EWZ Options History — March 2022

In March 2022, EWZ traded between $31.88 and $37.99. ATM implied volatility averaged 34.5%, placing in the 32.4% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 5.0% (HV 20d: 29.5%). Max pain ranged from $31.00 to $37.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.19.

Notable Days

  • 2022-03-21: Highest Volume — 402,215 contracts
  • 2022-03-11: Largest IV spike — 25.2% change
  • 2022-03-11: Highest IV Rank — 80.2%
  • 2022-03-07: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.89$31.88$37.99$32.89$37.99
Max Pain$33.86$31.00$37.00$31.00$36.00
ATM IV34.5%29.1%45.5%34.9%29.2%
Expected Move10.3%8.7%13.0%10.3%8.7%
HV 20d29.5%19.0%35.0%19.0%31.4%
HV 60d28.4%26.3%30.5%29.2%27.4%
IV Rank32.4%8.6%80.2%34.0%9.1%
IV Percentile50.6%6.3%96.8%60.3%6.7%
Term Structure-0.0%-4.9%1.4%0.1%1.4%
VWIV37.6%31.1%50.3%35.1%31.9%
Skew 25d6.2%4.2%9.2%6.8%4.2%
Skew 10d13.3%7.5%31.5%12.5%7.5%
Call IV 25d32.4%27.6%51.1%32.1%27.6%
Put IV 25d38.6%31.7%56.8%38.9%31.7%
Bid-Ask Spread %32.323.6965.0928.8338.95
Gamma HHI0.130.090.200.120.11
Net GEX45.8M-11.2M78.6M29.4M66.1M
Net DEX-914.6M-1.92B480.3M-265.0M-1.90B
Net VEX-11.4M-11.9M-10.1M-11.1M-11.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.252.781.251.09
Total Volume210,204.304106,121402,215106,121119,946
Total OI2,361,224.5652,224,6762,662,2782,224,6762,399,426

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$32.89$31.0034.9%10.3%19.0%34.0%35.1%6.8%0.1%29.4M-265.0M-11.1M1.2528.83N/AN/A47,21958,9021,140,1561,084,520
2022-03-02$34.11$31.0034.2%10.0%22.1%30.9%37.0%6.8%0.0%45.3M-868.9M-11.5M1.2316.04N/AN/A86,687107,0151,137,7321,096,966
2022-03-03$34.54$32.0034.8%10.0%21.9%33.6%41.7%6.9%-0.2%44.7M-1.06B-11.5M1.763.69N/AN/A87,604154,3041,141,8201,110,978
2022-03-04$34.09$32.0037.6%11.2%22.5%45.7%43.4%8.9%0.1%38.0M-802.9M-11.8M1.5219.98N/AN/A77,825118,0381,181,7131,152,041
2022-03-07$33.12$32.0042.1%13.0%25.3%65.2%44.8%9.2%-0.8%24.2M-277.8M-11.6M0.9950.44N/AN/A71,59770,9231,172,8281,092,588
2022-03-08$33.24$32.0040.6%12.5%25.2%58.6%50.3%8.4%-1.9%31.7M-334.4M-11.4M1.6355.20N/AN/A61,05799,8191,199,2311,092,843
2022-03-09$34.23$32.0036.3%10.7%27.0%40.0%38.8%7.2%-1.0%53.2M-816.5M-11.6M1.8252.22N/AN/A60,767110,7981,223,5961,125,407
2022-03-10$34.19$32.0036.3%11.0%27.0%40.3%44.8%6.1%-0.6%63.7M-778.5M-11.7M0.7041.62N/AN/A137,86296,7651,251,2191,129,718
2022-03-11$33.40$32.0045.5%12.4%28.6%80.2%47.8%5.7%-4.9%36.9M-345.3M-11.6M1.9265.09N/AN/A57,749110,7061,340,8321,160,423
2022-03-14$32.55$33.0038.1%11.7%30.1%48.1%40.8%8.2%1.0%7.8M176.7M-10.7M2.7834.88N/AN/A51,513143,3261,290,4891,175,361
2022-03-15$31.88$33.0037.4%11.7%30.8%45.0%38.4%7.4%0.0%-11.2M480.3M-10.1M2.6830.92N/AN/A43,500116,4831,298,7451,164,373
2022-03-16$32.66$33.0035.4%11.2%31.7%36.0%37.8%6.5%0.4%15.4M91.6M-10.4M1.2937.95N/AN/A88,438114,3461,313,8011,180,972
2022-03-17$33.86$0.0033.2%9.9%34.0%26.5%34.6%5.8%0.2%69.2M-484.3M-10.9M0.6946.01N/AN/A197,018135,1291,303,9911,192,021
2022-03-18$34.53$35.0031.6%9.4%33.7%19.5%31.8%5.3%0.7%70.3M-1.10B-11.5M0.4826.22N/AN/A167,25879,8041,416,4301,245,848
2022-03-21$35.47$37.0031.9%9.5%34.8%21.1%31.1%5.3%0.1%69.6M-1.17B-11.5M0.2653.61N/AN/A319,38982,8261,206,5631,035,412
2022-03-22$35.86$36.0030.7%9.2%34.6%15.6%31.6%4.9%0.3%78.6M-1.31B-11.6M0.4120.42N/AN/A152,84362,5741,234,2621,056,963
2022-03-23$36.51$36.0031.6%9.3%35.0%19.7%33.2%5.2%0.1%48.8M-1.44B-11.8M0.6837.67N/AN/A163,704112,0901,173,5191,074,248
2022-03-24$37.03$36.0031.4%9.4%32.7%18.9%33.1%4.9%0.2%47.3M-1.64B-11.8M0.2520.21N/AN/A297,32672,9041,187,5121,078,151
2022-03-25$37.62$36.0031.0%9.1%32.8%16.9%35.9%4.6%0.5%50.9M-1.84B-11.9M0.9113.74N/AN/A140,349128,1591,220,6291,102,829
2022-03-28$37.16$36.0031.9%9.4%33.5%21.1%35.4%4.6%1.0%51.4M-1.58B-11.9M1.4418.05N/AN/A57,79183,3181,236,2751,116,195
2022-03-29$37.82$36.0029.7%8.8%33.3%11.3%32.6%4.5%1.1%60.8M-1.92B-11.8M0.7116.61N/AN/A88,68863,2811,250,3561,128,554
2022-03-30$37.76$36.0029.1%8.7%31.6%8.6%33.9%4.3%1.2%61.3M-1.85B-11.6M0.9515.00N/AN/A70,46166,5981,247,7321,142,897
2022-03-31$37.99$36.0029.2%8.7%31.4%9.1%31.9%4.2%1.4%66.1M-1.90B-11.6M1.0938.95N/AN/A57,39162,5551,246,5271,152,899