EWZ Options History — October 2014

In October 2014, EWZ traded between $39.32 and $47.81. ATM implied volatility averaged 59.0%, placing in the 76.4% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 9.2% (HV 20d: 49.9%). Max pain ranged from $43.00 to $47.00. Net GEX was positive for 5 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.83.

Notable Days

  • 2014-10-23: Highest Volume — 802,837 contracts
  • 2014-10-27: Largest IV drop — 52.8% change
  • 2014-10-06: Highest IV Rank — 100.0%
  • 2014-10-20: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.62$39.32$47.81$41.91$43.22
Max Pain$45.91$43.00$47.00$44.00$43.00
ATM IV59.0%29.3%79.5%53.5%32.0%
Expected Move10.2%7.4%12.8%9.1%7.6%
HV 20d49.9%36.0%60.4%36.0%59.8%
HV 60d35.9%29.3%43.2%29.4%43.2%
IV Rank76.4%20.2%100.0%99.5%24.5%
IV Percentile95.4%81.7%100.0%99.6%86.5%
Term Structure-4.0%-7.5%-0.2%-3.5%-0.4%
VWIV35.8%26.4%43.9%32.4%28.5%
Skew 25d0.2%-15.0%9.3%-2.5%0.9%
Skew 10d-0.1%-17.0%12.2%-6.1%4.2%
Call IV 25d56.2%29.9%69.9%54.4%32.3%
Put IV 25d56.4%29.1%74.2%52.0%33.2%
Bid-Ask Spread %23.6513.0743.5518.1018.60
Gamma HHI0.070.050.120.070.07
Net GEX-38.2M-141.5M22.1M-108.1M-27.5M
Net DEX2.99B243.7M6.28B4.79B3.33B
Net VEX-26.9M-32.7M-16.7M-22.4M-23.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.341.700.580.38
Total Volume333,652.435185,714802,837463,997294,274
Total OI5,161,055.874,309,5805,885,9684,309,5805,885,968

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$41.91$44.0053.5%9.1%36.0%99.5%32.4%-2.5%-3.5%-108.1M4.79B-22.4M0.5818.10N/AN/A292,937171,0601,880,6682,428,912
2014-10-02$42.28$44.0053.0%9.0%36.7%98.3%31.7%-3.7%-4.3%-88.5M4.48B-23.7M0.9716.95N/AN/A116,350112,5972,050,9892,469,847
2014-10-03$43.38$43.0052.5%8.7%38.8%97.0%32.6%-2.1%-4.3%-74.8M3.96B-25.2M0.6322.78N/AN/A118,59574,9402,136,3112,554,688
2014-10-06$46.03$43.0063.8%10.1%44.9%100.0%34.9%1.8%-4.6%-11.9M1.63B-29.6M0.8222.67N/AN/A142,992117,7492,182,5612,549,902
2014-10-07$46.72$47.0070.7%10.9%45.0%100.0%37.6%3.4%-6.2%5.1M886.2M-31.0M0.6115.25N/AN/A223,006136,1022,227,8822,592,439
2014-10-08$46.91$47.0075.8%11.7%45.0%100.0%39.4%7.3%-7.0%12.9M613.6M-32.7M1.0113.98N/AN/A154,338156,2102,342,7282,655,791
2014-10-09$46.85$47.0070.9%11.5%45.0%91.7%39.3%3.8%-4.3%14.1M699.2M-32.7M1.1519.64N/AN/A156,340179,0152,395,9752,712,343
2014-10-10$45.57$47.0069.5%11.2%43.4%89.4%38.0%3.0%-6.4%-14.8M1.87B-31.7M1.1825.00N/AN/A108,576128,3562,474,7172,793,840
2014-10-13$47.19$47.0071.2%11.4%45.1%92.2%38.4%4.6%-4.9%15.3M482.4M-31.9M1.2923.87N/AN/A96,692124,3792,433,8612,746,729
2014-10-14$47.81$47.0069.4%11.2%44.0%89.2%38.9%9.3%-4.4%22.1M243.7M-31.7M1.1024.70N/AN/A101,452111,3112,429,4512,757,462
2014-10-15$44.95$47.0070.3%11.7%48.7%90.8%39.7%7.0%-4.8%-37.5M2.46B-30.1M1.7023.19N/AN/A90,526153,9182,462,7142,795,147
2014-10-16$43.28$47.0073.1%12.2%50.0%95.5%42.4%1.7%-6.1%-68.4M3.61B-28.4M1.0324.45N/AN/A91,58594,1292,469,6602,806,999
2014-10-17$45.08$47.0073.9%12.0%52.6%96.8%43.9%5.1%-7.5%-23.3M2.34B-30.0M0.5322.48N/AN/A154,72581,3922,507,3932,832,572
2014-10-20$43.56$47.0079.5%12.8%53.1%100.0%43.1%4.9%-4.6%-14.1M2.29B-29.2M0.5324.74N/AN/A208,147110,5282,215,3002,385,260
2014-10-21$41.51$47.0074.3%12.3%55.5%91.8%42.2%-4.1%-2.9%-29.4M3.36B-26.6M0.6230.87N/AN/A201,901125,6602,287,2252,411,269
2014-10-22$41.36$47.0066.7%11.2%55.1%79.6%39.5%-9.6%-5.9%-36.5M3.55B-26.3M0.4735.83N/AN/A300,717140,9882,379,4542,483,964
2014-10-23$39.82$47.0055.0%9.9%55.6%61.0%34.7%-14.7%-3.8%-60.0M4.74B-23.2M0.3443.55N/AN/A597,839204,9982,547,8252,548,216
2014-10-24$41.61$47.0062.1%10.8%57.5%72.4%36.3%-15.0%-4.3%-14.0M3.20B-28.8M0.5836.46N/AN/A372,769215,4952,935,4362,663,633
2014-10-27$39.32$47.0029.3%7.4%56.9%20.2%27.4%-0.8%-0.6%-141.5M6.28B-16.7M0.5813.07N/AN/A308,466178,6213,081,0942,653,511
2014-10-28$41.23$45.0029.4%7.4%59.9%20.3%28.0%-0.7%-0.2%-89.3M4.92B-20.4M0.7724.53N/AN/A225,005172,9853,138,3752,667,132
2014-10-29$41.01$45.0030.6%7.5%58.6%22.2%26.4%2.3%-0.5%-86.4M5.20B-20.5M1.2520.68N/AN/A120,600150,8693,170,6462,693,592
2014-10-30$42.70$44.0031.6%7.6%60.4%23.8%27.5%1.8%-0.6%-21.0M3.79B-23.3M0.9322.48N/AN/A131,826123,0463,169,7602,695,044
2014-10-31$43.22$43.0032.0%7.6%59.8%24.5%28.5%0.9%-0.4%-27.5M3.33B-23.6M0.3818.60N/AN/A213,21681,0583,185,0722,700,896