EWZ Options History — July 2009

In July 2009, EWZ traded between $147.51 and $172.80. ATM implied volatility averaged 40.8%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 3.2% (HV 20d: 37.6%). Max pain ranged from $150.00 to $165.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 1.50.

Notable Days

  • 2009-07-15: Highest Volume — 35,619 contracts
  • 2009-07-14: Largest IV drop — 8.2% change
  • 2009-07-08: Highest IV Rank — 8.3%
  • 2009-07-08: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$161.41$147.51$172.80$160.86$172.80
Max Pain$158.73$150.00$165.00$159.00$165.00
ATM IV40.8%36.8%46.5%39.5%38.3%
Expected Move11.7%10.6%13.7%11.3%11.0%
HV 20d37.6%33.7%42.7%38.8%34.1%
HV 60d43.0%40.3%44.6%44.2%40.3%
IV Rank3.9%1.0%8.3%3.0%2.1%
IV Percentile11.9%2.4%29.4%6.7%5.2%
Term Structure1.4%-0.1%2.4%2.4%1.9%
VWIV41.7%37.6%48.9%39.4%41.4%
Skew 25d7.0%5.6%8.7%6.6%6.9%
Skew 10d13.8%11.3%16.6%12.1%13.9%
Call IV 25d37.7%33.8%43.7%37.0%35.4%
Put IV 25d44.7%39.9%52.4%43.5%42.3%
Bid-Ask Spread %10.497.7512.047.7511.98
Gamma HHI0.100.070.210.070.09
Net GEX-2.2M-38.8M24.0M-3.4M12.4M
Net DEX-479.1M-1.17B469.4M-440.5M-1.15B
Net VEX-10.6M-10.9M-10.4M-10.7M-10.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.433.931.182.53
Total Volume17,506.8185,02335,61913,75114,338
Total OI480,358.227422,826536,190466,350481,237

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$160.86$159.0039.5%11.3%38.8%3.0%39.4%6.6%2.4%-3.4M-440.5M-10.7M1.187.75N/AN/A6,3217,430191,649274,701
2009-07-02$156.60$159.0042.4%12.2%37.7%5.2%42.5%6.1%1.3%-10.7M-135.4M-10.9M2.2311.10N/AN/A5,72512,794194,281279,524
2009-07-06$156.06$159.0044.8%12.9%37.7%7.0%44.6%7.4%1.0%-13.9M-62.6M-10.8M1.0810.47N/AN/A14,15315,317197,173285,550
2009-07-07$149.34$159.0046.5%13.4%40.4%8.2%45.7%7.7%0.5%-24.1M362.6M-10.7M0.8510.19N/AN/A7,9476,718199,870289,257
2009-07-08$147.51$159.0046.5%13.7%40.2%8.3%47.4%8.7%0.3%-26.5M469.4M-10.6M1.279.47N/AN/A10,35913,207205,270288,544
2009-07-09$148.86$156.0046.2%13.3%40.5%8.0%48.9%8.3%-0.1%-26.8M380.8M-10.8M0.9811.69N/AN/A9,3269,143206,975294,155
2009-07-10$148.11$156.0044.0%13.2%37.4%6.4%46.2%8.4%0.5%-29.3M455.1M-10.4M0.579.58N/AN/A14,0578,074207,640292,354
2009-07-13$150.84$150.0046.2%13.1%38.3%8.0%45.4%8.3%0.7%-28.9M214.0M-10.5M1.5911.31N/AN/A6,54210,399217,427294,341
2009-07-14$150.15$153.0042.4%12.5%36.1%5.1%44.9%8.5%1.0%-38.8M334.3M-10.4M3.939.60N/AN/A4,08516,049220,183301,251
2009-07-15$159.09$153.0041.4%11.7%41.4%4.4%41.1%7.2%2.2%3.7M-545.2M-10.5M0.6010.12N/AN/A22,31213,307222,397296,786
2009-07-16$161.13$156.0038.3%11.0%41.6%2.1%40.1%6.7%2.4%18.5M-750.3M-10.8M1.199.97N/AN/A8,53510,171232,980303,210
2009-07-17$162.18$156.0039.5%11.3%41.5%3.0%40.1%7.0%1.7%24.0M-793.2M-10.5M1.1510.64N/AN/A7,8149,011226,246303,289
2009-07-20$167.16$156.0038.9%11.2%42.7%2.5%39.0%6.2%1.7%7.4M-824.2M-10.4M0.8911.02N/AN/A9,0688,094181,419241,407
2009-07-21$167.46$159.0038.2%11.0%35.1%2.0%39.3%6.4%1.4%8.8M-859.4M-10.5M1.5811.39N/AN/A6,1199,666188,090246,335
2009-07-22$166.23$162.0038.4%11.0%35.2%2.2%38.4%6.1%1.3%7.1M-787.2M-10.6M1.5710.33N/AN/A4,0266,334190,870252,393
2009-07-23$170.76$162.0037.2%10.7%36.0%1.2%38.7%6.1%2.2%10.4M-1.03B-10.6M0.4311.80N/AN/A14,5066,171192,753254,852
2009-07-24$171.24$162.0036.8%10.6%33.7%1.0%38.4%6.4%2.0%13.5M-1.08B-10.7M1.418.66N/AN/A3,5725,052202,731255,952
2009-07-27$172.59$162.0036.9%10.6%33.7%1.0%39.4%6.3%1.7%14.9M-1.17B-10.5M0.5811.77N/AN/A3,1761,847204,383257,498
2009-07-28$171.75$162.0037.0%10.6%33.8%1.1%37.6%5.6%1.6%13.5M-1.12B-10.4M2.7910.51N/AN/A1,4333,992202,732257,081
2009-07-29$167.76$162.0038.6%11.1%34.9%2.3%41.0%7.2%1.7%8.6M-867.3M-10.5M2.869.38N/AN/A4,76113,603203,509259,015
2009-07-30$172.50$165.0038.9%11.1%35.9%2.5%38.5%6.6%1.2%11.5M-1.13B-10.4M1.6712.04N/AN/A7,71712,879204,287266,284
2009-07-31$172.80$165.0038.3%11.0%34.1%2.1%41.4%6.9%1.9%12.4M-1.15B-10.7M2.5311.98N/AN/A4,06710,271208,655272,582