EWZ Options History — February 2019

In February 2019, EWZ traded between $42.47 and $45.34. ATM implied volatility averaged 29.9%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 3.2% (HV 20d: 26.7%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.95.

Notable Days

  • 2019-02-21: Highest Volume — 363,262 contracts
  • 2019-02-06: Largest IV spike — 9.4% change
  • 2019-02-06: Highest IV Rank — 17.4%
  • 2019-02-06: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.90$42.47$45.34$45.34$43.08
Max Pain$41.53$40.00$42.00$40.00$42.00
ATM IV29.9%28.0%32.0%29.1%29.0%
Expected Move8.5%7.8%9.2%8.4%8.2%
HV 20d26.7%21.4%29.9%23.1%26.0%
HV 60d29.5%27.6%30.5%30.2%28.1%
IV Rank12.1%7.4%17.4%10.2%9.8%
IV Percentile28.5%13.5%47.2%21.8%18.7%
Term Structure0.2%-0.5%0.7%0.3%0.3%
VWIV29.8%27.0%32.7%29.6%28.5%
Skew 25d5.1%4.1%7.1%5.8%4.4%
Skew 10d9.6%8.0%12.7%11.4%8.0%
Call IV 25d27.5%25.8%29.1%26.7%26.6%
Put IV 25d32.6%30.3%35.6%32.5%31.1%
Bid-Ask Spread %2.281.483.463.271.48
Gamma HHI0.130.090.160.160.09
Net GEX110.5M57.5M174.4M119.7M57.5M
Net DEX-1.55B-2.71B-424.4M-2.71B-693.2M
Net VEX-16.1M-17.5M-14.9M-15.1M-16.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.322.712.711.48
Total Volume166,118.73749,751363,262201,785124,038
Total OI2,843,077.1052,591,6023,154,8122,614,8272,918,302

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$45.34$40.0029.1%8.4%23.1%10.2%29.6%5.8%0.3%119.7M-2.71B-15.1M2.713.27N/AN/A54,351147,4341,311,8751,302,952
2019-02-04$45.34$40.0029.4%8.5%22.1%11.0%29.0%5.7%0.4%128.2M-2.65B-14.9M0.872.93N/AN/A70,92261,9861,309,7311,281,871
2019-02-05$45.23$40.0029.2%8.5%21.4%10.4%31.6%7.1%0.7%131.2M-2.56B-15.4M0.352.57N/AN/A125,57743,8861,337,8021,335,374
2019-02-06$43.38$41.0032.0%9.2%26.8%17.4%31.5%6.5%-0.1%88.3M-1.16B-15.9M0.873.46N/AN/A124,743108,1871,374,0741,363,816
2019-02-07$43.05$41.0031.0%9.0%25.6%15.0%32.7%5.9%0.3%83.3M-926.0M-16.1M0.722.21N/AN/A142,090102,1451,454,0461,411,472
2019-02-08$43.09$41.0030.6%8.7%25.6%13.8%29.7%5.6%-0.5%89.5M-1.00B-16.5M0.751.91N/AN/A149,347112,1531,512,3241,454,056
2019-02-11$42.47$42.0031.2%9.0%26.1%15.5%30.8%5.8%0.2%70.3M-424.4M-17.5M0.842.52N/AN/A51,63343,4741,534,8361,489,747
2019-02-12$43.66$42.0031.1%8.9%27.9%15.0%31.4%5.2%-0.2%128.4M-1.53B-16.0M0.322.11N/AN/A130,02741,3011,536,3201,421,014
2019-02-13$43.05$42.0030.2%8.7%28.3%13.0%29.7%4.9%0.1%111.1M-1.03B-16.0M0.812.62N/AN/A80,89265,1391,596,2741,428,184
2019-02-14$44.25$42.0030.3%8.7%29.9%13.2%30.0%4.5%-0.2%174.4M-2.11B-16.6M0.851.94N/AN/A117,33199,3961,629,0771,449,404
2019-02-15$44.42$42.0029.5%8.4%29.8%11.0%29.4%4.4%0.1%159.9M-2.35B-16.5M1.031.96N/AN/A66,80869,0301,663,2561,491,556
2019-02-19$44.26$42.0030.7%8.8%29.8%14.2%31.8%4.6%0.2%114.2M-1.74B-16.0M0.742.28N/AN/A63,91747,3711,407,8031,209,764
2019-02-20$43.73$42.0030.6%8.7%28.5%14.0%29.5%4.7%-0.5%103.0M-1.33B-16.0M0.762.23N/AN/A75,66157,5691,443,2091,245,273
2019-02-21$43.35$42.0029.9%8.4%27.2%12.1%29.2%4.9%0.7%85.5M-982.4M-15.8M0.512.43N/AN/A240,660122,6021,444,0731,266,600
2019-02-22$44.16$42.0028.6%8.0%27.8%8.9%28.5%4.1%0.2%132.6M-1.66B-16.9M0.742.01N/AN/A110,95582,4941,537,5911,329,226
2019-02-25$43.95$42.0028.8%8.1%27.8%9.3%29.8%4.2%0.5%99.9M-1.44B-16.5M1.532.01N/AN/A27,51242,0871,497,7691,314,918
2019-02-26$44.14$42.0028.2%7.8%26.8%7.9%27.0%4.2%0.6%109.7M-1.57B-16.4M1.361.62N/AN/A21,07628,6751,513,1881,335,610
2019-02-27$44.17$42.0028.0%7.8%26.4%7.4%27.5%4.5%0.4%112.3M-1.58B-16.3M0.891.75N/AN/A54,85348,9341,516,1771,349,901
2019-02-28$43.08$42.0029.0%8.2%26.0%9.8%28.5%4.4%0.3%57.5M-693.2M-16.0M1.481.48N/AN/A49,98474,0541,549,9471,368,355