EWZ Options History — June 2016

In June 2016, EWZ traded between $25.84 and $30.14. ATM implied volatility averaged 37.8%, placing in the 35.7% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 0.9% (HV 20d: 36.9%). Max pain ranged from $25.50 to $35.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2016-06-14: Highest Volume — 246,104 contracts
  • 2016-06-09: Largest IV spike — 10.0% change
  • 2016-06-22: Highest IV Rank — 47.5%
  • 2016-06-22: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.74$25.84$30.14$25.84$30.14
Max Pain$29.16$25.50$35.00$27.00$29.00
ATM IV37.8%31.2%41.7%37.9%35.4%
Expected Move10.8%9.6%12.3%10.8%10.1%
HV 20d36.9%32.5%44.1%32.5%43.9%
HV 60d40.3%37.4%44.6%43.5%39.6%
IV Rank35.7%18.2%47.5%36.9%25.6%
IV Percentile25.8%10.3%46.0%25.4%10.3%
Term Structure-0.3%-2.2%3.5%-0.8%0.6%
VWIV38.3%32.3%43.8%38.3%37.3%
Skew 25d6.7%4.2%9.7%7.1%4.6%
Skew 10d13.9%3.9%21.2%13.9%10.5%
Call IV 25d35.1%30.6%39.2%33.6%33.9%
Put IV 25d41.8%35.8%46.5%40.7%38.5%
Bid-Ask Spread %10.517.5820.378.528.38
Gamma HHI0.080.070.100.080.08
Net GEX11.7M-590.3K31.5M-590.3K25.8M
Net DEX88.7M-674.7M688.7M621.2M-545.8M
Net VEX-12.5M-14.1M-11.5M-11.6M-14.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.581.730.651.15
Total Volume147,355.90974,713246,104124,186180,022
Total OI3,004,622.7732,367,8203,600,7073,220,7342,648,221

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-06-01$25.84$27.0037.9%10.8%32.5%36.9%38.3%7.1%-0.8%-590.3K621.2M-11.6M0.658.52N/AN/A75,26348,9231,616,3411,604,393
2016-06-02$26.35$25.5036.5%10.0%33.0%33.2%35.4%7.9%-1.3%7.9M416.3M-11.9M0.889.03N/AN/A41,92636,7621,636,8181,618,867
2016-06-03$27.17$25.5036.7%9.9%34.6%33.6%35.8%5.6%-1.4%14.7M64.5M-12.3M1.3410.13N/AN/A56,48175,6211,637,9581,610,525
2016-06-06$27.31$25.5034.8%9.8%34.5%28.2%34.6%6.5%-1.7%16.2M49.6M-12.2M0.689.77N/AN/A100,29568,1691,636,4001,630,938
2016-06-07$27.60$29.0033.4%9.7%34.3%24.4%35.2%6.9%-1.3%18.2M-45.3M-12.3M0.859.16N/AN/A45,90439,2391,659,0981,659,890
2016-06-08$29.02$29.5031.2%9.6%34.6%18.2%33.8%4.5%3.5%31.5M-674.7M-13.1M0.658.86N/AN/A91,29559,7781,656,6491,680,038
2016-06-09$28.52$35.0034.3%9.9%35.1%26.9%36.7%7.0%1.4%28.2M-439.2M-13.0M1.168.85N/AN/A55,18564,2841,681,5071,687,177
2016-06-10$27.30$30.0037.5%10.7%38.2%35.9%32.3%7.6%-1.1%15.2M98.8M-12.5M1.0610.40N/AN/A36,22938,4841,701,7611,711,857
2016-06-13$26.98$30.0039.1%11.3%35.3%40.4%39.3%8.0%-0.6%10.1M285.8M-12.1M1.139.68N/AN/A102,686116,2011,701,8141,699,750
2016-06-14$26.27$30.0039.6%11.4%36.3%41.7%43.2%9.4%0.4%-319.4K688.7M-11.5M1.7311.86N/AN/A90,025156,0791,739,1741,758,824
2016-06-15$26.64$30.0038.6%11.1%36.3%39.0%37.9%9.7%1.6%2.2M562.8M-11.7M0.7914.99N/AN/A111,88488,0161,743,3131,781,840
2016-06-16$26.93$30.0040.5%11.6%35.6%44.3%43.0%6.6%-0.1%11.5M418.7M-11.8M0.9111.61N/AN/A126,290114,3171,774,1561,768,988
2016-06-17$27.39$30.0039.1%11.2%35.9%40.3%39.5%8.2%0.1%2.7M269.7M-12.2M0.959.73N/AN/A111,832106,6271,795,1791,805,528
2016-06-20$28.06$30.0039.4%11.2%36.6%41.1%39.0%8.1%-2.2%6.3M124.0M-12.4M0.909.38N/AN/A79,71071,3711,204,0851,163,735
2016-06-21$28.30$29.5038.0%11.0%34.1%37.1%41.4%4.4%-0.6%6.1M72.9M-12.9M1.2710.30N/AN/A36,26746,0151,227,9791,179,810
2016-06-22$27.89$29.5041.7%12.3%34.7%47.5%43.8%6.0%-0.2%7.0M113.6M-12.6M1.099.06N/AN/A42,27746,1481,223,6231,172,375
2016-06-23$29.06$29.5040.1%10.9%37.2%43.1%39.4%4.2%-0.9%14.0M-184.6M-13.3M1.2120.37N/AN/A43,28452,1661,235,7601,180,207
2016-06-24$27.89$29.5040.1%11.8%40.6%39.5%41.3%7.4%-1.3%5.8M155.4M-12.7M1.1515.11N/AN/A34,76239,9891,244,7231,187,843
2016-06-27$27.35$29.5041.6%11.8%40.6%44.1%41.2%6.5%-0.2%3.0M284.5M-12.3M0.799.74N/AN/A89,34970,7591,228,1031,176,241
2016-06-28$28.54$29.0038.8%10.9%42.5%35.9%37.8%5.5%0.3%11.6M-17.5M-13.0M0.588.70N/AN/A85,32749,1871,287,0211,216,043
2016-06-29$29.67$29.0036.5%10.3%44.1%29.0%37.4%5.1%-0.8%19.6M-368.8M-13.5M0.807.58N/AN/A120,75096,6521,304,9161,222,233
2016-06-30$30.14$29.0035.4%10.1%43.9%25.6%37.3%4.6%0.6%25.8M-545.8M-14.1M1.158.38N/AN/A83,65196,3711,380,7401,267,481