EWZ Options History — May 2015

In May 2015, EWZ traded between $32.35 and $37.19. ATM implied volatility averaged 29.6%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 6.0% (HV 20d: 23.6%). Max pain ranged from $34.50 to $40.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.48.

Notable Days

  • 2015-05-26: Highest Volume — 248,756 contracts
  • 2015-05-26: Largest IV spike — 13.4% change
  • 2015-05-26: Highest IV Rank — 24.9%
  • 2015-05-06: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.52$32.35$37.19$36.19$32.35
Max Pain$39.73$34.50$40.00$34.50$40.00
ATM IV29.6%27.2%32.8%29.8%32.6%
Expected Move8.4%7.9%8.9%8.6%8.4%
HV 20d23.6%21.9%25.7%23.7%25.7%
HV 60d31.0%30.1%32.1%32.1%31.3%
IV Rank20.1%16.9%24.9%21.1%20.9%
IV Percentile38.7%30.6%60.3%37.7%57.1%
Term Structure0.4%-1.7%2.6%0.2%-1.7%
VWIV30.1%27.0%34.7%30.5%29.8%
Skew 25d3.7%1.0%4.6%4.6%1.0%
Skew 10d7.0%1.9%9.9%7.2%1.9%
Call IV 25d27.9%25.8%31.9%27.9%31.9%
Put IV 25d31.6%28.6%33.6%32.5%32.9%
Bid-Ask Spread %5.053.886.885.593.92
Gamma HHI0.080.060.110.060.09
Net GEX-27.9M-56.8M-7.0M-15.4M-49.0M
Net DEX1.94B1.25B3.23B1.55B3.23B
Net VEX-14.8M-16.0M-12.5M-16.0M-12.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.602.541.741.22
Total Volume136,671.617,890248,756129,378197,932
Total OI2,632,579.72,499,8992,843,8202,583,0452,843,820

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-05-01$36.19$34.5029.8%8.6%23.7%21.1%30.5%4.6%0.2%-15.4M1.55B-16.0M1.745.59N/AN/A47,14682,2321,091,6141,491,431
2015-05-04$36.13$40.0029.7%8.8%23.4%20.8%31.1%4.5%0.5%-18.0M1.61B-15.8M2.326.02N/AN/A5,38612,5041,073,9401,483,189
2015-05-05$36.62$40.0030.1%8.6%23.4%21.5%32.7%4.6%0.2%-14.7M1.45B-15.8M1.855.77N/AN/A46,20485,6721,074,9171,493,425
2015-05-06$36.27$40.0030.4%8.9%22.9%22.0%34.7%4.5%0.0%-20.6M1.54B-15.8M2.114.91N/AN/A47,950101,2991,075,5781,509,999
2015-05-07$36.44$40.0030.3%8.9%22.7%21.7%33.5%4.2%-0.2%-18.1M1.50B-15.6M1.655.03N/AN/A45,97375,8031,083,7671,506,966
2015-05-08$37.19$40.0028.3%8.2%23.5%18.6%30.0%4.3%0.1%-8.8M1.25B-15.9M2.544.97N/AN/A9,26023,5361,084,3901,504,930
2015-05-11$36.37$40.0029.4%8.6%24.0%20.4%29.2%4.2%0.5%-18.1M1.51B-15.3M0.604.03N/AN/A55,93933,5591,076,7611,494,712
2015-05-12$36.50$40.0029.2%8.5%23.5%20.0%29.5%3.8%0.7%-15.7M1.50B-15.4M1.184.64N/AN/A59,89770,6451,121,5821,517,902
2015-05-13$36.09$40.0029.0%8.3%22.6%19.7%29.2%4.3%-0.5%-21.9M1.65B-15.1M0.995.38N/AN/A93,41092,0721,126,9851,528,130
2015-05-14$36.78$40.0027.8%8.0%23.5%17.8%34.2%3.9%0.2%-11.4M1.39B-15.7M1.324.66N/AN/A64,60585,5831,154,3051,542,198
2015-05-15$37.09$40.0027.2%7.9%22.0%16.9%27.8%3.9%0.6%-7.0M1.29B-15.8M1.284.65N/AN/A62,85380,5131,156,7361,560,043
2015-05-18$36.13$40.0028.3%8.1%24.4%18.6%29.1%3.9%2.0%-26.3M1.82B-14.9M1.956.88N/AN/A15,81230,8071,025,5831,474,316
2015-05-19$35.54$40.0028.4%8.1%25.3%18.8%27.9%3.3%2.2%-36.4M2.04B-14.5M1.505.70N/AN/A32,48848,7781,028,4881,490,572
2015-05-20$35.62$40.0028.3%8.1%23.5%18.6%28.5%2.5%2.4%-38.7M2.04B-14.8M0.725.63N/AN/A89,01864,2171,042,3371,528,424
2015-05-21$35.23$40.0027.9%7.9%22.2%18.0%27.0%2.3%2.3%-44.3M2.18B-14.5M1.085.66N/AN/A56,10760,3911,059,8761,536,042
2015-05-22$34.22$40.0028.5%7.9%21.9%18.9%27.5%2.2%2.6%-38.6M2.47B-13.8M1.434.90N/AN/A97,606139,3881,070,9731,538,556
2015-05-26$33.10$40.0032.3%8.7%24.2%24.9%30.3%3.4%-1.2%-46.6M2.79B-13.1M1.533.88N/AN/A98,228150,5281,088,8251,567,440
2015-05-27$33.44$40.0032.4%8.4%24.8%20.6%30.6%4.5%-1.3%-51.7M2.88B-13.2M1.514.75N/AN/A74,391112,2891,135,6351,634,415
2015-05-28$33.15$40.0032.8%8.5%24.7%21.2%29.3%3.6%-1.3%-56.8M3.03B-13.1M1.053.99N/AN/A89,30094,1111,155,8451,676,947
2015-05-29$32.35$40.0032.6%8.4%25.7%20.9%29.8%1.0%-1.7%-49.0M3.23B-12.5M1.223.92N/AN/A89,058108,8741,159,6191,684,201