EWZ Options History — February 2015

In February 2015, EWZ traded between $33.22 and $35.70. ATM implied volatility averaged 33.7%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 1.1% (HV 20d: 34.9%). Max pain ranged from $37.00 to $38.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.38.

Notable Days

  • 2015-02-13: Highest Volume — 173,060 contracts
  • 2015-02-12: Largest IV drop — 6.2% change
  • 2015-02-11: Highest IV Rank — 33.9%
  • 2015-02-11: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.93$33.22$35.70$34.71$35.37
Max Pain$37.89$37.00$38.00$38.00$38.00
ATM IV33.7%30.1%37.9%35.5%30.1%
Expected Move9.9%8.8%11.0%10.6%8.8%
HV 20d34.9%32.4%38.5%36.1%32.9%
HV 60d35.5%32.1%37.6%36.2%32.1%
IV Rank27.2%21.4%33.9%30.1%21.4%
IV Percentile75.8%52.0%89.7%88.1%52.0%
Term Structure-0.1%-2.1%1.4%-0.4%-0.0%
VWIV34.8%31.3%39.4%36.4%31.3%
Skew 25d6.5%4.5%7.9%7.9%5.7%
Skew 10d13.6%9.8%16.3%14.4%9.8%
Call IV 25d30.9%28.4%34.0%31.7%28.4%
Put IV 25d37.3%34.0%41.1%39.5%34.1%
Bid-Ask Spread %5.803.868.846.915.35
Gamma HHI0.110.080.150.130.09
Net GEX-33.7M-39.8M-26.5M-39.8M-35.0M
Net DEX2.04B1.79B2.44B2.13B1.89B
Net VEX-11.7M-12.7M-10.2M-10.9M-12.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.380.353.220.351.36
Total Volume121,322.63251,791173,06056,884125,184
Total OI2,057,449.4211,898,6662,268,1311,898,6662,062,941

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-02-02$34.71$38.0035.5%10.6%36.1%30.1%36.4%7.9%-0.4%-39.8M2.13B-10.9M0.356.91N/AN/A42,00614,878734,3421,164,324
2015-02-03$35.62$37.0033.5%9.6%34.9%26.9%35.4%6.1%-0.0%-30.5M1.85B-11.6M0.746.24N/AN/A62,77646,501769,6561,163,705
2015-02-04$35.28$37.0033.8%9.8%34.7%27.3%36.8%5.9%-0.0%-30.5M1.90B-11.3M0.676.70N/AN/A74,84749,846785,4571,161,437
2015-02-05$35.49$38.0033.5%9.9%33.4%26.9%32.7%7.3%-0.3%-29.6M1.88B-11.5M0.635.80N/AN/A66,16241,697803,8821,175,783
2015-02-06$34.45$38.0034.5%10.4%34.2%28.5%35.9%7.1%0.1%-36.3M2.12B-10.7M1.027.00N/AN/A63,88064,989809,0061,171,583
2015-02-09$34.93$38.0034.2%10.2%34.7%28.0%34.8%7.2%1.1%-31.6M2.01B-11.1M0.848.84N/AN/A56,56647,598821,4241,193,105
2015-02-10$33.83$38.0035.7%10.5%35.6%30.4%35.9%7.4%0.9%-36.0M2.26B-10.6M1.646.98N/AN/A49,18680,656838,9241,201,035
2015-02-11$33.22$38.0037.9%11.0%35.8%33.9%39.4%7.1%0.2%-38.3M2.44B-10.2M3.223.86N/AN/A36,818118,701851,7841,232,620
2015-02-12$34.48$38.0035.5%10.5%38.3%30.1%38.6%7.3%1.4%-39.3M2.20B-11.2M1.445.33N/AN/A45,63065,600854,1931,287,967
2015-02-13$35.01$38.0034.1%9.9%38.5%27.8%35.4%6.6%1.0%-30.0M2.05B-11.8M1.895.75N/AN/A59,780113,280866,2641,307,801
2015-02-17$35.33$38.0035.0%10.1%36.7%29.3%32.8%7.3%-1.7%-32.7M2.03B-12.5M1.714.92N/AN/A46,80179,882863,8281,347,157
2015-02-18$35.36$38.0035.6%10.2%36.3%30.3%33.4%6.3%-2.1%-30.7M1.97B-12.5M2.135.53N/AN/A49,343105,343872,0861,345,132
2015-02-19$34.98$38.0033.8%9.7%34.1%27.4%36.8%6.1%-0.9%-36.8M2.09B-12.3M0.825.13N/AN/A28,38723,404890,9711,359,093
2015-02-20$34.86$38.0031.8%9.2%33.5%24.2%32.0%5.8%-0.7%-37.9M2.14B-12.3M0.814.73N/AN/A44,49235,906907,9691,360,162
2015-02-23$34.82$38.0031.7%9.2%32.4%24.0%35.8%5.6%-0.3%-34.9M1.98B-12.3M1.806.44N/AN/A53,14095,487733,6781,211,938
2015-02-24$35.70$38.0031.4%9.2%33.8%23.5%31.9%6.1%-0.2%-26.5M1.79B-12.5M2.184.41N/AN/A39,05685,217738,0951,211,104
2015-02-25$35.21$38.0031.7%9.2%33.7%23.9%32.7%5.9%-0.1%-30.9M1.95B-12.3M0.894.95N/AN/A69,23461,325754,7581,223,493
2015-02-26$34.95$38.0031.1%9.1%32.6%23.0%33.7%4.5%0.5%-32.7M2.00B-12.3M1.995.29N/AN/A53,956107,576777,1441,237,698
2015-02-27$35.37$38.0030.1%8.8%32.9%21.4%31.3%5.7%-0.0%-35.0M1.89B-12.7M1.365.35N/AN/A52,99072,194790,5331,272,408