EWZ Options History — October 2009

In October 2009, EWZ traded between $198.09 and $228.75. ATM implied volatility averaged 35.2%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 7.0% (HV 20d: 28.2%). Max pain ranged from $198.00 to $222.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.47.

Notable Days

  • 2009-10-20: Highest Volume — 97,903 contracts
  • 2009-10-30: Largest IV spike — 16.4% change
  • 2009-10-30: Highest IV Rank — 18.0%
  • 2009-10-30: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$216.23$198.09$228.75$198.09$206.49
Max Pain$213.68$198.00$222.00$198.00$222.00
ATM IV35.2%29.3%46.8%35.4%46.8%
Expected Move10.4%9.3%13.4%10.1%13.4%
HV 20d28.2%23.0%49.3%24.2%49.3%
HV 60d28.5%26.4%35.2%28.5%35.2%
IV Rank4.8%0.0%18.0%2.3%18.0%
IV Percentile11.2%0.0%45.2%7.5%45.2%
Term Structure0.5%-1.0%2.1%2.0%-1.0%
VWIV37.0%33.5%47.1%36.4%47.1%
Skew 25d6.6%5.3%8.5%5.5%8.5%
Skew 10d12.7%10.9%17.3%11.8%17.3%
Call IV 25d33.0%29.7%42.9%33.2%42.9%
Put IV 25d39.6%36.2%51.4%38.6%51.4%
Bid-Ask Spread %10.975.9113.3712.0011.63
Gamma HHI0.080.050.210.060.05
Net GEX6.1M-29.7M38.6M-9.1M-22.9M
Net DEX-2.08B-3.37B-355.5M-1.18B-736.0M
Net VEX-10.5M-13.5M-8.7M-10.0M-13.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.563.313.311.66
Total Volume29,563.90912,96697,90312,96643,518
Total OI517,208.318445,192584,119445,192584,119

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-10-01$198.09$198.0035.4%10.1%24.2%2.3%36.4%5.5%2.0%-9.1M-1.18B-10.0M3.3112.00N/AN/A3,0059,961185,740259,452
2009-10-02$201.90$198.0035.3%10.1%24.4%2.3%35.5%5.3%1.6%-6.0M-1.39B-9.9M0.6811.53N/AN/A15,48910,490186,720265,739
2009-10-05$207.87$201.0033.9%10.2%24.6%1.3%36.6%7.2%0.7%9.6M-1.85B-9.5M1.075.91N/AN/A9,65510,342193,409271,675
2009-10-06$209.28$204.0033.7%10.1%23.3%1.1%36.4%7.6%0.6%13.4M-1.97B-9.7M0.969.99N/AN/A13,56613,007198,650279,730
2009-10-07$209.91$204.0031.9%9.9%23.2%0.0%34.3%7.2%0.7%15.1M-2.00B-9.6M0.7112.81N/AN/A13,5119,545202,269287,211
2009-10-08$215.07$210.0031.5%9.8%23.5%0.0%35.0%6.9%1.0%21.8M-2.38B-9.6M0.9411.05N/AN/A16,37615,327204,694293,476
2009-10-09$216.36$210.0029.3%9.5%23.0%0.0%35.4%6.7%1.5%33.6M-2.51B-9.6M1.389.65N/AN/A6,8939,505212,582299,395
2009-10-12$218.82$210.0031.5%9.7%23.0%1.6%34.5%6.7%0.7%38.6M-2.70B-9.1M0.6613.37N/AN/A11,2517,377212,922303,521
2009-10-13$218.40$210.0030.2%9.6%23.2%0.7%36.6%6.8%0.6%34.8M-2.63B-9.1M0.5611.09N/AN/A15,5088,702210,762305,076
2009-10-14$227.25$210.0030.3%9.3%25.3%0.7%33.9%6.6%0.8%27.1M-3.26B-8.7M0.9610.27N/AN/A18,27717,553222,073309,714
2009-10-15$228.12$213.0032.9%9.4%24.5%2.6%33.5%6.1%1.5%27.3M-3.37B-9.0M2.0111.44N/AN/A6,68313,447230,028315,833
2009-10-16$226.47$213.0034.9%10.0%25.1%5.1%36.1%6.2%0.6%23.0M-3.23B-9.4M1.3912.62N/AN/A9,80313,578230,280323,958
2009-10-19$228.75$222.0033.6%9.6%25.1%3.9%34.6%5.5%2.1%8.9M-2.54B-9.3M0.609.67N/AN/A13,6278,158196,227255,201
2009-10-20$220.02$222.0037.5%10.8%29.5%7.5%38.0%6.3%-0.7%5.3M-2.07B-10.2M2.179.26N/AN/A30,84267,061205,339260,761
2009-10-21$223.53$222.0036.4%10.4%28.7%6.4%37.4%6.3%-0.3%-6.4M-2.14B-11.6M1.0512.12N/AN/A20,18621,232222,808307,263
2009-10-22$225.45$222.0034.8%10.0%27.5%5.0%35.6%5.5%0.3%971.9K-2.36B-11.5M1.6210.04N/AN/A7,53012,170224,122306,783
2009-10-23$223.02$222.0035.9%10.3%28.3%6.0%36.1%6.0%0.1%-3.6M-2.15B-11.9M3.0511.08N/AN/A5,23315,980228,706313,676
2009-10-26$220.98$222.0036.8%10.6%28.5%6.8%37.1%6.7%0.0%-10.0M-1.97B-12.1M1.9812.27N/AN/A5,54410,992229,736321,528
2009-10-27$214.44$222.0039.4%11.3%31.1%9.9%40.1%7.2%-0.7%-17.4M-1.47B-12.8M1.9910.03N/AN/A9,77119,450235,702327,030
2009-10-28$200.73$222.0042.7%12.2%39.3%13.8%41.9%7.0%-0.8%-29.7M-355.5M-12.9M2.2012.54N/AN/A15,42633,869240,057332,845
2009-10-29$216.18$222.0040.2%11.5%46.3%11.2%41.5%6.9%-0.0%-19.1M-1.51B-13.0M1.3410.87N/AN/A13,22317,743239,463342,308
2009-10-30$206.49$222.0046.8%13.4%49.3%18.0%47.1%8.5%-1.0%-22.9M-736.0M-13.5M1.6611.63N/AN/A16,35727,161245,228338,891