EWZ Options History — June 2008

In June 2008, EWZ traded between $795.96 and $885.87. ATM implied volatility averaged 38.4%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 4.4% (HV 20d: 34.0%). Max pain ranged from $810.00 to $900.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.85.

Notable Days

  • 2008-06-10: Highest Volume — 10,165 contracts
  • 2008-06-09: Largest IV spike — 10.2% change
  • 2008-06-09: Highest IV Rank — 33.2%
  • 2008-06-10: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$828.29$795.96$885.87$885.87$803.61
Max Pain$852.86$810.00$900.00$810.00$855.00
ATM IV38.4%36.1%42.3%36.3%36.6%
Expected Move11.0%10.3%11.9%10.4%10.5%
HV 20d34.0%27.6%36.2%27.6%34.9%
HV 60d35.3%32.7%38.9%38.4%33.3%
IV Rank25.5%21.1%33.2%21.6%22.1%
IV Percentile28.8%18.7%45.2%25.4%19.8%
Term Structure0.6%-1.1%2.1%0.0%-0.1%
VWIV39.0%35.6%41.6%37.4%35.6%
Skew 25d6.6%4.8%8.9%5.1%5.0%
Skew 10d12.3%8.7%16.6%10.0%9.6%
Call IV 25d35.5%32.7%37.5%35.2%34.3%
Put IV 25d42.0%38.5%45.7%40.2%39.4%
Bid-Ask Spread %10.386.4013.7810.3310.82
Gamma HHI0.170.130.390.200.17
Net GEX-14.9M-48.5M2.7M2.7M-12.5M
Net DEX31.9M-819.7M680.9M-819.7M200.4M
Net VEX-9.7M-10.1M-9.4M-9.5M-10.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.850.649.050.711.30
Total Volume4,040.2381,62710,1651,6274,331
Total OI88,662.23866,266104,98685,28775,281

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-06-02$885.87$810.0036.3%10.4%27.6%21.6%37.4%5.1%0.0%2.7M-819.7M-9.5M0.7110.33N/AN/A95167633,80251,485
2008-06-03$860.40$810.0038.9%11.2%29.8%26.6%38.6%6.2%-0.1%-3.3M-482.7M-9.5M0.6910.13N/AN/A1,02571133,59751,870
2008-06-04$837.90$810.0039.2%11.2%31.2%27.1%39.5%7.6%-1.1%-9.3M-148.7M-9.4M1.947.63N/AN/A1,8963,68233,54551,921
2008-06-05$875.88$810.0036.4%10.4%32.8%21.7%36.9%5.7%1.0%-2.6M-631.6M-9.6M1.086.40N/AN/A1,7711,91234,27754,690
2008-06-06$853.20$900.0038.4%11.2%34.3%25.6%39.5%7.2%1.0%-9.8M-297.6M-9.9M1.198.55N/AN/A1,9022,27034,64355,244
2008-06-09$852.12$900.0042.3%11.5%34.2%33.2%40.8%8.1%0.3%-13.5M-229.5M-9.9M2.7710.32N/AN/A1,0943,03035,91256,617
2008-06-10$823.05$900.0042.2%11.9%35.7%33.0%41.6%8.9%-0.3%-22.8M215.7M-9.7M1.327.74N/AN/A4,3885,77736,42957,706
2008-06-11$810.09$855.0041.2%11.6%36.0%31.1%40.8%7.1%0.5%-25.1M395.3M-9.8M1.097.45N/AN/A2,4202,63038,13759,814
2008-06-12$817.47$855.0039.7%11.4%36.2%28.1%40.6%7.7%0.8%-16.9M242.0M-10.1M1.6111.09N/AN/A8491,36939,91560,689
2008-06-13$817.38$855.0038.8%11.1%34.6%26.5%39.1%7.6%1.3%-22.0M251.5M-10.0M1.7411.17N/AN/A7981,38739,91961,735
2008-06-16$825.84$855.0039.3%11.3%33.0%27.3%38.6%6.9%1.2%-18.5M110.9M-9.8M0.6413.12N/AN/A1,38888939,94761,939
2008-06-17$846.00$855.0036.1%10.4%34.4%21.2%37.4%6.8%2.1%-6.3M-280.5M-9.8M1.0610.88N/AN/A1,3371,41940,71661,645
2008-06-18$836.01$855.0036.9%10.6%34.4%22.7%39.8%6.7%1.9%-11.6M-96.3M-9.7M2.989.93N/AN/A7812,32841,11662,057
2008-06-19$828.00$855.0038.3%11.0%34.1%25.4%39.2%6.8%1.3%-27.7M65.2M-9.6M9.059.41N/AN/A4864,39441,44863,538
2008-06-20$801.90$855.0038.9%11.1%35.5%26.5%39.7%6.0%1.3%-48.5M680.9M-9.4M2.3711.05N/AN/A2,7526,51341,34663,120
2008-06-23$802.35$855.0037.9%10.9%35.5%24.6%40.2%5.4%0.8%-12.8M383.5M-9.6M1.3413.27N/AN/A1,6062,14827,14639,120
2008-06-24$800.28$855.0036.1%10.3%35.1%21.1%40.1%5.8%0.9%-13.3M383.9M-9.5M1.659.79N/AN/A1,2512,05927,99139,772
2008-06-25$823.14$855.0036.7%10.5%34.1%22.3%36.3%6.2%-0.0%-10.6M99.3M-9.9M1.0213.78N/AN/A1,8141,85428,64741,235
2008-06-26$795.96$855.0038.5%11.0%35.5%25.7%39.2%6.5%-0.4%-13.7M321.5M-10.0M1.4212.75N/AN/A1,5952,27129,70242,246
2008-06-27$797.58$855.0036.9%10.6%34.7%22.8%38.6%4.8%-0.1%-13.9M306.8M-9.8M1.9012.29N/AN/A1,0642,02729,70242,246
2008-06-30$803.61$855.0036.6%10.5%34.9%22.1%35.6%5.0%-0.1%-12.5M200.4M-10.0M1.3010.82N/AN/A1,8812,45031,36843,913