EWZ Options History — August 2014

In August 2014, EWZ traded between $47.99 and $53.70. ATM implied volatility averaged 24.4%, placing in the 43.1% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 2.0% (HV 20d: 22.3%). Max pain ranged from $50.50 to $52.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 1.43.

Notable Days

  • 2014-08-27: Highest Volume — 214,003 contracts
  • 2014-08-18: Largest IV drop — 10.6% change
  • 2014-08-07: Highest IV Rank — 57.1%
  • 2014-08-05: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.06$47.99$53.70$48.75$53.70
Max Pain$51.10$50.50$52.00$51.00$52.00
ATM IV24.4%22.0%26.9%25.8%23.1%
Expected Move8.0%7.3%8.5%8.4%7.3%
HV 20d22.3%19.9%24.0%22.8%20.5%
HV 60d21.0%20.7%21.5%20.7%21.5%
IV Rank43.1%30.2%57.1%50.9%35.8%
IV Percentile45.1%16.3%74.6%62.3%33.3%
Term Structure0.4%-0.4%1.6%-0.3%0.4%
VWIV29.3%24.0%32.1%30.3%24.0%
Skew 25d2.9%2.4%3.6%3.2%2.5%
Skew 10d5.7%4.0%7.2%7.2%6.0%
Call IV 25d23.3%20.8%26.1%24.6%21.9%
Put IV 25d26.2%23.3%28.8%27.8%24.4%
Bid-Ask Spread %5.944.287.945.197.72
Gamma HHI0.060.050.180.060.06
Net GEX-5.6M-116.1M80.2M-33.4M57.2M
Net DEX405.4M-1.73B1.68B1.21B-1.73B
Net VEX-26.7M-27.8M-25.8M-27.8M-26.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.430.472.672.070.85
Total Volume97,690.33325,637214,00329,706126,986
Total OI3,372,268.6673,174,8013,660,2163,210,2823,660,216

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-08-01$48.75$51.0025.8%8.4%22.8%50.9%30.3%3.2%-0.3%-33.4M1.21B-27.8M2.075.19N/AN/A9,68120,0251,289,5981,920,684
2014-08-04$49.11$51.0025.6%8.3%22.9%50.0%30.6%3.6%0.4%-28.3M951.7M-27.4M0.944.95N/AN/A16,58115,5871,274,9011,899,900
2014-08-05$48.41$51.0026.6%8.5%23.5%55.3%32.0%3.3%0.2%-38.6M1.33B-27.3M1.335.26N/AN/A29,33938,9721,283,9441,908,757
2014-08-06$48.75$51.0026.4%8.4%23.0%54.1%31.9%3.3%0.3%-37.1M1.19B-27.2M2.264.28N/AN/A7,85417,7831,289,7301,919,158
2014-08-07$48.13$51.5026.9%8.4%23.5%57.1%32.1%3.2%0.3%-46.4M1.51B-26.9M1.435.10N/AN/A42,87961,1721,292,7951,924,962
2014-08-08$47.99$51.5025.6%8.4%23.4%50.1%31.6%3.1%0.8%-116.1M1.68B-26.7M2.124.77N/AN/A22,27847,1401,306,6111,951,770
2014-08-11$49.02$51.0025.3%8.3%23.5%48.2%28.5%3.1%0.1%-36.2M1.05B-26.7M1.284.44N/AN/A30,02738,4921,292,8661,950,774
2014-08-12$48.83$51.0025.5%8.4%23.6%49.2%29.2%3.1%0.3%-34.3M1.13B-26.7M0.884.36N/AN/A31,85427,9631,313,9101,965,299
2014-08-13$48.12$51.0026.8%8.4%24.0%56.6%29.6%2.5%0.0%-43.5M1.54B-26.2M1.716.11N/AN/A62,929107,4481,322,5621,971,366
2014-08-14$48.41$51.5025.9%8.3%23.4%51.8%29.1%2.8%-0.4%-52.0M1.51B-26.7M1.507.76N/AN/A71,503107,2151,345,6792,026,575
2014-08-15$49.42$51.5026.1%8.3%21.4%52.8%28.9%3.4%-0.4%-11.9M726.3M-27.5M0.946.97N/AN/A60,50356,9481,398,5782,083,549
2014-08-18$50.10$50.5023.3%8.0%21.3%37.4%27.4%2.6%1.6%7.8M319.3M-26.9M2.675.28N/AN/A24,13064,4111,349,4112,003,034
2014-08-19$50.98$50.5022.1%7.8%21.8%30.8%27.7%2.5%1.3%26.8M-194.9M-26.4M2.276.23N/AN/A37,95686,0121,357,5302,003,644
2014-08-20$51.04$51.0022.0%7.8%21.3%30.2%29.8%2.5%1.1%22.1M-202.1M-26.6M1.565.49N/AN/A31,94349,6961,368,6262,045,873
2014-08-21$51.04$51.0022.2%7.7%21.0%31.0%29.7%2.7%1.0%27.2M-248.6M-26.8M0.476.60N/AN/A43,45420,5971,392,1432,068,914
2014-08-22$50.41$51.0022.1%7.6%21.3%30.7%31.3%2.5%0.7%16.6M210.4M-26.3M2.576.18N/AN/A21,95156,4001,395,0202,077,305
2014-08-25$51.13$51.0022.8%7.5%21.9%34.4%28.4%2.6%0.6%17.6M-107.3M-25.9M0.686.30N/AN/A55,05937,4601,378,1252,060,513
2014-08-26$51.98$51.0022.5%7.4%22.2%32.6%29.9%2.6%0.3%35.0M-627.8M-25.8M0.676.90N/AN/A103,74969,7641,398,5002,075,612
2014-08-27$53.18$51.0022.1%7.3%22.8%30.5%27.4%2.4%0.5%80.2M-1.51B-26.0M0.676.87N/AN/A128,21485,7891,471,7212,126,364
2014-08-28$52.76$51.0023.1%7.3%19.9%35.9%25.9%2.7%0.5%70.5M-1.22B-26.4M1.107.94N/AN/A39,80943,9441,497,0602,154,063
2014-08-29$53.70$52.0023.1%7.3%20.5%35.8%24.0%2.5%0.4%57.2M-1.73B-26.1M0.857.72N/AN/A68,48158,5051,478,0762,182,140