EWZ Options History — July 2021

In July 2021, EWZ traded between $37.39 and $40.34. ATM implied volatility averaged 31.6%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 2.4% (HV 20d: 29.2%). Max pain ranged from $39.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2021-07-30: Highest Volume — 323,705 contracts
  • 2021-07-19: Largest IV spike — 17.1% change
  • 2021-07-19: Highest IV Rank — 34.1%
  • 2021-07-19: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.92$37.39$40.34$39.61$37.39
Max Pain$39.10$39.00$40.00$40.00$39.00
ATM IV31.6%29.0%36.2%30.9%33.8%
Expected Move9.0%8.2%10.3%8.8%9.6%
HV 20d29.2%19.9%38.0%21.1%38.0%
HV 60d27.4%24.9%30.2%25.0%30.2%
IV Rank16.9%7.2%34.1%14.4%25.3%
IV Percentile15.3%5.6%31.7%11.9%27.0%
Term Structure0.1%-0.3%0.4%0.4%0.4%
VWIV31.1%28.3%34.9%29.8%32.3%
Skew 25d6.3%5.1%7.8%6.6%5.8%
Skew 10d13.3%8.7%24.8%11.4%24.8%
Call IV 25d29.0%26.5%32.6%28.2%31.7%
Put IV 25d35.3%32.3%40.4%34.8%37.4%
Bid-Ask Spread %20.999.2556.4635.9338.78
Gamma HHI0.110.060.220.100.10
Net GEX57.1M9.5M118.4M67.1M18.8M
Net DEX-93.1M-777.6M453.6M-242.7M453.6M
Net VEX-9.1M-10.2M-8.5M-9.9M-8.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.121.630.640.30
Total Volume123,494.38141,086323,70588,021323,705
Total OI2,154,425.9521,656,6192,605,1962,215,8252,086,151

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$39.61$40.0030.9%8.8%21.1%14.4%29.8%6.6%0.4%67.1M-242.7M-9.9M0.6435.93N/AN/A53,78534,2361,411,131804,694
2021-07-02$40.24$40.0029.3%8.2%19.9%8.2%29.0%6.1%0.1%108.7M-528.5M-10.2M0.2611.99N/AN/A112,48529,7941,450,397822,095
2021-07-06$38.39$39.0032.6%9.5%25.4%20.6%31.9%6.7%-0.1%15.1M276.0M-9.1M1.6356.46N/AN/A21,04734,3361,467,526805,074
2021-07-07$38.67$39.0032.9%9.0%25.7%21.9%31.2%6.6%-0.3%9.5M216.4M-8.9M0.1213.37N/AN/A191,54923,4531,460,007821,808
2021-07-08$38.02$39.0033.8%9.5%26.2%25.0%34.9%7.2%-0.3%10.5M387.5M-8.9M0.2214.06N/AN/A180,48138,9931,615,112829,197
2021-07-09$38.61$39.0031.6%9.1%26.8%17.0%31.4%6.3%-0.1%57.7M86.8M-9.3M0.9713.13N/AN/A45,73344,2391,753,663851,533
2021-07-12$39.41$39.0030.4%8.7%27.7%12.4%30.6%5.8%0.1%93.3M-314.1M-9.3M0.5311.87N/AN/A69,93137,0031,641,967859,023
2021-07-13$39.51$39.0030.0%8.6%27.3%11.1%30.4%5.9%-0.0%100.5M-365.7M-9.3M0.139.25N/AN/A159,69419,9801,662,658869,028
2021-07-14$40.34$39.0029.0%8.4%28.3%7.2%29.7%5.1%0.2%116.8M-777.6M-9.3M0.2511.83N/AN/A104,39626,0781,578,015868,283
2021-07-15$39.75$39.0030.8%8.8%28.7%14.0%28.9%5.3%0.1%58.1M-347.9M-9.1M0.1912.84N/AN/A121,87522,7461,580,400882,509
2021-07-16$39.25$39.0030.9%8.9%28.9%14.3%30.4%5.7%0.1%40.2M-140.4M-9.1M1.0811.46N/AN/A36,47139,2141,687,753886,456
2021-07-19$37.66$39.0036.2%10.3%32.2%34.1%34.1%7.8%-0.3%14.6M308.1M-8.5M0.3718.97N/AN/A60,82122,496913,737742,882
2021-07-20$38.27$39.0033.3%9.5%32.1%23.3%33.8%6.6%0.3%28.6M118.8M-8.6M0.4512.91N/AN/A82,80337,188937,037753,753
2021-07-21$38.80$39.0031.8%9.1%32.4%17.5%31.0%7.0%0.2%52.5M-103.5M-9.2M0.3535.42N/AN/A75,65526,5891,002,842773,733
2021-07-22$38.66$39.0031.3%9.0%32.4%15.8%31.0%6.6%0.1%50.4M-77.4M-8.9M0.6412.36N/AN/A32,36520,6071,058,642777,748
2021-07-23$38.26$39.0030.0%8.6%31.2%11.1%32.0%6.5%0.4%38.0M123.1M-8.7M0.3731.22N/AN/A87,52932,6421,097,819794,002
2021-07-26$38.88$39.0031.1%8.8%31.4%15.1%28.3%6.2%0.4%53.7M-125.9M-8.9M0.2720.16N/AN/A95,33425,5611,019,852772,096
2021-07-27$38.50$39.0032.8%9.3%31.4%21.5%31.5%7.2%-0.2%42.3M41.5M-8.8M0.3811.60N/AN/A82,82431,7901,075,209794,230
2021-07-28$39.53$39.0030.5%8.5%33.2%12.7%29.5%6.3%-0.0%104.2M-414.6M-9.5M0.4811.41N/AN/A45,27321,5951,167,284814,780
2021-07-29$39.64$39.0030.6%8.4%33.1%13.0%30.5%5.5%-0.3%118.4M-528.1M-9.5M0.7945.81N/AN/A22,98818,0981,219,366833,453
2021-07-30$37.39$39.0033.8%9.6%38.0%25.3%32.3%5.8%0.4%18.8M453.6M-8.5M0.3038.78N/AN/A249,52374,1821,240,272845,879