EWZ Options History — August 2020

In August 2020, EWZ traded between $29.31 and $31.95. ATM implied volatility averaged 41.4%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 12.4% (HV 20d: 29.0%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.15.

Notable Days

  • 2020-08-21: Highest Volume — 212,388 contracts
  • 2020-08-26: Largest IV spike — 8.8% change
  • 2020-08-04: Highest IV Rank — 18.9%
  • 2020-08-04: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.58$29.31$31.95$31.78$29.89
Max Pain$31.05$30.00$32.00$31.00$31.00
ATM IV41.4%39.5%44.8%43.9%43.7%
Expected Move12.0%11.3%13.8%13.2%12.7%
HV 20d29.0%26.0%32.5%30.7%32.5%
HV 60d44.4%39.9%48.2%48.2%40.4%
IV Rank16.3%14.8%18.9%18.2%18.1%
IV Percentile59.1%52.8%65.9%64.7%63.5%
Term Structure-0.2%-1.7%1.4%-1.2%0.8%
VWIV42.2%36.8%51.3%47.7%43.9%
Skew 25d10.1%8.8%12.6%12.6%9.4%
Skew 10d19.0%16.4%24.5%24.5%16.7%
Call IV 25d37.0%34.6%39.6%38.6%39.2%
Put IV 25d47.0%44.4%51.6%51.2%48.6%
Bid-Ask Spread %2.401.443.853.852.40
Gamma HHI0.090.060.270.070.06
Net GEX-5.8M-33.7M39.7M7.8M-8.5M
Net DEX408.0M-74.2M961.2M-44.8M458.8M
Net VEX-8.7M-9.4M-8.2M-9.4M-8.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.152.491.930.31
Total Volume101,156.28638,776212,38875,24174,544
Total OI2,306,488.6672,079,5112,621,6202,079,5112,172,696

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$31.78$31.0043.9%13.2%30.7%18.2%47.7%12.6%-1.2%7.8M-44.8M-9.4M1.933.85N/AN/A25,66849,5731,029,7611,049,750
2020-08-04$31.38$31.0044.8%13.8%30.0%18.9%51.3%12.0%-1.3%1.5M110.1M-9.2M1.893.55N/AN/A38,94273,6641,033,0231,074,410
2020-08-05$31.90$31.0041.7%12.5%28.8%16.5%44.4%10.2%-1.1%4.7M-66.9M-9.3M1.542.49N/AN/A26,66041,0631,050,7011,118,814
2020-08-06$31.95$31.0040.7%11.4%28.7%15.7%38.5%11.1%-1.0%5.7M-74.2M-9.3M1.541.44N/AN/A22,29634,3551,063,8391,134,727
2020-08-07$31.20$31.0041.7%11.8%30.0%16.5%43.1%11.2%-0.7%-4.1M223.2M-9.0M1.181.49N/AN/A52,55061,8451,075,8651,142,804
2020-08-10$31.12$31.0039.9%11.3%29.3%15.0%39.8%10.1%0.1%-6.2M267.1M-8.8M1.101.66N/AN/A28,75631,6621,063,2851,156,365
2020-08-11$31.07$31.0040.0%11.4%28.7%15.1%36.8%10.2%0.1%-6.6M275.5M-8.9M0.912.00N/AN/A43,15339,3291,075,9341,172,330
2020-08-12$30.68$31.0040.6%11.5%28.9%15.6%41.3%10.4%-0.7%-13.1M456.9M-8.6M1.042.71N/AN/A53,58155,9191,095,4911,190,166
2020-08-13$30.82$31.0039.5%11.4%28.8%14.8%39.4%9.7%0.2%-12.9M401.7M-8.9M1.512.45N/AN/A35,50153,6571,128,9531,225,575
2020-08-14$30.68$32.0039.8%11.4%28.4%15.0%42.0%9.0%-0.4%-12.7M510.1M-8.8M1.102.32N/AN/A43,35447,8291,144,1811,256,628
2020-08-17$29.68$32.0042.5%12.2%29.2%17.1%42.6%10.6%1.2%-25.7M845.4M-8.3M2.492.40N/AN/A42,963106,8681,146,0361,235,646
2020-08-18$30.69$31.0040.3%11.5%30.3%15.4%40.5%9.6%0.3%-14.4M445.3M-9.0M1.512.20N/AN/A68,526103,3621,169,7921,316,030
2020-08-19$29.95$31.0040.8%11.7%30.2%15.8%40.3%9.3%0.4%-30.0M809.2M-8.7M1.122.20N/AN/A27,83931,3091,199,2951,390,843
2020-08-20$30.02$31.0041.4%11.9%27.8%16.3%41.8%8.8%-0.1%-28.8M786.1M-8.7M0.791.82N/AN/A101,21380,4071,205,0491,382,716
2020-08-21$29.56$31.0040.9%11.6%28.0%15.8%40.0%9.3%1.4%-33.7M961.2M-8.4M0.322.25N/AN/A161,24551,1431,247,3791,374,241
2020-08-24$29.91$31.0040.8%11.6%26.0%15.8%39.0%9.7%-0.6%8.5M457.3M-8.4M0.411.85N/AN/A37,44015,1801,095,3451,141,789
2020-08-25$30.16$31.0039.7%11.3%26.4%14.9%44.2%9.0%-0.2%16.9M382.4M-8.4M0.151.81N/AN/A68,36110,5491,115,3351,143,671
2020-08-26$29.31$31.0043.2%12.5%27.3%17.7%42.9%10.3%0.4%-5.6M639.8M-8.2M0.513.23N/AN/A71,26336,0101,099,2611,145,690
2020-08-27$29.51$31.0043.2%12.8%27.7%17.7%45.2%10.3%-1.7%-5.3M578.0M-8.3M2.173.09N/AN/A12,23826,5381,116,8411,160,119
2020-08-28$30.82$30.0040.9%11.5%31.6%15.9%41.4%8.8%-0.8%39.7M144.7M-8.8M0.563.26N/AN/A88,45949,4681,124,7481,171,138
2020-08-31$29.89$31.0043.7%12.7%32.5%18.1%43.9%9.4%0.8%-8.5M458.8M-8.4M0.312.40N/AN/A56,97817,5661,011,1361,161,560