EWZ Options History — August 2022

In August 2022, EWZ traded between $28.50 and $32.40. ATM implied volatility averaged 36.1%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 6.7% (HV 20d: 29.4%). Max pain ranged from $28.00 to $31.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.91.

Notable Days

  • 2022-08-08: Highest Volume — 370,152 contracts
  • 2022-08-22: Largest IV spike — 6.4% change
  • 2022-08-31: Highest IV Rank — 39.4%
  • 2022-08-31: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.99$28.50$32.40$28.68$30.66
Max Pain$30.26$28.00$31.00$28.00$31.00
ATM IV36.1%33.1%40.1%35.7%40.1%
Expected Move10.2%9.4%10.9%10.1%10.9%
HV 20d29.4%26.5%33.3%33.3%32.3%
HV 60d35.6%34.3%36.8%36.8%36.0%
IV Rank26.4%16.7%39.4%25.0%39.4%
IV Percentile54.1%27.4%85.7%50.8%85.7%
Term Structure1.8%0.4%8.7%0.7%8.7%
VWIV35.9%33.3%38.6%35.0%38.6%
Skew 25d3.2%2.2%4.4%4.2%2.9%
Skew 10d5.8%3.3%8.1%7.2%5.6%
Call IV 25d34.6%32.0%38.6%33.8%38.6%
Put IV 25d37.8%34.7%41.4%38.0%41.4%
Bid-Ask Spread %37.123.9156.4246.243.91
Gamma HHI0.090.050.320.060.05
Net GEX30.2M-824.3K110.0M18.8M-824.3K
Net DEX-184.9M-839.3M673.1M558.9M364.1M
Net VEX-11.4M-12.3M-9.6M-9.8M-11.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.152.490.580.63
Total Volume139,302.43532,033370,152221,644190,710
Total OI2,895,492.6092,608,9073,192,5152,731,5442,769,745

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$28.68$28.0035.7%10.1%33.3%25.0%35.0%4.2%0.7%18.8M558.9M-9.8M0.5846.24N/AN/A140,69180,9531,502,0671,229,477
2022-08-02$28.53$28.0035.6%10.0%31.6%24.9%34.7%4.4%0.5%14.5M649.5M-9.6M0.9435.84N/AN/A109,093102,4411,502,9381,257,099
2022-08-03$28.50$28.0035.2%9.7%31.7%23.3%33.3%4.3%0.5%14.8M673.1M-9.7M0.6435.62N/AN/A113,11571,8381,542,9751,300,827
2022-08-04$29.33$30.0034.7%10.5%31.1%22.0%35.7%3.4%0.5%27.8M321.4M-10.4M0.5328.88N/AN/A170,14790,3321,560,6681,316,129
2022-08-05$29.75$30.0035.4%10.3%31.3%24.2%36.5%4.1%0.5%41.0M157.7M-10.9M0.9650.58N/AN/A111,270107,1071,595,4481,350,871
2022-08-08$30.74$30.0036.7%10.7%28.0%28.5%37.1%3.3%0.5%40.9M-249.9M-11.7M0.4545.83N/AN/A254,641115,5111,593,9371,354,677
2022-08-09$30.68$30.0036.1%10.5%27.2%26.3%36.2%3.5%0.5%37.3M-229.1M-11.9M0.1548.01N/AN/A164,88424,7501,615,8061,396,982
2022-08-10$31.37$30.0034.6%10.3%27.7%21.4%35.7%3.8%1.4%46.5M-529.9M-11.9M0.4248.70N/AN/A118,41550,1161,596,3501,409,056
2022-08-11$30.82$30.0034.5%10.2%26.5%21.3%34.4%3.4%1.1%34.0M-257.4M-11.7M0.2556.42N/AN/A56,39414,2311,612,9171,434,118
2022-08-12$31.99$30.0034.3%10.1%28.3%20.4%36.1%2.9%1.3%110.0M-839.3M-12.3M1.168.01N/AN/A44,21751,5051,628,9761,448,781
2022-08-15$32.03$30.0036.0%10.4%28.2%26.0%36.2%2.6%0.7%43.1M-823.7M-12.1M1.0340.70N/AN/A25,47726,1801,613,4721,454,484
2022-08-16$31.88$31.0034.9%10.0%28.6%22.5%35.8%2.9%1.2%42.4M-729.3M-11.9M0.887.48N/AN/A17,03514,9981,625,2331,470,921
2022-08-17$31.78$31.0034.5%9.9%28.1%21.2%36.7%3.0%1.2%42.2M-670.6M-11.8M1.3229.38N/AN/A29,34838,6261,628,1431,480,555
2022-08-18$31.82$31.0033.1%9.4%28.0%16.7%33.7%2.7%1.9%38.3M-711.0M-11.6M1.4145.22N/AN/A40,88557,4961,630,2761,492,464
2022-08-19$31.12$31.0035.1%9.9%30.2%23.3%34.8%2.9%2.0%38.9M-365.8M-11.6M1.1050.34N/AN/A54,03759,7091,655,0481,537,467
2022-08-22$30.95$31.0037.4%10.4%28.7%30.7%36.8%3.7%0.4%-534.8K151.9M-11.4M2.4942.60N/AN/A28,35570,6461,307,2701,301,637
2022-08-23$32.14$31.0037.0%10.3%30.6%29.3%36.0%2.9%0.6%12.8M-328.5M-11.7M0.4241.02N/AN/A134,76756,4561,323,0901,320,629
2022-08-24$32.07$31.0037.6%10.4%29.0%31.4%36.8%3.1%0.7%18.0M-319.4M-12.2M1.4229.14N/AN/A19,58927,8181,394,4111,339,745
2022-08-25$32.16$31.0037.3%10.4%28.1%30.3%36.5%2.8%1.0%21.3M-372.1M-12.2M0.2743.45N/AN/A76,03620,8451,410,1741,353,045
2022-08-26$32.05$31.0037.4%10.3%28.2%30.7%36.0%2.8%0.7%24.8M-360.6M-12.1M1.0345.83N/AN/A23,49024,2171,434,9431,361,872
2022-08-29$32.40$31.0037.8%10.2%27.5%32.1%36.6%2.2%7.3%20.9M-422.6M-12.1M0.7522.40N/AN/A38,68728,8711,405,2261,320,865
2022-08-30$31.22$31.0039.1%10.7%31.3%36.4%37.4%2.9%8.6%8.2M80.0M-11.4M2.0448.14N/AN/A35,58572,4421,391,9101,323,606
2022-08-31$30.66$31.0040.1%10.9%32.3%39.4%38.6%2.9%8.7%-824.3K364.1M-11.4M0.633.91N/AN/A117,22573,4851,405,5751,364,170