EWC Options History — October 2016

In October 2016, EWC traded between $25.16 and $25.92. ATM implied volatility averaged 17.3%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 1.5% (HV 20d: 15.8%). 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 13 of 21 days. Put/call ratio averaged 5.88.

Notable Days

2016-10-06: Highest Volume — 22,796 contracts
2016-10-11: Largest IV spike — 35.7% change
2016-10-12: Highest IV Rank — 33.5%
2016-10-12: Largest Expected Move — 5.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.48	$25.16	$25.92	$25.65	$25.37
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	17.3%	14.4%	20.7%	15.1%	19.3%
Expected Move	5.1%	4.1%	5.9%	4.3%	5.5%
HV 20d	15.8%	11.3%	20.8%	20.1%	11.3%
HV 60d	14.6%	14.3%	14.8%	14.3%	14.4%
IV Rank	24.8%	17.2%	33.5%	19.0%	29.9%
IV Percentile	35.2%	14.7%	65.5%	16.7%	51.2%
Term Structure	0.6%	-4.6%	7.8%	1.6%	-0.0%
VWIV	18.4%	13.2%	21.0%	13.2%	21.0%
Skew 25d	5.5%	0.5%	9.3%	2.0%	5.4%
Skew 10d	8.4%	0.7%	15.1%	3.5%	9.8%
Call IV 25d	14.4%	10.4%	17.5%	14.7%	16.3%
Put IV 25d	20.0%	16.0%	23.2%	16.7%	21.7%
Bid-Ask Spread %	66.20	31.88	128.16	89.40	49.19
Gamma HHI	0.25	0.23	0.32	0.23	0.27
Net GEX	-3.0M	-3.7M	-2.2M	-2.6M	-3.7M
Net DEX	20.0M	8.6M	31.2M	15.8M	22.2M
Net VEX	-306.7K	-364.8K	-244.5K	-328.7K	-271.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.88	0.29	11.94	1.23	0.75
Total Volume	13,721.81	5,914	22,796	22,113	8,173
Total OI	141,783.619	140,521	145,338	140,521	141,600

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2016-10-03	$25.65	$25.00	15.1%	4.3%	20.1%	19.0%	13.2%	2.0%	1.6%	-2.6M	15.8M	-328.7K	1.23	89.40	N/A	N/A	9,916	12,197	20,460	120,061
2016-10-04	$25.22	$25.00	16.4%	4.7%	20.4%	22.4%	16.4%	3.3%	7.8%	-3.1M	25.5M	-351.5K	1.26	43.27	N/A	N/A	9,705	12,242	20,457	120,549
2016-10-05	$25.45	$25.00	15.4%	4.4%	20.8%	19.8%	15.6%	7.5%	2.9%	-3.1M	17.5M	-287.8K	1.34	128.16	N/A	N/A	9,715	13,066	20,462	120,544
2016-10-06	$25.36	$25.00	18.3%	5.6%	20.8%	27.3%	19.6%	8.0%	0.0%	-3.3M	27.9M	-360.7K	1.34	57.47	N/A	N/A	9,730	13,066	20,447	120,980
2016-10-07	$25.16	$25.00	19.4%	5.5%	19.0%	30.0%	19.2%	5.3%	0.7%	-3.6M	31.2M	-361.1K	1.35	32.32	N/A	N/A	9,676	13,042	20,460	120,980
2016-10-10	$25.44	$25.00	14.7%	5.7%	19.3%	17.9%	19.8%	4.9%	-1.1%	-3.3M	25.8M	-337.6K	11.60	33.70	N/A	N/A	1,124	13,034	20,460	120,989
2016-10-11	$25.23	$25.00	19.9%	5.7%	16.8%	31.5%	20.1%	4.2%	-0.9%	-3.4M	29.2M	-351.0K	11.60	31.88	N/A	N/A	1,124	13,034	20,461	120,991
2016-10-12	$25.31	$25.00	20.7%	5.9%	16.8%	33.5%	20.2%	9.3%	-4.6%	-3.3M	29.0M	-364.8K	10.83	104.80	N/A	N/A	1,114	12,065	20,461	120,991
2016-10-13	$25.44	$25.00	20.0%	5.7%	16.1%	31.6%	19.5%	4.9%	-0.9%	-3.6M	29.0M	-344.3K	10.86	84.53	N/A	N/A	1,114	12,095	20,461	121,038
2016-10-14	$25.49	$25.00	19.1%	5.5%	15.8%	29.3%	18.6%	8.9%	-0.7%	-2.9M	20.7M	-317.9K	11.11	74.88	N/A	N/A	1,092	12,137	20,459	121,123
2016-10-17	$25.47	$25.00	19.7%	5.6%	15.8%	30.9%	19.6%	6.2%	-0.4%	-3.1M	22.0M	-307.4K	11.12	51.86	N/A	N/A	1,092	12,138	20,463	121,245
2016-10-18	$25.76	$25.00	16.1%	4.6%	16.3%	21.5%	18.7%	6.3%	1.9%	-2.6M	12.9M	-290.2K	11.94	66.75	N/A	N/A	1,099	13,117	20,463	121,246
2016-10-19	$25.92	$25.00	16.3%	4.7%	14.9%	22.1%	19.0%	8.3%	1.2%	-2.2M	8.6M	-281.9K	11.83	71.57	N/A	N/A	1,105	13,069	20,468	122,106
2016-10-20	$25.73	$25.00	15.0%	4.3%	14.7%	18.8%	20.2%	7.2%	1.1%	-2.5M	11.6M	-286.0K	11.84	44.09	N/A	N/A	1,104	13,073	20,469	122,183
2016-10-21	$25.69	$25.00	15.8%	4.5%	13.5%	20.7%	18.2%	5.4%	0.5%	-2.6M	10.7M	-244.5K	11.94	42.79	N/A	N/A	1,104	13,178	20,470	122,175
2016-10-24	$25.56	$25.00	15.3%	4.4%	13.2%	19.5%	18.2%	5.3%	1.7%	-2.9M	16.3M	-279.8K	0.29	40.53	N/A	N/A	4,585	1,346	20,204	121,420
2016-10-25	$25.55	$25.00	14.4%	4.1%	13.2%	17.2%	16.5%	3.2%	1.5%	-2.7M	12.1M	-287.0K	0.29	114.11	N/A	N/A	4,591	1,346	23,951	121,387
2016-10-26	$25.45	$25.00	18.4%	5.3%	11.3%	27.5%	15.7%	0.5%	-0.2%	-3.2M	18.2M	-263.7K	0.29	62.84	N/A	N/A	4,588	1,330	20,199	121,387
2016-10-27	$25.52	$25.00	15.5%	4.4%	11.3%	19.9%	16.0%	3.3%	0.6%	-3.1M	18.1M	-266.1K	0.29	99.93	N/A	N/A	4,588	1,330	20,200	121,393
2016-10-28	$25.41	$25.00	19.5%	5.6%	11.3%	30.3%	20.5%	6.7%	0.2%	-3.0M	16.6M	-256.6K	0.29	66.17	N/A	N/A	4,588	1,326	20,200	121,393
2016-10-31	$25.37	$25.00	19.3%	5.5%	11.3%	29.9%	21.0%	5.4%	-0.0%	-3.7M	22.2M	-271.9K	0.75	49.19	N/A	N/A	4,665	3,508	20,199	121,401