EWC Options History — February 2017

In February 2017, EWC traded between $26.71 and $27.84. ATM implied volatility averaged 12.9%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 1.4% (HV 20d: 11.5%). Max pain ranged from $26.00 to $27.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 17.43.

Notable Days

  • 2017-02-01: Highest Volume — 8,645 contracts
  • 2017-02-24: Largest IV spike — 45.9% change
  • 2017-02-24: Highest IV Rank — 19.0%
  • 2017-02-24: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.41$26.71$27.84$27.11$26.71
Max Pain$26.05$26.00$27.00$27.00$26.00
ATM IV12.9%10.6%15.5%13.7%13.5%
Expected Move3.7%3.0%4.4%3.9%3.9%
HV 20d11.5%8.3%14.1%14.1%10.7%
HV 60d12.1%11.4%13.0%13.0%12.2%
IV Rank12.1%6.2%19.0%14.3%13.9%
IV Percentile17.4%1.6%45.2%22.2%25.0%
Term Structure1.4%-3.6%3.2%1.0%1.5%
VWIV13.1%9.0%16.1%14.8%14.6%
Skew 25d3.3%-0.3%6.2%0.2%4.1%
Skew 10d4.2%0.0%14.2%0.0%4.0%
Call IV 25d11.4%9.6%13.7%12.4%13.2%
Put IV 25d14.7%10.5%17.3%12.6%17.3%
Bid-Ask Spread %53.0520.58115.0769.6152.33
Gamma HHI0.490.400.680.420.40
Net GEX3.2M2.5M3.7M2.8M2.5M
Net DEX-25.3M-34.7M-16.7M-22.8M-16.7M
Net VEX-148.4K-175.7K-100.6K-121.1K-134.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio17.4313.4224.5913.7513.77
Total Volume7,899.7374,8158,6458,6454,815
Total OI36,442.15833,19436,74533,19436,522

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-02-01$27.11$27.0013.7%3.9%14.1%14.3%14.8%0.2%1.0%2.8M-22.8M-121.1K13.7569.61N/AN/A5868,05920,29312,901
2017-02-02$27.15$26.0013.8%4.0%12.6%14.7%14.2%4.3%1.9%2.8M-20.9M-175.7K14.0163.96N/AN/A5738,02920,30316,328
2017-02-03$27.30$26.0012.3%3.9%12.5%10.6%13.5%4.3%2.6%3.1M-22.0M-167.3K15.1894.64N/AN/A5298,02920,30516,335
2017-02-06$27.08$26.0014.4%4.0%12.8%16.3%13.3%3.7%1.6%2.8M-19.6M-170.4K16.0052.11N/AN/A5028,03120,29916,335
2017-02-07$27.00$26.0012.6%4.0%12.6%11.5%13.9%3.9%1.5%2.8M-17.9M-166.7K20.1234.02N/AN/A4008,04820,31416,338
2017-02-08$27.11$26.0014.7%4.2%12.6%17.0%13.2%6.2%1.0%2.9M-19.2M-166.2K20.4438.35N/AN/A3938,03220,36616,354
2017-02-09$27.29$26.0013.6%3.9%12.5%14.0%13.9%3.7%2.5%3.0M-22.9M-155.4K20.9066.18N/AN/A3848,02420,37116,343
2017-02-10$27.58$26.0011.6%3.3%13.0%8.9%13.1%4.1%2.1%3.4M-26.1M-162.9K20.0349.23N/AN/A4018,03120,37716,350
2017-02-13$27.69$26.0011.7%3.4%13.0%9.2%12.1%3.5%2.4%3.4M-29.1M-153.6K15.0923.51N/AN/A5328,02720,35416,391
2017-02-14$27.74$26.0011.7%3.4%13.0%9.1%12.8%3.6%3.0%3.5M-29.5M-153.7K15.9020.58N/AN/A5048,01320,30016,374
2017-02-15$27.82$26.0012.0%3.4%10.7%9.9%9.0%3.4%1.8%3.6M-30.5M-147.1K16.3958.41N/AN/A4908,03020,31216,371
2017-02-16$27.84$26.0011.4%3.3%10.6%8.2%13.5%4.5%3.2%3.4M-32.4M-145.6K16.1822.38N/AN/A4968,02620,31516,368
2017-02-17$27.79$26.0011.6%3.3%10.5%8.9%12.7%3.7%3.0%3.6M-31.3M-141.8K15.8054.46N/AN/A5088,02620,31716,367
2017-02-21$27.81$26.0012.6%3.6%10.5%11.3%12.6%3.1%0.2%3.7M-31.1M-138.9K21.6422.71N/AN/A3697,98620,23616,309
2017-02-22$27.70$26.0011.8%3.4%8.9%9.3%12.2%2.5%1.3%3.6M-29.0M-143.3K24.5980.56N/AN/A3247,96720,14616,314
2017-02-23$27.61$26.0010.6%3.0%8.3%6.2%12.2%-0.3%-0.3%3.7M-34.7M-100.6K24.5944.77N/AN/A3247,96720,17916,311
2017-02-24$27.21$26.0015.5%4.4%9.7%19.0%16.1%0.5%-3.6%3.3M-24.1M-138.9K13.42115.07N/AN/A3344,48120,17916,311
2017-02-27$27.16$26.0015.2%4.4%9.4%18.3%10.6%3.0%0.6%3.0M-20.9M-136.8K13.4545.16N/AN/A3344,49120,18916,324
2017-02-28$26.71$26.0013.5%3.9%10.7%13.9%14.6%4.1%1.5%2.5M-16.7M-134.0K13.7752.33N/AN/A3264,48920,18916,333