EWZ Options History — May 2019

In May 2019, EWZ traded between $36.95 and $41.65. ATM implied volatility averaged 31.5%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 3.8% (HV 20d: 27.6%). Max pain ranged from $41.50 to $42.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.07.

Notable Days

  • 2019-05-31: Highest Volume — 481,556 contracts
  • 2019-05-13: Largest IV spike — 9.8% change
  • 2019-05-13: Highest IV Rank — 22.5%
  • 2019-05-13: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.75$36.95$41.65$40.78$41.65
Max Pain$41.98$41.50$42.00$42.00$42.00
ATM IV31.5%27.8%34.6%28.7%31.4%
Expected Move9.1%7.8%10.1%8.2%9.2%
HV 20d27.6%23.9%31.2%25.1%30.4%
HV 60d30.4%29.2%31.5%30.3%31.1%
IV Rank13.2%6.6%22.5%8.9%11.0%
IV Percentile39.9%6.3%66.3%9.5%40.5%
Term Structure0.1%-1.2%0.9%0.0%0.8%
VWIV31.4%28.1%34.2%30.3%34.1%
Skew 25d6.0%4.4%7.0%4.7%6.8%
Skew 10d10.3%8.6%11.5%8.6%11.5%
Call IV 25d28.5%25.5%31.8%26.6%28.4%
Put IV 25d34.4%30.0%37.8%31.3%35.2%
Bid-Ask Spread %5.522.0518.6811.612.50
Gamma HHI0.070.060.170.070.08
Net GEX-9.3M-80.8M54.8M22.8M54.8M
Net DEX1.13B-314.5M2.88B530.2M-314.5M
Net VEX-14.4M-16.3M-11.5M-16.3M-15.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.283.380.601.69
Total Volume155,296.557,860481,55657,860481,556
Total OI3,324,940.6363,066,4243,529,9453,245,3443,529,945

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$40.78$42.0028.7%8.2%25.1%8.9%30.3%4.7%0.0%22.8M530.2M-16.3M0.6011.61N/AN/A36,11821,7421,707,6351,537,709
2019-05-02$40.72$42.0028.8%8.2%24.8%9.1%29.7%4.4%0.1%16.1M638.2M-16.0M0.635.46N/AN/A44,49928,1621,717,7121,544,856
2019-05-03$41.20$42.0027.8%7.8%23.9%6.6%28.1%4.5%0.3%32.7M250.4M-16.2M1.412.05N/AN/A45,83164,6641,741,7031,557,572
2019-05-06$40.48$42.0029.6%8.8%24.5%11.1%30.7%5.3%0.2%829.8K838.7M-15.6M1.092.85N/AN/A38,49341,8111,684,9921,537,626
2019-05-07$39.93$42.0031.7%9.3%24.6%16.3%30.8%5.7%0.4%-13.1M1.15B-15.4M1.312.58N/AN/A59,50177,6991,712,8071,553,084
2019-05-08$41.03$42.0031.0%9.1%26.6%14.7%30.7%5.5%0.1%23.1M366.1M-16.2M0.5814.19N/AN/A67,71839,0671,731,9771,573,695
2019-05-09$40.43$42.0032.0%9.4%26.9%17.1%29.7%5.9%-0.1%2.3M813.0M-15.9M0.7413.38N/AN/A63,60247,2511,748,3621,574,717
2019-05-10$40.24$42.0031.5%9.3%25.9%15.9%30.0%5.7%0.1%-3.8M1.01B-15.3M1.4918.68N/AN/A50,60075,4681,762,9191,594,988
2019-05-13$38.76$42.0034.6%10.1%27.3%22.5%34.0%6.0%0.2%-39.7M1.90B-13.6M1.353.25N/AN/A75,120101,2911,750,5971,568,348
2019-05-14$39.02$42.0032.5%9.4%27.3%15.7%32.2%5.8%0.1%-55.8M1.91B-13.7M1.006.73N/AN/A108,579108,7341,777,3371,646,160
2019-05-15$38.57$42.0032.2%9.4%27.3%13.1%32.1%5.8%0.5%-63.0M2.17B-13.2M0.903.08N/AN/A64,98758,3581,826,6571,650,998
2019-05-16$37.56$42.0032.6%9.6%27.7%14.3%32.4%5.9%0.9%-67.4M2.63B-12.1M1.042.88N/AN/A57,74960,2061,852,2131,641,552
2019-05-17$36.95$42.0033.4%9.7%27.3%16.4%33.5%6.0%0.3%-80.8M2.88B-11.5M3.383.01N/AN/A52,484177,6011,877,5511,650,641
2019-05-20$37.84$42.0033.7%9.7%29.1%17.2%34.2%7.0%-0.2%-52.9M2.08B-12.4M0.622.52N/AN/A125,47077,5961,536,8091,529,615
2019-05-21$39.17$42.0032.2%9.3%31.2%13.3%31.7%6.6%-0.5%-23.2M1.34B-13.6M1.213.32N/AN/A100,232121,2581,592,7321,579,704
2019-05-22$39.36$42.0031.3%9.0%30.0%10.8%30.1%6.7%0.8%-17.4M1.25B-13.9M0.743.79N/AN/A77,84157,7081,628,2341,625,241
2019-05-23$39.07$42.0031.9%9.2%28.6%12.5%31.5%6.7%-0.2%-15.1M1.40B-13.9M0.962.63N/AN/A64,30761,9661,668,7181,626,308
2019-05-24$39.31$42.0031.2%8.9%28.7%10.5%29.5%6.5%0.6%-10.6M1.25B-13.9M0.932.58N/AN/A69,59764,3911,694,6871,641,928
2019-05-28$40.23$42.0031.8%9.2%30.1%12.1%31.8%6.4%-0.5%11.5M708.9M-14.1M0.686.10N/AN/A81,53155,6211,681,4181,597,558
2019-05-29$40.84$42.0030.8%9.0%30.6%9.5%30.6%6.7%-0.3%30.1M234.1M-14.6M0.282.70N/AN/A88,57825,1451,711,5281,621,380
2019-05-30$41.30$41.5031.7%9.0%30.3%11.7%32.4%6.6%-1.2%43.9M-149.5M-14.9M0.895.65N/AN/A103,68492,7071,732,4931,625,988
2019-05-31$41.65$42.0031.4%9.2%30.4%11.0%34.1%6.8%0.8%54.8M-314.5M-15.4M1.692.50N/AN/A178,920302,6361,820,4431,709,502