EWZ Options History — August 2016

In August 2016, EWZ traded between $32.24 and $34.87. ATM implied volatility averaged 31.3%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 7.4% (HV 20d: 23.8%). Max pain ranged from $31.00 to $34.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 3.50.

Notable Days

  • 2016-08-12: Highest Volume — 135,163 contracts
  • 2016-08-22: Largest IV spike — 5.2% change
  • 2016-08-26: Highest IV Rank — 9.8%
  • 2016-08-08: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.85$32.24$34.87$32.55$33.53
Max Pain$32.89$31.00$34.00$31.50$34.00
ATM IV31.3%29.5%32.6%31.3%31.9%
Expected Move8.9%8.4%9.3%8.6%8.8%
HV 20d23.8%21.5%28.7%28.7%21.5%
HV 60d33.3%32.2%35.8%35.6%32.3%
IV Rank4.9%0.0%9.8%3.8%7.6%
IV Percentile4.5%0.0%11.5%2.4%9.5%
Term Structure0.3%-0.9%1.7%0.6%-0.1%
VWIV31.3%27.4%34.0%31.3%30.7%
Skew 25d4.1%2.8%5.3%3.8%5.3%
Skew 10d7.5%-0.1%13.1%6.2%9.2%
Call IV 25d29.7%27.8%31.0%29.8%29.6%
Put IV 25d33.8%31.1%35.7%33.6%35.0%
Bid-Ask Spread %14.865.4868.617.5066.19
Gamma HHI0.090.080.110.090.09
Net GEX23.0M-1.4M35.4M32.6M8.7M
Net DEX-1.40B-1.87B-644.9M-1.20B-1.01B
Net VEX-14.2M-14.6M-13.5M-14.0M-13.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.501.528.996.161.52
Total Volume78,252.73935,004135,16352,28474,925
Total OI3,084,205.4352,782,8903,272,1242,782,8903,170,457

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-08-01$32.55$31.5031.3%8.6%28.7%3.8%31.3%3.8%0.6%32.6M-1.20B-14.0M6.167.50N/AN/A7,30744,9771,475,7671,307,123
2016-08-02$32.24$32.0032.5%8.8%25.9%7.9%32.5%4.6%-0.3%28.5M-1.05B-13.8M4.536.65N/AN/A6,32628,6781,478,7721,320,080
2016-08-03$33.00$32.0032.1%8.4%26.4%6.5%30.0%4.3%-0.3%33.9M-1.30B-13.8M2.677.38N/AN/A30,77082,3111,479,8751,313,343
2016-08-04$33.77$31.0030.7%9.2%26.4%1.8%32.4%3.5%0.2%35.4M-1.59B-14.4M4.997.67N/AN/A21,184105,6361,494,0991,373,805
2016-08-05$34.15$31.0031.4%9.1%22.5%4.3%34.0%3.8%-0.9%29.7M-1.69B-14.6M2.388.56N/AN/A27,33864,9941,497,9501,439,898
2016-08-08$34.09$31.0031.7%9.3%22.6%5.3%28.4%3.7%1.0%28.1M-1.68B-14.5M1.676.71N/AN/A35,51459,2411,509,8051,470,440
2016-08-09$34.46$32.0031.2%9.2%22.6%3.5%27.4%3.3%1.1%29.9M-1.79B-14.5M2.365.56N/AN/A21,91451,6581,525,3741,501,620
2016-08-10$34.14$32.0030.4%9.0%23.1%1.0%32.4%4.1%0.9%26.8M-1.65B-14.3M2.966.41N/AN/A33,13798,2291,532,3941,512,638
2016-08-11$34.87$32.0029.5%8.6%23.0%0.0%29.6%3.9%0.6%31.6M-1.87B-14.5M2.315.48N/AN/A30,22669,9711,548,4001,582,333
2016-08-12$34.43$33.0029.9%8.9%23.7%1.3%30.4%2.8%1.7%30.4M-1.67B-14.5M1.617.08N/AN/A51,69783,4661,560,5601,588,259
2016-08-15$34.81$33.0030.4%8.8%23.4%2.8%30.2%3.7%-0.1%33.6M-1.85B-14.6M2.166.59N/AN/A17,14536,9891,576,7361,607,636
2016-08-16$34.56$33.0031.3%9.0%23.7%5.8%32.6%4.1%1.2%33.0M-1.76B-14.5M3.436.10N/AN/A15,71553,8441,585,1801,605,715
2016-08-17$34.52$34.0031.3%9.0%23.8%5.5%33.5%4.1%1.5%29.8M-1.66B-14.6M4.687.45N/AN/A15,11670,7981,585,5121,633,505
2016-08-18$34.32$34.0031.2%8.9%23.5%5.3%31.2%3.9%0.0%30.3M-1.60B-14.4M8.995.88N/AN/A3,74533,6691,592,7891,664,557
2016-08-19$34.49$34.0030.1%8.6%23.1%1.8%31.5%3.8%0.8%29.8M-1.66B-14.3M3.507.56N/AN/A24,06384,3421,594,6861,677,438
2016-08-22$33.70$34.0031.7%8.9%24.1%6.8%31.9%4.3%0.1%13.1M-1.12B-14.2M2.737.14N/AN/A23,75564,8131,553,7241,560,509
2016-08-23$33.48$34.0031.3%8.8%24.2%5.6%30.0%3.8%0.0%11.7M-1.04B-13.9M3.847.34N/AN/A14,09754,1181,557,3761,572,624
2016-08-24$33.57$34.0032.2%9.0%24.2%8.5%32.9%4.4%-0.2%5.9M-994.8M-14.2M5.027.61N/AN/A8,97445,0311,563,4721,613,458
2016-08-25$33.31$34.0032.2%9.2%24.1%8.6%32.0%4.7%0.0%-1.4M-894.2M-13.9M2.697.01N/AN/A10,37327,8751,568,3421,640,604
2016-08-26$32.88$34.0032.6%9.2%22.0%9.8%31.8%4.4%-0.3%4.6M-644.9M-13.8M3.1866.85N/AN/A13,74443,6571,570,7301,636,441
2016-08-29$33.89$33.0031.2%8.8%23.0%5.4%31.8%4.6%0.0%12.0M-1.26B-13.9M2.128.58N/AN/A20,03242,4471,549,0501,585,661
2016-08-30$33.81$34.0030.8%8.7%22.7%4.0%31.7%4.9%0.2%12.2M-1.13B-13.8M4.9868.61N/AN/A7,68538,2871,549,1671,608,821
2016-08-31$33.53$34.0031.9%8.8%21.5%7.6%30.7%5.3%-0.1%8.7M-1.01B-13.5M1.5266.19N/AN/A29,71945,2061,551,2051,619,252