%-2.8M33.6M-190.0K28.9268.84N/AN/A1,05930,6236,01940,919
2016-05-09$23.78$25.0022.1%6.3%18.8%47.1%25.4%3.0%1.1%-4.6M50.6M-227.2K29.0167.40N/AN/A1,05630,6316,01960,945
2016-05-10$24.26$25.0024.1%5.7%18.4%53.9%19.7%4.1%2.0%-5.1M43.8M-209.0K3.3955.94N/AN/A1,0603,5966,07960,994
2016-05-11$24.37$25.0020.7%5.9%18.4%42.4%20.0%3.8%0.5%-4.4M40.4M-216.7K3.4954.90N/AN/A1,0243,5776,08161,002
2016-05-12$24.42$25.0021.9%6.3%18.4%46.5%18.9%4.0%0.2%-4.2M38.1M-214.9K3.2158.58N/AN/A9433,0296,08361,008
2016-05-13$24.16$25.0021.1%6.0%18.8%43.7%19.2%3.7%2.0%-4.4M41.5M-213.9K3.0965.45N/AN/A9803,0296,06761,034
2016-05-16$24.50$25.0021.8%6.2%19.2%46.0%18.9%5.1%1.2%-4.4M37.3M-198.7K3.0869.19N/AN/A1,0013,0826,08761,044
2016-05-17$24.47$25.0021.3%6.1%17.3%44.4%18.7%5.9%0.5%-4.6M37.4M-196.0K3.0856.61N/AN/A1,0013,0826,10060,984
2016-05-18$24.15$25.0021.6%6.2%17.6%45.6%22.8%7.3%0.7%-4.5M40.2M-200.6K1.5274.01N/AN/A9641,4706,10361,080
2016-05-19$24.01$25.0020.2%5.8%17.5%41.0%21.5%6.0%1.0%-4.9M47.5M-194.8K1.4858.56N/AN/A9591,4176,10361,081
2016-05-20$24.17$25.0019.6%5.6%17.6%38.8%19.6%4.4%1.4%-4.6M43.9M-199.0K22.4951.75N/AN/A95921,5666,11261,116
2016-05-23$24.13$25.0020.2%5.8%17.4%41.0%19.9%3.7%0.8%-4.7M41.8M-190.2K18.9039.08N/AN/A77314,6065,90358,817
2016-05-24$24.20$25.0019.0%5.5%17.3%37.0%19.0%2.0%-0.0%-5.7M43.7M-186.1K14.6749.37N/AN/A77511,3675,91061,890
2016-05-25$24.65$25.0015.2%4.4%18.5%24.5%18.0%3.6%1.3%-5.1M32.0M-175.4K12.4246.21N/AN/A91811,3995,91561,965
2016-05-26$24.74$25.0013.2%3.8%18.5%17.9%18.0%6.8%2.9%-4.7M25.7M-173.7K11.7932.19N/AN/A96311,3536,06261,892
2016-05-27$24.74$25.0013.4%3.8%18.4%18.4%16.4%4.7%2.9%-4.9M26.5M-173.1K11.5253.92N/AN/A97311,2116,11261,963
2016-05-31$24.53$25.0013.4%3.8%18.5%18.4%17.4%2.4%1.5%-5.7M32.0M-170.7K11.6625.70N/AN/A97711,3926,11861,969