EWZ Options History — September 2021

In September 2021, EWZ traded between $32.15 and $36.67. ATM implied volatility averaged 36.2%, placing in the 34.1% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 1.0% (HV 20d: 35.2%). Max pain ranged from $34.00 to $38.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.38.

Notable Days

  • 2021-09-08: Highest Volume — 647,162 contracts
  • 2021-09-20: Largest IV spike — 12.7% change
  • 2021-09-20: Highest IV Rank — 55.5%
  • 2021-09-20: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.17$32.15$36.67$36.67$32.33
Max Pain$35.62$34.00$38.00$38.00$34.00
ATM IV36.2%31.2%41.9%31.2%38.1%
Expected Move10.3%8.6%12.1%8.6%10.7%
HV 20d35.2%25.5%40.7%25.5%37.7%
HV 60d31.8%28.3%33.8%28.3%32.5%
IV Rank34.1%15.6%55.5%15.6%41.4%
IV Percentile49.5%20.2%83.3%20.2%65.9%
Term Structure-0.0%-1.1%1.1%0.4%0.5%
VWIV36.0%30.9%42.6%30.9%39.7%
Skew 25d6.3%4.9%7.6%4.9%6.6%
Skew 10d9.9%-12.9%20.6%9.8%13.1%
Call IV 25d33.4%28.9%38.0%28.9%35.6%
Put IV 25d39.7%33.8%45.4%33.8%42.1%
Bid-Ask Spread %12.893.0356.545.565.89
Gamma HHI0.120.070.210.070.10
Net GEX-59.2M-162.5M-13.4M-21.4M-45.5M
Net DEX1.69B578.6M2.71B578.6M1.94B
Net VEX-8.2M-9.0M-6.7M-8.1M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.380.394.162.351.40
Total Volume211,026.14359,913647,162143,882246,420
Total OI2,615,201.812,103,0203,152,2652,292,0042,642,093

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$36.67$38.0031.2%8.6%25.5%15.6%30.9%4.9%0.4%-21.4M578.6M-8.1M2.355.56N/AN/A42,939100,9431,028,2231,263,781
2021-09-02$35.88$35.0032.5%9.4%26.5%20.4%33.1%5.5%1.1%-85.1M1.24B-8.6M0.993.03N/AN/A120,092119,2251,054,9911,451,443
2021-09-03$35.86$36.0032.2%9.4%26.5%19.2%32.8%5.4%0.4%-102.1M1.32B-8.6M0.696.10N/AN/A145,884100,4881,064,1961,507,192
2021-09-07$36.01$36.0033.3%9.6%26.5%23.1%32.5%5.5%0.1%-46.9M1.11B-8.5M0.825.56N/AN/A52,62443,2161,085,7211,377,780
2021-09-08$34.00$36.0036.9%10.6%33.0%36.9%35.1%5.6%-0.1%-88.1M2.24B-8.0M1.426.49N/AN/A267,036380,1261,201,8471,438,426
2021-09-09$35.36$36.0037.3%10.6%36.5%38.1%37.8%7.2%-0.3%-38.7M1.45B-9.0M1.4056.54N/AN/A113,181158,3171,293,3021,459,621
2021-09-10$34.59$36.0036.7%10.3%36.9%35.9%35.3%5.7%-1.0%-99.8M1.96B-9.0M0.8714.20N/AN/A127,162111,1871,506,7811,602,592
2021-09-13$35.32$36.0036.7%10.5%37.8%35.9%36.1%6.4%-1.1%-56.8M1.40B-9.0M0.563.92N/AN/A94,82653,5111,361,9451,555,552
2021-09-14$35.00$36.0035.9%10.3%37.3%32.9%35.0%6.2%-0.2%-72.5M1.72B-8.8M4.1614.05N/AN/A43,839182,3871,398,4581,594,706
2021-09-15$34.81$36.0035.5%10.2%37.2%31.4%32.9%6.0%-0.2%-97.3M1.88B-8.6M1.338.22N/AN/A133,184177,3621,408,8991,608,392
2021-09-16$34.17$36.0036.1%10.4%36.7%33.6%38.5%6.6%-0.4%-162.5M2.70B-8.1M1.683.92N/AN/A51,06285,7691,435,0031,717,262
2021-09-17$33.39$37.0037.2%10.8%37.2%37.8%37.7%6.1%-1.1%-66.2M2.71B-7.4M1.514.42N/AN/A81,039122,1601,464,4101,579,136
2021-09-20$32.15$37.0041.9%12.1%39.0%55.5%42.6%7.4%-0.2%-31.7M1.91B-6.7M0.9413.08N/AN/A98,56092,995986,4911,116,529
2021-09-21$33.10$37.0039.3%11.3%40.7%45.9%38.6%7.6%-0.3%-37.6M1.75B-7.4M0.4230.41N/AN/A154,01164,7591,020,6111,162,654
2021-09-22$33.56$36.0037.3%10.7%37.8%38.4%38.0%7.0%0.1%-31.7M1.58B-7.8M0.3931.81N/AN/A127,19049,4451,073,6351,200,198
2021-09-23$33.88$34.0034.9%9.9%37.6%29.3%35.5%6.0%1.0%-13.4M1.39B-8.0M2.855.18N/AN/A69,534198,4481,198,2201,199,760
2021-09-24$33.44$34.0034.8%9.9%37.2%28.9%34.3%6.0%0.4%-13.5M1.49B-8.0M1.584.47N/AN/A31,39949,7051,297,1151,224,225
2021-09-27$33.48$34.0035.3%10.0%35.7%30.9%36.0%6.1%-0.1%-29.3M1.31B-8.1M2.5635.81N/AN/A39,343100,6251,152,8531,219,443
2021-09-28$32.20$34.0039.0%11.2%37.7%44.8%37.6%7.1%0.1%-44.7M1.86B-7.6M0.417.12N/AN/A100,32341,3201,168,0531,258,819
2021-09-29$32.38$34.0038.1%10.7%38.0%41.2%37.0%6.6%0.3%-59.0M1.95B-7.8M0.724.85N/AN/A34,83525,0781,196,1421,342,738
2021-09-30$32.33$34.0038.1%10.7%37.7%41.4%39.7%6.6%0.5%-45.5M1.94B-8.1M1.405.89N/AN/A102,486143,9341,279,1621,362,931