EWC Options History — November 2016

In November 2016, EWC traded between $24.87 and $26.08. ATM implied volatility averaged 19.7%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 7.9% (HV 20d: 11.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 8.86.

Notable Days

  • 2016-11-29: Highest Volume — 24,520 contracts
  • 2016-11-09: Largest IV spike — 127.6% change
  • 2016-11-09: Highest IV Rank — 95.7%
  • 2016-11-09: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.47$24.87$26.08$25.38$26.08
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV19.7%13.6%44.6%19.4%16.0%
Expected Move5.5%3.9%12.8%5.6%4.6%
HV 20d11.7%9.5%14.0%9.5%14.0%
HV 60d15.0%14.2%15.7%14.3%15.2%
IV Rank30.8%15.1%95.7%30.1%21.3%
IV Percentile47.3%10.7%99.6%51.6%27.8%
Term Structure-0.3%-3.0%1.8%0.2%-0.9%
VWIV19.5%14.5%38.5%21.8%16.0%
Skew 25d6.3%0.1%9.1%4.8%8.4%
Skew 10d13.2%-41.8%45.4%10.6%11.6%
Call IV 25d15.9%9.9%38.1%16.8%11.6%
Put IV 25d22.3%16.3%38.2%21.6%20.0%
Bid-Ask Spread %59.0923.07130.8064.6629.93
Gamma HHI0.410.250.610.270.54
Net GEX-2.6M-8.1M1.3M-3.6M1.1M
Net DEX12.5M-10.0M39.1M21.9M-10.0M
Net VEX-207.7K-308.7K-138.4K-274.9K-143.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.860.2722.830.7511.24
Total Volume12,773.6672,20024,5208,16724,044
Total OI140,645.714133,633144,504143,843135,724

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-11-01$25.38$25.0019.4%5.6%9.5%30.1%21.8%4.8%0.2%-3.6M21.9M-274.9K0.7564.66N/AN/A4,6653,50220,277123,566
2016-11-02$25.11$25.0023.8%6.8%9.7%41.5%27.5%7.1%-0.7%-4.1M30.5M-300.5K0.70106.31N/AN/A4,6653,25520,277123,567
2016-11-03$25.06$25.0022.1%5.7%9.6%37.1%16.7%8.0%0.4%-4.1M29.0M-279.7K0.2892.34N/AN/A4,6651,29320,277123,543
2016-11-04$24.91$25.0023.0%5.6%9.5%39.5%17.6%7.8%0.6%-5.0M39.1M-289.9K0.2946.54N/AN/A4,6651,34320,277123,494
2016-11-07$25.26$25.0023.1%5.6%10.0%39.7%17.5%6.7%0.4%-3.8M23.1M-232.3K0.3138.50N/AN/A4,6621,43220,277123,573
2016-11-08$25.44$25.0019.6%5.7%9.8%30.6%17.2%9.1%-1.4%-4.1M16.6M-219.6K0.3049.42N/AN/A4,6961,43220,278123,627
2016-11-09$25.44$25.0044.6%12.8%9.8%95.7%38.5%0.1%-3.0%-2.7M30.3M-308.7K0.30130.80N/AN/A4,6961,42920,322123,627
2016-11-10$25.30$25.0019.7%5.7%9.8%31.0%16.8%7.8%-0.2%-4.1M20.1M-235.4K0.2737.91N/AN/A4,6961,26920,322123,633
2016-11-11$24.87$25.0020.2%5.8%11.4%32.2%22.9%8.3%-0.2%-5.7M32.3M-254.4K1.3945.11N/AN/A9421,31020,322123,637
2016-11-14$24.90$25.0019.8%5.7%11.5%31.3%21.3%5.9%-1.5%-5.8M35.7M-238.3K1.3452.95N/AN/A9421,26220,318123,735
2016-11-15$25.35$25.0019.5%5.6%12.6%30.4%18.9%5.3%-1.7%-8.1M12.8M-183.5K1.3555.35N/AN/A9361,26420,319123,768
2016-11-16$25.34$25.0016.8%4.8%12.3%23.4%17.1%5.1%1.5%-6.3M12.0M-179.7K1.6465.33N/AN/A9371,53220,321123,770
2016-11-17$25.41$25.0019.8%5.7%12.2%31.1%26.2%6.9%-0.7%-4.3M9.8M-192.0K22.8276.77N/AN/A95121,70420,323124,181
2016-11-18$25.46$25.0019.3%5.5%12.2%29.8%21.3%5.4%-1.4%537.3K1.7M-157.8K18.9172.53N/AN/A1,15021,74120,329123,674
2016-11-21$25.94$25.0013.8%4.0%13.8%15.7%14.5%4.1%1.8%1.3M-6.9M-145.0K22.8349.18N/AN/A94421,55620,253113,380
2016-11-22$26.02$25.0013.6%3.9%13.8%15.1%14.5%8.4%1.1%1.0M-9.0M-149.9K22.5769.81N/AN/A95521,55920,263113,413
2016-11-23$25.93$25.0014.6%4.2%13.8%17.5%16.2%6.0%-0.2%1.1M-7.1M-145.9K22.6056.82N/AN/A95521,58720,275113,433
2016-11-25$25.88$25.0014.4%4.1%13.8%17.2%15.5%5.5%0.2%780.9K-6.5M-148.4K22.6039.62N/AN/A95521,58720,275113,454
2016-11-28$25.91$25.0015.0%4.3%13.7%18.8%15.8%8.3%0.1%948.5K-8.1M-143.1K22.1023.07N/AN/A97621,57320,275113,454
2016-11-29$25.85$25.0014.8%4.3%13.7%18.3%14.8%3.7%0.5%867.3K-5.3M-138.4K11.4837.86N/AN/A1,96422,55620,275113,452
2016-11-30$26.08$25.0016.0%4.6%14.0%21.3%16.0%8.4%-0.9%1.1M-10.0M-143.6K11.2429.93N/AN/A1,96422,08021,274114,450