EWZ Options History — March 2010

In March 2010, EWZ traded between $69.68 and $73.97. ATM implied volatility averaged 28.7%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 5.4% (HV 20d: 23.3%). Max pain ranged from $70.00 to $72.00. Net GEX was positive for 8 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 1.37.

Notable Days

  • 2010-03-03: Highest Volume — 108,597 contracts
  • 2010-03-05: Largest IV drop — 7.6% change
  • 2010-03-15: Highest IV Rank — 14.7%
  • 2010-03-15: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$72.13$69.68$73.97$69.68$73.64
Max Pain$71.09$70.00$72.00$70.00$72.00
ATM IV28.7%23.9%32.0%30.4%23.9%
Expected Move8.3%6.9%9.2%8.7%6.9%
HV 20d23.3%17.6%37.4%37.4%21.0%
HV 60d226.7%226.5%226.8%226.5%226.6%
IV Rank6.0%0.0%14.7%7.6%0.0%
IV Percentile4.9%0.0%15.9%7.5%0.0%
Term Structure2.0%0.4%3.6%1.2%3.6%
VWIV29.8%25.3%34.3%33.0%25.3%
Skew 25d6.1%4.5%6.8%5.8%4.5%
Skew 10d12.3%10.0%13.7%11.8%10.0%
Call IV 25d26.5%22.4%29.4%28.3%22.4%
Put IV 25d32.6%26.9%36.3%34.2%26.9%
Bid-Ask Spread %3.372.514.062.873.28
Gamma HHI0.070.050.220.070.06
Net GEX-7.3M-43.5M21.4M-29.9M1.5M
Net DEX-339.8M-1.06B297.5M274.0M-461.3M
Net VEX-14.0M-14.5M-13.4M-13.9M-14.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.370.533.323.320.53
Total Volume72,89041,907108,59768,26741,907
Total OI1,382,428.609981,2651,712,9641,384,2191,108,506

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-03-01$69.68$70.0030.4%8.7%37.4%7.6%33.0%5.8%1.2%-29.9M274.0M-13.9M3.322.87N/AN/A15,80952,458536,739847,480
2010-03-02$70.59$70.0031.2%9.0%34.5%8.9%33.3%6.7%1.1%-27.0M71.6M-14.3M1.262.99N/AN/A34,72743,914541,896871,509
2010-03-03$70.58$70.0031.9%9.2%34.1%10.9%34.3%6.8%1.0%-28.9M95.5M-14.4M1.032.51N/AN/A53,55055,047554,835884,761
2010-03-04$70.56$70.0030.6%8.8%33.6%8.4%31.4%6.6%1.5%-33.0M104.9M-14.5M0.823.07N/AN/A25,09420,615579,880919,859
2010-03-05$72.20$70.0028.2%8.8%24.6%3.9%31.1%6.7%1.4%-11.4M-454.4M-14.2M1.043.12N/AN/A29,67430,860581,393905,022
2010-03-08$71.67$70.0029.7%8.8%25.0%6.7%31.0%6.8%1.6%-18.0M-295.0M-14.0M0.663.59N/AN/A30,46019,995586,952920,005
2010-03-09$73.06$70.0028.1%8.6%24.3%3.7%31.3%6.5%1.6%-3.6M-786.5M-13.4M1.503.48N/AN/A37,20555,640593,654927,886
2010-03-10$73.65$70.0027.9%8.7%21.2%4.1%31.1%6.7%0.7%2.5M-935.9M-13.6M1.033.78N/AN/A41,31042,374598,997958,694
2010-03-11$73.85$71.0029.8%8.5%21.1%8.5%28.9%6.3%1.6%12.8M-1.03B-14.1M1.393.25N/AN/A25,56235,472619,701971,582
2010-03-12$73.23$71.0030.3%8.7%20.6%10.6%30.5%6.2%1.3%8.5M-846.4M-14.1M2.654.01N/AN/A24,98766,337631,589974,651
2010-03-15$73.20$71.0032.0%9.2%20.4%14.7%32.1%6.6%0.4%11.6M-825.0M-14.0M0.864.06N/AN/A38,73433,241639,878993,363
2010-03-16$73.97$72.0029.8%8.6%19.1%9.4%30.8%6.4%1.4%21.4M-1.06B-14.1M1.833.35N/AN/A25,69146,908649,791995,370
2010-03-17$73.57$72.0028.9%8.3%19.3%7.0%28.9%6.3%2.1%15.9M-950.3M-14.0M0.533.20N/AN/A62,05733,010650,3531,011,819
2010-03-18$72.44$72.0029.4%8.4%19.6%8.2%29.7%6.0%2.1%-4.7M-459.1M-13.9M1.163.44N/AN/A43,69150,892669,7481,020,388
2010-03-19$71.30$72.0029.5%8.5%20.6%8.5%30.0%5.7%2.2%-43.5M78.1M-13.6M1.353.44N/AN/A45,32361,220673,7521,039,212
2010-03-22$71.74$72.0027.4%7.9%20.3%3.2%28.0%5.7%2.7%-2.9M-86.3M-13.6M0.883.41N/AN/A36,94932,348425,010556,255
2010-03-23$72.72$71.0026.3%7.5%17.6%0.4%27.6%5.2%2.8%4.4M-321.4M-13.9M1.573.52N/AN/A21,67034,057443,955570,775
2010-03-24$71.56$71.0027.3%7.8%19.0%3.0%27.8%5.7%3.0%-3.6M-43.3M-13.9M1.863.23N/AN/A18,66934,783452,469587,792
2010-03-25$70.28$72.0028.4%8.1%20.4%5.7%27.4%5.2%2.6%-12.1M231.6M-13.7M1.922.96N/AN/A28,09053,962453,946595,008
2010-03-26$70.44$72.0027.7%7.9%20.0%3.9%27.4%6.2%2.9%-17.9M297.5M-13.9M1.063.66N/AN/A37,35039,760451,587619,591
2010-03-29$72.34$72.0025.7%7.4%21.1%0.0%26.4%5.5%3.2%-6.2M-159.1M-14.0M1.513.62N/AN/A24,25636,643458,464629,149
2010-03-30$72.77$72.0025.3%7.2%20.7%0.0%26.9%5.4%3.4%-4.0M-250.1M-14.0M1.733.63N/AN/A19,86134,308459,597632,995
2010-03-31$73.64$72.0023.9%6.9%21.0%0.0%25.3%4.5%3.6%1.5M-461.3M-14.0M0.533.28N/AN/A27,31314,594462,174646,332