EWZ Options History — June 2020

In June 2020, EWZ traded between $27.48 and $33.22. ATM implied volatility averaged 51.6%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded below realized volatility by 6.9% (HV 20d: 58.6%). Max pain ranged from $26.00 to $30.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 1.07.

Notable Days

  • 2020-06-12: Highest Volume — 336,792 contracts
  • 2020-06-11: Largest IV spike — 24.3% change
  • 2020-06-26: Highest IV Rank — 30.5%
  • 2020-06-26: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.96$27.48$33.22$27.48$28.87
Max Pain$27.86$26.00$30.00$30.00$29.00
ATM IV51.6%42.8%59.3%46.1%53.9%
Expected Move14.9%12.0%17.3%13.4%15.8%
HV 20d58.6%50.2%66.3%50.4%58.7%
HV 60d75.1%59.0%102.0%101.6%59.0%
IV Rank24.4%17.3%30.5%19.9%26.1%
IV Percentile78.2%74.2%82.9%76.6%76.6%
Term Structure-0.7%-2.4%0.6%-0.4%-0.3%
VWIV52.4%41.9%60.5%52.8%55.8%
Skew 25d12.7%8.1%17.2%12.7%15.2%
Skew 10d23.1%14.5%31.9%21.9%28.4%
Call IV 25d46.2%38.6%54.3%39.3%47.1%
Put IV 25d58.9%49.6%68.2%52.0%62.3%
Bid-Ask Spread %2.111.692.761.791.91
Gamma HHI0.100.060.310.070.06
Net GEX6.0M-16.1M22.9M9.8M9.1M
Net DEX42.6M-982.8M598.7M386.0M261.1M
Net VEX-7.6M-8.2M-5.8M-5.8M-7.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.312.020.660.54
Total Volume154,835.18270,468336,79278,352142,369
Total OI2,215,322.3181,614,2752,674,3612,125,9731,852,362

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$27.48$30.0046.1%13.4%50.4%19.9%52.8%12.7%-0.4%9.8M386.0M-5.8M0.661.79N/AN/A47,14731,2051,233,661892,312
2020-06-02$28.95$30.0042.9%12.8%52.8%17.4%44.1%11.8%-0.7%13.7M70.2M-6.2M0.311.89N/AN/A106,39232,8061,261,440903,809
2020-06-03$30.52$30.0044.0%13.4%54.6%18.3%46.2%10.2%-0.5%16.5M-308.9M-6.8M0.482.24N/AN/A144,74970,0671,302,823924,308
2020-06-04$30.29$26.0043.5%12.5%53.5%17.9%44.6%11.4%-0.1%16.6M-262.5M-6.9M1.322.35N/AN/A61,54981,3031,373,886961,595
2020-06-05$31.64$26.0042.8%12.0%52.1%17.3%41.9%8.1%-0.2%19.9M-594.5M-7.2M0.501.82N/AN/A203,281101,0901,380,295991,357
2020-06-08$33.22$26.0045.1%12.6%52.6%19.2%45.4%8.6%-0.6%22.3M-982.8M-7.8M0.761.95N/AN/A102,96377,7751,425,0101,015,990
2020-06-09$32.89$26.0045.9%12.9%50.2%19.8%49.0%8.3%-0.6%22.9M-880.6M-8.1M1.301.69N/AN/A37,14648,2851,460,8931,062,644
2020-06-10$31.95$26.0046.9%13.2%51.3%20.6%47.3%10.3%-1.2%19.0M-605.1M-8.0M1.812.11N/AN/A82,315148,8991,482,0871,075,446
2020-06-11$29.12$27.0058.3%16.2%64.0%29.7%55.0%11.4%-1.1%650.0K410.3M-7.7M2.022.76N/AN/A78,518158,9191,482,6131,169,897
2020-06-12$30.38$27.0056.5%16.1%64.7%28.3%56.2%13.2%-0.6%-3.5M-33.9M-8.1M0.312.50N/AN/A256,79979,9931,505,5531,168,808
2020-06-15$29.40$27.0057.1%16.4%66.3%28.7%57.5%14.4%-2.4%-905.5K598.7M-7.7M1.012.21N/AN/A85,01786,2491,328,2661,116,105
2020-06-16$29.34$27.0057.4%16.4%63.7%28.9%53.9%14.2%-1.6%1.5M480.2M-7.8M1.062.29N/AN/A63,76567,8641,351,9091,076,467
2020-06-17$29.86$28.0055.4%15.9%63.4%27.4%56.3%13.5%-0.4%1.7M352.2M-8.0M1.692.39N/AN/A52,56989,0991,380,6461,094,388
2020-06-18$29.30$28.0055.2%15.9%64.3%27.2%56.7%13.4%-1.5%-1.5M522.1M-7.7M1.661.95N/AN/A31,80752,8781,395,0701,111,025
2020-06-19$29.81$28.0052.6%15.1%63.7%25.1%52.1%13.5%-0.7%-16.1M393.1M-7.7M1.232.58N/AN/A42,71652,5181,408,1061,119,542
2020-06-22$29.70$28.0054.1%15.6%63.5%26.3%54.2%13.3%-0.8%3.2M108.6M-7.6M1.051.98N/AN/A47,20649,725809,878804,397
2020-06-23$30.57$28.0051.8%14.9%57.8%24.5%49.7%13.1%-0.7%7.4M-95.5M-8.1M1.201.91N/AN/A65,53278,457836,626825,614
2020-06-24$29.22$29.0056.9%16.6%59.4%28.5%60.5%15.3%-0.3%-1.5M231.2M-7.7M1.521.94N/AN/A75,821115,455852,200851,693
2020-06-25$29.53$29.0055.4%15.9%58.8%27.4%57.3%14.9%-0.1%-1.2M145.8M-8.2M1.302.30N/AN/A30,68339,785898,346907,246
2020-06-26$28.24$29.0059.3%17.3%61.3%30.5%56.9%17.2%0.6%-8.9M459.9M-7.8M0.862.08N/AN/A56,87349,076912,967920,500
2020-06-29$28.84$29.0055.2%16.1%61.5%27.2%60.0%16.5%-0.3%813.3K282.6M-7.8M0.971.71N/AN/A40,53739,172914,081895,230
2020-06-30$28.87$29.0053.9%15.8%58.7%26.1%55.8%15.2%-0.3%9.1M261.1M-7.8M0.541.91N/AN/A92,31250,057942,092910,270