EWZ Options History — October 2008

In October 2008, EWZ traded between $86.97 and $506.25. ATM implied volatility averaged 122.8%, placing in the 75.5% IV rank vs the trailing year. The 30-day expected move averaged 32.1%. IV traded below realized volatility by 222.7% (HV 20d: 345.4%). Max pain ranged from $120.00 to $585.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 1.39.

Notable Days

  • 2008-10-30: Highest Volume — 40,742 contracts
  • 2008-10-15: Largest IV spike — 29.3% change
  • 2008-10-02: Highest IV Rank — 100.0%
  • 2008-10-24: Largest Expected Move — 40.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$186.37$86.97$506.25$506.25$112.98
Max Pain$219.78$120.00$585.00$585.00$120.00
ATM IV122.8%87.1%168.7%87.1%103.8%
Expected Move32.1%25.0%40.1%25.0%29.8%
HV 20d345.4%113.2%431.5%113.2%431.5%
HV 60d206.7%71.1%258.5%71.1%258.5%
IV Rank75.5%42.8%100.0%75.9%53.8%
IV Percentile97.6%92.5%100.0%99.2%92.5%
Term Structure-9.6%-20.6%-0.2%-13.2%-1.0%
VWIV113.1%84.1%146.4%84.1%104.2%
Skew 25d27.5%11.8%44.5%11.8%27.0%
Skew 10d49.7%17.9%82.3%23.6%56.4%
Call IV 25d98.5%77.5%118.2%80.1%95.1%
Put IV 25d126.0%91.8%156.9%91.8%122.1%
Bid-Ask Spread %17.4710.5432.6311.6016.00
Gamma HHI0.160.120.210.150.13
Net GEX-5.4M-8.1M-3.2M-5.6M-4.3M
Net DEX1.45B1.07B1.84B1.18B1.17B
Net VEX-5.3M-9.2M-3.2M-9.2M-6.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.503.550.501.78
Total Volume18,959.3486,26640,7427,1198,654
Total OI362,964.043118,540499,002118,540499,002

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$506.25$585.0087.1%25.0%113.2%75.9%84.1%11.8%-13.2%-5.6M1.18B-9.2M0.5011.60N/AN/A4,7372,38255,19163,349
2008-10-02$445.14$540.00107.2%30.7%119.8%100.0%107.1%17.4%-20.6%-6.5M1.50B-7.5M0.6916.75N/AN/A3,7172,54957,94564,892
2008-10-03$426.60$540.00101.8%29.2%120.2%93.2%95.7%16.0%-19.9%-7.7M1.67B-6.6M1.7511.96N/AN/A3,1485,52060,03566,161
2008-10-06$384.84$450.00127.3%27.8%124.2%100.0%98.3%28.3%-11.7%-8.1M1.84B-5.2M1.2432.63N/AN/A5,5046,81962,42870,018
2008-10-07$344.25$450.00141.3%29.3%126.9%100.0%104.2%16.9%-4.5%-6.6M1.78B-4.6M2.0519.92N/AN/A2,5885,29865,08872,106
2008-10-08$333.00$450.00151.0%33.3%125.7%100.0%110.3%22.6%-12.7%-5.8M1.71B-4.5M0.7023.65N/AN/A4,5953,23466,95373,334
2008-10-09$107.13$120.00155.3%33.4%412.7%100.0%118.8%23.1%-10.3%-4.9M1.66B-4.5M0.5931.12N/AN/A15,0208,865209,679222,559
2008-10-10$103.32$120.00168.7%40.0%410.2%100.0%135.8%35.1%-19.4%-3.8M1.43B-4.7M1.4219.97N/AN/A4,6076,532216,861213,346
2008-10-13$129.75$120.00124.0%29.1%424.9%68.2%102.4%34.0%-11.6%-6.5M1.45B-6.4M0.6619.98N/AN/A10,5376,992216,639217,503
2008-10-14$130.53$120.00127.6%30.3%424.7%70.7%105.8%30.4%-11.2%-6.0M1.34B-6.8M1.1231.48N/AN/A8,6139,613219,047217,312
2008-10-15$104.91$120.00164.9%37.2%428.0%97.3%122.5%24.5%-15.0%-4.6M1.48B-4.8M0.8815.60N/AN/A8,2367,288224,608221,527
2008-10-16$110.70$120.00127.8%36.6%428.7%70.8%123.5%29.6%-11.7%-4.8M1.43B-5.4M1.3214.30N/AN/A8,62811,415228,513223,030
2008-10-17$112.56$120.00105.9%30.3%422.7%55.2%109.2%25.0%-0.9%-4.9M1.51B-5.3M1.1518.17N/AN/A17,83320,438228,051230,306
2008-10-20$122.25$120.0088.3%25.3%425.9%42.8%91.9%22.0%-0.2%-5.5M1.32B-5.7M1.0414.21N/AN/A13,85814,452190,515214,201
2008-10-21$113.52$120.0091.7%26.3%425.9%45.2%97.7%20.1%-2.8%-5.7M1.41B-5.0M2.7214.05N/AN/A3,77610,285194,863223,122
2008-10-22$98.52$120.00115.2%33.0%425.5%61.9%120.6%37.7%-12.2%-5.7M1.50B-3.7M1.2913.22N/AN/A13,37617,248194,254228,802
2008-10-23$98.67$120.00129.2%37.0%423.8%71.8%146.4%44.5%-13.0%-4.7M1.40B-4.1M3.5511.58N/AN/A3,82713,603202,746233,995
2008-10-24$89.82$120.00139.7%40.1%423.2%79.4%140.8%38.9%-16.2%-4.6M1.40B-3.5M1.2013.79N/AN/A10,44912,528205,274236,265
2008-10-27$86.97$120.00131.4%37.7%422.6%73.4%130.8%34.1%-7.8%-4.4M1.39B-3.2M2.4210.54N/AN/A5,48213,240211,243239,325
2008-10-28$100.74$120.00106.9%30.6%425.7%56.0%110.1%30.0%-1.1%-5.4M1.42B-4.1M2.2112.89N/AN/A10,04122,160210,576247,580
2008-10-29$106.71$120.00119.3%34.2%427.6%64.8%118.1%23.4%-3.6%-4.7M1.24B-5.3M0.6017.47N/AN/A17,29710,339216,873252,564
2008-10-30$117.27$120.00108.7%31.2%431.4%57.3%122.5%39.2%-1.0%-3.2M1.07B-6.2M1.1310.85N/AN/A19,11421,628226,389254,103
2008-10-31$112.98$120.00103.8%29.8%431.5%53.8%104.2%27.0%-1.0%-4.3M1.17B-6.0M1.7816.00N/AN/A3,1175,537232,383266,619