EWZ Options History — February 2022

In February 2022, EWZ traded between $31.76 and $33.65. ATM implied volatility averaged 31.9%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 9.1% (HV 20d: 22.7%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 1.18.

Notable Days

  • 2022-02-04: Highest Volume — 377,246 contracts
  • 2022-02-11: Largest IV spike — 13.5% change
  • 2022-02-24: Highest IV Rank — 35.6%
  • 2022-02-28: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.64$31.76$33.65$32.19$33.16
Max Pain$30.26$30.00$31.00$30.00$31.00
ATM IV31.9%28.9%35.3%32.2%34.9%
Expected Move9.2%8.3%10.3%9.2%10.3%
HV 20d22.7%15.9%29.0%28.8%19.5%
HV 60d29.8%28.9%31.3%31.3%29.7%
IV Rank20.8%7.8%35.6%22.1%33.9%
IV Percentile28.9%5.6%61.5%26.6%59.5%
Term Structure0.5%-1.1%1.6%0.5%0.4%
VWIV32.7%29.5%38.3%33.6%38.3%
Skew 25d5.8%4.7%7.5%4.7%7.2%
Skew 10d11.0%8.2%14.3%9.0%14.2%
Call IV 25d29.6%27.0%32.9%30.4%31.7%
Put IV 25d35.4%31.8%39.2%35.1%38.9%
Bid-Ask Spread %35.235.9266.0345.7948.22
Gamma HHI0.180.100.560.110.12
Net GEX59.2M17.4M176.3M49.8M31.1M
Net DEX-622.5M-1.33B-88.8M-681.6M-357.3M
Net VEX-10.3M-11.1M-8.3M-8.3M-11.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.422.231.211.29
Total Volume220,268.316129,319377,246170,283143,559
Total OI2,497,189.4212,035,5142,907,5422,252,4262,222,107

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$32.19$30.0032.2%9.2%28.8%22.1%33.6%4.7%0.5%49.8M-681.6M-8.3M1.2145.79N/AN/A77,04793,2361,015,6541,236,772
2022-02-02$31.93$30.0031.8%9.1%29.0%20.7%32.3%5.0%0.2%50.1M-604.5M-8.5M0.667.99N/AN/A77,81151,5081,069,8081,288,355
2022-02-03$31.76$30.0032.2%9.5%27.1%22.1%34.6%5.7%0.4%50.3M-538.1M-8.6M0.7451.79N/AN/A94,93169,8431,087,0331,306,007
2022-02-04$31.77$30.0030.5%8.9%27.3%14.8%32.0%4.9%0.3%47.7M-482.3M-9.1M1.365.96N/AN/A159,987217,2591,131,1871,393,458
2022-02-07$32.03$30.0031.2%9.0%27.0%18.0%31.8%5.2%0.3%39.5M-532.7M-9.6M1.915.92N/AN/A94,469180,3671,131,5281,332,986
2022-02-08$32.08$30.0030.2%8.8%26.0%13.7%30.9%5.2%0.5%40.1M-538.5M-10.2M1.716.27N/AN/A127,456218,0421,175,0531,392,500
2022-02-09$32.24$30.0029.2%8.6%24.1%9.3%31.4%4.7%0.8%53.9M-579.7M-10.6M0.8366.03N/AN/A96,61980,2431,247,5311,447,281
2022-02-10$32.46$30.0030.2%9.0%22.3%13.4%30.0%5.0%1.6%64.1M-647.4M-10.8M2.2351.02N/AN/A65,238145,5931,276,4691,471,093
2022-02-11$32.42$30.0034.2%10.1%22.3%31.1%34.0%7.5%1.6%65.6M-603.2M-11.0M0.7319.06N/AN/A130,14295,2551,291,8661,502,813
2022-02-14$32.74$30.0034.1%9.8%22.2%30.7%34.1%7.1%0.8%54.6M-755.8M-10.8M1.8618.61N/AN/A103,545192,5511,267,8291,391,034
2022-02-15$33.20$30.0031.1%8.9%21.4%17.4%31.7%6.9%0.7%70.0M-1.02B-11.0M1.2259.25N/AN/A75,18291,9571,302,2231,475,546
2022-02-16$33.65$30.0028.9%8.3%18.6%7.8%29.5%5.9%1.4%86.5M-1.33B-10.9M0.4254.05N/AN/A138,63158,7381,320,3321,492,802
2022-02-17$32.97$30.0031.2%8.9%20.8%17.7%31.1%5.6%0.2%70.8M-879.1M-10.9M1.287.89N/AN/A84,571108,1481,335,5011,512,517
2022-02-18$32.94$30.0031.1%8.9%20.4%17.3%32.2%5.8%0.3%176.3M-824.1M-10.9M0.9157.89N/AN/A129,423117,8251,348,9731,558,569
2022-02-22$33.46$31.0032.1%9.1%19.2%22.0%31.7%6.3%0.8%36.3M-525.7M-11.1M0.7850.99N/AN/A122,96395,9531,026,3251,009,189
2022-02-23$33.58$31.0033.5%9.6%15.9%27.9%34.1%6.2%-0.8%29.4M-538.6M-11.1M1.2421.76N/AN/A58,22572,4601,008,5051,054,663
2022-02-24$32.59$31.0035.3%10.2%20.1%35.6%37.2%6.3%-1.1%17.4M-88.8M-11.0M1.1244.90N/AN/A132,172147,8461,064,1481,078,393
2022-02-25$32.96$31.0031.5%8.9%19.7%19.0%31.7%5.8%0.1%91.1M-296.6M-11.0M0.9946.02N/AN/A118,563117,7401,115,0831,065,466
2022-02-28$33.16$31.0034.9%10.3%19.5%33.9%38.3%7.2%0.4%31.1M-357.3M-11.0M1.2948.22N/AN/A62,59580,9641,136,5291,085,578