EWZ Options History — January 2015

In January 2015, EWZ traded between $34.15 and $37.85. ATM implied volatility averaged 33.1%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 0.5% (HV 20d: 32.6%). Max pain ranged from $39.00 to $40.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.91.

Notable Days

  • 2015-01-30: Highest Volume — 226,881 contracts
  • 2015-01-30: Largest IV spike — 8.7% change
  • 2015-01-05: Highest IV Rank — 30.6%
  • 2015-01-30: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.99$34.15$37.85$35.37$34.36
Max Pain$39.05$39.00$40.00$40.00$39.00
ATM IV33.1%30.6%35.8%33.2%35.3%
Expected Move9.4%8.8%10.3%9.6%10.3%
HV 20d32.6%28.9%37.6%31.4%37.6%
HV 60d40.2%35.4%44.3%43.4%36.2%
IV Rank26.3%22.2%30.6%26.4%29.8%
IV Percentile77.5%63.5%88.5%81.7%86.9%
Term Structure-0.3%-1.8%0.7%-0.4%0.0%
VWIV33.1%29.7%35.8%33.8%34.9%
Skew 25d5.2%3.6%6.8%5.4%6.2%
Skew 10d10.5%6.7%14.0%9.1%11.0%
Call IV 25d30.9%28.2%33.7%31.1%32.9%
Put IV 25d36.1%33.5%39.1%36.5%39.1%
Bid-Ask Spread %7.765.7910.865.997.01
Gamma HHI0.120.080.250.120.14
Net GEX-39.0M-61.1M-16.4M-47.8M-41.2M
Net DEX3.25B1.23B4.71B4.63B2.23B
Net VEX-10.7M-12.1M-8.9M-9.7M-10.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.910.914.561.191.21
Total Volume103,661.214,935226,881101,841226,881
Total OI2,755,759.051,574,6873,761,7993,470,2091,844,451

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-01-02$35.37$40.0033.2%9.6%31.4%26.4%33.8%5.4%-0.4%-47.8M4.63B-9.7M1.195.99N/AN/A46,46455,3771,611,1541,859,055
2015-01-05$34.15$39.0035.8%10.0%32.7%30.6%34.5%4.5%-0.6%-43.7M4.71B-8.9M0.949.58N/AN/A17,84116,7191,616,8551,855,358
2015-01-06$34.76$39.0034.5%9.8%33.6%28.4%35.1%4.5%0.3%-41.3M4.33B-9.2M2.008.82N/AN/A27,01453,9021,630,8541,764,334
2015-01-07$35.70$39.0034.2%9.5%33.6%28.0%33.1%3.6%-0.7%-42.2M4.50B-10.2M1.917.13N/AN/A14,03726,8801,652,7241,885,959
2015-01-08$36.33$39.0032.8%9.4%34.4%25.7%30.8%3.7%-0.0%-41.0M4.43B-10.6M1.468.03N/AN/A54,86280,1651,659,7221,904,293
2015-01-09$36.22$39.0032.9%9.4%33.8%25.9%33.2%5.5%0.3%-42.3M4.49B-10.7M2.466.76N/AN/A29,53972,6581,686,5631,927,671
2015-01-12$35.38$39.0034.4%9.9%34.4%28.2%34.1%6.4%0.0%-45.7M4.67B-10.0M2.617.14N/AN/A36,31494,8071,685,1641,930,127
2015-01-13$35.61$39.0033.7%9.3%33.1%27.1%33.0%5.3%-0.8%-46.6M4.64B-10.4M2.308.05N/AN/A47,884110,3171,694,6451,951,602
2015-01-14$36.06$39.0034.1%9.5%30.3%27.8%32.6%5.9%-1.0%-45.6M4.59B-10.8M1.176.66N/AN/A91,031106,0731,714,0841,975,440
2015-01-15$35.55$39.0034.4%9.4%29.9%28.3%33.6%4.2%-1.8%-46.6M4.66B-10.5M1.056.54N/AN/A63,08266,2941,750,3271,987,085
2015-01-16$36.72$39.0032.3%8.9%28.9%24.9%30.5%4.8%-1.8%-39.9M4.46B-11.2M0.919.90N/AN/A9,1478,3141,771,0541,990,745
2015-01-20$36.11$39.0033.4%9.5%29.3%26.7%35.8%6.2%-0.8%-24.8M1.59B-10.5M1.708.84N/AN/A23,32339,596618,376956,311
2015-01-21$37.31$39.0031.5%9.0%31.2%23.7%29.7%6.8%-0.2%-21.2M1.36B-11.4M1.5810.86N/AN/A23,08836,432631,053980,740
2015-01-22$37.85$39.0030.6%8.8%31.1%22.2%33.2%5.3%0.0%-16.4M1.23B-11.9M2.707.85N/AN/A36,71199,189657,2951,005,952
2015-01-23$36.85$39.0030.8%8.8%32.7%22.5%33.7%5.2%0.7%-61.1M1.55B-11.6M4.567.70N/AN/A20,78694,772661,1301,072,534
2015-01-26$36.53$39.0031.5%9.1%32.9%23.7%31.5%5.2%0.0%-30.8M1.64B-11.5M2.355.79N/AN/A24,02556,363660,5951,080,453
2015-01-27$36.97$39.0031.1%9.0%33.1%23.1%34.1%5.3%0.1%-29.5M1.62B-12.1M3.346.89N/AN/A3,44111,494680,2291,125,201
2015-01-28$36.03$39.0033.5%9.5%34.4%26.8%31.8%5.0%-0.3%-35.6M1.82B-11.4M1.567.84N/AN/A53,75383,683678,4221,122,432
2015-01-29$35.94$39.0032.5%9.2%34.3%25.3%32.0%5.9%0.2%-37.4M1.88B-11.3M1.297.76N/AN/A48,55662,410697,1091,138,083
2015-01-30$34.36$39.0035.3%10.3%37.6%29.8%34.9%6.2%0.0%-41.2M2.23B-10.3M1.217.01N/AN/A102,616124,265698,4491,146,002