EWZ Options History — June 2021

In June 2021, EWZ traded between $40.10 and $41.92. ATM implied volatility averaged 28.7%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 3.3% (HV 20d: 25.4%). Max pain ranged from $31.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.40.

Notable Days

  • 2021-06-09: Highest Volume — 1,536,400 contracts
  • 2021-06-25: Largest IV spike — 7.7% change
  • 2021-06-16: Highest IV Rank — 10.2%
  • 2021-06-02: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.97$40.10$41.92$40.32$40.65
Max Pain$37.84$31.00$40.00$37.00$40.00
ATM IV28.7%27.1%30.4%28.5%29.7%
Expected Move8.3%7.7%9.0%8.3%8.5%
HV 20d25.4%19.5%29.3%29.2%19.5%
HV 60d26.2%24.3%30.6%30.6%24.4%
IV Rank4.8%0.0%10.2%3.0%9.9%
IV Percentile3.2%0.0%8.7%0.4%8.7%
Term Structure0.3%-0.3%1.5%-0.2%0.4%
VWIV29.1%26.8%33.9%29.4%28.3%
Skew 25d5.2%3.3%6.9%3.3%6.9%
Skew 10d10.3%6.2%15.4%6.2%14.6%
Call IV 25d26.9%25.4%28.5%27.5%26.9%
Put IV 25d32.1%29.7%34.2%30.8%33.8%
Bid-Ask Spread %19.723.5846.064.2212.64
Gamma HHI0.150.120.220.160.12
Net GEX176.5M51.7M252.3M244.8M122.0M
Net DEX-1.65B-3.78B-169.6M-3.00B-820.2M
Net VEX-10.0M-11.5M-8.2M-8.5M-10.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.071.020.130.47
Total Volume238,271.04530,6671,536,400340,871113,303
Total OI2,399,203.0451,964,8662,721,7902,408,1472,258,955

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$40.32$37.0028.5%8.3%29.2%3.0%29.4%3.3%-0.2%244.8M-3.00B-8.5M0.134.22N/AN/A301,12239,7491,613,531794,616
2021-06-02$41.19$37.5029.7%9.0%28.9%6.7%31.8%4.8%-0.3%246.6M-3.60B-8.8M0.235.94N/AN/A326,62176,2851,687,061825,909
2021-06-03$40.68$31.0029.7%8.4%28.9%6.6%28.6%4.1%-0.3%233.2M-3.07B-8.8M0.127.23N/AN/A247,87530,0221,681,232872,401
2021-06-04$41.68$32.0027.7%8.0%29.3%0.5%27.3%3.8%-0.2%223.3M-3.78B-8.4M0.286.50N/AN/A98,92427,9601,721,498879,882
2021-06-07$41.84$32.0027.4%7.9%28.1%0.0%27.1%4.0%0.2%235.0M-3.65B-8.2M0.155.24N/AN/A183,18227,3441,676,943871,840
2021-06-08$41.58$35.0027.1%7.9%28.4%0.0%26.8%3.4%0.0%243.2M-3.31B-8.3M0.126.51N/AN/A244,47828,9461,690,083891,915
2021-06-09$41.41$35.0027.1%7.9%28.5%0.0%28.6%3.8%0.1%216.8M-2.94B-8.4M0.0728.77N/AN/A1,429,702106,6981,665,484904,106
2021-06-10$40.84$38.0028.2%8.1%24.4%3.4%26.9%5.4%0.0%129.5M-517.9M-9.1M0.3936.17N/AN/A219,28585,1651,279,831992,440
2021-06-11$40.27$39.0028.0%8.1%25.2%3.0%28.3%5.5%0.7%117.2M-214.5M-10.3M0.524.46N/AN/A104,87754,7781,485,3481,076,572
2021-06-14$40.77$39.0028.4%8.2%25.3%4.2%28.4%5.0%0.0%151.3M-487.7M-10.6M0.703.58N/AN/A66,54246,4641,506,8671,066,758
2021-06-15$40.97$39.0028.5%8.2%25.2%4.4%28.1%5.2%0.3%162.8M-724.6M-10.5M0.2820.89N/AN/A83,07423,5941,475,6021,034,266
2021-06-16$40.70$39.0030.4%8.7%25.4%10.2%28.4%5.9%1.5%162.3M-612.4M-10.9M0.1746.06N/AN/A101,10217,1471,527,6051,053,083
2021-06-17$40.36$39.0028.7%8.2%24.4%5.1%28.6%5.7%0.2%139.8M-345.9M-10.4M0.2839.08N/AN/A93,96126,5211,624,0331,063,505
2021-06-18$40.10$40.0029.4%8.4%24.6%7.2%29.4%6.1%0.2%51.7M-169.6M-10.3M0.307.40N/AN/A85,68225,3641,638,1531,083,637
2021-06-21$40.75$40.0029.5%8.4%24.0%7.4%31.1%5.5%0.1%149.5M-1.16B-10.5M0.8434.76N/AN/A16,68013,9871,289,857675,009
2021-06-22$41.16$40.0028.6%8.2%23.6%4.6%27.7%6.0%0.4%176.8M-1.34B-10.5M0.4937.33N/AN/A110,02154,2111,299,649685,362
2021-06-23$41.07$40.0028.3%8.0%22.6%3.7%31.5%5.8%0.3%181.7M-1.30B-11.2M1.0234.44N/AN/A74,00775,3401,357,717735,634
2021-06-24$41.92$40.0027.5%7.7%23.1%1.2%27.4%5.3%0.8%252.3M-1.88B-11.5M0.237.29N/AN/A137,43932,0541,371,944766,717
2021-06-25$41.03$40.0029.6%8.7%24.8%7.8%30.7%6.2%0.5%152.5M-1.21B-11.1M0.7934.98N/AN/A109,80286,3111,411,744784,461
2021-06-28$41.09$40.0030.0%8.8%23.9%9.1%33.9%6.7%0.5%141.4M-1.14B-11.2M0.4140.95N/AN/A70,87528,7141,386,795824,165
2021-06-29$41.02$40.0029.4%8.5%20.7%8.2%32.7%6.6%0.4%149.1M-1.09B-11.0M0.879.45N/AN/A62,43354,3221,427,636822,621
2021-06-30$40.65$40.0029.7%8.5%19.5%9.9%28.3%6.9%0.4%122.0M-820.2M-10.8M0.4712.64N/AN/A77,30336,0001,428,806830,149