EWZ Options History — October 2019

In October 2019, EWZ traded between $40.72 and $45.25. ATM implied volatility averaged 28.3%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 7.1% (HV 20d: 21.2%). Max pain ranged from $41.00 to $42.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.72.

Notable Days

  • 2019-10-16: Highest Volume — 285,333 contracts
  • 2019-10-11: Largest IV drop — 7.8% change
  • 2019-10-08: Highest IV Rank — 30.3%
  • 2019-10-02: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.70$40.72$45.25$41.67$44.43
Max Pain$41.65$41.00$42.00$42.00$42.00
ATM IV28.3%24.5%32.8%30.1%25.2%
Expected Move8.1%7.0%9.2%8.5%7.3%
HV 20d21.2%16.9%23.4%18.9%23.2%
HV 60d26.5%25.3%27.4%25.4%26.2%
IV Rank14.4%0.0%30.3%13.8%5.0%
IV Percentile22.4%0.0%72.6%36.1%0.8%
Term Structure-0.2%-1.5%0.8%-0.3%0.2%
VWIV28.1%25.3%31.0%30.5%27.1%
Skew 25d6.3%5.3%7.7%7.3%5.8%
Skew 10d11.6%10.0%14.0%13.3%10.7%
Call IV 25d25.1%21.5%28.6%26.5%22.5%
Put IV 25d31.4%27.2%36.3%33.8%28.4%
Bid-Ask Spread %7.282.9719.845.004.53
Gamma HHI0.110.070.200.070.14
Net GEX101.0M2.0M206.3M46.8M134.2M
Net DEX-736.3M-2.23B651.4M154.8M-1.60B
Net VEX-10.8M-11.6M-10.3M-11.2M-10.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.112.130.490.81
Total Volume121,412.39130,885285,33364,858100,167
Total OI2,619,687.2612,350,8482,834,3302,574,9862,640,581

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$41.67$42.0030.1%8.5%18.9%13.8%30.5%7.3%-0.3%46.8M154.8M-11.2M0.495.00N/AN/A43,39521,4631,386,9851,188,001
2019-10-02$40.84$42.0031.5%9.2%17.4%17.2%30.8%7.4%-0.1%2.0M651.4M-10.9M0.2912.75N/AN/A151,76943,6641,369,4251,197,020
2019-10-03$41.24$41.0031.5%8.9%16.9%17.2%31.0%7.2%-0.1%36.3M255.4M-11.3M0.668.46N/AN/A72,29648,0361,484,7541,216,611
2019-10-04$42.11$41.0029.6%8.5%18.2%12.4%28.4%6.8%-0.1%137.9M-536.3M-11.6M0.584.84N/AN/A72,82541,9821,521,1611,220,543
2019-10-07$40.93$41.0031.6%8.9%20.7%17.6%29.4%7.4%-0.3%34.4M429.6M-10.8M1.043.29N/AN/A48,01550,1611,400,8071,187,951
2019-10-08$40.72$41.0032.8%8.9%20.8%30.3%29.2%7.7%-1.5%23.9M591.1M-10.7M0.3110.08N/AN/A74,61623,4831,404,5011,211,425
2019-10-09$41.20$41.0031.8%9.0%20.4%26.6%29.3%7.1%-0.3%48.9M239.5M-11.0M0.118.58N/AN/A156,29516,7181,447,3891,219,406
2019-10-10$41.11$41.0031.3%8.8%19.9%24.8%28.6%7.0%-0.6%52.8M280.1M-10.9M0.777.81N/AN/A30,52623,6541,514,4231,224,092
2019-10-11$42.35$41.0028.9%8.3%22.0%17.6%29.1%6.9%0.8%130.5M-684.7M-11.2M0.7719.84N/AN/A86,07666,6801,509,5521,236,017
2019-10-14$42.02$41.0028.6%8.2%22.2%21.6%28.4%6.3%0.1%100.1M-392.0M-10.6M1.312.97N/AN/A29,31138,5281,423,1821,216,630
2019-10-15$41.90$42.0027.6%7.9%21.4%16.5%27.7%6.3%-0.1%99.0M-244.6M-10.5M0.994.36N/AN/A63,87363,1361,431,5331,239,673
2019-10-16$42.22$42.0028.0%8.0%21.6%18.7%28.8%5.8%-0.1%118.3M-533.6M-10.5M0.276.22N/AN/A225,46959,8641,435,0471,244,997
2019-10-17$42.03$42.0028.2%8.1%20.9%19.4%27.9%5.9%0.2%156.5M-498.3M-10.7M0.293.50N/AN/A133,63239,3621,565,5461,262,269
2019-10-18$42.43$42.0027.6%8.0%21.2%16.5%27.8%5.7%-0.3%206.3M-945.0M-10.7M0.613.08N/AN/A65,38740,0791,558,7671,275,563
2019-10-21$42.72$42.0027.6%7.9%21.2%16.0%26.6%5.7%-0.8%107.7M-690.2M-10.3M0.856.89N/AN/A16,67414,2111,252,0631,098,785
2019-10-22$43.84$42.0026.8%7.6%22.7%12.0%27.1%5.8%-0.4%114.1M-1.46B-10.6M0.3015.27N/AN/A152,32945,9781,271,2681,112,823
2019-10-23$44.45$42.0025.8%7.4%23.0%6.4%25.8%5.8%-0.2%122.9M-1.94B-10.7M0.395.06N/AN/A104,92941,4151,325,6551,142,732
2019-10-24$44.18$42.0026.4%7.5%23.1%9.8%25.4%5.3%-0.5%126.6M-1.73B-10.7M0.657.35N/AN/A79,19651,7221,352,3901,167,833
2019-10-25$44.59$42.0025.3%7.2%23.2%3.9%26.9%5.6%-0.2%137.4M-2.13B-11.1M1.123.45N/AN/A52,44158,6511,406,9001,201,052
2019-10-28$45.14$42.0025.3%7.2%23.4%3.4%27.7%5.6%0.0%126.0M-2.13B-10.8M2.133.46N/AN/A16,47135,1101,337,7941,189,078
2019-10-29$44.66$42.0025.4%7.4%23.3%4.2%27.0%5.8%0.6%129.9M-1.80B-10.8M0.657.11N/AN/A59,46238,4431,351,5931,209,853
2019-10-30$45.25$42.0024.5%7.0%21.8%0.0%25.3%5.7%0.3%130.9M-2.23B-10.6M1.2213.60N/AN/A42,79352,1981,364,9991,234,138
2019-10-31$44.43$42.0025.2%7.3%23.2%5.0%27.1%5.8%0.2%134.2M-1.60B-10.7M0.814.53N/AN/A55,43844,7291,366,5351,274,046