EWZ Options History — March 2015

In March 2015, EWZ traded between $29.31 and $34.48. ATM implied volatility averaged 35.4%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 2.6% (HV 20d: 32.8%). Max pain ranged from $33.00 to $38.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.30.

Notable Days

  • 2015-03-30: Highest Volume — 267,052 contracts
  • 2015-03-13: Largest IV spike — 9.4% change
  • 2015-03-13: Highest IV Rank — 35.2%
  • 2015-03-13: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.41$29.31$34.48$34.48$31.35
Max Pain$34.00$33.00$38.00$38.00$33.00
ATM IV35.4%32.4%38.8%32.6%32.6%
Expected Move10.2%9.3%11.1%9.6%9.3%
HV 20d32.8%25.8%39.0%30.1%39.0%
HV 60d33.2%31.8%35.3%32.4%34.7%
IV Rank29.8%25.1%35.2%25.5%25.5%
IV Percentile80.4%61.5%90.5%68.7%61.5%
Term Structure-0.3%-1.5%0.8%-0.9%0.2%
VWIV35.8%32.0%40.3%33.9%33.2%
Skew 25d5.0%3.7%6.5%5.4%5.3%
Skew 10d9.5%5.9%12.9%8.9%10.9%
Call IV 25d33.3%30.1%36.9%30.1%30.8%
Put IV 25d38.3%34.5%42.2%35.5%36.1%
Bid-Ask Spread %6.183.678.595.754.75
Gamma HHI0.100.060.260.100.08
Net GEX-29.9M-49.0M3.7M-38.6M-19.3M
Net DEX2.48B1.89B3.05B2.09B2.19B
Net VEX-10.7M-12.4M-8.8M-11.9M-11.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.283.972.350.95
Total Volume114,970.22718,069267,052114,533262,356
Total OI2,238,406.7732,025,6322,536,7872,025,6322,276,234

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$34.48$38.0032.6%9.6%30.1%25.5%33.9%5.4%-0.9%-38.6M2.09B-11.9M2.355.75N/AN/A34,19580,338773,8041,251,828
2015-03-03$34.19$38.0032.4%9.7%30.0%25.1%34.0%4.0%-0.4%-43.4M2.17B-11.8M1.176.62N/AN/A62,39373,018776,3791,268,020
2015-03-04$33.28$38.0033.0%9.8%29.6%26.1%34.8%5.8%-0.7%-48.2M2.41B-11.1M0.943.67N/AN/A66,14562,392794,7631,278,933
2015-03-05$32.83$34.0032.5%9.3%29.8%25.3%32.0%6.5%-0.2%-48.3M2.46B-10.7M0.698.59N/AN/A43,42130,177819,2971,271,010
2015-03-06$31.94$34.0034.0%9.7%30.7%27.7%32.5%5.1%-0.9%-46.7M2.62B-9.9M0.815.62N/AN/A87,04070,094822,2581,272,698
2015-03-09$30.77$34.0035.9%10.3%31.6%30.6%36.3%3.7%0.4%-44.6M2.81B-9.1M1.465.20N/AN/A44,35264,934847,6841,305,504
2015-03-10$30.46$34.0037.9%10.8%30.8%33.9%36.2%3.8%-0.2%-46.0M2.83B-9.2M1.246.78N/AN/A48,59260,259878,5211,322,495
2015-03-11$30.61$34.0036.1%10.2%29.5%31.1%36.3%5.2%-0.9%-49.0M2.84B-9.5M1.906.16N/AN/A27,43052,003916,6321,353,732
2015-03-12$30.36$34.0035.4%10.4%29.2%29.9%35.4%3.7%0.8%-48.8M2.93B-9.6M1.405.95N/AN/A34,36048,098936,6631,377,506
2015-03-13$29.31$34.0038.8%11.1%26.6%35.2%39.1%5.8%-0.4%-27.5M3.05B-8.8M1.696.24N/AN/A51,10286,401963,2061,400,298
2015-03-16$29.52$33.0037.9%10.8%25.8%33.9%38.6%4.2%0.3%-28.1M2.88B-9.3M0.796.03N/AN/A53,81342,658968,8991,392,143
2015-03-17$30.46$33.0037.4%10.7%28.9%33.1%36.6%5.0%-0.4%-29.4M2.79B-10.1M0.696.50N/AN/A108,41675,195998,2081,405,264
2015-03-18$31.34$33.0036.7%10.5%31.5%31.9%35.9%5.4%-1.5%-28.6M2.70B-11.1M0.668.43N/AN/A24,80016,2621,065,1371,428,139
2015-03-19$30.22$33.0037.1%10.6%33.3%32.5%38.7%5.2%0.2%-23.1M2.87B-10.4M1.506.31N/AN/A22,44733,6521,078,4721,434,772
2015-03-20$31.54$33.0034.3%9.8%37.7%28.1%33.8%4.6%0.5%3.7M2.67B-11.4M0.286.23N/AN/A76,41221,0321,084,5501,452,237
2015-03-23$32.17$33.0034.9%10.1%38.7%29.1%34.8%5.8%-0.3%-14.6M1.91B-12.0M0.506.81N/AN/A55,10627,545890,1371,204,121
2015-03-24$32.15$33.0034.9%10.1%37.2%29.1%35.8%5.8%-0.2%-11.4M1.89B-12.4M1.845.62N/AN/A6,36811,701932,2001,227,534
2015-03-25$31.64$33.0037.0%10.9%37.3%32.4%40.3%4.0%-0.3%-12.7M1.93B-12.0M3.976.70N/AN/A10,54841,872934,0101,229,863
2015-03-26$30.98$33.0036.7%10.5%37.7%32.0%39.7%5.3%-0.4%-16.6M2.11B-11.5M0.936.54N/AN/A101,83894,519941,5951,250,046
2015-03-27$30.29$33.0035.1%10.1%37.5%29.4%35.5%4.5%-0.5%-18.6M2.27B-10.7M1.805.62N/AN/A17,49931,510948,0621,259,667
2015-03-30$31.11$33.0034.6%9.8%38.8%28.6%34.8%5.6%-0.3%-18.2M2.16B-11.3M0.965.84N/AN/A136,022131,030943,3711,269,057
2015-03-31$31.35$33.0032.6%9.3%39.0%25.5%33.2%5.3%0.2%-19.3M2.19B-11.8M0.954.75N/AN/A134,738127,618960,7241,315,510