EWZ Options History — September 2020

In September 2020, EWZ traded between $27.27 and $31.27. ATM implied volatility averaged 43.5%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 6.9% (HV 20d: 36.6%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.13.

Notable Days

  • 2020-09-24: Highest Volume — 284,319 contracts
  • 2020-09-03: Largest IV spike — 9.6% change
  • 2020-09-03: Highest IV Rank — 21.9%
  • 2020-09-08: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.86$27.27$31.27$30.97$27.70
Max Pain$30.79$30.00$32.00$30.50$30.00
ATM IV43.5%39.3%48.5%43.2%43.4%
Expected Move12.4%11.2%13.9%12.3%11.7%
HV 20d36.6%33.5%39.8%35.0%34.1%
HV 60d34.3%32.4%39.8%39.8%33.0%
IV Rank17.9%14.6%21.9%17.7%17.8%
IV Percentile59.8%45.6%72.2%62.3%58.7%
Term Structure0.9%-0.8%3.8%1.5%3.8%
VWIV43.6%38.9%50.6%44.2%41.9%
Skew 25d8.7%7.3%11.0%9.2%7.7%
Skew 10d15.6%12.3%20.3%16.7%12.9%
Call IV 25d39.2%35.0%43.3%38.0%39.0%
Put IV 25d47.9%42.8%53.8%47.2%46.7%
Bid-Ask Spread %3.332.438.042.473.16
Gamma HHI0.080.060.130.070.08
Net GEX-4.4M-23.5M14.9M4.4M-20.8M
Net DEX387.3M-87.3M1.04B102.6M929.2M
Net VEX-8.6M-9.3M-7.5M-8.9M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.402.530.521.60
Total Volume113,638.95229,713284,31996,093100,276
Total OI2,349,821.2862,046,2642,564,0122,215,8882,545,548

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$30.97$30.5043.2%12.3%35.0%17.7%44.2%9.2%1.5%4.4M102.6M-8.9M0.522.47N/AN/A63,42732,6661,049,3251,166,563
2020-09-02$31.05$31.0044.3%12.4%34.5%18.5%43.6%9.3%1.1%7.1M61.6M-9.0M0.573.28N/AN/A37,61321,2881,063,7481,165,340
2020-09-03$31.09$31.0048.5%13.8%34.5%21.9%49.2%11.0%0.0%10.5M37.4M-9.1M0.405.27N/AN/A88,08435,4801,090,4761,187,352
2020-09-04$31.20$31.0045.9%13.1%33.5%19.8%47.4%10.3%0.3%14.9M-54.5M-9.2M0.498.04N/AN/A85,34541,9201,130,2671,205,217
2020-09-08$30.46$31.0048.1%13.9%34.5%21.6%50.6%10.0%0.2%5.0M157.8M-9.2M1.342.90N/AN/A22,72530,3701,166,2971,186,263
2020-09-09$31.27$31.0044.3%12.7%35.9%18.5%42.1%9.7%-0.6%14.2M-87.3M-9.3M1.293.34N/AN/A54,94071,0261,166,0981,208,646
2020-09-10$30.34$31.0044.2%12.9%37.2%18.4%41.7%9.8%1.0%-2.0M269.3M-8.9M1.562.83N/AN/A55,86387,4141,181,8721,232,115
2020-09-11$30.05$32.0043.9%12.5%37.3%18.2%40.3%9.1%-0.8%-21.2M409.2M-8.8M1.052.57N/AN/A34,62136,2531,208,1831,266,134
2020-09-14$31.07$31.0040.8%11.7%39.2%15.8%41.9%8.4%0.8%7.0M39.5M-8.9M2.282.64N/AN/A18,16841,4361,193,6971,264,483
2020-09-15$30.90$31.0040.2%11.5%37.3%15.3%38.9%7.7%0.2%2.0M127.9M-8.7M0.672.48N/AN/A43,68629,0781,195,2871,287,708
2020-09-16$31.06$31.0039.5%11.3%35.4%14.7%39.8%8.0%1.0%7.3M36.6M-8.8M1.493.11N/AN/A24,79537,0491,222,0161,290,564
2020-09-17$31.20$31.0039.3%11.2%34.2%14.6%40.9%7.8%1.0%12.9M-23.4M-9.0M0.882.43N/AN/A34,95630,7231,232,3951,313,403
2020-09-18$29.85$31.0041.5%11.9%37.9%16.3%41.8%8.0%0.0%-14.7M588.3M-8.5M0.993.12N/AN/A77,01676,1191,245,4111,318,601
2020-09-21$29.29$31.0042.8%12.3%38.1%17.4%45.9%8.6%0.5%-11.9M585.5M-8.1M2.532.73N/AN/A27,87570,387996,5481,049,716
2020-09-22$29.15$31.0042.6%12.3%37.9%17.2%46.0%8.3%0.7%-11.6M624.2M-8.1M2.273.63N/AN/A9,07820,6351,021,2731,076,813
2020-09-23$28.12$31.0044.8%12.7%39.6%19.0%42.6%9.0%0.9%-20.1M888.1M-7.5M0.643.87N/AN/A52,94433,6191,026,2961,079,813
2020-09-24$28.85$30.0043.3%12.3%39.7%17.7%43.9%7.9%0.8%-11.2M673.9M-8.0M0.603.35N/AN/A178,003106,3161,061,4331,096,232
2020-09-25$28.53$30.0042.9%12.2%39.8%17.4%44.2%7.3%0.7%-19.5M767.3M-7.9M0.633.42N/AN/A129,38681,3831,126,4021,150,779
2020-09-28$27.60$30.0045.5%13.1%37.5%19.5%44.9%8.3%3.1%-20.2M963.2M-7.9M0.802.78N/AN/A147,925118,6111,185,4411,172,706
2020-09-29$27.27$30.0044.9%12.6%36.4%19.1%44.0%8.3%3.0%-23.5M1.04B-8.1M1.092.47N/AN/A46,77551,1441,277,1551,242,631
2020-09-30$27.70$30.0043.4%11.7%34.1%17.8%41.9%7.7%3.8%-20.8M929.2M-8.1M1.603.16N/AN/A38,55561,7211,280,5791,264,969