EWZ Options History — April 2010

In April 2010, EWZ traded between $70.05 and $75.73. ATM implied volatility averaged 26.8%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 5.8% (HV 20d: 21.0%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 2.01.

Notable Days

  • 2010-04-09: Highest Volume — 113,880 contracts
  • 2010-04-27: Largest IV spike — 27.6% change
  • 2010-04-27: Highest IV Rank — 35.4%
  • 2010-04-27: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$73.90$70.05$75.73$74.95$72.26
Max Pain$74.14$70.00$75.00$72.00$74.00
ATM IV26.8%22.2%32.9%23.3%32.1%
Expected Move8.1%6.7%9.4%6.7%9.2%
HV 20d21.0%18.1%26.0%21.7%25.5%
HV 60d28.2%26.6%29.5%29.4%27.1%
IV Rank13.4%0.0%35.4%0.0%33.0%
IV Percentile8.2%0.0%31.3%0.0%28.6%
Term Structure2.0%0.9%3.9%3.9%1.8%
VWIV29.1%25.4%32.6%25.4%32.6%
Skew 25d5.9%4.4%7.5%4.4%7.5%
Skew 10d12.7%9.9%16.3%9.9%16.3%
Call IV 25d25.7%21.7%29.8%21.7%28.4%
Put IV 25d31.6%26.1%36.7%26.1%35.9%
Bid-Ask Spread %4.313.525.673.525.67
Gamma HHI0.060.050.060.050.05
Net GEX-14.8M-53.2M18.5M15.3M-44.2M
Net DEX-252.7M-965.0M1.02B-860.5M461.4M
Net VEX-15.2M-17.5M-13.9M-14.1M-17.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.010.635.801.731.68
Total Volume70,190.04841,754113,88070,35765,584
Total OI1,292,820.9051,127,4651,469,5811,127,4651,469,581

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-04-01$74.95$72.0023.3%6.7%21.7%0.0%25.4%4.4%3.9%15.3M-860.5M-14.1M1.733.52N/AN/A25,78044,577479,057648,408
2010-04-05$75.30$70.0025.7%8.0%20.4%7.0%27.9%6.1%0.9%17.0M-942.7M-13.9M2.924.02N/AN/A14,83743,371488,512670,896
2010-04-06$75.58$74.0023.5%7.9%20.1%0.4%28.4%6.0%1.1%16.4M-965.0M-13.9M1.044.27N/AN/A27,55028,685488,782695,370
2010-04-07$74.41$74.0026.1%8.4%20.1%8.2%31.1%6.1%1.1%8.1M-666.1M-14.4M2.394.04N/AN/A16,04738,310502,932707,183
2010-04-08$75.31$74.0024.3%8.2%20.3%3.1%29.2%5.9%1.7%16.9M-907.4M-14.2M3.043.53N/AN/A12,34337,494502,932707,183
2010-04-09$75.45$75.0022.9%8.1%20.3%0.0%28.3%5.7%1.5%18.5M-960.2M-14.2M5.804.14N/AN/A16,74497,136506,390732,740
2010-04-12$74.99$75.0025.5%8.2%20.2%7.8%29.3%5.9%1.5%7.2M-726.9M-14.7M2.353.88N/AN/A13,71332,161512,890819,166
2010-04-13$74.90$75.0023.9%8.0%20.2%3.1%29.0%5.4%1.7%-3.0M-635.6M-14.8M2.344.77N/AN/A12,49729,257517,609834,836
2010-04-14$75.73$75.0022.2%7.8%20.2%0.0%28.8%5.7%2.3%8.4M-882.4M-14.5M0.924.20N/AN/A28,32926,107515,459835,839
2010-04-15$74.96$75.0028.2%8.1%20.5%17.7%29.8%5.7%1.8%-3.5M-703.2M-14.7M1.054.30N/AN/A39,91441,988528,535845,606
2010-04-16$73.36$75.0029.8%8.6%21.3%22.6%30.1%6.1%1.7%-14.9M-222.9M-15.0M1.284.36N/AN/A47,47660,985541,938859,204
2010-04-19$73.10$75.0029.3%8.4%20.4%21.0%30.0%7.0%2.6%-24.2M34.6M-15.1M2.354.47N/AN/A29,59369,627450,630710,632
2010-04-20$73.69$75.0026.7%7.7%20.5%13.3%28.4%5.6%3.0%-30.6M32.5M-15.4M2.134.60N/AN/A26,17955,632459,511760,333
2010-04-21$72.99$75.0027.2%7.8%20.3%16.5%28.0%5.0%2.8%-37.8M240.0M-15.8M1.804.10N/AN/A17,52031,567469,575784,400
2010-04-22$73.49$74.0027.3%7.8%19.5%16.9%27.8%5.5%2.7%-35.5M123.7M-15.9M1.634.60N/AN/A28,57146,519477,092796,152
2010-04-23$73.63$74.0025.9%7.4%18.1%12.2%27.6%5.6%3.4%-38.0M109.0M-16.0M1.983.92N/AN/A18,91737,511486,064824,998
2010-04-26$73.50$74.0025.8%7.4%18.2%11.9%25.7%5.3%2.8%-40.1M135.1M-15.7M0.634.05N/AN/A30,27919,011486,556830,988
2010-04-27$70.05$74.0032.9%9.4%23.4%35.4%32.4%6.9%1.4%-52.5M1.02B-16.4M1.564.91N/AN/A34,66954,064515,717854,394
2010-04-28$71.01$74.0030.8%8.8%23.9%28.6%31.4%6.4%1.4%-53.2M799.4M-16.7M1.654.73N/AN/A23,43838,775532,121873,765
2010-04-29$73.20$74.0029.3%8.4%26.0%23.6%30.6%6.2%1.5%-40.8M211.6M-16.8M1.854.33N/AN/A39,09472,140536,786888,477
2010-04-30$72.26$74.0032.1%9.2%25.5%33.0%32.6%7.5%1.8%-44.2M461.4M-17.5M1.685.67N/AN/A24,51741,067555,595913,986