EWZ Options History — November 2020

In November 2020, EWZ traded between $27.07 and $33.99. ATM implied volatility averaged 39.3%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 2.7% (HV 20d: 36.7%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.80.

Notable Days

  • 2020-11-20: Highest Volume — 234,218 contracts
  • 2020-11-04: Largest IV drop — 15.3% change
  • 2020-11-02: Highest IV Rank — 24.5%
  • 2020-11-02: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.49$27.07$33.99$27.07$33.24
Max Pain$29.20$28.00$30.00$28.00$30.00
ATM IV39.3%34.8%51.8%51.8%37.1%
Expected Move11.7%10.5%16.0%16.0%11.7%
HV 20d36.7%28.4%41.2%28.4%34.3%
HV 60d34.8%32.6%36.0%32.6%34.5%
IV Rank14.6%11.0%24.5%24.5%12.8%
IV Percentile35.4%24.2%74.2%74.2%27.0%
Term Structure-0.1%-2.2%3.0%-0.5%0.7%
VWIV41.0%35.2%53.9%50.1%40.3%
Skew 25d8.1%5.9%13.0%12.8%6.4%
Skew 10d15.0%10.9%24.8%24.6%11.4%
Call IV 25d36.0%32.9%45.2%45.2%34.2%
Put IV 25d44.0%39.1%58.0%58.0%40.6%
Bid-Ask Spread %2.692.313.602.312.73
Gamma HHI0.100.060.220.060.14
Net GEX49.2M-4.0M103.5M-4.0M62.8M
Net DEX-611.4M-1.30B798.2M798.2M-836.1M
Net VEX-7.5M-7.9M-6.9M-6.9M-7.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.192.350.830.67
Total Volume129,955.6563,958234,21876,63785,812
Total OI2,479,942.92,310,9552,713,9832,310,9552,493,970

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$27.07$28.0051.8%16.0%28.4%24.5%50.1%12.8%-0.5%-4.0M798.2M-6.9M0.832.31N/AN/A41,91034,7271,230,8151,080,140
2020-11-03$27.56$28.0049.2%15.1%29.2%22.5%53.9%13.0%-0.5%71.9K688.5M-7.0M0.983.09N/AN/A70,48269,0321,230,8151,080,140
2020-11-04$28.36$28.0041.7%12.0%30.9%16.5%46.4%10.8%0.1%20.2M454.9M-7.0M0.942.52N/AN/A80,81376,3261,295,2311,078,547
2020-11-05$29.80$29.0039.6%11.6%34.2%14.8%40.2%9.9%0.3%45.5M-170.7M-7.5M0.292.58N/AN/A84,55724,2571,324,5481,115,756
2020-11-06$30.84$29.0037.1%11.2%36.0%12.8%40.1%9.0%1.0%49.5M-598.3M-7.6M0.412.75N/AN/A84,41734,3821,324,3411,118,551
2020-11-09$31.55$29.0039.0%11.2%36.6%14.3%40.1%6.7%-0.3%50.1M-769.4M-7.7M0.233.60N/AN/A146,69534,0711,269,7541,097,502
2020-11-10$31.84$29.0036.9%11.0%36.3%12.7%36.1%6.1%1.3%55.1M-856.9M-7.7M0.232.38N/AN/A106,94424,8001,301,8411,111,432
2020-11-11$31.70$29.0037.0%10.9%36.4%12.7%42.1%6.9%0.6%53.1M-776.4M-7.4M2.202.62N/AN/A19,96343,9951,323,8911,124,362
2020-11-12$30.62$29.0040.7%11.9%38.9%15.7%44.6%8.5%1.1%36.2M-302.0M-7.4M1.652.73N/AN/A39,08464,3701,325,7621,143,895
2020-11-13$31.37$29.0036.7%11.1%39.1%12.5%38.3%5.9%3.0%45.7M-605.7M-7.4M1.102.36N/AN/A39,09142,9791,332,1051,177,632
2020-11-16$31.95$29.0037.7%10.9%39.4%13.3%38.1%7.2%-0.9%56.6M-825.8M-7.3M0.552.72N/AN/A130,82671,9081,327,8211,170,770
2020-11-17$32.94$29.0037.5%10.8%40.1%13.1%38.7%7.7%-0.8%67.2M-1.26B-7.5M0.432.39N/AN/A98,19741,9861,339,0271,213,454
2020-11-18$32.41$29.0040.4%11.6%40.7%15.5%41.9%6.9%-2.2%60.3M-1.04B-7.5M0.953.18N/AN/A99,32193,9921,363,3271,227,001
2020-11-19$32.83$30.0040.0%11.5%40.6%15.1%41.5%7.7%-1.2%64.7M-1.21B-7.9M2.352.81N/AN/A22,90553,8231,420,3071,262,749
2020-11-20$32.16$30.0039.8%11.5%41.2%15.0%39.5%7.5%-1.3%37.3M-920.3M-7.7M0.522.32N/AN/A154,39279,8261,419,7881,294,195
2020-11-23$32.34$30.0037.5%11.2%41.2%13.2%40.1%7.2%-0.4%40.9M-548.1M-7.7M0.422.60N/AN/A115,11648,1591,305,7741,149,358
2020-11-24$33.43$30.0036.7%10.8%40.8%12.5%36.7%7.7%-0.4%61.4M-953.8M-7.8M0.492.64N/AN/A94,24446,1131,290,7451,147,684
2020-11-25$33.83$30.0035.5%10.5%34.5%11.6%35.2%6.8%-0.8%78.3M-1.20B-7.8M0.192.74N/AN/A104,78320,0241,341,8801,174,193
2020-11-27$33.99$30.0034.8%10.6%34.5%11.0%37.2%6.2%-1.3%103.5M-1.30B-7.7M0.652.65N/AN/A45,28829,5031,390,4211,179,334
2020-11-30$33.24$30.0037.1%11.7%34.3%12.8%40.3%6.4%0.7%62.8M-836.1M-7.4M0.672.73N/AN/A51,43234,3801,345,8451,148,125