EWZ Options History — November 2009

In November 2009, EWZ traded between $208.77 and $233.58. ATM implied volatility averaged 38.7%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded below realized volatility by 8.9% (HV 20d: 47.7%). Max pain ranged from $198.00 to $219.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.65.

Notable Days

  • 2009-11-04: Highest Volume — 59,791 contracts
  • 2009-11-27: Largest IV spike — 13.6% change
  • 2009-11-02: Highest IV Rank — 20.1%
  • 2009-11-02: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$225.80$208.77$233.58$208.77$229.41
Max Pain$208.95$198.00$219.00$219.00$213.00
ATM IV38.7%32.2%48.8%48.8%37.9%
Expected Move11.2%9.2%14.0%14.0%10.9%
HV 20d47.7%29.9%51.7%48.3%29.9%
HV 60d35.6%34.8%36.0%35.2%35.8%
IV Rank10.0%3.6%20.1%20.1%10.6%
IV Percentile23.0%2.8%48.8%48.8%23.0%
Term Structure-0.1%-1.9%1.3%-1.9%-0.5%
VWIV40.7%35.9%50.2%50.2%40.5%
Skew 25d7.6%6.2%8.6%7.8%8.2%
Skew 10d15.0%12.5%17.6%15.6%16.7%
Call IV 25d35.7%29.6%45.4%45.4%33.8%
Put IV 25d43.3%35.8%53.2%53.2%41.9%
Bid-Ask Spread %3.832.945.535.534.45
Gamma HHI0.080.050.450.050.05
Net GEX13.7M-25.0M115.8M-25.0M3.1M
Net DEX-2.51B-3.54B-877.0M-877.0M-2.55B
Net VEX-13.4M-14.8M-12.4M-13.8M-12.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.592.801.771.54
Total Volume27,164.4514,97459,79130,01914,974
Total OI679,507.25610,043755,633610,043658,124

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-11-02$208.77$219.0048.8%14.0%48.3%20.1%50.2%7.8%-1.9%-25.0M-877.0M-13.8M1.775.53N/AN/A10,82919,190255,126354,917
2009-11-03$213.03$219.0048.2%13.8%48.8%19.4%49.5%8.0%-1.4%-17.0M-1.28B-14.1M1.194.74N/AN/A8,97510,716258,920356,996
2009-11-04$217.71$219.0045.6%13.1%49.3%16.8%47.7%8.1%-0.2%-10.8M-1.71B-14.1M2.625.44N/AN/A16,51843,273262,287363,323
2009-11-05$224.04$219.0040.9%11.7%49.6%11.9%42.1%7.5%1.1%-4.3M-2.27B-14.4M0.594.13N/AN/A20,96312,467271,267397,677
2009-11-06$223.17$198.0039.5%11.9%49.6%10.5%41.2%8.6%-0.5%3.1M-2.31B-14.8M1.833.79N/AN/A5,3609,799284,705398,554
2009-11-09$231.12$198.0037.7%11.2%50.9%8.7%42.8%8.2%-0.0%17.6M-3.16B-13.5M2.803.63N/AN/A6,73018,860281,746403,463
2009-11-10$230.07$201.0036.9%11.0%51.0%7.8%40.4%7.9%-0.0%15.7M-2.99B-13.5M1.623.74N/AN/A9,19114,910280,680406,220
2009-11-11$228.12$201.0036.8%11.1%49.2%7.7%38.1%7.9%-0.3%14.1M-2.84B-13.4M1.093.51N/AN/A9,48810,339283,988408,420
2009-11-12$220.62$204.0039.1%11.2%50.6%10.1%41.0%8.0%0.1%-5.5M-2.00B-13.8M2.333.20N/AN/A9,75922,755291,383409,538
2009-11-13$224.88$207.0038.7%11.1%51.0%9.7%40.1%7.9%-0.3%7.9M-2.45B-14.0M1.243.22N/AN/A9,24811,432294,987423,854
2009-11-16$230.31$207.0037.2%10.7%51.7%8.2%38.4%7.3%-0.0%33.2M-3.19B-13.0M1.303.17N/AN/A8,68411,269298,453425,722
2009-11-17$233.28$207.0037.0%10.6%49.7%8.0%38.8%7.7%-0.3%44.2M-3.54B-12.7M1.173.49N/AN/A11,97314,000299,128427,428
2009-11-18$229.50$207.0038.3%11.0%49.9%9.2%38.8%7.3%-0.2%37.4M-3.11B-13.0M1.744.97N/AN/A13,04922,720300,696430,194
2009-11-19$227.55$210.0038.0%10.9%49.9%8.9%39.0%7.2%-0.4%24.4M-2.84B-13.1M1.563.24N/AN/A13,11320,472303,776441,040
2009-11-20$225.27$210.0037.2%10.7%49.9%8.1%37.9%6.7%0.1%115.8M-2.69B-13.0M1.333.59N/AN/A8,90611,839307,814447,819
2009-11-23$228.60$210.0035.8%10.3%50.0%7.9%35.9%7.2%0.2%397.5K-2.50B-12.6M1.042.94N/AN/A11,37011,854259,795371,841
2009-11-24$230.22$210.0032.6%9.3%48.6%4.0%37.2%6.5%0.8%3.1M-2.64B-12.4M2.762.95N/AN/A10,82329,918263,833378,403
2009-11-25$233.58$210.0032.2%9.2%41.1%3.6%36.1%6.2%1.3%18.3M-3.06B-12.4M1.993.00N/AN/A9,43418,756270,942366,212
2009-11-27$226.74$210.0036.6%10.5%34.9%8.9%38.3%7.8%0.0%-1.4M-2.28B-13.1M1.463.93N/AN/A7,87511,458272,414378,460
2009-11-30$229.41$213.0037.9%10.9%29.9%10.6%40.5%8.2%-0.5%3.1M-2.55B-12.8M1.544.45N/AN/A5,9009,074274,570383,554