EWZ Options History — October 2015

In October 2015, EWZ traded between $21.64 and $25.13. ATM implied volatility averaged 44.6%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded below realized volatility by 0.1% (HV 20d: 44.7%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2015-10-21: Highest Volume — 560,114 contracts
  • 2015-10-02: Largest IV drop — 8.5% change
  • 2015-10-27: Highest IV Rank — 57.5%
  • 2015-10-01: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.53$21.64$25.13$21.64$22.85
Max Pain$22.95$22.00$24.00$24.00$23.00
ATM IV44.6%39.2%51.1%51.1%39.2%
Expected Move12.8%11.3%15.1%15.1%11.3%
HV 20d44.7%30.3%51.5%45.5%30.3%
HV 60d40.5%37.9%41.7%37.9%40.4%
IV Rank42.7%34.7%57.5%48.3%47.2%
IV Percentile85.9%81.0%90.9%90.9%81.0%
Term Structure-0.4%-1.2%0.1%-0.7%0.0%
VWIV45.6%40.5%54.8%54.8%40.5%
Skew 25d6.1%4.5%8.6%8.6%4.5%
Skew 10d11.9%8.5%16.1%15.4%8.5%
Call IV 25d42.4%37.7%47.7%47.7%37.7%
Put IV 25d48.5%42.2%56.3%56.3%42.2%
Bid-Ask Spread %5.813.507.394.733.99
Gamma HHI0.100.070.150.150.09
Net GEX-12.0M-19.4M-1.8M-19.4M-9.8M
Net DEX2.76B2.51B3.00B3.00B2.84B
Net VEX-8.5M-10.0M-6.5M-6.5M-9.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.121.601.050.39
Total Volume212,242.68262,482560,114198,067350,134
Total OI3,618,566.9093,318,6754,000,5353,318,6754,000,535

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-10-01$21.64$24.0051.1%15.1%45.5%48.3%54.8%8.6%-0.7%-19.4M3.00B-6.5M1.054.73N/AN/A96,420101,6471,355,0001,963,675
2015-10-02$22.94$24.0046.8%13.6%50.4%40.3%49.0%8.2%-0.4%-18.4M2.87B-7.3M1.605.98N/AN/A85,944137,8601,372,1701,981,533
2015-10-05$23.62$22.0045.4%12.8%48.9%37.9%46.3%7.7%-0.4%-16.9M2.83B-7.8M0.987.11N/AN/A31,52430,9581,361,9372,018,222
2015-10-06$23.87$22.5044.3%12.6%48.6%35.8%47.3%7.0%-0.3%-16.5M2.77B-8.0M0.976.96N/AN/A75,70573,1881,368,5802,027,893
2015-10-07$24.26$22.5045.2%12.8%48.9%37.4%46.1%6.8%-0.6%-14.7M2.70B-8.3M0.796.82N/AN/A122,09896,3281,364,4582,025,803
2015-10-08$24.86$22.5044.4%12.6%48.9%36.0%44.2%6.1%-0.4%-11.0M2.58B-8.7M0.957.06N/AN/A91,18286,3461,419,6642,053,683
2015-10-09$25.13$22.5043.7%12.6%48.8%34.7%47.6%6.3%0.1%-9.1M2.51B-9.0M1.026.25N/AN/A80,18281,6241,437,6252,066,310
2015-10-12$24.68$23.0044.9%12.7%48.1%37.0%45.2%6.5%-0.3%-10.4M2.60B-8.7M1.035.89N/AN/A74,17776,5181,436,7642,053,702
2015-10-13$23.47$23.0047.7%13.6%51.5%42.1%50.5%6.2%-0.4%-16.0M2.83B-7.9M0.756.75N/AN/A102,18976,5161,437,1242,057,258
2015-10-14$23.64$23.0046.4%13.2%50.2%39.6%44.0%6.8%-0.2%-12.3M2.84B-7.9M0.677.39N/AN/A114,32676,3531,469,5522,094,603
2015-10-15$23.94$23.0045.5%12.9%50.3%38.0%46.8%6.2%-0.2%-8.8M2.83B-7.8M0.316.63N/AN/A202,61563,5001,475,0942,112,261
2015-10-16$23.73$23.0045.9%13.0%45.8%38.7%44.2%5.8%-0.5%-14.0M2.81B-8.5M0.475.27N/AN/A139,57065,4501,585,9962,122,650
2015-10-19$23.56$23.0046.1%13.1%45.5%39.2%45.7%6.6%-1.0%-14.8M2.80B-8.3M0.406.02N/AN/A118,07447,7941,467,1421,968,530
2015-10-20$23.11$23.0045.1%12.9%43.0%37.2%43.4%6.1%-1.2%-17.1M2.85B-8.0M0.585.95N/AN/A122,86770,8101,490,9901,977,300
2015-10-21$22.87$23.0044.7%12.8%42.4%40.4%44.5%5.6%-1.0%-18.0M2.89B-7.7M0.125.13N/AN/A501,67158,4431,508,2041,983,229
2015-10-22$23.58$23.0043.5%12.5%42.4%44.7%42.5%5.5%-1.0%-3.8M2.58B-10.0M0.486.33N/AN/A87,03141,4211,909,5481,985,912
2015-10-23$23.63$23.0042.6%12.3%42.3%48.0%44.6%4.6%-0.8%-1.8M2.58B-9.9M0.636.37N/AN/A101,89864,5861,915,6811,986,394
2015-10-26$23.31$23.0042.8%12.5%39.1%48.4%44.7%5.2%-0.2%-4.9M2.63B-9.7M0.235.88N/AN/A138,53232,3011,912,2781,978,684
2015-10-27$23.21$23.0042.4%12.3%39.2%57.5%43.3%5.0%-0.3%-5.8M2.68B-9.4M0.513.73N/AN/A193,42698,5171,915,3371,982,326
2015-10-28$22.98$23.0042.2%12.4%36.9%57.0%43.7%4.8%0.1%-9.6M2.78B-9.4M0.644.02N/AN/A139,24988,8701,948,4222,028,047
2015-10-29$22.79$23.0041.5%12.2%36.8%54.5%43.2%4.5%0.1%-11.7M2.83B-9.1M0.653.50N/AN/A140,27791,2181,955,5332,032,823
2015-10-30$22.85$23.0039.2%11.3%30.3%47.2%40.5%4.5%0.0%-9.8M2.84B-9.0M0.393.99N/AN/A251,32098,8141,963,8452,036,690