EWZ Options History — October 2020

In October 2020, EWZ traded between $26.88 and $29.85. ATM implied volatility averaged 43.3%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 12.5% (HV 20d: 30.8%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2020-10-05: Highest Volume — 191,872 contracts
  • 2020-10-28: Largest IV spike — 17.2% change
  • 2020-10-30: Highest IV Rank — 26.0%
  • 2020-10-30: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.59$26.88$29.85$27.55$26.88
Max Pain$28.18$28.00$30.00$30.00$28.00
ATM IV43.3%39.9%53.7%42.8%53.7%
Expected Move12.7%11.3%16.2%11.8%16.2%
HV 20d30.8%22.2%36.7%33.9%31.1%
HV 60d32.3%31.1%33.4%32.4%32.8%
IV Rank17.7%15.1%26.0%17.3%26.0%
IV Percentile53.7%39.3%75.8%54.0%75.8%
Term Structure0.4%-1.4%4.1%4.1%-0.6%
VWIV43.5%38.5%56.4%41.7%56.4%
Skew 25d8.3%6.9%12.9%7.2%12.9%
Skew 10d14.9%12.1%22.7%12.2%22.7%
Call IV 25d39.3%36.5%48.1%38.5%48.1%
Put IV 25d47.6%44.0%61.0%45.7%61.0%
Bid-Ask Spread %2.391.713.612.202.70
Gamma HHI0.080.060.110.080.07
Net GEX6.8M-27.7M33.6M-24.3M-11.1M
Net DEX460.1M-16.1M965.0M899.9M853.9M
Net VEX-7.9M-8.4M-7.1M-8.0M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.131.741.341.03
Total Volume106,438.533,332191,872151,86795,031
Total OI2,455,657.2732,193,3402,635,4272,389,2962,526,182

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$27.55$30.0042.8%11.8%33.9%17.3%41.7%7.2%4.1%-24.3M899.9M-8.0M1.342.20N/AN/A64,93586,9321,175,4251,213,871
2020-10-02$27.36$30.0044.4%12.3%33.8%18.6%42.5%7.5%3.1%-27.7M965.0M-8.0M0.812.18N/AN/A89,94073,2791,198,3431,242,320
2020-10-05$28.31$28.0043.4%13.3%36.7%17.9%45.1%7.8%1.0%-5.4M607.8M-8.3M1.741.99N/AN/A69,994121,8781,194,8471,245,341
2020-10-06$28.11$28.0045.3%13.3%36.0%19.4%42.9%8.6%0.1%-3.5M642.1M-8.2M0.512.46N/AN/A123,83963,6371,232,3321,222,351
2020-10-07$27.91$28.0045.4%13.5%34.2%19.4%45.9%8.5%1.3%-5.5M734.5M-8.1M0.742.42N/AN/A38,36428,3201,311,3751,234,126
2020-10-08$28.71$28.0043.8%12.8%34.9%18.1%43.6%7.9%0.8%17.2M433.3M-8.3M0.372.36N/AN/A71,72826,3881,324,4991,246,469
2020-10-09$28.98$28.0041.1%12.3%35.0%16.0%43.6%7.9%0.8%23.4M315.3M-8.4M0.613.61N/AN/A71,14443,4391,367,7091,259,578
2020-10-12$29.30$28.0040.5%12.3%32.9%15.5%42.1%7.3%2.3%17.5M238.3M-8.4M0.652.34N/AN/A36,03423,5931,290,6281,258,679
2020-10-13$29.05$28.0041.1%11.9%32.9%16.0%44.5%7.2%0.1%13.5M344.4M-8.1M1.462.32N/AN/A32,06646,8641,288,2181,256,471
2020-10-14$29.13$28.0041.2%12.0%32.9%16.1%39.5%7.2%0.5%17.0M330.3M-8.1M0.351.71N/AN/A46,11416,1551,295,2221,273,172
2020-10-15$29.04$28.0040.4%11.6%32.7%15.4%42.6%6.9%0.1%19.8M353.9M-7.9M0.931.97N/AN/A54,61150,5681,317,8471,277,052
2020-10-16$28.63$28.0040.3%11.3%29.4%15.3%39.8%7.0%-1.4%2.6M562.8M-7.7M0.721.78N/AN/A63,37145,3911,329,9051,305,522
2020-10-19$28.85$28.0041.6%12.0%28.9%16.4%42.6%7.3%-0.6%5.8M370.0M-7.8M0.392.35N/AN/A57,55422,5411,131,7671,061,573
2020-10-20$29.45$28.0040.3%11.5%29.8%15.4%40.2%8.2%0.2%19.3M164.9M-8.0M0.332.66N/AN/A57,34018,9791,168,1141,070,476
2020-10-21$29.38$28.0040.5%11.6%26.5%15.5%40.3%7.3%-0.4%21.0M150.1M-8.1M0.262.58N/AN/A26,5496,7831,202,1821,079,459
2020-10-22$29.85$28.0039.9%11.5%25.6%15.1%38.5%8.2%-0.6%33.6M-16.1M-8.1M0.132.42N/AN/A141,04018,9821,202,5261,083,314
2020-10-23$29.51$28.0040.7%11.8%25.6%15.7%40.0%8.0%-1.1%28.3M113.9M-8.0M0.222.34N/AN/A88,68519,7411,302,3741,094,602
2020-10-26$29.44$28.0042.1%12.3%22.2%16.8%41.7%8.8%0.4%20.9M145.6M-8.0M0.292.60N/AN/A43,01012,3651,318,9571,065,462
2020-10-27$28.73$28.0044.1%13.0%23.7%18.4%43.5%8.4%-0.3%7.2M381.0M-7.5M0.671.99N/AN/A34,60123,2741,343,1211,068,367
2020-10-28$27.30$28.0051.7%15.7%29.8%24.4%53.0%12.8%-0.6%-7.9M778.7M-7.3M1.032.46N/AN/A71,86473,9411,350,6851,082,672
2020-10-29$27.53$28.0048.3%14.6%30.0%21.7%46.6%10.7%-0.0%-12.1M752.8M-7.3M0.413.04N/AN/A100,08240,7011,381,3601,129,965
2020-10-30$26.88$28.0053.7%16.2%31.1%26.0%56.4%12.9%-0.6%-11.1M853.9M-7.1M1.032.70N/AN/A46,74148,2901,413,2271,112,955