EWZ Options History — August 2012

In August 2012, EWZ traded between $51.98 and $55.50. ATM implied volatility averaged 25.7%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 1.4% (HV 20d: 24.3%). Max pain ranged from $52.00 to $59.00. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 1.02.

Notable Days

  • 2012-08-29: Highest Volume — 128,250 contracts
  • 2012-08-02: Largest IV drop — 29.1% change
  • 2012-08-01: Highest IV Rank — 31.9%
  • 2012-08-01: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.16$51.98$55.50$52.65$52.72
Max Pain$56.78$52.00$59.00$52.00$57.00
ATM IV25.7%20.5%41.9%41.9%25.4%
Expected Move7.3%6.8%8.5%8.5%7.5%
HV 20d24.3%15.8%28.0%26.6%15.8%
HV 60d29.3%27.6%31.3%30.8%27.6%
IV Rank8.8%0.0%31.9%31.9%9.4%
IV Percentile21.9%0.0%84.1%84.1%24.2%
Term Structure1.8%-1.7%3.6%-1.7%1.9%
VWIV25.9%23.7%29.6%29.6%26.3%
Skew 25d3.8%3.0%4.8%4.1%4.1%
Skew 10d7.7%5.6%9.5%8.6%8.1%
Call IV 25d24.1%22.1%28.0%28.0%24.9%
Put IV 25d28.0%25.8%32.2%32.2%29.0%
Bid-Ask Spread %5.944.597.595.277.59
Gamma HHI0.080.060.090.070.07
Net GEX5.0M-24.9M33.7M-15.5M-15.6M
Net DEX1.28B626.9M2.03B1.67B1.92B
Net VEX-17.2M-17.9M-16.4M-17.0M-16.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.324.201.750.51
Total Volume63,964.78342,475128,25077,24254,292
Total OI2,208,173.3042,059,8882,324,0732,059,8882,318,502

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-08-01$52.65$52.0041.9%8.5%26.6%31.9%29.6%4.1%-1.7%-15.5M1.67B-17.0M1.755.27N/AN/A28,06349,179888,8831,171,005
2012-08-02$51.98$52.0029.7%8.2%26.9%13.4%29.0%4.3%-0.3%-24.9M1.93B-16.4M0.995.65N/AN/A25,09324,925904,8041,209,203
2012-08-03$53.48$52.0026.3%7.3%27.9%8.2%26.8%3.0%1.1%4.5M1.37B-17.1M1.555.63N/AN/A18,03327,925913,7641,214,068
2012-08-06$54.21$59.0028.5%7.7%28.0%11.6%26.9%3.7%1.5%1.8M1.15B-17.2M0.484.69N/AN/A65,74031,557898,2941,213,458
2012-08-07$54.25$58.0029.1%7.7%27.1%12.6%27.7%3.7%1.6%11.1M1.12B-17.3M2.525.64N/AN/A12,07130,404938,9791,226,008
2012-08-08$55.01$58.0023.5%7.3%27.3%5.1%26.2%3.6%1.9%21.5M828.1M-17.5M0.625.49N/AN/A44,54627,619940,9811,233,209
2012-08-09$55.00$58.0022.7%7.3%27.0%3.5%25.8%3.9%2.1%26.4M815.5M-17.8M1.134.59N/AN/A34,17938,677965,0391,240,990
2012-08-10$55.49$58.0020.7%7.1%26.6%0.0%24.8%3.8%2.8%28.9M626.9M-17.9M0.415.71N/AN/A43,95318,031978,3161,267,946
2012-08-13$55.09$58.0023.0%7.0%26.7%4.4%25.3%3.5%3.1%18.5M835.8M-17.5M1.355.22N/AN/A19,66826,482983,5541,255,735
2012-08-14$54.31$58.0023.3%7.2%27.3%4.9%26.4%3.8%3.1%7.9M1.15B-17.2M0.795.59N/AN/A40,51631,983984,9231,265,229
2012-08-15$54.55$58.0020.5%6.9%27.3%0.0%26.1%3.5%3.3%11.3M1.08B-17.2M4.205.92N/AN/A9,49439,883999,2031,271,960
2012-08-16$55.50$58.0024.3%7.0%27.4%7.4%23.7%3.4%3.2%31.5M663.5M-17.4M0.486.01N/AN/A67,00332,269991,5851,273,518
2012-08-17$55.37$57.0023.7%6.8%26.3%6.3%24.0%3.7%3.6%33.7M695.6M-17.5M1.235.16N/AN/A27,89034,2771,021,3791,285,202
2012-08-20$55.38$57.0024.2%6.9%23.9%7.1%24.1%3.4%1.4%6.9M1.06B-17.7M0.515.74N/AN/A31,65616,034937,6871,183,944
2012-08-21$54.84$57.0024.0%6.9%24.2%6.8%24.0%3.4%1.5%5.0M1.22B-17.2M0.496.61N/AN/A51,91125,659954,6691,183,210
2012-08-22$55.04$57.0024.1%6.9%24.1%7.0%23.9%3.8%1.6%10.2M1.16B-17.5M0.626.12N/AN/A34,26121,255985,1301,192,796
2012-08-23$54.16$57.0024.8%7.1%22.8%8.4%25.1%4.0%2.0%-2.8M1.46B-17.2M0.606.14N/AN/A45,87427,740993,5951,204,406
2012-08-24$54.25$57.0024.9%7.1%19.2%8.5%23.7%4.1%1.7%-121.0K1.44B-17.2M0.326.19N/AN/A38,88312,5761,009,1111,210,709
2012-08-27$53.71$57.0025.1%7.2%19.5%9.0%24.7%4.2%1.8%-6.1M1.60B-17.0M0.566.66N/AN/A28,49215,8901,017,8591,210,082
2012-08-28$53.58$57.0025.4%7.3%18.1%9.4%25.6%4.1%1.9%-5.7M1.62B-17.0M0.657.17N/AN/A26,64717,4361,032,1461,219,976
2012-08-29$52.71$57.0027.0%7.7%19.1%12.6%27.4%4.2%1.5%-15.6M1.91B-16.6M0.686.74N/AN/A76,12652,1241,045,8551,227,001
2012-08-30$52.33$57.0028.0%8.0%18.7%14.4%28.5%4.8%0.8%-17.8M2.03B-16.6M0.917.13N/AN/A23,52821,3461,070,1481,253,925
2012-08-31$52.72$57.0025.4%7.5%15.8%9.4%26.3%4.1%1.9%-15.6M1.92B-16.7M0.517.59N/AN/A35,98118,3111,065,5741,252,928