EWZ Options History — December 2015

In December 2015, EWZ traded between $20.68 and $23.83. ATM implied volatility averaged 42.5%, placing in the 57.9% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 3.8% (HV 20d: 38.7%). Max pain ranged from $30.00 to $38.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.59.

Notable Days

  • 2015-12-21: Highest Volume — 741,446 contracts
  • 2015-12-11: Largest IV spike — 9.6% change
  • 2015-12-11: Highest IV Rank — 79.2%
  • 2015-12-11: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.25$20.68$23.83$22.58$20.71
Max Pain$35.18$30.00$38.00$30.00$35.00
ATM IV42.5%37.2%49.1%42.1%40.1%
Expected Move12.3%10.5%14.4%13.2%11.4%
HV 20d38.7%35.0%43.4%43.4%35.5%
HV 60d39.5%36.4%41.4%40.8%36.4%
IV Rank57.9%40.7%79.2%56.5%49.9%
IV Percentile80.0%62.3%96.4%81.7%71.8%
Term Structure0.1%-2.5%2.9%-1.3%0.2%
VWIV43.7%36.5%52.1%47.0%40.2%
Skew 25d5.0%2.1%7.4%7.0%4.0%
Skew 10d7.8%3.1%11.9%10.8%6.5%
Call IV 25d41.0%36.3%47.6%38.9%38.6%
Put IV 25d46.0%39.9%53.3%45.9%42.6%
Bid-Ask Spread %3.912.816.792.973.22
Gamma HHI0.100.070.150.080.14
Net GEX-8.4M-19.6M5.2M-12.7M-16.4M
Net DEX2.90B2.56B3.49B2.93B2.92B
Net VEX-8.9M-11.0M-6.7M-8.8M-6.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.311.091.030.58
Total Volume292,325.455151,484741,446213,355151,484
Total OI4,436,541.1823,849,8054,973,9554,294,1023,940,459

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-12-01$22.58$30.0042.1%13.2%43.4%56.5%47.0%7.0%-1.3%-12.7M2.93B-8.8M1.032.97N/AN/A105,270108,0852,184,5822,109,520
2015-12-02$23.07$30.0043.8%14.0%38.9%62.2%49.1%7.1%-0.8%-8.6M2.82B-9.5M0.646.57N/AN/A157,242100,4742,237,6272,178,835
2015-12-03$23.83$38.0042.2%11.8%40.0%57.0%40.9%6.8%-0.7%2.1M2.56B-10.7M0.653.28N/AN/A207,102134,3882,326,4722,219,420
2015-12-04$23.48$37.0041.0%11.8%39.9%52.9%40.6%7.2%-0.3%-181.0K2.75B-10.3M0.644.02N/AN/A131,98484,8932,394,9102,277,417
2015-12-07$23.29$36.0041.6%12.2%39.7%55.0%41.4%6.6%2.0%-1.7M2.89B-10.0M0.794.02N/AN/A86,04068,0172,407,4912,277,471
2015-12-08$23.35$36.0045.0%12.8%38.2%65.8%45.3%5.3%0.0%-1.1M2.88B-10.4M0.506.79N/AN/A299,236150,6172,456,8292,318,018
2015-12-09$23.82$36.0043.4%12.3%38.4%60.7%43.1%6.1%-0.2%5.2M2.66B-11.0M0.323.38N/AN/A260,38384,1182,475,3902,323,346
2015-12-10$22.89$36.0044.8%13.0%40.1%65.3%45.3%6.3%0.7%-7.8M2.95B-10.1M0.414.25N/AN/A146,80459,8552,474,1972,333,910
2015-12-11$22.48$36.0049.1%14.4%39.6%79.2%52.1%6.9%2.9%-19.6M3.04B-10.0M0.633.74N/AN/A122,49877,6382,498,4752,350,022
2015-12-14$22.40$36.0049.0%14.1%39.4%79.1%50.1%4.8%-0.4%-10.7M3.07B-9.8M0.334.46N/AN/A240,22378,5162,490,4792,346,236
2015-12-15$22.37$36.0045.8%13.2%37.7%68.6%46.0%2.1%-2.5%-11.1M3.08B-9.7M0.313.32N/AN/A179,43855,5072,513,5882,352,957
2015-12-16$22.85$36.0043.8%12.6%38.7%62.0%46.6%3.0%0.5%-7.1M2.99B-9.6M0.455.26N/AN/A115,23551,7362,530,3472,357,352
2015-12-17$22.33$36.0043.1%12.4%37.4%59.8%43.5%4.4%-0.7%-14.5M3.15B-9.4M0.583.37N/AN/A127,77874,4852,539,6802,372,136
2015-12-18$21.25$35.0044.8%12.9%39.5%65.4%45.5%7.4%-1.2%-4.6M3.49B-8.3M0.603.56N/AN/A152,50091,8252,578,3322,395,623
2015-12-21$20.68$35.0044.7%13.0%39.0%65.1%45.1%4.1%0.5%-7.9M2.75B-7.7M0.543.81N/AN/A480,175261,2712,077,3551,963,132
2015-12-22$20.94$35.0040.8%11.7%39.4%52.2%43.2%3.2%0.4%-14.2M2.92B-7.4M0.393.84N/AN/A381,967149,6651,832,0542,064,790
2015-12-23$21.50$35.0037.5%10.7%40.5%41.7%43.2%2.9%0.8%-10.2M2.78B-7.4M0.453.34N/AN/A218,93198,1421,841,3532,021,624
2015-12-24$21.49$35.0037.2%10.5%37.7%40.7%36.6%3.7%1.3%-12.6M2.79B-7.4M0.483.86N/AN/A191,12291,9951,863,3332,035,813
2015-12-28$21.71$35.0039.0%11.0%36.9%46.6%38.7%3.8%0.4%-8.0M2.76B-7.3M0.752.95N/AN/A186,554140,5411,853,7382,020,955
2015-12-29$21.59$35.0037.7%10.5%35.0%42.2%36.5%2.9%0.7%-9.5M2.78B-7.4M0.762.81N/AN/A160,014120,9151,866,6482,052,185
2015-12-30$20.85$35.0039.0%11.2%36.8%46.4%41.0%4.5%0.7%-14.6M2.77B-6.8M1.093.16N/AN/A118,070128,4271,871,2441,978,561
2015-12-31$20.71$35.0040.1%11.4%35.5%49.9%40.2%4.0%0.2%-16.4M2.92B-6.7M0.583.22N/AN/A95,98055,5041,893,4942,046,965