EWZ Options History — August 2013

In August 2013, EWZ traded between $41.26 and $44.70. ATM implied volatility averaged 26.7%, placing in the 60.8% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 3.2% (HV 20d: 23.5%). Max pain ranged from $44.00 to $46.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.97.

Notable Days

  • 2013-08-22: Highest Volume — 131,576 contracts
  • 2013-08-05: Largest IV spike — 13.3% change
  • 2013-08-28: Highest IV Rank — 76.3%
  • 2013-08-28: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.16$41.26$44.70$43.89$42.39
Max Pain$45.05$44.00$46.00$44.00$45.00
ATM IV26.7%22.0%30.9%24.4%28.4%
Expected Move7.6%6.3%8.9%6.8%8.5%
HV 20d23.5%20.3%27.1%23.8%26.8%
HV 60d25.1%23.6%26.7%23.6%26.0%
IV Rank60.8%39.7%76.3%46.8%67.7%
IV Percentile81.3%52.8%94.0%71.0%88.9%
Term Structure-0.7%-1.6%1.6%0.5%-0.6%
VWIV26.9%23.0%32.2%24.9%29.0%
Skew 25d5.6%3.9%6.9%3.9%6.9%
Skew 10d11.2%7.7%14.3%7.7%14.3%
Call IV 25d24.0%20.6%28.1%22.3%26.2%
Put IV 25d29.6%24.7%33.9%26.2%33.1%
Bid-Ask Spread %7.175.408.876.247.49
Gamma HHI0.120.090.190.110.12
Net GEX-49.7M-71.0M-29.7M-50.1M-49.2M
Net DEX2.42B1.88B2.98B2.18B2.71B
Net VEX-12.2M-13.0M-10.6M-12.7M-12.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.970.554.671.341.50
Total Volume63,572.40921,298131,57628,04159,823
Total OI2,080,987.51,947,8982,247,3601,996,0252,247,360

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-08-01$43.89$44.0024.4%6.8%23.8%46.8%24.9%3.9%0.5%-50.1M2.18B-12.7M1.346.24N/AN/A11,98016,061770,6001,225,425
2013-08-02$43.96$44.0022.0%6.3%23.1%39.7%23.0%4.1%1.6%-44.3M2.16B-12.9M1.197.33N/AN/A9,74211,556777,9411,233,898
2013-08-05$43.29$46.0024.9%6.9%24.0%48.5%26.4%5.2%-0.6%-51.3M2.35B-12.2M2.446.55N/AN/A7,83819,134777,6391,219,965
2013-08-06$42.78$46.0026.3%6.8%24.2%60.1%23.4%5.0%-0.3%-61.3M2.53B-11.7M1.516.07N/AN/A18,56727,956780,6931,228,630
2013-08-07$42.46$45.0024.4%7.1%24.0%53.6%24.5%5.1%-1.2%-61.8M2.60B-11.4M2.115.40N/AN/A7,73016,281793,1591,233,946
2013-08-08$43.82$45.0023.8%6.9%23.6%51.4%25.4%5.0%-0.7%-48.6M2.19B-12.4M1.906.77N/AN/A21,21140,207793,3881,241,865
2013-08-09$44.61$45.0023.2%6.7%23.5%49.3%24.2%4.9%-0.5%-30.8M1.88B-13.0M0.958.63N/AN/A21,27220,259801,4451,244,973
2013-08-12$44.70$45.0025.8%6.9%21.6%58.4%26.5%5.5%-0.9%-29.7M1.89B-13.0M3.407.55N/AN/A15,17351,592808,6301,242,603
2013-08-13$44.42$45.0026.6%7.2%21.7%61.3%26.1%5.0%-1.5%-40.0M2.04B-12.7M2.986.82N/AN/A12,59837,489808,9791,267,707
2013-08-14$44.13$45.0027.5%7.2%21.1%64.6%25.6%5.4%-0.8%-46.8M2.13B-12.7M2.595.91N/AN/A25,09665,062813,0071,284,299
2013-08-15$43.95$46.0025.2%7.2%21.1%56.4%25.1%6.0%-1.3%-57.7M2.26B-12.3M1.357.99N/AN/A39,25552,849817,1171,294,140
2013-08-16$43.14$45.0026.5%7.6%21.7%60.8%27.2%6.9%-1.5%-71.0M2.54B-11.9M2.177.05N/AN/A29,29963,697831,6621,316,393
2013-08-19$42.49$45.0028.1%8.0%21.1%66.4%28.0%6.7%-1.0%-51.6M2.64B-11.2M1.897.43N/AN/A25,79148,844765,6451,182,253
2013-08-20$42.12$45.0027.9%8.0%20.3%65.8%30.8%6.5%-0.2%-53.6M2.73B-11.2M4.676.68N/AN/A10,25547,920778,6781,205,546
2013-08-21$41.26$45.0028.6%8.2%20.4%68.4%27.7%6.9%-1.2%-58.0M2.98B-10.6M1.395.88N/AN/A25,56535,497781,9231,235,042
2013-08-22$41.96$45.0026.9%7.7%21.1%62.5%27.2%6.3%-0.2%-58.1M2.79B-11.2M2.608.32N/AN/A36,50195,075798,3551,238,295
2013-08-23$43.78$45.0025.8%7.4%26.6%58.6%26.1%4.8%-0.3%-46.0M2.26B-12.9M0.558.48N/AN/A80,44543,996820,6471,294,404
2013-08-26$43.04$45.0029.1%8.4%27.0%70.1%28.1%5.5%-1.2%-42.4M2.43B-12.6M0.698.87N/AN/A44,91930,876864,6011,299,295
2013-08-27$42.50$45.0030.7%8.8%27.1%75.5%31.7%5.4%-1.6%-45.0M2.61B-12.3M3.257.25N/AN/A14,85548,351887,0151,311,090
2013-08-28$42.42$45.0030.9%8.9%27.1%76.3%32.2%6.0%-1.5%-46.2M2.61B-12.3M2.047.50N/AN/A16,74434,095896,6761,324,426
2013-08-29$42.36$45.0030.4%8.7%26.8%74.7%29.5%5.9%-1.2%-48.8M2.66B-12.3M0.847.62N/AN/A30,99326,144904,9291,337,441
2013-08-30$42.39$45.0028.4%8.5%26.8%67.7%29.0%6.9%-0.6%-49.2M2.71B-12.1M1.507.49N/AN/A23,91135,912898,4681,348,892