EWZ Options History — June 2019

In June 2019, EWZ traded between $41.58 and $44.42. ATM implied volatility averaged 31.0%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 5.4% (HV 20d: 25.5%). Max pain ranged from $39.50 to $42.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.00.

Notable Days

  • 2019-06-14: Highest Volume — 619,668 contracts
  • 2019-06-25: Largest IV spike — 8.2% change
  • 2019-06-17: Highest IV Rank — 14.9%
  • 2019-06-05: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.98$41.58$44.42$41.97$43.75
Max Pain$41.45$39.50$42.50$42.00$42.50
ATM IV31.0%29.0%32.9%31.9%30.6%
Expected Move9.0%8.4%9.7%9.4%9.1%
HV 20d25.5%22.0%30.4%30.3%23.2%
HV 60d29.0%25.9%31.0%31.0%26.0%
IV Rank9.9%4.7%14.9%12.5%9.0%
IV Percentile33.0%8.7%55.2%45.6%30.2%
Term Structure-0.1%-0.6%0.5%-0.0%-0.1%
VWIV31.2%28.1%34.1%31.4%31.3%
Skew 25d5.7%4.9%6.6%6.6%5.6%
Skew 10d10.3%8.7%11.9%11.9%9.9%
Call IV 25d28.4%26.4%30.1%29.1%27.7%
Put IV 25d34.1%31.3%36.3%35.7%33.3%
Bid-Ask Spread %2.952.314.304.302.62
Gamma HHI0.100.070.200.080.07
Net GEX102.6M24.7M235.2M58.7M67.5M
Net DEX-873.8M-2.50B689.6M-279.8M-1.22B
Net VEX-14.8M-16.2M-13.8M-15.8M-15.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.253.131.181.05
Total Volume226,568.7109,693619,668117,299312,936
Total OI3,657,430.952,223,2624,431,8913,710,1522,700,991

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$41.97$42.0031.9%9.4%30.3%12.5%31.4%6.6%-0.0%58.7M-279.8M-15.8M1.184.30N/AN/A53,69863,6011,888,0801,822,072
2019-06-04$42.50$42.0031.7%9.2%29.7%12.0%31.5%6.3%-0.1%79.0M-750.1M-16.2M0.303.52N/AN/A202,90961,7911,924,8981,880,943
2019-06-05$41.58$42.0032.8%9.7%30.4%14.7%34.1%6.2%-0.5%24.7M314.2M-15.4M0.984.02N/AN/A109,074106,6591,876,5551,894,532
2019-06-06$42.25$39.5031.7%9.0%29.4%11.9%30.3%6.3%-0.1%59.7M-293.5M-15.5M0.512.78N/AN/A80,07840,5611,925,5671,949,767
2019-06-07$42.57$39.5030.4%8.7%28.9%8.4%28.7%5.8%0.0%97.1M-662.9M-15.5M1.812.64N/AN/A101,492183,3501,950,5171,967,107
2019-06-10$42.31$39.5030.6%8.9%28.9%9.0%30.2%5.8%0.5%72.2M-380.4M-14.8M3.133.36N/AN/A41,428129,6381,986,5351,980,123
2019-06-11$43.26$39.5030.3%8.7%25.5%8.0%31.9%5.8%0.1%160.8M-1.47B-15.3M0.653.41N/AN/A133,20686,5092,069,4472,066,826
2019-06-12$42.74$40.0030.7%8.9%26.3%9.2%31.4%5.7%0.4%132.2M-846.6M-15.0M0.723.82N/AN/A153,916110,4482,125,0742,094,881
2019-06-13$43.14$41.0030.7%8.8%25.6%9.1%31.5%5.5%0.2%222.4M-1.24B-15.1M0.712.94N/AN/A69,82049,5522,257,5012,158,871
2019-06-14$42.28$41.5031.5%9.1%24.6%11.4%33.1%5.9%0.0%84.2M-109.0M-14.6M0.253.21N/AN/A494,471125,1972,271,4302,160,461
2019-06-17$41.75$42.0032.9%9.4%24.2%14.9%33.1%5.9%-0.1%28.8M689.6M-13.9M0.632.40N/AN/A132,14883,5742,020,3172,149,114
2019-06-18$42.77$42.0031.6%9.1%24.3%11.6%31.7%5.5%-0.4%206.9M-794.8M-14.1M0.712.55N/AN/A94,20566,8992,084,8142,105,494
2019-06-19$43.33$42.0029.9%8.6%22.0%7.0%31.1%5.3%-0.4%160.9M-1.18B-13.8M1.202.33N/AN/A60,52772,7021,858,9952,142,410
2019-06-20$44.16$42.0029.3%8.4%22.6%5.3%28.1%4.9%-0.5%235.2M-2.16B-13.8M0.402.31N/AN/A221,44788,3561,891,6942,177,350
2019-06-21$44.42$42.0029.0%8.4%22.0%4.7%28.8%4.9%-0.6%104.6M-2.50B-13.8M0.662.36N/AN/A136,37589,4031,954,4602,214,469
2019-06-24$44.35$42.5029.6%8.6%22.2%6.4%30.2%5.7%-0.1%72.0M-1.52B-14.0M1.332.86N/AN/A47,12862,5651,126,3221,096,940
2019-06-25$43.24$42.5032.1%9.5%23.9%12.9%31.7%5.9%-0.4%53.2M-917.7M-14.2M0.912.39N/AN/A94,11085,2861,169,0521,143,473
2019-06-26$43.48$42.5030.8%9.1%23.5%9.5%32.4%5.5%-0.2%62.2M-1.05B-14.6M1.742.65N/AN/A97,916170,6721,239,1871,212,575
2019-06-27$43.66$42.5030.8%9.1%23.3%9.5%31.0%5.7%-0.1%69.4M-1.12B-15.3M1.082.57N/AN/A104,481113,2461,288,4131,321,362
2019-06-28$43.75$42.5030.6%9.1%23.2%9.0%31.3%5.6%-0.1%67.5M-1.22B-15.6M1.052.62N/AN/A152,372160,5641,339,2771,361,714