EWZ Options History — August 2010

In August 2010, EWZ traded between $66.11 and $72.08. ATM implied volatility averaged 30.3%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 6.6% (HV 20d: 23.7%). Max pain ranged from $66.00 to $69.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.52.

Notable Days

  • 2010-08-27: Highest Volume — 104,900 contracts
  • 2010-08-11: Largest IV spike — 17.0% change
  • 2010-08-11: Highest IV Rank — 34.2%
  • 2010-08-11: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.45$66.11$72.08$72.08$67.75
Max Pain$68.55$66.00$69.00$66.00$69.00
ATM IV30.3%27.2%33.0%28.1%30.8%
Expected Move8.8%7.8%10.0%8.1%8.8%
HV 20d23.7%19.9%26.8%25.9%25.8%
HV 60d32.1%28.1%38.3%38.3%28.5%
IV Rank25.8%15.9%34.2%18.9%27.5%
IV Percentile25.3%7.5%43.3%10.7%29.4%
Term Structure2.4%1.3%3.9%1.7%1.9%
VWIV32.2%28.1%36.6%29.2%32.0%
Skew 25d7.7%5.5%10.3%6.8%5.8%
Skew 10d15.9%11.0%21.7%13.9%11.3%
Call IV 25d27.3%24.9%30.0%25.0%28.5%
Put IV 25d35.0%30.6%40.3%31.8%34.3%
Bid-Ask Spread %3.282.574.003.322.57
Gamma HHI0.070.060.120.060.06
Net GEX3.1M-31.8M36.1M27.7M-23.3M
Net DEX-145.1M-1.10B947.2M-1.10B552.9M
Net VEX-17.0M-18.2M-15.8M-17.7M-16.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.322.970.320.98
Total Volume54,668.04516,671104,90044,11841,225
Total OI1,720,333.1361,501,3031,893,8051,646,5661,668,434

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-08-02$72.08$66.0028.1%8.1%25.9%18.9%29.2%6.8%1.7%27.7M-1.10B-17.7M0.323.32N/AN/A33,34010,778667,715978,851
2010-08-03$71.23$66.0029.1%8.3%26.6%21.9%31.6%6.4%1.9%28.0M-886.5M-17.8M2.843.80N/AN/A12,45735,424679,789979,991
2010-08-04$71.66$67.0027.6%7.9%25.1%17.0%29.7%5.9%2.1%24.4M-957.2M-17.8M2.133.44N/AN/A13,05727,805678,2881,000,482
2010-08-05$71.76$67.0027.2%7.8%25.1%15.9%28.1%5.7%2.6%26.0M-961.9M-17.9M1.663.38N/AN/A20,79434,607683,1781,015,388
2010-08-06$71.08$69.0028.1%8.7%25.3%18.7%31.0%8.7%2.5%17.3M-697.1M-18.2M1.573.74N/AN/A22,75235,616700,6481,042,296
2010-08-09$71.12$69.0027.9%8.7%23.7%18.0%36.0%8.9%2.8%19.9M-708.4M-17.8M2.473.37N/AN/A4,79911,872710,3471,059,298
2010-08-10$70.50$69.0028.2%8.9%23.7%19.0%34.5%8.4%2.6%12.5M-498.1M-17.6M1.244.00N/AN/A21,88927,157710,4821,064,517
2010-08-11$68.16$69.0033.0%10.0%26.8%34.2%36.6%10.3%1.4%-23.1M359.8M-17.7M2.013.32N/AN/A23,39247,130718,9311,070,667
2010-08-12$68.62$69.0032.9%9.4%26.8%33.9%36.0%9.8%2.3%-20.9M248.9M-17.5M1.852.87N/AN/A18,19233,616716,4441,093,894
2010-08-13$68.61$69.0032.5%9.3%23.9%32.6%33.6%9.7%2.9%-14.5M188.4M-17.4M1.073.21N/AN/A13,47114,432726,1481,101,460
2010-08-16$69.96$69.0032.1%9.2%24.3%31.6%34.5%9.6%2.6%10.6M-325.3M-17.0M1.223.40N/AN/A15,11318,478725,7991,102,342
2010-08-17$70.80$69.0031.0%8.9%22.0%28.0%31.3%8.2%3.1%34.5M-741.8M-16.8M0.923.80N/AN/A32,59129,868729,0141,103,891
2010-08-18$70.80$69.0030.0%8.6%21.9%24.7%29.9%7.9%3.8%36.1M-768.6M-16.6M0.573.50N/AN/A26,97115,417742,6481,122,285
2010-08-19$69.87$69.0030.9%8.8%19.9%27.5%33.0%8.2%3.7%24.0M-359.9M-16.5M0.873.57N/AN/A40,95535,506751,0641,117,671
2010-08-20$69.48$69.0030.1%8.6%19.9%25.3%33.2%7.6%3.9%14.3M-167.4M-16.5M2.973.03N/AN/A16,66249,516761,0781,132,727
2010-08-23$68.30$69.0031.7%9.1%20.8%30.1%30.8%8.2%1.5%-11.4M338.7M-15.9M0.703.40N/AN/A31,56421,949610,379890,924
2010-08-24$67.40$69.0032.9%9.4%21.3%34.0%34.1%7.5%1.3%-15.4M572.1M-15.8M2.132.91N/AN/A25,78054,964628,574896,374
2010-08-25$67.08$69.0031.9%9.1%21.1%30.8%30.6%6.8%2.0%-23.1M684.2M-16.2M1.022.79N/AN/A42,69943,685641,888932,887
2010-08-26$66.11$69.0032.0%9.2%21.4%31.1%31.3%6.7%2.1%-31.4M947.2M-16.0M1.692.83N/AN/A19,66333,140644,204955,602
2010-08-27$68.69$69.0027.5%7.9%25.7%17.0%29.8%5.5%3.1%-12.1M253.7M-16.4M2.282.84N/AN/A31,95672,944651,682974,669
2010-08-30$66.90$69.0031.3%9.0%25.4%29.0%31.4%5.9%2.1%-31.8M835.2M-16.2M0.962.98N/AN/A20,08919,382664,3261,000,053
2010-08-31$67.75$69.0030.8%8.8%25.8%27.5%32.0%5.8%1.9%-23.3M552.9M-16.4M0.982.57N/AN/A20,85220,373668,2781,000,156