EWZ Options History — April 2021

In April 2021, EWZ traded between $32.61 and $36.66. ATM implied volatility averaged 33.4%, placing in the 3.7% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 5.8% (HV 20d: 27.6%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2021-04-09: Highest Volume — 250,996 contracts
  • 2021-04-30: Largest IV spike — 14.3% change
  • 2021-04-30: Highest IV Rank — 15.0%
  • 2021-04-12: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.74$32.61$36.66$32.61$35.58
Max Pain$34.10$33.00$35.00$34.00$35.00
ATM IV33.4%30.2%36.4%34.0%35.3%
Expected Move9.6%8.7%10.6%9.9%9.4%
HV 20d27.6%22.2%38.8%38.3%24.6%
HV 60d34.8%32.1%37.6%37.0%32.7%
IV Rank3.7%0.0%15.0%0.1%15.0%
IV Percentile2.2%0.0%8.3%0.4%8.3%
Term Structure0.2%-1.1%4.5%0.3%4.5%
VWIV34.1%30.3%40.3%37.5%32.6%
Skew 25d6.0%-0.2%21.0%5.2%5.4%
Skew 10d12.9%-9.7%41.6%9.5%13.9%
Call IV 25d31.4%28.1%38.9%31.5%29.6%
Put IV 25d37.4%33.5%50.9%36.7%35.0%
Bid-Ask Spread %11.932.8937.592.9537.59
Gamma HHI0.150.080.610.090.14
Net GEX81.3M16.3M298.6M18.4M113.0M
Net DEX-434.3M-1.40B322.5M322.5M-724.7M
Net VEX-9.1M-11.2M-7.7M-7.7M-10.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.173.663.660.65
Total Volume161,958.47668,604250,996196,19875,558
Total OI2,150,670.191,782,8112,558,7771,803,8792,536,841

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$32.61$34.0034.0%9.9%38.3%0.1%37.5%5.2%0.3%18.4M322.5M-7.7M3.662.95N/AN/A42,076154,122986,288817,591
2021-04-05$33.59$33.0035.0%9.8%38.8%2.4%33.4%-0.2%0.1%16.3M38.5M-8.0M0.3014.72N/AN/A64,08318,909960,341918,316
2021-04-06$33.99$33.0033.1%9.6%31.5%0.0%32.9%4.7%0.1%35.1M-99.2M-8.0M0.322.90N/AN/A93,27429,7171,014,758930,643
2021-04-07$33.77$33.0033.0%9.5%31.7%0.0%32.9%4.9%-0.1%32.5M-27.2M-8.0M0.763.52N/AN/A77,83959,1371,052,953953,355
2021-04-08$34.40$33.0032.3%9.5%30.3%0.0%31.7%4.1%0.4%60.5M-290.4M-8.2M0.512.89N/AN/A89,48246,0031,083,955990,320
2021-04-09$33.55$33.0033.0%9.8%28.7%1.6%38.4%21.0%2.2%88.0M78.6M-8.1M1.4214.83N/AN/A103,895147,1011,133,1691,011,591
2021-04-12$33.50$34.0036.4%10.6%28.3%10.7%40.3%6.3%0.5%18.1M139.5M-8.2M0.528.80N/AN/A129,37266,9381,135,109920,140
2021-04-13$33.66$34.0036.3%10.2%28.1%10.4%37.4%6.0%-0.7%37.9M3.6M-8.4M0.765.64N/AN/A121,95792,4741,214,732925,625
2021-04-14$34.35$34.0035.5%10.3%28.9%8.2%35.7%5.5%0.7%76.7M-350.4M-8.8M0.745.26N/AN/A104,21577,1921,274,966965,178
2021-04-15$34.74$33.0034.8%9.8%27.7%6.5%34.7%5.9%-0.7%105.6M-508.3M-8.8M0.593.82N/AN/A108,05763,8651,325,4631,008,690
2021-04-16$35.06$34.0033.6%9.6%27.2%3.3%34.3%5.9%-0.1%298.6M-742.8M-8.7M0.525.20N/AN/A113,65858,9511,368,0701,041,210
2021-04-19$35.23$34.0034.7%10.0%25.9%6.2%33.1%6.6%-1.0%45.4M-445.4M-8.9M0.837.26N/AN/A53,81644,489994,637788,174
2021-04-20$34.95$34.0034.5%9.9%25.4%5.6%35.1%7.0%-0.7%36.9M-332.4M-8.9M0.3122.94N/AN/A148,98045,8991,016,823818,424
2021-04-21$35.11$35.0033.2%9.5%24.7%2.3%33.6%5.7%-0.1%54.4M-482.7M-9.3M0.809.09N/AN/A78,39762,8381,150,175838,223
2021-04-22$35.48$35.0033.5%9.6%22.4%3.3%32.2%6.2%-0.4%73.4M-634.1M-9.5M0.1736.71N/AN/A176,13630,3241,209,197887,376
2021-04-23$35.52$35.0030.7%8.9%22.4%0.0%35.1%4.8%-1.1%175.9M-745.7M-9.7M0.1927.78N/AN/A186,63034,8881,344,106885,467
2021-04-26$35.80$35.0030.7%8.7%22.2%0.0%31.5%4.3%-0.3%88.8M-834.2M-10.2M0.209.64N/AN/A168,17132,7971,446,589820,819
2021-04-27$35.44$35.0031.0%8.9%22.8%0.9%31.5%4.6%-0.3%90.7M-725.8M-10.5M0.177.93N/AN/A58,7099,8951,559,923837,527
2021-04-28$36.66$35.0030.2%8.8%24.9%0.0%30.3%5.4%-0.0%121.1M-1.40B-11.1M0.5012.02N/AN/A134,47266,9001,591,562846,971
2021-04-29$36.55$35.0030.9%8.9%24.5%1.9%30.8%5.9%-0.1%120.8M-1.36B-11.2M0.419.08N/AN/A92,36437,5481,673,385885,392
2021-04-30$35.58$35.0035.3%9.4%24.6%15.0%32.6%5.4%4.5%113.0M-724.7M-10.6M0.6537.59N/AN/A45,65829,9001,625,495911,346