EWZ Options History — September 2015

In September 2015, EWZ traded between $20.73 and $24.37. ATM implied volatility averaged 48.7%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 5.9% (HV 20d: 42.8%). Max pain ranged from $24.00 to $32.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.00.

Notable Days

  • 2015-09-24: Highest Volume — 305,236 contracts
  • 2015-09-30: Largest IV drop — 8.4% change
  • 2015-09-28: Highest IV Rank — 56.2%
  • 2015-09-28: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.81$20.73$24.37$23.77$21.88
Max Pain$25.38$24.00$32.00$32.00$24.00
ATM IV48.7%42.2%55.5%50.3%50.4%
Expected Move14.1%12.1%16.9%15.4%14.9%
HV 20d42.8%38.9%47.1%38.9%45.6%
HV 60d34.3%31.6%38.1%31.6%38.1%
IV Rank43.9%32.0%56.2%47.8%46.9%
IV Percentile90.3%84.9%94.4%92.1%90.1%
Term Structure-0.7%-1.8%1.0%-1.1%-0.6%
VWIV51.1%42.3%61.2%57.4%55.7%
Skew 25d9.2%8.4%10.8%9.3%8.5%
Skew 10d17.4%14.1%22.2%19.4%16.3%
Call IV 25d45.1%38.4%51.2%47.0%47.3%
Put IV 25d54.3%47.2%61.3%56.3%55.8%
Bid-Ask Spread %6.653.4910.654.995.44
Gamma HHI0.120.090.170.100.16
Net GEX-21.2M-26.1M-16.5M-23.7M-19.4M
Net DEX3.22B2.91B3.53B3.24B2.96B
Net VEX-6.8M-8.0M-5.5M-7.2M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.482.840.671.27
Total Volume200,753.38130,819305,236242,898218,717
Total OI3,280,805.9522,972,7833,538,8023,078,3633,257,307

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-09-01$23.77$32.0050.3%15.4%38.9%47.8%57.4%9.3%-1.1%-23.7M3.24B-7.2M0.674.99N/AN/A145,08097,8181,265,5981,812,765
2015-09-02$23.89$32.0047.6%14.5%39.2%42.3%53.1%9.2%-0.3%-24.6M3.23B-7.6M0.783.49N/AN/A153,295118,8101,317,8421,854,343
2015-09-03$24.25$25.0049.1%13.5%39.6%44.6%47.8%8.7%-0.7%-25.5M3.26B-8.0M0.696.91N/AN/A143,09499,0901,353,1281,915,976
2015-09-04$23.16$25.0051.6%14.3%42.0%49.1%54.2%10.6%-0.4%-20.6M3.35B-7.2M1.0710.65N/AN/A116,610124,7941,384,3691,937,706
2015-09-08$23.57$25.0048.0%13.3%40.3%42.5%49.5%9.9%-1.8%-25.6M3.38B-7.4M2.847.91N/AN/A8,01622,8031,387,4391,969,063
2015-09-09$23.55$25.0046.6%12.9%39.8%39.9%51.9%8.8%-1.4%-26.1M3.40B-7.1M0.489.17N/AN/A117,07156,4041,392,4421,974,458
2015-09-10$23.09$25.0048.1%13.6%40.0%42.7%48.7%8.4%-1.2%-25.5M3.46B-6.6M1.328.57N/AN/A125,638166,0961,420,6201,972,084
2015-09-11$22.93$25.0047.0%13.4%39.7%40.8%46.1%8.4%-0.8%-21.9M3.50B-6.8M0.936.79N/AN/A106,32598,5501,436,5592,020,208
2015-09-14$23.73$25.0046.3%13.1%42.2%39.4%45.9%8.9%0.8%-23.6M3.40B-7.2M0.686.40N/AN/A110,69475,6151,430,7261,992,055
2015-09-15$23.59$25.0044.8%12.8%42.2%36.8%47.0%8.6%1.0%-22.2M3.44B-6.9M1.588.42N/AN/A24,22038,3401,454,8272,003,008
2015-09-16$24.37$25.0044.9%12.9%44.1%36.9%47.3%9.8%-1.4%-20.5M3.35B-7.6M0.658.60N/AN/A118,23677,1971,472,4252,012,648
2015-09-17$24.18$25.0042.2%12.1%43.4%32.0%42.3%8.8%0.2%-18.2M3.34B-7.8M0.707.96N/AN/A103,11572,2131,498,3612,015,922
2015-09-18$22.83$25.0044.9%12.9%47.1%36.8%45.3%8.7%-0.9%-16.7M3.53B-6.5M1.266.34N/AN/A106,531134,5481,508,8072,029,995
2015-09-21$22.49$25.0046.0%13.1%46.1%39.0%45.7%8.6%-1.7%-21.1M2.91B-6.3M0.726.41N/AN/A97,97670,3201,225,6021,747,181
2015-09-22$21.53$25.0048.8%14.3%46.2%44.1%51.4%9.4%-0.9%-19.9M2.97B-5.7M0.795.33N/AN/A78,32261,9171,255,6971,773,784
2015-09-23$21.11$24.0050.8%15.1%46.4%47.7%53.8%8.5%-0.5%-18.7M2.99B-5.5M0.864.88N/AN/A104,58489,4361,275,4771,793,544
2015-09-24$21.77$24.0053.2%15.7%46.2%52.1%57.7%10.6%-1.0%-19.0M2.94B-6.1M1.055.15N/AN/A148,776156,4601,305,8531,820,842
2015-09-25$21.64$24.0051.6%14.8%42.2%49.1%54.7%10.2%-0.6%-16.5M2.95B-6.4M1.065.69N/AN/A123,884131,8751,351,5411,866,197
2015-09-28$20.73$24.0055.5%16.9%43.8%56.2%61.2%10.8%-0.8%-17.9M2.95B-5.8M0.875.16N/AN/A98,51785,6381,316,9701,860,836
2015-09-29$20.97$24.0055.0%16.6%44.3%55.3%57.0%9.8%-1.2%-18.7M2.98B-6.0M0.785.37N/AN/A106,26382,9331,323,6661,889,054
2015-09-30$21.88$24.0050.4%14.9%45.6%46.9%55.7%8.5%-0.6%-19.4M2.96B-6.5M1.275.44N/AN/A96,380122,3371,339,3301,917,977