EWZ Options History — June 2015

In June 2015, EWZ traded between $32.49 and $34.52. ATM implied volatility averaged 29.0%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 2.6% (HV 20d: 26.4%). Max pain ranged from $37.00 to $40.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.04.

Notable Days

  • 2015-06-12: Highest Volume — 208,587 contracts
  • 2015-06-25: Largest IV spike — 14.0% change
  • 2015-06-01: Highest IV Rank — 20.5%
  • 2015-06-15: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.35$32.49$34.52$32.49$32.70
Max Pain$38.23$37.00$40.00$40.00$38.00
ATM IV29.0%24.6%32.3%32.3%28.6%
Expected Move8.2%7.1%8.7%8.6%8.6%
HV 20d26.4%22.8%29.3%25.8%22.8%
HV 60d28.0%25.3%31.4%31.2%25.3%
IV Rank14.8%7.0%20.5%20.5%13.7%
IV Percentile30.4%15.1%52.0%52.0%25.4%
Term Structure-0.3%-1.4%1.1%-1.2%-0.1%
VWIV29.2%24.8%36.1%29.9%31.0%
Skew 25d3.9%1.6%5.7%4.1%4.1%
Skew 10d6.6%1.7%9.5%6.4%8.2%
Call IV 25d27.2%24.6%29.6%29.2%26.5%
Put IV 25d31.1%26.2%33.2%33.2%30.6%
Bid-Ask Spread %5.023.306.524.274.68
Gamma HHI0.100.070.170.090.08
Net GEX-45.1M-56.6M-27.6M-49.8M-30.6M
Net DEX2.70B2.01B3.12B3.12B2.31B
Net VEX-12.3M-13.1M-11.3M-12.4M-11.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.721.441.001.44
Total Volume147,463.54531,131208,587183,875128,640
Total OI2,675,544.0452,130,6072,975,9902,831,7402,239,524

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-06-01$32.49$40.0032.3%8.6%25.8%20.5%29.9%4.1%-1.2%-49.8M3.12B-12.4M1.004.27N/AN/A91,80892,0671,163,0461,668,694
2015-06-02$33.59$40.0031.5%8.5%29.3%19.1%29.5%4.4%-1.2%-47.6M2.82B-13.1M1.224.25N/AN/A14,01217,1191,168,7441,674,405
2015-06-03$33.22$40.0030.8%8.3%28.6%17.8%28.9%2.9%-1.2%-48.6M2.91B-12.9M1.234.44N/AN/A57,16370,1731,176,0741,680,467
2015-06-04$32.80$38.0031.2%8.6%28.7%18.5%30.2%3.0%-1.0%-49.8M3.07B-12.5M1.055.74N/AN/A61,70364,5621,176,9021,681,426
2015-06-05$32.75$38.0031.3%8.6%28.5%18.7%31.2%3.9%-1.4%-52.9M3.12B-12.2M1.114.87N/AN/A72,03179,9521,177,1601,687,837
2015-06-08$33.15$38.0030.5%8.6%27.7%17.4%36.1%4.1%-0.1%-54.0M2.99B-12.4M1.265.25N/AN/A61,25077,3621,172,0181,690,146
2015-06-09$33.13$38.0030.1%8.5%27.0%16.7%29.8%3.3%-0.5%-54.6M2.99B-12.5M0.965.43N/AN/A58,82556,6961,175,7161,698,004
2015-06-10$33.58$38.0029.3%8.2%27.7%15.3%28.9%2.9%-0.8%-55.5M2.84B-12.7M0.844.73N/AN/A78,81066,5231,175,3531,698,698
2015-06-11$33.63$38.0029.4%8.3%27.6%15.6%29.2%5.7%-0.9%-56.6M2.92B-12.5M0.866.47N/AN/A75,20564,6291,194,3251,716,452
2015-06-12$33.35$38.0029.4%8.5%26.3%15.6%31.4%4.4%1.1%-54.9M3.01B-12.2M0.746.52N/AN/A119,68288,9051,194,7951,719,979
2015-06-15$33.14$38.0030.4%8.7%25.8%17.2%30.1%5.0%-1.3%-54.9M3.03B-12.1M0.724.41N/AN/A113,89282,4981,215,1901,711,281
2015-06-16$33.80$38.0029.2%8.4%26.1%15.2%29.8%4.8%0.1%-51.4M2.80B-12.5M1.104.46N/AN/A91,491101,0951,220,3491,708,877
2015-06-17$33.91$37.0028.3%8.1%25.8%13.7%29.2%4.3%-0.4%-54.0M2.80B-12.5M0.865.46N/AN/A82,09370,2901,228,2611,719,236
2015-06-18$34.52$37.0027.1%7.7%26.7%11.6%28.2%3.7%0.4%-49.7M2.56B-12.7M0.854.64N/AN/A100,80886,1801,228,3441,718,024
2015-06-19$33.73$38.0027.2%7.8%27.6%11.9%26.9%4.5%1.1%-30.3M2.95B-12.3M0.826.27N/AN/A112,87792,7641,242,0011,733,989
2015-06-22$34.08$37.0027.3%7.7%26.0%12.0%25.9%3.6%-0.2%-27.6M2.01B-12.3M1.204.73N/AN/A60,14172,019850,2131,280,394
2015-06-23$34.09$37.0025.9%7.4%22.9%9.2%25.5%3.9%0.3%-28.3M2.06B-12.1M1.264.45N/AN/A62,14578,043864,2041,296,136
2015-06-24$33.90$39.0024.6%7.1%22.8%7.0%24.8%1.6%0.5%-32.7M2.12B-11.8M1.185.84N/AN/A70,80683,478881,1181,317,051
2015-06-25$32.65$40.0028.1%8.3%26.4%12.9%28.2%3.8%-0.0%-35.4M2.32B-11.5M1.143.30N/AN/A70,46079,983893,4491,337,692
2015-06-26$33.05$38.0027.7%8.0%25.2%12.2%27.6%4.2%-0.4%-42.5M2.27B-11.8M0.965.27N/AN/A60,77758,452904,2751,351,324
2015-06-29$32.54$38.0028.9%8.6%25.8%14.2%30.1%4.3%-0.2%-30.1M2.35B-11.3M1.154.92N/AN/A54,38862,401908,2941,322,502
2015-06-30$32.70$38.0028.6%8.6%22.8%13.7%31.0%4.1%-0.1%-30.6M2.31B-11.4M1.444.68N/AN/A52,74775,893910,6721,328,852