EWZ Options History — July 2014

In July 2014, EWZ traded between $47.32 and $51.68. ATM implied volatility averaged 22.2%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 3.3% (HV 20d: 18.9%). Max pain ranged from $50.00 to $51.50. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 1.74.

Notable Days

  • 2014-07-18: Highest Volume — 135,938 contracts
  • 2014-07-31: Largest IV spike — 7.4% change
  • 2014-07-31: Highest IV Rank — 50.5%
  • 2014-07-31: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.49$47.32$51.68$47.88$48.50
Max Pain$50.48$50.00$51.50$50.00$51.50
ATM IV22.2%20.5%25.7%22.0%25.7%
Expected Move7.8%7.5%8.4%7.6%8.4%
HV 20d18.9%14.7%23.0%21.4%23.0%
HV 60d20.2%19.2%20.9%20.6%20.8%
IV Rank30.3%21.7%50.5%25.7%50.5%
IV Percentile19.0%4.0%60.3%12.7%60.3%
Term Structure0.4%-0.3%1.5%0.3%0.1%
VWIV27.6%22.3%34.0%26.9%30.9%
Skew 25d3.0%2.6%3.5%3.5%3.3%
Skew 10d6.3%5.6%7.9%7.3%6.3%
Call IV 25d21.3%19.9%24.3%21.0%24.3%
Put IV 25d24.3%22.8%27.7%24.4%27.7%
Bid-Ask Spread %6.663.8012.246.955.50
Gamma HHI0.080.050.200.070.06
Net GEX-2.1M-45.4M70.4M-24.8M-45.4M
Net DEX568.9M-392.9M1.53B1.30B1.33B
Net VEX-26.8M-28.2M-25.2M-25.7M-27.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.740.377.441.681.56
Total Volume67,342.68218,594135,93820,15075,686
Total OI3,000,484.8642,815,3813,180,4662,815,3813,180,466

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$47.88$50.0022.0%7.6%21.4%25.7%26.9%3.5%0.3%-24.8M1.30B-25.7M1.686.95N/AN/A7,52712,6231,081,2611,734,120
2014-07-02$47.32$50.0022.3%7.6%21.6%27.0%30.8%3.3%0.2%-36.7M1.53B-25.5M3.367.05N/AN/A15,46551,9421,084,2601,740,268
2014-07-03$47.84$50.0021.4%7.6%21.8%22.7%29.5%2.9%0.3%-26.2M1.32B-25.7M0.846.19N/AN/A10,1248,4701,099,5631,779,646
2014-07-07$47.90$50.0021.8%7.6%18.4%24.7%27.8%3.0%0.4%-23.6M1.26B-25.2M7.447.06N/AN/A4,18231,0991,096,8541,761,549
2014-07-08$47.75$50.0022.3%7.6%14.7%27.0%29.8%3.0%-0.3%-27.8M1.31B-25.3M2.127.32N/AN/A32,13768,0321,098,2321,778,371
2014-07-09$48.46$50.0022.1%7.5%15.7%30.6%28.0%2.9%0.4%-12.3M1.06B-26.2M1.727.76N/AN/A20,92136,0561,107,9981,815,418
2014-07-10$48.58$50.0021.9%7.5%15.6%29.6%22.3%2.9%-0.3%-4.0M971.6M-25.9M3.688.73N/AN/A6,14422,6181,112,0201,821,217
2014-07-11$48.80$50.0020.8%7.5%15.5%23.0%25.3%2.7%0.1%2.7M839.8M-25.8M0.478.85N/AN/A64,98530,7861,113,3961,821,103
2014-07-14$49.80$50.0021.1%7.5%17.0%25.2%25.0%3.0%0.7%24.7M308.8M-26.3M0.737.73N/AN/A69,14550,1391,144,5381,818,698
2014-07-15$49.72$50.0020.9%7.5%16.9%24.0%25.7%3.1%1.5%20.9M390.9M-26.7M1.126.39N/AN/A19,46621,7351,188,1781,849,515
2014-07-16$49.51$50.0020.5%7.5%16.7%21.7%24.2%3.1%1.5%20.3M471.1M-26.5M0.727.46N/AN/A37,24626,7801,190,3001,852,336
2014-07-17$48.67$50.0022.0%7.6%15.9%30.1%24.5%3.3%0.9%-5.7M950.6M-27.0M0.3710.05N/AN/A71,89626,2481,215,0721,871,806
2014-07-18$50.30$50.0021.4%7.6%19.6%26.6%26.6%3.2%0.5%70.4M-208.0M-27.2M0.7412.24N/AN/A78,25957,6791,265,4711,884,635
2014-07-21$51.08$0.0022.6%8.0%20.3%33.1%28.8%2.8%0.5%9.6M-106.6M-27.9M1.023.80N/AN/A43,97844,6421,179,0661,759,523
2014-07-22$51.68$51.0022.8%7.9%20.6%34.1%29.3%2.6%0.4%14.0M-392.9M-27.8M1.133.89N/AN/A38,23843,2771,201,0601,790,749
2014-07-23$50.98$51.0022.6%8.0%21.2%33.2%27.9%2.9%0.5%10.4M-71.4M-28.0M1.335.21N/AN/A52,01369,2811,221,7581,813,510
2014-07-24$51.47$51.0022.2%8.0%19.4%31.0%26.5%2.8%0.2%16.7M-324.2M-28.1M1.485.00N/AN/A11,22916,5781,247,6461,843,309
2014-07-25$51.06$51.0022.1%8.0%19.8%30.4%26.7%2.7%0.4%6.5M-103.4M-28.2M2.105.10N/AN/A9,06719,0371,251,3471,861,804
2014-07-28$51.12$51.5023.1%8.0%19.6%36.1%28.1%3.1%-0.3%1.5M-78.0M-27.8M1.275.24N/AN/A18,74723,7691,226,8541,856,292
2014-07-29$50.52$51.5023.6%8.1%20.0%38.7%34.0%3.0%-0.1%-11.1M210.8M-27.8M1.814.51N/AN/A10,15218,3411,241,2101,873,722
2014-07-30$49.92$51.5023.9%8.2%20.7%40.6%28.3%2.7%0.0%-25.8M552.2M-27.8M1.544.45N/AN/A41,71564,0851,247,4631,889,063
2014-07-31$48.50$51.5025.7%8.4%23.0%50.5%30.9%3.3%0.1%-45.4M1.33B-27.5M1.565.50N/AN/A29,62146,0651,274,3841,906,082