EWZ Options History — April 2019

In April 2019, EWZ traded between $39.93 and $42.58. ATM implied volatility averaged 29.8%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 4.6% (HV 20d: 34.4%). Max pain ranged from $42.00 to $42.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.09.

Notable Days

  • 2019-04-26: Highest Volume — 318,606 contracts
  • 2019-04-22: Largest IV spike — 6.8% change
  • 2019-04-03: Highest IV Rank — 16.2%
  • 2019-04-03: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.25$39.93$42.58$41.84$41.43
Max Pain$42.00$42.00$42.00$42.00$42.00
ATM IV29.8%28.1%31.5%31.0%28.3%
Expected Move8.5%8.1%8.9%8.8%8.1%
HV 20d34.4%24.5%39.3%39.3%24.5%
HV 60d30.2%29.7%30.8%30.2%30.2%
IV Rank11.8%7.5%16.2%14.9%7.8%
IV Percentile23.8%9.1%43.7%36.1%9.1%
Term Structure0.1%-0.6%0.9%0.1%0.1%
VWIV30.0%27.8%35.5%28.9%27.8%
Skew 25d5.2%4.4%5.9%5.8%4.6%
Skew 10d9.5%8.3%11.1%11.1%8.7%
Call IV 25d27.2%25.6%28.5%28.3%26.1%
Put IV 25d32.4%30.5%34.1%34.1%30.7%
Bid-Ask Spread %2.402.063.182.092.46
Gamma HHI0.070.060.130.060.06
Net GEX17.2M-49.6M76.8M31.0M35.4M
Net DEX191.3M-746.5M1.32B-160.8M30.0M
Net VEX-16.4M-17.5M-15.2M-17.4M-16.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.342.280.690.67
Total Volume145,742.66757,631318,606137,001168,874
Total OI3,217,995.6672,897,2423,718,2883,087,4233,139,374

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$41.84$42.0031.0%8.8%39.3%14.9%28.9%5.8%0.1%31.0M-160.8M-17.4M0.692.09N/AN/A81,08755,9141,637,3941,450,029
2019-04-02$41.69$42.0030.5%8.6%39.1%13.7%28.9%5.3%-0.3%29.6M-50.4M-16.9M1.832.25N/AN/A55,078100,6201,648,3611,436,643
2019-04-03$41.20$42.0031.5%8.9%38.1%16.2%31.0%5.9%-0.3%10.8M349.3M-16.7M0.572.34N/AN/A120,69269,2411,660,2761,477,052
2019-04-04$42.08$42.0030.3%8.7%38.6%13.1%29.5%5.8%-0.1%41.3M-312.1M-17.4M0.822.38N/AN/A82,06867,5441,706,2141,519,712
2019-04-05$42.28$42.0029.0%8.5%38.4%9.9%31.0%5.4%-0.2%59.0M-537.6M-17.5M0.992.08N/AN/A46,57246,1141,751,2871,521,357
2019-04-08$42.58$42.0029.1%8.2%36.5%10.0%30.5%5.0%-0.4%76.8M-746.5M-17.2M1.382.07N/AN/A24,17433,4571,739,2521,473,065
2019-04-09$42.11$42.0029.0%8.4%36.6%9.8%29.9%5.3%0.2%52.9M-341.9M-16.8M1.022.18N/AN/A32,62733,1191,758,2891,486,661
2019-04-10$42.36$42.0028.1%8.2%36.3%7.5%27.8%4.9%0.9%67.1M-534.2M-16.7M0.582.06N/AN/A63,16036,6311,771,0771,500,727
2019-04-11$41.44$42.0029.1%8.5%36.7%10.0%29.7%4.9%0.5%8.8M269.4M-16.1M1.042.54N/AN/A47,15349,0001,797,6201,515,662
2019-04-12$40.27$42.0030.9%8.9%37.6%14.8%30.4%5.5%0.3%-30.9M1.16B-15.2M1.062.19N/AN/A154,364163,3911,812,9681,540,490
2019-04-15$40.57$42.0030.5%8.7%37.1%13.6%30.4%5.2%0.6%-26.2M837.6M-16.1M0.582.23N/AN/A59,74034,6261,895,0741,598,845
2019-04-16$40.84$42.0029.6%8.5%37.3%11.5%30.2%5.1%-0.1%-8.9M578.7M-16.4M1.182.42N/AN/A61,35572,2341,958,3491,610,437
2019-04-17$39.93$42.0030.5%8.8%37.7%13.7%35.5%5.5%0.0%-49.6M1.32B-15.5M2.282.25N/AN/A88,726202,2521,968,2811,631,377
2019-04-18$40.51$42.0028.8%8.2%36.9%9.3%29.5%5.0%0.9%-45.8M891.3M-16.0M1.412.49N/AN/A57,20780,8961,998,7831,719,505
2019-04-22$40.43$42.0030.7%8.7%30.2%13.9%32.8%5.6%-0.6%4.6M425.9M-15.9M0.943.18N/AN/A34,81832,7971,525,8781,371,364
2019-04-23$41.16$42.0029.8%8.5%30.5%11.6%28.7%5.3%0.3%20.2M29.4M-16.2M0.662.74N/AN/A64,64342,4831,515,4181,395,736
2019-04-24$40.12$42.0030.9%8.8%31.7%14.3%31.9%5.0%-0.0%-6.6M660.5M-15.5M2.012.69N/AN/A34,99170,2931,547,7141,398,623
2019-04-25$41.09$42.0029.4%8.3%28.2%10.5%28.0%4.7%-0.3%24.3M66.4M-16.0M0.342.69N/AN/A152,07350,9871,550,7041,425,222
2019-04-26$41.22$42.0029.2%8.3%25.9%10.0%28.8%4.4%-0.1%36.2M-98.6M-16.1M0.972.73N/AN/A162,116156,4901,595,6091,428,818
2019-04-29$41.17$42.0029.4%8.4%25.9%10.7%29.4%4.8%0.2%32.0M175.0M-16.5M1.922.36N/AN/A24,28346,7061,624,8561,473,806
2019-04-30$41.43$42.0028.3%8.1%24.5%7.8%27.8%4.6%0.1%35.4M30.0M-16.6M0.672.46N/AN/A101,10167,7731,637,2291,502,145