EWZ Options History — December 2009

In December 2009, EWZ traded between $216.18 and $239.37. ATM implied volatility averaged 32.7%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 5.2% (HV 20d: 27.5%). Max pain ranged from $195.00 to $225.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.21.

Notable Days

  • 2009-12-21: Highest Volume — 596,809 contracts
  • 2009-12-17: Largest IV spike — 11.7% change
  • 2009-12-17: Highest IV Rank — 11.4%
  • 2009-12-08: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$227.69$216.18$239.37$236.76$223.83
Max Pain$211.50$195.00$225.00$213.00$225.00
ATM IV32.7%28.8%36.2%35.0%29.6%
Expected Move9.5%8.2%10.6%10.0%8.5%
HV 20d27.5%22.6%31.3%31.3%22.6%
HV 60d36.0%35.5%36.8%35.9%35.7%
IV Rank5.6%0.0%11.4%6.9%1.5%
IV Percentile7.2%0.0%19.4%11.9%1.6%
Term Structure3.4%0.8%5.1%0.8%4.8%
VWIV35.2%29.8%56.1%36.0%32.0%
Skew 25d6.9%5.7%8.4%7.6%6.0%
Skew 10d14.3%11.5%16.9%15.6%12.6%
Call IV 25d30.4%26.5%33.9%32.0%27.6%
Put IV 25d37.3%32.6%42.2%39.6%33.6%
Bid-Ask Spread %3.502.744.192.822.99
Gamma HHI0.060.050.200.060.06
Net GEX2.8M-41.4M30.8M20.0M-4.8M
Net DEX-1.77B-3.52B491.2M-3.29B-367.1M
Net VEX-11.9M-12.6M-10.9M-12.3M-12.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.032.460.751.31
Total Volume51,757.3186,924596,80935,06812,090
Total OI625,618.364436,785748,395665,065506,331

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-12-01$236.76$213.0035.0%10.0%31.3%6.9%36.0%7.6%0.8%20.0M-3.29B-12.3M0.752.82N/AN/A20,06914,999276,743388,322
2009-12-02$239.37$213.0033.9%9.7%30.9%6.0%34.9%6.9%1.5%30.8M-3.52B-12.3M1.063.10N/AN/A10,42311,095283,172394,785
2009-12-03$236.64$213.0034.0%9.7%30.9%6.1%34.8%6.3%1.6%29.2M-3.29B-12.3M1.932.74N/AN/A6,89313,311284,534397,173
2009-12-04$233.70$195.0033.8%10.4%30.0%5.8%35.9%7.5%2.5%16.1M-2.90B-12.5M0.993.74N/AN/A9,2389,123285,225402,466
2009-12-07$233.31$195.0034.4%10.5%30.0%7.4%36.9%7.4%2.0%15.9M-2.86B-12.1M0.613.88N/AN/A20,64012,635288,324405,429
2009-12-08$228.03$195.0036.2%10.6%28.6%10.2%39.3%8.4%2.5%-4.5M-2.23B-12.4M1.724.02N/AN/A12,38921,311288,792408,865
2009-12-09$229.47$201.0034.3%10.4%28.7%7.4%35.9%7.5%2.8%-1.7M-2.41B-12.4M0.963.53N/AN/A18,33017,612290,545417,815
2009-12-10$231.06$207.0035.2%10.1%28.6%9.8%39.1%7.0%3.2%7.3M-2.67B-12.6M1.164.02N/AN/A12,61214,642301,721426,887
2009-12-11$232.32$207.0034.1%9.8%25.6%8.0%34.5%7.0%4.3%23.0M-2.87B-12.3M1.104.04N/AN/A9,0119,933301,587425,260
2009-12-14$234.42$207.0033.6%9.6%25.0%7.4%34.3%6.6%4.1%29.3M-3.11B-11.6M1.823.45N/AN/A6,96912,654300,219425,604
2009-12-15$232.32$207.0033.4%9.6%23.9%7.1%34.1%6.9%4.0%14.7M-2.77B-11.6M1.783.17N/AN/A7,82313,916299,058428,398
2009-12-16$231.36$210.0032.1%9.2%23.5%4.8%33.0%6.6%4.4%15.3M-2.66B-11.5M1.023.92N/AN/A12,91613,135302,132433,497
2009-12-17$220.65$210.0035.8%10.3%28.4%11.4%36.5%6.9%3.8%-41.4M-1.03B-11.5M2.463.86N/AN/A15,16537,320302,701434,466
2009-12-18$221.40$210.0034.1%9.8%28.3%8.3%35.6%7.9%4.1%-31.9M-1.11B-11.6M1.924.19N/AN/A13,06925,047307,318441,077
2009-12-21$220.11$210.0031.8%9.1%28.2%4.3%56.1%6.6%4.0%-13.3M-463.9M-11.1M0.033.85N/AN/A581,27115,538190,122270,541
2009-12-22$216.18$225.0031.1%8.9%28.1%3.2%32.9%7.2%3.5%-22.5M491.2M-10.9M0.482.91N/AN/A22,86611,087156,726280,059
2009-12-23$218.19$225.0028.8%8.2%28.2%0.0%30.0%6.1%4.9%-11.3M145.4M-11.5M0.903.69N/AN/A11,75310,530173,403283,918
2009-12-24$221.37$210.0029.3%8.4%28.2%0.9%30.7%6.4%5.1%77.6K-1.21B-12.2M1.003.88N/AN/A6,6656,683230,838288,342
2009-12-28$222.39$225.0030.0%8.6%26.5%2.1%31.2%6.5%3.9%-1.8M-266.3M-11.7M0.953.18N/AN/A3,5513,373184,428290,174
2009-12-29$222.75$225.0030.4%8.7%26.1%2.8%31.8%6.3%3.2%-996.8K-293.8M-11.6M1.362.88N/AN/A13,60118,464184,701290,583
2009-12-30$223.59$225.0029.2%8.4%23.1%0.7%29.8%5.7%4.5%-5.1M-367.6M-12.0M1.283.14N/AN/A8,27610,633188,367302,956
2009-12-31$223.83$225.0029.6%8.5%22.6%1.5%32.0%6.0%4.8%-4.8M-367.1M-12.2M1.312.99N/AN/A5,2356,855196,759309,572