EWZ Options History — July 2019

In July 2019, EWZ traded between $43.44 and $46.85. ATM implied volatility averaged 27.6%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 6.6% (HV 20d: 21.0%). Max pain ranged from $42.50 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2019-07-10: Highest Volume — 385,603 contracts
  • 2019-07-10: Largest IV drop — 7.1% change
  • 2019-07-02: Highest IV Rank — 10.4%
  • 2019-07-02: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.51$43.44$46.85$43.90$44.59
Max Pain$44.52$42.50$45.00$42.50$45.00
ATM IV27.6%24.6%31.2%30.4%28.4%
Expected Move8.0%7.0%9.3%9.0%8.5%
HV 20d21.0%17.6%23.5%23.1%19.3%
HV 60d25.0%24.0%26.4%25.6%24.0%
IV Rank4.6%0.0%10.4%8.5%9.5%
IV Percentile8.9%0.0%39.7%25.8%10.7%
Term Structure-0.1%-0.6%0.7%-0.1%-0.4%
VWIV27.9%24.9%32.0%31.7%30.0%
Skew 25d5.4%4.7%6.7%5.7%5.6%
Skew 10d9.9%8.7%12.6%10.6%9.7%
Call IV 25d24.9%22.5%28.6%27.7%25.5%
Put IV 25d30.4%27.2%34.3%33.4%31.1%
Bid-Ask Spread %2.832.006.192.006.19
Gamma HHI0.100.070.140.070.09
Net GEX113.6M31.3M262.8M60.9M54.4M
Net DEX-2.10B-3.81B-707.4M-1.13B-707.4M
Net VEX-17.0M-17.6M-16.2M-16.2M-16.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.292.042.041.16
Total Volume174,883.550,381385,60393,214125,340
Total OI3,105,963.7272,674,0543,535,5452,674,0543,124,519

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$43.90$42.5030.4%9.0%23.1%8.5%31.7%5.7%-0.1%60.9M-1.13B-16.2M2.042.00N/AN/A30,68462,5301,353,8291,320,225
2019-07-02$43.44$43.0031.2%9.3%23.2%10.4%31.7%5.7%-0.4%41.4M-794.7M-16.4M0.652.71N/AN/A71,31646,6311,401,9011,364,342
2019-07-03$43.86$43.0030.7%9.2%21.7%9.1%32.0%5.7%-0.3%61.0M-1.10B-16.7M0.293.32N/AN/A103,18830,0211,434,1331,394,578
2019-07-05$45.23$44.0029.7%8.5%23.5%6.4%28.7%5.6%0.1%108.3M-2.33B-16.6M0.362.62N/AN/A190,53768,2601,511,0771,405,723
2019-07-08$45.60$44.0030.0%8.4%23.5%7.4%29.6%6.7%-0.6%120.9M-2.46B-16.8M0.412.46N/AN/A125,00451,6331,529,8551,369,344
2019-07-09$45.89$44.0029.7%8.4%23.2%6.4%29.4%6.6%-0.3%163.6M-2.83B-16.9M0.912.84N/AN/A123,725113,0731,638,3931,405,699
2019-07-10$46.85$44.0027.6%7.8%23.1%0.7%27.2%6.0%-0.1%199.2M-3.81B-16.6M0.733.91N/AN/A222,460163,1431,692,0721,469,360
2019-07-11$46.55$45.0026.5%7.5%22.6%0.0%28.3%5.3%-0.5%262.8M-3.65B-17.1M1.833.38N/AN/A87,786160,7171,786,4981,563,833
2019-07-12$46.27$45.0026.8%7.8%22.9%0.8%27.8%5.4%0.7%165.4M-3.18B-17.3M0.892.89N/AN/A87,70478,1331,806,9791,634,908
2019-07-15$45.86$45.0026.1%7.5%21.6%0.0%25.8%5.2%-0.3%153.0M-2.61B-16.8M0.572.76N/AN/A94,90253,8761,672,3181,550,356
2019-07-16$45.75$45.0025.9%7.4%20.9%0.0%25.1%5.2%0.3%149.5M-2.46B-16.7M0.682.48N/AN/A106,73573,0541,677,0061,568,691
2019-07-17$46.02$45.0025.9%7.4%19.6%0.0%25.3%4.8%-0.1%164.8M-2.80B-16.8M0.532.46N/AN/A161,55786,2891,708,1931,598,891
2019-07-18$46.68$45.0024.6%7.0%19.6%0.0%24.9%4.7%0.6%204.4M-3.54B-16.9M0.812.58N/AN/A118,91396,8051,776,3661,627,670
2019-07-19$45.92$45.0025.6%7.4%20.0%2.5%26.6%5.2%0.0%130.1M-2.64B-17.6M1.782.23N/AN/A73,657131,3351,806,3051,729,240
2019-07-22$46.12$45.0026.4%7.6%20.0%4.4%26.3%5.1%-0.2%93.2M-1.93B-17.4M1.262.20N/AN/A22,25128,1301,499,4571,471,826
2019-07-23$45.76$45.0026.8%7.7%20.3%5.4%27.5%5.1%-0.3%70.7M-1.60B-17.4M0.632.80N/AN/A79,61350,2181,498,1851,491,398
2019-07-24$45.89$45.0026.3%7.6%17.6%4.1%26.2%5.3%-0.1%80.8M-1.73B-17.4M0.632.26N/AN/A91,98858,3751,529,4391,518,637
2019-07-25$45.14$45.0027.4%7.9%18.8%7.0%26.1%5.3%-0.3%35.0M-1.06B-17.5M0.392.35N/AN/A155,66660,3291,567,4601,542,223
2019-07-26$45.42$45.0026.1%7.6%18.9%3.8%26.4%5.0%-0.0%31.3M-1.32B-17.1M0.803.33N/AN/A86,81869,2841,561,0931,567,517
2019-07-29$45.41$45.0027.0%8.0%18.9%5.8%28.2%5.2%-0.3%77.7M-1.36B-17.4M1.202.18N/AN/A50,68560,6841,560,7741,512,982
2019-07-30$45.16$45.0027.9%8.3%19.1%8.2%27.9%5.3%-0.6%71.3M-1.16B-17.1M0.552.24N/AN/A60,73133,6571,564,2261,523,681
2019-07-31$44.59$45.0028.4%8.5%19.3%9.5%30.0%5.6%-0.4%54.4M-707.4M-16.9M1.166.19N/AN/A58,04167,2991,597,7951,526,724