EWZ Options History — December 2021

In December 2021, EWZ traded between $27.43 and $31.25. ATM implied volatility averaged 35.9%, placing in the 38.5% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 3.6% (HV 20d: 32.4%). Max pain ranged from $31.00 to $35.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.85.

Notable Days

  • 2021-12-10: Highest Volume — 424,784 contracts
  • 2021-12-13: Largest IV spike — 24.9% change
  • 2021-12-01: Highest IV Rank — 73.9%
  • 2021-12-01: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.78$27.43$31.25$28.73$28.11
Max Pain$33.09$31.00$35.00$35.00$33.00
ATM IV35.9%29.6%44.1%44.1%32.1%
Expected Move10.5%8.7%16.0%16.0%8.9%
HV 20d32.4%24.6%36.9%29.7%35.0%
HV 60d34.2%32.8%36.0%35.2%34.1%
IV Rank38.5%11.1%73.9%73.9%21.6%
IV Percentile50.2%8.3%89.7%89.7%25.0%
Term Structure-0.3%-2.9%0.6%-1.8%0.5%
VWIV36.4%28.3%53.7%53.7%30.8%
Skew 25d4.0%-1.1%6.9%5.6%4.2%
Skew 10d6.6%-0.1%10.3%7.2%6.6%
Call IV 25d34.1%29.8%39.6%39.6%29.8%
Put IV 25d38.1%29.6%45.7%45.2%34.0%
Bid-Ask Spread %28.302.9557.4554.8831.58
Gamma HHI0.120.080.390.100.09
Net GEX9.7M-18.3M74.4M9.3M-410.5K
Net DEX1.40B968.6M2.14B2.05B1.01B
Net VEX-6.5M-6.8M-6.0M-6.1M-6.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.311.911.150.87
Total Volume220,177.818112,125424,784191,062112,125
Total OI2,939,553.9552,032,3963,769,8113,633,9082,410,091

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$28.73$35.0044.1%16.0%29.7%73.9%53.7%5.6%-1.8%9.3M2.05B-6.1M1.1554.88N/AN/A88,822102,2402,243,3191,390,589
2021-12-02$29.64$35.0042.7%14.8%29.4%67.9%48.3%4.8%-2.9%49.3M1.76B-6.7M0.4641.52N/AN/A202,23793,0562,258,0531,392,066
2021-12-03$29.64$35.0043.6%15.9%26.7%72.0%51.3%6.9%-1.9%19.9M1.76B-6.8M0.6357.45N/AN/A198,453125,5892,346,7731,423,038
2021-12-06$30.23$31.0039.0%10.2%25.7%52.0%36.9%2.4%-1.1%34.4M1.60B-6.8M1.4555.77N/AN/A59,81786,7042,155,0251,393,314
2021-12-07$30.57$31.0036.6%9.5%25.8%41.5%34.4%3.1%-0.6%47.2M1.48B-6.8M0.3121.23N/AN/A276,58585,6652,148,3861,396,385
2021-12-08$31.25$33.0033.6%9.3%26.0%28.4%34.0%1.8%-0.5%57.0M1.34B-6.5M0.6718.04N/AN/A196,900132,1452,069,4001,403,052
2021-12-09$30.52$33.0032.9%9.1%27.4%25.2%33.3%1.5%0.2%37.8M1.69B-6.3M1.4237.63N/AN/A63,33889,9682,091,9581,432,078
2021-12-10$30.65$33.0029.6%8.7%24.6%11.1%28.3%-1.1%0.2%74.4M1.59B-6.0M0.5054.91N/AN/A282,455142,3292,106,3241,434,095
2021-12-13$28.53$33.0037.0%10.5%34.8%43.2%36.8%4.3%-0.6%-12.8M2.14B-6.8M1.0355.38N/AN/A137,013141,3721,949,9261,384,490
2021-12-14$28.14$33.0038.2%10.9%34.9%48.3%38.1%4.6%-0.5%-17.8M1.52B-6.6M0.508.85N/AN/A126,67662,9631,978,6451,144,334
2021-12-15$28.10$33.0037.2%10.7%34.4%44.0%38.6%4.9%-0.1%-18.3M1.54B-6.5M0.6412.99N/AN/A111,10971,5652,005,0801,158,828
2021-12-16$28.57$33.0036.6%10.3%34.7%41.6%36.2%4.5%-0.9%-14.8M1.43B-6.7M0.659.37N/AN/A146,38995,8602,010,4551,158,438
2021-12-17$28.34$33.0036.9%10.6%34.3%42.7%36.7%5.4%0.3%-13.4M1.46B-6.7M0.5615.47N/AN/A132,42374,5572,042,6921,172,105
2021-12-20$27.44$33.0038.7%11.1%36.0%50.7%37.6%5.5%0.1%-9.5M1.06B-6.2M1.2243.29N/AN/A85,498104,5131,149,878882,518
2021-12-21$27.58$33.0035.9%10.3%36.1%38.4%35.8%5.1%0.1%-11.5M1.09B-6.3M0.975.52N/AN/A88,72685,8141,172,354930,336
2021-12-22$27.87$33.0033.3%9.6%36.0%27.1%29.4%4.5%0.5%-8.8M1.06B-6.5M1.033.26N/AN/A76,33678,4431,218,892940,787
2021-12-23$27.79$33.0032.2%9.2%35.7%22.2%32.4%3.8%0.3%-6.6M1.07B-6.3M0.928.17N/AN/A83,46177,1341,238,307950,951
2021-12-27$28.12$33.0033.2%9.4%35.8%26.8%31.8%4.2%0.5%-2.1M994.9M-6.4M0.442.95N/AN/A156,97368,9531,234,900958,228
2021-12-28$27.96$33.0032.4%9.0%35.8%23.2%31.5%4.4%0.4%630.4K1.01B-6.5M0.825.53N/AN/A75,11661,9421,324,648964,861
2021-12-29$27.43$33.0032.1%8.9%36.2%21.8%31.0%4.0%0.5%-5.2M1.15B-6.0M0.5735.26N/AN/A98,62256,2051,333,786967,392
2021-12-30$27.96$33.0032.2%9.2%36.9%22.3%33.0%3.8%0.6%4.2M968.6M-6.5M1.9143.46N/AN/A71,397136,4241,331,037972,373
2021-12-31$28.11$33.0032.1%8.9%35.0%21.6%30.8%4.2%0.5%-410.5K1.01B-6.6M0.8731.58N/AN/A59,93052,1951,349,2481,060,843