EWZ Options History — November 2018

In November 2018, EWZ traded between $37.43 and $41.55. ATM implied volatility averaged 35.8%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 0.6% (HV 20d: 36.4%). Max pain ranged from $36.00 to $37.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.19.

Notable Days

2018-11-02: Highest Volume — 372,419 contracts
2018-11-20: Largest IV spike — 8.2% change
2018-11-20: Highest IV Rank — 35.6%
2018-11-01: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.60	$37.43	$41.55	$41.01	$39.70
Max Pain	$36.10	$36.00	$37.00	$36.00	$37.00
ATM IV	35.8%	33.0%	37.8%	37.6%	33.0%
Expected Move	10.6%	9.9%	11.3%	11.3%	10.2%
HV 20d	36.4%	32.7%	42.5%	42.4%	32.7%
HV 60d	38.4%	37.1%	39.8%	39.8%	37.1%
IV Rank	30.7%	23.8%	35.6%	35.0%	23.9%
IV Percentile	72.3%	59.9%	79.8%	79.4%	59.9%
Term Structure	-0.4%	-2.4%	1.8%	0.3%	-0.5%
VWIV	37.6%	33.4%	41.6%	37.9%	33.4%
Skew 25d	6.3%	4.6%	7.6%	7.1%	5.6%
Skew 10d	12.1%	9.5%	14.9%	14.1%	10.2%
Call IV 25d	32.9%	30.4%	34.7%	34.3%	30.4%
Put IV 25d	39.2%	35.8%	41.4%	41.4%	36.0%
Bid-Ask Spread %	3.84	2.84	7.09	5.64	3.09
Gamma HHI	0.08	0.07	0.12	0.09	0.08
Net GEX	122.2M	23.3M	210.8M	209.0M	91.6M
Net DEX	-2.72B	-6.28B	142.2M	-5.56B	-1.86B
Net VEX	-19.8M	-23.6M	-16.4M	-23.6M	-16.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.19	0.38	2.82	0.61	0.38
Total Volume	213,914.238	61,824	372,419	308,327	161,132
Total OI	5,275,200.571	4,145,233	6,371,450	6,232,456	4,362,905

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-11-01	$41.01	$36.00	37.6%	11.3%	42.4%	35.0%	37.9%	7.1%	0.3%	209.0M	-5.56B	-23.6M	0.61	5.64	N/A	N/A	191,153	117,174	3,139,267	3,093,189
2018-11-02	$41.55	$36.00	37.3%	11.1%	42.5%	34.2%	41.6%	7.6%	0.1%	210.8M	-6.28B	-23.6M	1.45	4.41	N/A	N/A	152,287	220,132	3,217,434	3,154,016
2018-11-05	$41.22	$36.00	37.5%	11.1%	36.9%	34.7%	38.9%	7.1%	-0.1%	202.9M	-5.46B	-23.3M	2.82	4.17	N/A	N/A	65,440	184,359	3,114,616	2,822,459
2018-11-06	$40.35	$36.00	37.3%	11.1%	37.6%	34.3%	39.3%	7.0%	0.1%	189.1M	-4.35B	-23.1M	1.66	2.93	N/A	N/A	127,047	211,493	3,134,903	2,836,729
2018-11-07	$40.26	$36.00	35.8%	10.8%	34.3%	30.8%	36.7%	6.9%	-0.0%	196.0M	-4.26B	-22.4M	1.50	3.04	N/A	N/A	85,044	127,868	3,162,344	2,880,935
2018-11-08	$39.02	$36.00	37.0%	10.9%	36.1%	33.6%	37.4%	5.8%	-0.0%	141.3M	-2.57B	-21.8M	1.02	3.16	N/A	N/A	86,853	88,368	3,172,023	2,889,484
2018-11-09	$39.55	$36.00	36.6%	10.5%	35.9%	32.5%	38.1%	6.1%	0.1%	178.6M	-3.25B	-21.7M	0.85	3.49	N/A	N/A	112,902	95,926	3,195,012	2,920,222
2018-11-12	$38.90	$36.00	36.8%	10.8%	36.4%	33.2%	37.1%	6.1%	0.6%	136.2M	-2.38B	-20.3M	0.74	3.05	N/A	N/A	81,380	59,882	3,084,364	2,812,876
2018-11-13	$38.28	$36.00	36.2%	10.7%	35.2%	31.6%	36.3%	6.2%	1.3%	99.1M	-1.49B	-19.6M	1.01	3.85	N/A	N/A	177,432	179,130	3,070,615	2,828,209
2018-11-14	$38.90	$36.00	35.4%	10.4%	35.4%	29.7%	39.5%	5.8%	0.9%	96.2M	-2.27B	-19.6M	1.16	3.19	N/A	N/A	138,873	161,758	3,062,405	2,924,858
2018-11-15	$39.95	$36.00	34.7%	10.2%	35.7%	27.9%	36.6%	5.4%	0.9%	154.0M	-3.49B	-19.7M	1.01	7.09	N/A	N/A	103,600	104,752	3,034,160	2,979,420
2018-11-16	$40.45	$36.00	33.5%	9.9%	36.0%	25.1%	34.8%	4.6%	1.8%	131.9M	-4.17B	-18.9M	0.65	3.60	N/A	N/A	151,398	98,385	2,985,460	2,952,680
2018-11-19	$39.90	$36.00	35.0%	10.1%	35.5%	28.7%	37.2%	5.9%	-1.8%	80.5M	-1.87B	-18.3M	0.89	3.34	N/A	N/A	75,095	67,027	2,104,044	2,049,959
2018-11-20	$38.70	$36.00	37.8%	10.9%	37.0%	35.6%	37.6%	6.5%	-1.9%	47.3M	-881.9M	-18.2M	1.11	5.17	N/A	N/A	65,394	72,565	2,124,330	2,067,117
2018-11-21	$39.28	$36.00	35.4%	10.1%	36.4%	29.6%	38.0%	6.3%	-1.5%	65.8M	-1.37B	-18.1M	2.21	2.98	N/A	N/A	36,682	80,931	2,144,529	2,076,068
2018-11-23	$38.70	$36.00	36.2%	10.6%	36.4%	31.7%	38.5%	6.5%	-2.4%	44.3M	-874.1M	-17.5M	0.68	5.26	N/A	N/A	36,817	25,007	2,152,080	2,096,146
2018-11-26	$37.43	$36.00	36.9%	11.2%	37.4%	33.2%	38.2%	6.3%	-1.7%	23.3M	142.2M	-16.5M	0.62	3.78	N/A	N/A	110,834	68,602	2,101,723	2,043,510
2018-11-27	$38.89	$36.00	35.0%	10.7%	37.4%	28.8%	36.5%	6.7%	-1.2%	65.8M	-1.09B	-16.9M	1.03	3.22	N/A	N/A	149,344	153,129	2,148,799	2,070,264
2018-11-28	$39.71	$37.00	34.2%	10.5%	33.4%	26.9%	37.1%	6.5%	-1.0%	96.0M	-1.74B	-18.9M	1.50	2.84	N/A	N/A	65,676	98,695	2,225,588	2,223,051
2018-11-29	$39.91	$36.00	33.0%	10.3%	33.5%	23.8%	38.5%	6.2%	-1.4%	106.4M	-2.08B	-16.7M	2.01	3.27	N/A	N/A	34,054	68,579	2,207,569	2,113,850
2018-11-30	$39.70	$37.00	33.0%	10.2%	32.7%	23.9%	33.4%	5.6%	-0.5%	91.6M	-1.86B	-16.4M	0.38	3.09	N/A	N/A	116,764	44,368	2,210,482	2,152,423