EWZ Options History — March 2019

In March 2019, EWZ traded between $39.50 and $44.40. ATM implied volatility averaged 30.5%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 2.0% (HV 20d: 28.5%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.97.

Notable Days

  • 2019-03-28: Highest Volume — 436,593 contracts
  • 2019-03-22: Largest IV spike — 20.0% change
  • 2019-03-27: Highest IV Rank — 28.3%
  • 2019-03-27: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.34$39.50$44.40$42.41$40.88
Max Pain$42.43$41.00$43.00$42.00$42.00
ATM IV30.5%27.3%36.3%29.1%33.4%
Expected Move8.7%7.9%10.1%8.1%9.3%
HV 20d28.5%23.8%38.5%25.8%38.3%
HV 60d28.6%26.7%32.1%28.2%29.9%
IV Rank13.6%5.5%28.3%10.2%20.9%
IV Percentile32.8%8.3%73.0%19.0%58.7%
Term Structure-0.3%-1.7%0.3%0.1%0.3%
VWIV30.0%26.1%34.6%28.4%32.2%
Skew 25d5.0%4.1%7.0%4.1%6.2%
Skew 10d9.2%7.4%13.4%7.4%11.1%
Call IV 25d28.1%25.1%33.5%27.1%30.6%
Put IV 25d33.1%29.5%40.5%31.2%36.7%
Bid-Ask Spread %2.551.693.331.892.44
Gamma HHI0.080.050.130.080.05
Net GEX35.7M-35.7M138.8M30.7M-2.2M
Net DEX-186.1M-1.59B1.39B-194.9M575.9M
Net VEX-15.5M-17.2M-14.5M-15.7M-17.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.411.840.640.97
Total Volume195,112.90530,164436,593193,694198,617
Total OI2,952,193.4292,315,6293,326,0412,991,1613,291,380

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$42.41$42.0029.1%8.1%25.8%10.2%28.4%4.1%0.1%30.7M-194.9M-15.7M0.641.89N/AN/A117,86375,8311,598,5421,392,619
2019-03-04$42.35$42.0029.9%8.4%25.8%12.3%29.4%4.7%-0.2%36.3M-202.7M-15.4M1.061.74N/AN/A29,41831,2221,583,4511,382,914
2019-03-05$42.75$42.0029.4%8.2%26.2%10.9%27.9%4.4%-0.0%61.6M-520.0M-15.7M1.051.83N/AN/A14,74115,4231,641,0731,392,406
2019-03-06$41.61$42.0031.4%9.1%27.5%15.9%31.3%4.5%-0.2%14.0M308.9M-14.9M1.181.93N/AN/A59,54370,5241,658,2661,396,701
2019-03-07$41.12$42.0031.3%9.4%23.9%15.7%32.3%5.4%0.3%-7.8M683.5M-14.5M1.841.69N/AN/A74,561137,0001,682,1521,435,337
2019-03-08$41.66$42.0030.5%8.9%24.5%13.7%31.3%4.5%-0.1%4.9M287.3M-15.0M1.692.10N/AN/A99,827168,5681,716,5101,518,477
2019-03-11$43.09$43.0029.1%8.5%27.5%10.0%30.4%4.2%0.0%95.0M-947.7M-15.6M0.522.94N/AN/A130,59568,1321,725,4251,527,186
2019-03-12$43.38$43.0027.8%8.4%27.0%6.9%26.1%4.1%-0.0%102.6M-1.12B-15.5M0.412.77N/AN/A97,27339,5121,700,2701,543,285
2019-03-13$43.91$43.0027.4%8.0%25.5%5.7%29.7%4.3%0.1%138.8M-1.59B-15.6M0.642.87N/AN/A84,85354,2451,727,3431,559,629
2019-03-14$43.24$43.0027.7%8.1%25.6%6.5%27.1%4.2%-0.2%77.4M-897.1M-15.2M0.782.99N/AN/A69,13453,8421,727,3721,584,755
2019-03-15$43.65$43.0027.3%7.9%23.8%5.5%29.1%4.5%-0.0%57.0M-1.25B-15.2M0.773.23N/AN/A102,93379,6291,730,2421,595,799
2019-03-18$44.39$43.0027.4%8.1%24.6%5.8%28.1%4.6%-0.5%76.2M-1.07B-15.6M1.642.33N/AN/A30,06749,4301,192,9251,122,704
2019-03-19$44.30$43.0027.5%8.1%24.6%5.9%27.4%4.7%-0.4%70.5M-984.7M-15.7M1.012.66N/AN/A61,96662,5611,203,0121,154,036
2019-03-20$44.40$43.0027.9%8.2%24.2%7.1%28.7%4.6%-0.3%71.9M-1.06B-15.9M0.622.93N/AN/A102,77963,6361,234,7441,173,881
2019-03-21$42.98$43.0030.0%8.5%26.7%12.5%28.0%5.5%-1.0%20.4M-215.4M-15.8M1.063.25N/AN/A169,906180,4421,298,5361,205,466
2019-03-22$40.48$43.0036.1%9.8%33.1%27.8%34.1%7.0%-1.7%-27.7M1.11B-15.1M1.703.33N/AN/A116,016196,7991,400,6991,306,378
2019-03-25$40.98$42.0034.5%9.5%33.6%23.9%30.9%5.6%-0.1%-19.6M734.7M-15.5M0.802.74N/AN/A135,891109,2021,407,0791,327,888
2019-03-26$41.36$42.0031.8%9.1%33.8%17.0%30.8%5.3%-0.1%-4.5M389.0M-15.9M0.612.55N/AN/A107,81065,3701,524,4161,350,962
2019-03-27$39.50$42.0036.3%10.1%37.0%28.3%34.6%5.5%-1.1%-35.7M1.39B-14.5M0.672.80N/AN/A200,512135,1051,564,7191,358,341
2019-03-28$40.78$41.0033.9%9.4%38.5%22.3%32.0%6.3%-0.4%-10.3M663.3M-15.9M0.672.46N/AN/A261,458175,1351,625,5931,433,549
2019-03-29$40.88$42.0033.4%9.3%38.3%20.9%32.2%6.2%0.3%-2.2M575.9M-17.2M0.972.44N/AN/A100,83497,7831,764,3861,526,994