EWZ Options History — July 2015

In July 2015, EWZ traded between $28.03 and $32.91. ATM implied volatility averaged 30.9%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 2.8% (HV 20d: 28.2%). Max pain ranged from $32.00 to $38.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.30.

Notable Days

  • 2015-07-28: Highest Volume — 314,407 contracts
  • 2015-07-23: Largest IV spike — 10.5% change
  • 2015-07-27: Highest IV Rank — 28.0%
  • 2015-07-27: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.81$28.03$32.91$32.35$28.67
Max Pain$32.82$32.00$38.00$38.00$32.00
ATM IV30.9%26.7%38.1%27.7%34.1%
Expected Move8.9%7.8%11.0%8.3%9.6%
HV 20d28.2%22.8%31.8%22.8%30.9%
HV 60d26.3%24.9%27.8%25.4%27.8%
IV Rank16.7%10.5%28.0%12.2%21.0%
IV Percentile42.9%14.7%89.7%21.0%69.0%
Term Structure-0.1%-0.8%0.7%0.3%-0.4%
VWIV31.5%27.1%39.0%28.7%33.8%
Skew 25d4.3%2.4%6.2%3.3%4.5%
Skew 10d7.8%4.2%13.7%6.1%7.3%
Call IV 25d29.3%24.9%36.4%26.6%32.4%
Put IV 25d33.5%28.4%40.9%30.0%37.0%
Bid-Ask Spread %6.734.549.674.585.10
Gamma HHI0.080.070.110.080.07
Net GEX-35.5M-43.1M-29.1M-33.9M-33.6M
Net DEX2.60B2.32B2.94B2.38B2.93B
Net VEX-10.5M-11.6M-8.9M-11.2M-10.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.631.831.470.63
Total Volume179,496.636123,748314,407193,566173,335
Total OI2,414,818.4092,245,4132,624,4032,253,2372,624,403

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-07-01$32.35$38.0027.7%8.3%22.8%12.2%28.7%3.3%0.3%-33.9M2.38B-11.2M1.474.58N/AN/A78,341115,225912,9321,340,305
2015-07-02$32.91$37.0027.3%8.1%23.2%11.5%28.6%4.3%-0.2%-32.0M2.32B-11.6M1.134.54N/AN/A72,99682,457927,4541,371,963
2015-07-06$31.90$33.5029.1%8.4%25.8%14.6%29.1%3.9%-0.1%-33.0M2.50B-10.7M1.169.67N/AN/A76,34988,419930,9871,356,420
2015-07-07$31.70$33.5029.3%8.5%25.3%14.9%29.4%5.1%-0.1%-35.9M2.59B-10.3M1.209.21N/AN/A73,34087,788939,4081,379,912
2015-07-08$30.87$33.0031.6%8.9%26.7%18.8%32.5%3.3%-0.7%-39.1M2.70B-9.8M1.069.55N/AN/A104,538110,930943,6131,412,386
2015-07-09$31.14$33.0030.3%8.6%26.4%16.5%32.3%2.4%-0.6%-38.5M2.61B-10.7M1.229.10N/AN/A90,506110,543988,5191,448,785
2015-07-10$31.99$33.0028.8%8.4%28.5%14.0%29.5%4.8%-0.1%-38.2M2.49B-11.3M1.188.20N/AN/A71,02383,791998,2481,461,769
2015-07-13$32.57$33.0027.6%7.9%29.3%12.0%28.1%4.2%0.2%-30.6M2.40B-11.4M1.516.24N/AN/A55,33583,3721,006,1161,459,836
2015-07-14$32.72$32.0027.2%7.8%29.3%11.3%27.8%4.6%0.0%-29.1M2.36B-11.5M1.337.59N/AN/A53,15670,5921,009,1441,464,053
2015-07-15$32.49$32.0027.0%7.8%28.4%10.9%27.8%4.1%0.2%-32.0M2.44B-11.2M1.465.49N/AN/A59,88287,3101,010,5361,472,064
2015-07-16$32.32$32.0026.7%7.8%28.3%10.5%27.1%3.0%0.7%-33.0M2.47B-11.1M1.286.05N/AN/A56,72672,8231,016,6241,482,928
2015-07-17$31.56$32.0028.9%8.3%28.2%13.0%30.3%3.5%0.2%-34.4M2.62B-10.8M1.835.71N/AN/A57,857105,8011,023,1641,495,112
2015-07-20$31.16$32.0029.5%8.5%27.6%13.9%29.1%4.6%0.2%-37.6M2.39B-10.3M1.266.91N/AN/A60,41675,925887,1911,358,222
2015-07-21$31.26$32.0029.1%8.4%27.2%12.3%28.6%4.0%-0.2%-39.0M2.43B-10.5M1.045.32N/AN/A60,82863,355904,2781,395,078
2015-07-22$30.48$32.0031.2%9.0%28.1%16.0%31.0%4.1%-0.6%-42.8M2.57B-10.1M1.405.81N/AN/A63,70889,406903,9111,401,116
2015-07-23$29.17$32.0034.5%9.9%31.2%21.7%34.5%4.5%-0.8%-43.1M2.77B-9.3M1.805.30N/AN/A76,181136,895911,8561,417,258
2015-07-24$28.46$32.0036.6%10.5%29.9%25.3%37.4%5.4%0.4%-32.8M2.94B-8.9M1.427.89N/AN/A105,582149,809945,4161,467,789
2015-07-27$28.03$32.0038.1%11.0%29.1%28.0%39.0%4.2%-0.4%-31.6M2.80B-9.2M1.715.97N/AN/A90,166154,540950,1541,456,901
2015-07-28$28.50$32.0036.8%10.5%30.3%25.7%37.5%6.2%0.3%-36.3M2.80B-9.7M1.606.99N/AN/A121,109193,298968,6751,508,311
2015-07-29$29.08$32.0034.6%9.8%31.5%21.8%36.1%4.8%-0.1%-38.3M2.80B-10.4M0.976.31N/AN/A113,750109,8541,015,6281,565,576
2015-07-30$28.53$32.0034.8%10.1%31.8%22.2%35.4%5.2%-0.1%-36.3M2.88B-10.0M0.876.55N/AN/A86,55175,1181,024,2731,567,691
2015-07-31$28.67$32.0034.1%9.6%30.9%21.0%33.8%4.5%-0.4%-33.6M2.93B-10.0M0.635.10N/AN/A106,30667,0291,038,5691,585,834