EWZ Options History — August 2021

In August 2021, EWZ traded between $34.51 and $38.00. ATM implied volatility averaged 32.1%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 1.6% (HV 20d: 30.5%). Max pain ranged from $37.00 to $42.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.33.

Notable Days

  • 2021-08-18: Highest Volume — 361,500 contracts
  • 2021-08-26: Largest IV spike — 7.3% change
  • 2021-08-19: Highest IV Rank — 28.0%
  • 2021-08-02: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.63$34.51$38.00$37.98$36.45
Max Pain$40.27$37.00$42.00$39.00$38.00
ATM IV32.1%30.1%34.6%33.3%31.2%
Expected Move9.2%8.5%9.9%9.9%8.6%
HV 20d30.5%25.5%38.0%38.0%25.5%
HV 60d28.7%28.1%30.2%30.2%28.3%
IV Rank18.7%11.4%28.0%23.2%15.4%
IV Percentile21.7%11.1%34.9%25.4%19.8%
Term Structure0.0%-3.3%1.3%-0.5%1.0%
VWIV32.2%26.4%36.5%33.7%31.0%
Skew 25d5.7%4.6%7.1%6.6%4.7%
Skew 10d13.6%6.2%28.9%17.1%9.1%
Call IV 25d29.8%28.0%31.9%30.6%29.2%
Put IV 25d35.5%32.9%39.1%37.2%34.0%
Bid-Ask Spread %11.864.2944.898.645.19
Gamma HHI0.130.070.550.110.07
Net GEX-18.8M-187.6M72.8M31.7M-25.5M
Net DEX835.3M-23.4M2.13B226.8M680.0M
Net VEX-8.1M-8.9M-7.2M-8.3M-7.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.254.650.443.65
Total Volume193,766.27370,915361,500204,384307,934
Total OI2,348,732.4091,937,4412,865,7701,937,4412,134,999

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$37.98$39.0033.3%9.9%38.0%23.2%33.7%6.6%-0.5%31.7M226.8M-8.3M0.448.64N/AN/A141,72562,6591,122,080815,361
2021-08-03$38.00$38.5032.8%9.6%34.2%21.6%35.1%6.4%-0.6%49.2M186.0M-8.9M0.878.51N/AN/A103,40290,2081,285,838869,375
2021-08-04$37.64$38.5033.1%9.5%34.2%22.6%32.4%6.0%-3.3%31.3M408.8M-8.8M0.3510.26N/AN/A110,18738,1021,350,948905,800
2021-08-05$37.41$42.0032.2%9.4%33.7%19.3%33.2%6.5%-0.6%21.6M491.1M-8.7M1.0144.89N/AN/A94,15495,0491,409,648936,902
2021-08-06$37.50$42.0031.0%9.1%33.2%14.6%31.8%5.7%-0.1%21.3M476.5M-8.6M1.495.20N/AN/A58,21786,9511,477,962949,427
2021-08-09$37.57$42.0031.0%8.7%32.2%14.6%26.4%6.2%-0.5%11.8M548.1M-8.5M0.625.28N/AN/A63,08538,9671,336,877983,636
2021-08-10$37.61$42.0030.6%8.7%32.2%13.2%31.8%5.2%-0.3%7.7M556.9M-8.5M4.654.29N/AN/A18,56186,3231,347,3361,038,145
2021-08-11$37.50$42.0030.1%8.9%31.0%11.4%30.3%4.9%0.9%-125.2K628.4M-8.5M1.575.07N/AN/A37,66759,2791,379,0661,066,640
2021-08-12$36.91$42.0030.4%8.8%31.1%12.4%31.1%4.6%0.3%-42.9M1.01B-8.3M1.156.26N/AN/A60,08569,0361,390,3261,125,815
2021-08-13$37.00$42.0030.7%8.9%31.0%13.5%31.9%5.0%0.4%-75.2M1.01B-8.1M0.815.21N/AN/A113,92791,9451,400,0701,132,927
2021-08-16$36.25$42.0032.3%9.3%28.3%19.6%32.6%5.9%0.2%-76.5M1.38B-7.8M1.184.64N/AN/A32,49038,4251,266,4271,155,715
2021-08-17$35.93$42.0032.8%9.4%27.6%21.4%34.0%5.7%0.4%-87.4M1.55B-7.7M3.365.86N/AN/A31,200104,7491,317,7451,184,661
2021-08-18$35.03$42.0034.1%9.8%27.9%26.2%32.8%5.8%0.4%-86.6M1.95B-7.6M0.265.61N/AN/A285,89175,6091,329,2561,202,068
2021-08-19$34.51$42.0034.6%9.8%28.1%28.0%36.5%7.1%1.3%-84.0M2.13B-7.2M1.045.68N/AN/A131,859136,7481,329,4321,235,153
2021-08-20$34.93$42.0033.6%9.6%28.7%24.3%32.5%5.8%0.8%-187.6M2.08B-7.2M0.2526.32N/AN/A264,92267,0141,596,8771,268,893
2021-08-23$34.82$41.0033.0%9.3%27.7%22.2%32.9%5.7%-0.4%-40.4M1.35B-7.3M0.6535.06N/AN/A96,05662,627956,8931,056,149
2021-08-24$36.31$38.0031.9%9.0%32.3%17.9%30.4%5.4%0.5%18.6M506.5M-8.0M0.674.94N/AN/A108,28972,5461,135,6581,067,562
2021-08-25$36.80$37.0030.9%8.6%31.1%14.4%31.1%5.6%-0.1%72.8M-23.4M-8.4M0.7428.37N/AN/A141,148105,0511,265,7531,104,142
2021-08-26$36.03$37.0033.2%9.3%31.6%22.9%32.3%5.8%0.1%33.8M582.4M-8.4M0.715.37N/AN/A162,735116,1711,221,6981,102,403
2021-08-27$36.93$37.0031.3%8.5%26.1%15.7%31.7%5.6%-0.1%16.2M64.4M-8.3M1.6422.47N/AN/A69,824114,4751,181,8221,137,866
2021-08-30$36.75$38.0031.5%8.9%25.5%16.4%32.3%5.3%0.9%-22.9M585.7M-7.9M2.187.80N/AN/A68,369149,197949,6631,147,099
2021-08-31$36.45$38.0031.2%8.6%25.5%15.4%31.0%4.7%1.0%-25.5M680.0M-7.9M3.655.19N/AN/A66,222241,712975,5861,159,413