EWZ Options History — November 2016

In November 2016, EWZ traded between $32.17 and $37.58. ATM implied volatility averaged 36.9%, placing in the 29.2% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 1.6% (HV 20d: 38.4%). Max pain ranged from $36.00 to $38.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.25.

Notable Days

  • 2016-11-18: Highest Volume — 200,258 contracts
  • 2016-11-10: Largest IV spike — 20.2% change
  • 2016-11-14: Highest IV Rank — 49.1%
  • 2016-11-14: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.26$32.17$37.58$36.54$33.64
Max Pain$36.19$36.00$38.00$38.00$36.00
ATM IV36.9%31.7%43.5%34.1%37.4%
Expected Move10.7%9.2%12.4%10.6%11.5%
HV 20d38.4%21.2%48.6%21.6%48.2%
HV 60d34.0%28.1%37.5%28.2%37.4%
IV Rank29.2%13.7%49.1%21.0%30.7%
IV Percentile40.6%19.0%71.8%28.6%43.7%
Term Structure-0.5%-2.5%2.4%-2.5%-1.7%
VWIV37.8%31.4%44.4%37.8%39.2%
Skew 25d5.5%4.1%6.9%5.0%4.1%
Skew 10d11.3%7.1%15.6%8.0%9.3%
Call IV 25d34.3%29.2%40.0%31.4%34.3%
Put IV 25d39.7%35.3%46.2%36.4%38.4%
Bid-Ask Spread %17.9911.5624.4318.4920.16
Gamma HHI0.090.080.110.090.10
Net GEX19.0M-2.1M55.0M21.6M21.7M
Net DEX-400.5M-2.43B733.0M-1.58B-96.3M
Net VEX-12.6M-13.7M-11.7M-13.5M-12.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.182.761.561.70
Total Volume138,011.1952,514200,258159,66954,861
Total OI3,422,601.193,092,4213,622,3263,092,4213,616,129

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-11-01$36.54$38.0034.1%10.6%21.6%21.0%37.8%5.0%-2.5%21.6M-1.58B-13.5M1.5618.49N/AN/A62,41497,2551,574,8741,517,547
2016-11-02$35.91$38.0035.7%11.1%21.2%25.9%39.9%4.5%-0.6%19.4M-1.22B-13.6M1.4918.91N/AN/A50,45675,0811,610,2451,531,052
2016-11-03$35.48$36.0036.3%10.0%21.6%27.5%36.0%6.4%-1.6%16.7M-1.04B-13.2M0.1817.40N/AN/A131,19622,9821,612,6151,542,746
2016-11-04$35.43$36.0036.6%10.1%21.5%28.5%37.2%6.6%-1.1%29.6M-1.08B-13.7M0.6911.56N/AN/A72,02849,6771,682,2501,542,582
2016-11-07$37.07$36.0034.2%9.5%26.5%21.4%35.0%5.3%-0.3%44.8M-2.11B-13.4M0.7022.10N/AN/A84,81259,2621,699,5441,546,120
2016-11-08$37.58$36.0032.0%9.2%26.7%14.8%32.8%6.9%0.0%55.0M-2.43B-13.4M1.7120.88N/AN/A46,64579,6241,745,0191,574,012
2016-11-09$36.42$36.0031.7%9.4%29.2%13.7%31.4%4.9%1.8%43.8M-1.74B-13.4M0.8420.61N/AN/A59,66350,1281,772,9601,590,278
2016-11-10$33.36$36.0038.1%10.9%42.7%32.8%35.9%5.2%0.3%11.8M120.0M-12.5M1.5418.37N/AN/A72,656111,9491,796,3241,608,463
2016-11-11$32.52$36.0042.0%11.6%43.2%44.5%44.4%6.4%-1.5%7.5M574.6M-12.4M2.7624.43N/AN/A50,294138,9841,812,8921,641,779
2016-11-14$32.17$36.0043.5%12.4%43.0%49.1%42.9%6.3%-0.8%2.9M733.0M-12.0M1.4119.42N/AN/A70,01099,0361,802,1351,668,106
2016-11-15$33.46$36.0040.9%11.7%44.3%41.2%39.0%6.0%-1.0%11.6M153.1M-12.7M1.2519.14N/AN/A55,64669,6211,834,6191,704,636
2016-11-16$33.10$36.0039.9%11.4%44.3%38.4%41.4%5.7%0.2%6.9M347.3M-12.2M1.5718.05N/AN/A63,41699,5811,837,6101,700,730
2016-11-17$32.33$36.0038.3%10.9%44.2%33.4%35.9%5.2%1.1%-2.1M682.4M-11.8M1.1117.60N/AN/A82,57191,7401,870,4661,718,100
2016-11-18$32.70$36.0037.3%10.5%44.6%30.4%35.8%4.9%2.4%1.8M570.3M-11.8M0.9917.27N/AN/A100,52999,7291,888,4141,733,912
2016-11-21$33.73$36.0036.4%10.1%46.4%27.7%35.7%5.6%-1.4%18.1M-118.7M-11.7M0.6614.91N/AN/A103,85868,6671,745,0411,632,411
2016-11-22$34.19$36.0035.0%9.7%46.9%23.5%34.7%5.7%-0.6%26.0M-378.8M-11.8M1.1816.15N/AN/A53,52462,9441,781,9271,657,472
2016-11-23$33.72$36.0035.5%10.0%46.9%25.2%35.0%5.3%-0.5%19.0M-68.9M-11.8M1.3112.60N/AN/A75,50398,7891,796,1121,688,770
2016-11-25$33.06$36.0036.4%10.6%47.1%28.0%36.6%5.5%-1.5%5.3M333.3M-12.2M0.9419.95N/AN/A41,76539,1821,847,3181,760,305
2016-11-28$33.95$36.0035.7%10.8%48.5%25.8%44.1%4.6%-0.6%23.5M-278.7M-12.5M0.8316.08N/AN/A54,44945,1941,853,4321,741,335
2016-11-29$33.08$36.0037.1%11.7%48.6%29.8%42.3%4.5%-0.8%14.8M220.0M-12.1M1.9013.79N/AN/A18,09734,4171,868,5341,725,809
2016-11-30$33.64$36.0037.4%11.5%48.2%30.7%39.2%4.1%-1.7%21.7M-96.3M-12.2M1.7020.16N/AN/A20,32634,5351,878,8341,737,295