EWZ Options History — February 2018

In February 2018, EWZ traded between $42.58 and $47.06. ATM implied volatility averaged 30.5%, placing in the 34.1% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 3.5% (HV 20d: 33.9%). Max pain ranged from $43.00 to $44.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 2.08.

Notable Days

  • 2018-02-15: Highest Volume — 226,058 contracts
  • 2018-02-05: Largest IV spike — 26.0% change
  • 2018-02-08: Highest IV Rank — 61.2%
  • 2018-02-08: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.15$42.58$47.06$46.73$45.55
Max Pain$43.76$43.00$44.00$43.00$44.00
ATM IV30.5%25.2%38.0%26.9%28.7%
Expected Move8.7%6.9%11.1%7.9%8.3%
HV 20d33.9%26.0%37.8%26.0%30.5%
HV 60d27.8%26.9%28.8%26.9%26.9%
IV Rank34.1%15.2%61.2%21.4%27.8%
IV Percentile60.7%24.2%97.2%38.1%49.6%
Term Structure-0.2%-1.8%1.2%0.3%-0.3%
VWIV31.5%24.8%39.7%29.2%28.9%
Skew 25d6.5%4.4%9.1%4.4%6.5%
Skew 10d13.8%10.0%19.1%11.1%12.9%
Call IV 25d27.7%22.9%34.0%24.7%26.6%
Put IV 25d34.2%28.3%42.7%29.1%33.1%
Bid-Ask Spread %7.433.3929.213.416.58
Gamma HHI0.080.060.160.120.07
Net GEX25.3M-13.9M78.0M78.0M2.6M
Net DEX-648.7M-1.52B300.9M-1.52B-489.1M
Net VEX-10.4M-10.9M-10.0M-10.1M-10.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.080.507.651.812.10
Total Volume106,313.21161,661226,05899,302108,998
Total OI1,679,243.6841,448,6281,902,4591,685,9071,566,030

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$46.73$43.0026.9%7.9%26.0%21.4%29.2%4.4%0.3%78.0M-1.52B-10.1M1.813.41N/AN/A35,39763,905822,607863,300
2018-02-02$45.07$43.0029.3%8.6%29.8%29.9%31.2%5.0%-0.8%50.7M-682.9M-10.5M1.844.49N/AN/A39,05571,912838,565897,680
2018-02-05$43.71$43.5036.9%10.1%32.0%57.2%34.6%9.1%-1.8%21.0M-169.3M-10.5M1.4829.21N/AN/A38,78457,261826,861825,917
2018-02-06$45.18$43.5033.7%9.7%33.9%45.8%34.4%7.4%-0.1%47.1M-797.0M-10.9M1.519.32N/AN/A39,73459,987850,499844,302
2018-02-07$43.94$43.5034.7%9.7%35.4%49.3%34.5%7.9%-0.8%23.3M-280.3M-10.7M2.424.61N/AN/A29,76372,107865,930867,803
2018-02-08$42.58$43.5038.0%11.1%37.3%61.2%39.0%8.7%0.9%-4.8M300.9M-10.7M2.4011.91N/AN/A32,59378,153875,823902,175
2018-02-09$43.15$43.5037.3%10.7%36.9%58.5%39.7%8.9%-0.0%-381.6K98.1M-10.8M1.569.81N/AN/A69,283108,225890,844934,291
2018-02-12$43.73$44.0035.0%10.1%37.2%50.6%36.2%8.3%-0.8%13.6M-167.4M-10.7M1.987.99N/AN/A28,19955,893893,885925,492
2018-02-13$44.03$44.0032.9%9.4%37.2%42.8%34.3%8.2%-0.4%20.7M-296.7M-10.5M2.676.40N/AN/A25,77068,884888,351920,726
2018-02-14$45.20$44.0027.9%8.0%37.8%25.0%28.6%5.4%-0.2%49.6M-898.1M-10.2M0.505.57N/AN/A87,48143,665891,988929,667
2018-02-15$45.46$44.0028.8%8.3%37.8%28.2%32.6%5.6%-0.2%55.6M-1.07B-10.0M7.653.39N/AN/A26,147199,911894,437934,671
2018-02-16$45.54$44.0028.3%8.0%37.7%26.4%29.7%5.2%1.2%-13.9M-1.05B-10.3M2.103.78N/AN/A32,95869,234891,2601,011,199
2018-02-20$45.80$44.0028.4%7.9%37.7%26.7%30.0%5.9%-0.5%10.7M-686.4M-10.1M2.225.39N/AN/A20,53945,645626,569822,059
2018-02-21$45.87$44.0027.5%7.6%36.7%23.3%26.7%5.4%0.4%8.6M-699.6M-10.1M0.827.92N/AN/A74,35160,878634,292837,221
2018-02-22$46.26$44.0026.3%7.2%30.4%19.0%24.8%5.3%0.0%23.7M-881.2M-10.3M0.614.92N/AN/A50,98931,345684,972858,534
2018-02-23$46.69$44.0026.0%7.2%30.2%18.0%26.5%5.6%-0.3%31.1M-1.10B-10.2M1.513.85N/AN/A24,58637,075694,694862,308
2018-02-26$47.06$44.0025.2%6.9%30.2%15.2%26.7%5.4%0.4%38.2M-1.10B-10.0M1.614.96N/AN/A24,90340,034670,123834,317
2018-02-27$46.34$44.0027.2%7.5%29.9%22.4%30.3%6.1%-0.6%24.8M-839.9M-10.2M2.757.74N/AN/A17,70348,604675,904850,334
2018-02-28$45.55$44.0028.7%8.3%30.5%27.8%28.9%6.5%-0.3%2.6M-489.1M-10.4M2.106.58N/AN/A35,18973,809684,508881,522