EWZ Options History — October 2018

In October 2018, EWZ traded between $33.58 and $40.30. ATM implied volatility averaged 46.0%, placing in the 57.0% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 6.4% (HV 20d: 39.6%). Max pain ranged from $33.00 to $36.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 1.13.

Notable Days

  • 2018-10-08: Highest Volume — 745,721 contracts
  • 2018-10-08: Largest IV drop — 26.1% change
  • 2018-10-03: Highest IV Rank — 100.0%
  • 2018-10-05: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.39$33.58$40.30$33.58$40.25
Max Pain$34.52$33.00$36.00$33.00$36.00
ATM IV46.0%37.1%64.6%56.0%38.7%
Expected Move12.5%10.6%16.2%12.5%11.6%
HV 20d39.6%35.0%44.1%35.0%42.2%
HV 60d38.0%34.6%39.9%34.6%39.7%
IV Rank57.0%33.9%100.0%92.8%37.7%
IV Percentile89.6%81.0%100.0%98.4%81.3%
Term Structure-2.5%-6.4%0.2%-3.5%-0.7%
VWIV44.4%37.2%56.0%42.5%40.5%
Skew 25d10.9%7.1%16.4%7.3%7.2%
Skew 10d17.9%7.5%28.9%7.6%13.8%
Call IV 25d40.2%32.4%54.5%52.9%34.9%
Put IV 25d51.1%42.1%69.9%60.3%42.1%
Bid-Ask Spread %4.562.708.192.704.59
Gamma HHI0.080.060.110.060.09
Net GEX140.6M51.0M198.2M51.0M178.3M
Net DEX-3.50B-5.39B-123.4M-123.4M-4.56B
Net VEX-24.2M-26.6M-20.9M-20.9M-24.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.562.320.901.16
Total Volume340,234.739177,575745,721287,247219,913
Total OI5,759,417.8264,797,0506,309,2134,797,0506,204,653

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-10-01$33.58$33.0056.0%12.5%35.0%92.8%42.5%7.3%-3.5%51.0M-123.4M-20.9M0.902.70N/AN/A150,824136,4232,747,0592,049,991
2018-10-02$35.69$33.0058.4%13.2%35.9%99.3%45.3%9.2%-3.3%91.6M-1.78B-22.8M0.563.25N/AN/A228,188126,6462,750,0132,111,781
2018-10-03$36.50$33.0060.9%13.9%36.3%100.0%48.4%9.9%-4.6%110.5M-2.54B-23.9M1.282.93N/AN/A269,108344,9162,875,7012,177,472
2018-10-04$36.48$34.0062.0%15.8%36.0%100.0%53.6%12.6%-4.6%94.0M-2.24B-24.9M1.534.22N/AN/A166,158254,8152,921,1702,376,987
2018-10-05$36.71$34.0064.6%16.2%35.7%100.0%56.0%15.4%-5.5%97.3M-2.43B-26.0M1.007.34N/AN/A171,095171,8982,996,7662,524,957
2018-10-08$39.11$34.0047.7%12.6%40.4%59.4%47.6%15.1%-2.9%149.7M-4.54B-25.3M0.983.96N/AN/A377,319368,4023,015,1052,532,526
2018-10-09$39.69$34.0046.2%12.4%35.9%55.7%48.3%14.6%-2.7%162.9M-5.28B-25.6M1.223.74N/AN/A226,913277,5383,108,5322,679,237
2018-10-10$38.11$34.0051.5%13.7%40.5%68.5%49.8%16.4%-3.4%126.2M-3.41B-26.6M0.935.64N/AN/A197,421183,1473,164,9012,836,918
2018-10-11$37.70$34.0048.7%13.1%39.8%61.7%47.3%15.0%-3.9%116.4M-2.87B-25.9M1.098.19N/AN/A124,147135,9053,196,1132,910,259
2018-10-12$38.38$34.0042.4%11.5%39.8%46.5%40.1%13.3%-3.5%141.0M-3.60B-24.7M0.914.23N/AN/A112,458101,9333,184,3772,920,941
2018-10-15$38.21$34.0040.6%11.4%39.6%42.3%40.9%10.5%-1.5%147.7M-3.39B-23.7M1.744.14N/AN/A97,557169,7883,112,7722,871,901
2018-10-16$39.34$35.0037.1%10.6%40.3%33.9%40.9%9.8%-1.6%186.3M-4.80B-23.6M0.984.18N/AN/A143,960141,0313,144,5272,931,949
2018-10-17$39.84$35.0037.7%10.8%40.1%35.2%38.8%9.6%-1.5%198.2M-5.39B-23.8M1.075.09N/AN/A85,70791,8683,177,2532,987,583
2018-10-18$38.92$35.0039.3%11.3%41.7%39.1%37.2%9.4%-1.6%163.8M-4.23B-23.9M0.684.95N/AN/A123,11483,8593,196,7733,007,051
2018-10-19$38.99$35.0040.1%11.6%41.4%41.0%37.8%9.4%-1.6%174.6M-4.36B-24.1M0.683.28N/AN/A163,827111,7983,267,4493,041,764
2018-10-22$39.87$35.0039.0%11.6%39.7%38.4%41.1%8.5%-1.0%160.9M-4.24B-24.0M0.993.95N/AN/A98,89697,7212,900,2352,658,964
2018-10-23$39.50$35.0040.0%12.0%40.3%40.9%41.8%9.4%-0.7%156.3M-3.86B-24.0M1.003.79N/AN/A121,776122,0352,932,0752,703,595
2018-10-24$38.56$35.0041.2%12.5%41.7%43.7%43.0%9.8%-0.4%128.7M-2.72B-23.9M1.313.78N/AN/A90,425118,6572,972,2432,735,989
2018-10-25$39.10$35.0041.5%12.7%41.6%44.4%43.0%10.0%-1.0%148.9M-3.37B-24.1M1.064.68N/AN/A117,361124,2382,994,4762,782,604
2018-10-26$39.89$35.0042.9%13.3%40.7%47.9%51.9%12.0%-1.2%171.3M-4.15B-24.7M1.975.49N/AN/A177,493348,8182,998,6972,858,145
2018-10-29$38.31$36.0042.5%12.3%44.1%46.8%43.4%8.8%-6.4%108.6M-2.17B-23.3M2.326.20N/AN/A145,467338,0032,983,0332,919,083
2018-10-30$40.30$36.0038.3%11.6%42.6%36.7%41.9%7.1%0.2%168.9M-4.48B-23.5M0.674.57N/AN/A219,961146,8723,013,1542,989,836
2018-10-31$40.25$36.0038.7%11.6%42.2%37.7%40.5%7.2%-0.7%178.3M-4.56B-24.2M1.164.59N/AN/A101,903118,0103,124,7233,079,930