EWZ Options History — July 2022

In July 2022, EWZ traded between $25.61 and $29.05. ATM implied volatility averaged 36.9%, placing in the 29.1% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 3.0% (HV 20d: 33.9%). Max pain ranged from $27.00 to $34.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.70.

Notable Days

2022-07-28: Highest Volume — 350,424 contracts
2022-07-15: Largest IV drop — 6.6% change
2022-07-12: Highest IV Rank — 39.2%
2022-07-05: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.76	$25.61	$29.05	$27.07	$29.05
Max Pain	$29.70	$27.00	$34.00	$29.00	$27.50
ATM IV	36.9%	33.4%	40.0%	37.9%	33.4%
Expected Move	10.5%	9.4%	11.4%	10.5%	9.4%
HV 20d	33.9%	28.7%	41.8%	37.3%	33.2%
HV 60d	37.3%	36.0%	38.2%	36.0%	37.3%
IV Rank	29.1%	17.5%	39.2%	32.4%	17.5%
IV Percentile	63.3%	34.9%	85.3%	75.4%	34.9%
Term Structure	0.1%	-1.0%	0.9%	0.3%	0.9%
VWIV	36.2%	32.0%	38.8%	35.2%	32.0%
Skew 25d	3.8%	3.0%	4.7%	4.7%	3.5%
Skew 10d	6.5%	5.4%	8.7%	8.0%	5.7%
Call IV 25d	35.2%	31.3%	37.9%	35.6%	31.3%
Put IV 25d	39.0%	34.8%	42.2%	40.2%	34.8%
Bid-Ask Spread %	32.56	3.32	50.17	41.53	48.02
Gamma HHI	0.11	0.07	0.15	0.12	0.11
Net GEX	3.4M	-16.5M	35.4M	-14.1M	35.4M
Net DEX	1.15B	163.1M	1.54B	1.40B	163.1M
Net VEX	-7.9M	-10.2M	-6.6M	-7.2M	-10.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.26	1.45	0.33	0.31
Total Volume	197,523.45	88,185	350,424	160,687	307,897
Total OI	2,434,196.3	2,135,941	2,779,325	2,135,941	2,779,325

Daily Data (20 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
2022-07-01	$27.07	$29.00	37.9%	10.5%	37.3%	32.4%	35.2%	4.7%	0.3%	-14.1M	1.40B	-7.2M	0.33	41.53	N/A	N/A	120,657	40,030	1,075,382	1,060,559
2022-07-05	$26.36	$34.00	39.6%	11.4%	37.5%	37.7%	38.0%	4.5%	-0.3%	-11.5M	1.48B	-6.6M	1.30	3.32	N/A	N/A	71,025	92,535	1,118,566	1,048,498
2022-07-06	$26.44	$33.00	38.4%	11.0%	38.0%	34.1%	38.8%	4.0%	-0.5%	-10.0M	1.48B	-6.8M	0.73	7.32	N/A	N/A	114,202	83,809	1,154,251	1,085,824
2022-07-07	$27.34	$32.00	37.8%	10.8%	41.5%	32.1%	35.8%	3.7%	-0.6%	4.2M	1.21B	-8.0M	0.45	46.47	N/A	N/A	165,992	74,682	1,234,623	1,129,097
2022-07-08	$27.53	$30.00	36.6%	10.2%	41.8%	28.0%	37.3%	3.7%	-0.3%	30.0M	1.09B	-8.2M	0.86	48.96	N/A	N/A	98,660	85,334	1,309,403	1,128,422
2022-07-11	$26.41	$31.00	38.8%	11.2%	38.3%	35.4%	35.8%	4.2%	0.2%	-9.3M	1.49B	-7.5M	0.71	49.25	N/A	N/A	169,210	120,764	1,308,118	1,167,451
2022-07-12	$26.09	$31.00	40.0%	11.3%	37.8%	39.2%	37.8%	4.4%	-0.6%	-12.2M	1.53B	-7.3M	0.26	19.26	N/A	N/A	175,111	45,766	1,355,152	1,168,321
2022-07-13	$26.28	$30.00	38.2%	11.1%	32.7%	33.5%	38.2%	4.3%	0.9%	-2.8M	1.45B	-7.5M	0.39	23.19	N/A	N/A	100,553	39,118	1,451,286	1,178,355
2022-07-14	$25.61	$30.00	39.1%	11.0%	33.5%	36.4%	38.5%	4.0%	-1.0%	-16.5M	1.54B	-7.1M	0.37	11.13	N/A	N/A	165,317	60,709	1,486,463	1,164,050
2022-07-15	$25.88	$30.00	36.5%	10.4%	32.1%	27.9%	35.9%	3.9%	-0.1%	-13.7M	1.45B	-7.3M	1.06	50.17	N/A	N/A	44,343	46,960	1,558,368	1,164,105
2022-07-18	$25.87	$30.00	38.0%	10.9%	28.7%	32.7%	37.1%	3.8%	-0.2%	-547.8K	1.24B	-7.3M	0.76	39.16	N/A	N/A	50,095	38,090	1,161,282	1,050,033
2022-07-19	$26.27	$29.00	36.6%	10.5%	29.5%	28.0%	36.4%	3.4%	0.3%	2.8M	1.16B	-7.6M	1.45	25.25	N/A	N/A	51,538	74,775	1,175,620	1,064,650
2022-07-20	$26.00	$29.00	36.4%	10.4%	29.5%	27.3%	36.5%	3.0%	0.3%	602.8K	1.22B	-7.7M	1.17	25.58	N/A	N/A	60,499	70,537	1,230,767	1,102,127
2022-07-21	$26.01	$29.00	36.1%	10.3%	29.5%	26.4%	36.3%	3.5%	0.3%	2.8M	1.22B	-7.6M	0.76	9.73	N/A	N/A	89,290	68,204	1,253,298	1,111,989
2022-07-22	$26.05	$28.50	35.2%	10.1%	28.8%	23.6%	34.8%	3.7%	0.3%	254.5K	1.21B	-7.8M	0.46	47.76	N/A	N/A	172,579	80,149	1,287,093	1,144,909
2022-07-25	$27.02	$28.00	36.0%	10.3%	31.9%	26.0%	35.9%	3.7%	0.4%	14.4M	919.9M	-8.7M	0.61	35.40	N/A	N/A	124,211	75,818	1,287,943	1,147,261
2022-07-26	$27.04	$29.00	35.6%	10.1%	29.8%	24.7%	36.0%	3.4%	0.7%	14.9M	954.3M	-8.5M	0.62	37.48	N/A	N/A	96,810	59,907	1,303,356	1,160,890
2022-07-27	$28.04	$27.00	34.3%	9.7%	32.5%	20.4%	33.4%	3.5%	0.5%	25.4M	566.9M	-9.1M	0.53	40.88	N/A	N/A	173,412	91,457	1,314,821	1,154,951
2022-07-28	$28.79	$27.00	33.5%	9.5%	33.7%	17.9%	34.3%	3.5%	0.7%	28.3M	255.0M	-9.6M	0.85	41.41	N/A	N/A	189,686	160,738	1,414,693	1,192,624
2022-07-29	$29.05	$27.50	33.4%	9.4%	33.2%	17.5%	32.0%	3.5%	0.9%	35.4M	163.1M	-10.2M	0.31	48.02	N/A	N/A	235,887	72,010	1,530,637	1,248,688