EWZ Options History — August 2007

In August 2007, EWZ traded between $461.52 and $578.52. ATM implied volatility averaged 47.0%, placing in the 76.0% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 3.5% (HV 20d: 50.6%). Max pain ranged from $495.00 to $585.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.76.

Notable Days

  • 2007-08-16: Highest Volume — 10,097 contracts
  • 2007-08-16: Largest IV spike — 33.9% change
  • 2007-08-03: Highest IV Rank — 100.0%
  • 2007-08-16: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$527.85$461.52$578.52$566.82$553.95
Max Pain$522.39$495.00$585.00$585.00$495.00
ATM IV47.0%39.3%58.6%44.0%44.1%
Expected Move13.3%11.2%16.8%12.6%12.6%
HV 20d50.6%39.2%59.6%39.2%57.9%
HV 60d39.5%33.8%44.7%33.8%44.3%
IV Rank76.0%56.5%100.0%91.7%63.9%
IV Percentile95.5%88.6%100.0%98.6%88.6%
Term Structure-3.0%-11.0%1.2%-6.6%1.2%
VWIV47.4%39.0%58.6%42.3%43.7%
Skew 25d8.5%4.1%14.8%5.7%9.6%
Skew 10d17.4%6.3%31.4%16.2%16.7%
Call IV 25d43.5%36.5%53.8%44.0%39.3%
Put IV 25d52.0%46.3%68.6%49.7%48.9%
Bid-Ask Spread %30.1011.8461.0053.2115.81
Gamma HHI0.220.170.300.230.20
Net GEX-7.1M-12.3M-2.0M-4.2M-2.2M
Net DEX29.4M-346.6M603.1M-177.7M-346.6M
Net VEX-3.7M-4.0M-3.2M-3.4M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.760.224.754.310.65
Total Volume3,048.30479210,0973,0121,396
Total OI54,600.21748,25662,79048,25657,624

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$566.82$585.0044.0%12.6%39.2%91.7%42.3%5.7%-6.6%-4.2M-177.7M-3.4M4.3153.21N/AN/A5672,44520,92027,336
2007-08-02$577.71$585.0043.3%12.4%39.7%89.1%44.3%5.4%-3.7%-8.2M-195.3M-3.6M0.2212.77N/AN/A2,06245420,81731,006
2007-08-03$548.10$585.0055.4%15.9%43.4%100.0%53.6%4.1%-11.0%-10.7M20.2M-3.8M0.5761.00N/AN/A1,12964422,20330,372
2007-08-06$549.90$495.0050.2%12.8%43.3%86.0%46.0%7.2%-7.3%-11.4M-33.8M-3.6M4.7529.72N/AN/A7113,37422,89430,520
2007-08-07$559.62$540.0047.5%12.7%43.7%78.7%41.5%5.1%-4.7%-10.9M-98.8M-3.8M0.2217.60N/AN/A82317923,12131,550
2007-08-08$578.52$540.0039.3%11.2%44.9%56.5%39.0%9.8%-1.8%-2.3M-320.6M-3.6M0.5057.35N/AN/A3,2171,61323,80829,722
2007-08-09$548.10$540.0047.9%12.6%46.6%79.7%44.9%6.5%-3.7%-6.0M-68.6M-3.8M1.0639.04N/AN/A1,0231,08825,88030,371
2007-08-10$535.50$540.0045.7%12.9%46.9%73.8%46.6%7.2%-3.6%-8.4M92.9M-3.7M2.7340.86N/AN/A3991,08926,81030,867
2007-08-13$531.90$540.0045.1%12.5%46.9%72.1%45.7%7.5%-4.4%-10.3M128.6M-3.6M1.2543.88N/AN/A35144126,45230,888
2007-08-14$509.58$540.0048.7%13.2%48.2%81.8%45.4%6.8%-4.6%-11.7M346.2M-3.4M2.1428.54N/AN/A1,1602,48226,09030,588
2007-08-15$476.64$540.0043.8%13.4%52.1%68.7%47.6%7.6%-4.8%-12.3M562.3M-3.2M1.1741.84N/AN/A2,7713,24426,78731,064
2007-08-16$461.52$540.0058.6%16.8%51.7%100.0%58.6%14.8%-7.9%-8.5M603.1M-3.2M2.1248.75N/AN/A3,2346,86328,11231,400
2007-08-17$477.72$495.0047.2%13.5%54.6%71.7%51.4%12.0%-0.8%-8.9M478.1M-3.6M4.5850.73N/AN/A7933,62729,76933,021
2007-08-20$484.20$495.0047.4%13.6%53.9%72.2%51.7%12.3%-0.4%-10.5M294.4M-3.6M0.7722.90N/AN/A85165920,91429,409
2007-08-21$485.28$495.0048.6%13.9%51.9%75.2%47.7%12.2%-0.9%-8.6M229.6M-3.5M0.2320.83N/AN/A1,92143920,97528,331
2007-08-22$517.50$495.0048.4%13.9%58.1%74.6%48.5%8.8%-0.8%-5.3M4.4M-3.8M1.2613.86N/AN/A1,2901,63022,59928,293
2007-08-23$520.20$495.0045.1%12.9%54.0%66.5%47.7%8.4%-1.0%-5.2M-48.0M-3.9M0.4515.79N/AN/A1,89084923,10328,931
2007-08-24$540.00$495.0042.8%12.3%55.9%60.6%46.8%8.5%1.0%-2.0M-227.9M-3.9M1.1912.07N/AN/A83499124,04128,660
2007-08-27$539.28$495.0044.9%12.9%54.3%65.8%47.2%9.3%-0.2%-2.0M-236.9M-3.9M2.7317.19N/AN/A9592,61724,41729,075
2007-08-28$511.65$495.0053.0%15.2%57.1%85.9%53.4%8.4%-2.5%-7.1M40.3M-3.9M2.3016.68N/AN/A7641,75624,57730,698
2007-08-29$534.06$495.0045.3%13.0%59.6%67.0%47.7%8.1%0.0%-3.2M-205.6M-4.0M1.8220.12N/AN/A6821,24124,95130,325
2007-08-30$532.89$495.0045.2%13.0%59.0%66.7%48.6%10.7%-0.8%-4.4M-165.3M-4.0M3.5711.84N/AN/A7802,77925,27831,236
2007-08-31$553.95$495.0044.1%12.6%57.9%63.9%43.7%9.6%1.2%-2.2M-346.6M-4.0M0.6515.81N/AN/A84455225,47832,146