EWZ Options History — November 2014

In November 2014, EWZ traded between $38.82 and $44.04. ATM implied volatility averaged 33.1%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 16.0% (HV 20d: 49.0%). Max pain ranged from $43.00 to $44.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2014-11-21: Highest Volume — 363,177 contracts
  • 2014-11-11: Largest IV drop — 6.7% change
  • 2014-11-20: Highest IV Rank — 29.9%
  • 2014-11-06: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.25$38.82$44.04$42.12$41.85
Max Pain$43.21$43.00$44.00$44.00$43.00
ATM IV33.1%30.2%35.4%32.8%32.5%
Expected Move8.2%7.9%8.6%7.9%8.3%
HV 20d49.0%40.2%57.2%56.1%40.2%
HV 60d44.4%43.2%46.9%43.5%46.9%
IV Rank26.2%21.6%29.9%25.8%25.3%
IV Percentile85.4%79.0%89.3%87.7%82.1%
Term Structure-1.0%-2.2%0.4%-1.0%-1.8%
VWIV29.2%28.0%31.0%30.3%29.1%
Skew 25d1.5%-0.3%3.2%1.4%2.8%
Skew 10d2.2%-1.6%5.9%3.6%2.9%
Call IV 25d32.2%29.6%34.2%32.1%31.1%
Put IV 25d33.7%30.9%36.1%33.5%33.8%
Bid-Ask Spread %14.4612.1522.1016.4922.10
Gamma HHI0.090.060.120.070.07
Net GEX-62.4M-115.1M18.6M-39.4M-36.3M
Net DEX4.43B2.36B6.06B4.04B3.62B
Net VEX-19.1M-22.2M-15.7M-21.9M-17.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.311.611.190.86
Total Volume168,699.73769,212363,177182,79169,212
Total OI5,172,024.7374,354,0455,528,3535,321,2714,433,130

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-11-03$42.12$44.0032.8%7.9%56.1%25.8%30.3%1.4%-1.0%-39.4M4.04B-21.9M1.1916.49N/AN/A83,38499,4072,788,2572,533,014
2014-11-04$42.49$44.0033.6%8.2%55.8%27.0%28.0%2.3%-0.9%-28.6M3.81B-22.2M0.6614.63N/AN/A113,87374,8662,795,9872,543,756
2014-11-05$42.11$44.0033.6%8.2%55.8%27.0%28.6%1.8%-0.5%-37.7M4.09B-21.8M0.7614.40N/AN/A94,40672,1462,837,6592,554,470
2014-11-06$40.39$44.0034.6%8.6%57.2%28.7%29.7%1.8%-0.8%-88.4M5.26B-19.6M0.5713.46N/AN/A127,05172,0722,835,4362,563,916
2014-11-07$40.98$43.0033.2%8.4%57.2%26.3%28.7%1.3%-0.9%-115.1M4.98B-20.0M0.4813.12N/AN/A132,58264,1472,864,3222,579,604
2014-11-10$40.54$43.0032.6%8.4%55.2%25.3%30.2%0.3%0.2%-83.1M5.02B-19.3M0.5113.56N/AN/A85,05143,4342,775,4322,515,820
2014-11-11$40.53$43.0030.4%8.0%54.7%21.9%28.5%1.3%0.4%-93.4M5.19B-18.2M0.4012.33N/AN/A111,65344,4952,760,0742,507,068
2014-11-12$40.51$43.0030.7%8.1%51.0%22.4%28.6%-0.1%0.1%-90.4M5.11B-18.4M0.6414.76N/AN/A117,52775,4532,837,5552,527,443
2014-11-13$39.66$43.0030.2%8.0%49.9%21.6%28.3%1.6%0.3%-110.8M5.73B-16.5M1.6113.69N/AN/A61,20398,7412,856,5742,547,214
2014-11-14$39.28$43.0031.9%8.3%47.0%24.3%29.2%0.5%0.0%-109.8M5.90B-16.6M0.7714.46N/AN/A72,81855,8842,859,8072,588,403
2014-11-17$38.82$43.0032.4%8.3%45.9%25.1%29.6%0.9%-1.5%-111.7M6.06B-15.7M0.6514.39N/AN/A83,73654,1452,770,1842,561,816
2014-11-18$39.79$43.0033.4%8.2%44.2%26.7%28.6%-0.3%-2.2%-100.0M5.52B-16.9M0.4912.36N/AN/A113,86056,0812,789,1572,562,254
2014-11-19$40.92$43.0034.4%8.3%45.5%28.3%28.6%0.9%-2.1%-66.5M4.71B-18.7M0.3112.40N/AN/A104,71932,7492,837,3112,574,663
2014-11-20$41.09$43.0035.4%8.4%43.3%29.9%30.4%1.6%-1.8%-49.2M4.58B-18.9M0.9012.15N/AN/A171,031153,3882,865,8652,577,809
2014-11-21$44.04$43.0035.1%8.2%47.3%29.4%31.0%3.2%-2.1%18.6M2.36B-21.3M0.5112.89N/AN/A239,751123,4262,891,7132,636,640
2014-11-24$42.64$43.0034.9%8.3%43.9%29.1%29.0%2.7%-1.3%-19.2M2.84B-19.7M0.3913.85N/AN/A57,04122,3522,160,3572,193,688
2014-11-25$42.69$43.0033.7%8.2%40.8%27.2%28.9%1.8%-1.2%-16.7M2.82B-19.5M0.5514.63N/AN/A79,53144,0282,163,5252,196,578
2014-11-26$43.25$43.0033.0%8.2%40.9%26.1%29.3%3.1%-1.1%-7.4M2.47B-19.9M0.5819.16N/AN/A63,27236,7802,172,1452,209,824
2014-11-28$41.85$43.0032.5%8.3%40.2%25.3%29.1%2.8%-1.8%-36.3M3.62B-17.9M0.8622.10N/AN/A37,19132,0212,192,7712,240,359