EWZ Options History — October 2021

In October 2021, EWZ traded between $29.29 and $33.27. ATM implied volatility averaged 35.9%, placing in the 33.2% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 1.9% (HV 20d: 34.0%). Max pain ranged from $34.00 to $34.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.09.

Notable Days

2021-10-22: Highest Volume — 448,124 contracts
2021-10-19: Largest IV spike — 12.7% change
2021-10-21: Highest IV Rank — 47.2%
2021-10-21: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.60	$29.29	$33.27	$33.07	$29.29
Max Pain	$34.00	$34.00	$34.00	$34.00	$34.00
ATM IV	35.9%	29.8%	39.7%	36.6%	37.3%
Expected Move	10.3%	8.7%	11.4%	10.3%	11.0%
HV 20d	34.0%	27.8%	39.9%	38.6%	36.6%
HV 60d	32.9%	31.4%	34.3%	32.8%	33.8%
IV Rank	33.2%	10.4%	47.2%	35.7%	38.5%
IV Percentile	51.9%	9.9%	80.6%	52.0%	65.1%
Term Structure	0.1%	-0.6%	0.9%	0.7%	0.4%
VWIV	36.1%	30.1%	40.8%	37.4%	39.0%
Skew 25d	5.4%	4.4%	6.9%	5.4%	4.8%
Skew 10d	9.3%	6.6%	12.3%	11.0%	6.6%
Call IV 25d	33.6%	28.1%	37.7%	34.3%	35.6%
Put IV 25d	39.0%	32.5%	43.1%	39.8%	40.4%
Bid-Ask Spread %	10.34	3.39	32.35	8.95	8.30
Gamma HHI	0.10	0.07	0.18	0.18	0.09
Net GEX	-25.5M	-61.3M	18.9M	-47.5M	-20.2M
Net DEX	1.68B	1.04B	2.19B	1.46B	2.19B
Net VEX	-7.8M	-8.6M	-6.9M	-8.3M	-6.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.09	0.43	4.22	4.22	1.01
Total Volume	210,205.952	23,803	448,124	253,471	258,966
Total OI	2,856,884.762	2,147,498	3,175,426	2,550,362	3,175,426

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-10-01	$33.07	$34.00	36.6%	10.3%	38.6%	35.7%	37.4%	5.4%	0.7%	-47.5M	1.46B	-8.3M	4.22	8.95	N/A	N/A	48,535	204,936	1,256,740	1,293,622
2021-10-04	$31.98	$34.00	39.0%	10.9%	39.9%	44.6%	36.1%	6.9%	-0.6%	-36.7M	1.73B	-7.8M	1.14	7.03	N/A	N/A	64,029	72,812	1,304,373	1,340,162
2021-10-05	$31.99	$34.00	37.8%	10.6%	39.8%	40.3%	36.4%	6.0%	-0.6%	-45.0M	1.77B	-7.8M	0.80	5.98	N/A	N/A	85,112	68,176	1,330,539	1,388,106
2021-10-06	$31.95	$34.00	37.2%	10.5%	34.9%	38.0%	37.9%	6.0%	-0.1%	-53.0M	1.87B	-7.9M	0.66	10.49	N/A	N/A	223,527	147,397	1,374,366	1,444,211
2021-10-07	$31.90	$34.00	35.3%	10.0%	31.1%	30.7%	35.0%	5.3%	0.1%	-58.2M	1.91B	-7.9M	0.95	4.91	N/A	N/A	48,932	46,470	1,409,070	1,457,773
2021-10-08	$32.39	$34.00	33.7%	9.7%	31.3%	24.6%	33.7%	5.6%	0.4%	-43.7M	1.75B	-8.3M	0.68	4.56	N/A	N/A	76,290	51,757	1,548,241	1,520,567
2021-10-11	$32.14	$34.00	35.1%	10.1%	29.9%	30.0%	34.9%	6.0%	0.1%	-57.4M	1.88B	-7.9M	1.05	3.59	N/A	N/A	23,128	24,364	1,503,024	1,501,851
2021-10-12	$31.99	$34.00	34.5%	9.8%	29.9%	27.7%	34.1%	5.4%	-0.1%	-61.3M	1.97B	-7.9M	1.01	4.94	N/A	N/A	11,844	11,959	1,536,469	1,509,006
2021-10-13	$32.56	$34.00	33.1%	9.6%	30.9%	22.5%	33.8%	4.9%	0.2%	-48.6M	1.66B	-7.9M	2.71	19.88	N/A	N/A	38,914	105,304	1,546,655	1,518,625
2021-10-14	$32.48	$34.00	31.5%	9.2%	30.4%	16.5%	31.2%	4.7%	0.6%	-57.7M	1.73B	-7.6M	0.45	10.35	N/A	N/A	63,498	28,393	1,548,056	1,525,080
2021-10-15	$33.27	$34.00	29.8%	8.7%	30.8%	10.4%	30.1%	4.4%	0.9%	804.2K	1.09B	-7.9M	0.63	6.47	N/A	N/A	101,274	63,883	1,560,531	1,588,505
2021-10-18	$32.88	$34.00	32.4%	9.3%	27.8%	19.7%	33.6%	4.8%	-0.4%	1.1M	1.04B	-7.7M	0.43	4.23	N/A	N/A	123,075	53,495	1,110,018	1,037,480
2021-10-19	$31.31	$34.00	36.4%	10.4%	31.0%	35.1%	36.1%	6.6%	-0.4%	-9.8M	1.51B	-7.4M	0.48	4.66	N/A	N/A	207,220	99,188	1,174,416	1,080,049
2021-10-20	$31.75	$34.00	35.9%	10.3%	31.0%	33.0%	34.8%	5.9%	-0.2%	9.4M	1.32B	-8.3M	1.48	11.15	N/A	N/A	110,417	163,557	1,474,111	1,192,742
2021-10-21	$30.08	$34.00	39.7%	11.4%	35.5%	47.2%	39.8%	5.7%	-0.4%	-16.6M	1.96B	-7.2M	0.82	23.45	N/A	N/A	224,155	184,840	1,518,374	1,240,494
2021-10-22	$30.05	$34.00	39.6%	11.4%	35.5%	47.0%	40.8%	5.3%	-0.5%	-7.2M	1.91B	-7.6M	0.87	32.35	N/A	N/A	239,143	208,981	1,635,651	1,268,258
2021-10-25	$31.25	$34.00	37.8%	11.0%	38.8%	40.1%	38.1%	5.1%	0.6%	18.9M	1.35B	-8.6M	0.75	30.51	N/A	N/A	149,521	111,919	1,665,663	1,307,236
2021-10-26	$30.64	$34.00	37.6%	11.0%	37.0%	39.6%	38.1%	5.1%	0.8%	3.3M	1.64B	-7.9M	1.10	3.39	N/A	N/A	100,905	111,139	1,662,334	1,313,371
2021-10-27	$30.58	$34.00	37.9%	11.1%	36.9%	40.7%	38.5%	5.0%	0.8%	3.1M	1.67B	-7.9M	0.76	4.52	N/A	N/A	131,722	100,730	1,699,636	1,337,297
2021-10-28	$30.03	$34.00	36.6%	10.7%	37.3%	35.6%	37.5%	4.6%	0.7%	-9.4M	1.92B	-7.3M	0.91	7.50	N/A	N/A	117,721	107,097	1,745,504	1,350,948
2021-10-29	$29.29	$34.00	37.3%	11.0%	36.6%	38.5%	39.0%	4.8%	0.4%	-20.2M	2.19B	-6.9M	1.01	8.30	N/A	N/A	128,700	130,266	1,790,842	1,384,584