EWZ Options History — November 2010

In November 2010, EWZ traded between $74.12 and $81.58. ATM implied volatility averaged 29.4%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 5.3% (HV 20d: 24.1%). Max pain ranged from $74.00 to $77.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.21.

Notable Days

  • 2010-11-23: Highest Volume — 119,787 contracts
  • 2010-11-09: Largest IV spike — 12.3% change
  • 2010-11-30: Highest IV Rank — 39.0%
  • 2010-11-30: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.41$74.12$81.58$78.03$74.85
Max Pain$75.10$74.00$77.00$76.00$75.00
ATM IV29.4%25.2%34.2%28.6%34.2%
Expected Move8.5%7.4%9.8%8.2%9.8%
HV 20d24.1%22.4%26.8%23.3%26.4%
HV 60d23.2%22.2%24.1%23.4%22.3%
IV Rank23.8%10.7%39.0%21.3%39.0%
IV Percentile37.2%6.3%72.6%29.4%72.6%
Term Structure-0.3%-2.4%1.3%0.8%-2.4%
VWIV30.3%26.7%34.2%28.8%33.6%
Skew 25d6.5%3.7%8.0%4.9%7.8%
Skew 10d13.3%7.4%16.5%9.7%16.1%
Call IV 25d26.7%24.1%30.7%26.4%30.7%
Put IV 25d33.2%28.3%38.5%31.3%38.5%
Bid-Ask Spread %4.603.735.994.264.21
Gamma HHI0.070.060.080.060.07
Net GEX36.7M-8.4M76.7M38.0M23.6M
Net DEX-1.61B-4.38B462.2M-1.93B186.8M
Net VEX-20.5M-23.9M-17.7M-23.9M-18.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.651.991.071.26
Total Volume62,235.47617,787119,78747,11473,636
Total OI2,476,309.6192,246,2302,640,2332,442,6062,409,516

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-11-01$78.03$76.0028.6%8.2%23.3%21.3%28.8%4.9%0.8%38.0M-1.93B-23.9M1.074.26N/AN/A22,72624,3881,133,0021,309,604
2010-11-02$79.23$76.0028.7%8.2%22.9%21.8%29.1%5.2%0.0%46.2M-2.82B-22.6M1.053.98N/AN/A42,10744,0641,126,6271,302,172
2010-11-03$79.38$76.0026.6%7.6%22.4%15.2%26.7%3.7%1.3%55.0M-3.01B-22.3M1.034.29N/AN/A19,08119,6221,152,2381,321,758
2010-11-04$81.58$77.0025.7%7.4%23.7%12.3%27.2%3.8%0.9%72.8M-4.38B-20.9M0.654.64N/AN/A41,59726,8791,157,4731,327,343
2010-11-05$81.16$74.0025.2%7.7%23.0%10.7%27.9%5.6%-0.1%76.7M-4.20B-21.1M1.293.96N/AN/A26,09033,7321,174,1901,332,358
2010-11-08$80.82$74.0025.3%7.6%23.1%11.1%29.5%6.1%0.3%74.9M-3.97B-20.5M1.254.33N/AN/A11,85314,7691,165,6191,333,480
2010-11-09$79.13$74.0028.4%8.3%24.4%20.9%29.6%7.0%-0.5%54.1M-2.82B-21.5M1.244.68N/AN/A23,38029,0421,166,5421,339,582
2010-11-10$78.88$75.0027.5%8.2%22.9%17.9%28.5%6.8%-0.1%50.0M-2.68B-21.5M1.224.46N/AN/A36,66744,7501,172,8061,344,940
2010-11-11$77.96$75.0028.6%8.2%23.1%21.3%28.2%6.7%0.4%43.8M-1.98B-22.6M1.435.21N/AN/A17,93725,6421,191,7141,366,512
2010-11-12$76.75$75.0030.0%8.6%23.7%25.9%31.6%6.8%-0.6%24.5M-1.14B-21.8M1.995.87N/AN/A17,35134,5881,195,9011,367,412
2010-11-15$76.91$75.0030.1%8.6%23.7%26.1%32.2%6.7%-0.8%23.3M-1.29B-20.9M1.914.44N/AN/A12,80424,4381,199,5231,375,429
2010-11-16$74.80$75.0032.5%9.3%23.3%33.6%33.2%7.7%-1.0%-5.4M423.6M-20.5M1.545.99N/AN/A37,59657,7831,203,1681,382,400
2010-11-17$75.08$75.0032.2%9.2%22.9%32.7%34.2%8.0%-0.6%-8.4M209.8M-20.7M1.845.41N/AN/A14,92027,5121,214,7411,407,068
2010-11-18$77.20$75.0029.0%8.3%23.9%22.7%29.6%7.3%-0.0%22.0M-1.68B-20.0M0.854.48N/AN/A43,26636,7321,209,2281,407,515
2010-11-19$77.26$75.0028.2%8.1%23.8%20.1%28.5%7.0%0.5%23.1M-1.79B-19.6M0.773.95N/AN/A38,26729,4151,220,8551,419,378
2010-11-22$76.31$75.0029.0%8.3%24.0%22.7%29.9%6.9%-0.3%40.1M-752.8M-18.4M1.085.59N/AN/A25,94027,9761,039,3091,206,921
2010-11-23$74.12$75.0031.9%9.1%25.5%31.7%31.3%7.4%-1.0%11.3M462.2M-18.1M0.683.97N/AN/A71,24748,5401,050,9641,217,571
2010-11-24$75.94$75.0029.5%8.5%26.4%24.3%29.9%6.3%-0.6%44.8M-575.3M-18.8M0.783.73N/AN/A34,85727,0611,097,9861,249,967
2010-11-26$74.81$75.0032.0%9.2%26.8%32.2%33.9%7.8%-1.6%26.7M126.9M-18.4M1.084.76N/AN/A8,5369,2511,099,7521,254,283
2010-11-29$75.32$75.0033.1%9.5%26.8%35.7%32.5%7.6%-1.9%33.4M-133.5M-17.7M1.394.50N/AN/A42,19858,7051,103,2501,252,405
2010-11-30$74.85$75.0034.2%9.8%26.4%39.0%33.6%7.8%-2.4%23.6M186.8M-18.2M1.264.21N/AN/A32,64240,9941,124,3521,285,164