EWZ Options History — April 2009

In April 2009, EWZ traded between $117.72 and $135.66. ATM implied volatility averaged 53.0%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 0.1% (HV 20d: 52.9%). Max pain ranged from $111.00 to $135.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.42.

Notable Days

  • 2009-04-15: Highest Volume — 66,915 contracts
  • 2009-04-20: Largest IV spike — 8.6% change
  • 2009-04-01: Highest IV Rank — 21.6%
  • 2009-04-01: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$129.50$117.72$135.66$117.72$135.30
Max Pain$126.29$111.00$135.00$111.00$132.00
ATM IV53.0%48.4%58.5%58.5%48.4%
Expected Move15.4%13.9%16.8%16.8%13.9%
HV 20d52.9%47.3%58.6%54.0%47.4%
HV 60d58.5%55.6%62.5%62.1%56.4%
IV Rank17.6%14.4%21.6%21.6%14.4%
IV Percentile42.1%36.1%46.8%46.8%36.1%
Term Structure0.5%-1.0%1.8%1.3%1.5%
VWIV54.7%48.8%60.2%60.2%48.8%
Skew 25d9.9%7.8%12.8%10.1%8.6%
Skew 10d18.5%14.5%22.4%19.0%14.5%
Call IV 25d48.8%44.1%53.1%53.1%44.1%
Put IV 25d58.7%52.5%64.3%63.1%52.7%
Bid-Ask Spread %11.579.3513.9512.2511.34
Gamma HHI0.080.060.320.060.08
Net GEX13.8M-5.1M56.8M1.2M15.7M
Net DEX-858.2M-1.50B-183.4M-205.5M-1.02B
Net VEX-9.9M-10.6M-9.5M-10.3M-9.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.420.294.560.290.80
Total Volume25,173.42911,34066,91525,03612,213
Total OI686,187.952625,822753,880650,604711,140

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$117.72$111.0058.5%16.8%54.0%21.6%60.2%10.1%1.3%1.2M-205.5M-10.3M0.2912.25N/AN/A19,3875,649261,675388,929
2009-04-02$125.49$111.0057.0%16.4%56.1%20.5%58.1%11.7%0.2%11.7M-767.7M-10.4M0.4913.00N/AN/A24,71512,138270,040390,160
2009-04-03$128.85$117.0053.9%16.2%56.2%18.3%56.0%12.0%-0.3%17.0M-1.05B-10.6M1.339.47N/AN/A12,20616,197274,769396,876
2009-04-06$126.69$117.0056.5%16.8%56.4%20.1%59.5%12.8%-0.3%16.9M-926.0M-10.4M1.3810.05N/AN/A5,6327,761279,666402,297
2009-04-07$125.88$117.0054.0%16.5%51.5%18.3%60.0%12.5%-0.1%14.3M-799.2M-10.1M1.4510.11N/AN/A16,82124,335273,366406,282
2009-04-08$127.47$117.0050.6%15.9%51.4%15.9%53.9%11.2%-0.0%15.6M-893.6M-10.1M0.969.35N/AN/A8,5048,164272,052415,687
2009-04-09$134.10$117.0052.6%15.1%52.9%17.3%54.4%10.5%0.6%22.5M-1.44B-9.9M1.4211.31N/AN/A16,09122,854276,551417,352
2009-04-13$134.58$135.0053.1%15.2%52.7%17.7%54.9%10.3%0.4%22.7M-1.50B-9.8M0.8910.82N/AN/A8,8627,920284,928434,220
2009-04-14$130.26$132.0056.0%16.1%54.5%19.8%57.2%10.4%-1.0%23.7M-1.14B-10.0M2.6912.60N/AN/A7,13019,185288,846437,834
2009-04-15$130.80$132.0055.1%15.8%53.9%19.1%56.7%9.9%-0.9%22.1M-1.21B-10.0M4.5112.57N/AN/A12,14954,766290,975450,388
2009-04-16$133.68$132.0052.6%15.1%53.8%17.3%54.4%9.7%1.4%26.6M-1.45B-9.8M1.1410.87N/AN/A12,28814,001289,629464,111
2009-04-17$131.55$132.0051.6%14.8%54.4%16.6%51.1%9.2%0.6%56.8M-1.25B-9.6M1.1412.71N/AN/A12,11113,775285,939467,941
2009-04-20$124.17$132.0056.0%16.1%58.6%19.8%58.1%9.5%-0.5%-5.1M-183.4M-9.5M4.569.95N/AN/A3,94217,990229,886395,936
2009-04-21$127.62$132.0052.4%15.0%53.7%17.2%52.6%9.2%1.5%-3.3M-338.7M-9.5M0.9013.95N/AN/A7,3926,665227,239404,585
2009-04-22$127.17$132.0052.0%14.9%51.9%16.9%54.0%9.5%0.9%-3.7M-313.5M-9.5M0.9213.08N/AN/A18,83417,400230,840407,386
2009-04-23$129.93$132.0050.5%14.5%52.3%15.8%50.5%8.6%1.5%2.4M-535.8M-9.6M0.7911.94N/AN/A6,3484,992240,963413,616
2009-04-24$133.41$129.0049.1%14.1%52.4%14.9%48.9%8.2%1.8%9.2M-846.2M-9.6M0.8411.63N/AN/A9,4557,963248,616416,013
2009-04-27$128.85$132.0052.4%15.0%51.7%17.2%53.2%8.2%0.4%2.7M-481.7M-9.6M1.2111.63N/AN/A7,3908,947255,728421,511
2009-04-28$130.32$132.0052.1%14.9%47.3%16.9%52.7%9.1%0.0%5.6M-599.8M-9.6M0.3512.72N/AN/A14,1524,925260,746427,519
2009-04-29$135.66$129.0049.1%14.1%48.6%14.9%52.8%7.8%1.7%16.2M-1.06B-9.6M1.8211.62N/AN/A6,15811,235268,757428,953
2009-04-30$135.30$132.0048.4%13.9%47.4%14.4%48.8%8.6%1.5%15.7M-1.02B-9.8M0.8011.34N/AN/A6,7745,439272,252438,888