EWZ Options History — August 2019

In August 2019, EWZ traded between $38.75 and $44.25. ATM implied volatility averaged 32.1%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 4.4% (HV 20d: 27.7%). Max pain ranged from $42.00 to $45.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.83.

Notable Days

  • 2019-08-01: Highest Volume — 335,408 contracts
  • 2019-08-05: Largest IV spike — 16.7% change
  • 2019-08-26: Highest IV Rank — 30.4%
  • 2019-08-26: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.75$38.75$44.25$44.19$40.92
Max Pain$43.14$42.00$45.00$45.00$42.00
ATM IV32.1%28.3%36.8%29.8%29.9%
Expected Move9.3%8.3%10.8%9.2%8.7%
HV 20d27.7%15.7%35.9%19.3%35.9%
HV 60d25.1%23.4%26.5%23.9%26.3%
IV Rank18.7%9.2%30.4%13.0%13.1%
IV Percentile49.5%10.3%77.8%25.8%27.8%
Term Structure-0.2%-1.5%1.0%-0.9%0.8%
VWIV31.5%26.6%35.5%29.3%29.9%
Skew 25d6.5%5.2%7.4%5.8%5.8%
Skew 10d11.6%9.3%14.1%10.2%10.2%
Call IV 25d28.8%24.9%33.2%26.6%26.7%
Put IV 25d35.3%31.0%39.6%32.5%32.5%
Bid-Ask Spread %3.662.0517.3217.323.43
Gamma HHI0.070.060.120.080.06
Net GEX160.2K-46.2M75.0M14.4M9.3M
Net DEX739.5M-976.4M2.12B-291.3M784.9M
Net VEX-15.2M-17.5M-12.2M-16.9M-14.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.271.770.930.33
Total Volume169,166.90951,516335,408335,408187,434
Total OI3,375,096.4093,101,2403,634,3263,173,9583,537,012

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$44.19$45.0029.8%9.2%19.3%13.0%29.3%5.8%-0.9%14.4M-291.3M-16.9M0.9317.32N/AN/A173,905161,5031,610,9881,562,970
2019-08-02$43.99$45.0028.3%8.5%15.7%9.2%29.0%5.2%-0.2%-43.1M-76.1M-17.2M0.724.29N/AN/A77,03355,5851,676,0841,606,308
2019-08-05$42.15$43.0033.0%9.3%21.1%21.0%32.1%6.0%-0.2%-22.9M981.1M-15.7M0.493.46N/AN/A199,20098,0751,632,2071,469,033
2019-08-06$42.92$43.0030.9%8.9%22.2%15.8%28.4%6.4%0.2%1.3M324.6M-16.7M0.272.35N/AN/A119,50131,6631,782,7651,498,301
2019-08-07$43.05$43.0031.3%9.0%20.5%16.8%29.7%6.4%-0.5%14.8M166.5M-17.1M0.572.38N/AN/A120,10068,8151,865,1771,509,845
2019-08-08$44.25$43.0028.5%8.3%23.3%9.7%26.6%6.0%-0.2%75.0M-976.4M-17.5M0.292.56N/AN/A159,85147,1441,910,6091,525,432
2019-08-09$43.99$43.0028.3%8.3%23.3%9.2%28.4%6.3%0.3%49.6M-829.4M-17.4M1.182.16N/AN/A50,55559,5512,002,5171,522,262
2019-08-12$42.74$43.5031.7%9.2%25.1%17.7%29.3%7.1%0.4%27.2M328.6M-16.4M0.563.71N/AN/A100,12356,1212,008,6871,472,899
2019-08-13$43.41$43.0029.8%8.7%26.0%12.9%30.1%7.0%0.7%54.9M-363.1M-16.9M1.222.28N/AN/A58,64771,7962,031,9181,479,569
2019-08-14$41.44$43.0033.5%9.8%30.0%22.3%33.6%7.4%1.0%-4.0M1.26B-15.0M1.403.19N/AN/A61,68186,1462,039,9261,482,780
2019-08-15$41.49$43.0033.3%9.6%29.3%21.8%31.5%7.2%0.3%-11.9M1.29B-15.0M0.472.42N/AN/A114,91754,3052,047,6631,513,757
2019-08-16$41.59$43.0032.6%9.4%29.1%20.1%33.7%6.6%0.2%-8.7M1.20B-15.2M1.772.05N/AN/A76,650135,9592,102,0361,532,290
2019-08-19$40.83$43.0033.7%9.7%29.3%22.8%33.1%7.2%-0.3%-2.9M1.10B-14.2M0.623.03N/AN/A102,32863,3461,741,5241,414,997
2019-08-20$41.10$43.0032.7%9.4%29.6%20.2%33.8%6.9%-0.5%-88.2K986.1M-14.4M0.822.72N/AN/A86,45870,7261,765,9821,446,313
2019-08-21$41.91$43.0032.0%9.2%30.8%18.5%32.3%6.7%-0.6%27.6M398.5M-15.3M1.062.36N/AN/A63,94367,9701,805,1251,477,232
2019-08-22$41.00$43.0032.2%9.2%31.1%18.9%32.3%6.7%-0.5%-1.0M1.10B-14.3M1.172.34N/AN/A49,05357,6251,838,7111,515,293
2019-08-23$39.60$43.0035.8%10.3%32.6%28.1%33.6%7.2%-0.5%-33.6M1.97B-13.1M1.406.52N/AN/A102,313143,1451,872,5451,533,935
2019-08-26$38.75$43.0036.8%10.8%32.9%30.4%34.7%6.4%-1.2%-46.2M2.12B-12.2M0.923.23N/AN/A26,79824,7181,776,6261,496,281
2019-08-27$39.25$43.0036.1%10.4%33.7%28.8%35.5%6.7%-0.9%-43.2M1.86B-12.6M0.812.54N/AN/A88,01471,1051,812,0111,512,647
2019-08-28$39.51$43.0034.1%9.9%34.0%23.8%33.6%6.1%-0.9%-40.0M1.74B-12.9M0.782.73N/AN/A83,45765,2191,854,0891,530,761
2019-08-29$40.36$42.5032.0%9.2%35.3%18.4%32.7%6.0%-1.5%-12.9M1.18B-13.5M0.523.48N/AN/A85,13044,0641,900,8861,534,128
2019-08-30$40.92$42.0029.9%8.7%35.9%13.1%29.9%5.8%0.8%9.3M784.9M-14.1M0.333.43N/AN/A140,43047,0041,978,9271,558,085