EWZ Options History — October 2013

In October 2013, EWZ traded between $48.21 and $51.61. ATM implied volatility averaged 23.0%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 3.4% (HV 20d: 19.6%). Max pain ranged from $47.50 to $52.00. Net GEX was positive for 5 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 1.34.

Notable Days

  • 2013-10-31: Highest Volume — 159,475 contracts
  • 2013-10-10: Largest IV drop — 9.7% change
  • 2013-10-08: Highest IV Rank — 66.7%
  • 2013-10-08: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.88$48.21$51.61$48.37$50.16
Max Pain$49.33$47.50$52.00$48.00$50.00
ATM IV23.0%19.4%28.2%26.3%21.5%
Expected Move6.5%5.6%8.1%7.0%6.1%
HV 20d19.6%13.4%26.8%26.8%16.6%
HV 60d24.2%23.4%25.8%25.8%23.7%
IV Rank48.8%36.4%66.7%60.3%43.6%
IV Percentile58.8%35.7%88.1%77.4%52.4%
Term Structure-0.0%-1.1%1.6%0.2%0.4%
VWIV23.8%19.0%28.8%23.4%21.1%
Skew 25d3.9%2.9%5.4%4.2%3.2%
Skew 10d7.9%5.7%10.7%9.0%6.5%
Call IV 25d21.3%18.3%25.7%22.7%20.2%
Put IV 25d25.2%21.3%31.2%26.9%23.4%
Bid-Ask Spread %6.534.459.305.116.04
Gamma HHI0.070.060.100.060.06
Net GEX-7.3M-28.3M27.2M-17.4M-19.8M
Net DEX664.0M-79.4M1.17B1.14B904.1M
Net VEX-14.0M-14.6M-13.3M-14.6M-13.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.244.580.241.35
Total Volume58,139.82616,157159,47553,392159,475
Total OI2,076,4351,903,9062,230,0072,064,3712,101,150

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-10-01$48.37$48.0026.3%7.0%26.8%60.3%23.4%4.2%0.2%-17.4M1.14B-14.6M0.245.11N/AN/A43,21610,176824,8871,239,484
2013-10-02$48.89$48.0025.9%6.7%26.8%58.9%26.6%4.2%1.6%-8.6M893.1M-14.6M4.584.45N/AN/A8,39238,418830,7131,242,014
2013-10-03$48.40$0.0025.2%7.2%26.6%56.3%27.3%3.7%0.2%-21.5M1.12B-14.6M1.524.58N/AN/A18,29227,786825,5091,256,317
2013-10-04$48.53$50.0025.1%7.2%25.7%56.0%25.4%4.2%-0.1%-6.1M1.03B-14.5M0.605.56N/AN/A13,1137,885832,9481,247,241
2013-10-07$48.52$47.5026.6%7.6%22.7%61.4%28.8%4.9%-0.7%-16.6M1.07B-14.3M2.277.51N/AN/A8,26318,733822,2161,242,222
2013-10-08$48.21$47.5028.2%8.1%22.9%66.7%28.8%5.4%-1.1%-20.7M1.17B-14.3M1.518.23N/AN/A18,06927,342825,3921,247,088
2013-10-09$48.46$48.0027.2%7.8%22.8%63.5%28.0%5.4%-0.7%-17.5M1.09B-14.4M2.147.80N/AN/A12,85827,521831,1461,264,115
2013-10-10$49.35$0.0024.6%7.1%22.9%54.3%23.8%5.1%-0.4%2.7M708.4M-14.3M0.687.36N/AN/A22,29815,170836,5581,271,224
2013-10-11$49.77$49.0023.1%6.7%22.9%49.2%24.2%4.6%-0.3%16.6M497.4M-14.2M0.695.78N/AN/A44,62530,933852,9981,282,506
2013-10-14$50.44$48.0023.0%6.6%23.2%48.7%28.3%4.0%-0.0%24.8M128.3M-14.2M1.616.33N/AN/A24,23538,973887,5981,284,875
2013-10-15$50.07$48.5023.8%6.8%23.3%51.5%26.3%4.6%-0.7%27.2M319.1M-14.1M1.015.02N/AN/A43,13443,714889,1541,284,688
2013-10-16$50.50$49.0022.6%6.5%15.7%47.4%24.2%4.3%-0.1%19.8M183.9M-14.1M1.645.43N/AN/A33,40854,915862,8561,315,676
2013-10-17$50.90$49.0020.7%5.9%15.8%40.9%21.4%3.6%0.5%-2.1M-79.4M-13.5M0.714.97N/AN/A43,60230,759853,8961,323,700
2013-10-18$50.70$49.0020.3%5.8%13.6%39.4%21.0%3.4%0.8%-18.8M-40.5M-13.5M0.986.05N/AN/A58,23056,866890,0431,339,964
2013-10-21$51.02$49.0019.7%5.7%13.4%37.4%19.7%3.2%-0.1%-14.1M508.9M-13.6M0.784.63N/AN/A18,37014,392737,8201,166,086
2013-10-22$51.61$51.0019.4%5.6%13.8%36.4%19.0%3.0%-0.1%-7.7M299.7M-13.3M0.676.63N/AN/A34,01722,770750,2301,169,611
2013-10-23$50.37$51.0020.8%6.0%15.8%41.1%21.7%3.4%-0.2%-19.3M773.3M-13.9M2.796.87N/AN/A12,35934,433779,0961,185,601
2013-10-24$49.99$49.5021.3%6.1%16.1%43.0%22.1%3.7%-0.1%-28.3M988.9M-14.0M1.007.35N/AN/A31,48531,462783,8401,211,188
2013-10-25$50.24$49.0021.2%6.1%15.9%42.4%21.5%3.5%-0.2%-19.2M861.4M-13.7M2.437.46N/AN/A4,70511,452803,4241,221,752
2013-10-28$50.94$52.0021.1%6.0%16.4%42.3%20.5%2.9%0.2%-11.4M588.0M-14.0M0.489.08N/AN/A26,44512,574810,5501,207,822
2013-10-29$50.97$51.5020.9%6.0%16.2%41.4%22.4%3.1%-0.0%-4.0M529.8M-13.6M0.598.68N/AN/A31,61518,544831,4811,210,132
2013-10-30$50.93$51.5020.7%5.9%15.9%40.9%21.1%3.1%0.2%-6.8M580.2M-13.8M0.559.30N/AN/A33,72318,469852,0701,229,124
2013-10-31$50.16$50.0021.5%6.1%16.6%43.6%21.1%3.2%0.4%-19.8M904.1M-13.7M1.356.04N/AN/A67,73091,745867,1001,234,050