EWZ Options History — April 2015

In April 2015, EWZ traded between $32.24 and $37.15. ATM implied volatility averaged 32.1%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 0.3% (HV 20d: 32.4%). Max pain ranged from $32.00 to $34.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.03.

Notable Days

  • 2015-04-02: Highest Volume — 258,795 contracts
  • 2015-04-22: Largest IV drop — 4.2% change
  • 2015-04-01: Highest IV Rank — 28.7%
  • 2015-04-01: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.89$32.24$37.15$32.24$36.17
Max Pain$32.62$32.00$34.00$33.00$34.00
ATM IV32.1%29.5%34.7%34.7%31.0%
Expected Move9.2%8.5%10.4%10.4%9.0%
HV 20d32.4%24.9%40.8%39.7%25.2%
HV 60d33.9%32.2%34.9%34.6%32.2%
IV Rank24.6%20.5%28.7%28.7%22.9%
IV Percentile54.7%38.1%77.0%77.0%42.9%
Term Structure-0.1%-0.8%0.6%-0.3%-0.1%
VWIV32.3%28.1%35.9%35.9%32.5%
Skew 25d4.6%2.9%6.4%3.9%4.9%
Skew 10d9.4%7.1%13.3%7.9%9.1%
Call IV 25d30.2%27.2%32.5%32.5%28.7%
Put IV 25d34.8%32.1%37.5%36.4%33.6%
Bid-Ask Spread %6.674.479.545.715.16
Gamma HHI0.070.050.120.070.05
Net GEX-8.7M-18.5M7.1M-18.5M-10.0M
Net DEX1.56B1.09B2.00B2.00B1.52B
Net VEX-14.9M-16.5M-12.8M-12.8M-15.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.631.570.801.52
Total Volume182,321.66743,268258,795245,502211,857
Total OI2,462,602.1432,322,2072,594,8892,322,2072,532,265

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$32.24$33.0034.7%10.4%39.7%28.7%35.9%3.9%-0.3%-18.5M2.00B-12.8M0.805.71N/AN/A136,413109,089966,7121,355,495
2015-04-02$33.19$32.0034.4%9.7%40.8%28.3%32.0%5.2%-0.4%-14.7M1.76B-13.9M1.038.88N/AN/A127,281131,514997,1881,394,245
2015-04-06$33.72$32.0034.3%9.8%39.8%28.1%32.4%4.3%-0.1%-11.0M1.66B-14.1M0.718.94N/AN/A132,62494,1671,001,2051,376,952
2015-04-07$33.53$32.0033.5%9.6%37.0%26.9%31.7%4.4%0.3%-13.4M1.76B-14.1M0.679.54N/AN/A122,13382,0121,026,8151,398,904
2015-04-08$34.27$32.0032.2%9.3%37.1%24.8%33.6%4.6%0.2%-7.7M1.54B-14.5M0.818.57N/AN/A23,89619,3721,028,9311,403,606
2015-04-09$34.12$32.0033.0%9.5%37.3%26.1%32.8%4.7%0.0%-9.9M1.60B-14.5M0.859.34N/AN/A109,90293,2161,036,4661,414,498
2015-04-10$34.45$32.0032.1%9.3%37.0%24.7%31.2%6.4%0.2%-10.0M1.60B-14.4M0.868.25N/AN/A99,89485,4551,044,2191,435,410
2015-04-13$33.83$32.0033.2%9.5%34.9%26.4%33.2%4.2%0.2%-12.2M1.73B-14.1M0.787.05N/AN/A104,13080,7751,045,6801,427,969
2015-04-14$34.38$32.0032.6%9.3%35.0%25.4%33.8%4.7%0.2%-7.7M1.62B-14.4M0.667.07N/AN/A127,34183,4811,058,5271,447,930
2015-04-15$35.24$32.0032.6%9.4%34.5%25.5%33.0%5.3%-0.2%3.2M1.36B-15.0M0.806.06N/AN/A98,35179,0481,079,0741,453,717
2015-04-16$35.26$32.5031.4%9.0%33.6%23.6%32.5%4.5%-0.1%7.1M1.31B-15.0M0.966.78N/AN/A95,86691,7821,088,2191,462,966
2015-04-17$34.56$32.5032.5%9.3%31.3%25.3%33.8%4.5%0.6%-11.4M1.53B-14.8M1.446.26N/AN/A78,850113,7591,117,1041,477,785
2015-04-20$34.51$33.0032.7%9.4%28.4%25.6%33.3%5.1%-0.8%-14.3M1.80B-14.6M1.474.93N/AN/A68,056100,328999,8531,374,653
2015-04-21$34.47$33.0032.5%9.3%27.8%25.3%34.1%2.9%-0.5%-17.3M1.83B-14.7M1.325.71N/AN/A79,945105,569992,3531,392,805
2015-04-22$35.39$33.0031.1%8.9%28.9%23.1%30.0%4.4%-0.7%-14.6M1.65B-15.2M1.025.97N/AN/A108,633110,628999,3451,406,796
2015-04-23$36.21$33.0030.1%8.5%28.5%21.5%30.2%4.5%-0.3%3.7M1.44B-15.8M1.524.47N/AN/A59,42590,1941,031,2521,431,184
2015-04-24$37.15$33.0029.6%8.5%27.3%20.6%28.1%5.6%-0.4%-7.8M1.09B-16.5M0.635.24N/AN/A127,12680,2181,048,8941,443,318
2015-04-27$36.83$33.0029.9%8.7%25.5%21.1%31.4%3.8%-0.1%-3.6M1.23B-16.3M1.575.14N/AN/A50,14878,6641,070,7281,424,050
2015-04-28$36.83$33.0029.5%8.7%24.9%20.5%30.8%3.6%0.2%-5.2M1.26B-16.2M1.015.40N/AN/A64,02764,8741,070,6741,430,289
2015-04-29$36.43$34.0030.5%8.9%25.9%22.1%31.8%4.5%-0.1%-7.4M1.42B-16.0M1.245.57N/AN/A48,54560,1671,082,7731,443,796
2015-04-30$36.17$34.0031.0%9.0%25.2%22.9%32.5%4.9%-0.1%-10.0M1.52B-15.8M1.525.16N/AN/A83,987127,8701,085,3911,446,874