EWZ Options History — September 2019

In September 2019, EWZ traded between $39.91 and $43.01. ATM implied volatility averaged 29.6%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 1.1% (HV 20d: 28.4%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.59.

Notable Days

  • 2019-09-03: Highest Volume — 256,202 contracts
  • 2019-09-13: Largest IV spike — 5.7% change
  • 2019-09-03: Highest IV Rank — 18.5%
  • 2019-09-03: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.02$39.91$43.01$39.91$42.20
Max Pain$41.25$40.00$42.00$42.00$42.00
ATM IV29.6%27.9%32.0%32.0%29.1%
Expected Move8.4%7.9%9.4%9.4%8.1%
HV 20d28.4%20.6%35.5%33.8%20.6%
HV 60d26.6%25.3%27.5%26.7%25.3%
IV Rank12.4%8.1%18.5%18.5%11.1%
IV Percentile25.5%8.3%57.1%57.1%19.8%
Term Structure0.0%-0.9%1.0%-0.4%-0.2%
VWIV29.2%26.2%32.8%32.8%27.5%
Skew 25d6.5%6.0%7.1%6.6%7.0%
Skew 10d11.9%11.2%13.6%11.9%12.9%
Call IV 25d26.3%24.8%29.0%29.0%25.8%
Put IV 25d32.8%31.1%35.6%35.6%32.9%
Bid-Ask Spread %7.033.0015.486.595.64
Gamma HHI0.070.060.090.060.08
Net GEX101.7M-16.1M181.5M-16.1M76.8M
Net DEX-293.7M-1.40B1.41B1.41B-257.6M
Net VEX-13.1M-14.9M-11.5M-12.6M-11.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.111.320.830.43
Total Volume134,527.0553,018256,202256,202157,463
Total OI3,464,941.052,654,0033,998,0053,454,8362,871,921

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$39.91$42.0032.0%9.4%33.8%18.5%32.8%6.6%-0.4%-16.1M1.41B-12.6M0.836.59N/AN/A140,138116,0641,954,2281,500,608
2019-09-04$41.14$42.0031.7%9.2%35.1%17.8%30.2%6.2%-0.9%38.8M462.3M-14.2M0.383.00N/AN/A156,40258,9852,059,8411,576,791
2019-09-05$41.75$40.0030.6%8.5%35.5%14.9%28.2%6.1%-0.6%88.2M-155.5M-14.7M0.5410.04N/AN/A134,87573,2562,128,3611,570,202
2019-09-06$42.17$40.0029.5%8.5%34.2%12.3%30.4%6.5%-0.0%110.7M-585.2M-14.9M0.354.33N/AN/A113,39539,7782,184,0851,566,961
2019-09-09$42.00$40.0030.2%8.6%34.1%13.9%26.9%6.6%-0.1%103.8M-309.5M-14.4M0.354.23N/AN/A53,86218,8872,172,8341,545,286
2019-09-10$41.91$40.0029.8%8.5%32.7%13.0%31.4%6.7%-0.0%102.3M-219.7M-14.2M0.744.03N/AN/A30,40522,6132,190,1511,548,293
2019-09-11$42.59$40.0029.3%8.2%32.7%11.7%29.1%6.3%-0.7%148.0M-909.2M-14.4M0.817.67N/AN/A60,05548,6542,203,1171,558,657
2019-09-12$43.01$40.0028.4%8.1%28.1%9.5%30.8%6.2%-0.1%181.5M-1.40B-14.6M1.324.56N/AN/A34,48145,6592,243,4561,574,887
2019-09-13$42.25$41.0030.1%8.6%29.0%13.6%28.0%6.3%-0.3%136.0M-550.3M-14.2M0.366.94N/AN/A68,88624,7142,255,7351,606,115
2019-09-16$42.16$41.0031.0%8.9%29.0%15.9%28.3%6.9%-0.4%116.7M-400.7M-13.6M0.117.17N/AN/A163,13218,6752,180,5861,554,533
2019-09-17$42.80$41.0029.7%8.5%28.5%12.8%30.5%6.5%-0.3%166.6M-1.09B-13.7M0.424.27N/AN/A89,05437,0332,210,1661,564,837
2019-09-18$42.60$42.0029.6%8.5%28.5%12.4%31.0%6.3%-0.4%159.2M-863.2M-12.8M0.746.45N/AN/A67,42650,1362,236,8611,574,627
2019-09-19$41.94$42.0028.4%8.1%28.4%9.6%28.6%6.0%0.2%109.2M-59.6M-12.1M0.746.48N/AN/A135,643100,1432,242,4271,596,053
2019-09-20$42.06$42.0027.9%8.0%27.2%8.2%28.5%6.2%0.4%86.7M-259.7M-12.2M0.8011.11N/AN/A87,87769,8652,344,8311,653,174
2019-09-23$41.91$42.0027.9%7.9%23.7%8.1%26.4%6.1%0.9%73.8M-62.5M-11.5M0.418.30N/AN/A51,25420,7981,448,6551,205,348
2019-09-24$41.59$42.0029.3%8.5%22.3%11.8%29.6%6.5%0.8%60.5M96.9M-11.8M0.6712.23N/AN/A55,29737,1231,515,6411,234,028
2019-09-25$41.97$42.0028.9%8.3%22.1%10.7%29.3%6.8%0.8%83.3M-164.6M-11.9M1.025.36N/AN/A30,72031,4821,531,0921,243,514
2019-09-26$42.23$42.0028.5%8.1%22.1%9.7%26.2%6.7%1.0%98.2M-314.6M-12.0M0.496.72N/AN/A81,36039,6971,549,5661,266,167
2019-09-27$42.20$42.0029.3%8.4%21.1%11.8%29.6%7.1%0.8%109.3M-241.9M-11.6M0.3815.48N/AN/A90,90534,3491,546,6491,288,537
2019-09-30$42.20$42.0029.1%8.1%20.6%11.1%27.5%7.0%-0.2%76.8M-257.6M-11.5M0.435.64N/AN/A109,74747,7161,588,4741,283,447