EWZ Options History — October 2017

In October 2017, EWZ traded between $40.16 and $43.34. ATM implied volatility averaged 26.2%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 5.3% (HV 20d: 20.9%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.32.

Notable Days

  • 2017-10-18: Highest Volume — 242,255 contracts
  • 2017-10-30: Largest IV spike — 14.8% change
  • 2017-10-30: Highest IV Rank — 34.5%
  • 2017-10-30: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.18$40.16$43.34$41.72$40.16
Max Pain$41.45$40.00$42.00$40.50$42.00
ATM IV26.2%23.6%30.6%28.4%29.5%
Expected Move7.6%6.7%9.7%7.9%9.2%
HV 20d20.9%17.7%25.9%17.7%22.3%
HV 60d18.1%16.8%20.9%16.9%20.7%
IV Rank19.0%9.3%34.5%26.8%30.6%
IV Percentile27.8%11.5%62.3%40.1%52.8%
Term Structure-0.3%-1.6%1.1%-0.3%0.4%
VWIV28.0%24.4%34.3%28.8%32.8%
Skew 25d5.6%4.6%7.8%6.0%7.1%
Skew 10d12.5%9.6%15.4%13.5%14.3%
Call IV 25d24.0%21.5%27.5%26.1%26.3%
Put IV 25d29.6%26.7%34.4%32.1%33.4%
Bid-Ask Spread %4.732.508.485.573.44
Gamma HHI0.070.050.100.050.06
Net GEX2.7M-38.4M44.7M946.8K-38.4M
Net DEX-941.0M-1.77B359.8M-902.4M359.8M
Net VEX-11.7M-12.2M-11.3M-11.7M-11.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.522.641.010.67
Total Volume113,144.36440,461242,25540,461176,719
Total OI2,670,161.1362,392,2723,015,1012,508,3042,657,874

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-10-02$41.72$40.5028.4%7.9%17.7%26.8%28.8%6.0%-0.3%946.8K-902.4M-11.7M1.015.57N/AN/A20,08120,3801,052,8761,455,428
2017-10-03$43.15$40.5025.7%6.9%21.0%16.9%24.7%4.7%0.1%33.4M-1.58B-11.3M0.816.42N/AN/A43,57935,1781,055,8421,438,044
2017-10-04$43.34$41.0024.8%6.7%19.5%13.9%26.5%4.8%0.2%44.7M-1.77B-11.4M2.646.56N/AN/A27,42872,3761,077,8901,453,215
2017-10-05$43.11$40.0026.2%7.5%19.5%18.8%26.1%6.0%-0.6%28.3M-1.59B-11.6M0.528.48N/AN/A81,31441,9911,079,9271,495,100
2017-10-06$42.64$40.0027.3%7.6%19.8%22.8%31.0%5.8%-0.1%19.2M-1.32B-12.0M1.862.72N/AN/A65,669122,2961,131,9791,507,794
2017-10-09$42.03$40.0028.4%8.0%19.8%26.6%29.7%6.0%-0.4%-8.2M-822.7M-12.2M2.315.65N/AN/A24,56256,8401,125,4311,553,697
2017-10-10$42.79$40.0026.2%7.5%20.8%18.7%27.6%5.8%-0.2%16.6M-1.28B-11.8M1.392.61N/AN/A46,50864,5991,128,6751,581,212
2017-10-11$42.86$42.0025.6%7.3%20.8%16.7%28.7%5.4%0.1%16.6M-1.34B-11.8M0.975.46N/AN/A31,02429,9851,145,7191,611,433
2017-10-12$42.75$42.0025.6%7.2%20.7%16.6%28.6%5.6%-0.6%10.7M-1.22B-11.8M0.775.72N/AN/A25,38819,4421,147,5201,626,960
2017-10-13$43.29$42.0023.6%7.0%20.4%9.6%26.2%5.2%1.1%28.9M-1.60B-11.6M1.815.35N/AN/A35,17363,6761,158,6121,634,857
2017-10-16$42.95$42.0024.7%7.1%20.5%13.3%27.3%5.3%-1.3%16.1M-1.40B-11.6M1.482.51N/AN/A41,49161,2701,173,5131,647,165
2017-10-17$42.62$42.0023.6%6.7%20.7%9.3%24.4%4.6%0.0%-3.3M-1.26B-11.3M1.463.13N/AN/A44,19164,3621,181,8731,670,435
2017-10-18$42.72$42.0024.1%6.9%20.7%11.2%25.2%4.8%-0.5%1.5M-1.29B-11.5M1.822.50N/AN/A86,044156,2111,187,4731,672,400
2017-10-19$42.45$42.0024.9%7.2%20.4%14.0%25.1%4.7%-1.6%-13.2M-1.16B-11.8M0.894.00N/AN/A52,83646,9941,254,5901,758,855
2017-10-20$42.32$42.0024.7%7.2%20.4%13.3%27.2%4.8%-1.1%5.7M-1.19B-11.6M1.105.16N/AN/A38,04441,8191,271,3851,743,716
2017-10-23$41.25$42.0026.6%7.8%21.1%20.4%26.4%5.8%0.9%-12.6M-293.0M-11.6M1.236.98N/AN/A45,28855,4871,066,6851,325,587
2017-10-24$41.53$42.0025.7%7.6%21.2%17.1%26.6%5.4%0.4%-11.3M-411.1M-11.8M0.857.09N/AN/A90,28177,0571,086,7911,357,374
2017-10-25$41.87$42.0026.5%7.9%20.3%19.8%29.1%4.7%-0.4%-57.1K-581.9M-11.9M0.913.68N/AN/A54,21349,1041,141,5391,379,669
2017-10-26$40.66$42.0028.3%8.6%23.0%26.3%31.0%7.8%-1.4%-29.8M66.2M-11.7M1.534.41N/AN/A46,45970,9531,154,0351,395,960
2017-10-27$41.48$42.0026.6%8.2%23.6%20.3%28.0%6.2%0.0%-21.9M-368.1M-12.0M1.103.64N/AN/A50,57655,5701,161,5031,410,313
2017-10-30$40.24$42.0030.6%9.7%25.9%34.5%34.3%6.8%-0.5%-24.4M253.0M-11.8M1.963.00N/AN/A52,893103,8251,181,0691,401,530
2017-10-31$40.16$42.0029.5%9.2%22.3%30.6%32.8%7.1%0.4%-38.4M359.8M-11.7M0.673.44N/AN/A105,94670,7731,198,2001,459,674