EWZ Options History — November 2022

In November 2022, EWZ traded between $29.42 and $34.02. ATM implied volatility averaged 48.8%, placing in the 68.3% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 1.0% (HV 20d: 49.9%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.55.

Notable Days

2022-11-10: Highest Volume — 543,146 contracts
2022-11-10: Largest IV spike — 12.7% change
2022-11-17: Highest IV Rank — 92.5%
2022-11-11: Largest Expected Move — 16.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.99	$29.42	$34.02	$33.13	$31.46
Max Pain	$30.81	$30.00	$32.00	$32.00	$30.00
ATM IV	48.8%	39.6%	56.2%	40.8%	44.8%
Expected Move	15.7%	13.2%	16.9%	13.2%	16.3%
HV 20d	49.9%	42.3%	56.6%	42.3%	47.4%
HV 60d	45.5%	42.1%	47.2%	42.1%	47.1%
IV Rank	68.3%	37.9%	92.5%	42.0%	54.9%
IV Percentile	86.9%	66.7%	98.8%	70.6%	78.6%
Term Structure	0.4%	-5.1%	9.3%	3.2%	-2.5%
VWIV	50.5%	43.7%	55.9%	44.2%	53.1%
Skew 25d	6.2%	3.5%	9.8%	6.9%	6.8%
Skew 10d	9.8%	0.9%	18.8%	14.4%	8.7%
Call IV 25d	44.0%	37.3%	52.9%	39.0%	39.4%
Put IV 25d	50.2%	41.4%	59.3%	45.9%	46.2%
Bid-Ask Spread %	48.29	11.36	61.65	11.36	43.47
Gamma HHI	0.09	0.07	0.12	0.12	0.08
Net GEX	33.9M	-30.9M	114.0M	114.0M	60.8M
Net DEX	307.9M	-1.56B	1.18B	-919.3M	89.4M
Net VEX	-9.1M	-11.3M	-7.1M	-11.3M	-8.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.14	1.15	0.27	0.67
Total Volume	263,188.333	127,452	543,146	364,498	267,765
Total OI	3,852,125.238	3,234,234	4,463,040	3,981,734	3,631,308

Daily Data (21 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
2022-11-01	$33.13	$32.00	40.8%	13.2%	42.3%	42.0%	44.2%	6.9%	3.2%	114.0M	-919.3M	-11.3M	0.27	11.36	N/A	N/A	285,936	78,562	2,411,628	1,570,106
2022-11-02	$32.19	$32.00	45.4%	13.2%	43.3%	56.9%	43.7%	6.2%	-0.5%	65.7M	-227.6M	-10.2M	0.38	44.32	N/A	N/A	146,014	55,384	2,314,650	1,548,669
2022-11-03	$33.17	$31.00	41.0%	14.2%	44.7%	42.7%	45.7%	3.5%	0.9%	109.4M	-888.4M	-10.6M	0.68	53.49	N/A	N/A	193,994	132,651	2,330,898	1,541,184
2022-11-04	$34.02	$31.00	39.6%	13.8%	45.2%	37.9%	44.7%	4.1%	1.4%	113.4M	-1.56B	-11.2M	0.27	47.49	N/A	N/A	256,789	70,364	2,364,128	1,579,878
2022-11-07	$32.39	$31.00	44.4%	15.2%	48.7%	53.7%	47.2%	4.9%	8.7%	71.2M	-402.7M	-10.5M	0.41	49.22	N/A	N/A	254,984	103,517	2,303,058	1,471,230
2022-11-08	$32.80	$32.00	43.8%	15.1%	47.9%	51.7%	49.0%	4.8%	7.3%	82.7M	-599.6M	-11.1M	0.73	53.01	N/A	N/A	117,238	85,999	2,350,296	1,533,880
2022-11-09	$31.59	$32.00	44.1%	15.5%	49.8%	52.8%	48.2%	5.9%	7.8%	39.1M	222.4M	-10.0M	0.88	55.19	N/A	N/A	84,292	74,160	2,400,831	1,575,623
2022-11-10	$29.54	$32.00	49.7%	16.9%	55.1%	71.2%	53.7%	5.5%	9.3%	-14.0M	1.18B	-8.9M	0.81	53.51	N/A	N/A	300,161	242,985	2,408,841	1,597,939
2022-11-11	$30.61	$31.00	51.0%	16.9%	55.7%	75.4%	50.7%	5.2%	8.9%	8.9M	683.8M	-9.7M	0.38	54.62	N/A	N/A	203,597	76,930	2,480,017	1,651,971
2022-11-14	$31.15	$31.00	55.2%	16.5%	55.4%	89.1%	51.0%	7.1%	-3.6%	30.3M	347.6M	-9.8M	0.55	52.72	N/A	N/A	108,218	59,728	2,516,653	1,654,801
2022-11-15	$31.01	$31.00	55.0%	16.1%	54.9%	88.6%	51.3%	9.8%	-3.0%	22.5M	464.0M	-9.5M	0.43	61.65	N/A	N/A	118,076	50,502	2,534,983	1,669,282
2022-11-16	$29.73	$31.00	55.4%	15.9%	56.6%	89.9%	53.0%	4.4%	-2.1%	-19.7M	1.11B	-8.9M	1.15	55.73	N/A	N/A	122,483	140,304	2,613,097	1,674,482
2022-11-17	$29.48	$30.00	56.2%	16.3%	56.0%	92.5%	53.0%	8.2%	-5.1%	-30.9M	1.14B	-8.0M	0.71	60.43	N/A	N/A	291,614	205,766	2,660,814	1,662,274
2022-11-18	$29.60	$30.00	54.4%	16.0%	53.7%	86.6%	50.4%	6.3%	-4.1%	-3.0M	1.04B	-8.1M	0.55	47.93	N/A	N/A	201,074	109,610	2,705,008	1,758,032
2022-11-21	$30.08	$30.00	51.7%	16.2%	50.1%	77.7%	52.7%	7.7%	-4.3%	11.1M	705.6M	-7.9M	0.56	45.42	N/A	N/A	92,002	51,486	1,828,344	1,405,890
2022-11-22	$29.42	$30.00	52.5%	16.5%	50.3%	80.2%	54.9%	7.5%	-2.6%	582.9K	911.1M	-7.5M	0.57	47.82	N/A	N/A	112,752	64,351	1,873,781	1,410,386
2022-11-23	$29.53	$30.00	52.9%	16.1%	49.7%	81.6%	55.4%	7.1%	-2.6%	3.7M	880.4M	-7.5M	0.72	41.59	N/A	N/A	123,304	88,354	1,959,902	1,430,707
2022-11-25	$29.74	$30.00	51.0%	16.1%	47.3%	75.3%	51.8%	7.8%	-1.7%	16.5M	834.6M	-7.8M	0.14	48.12	N/A	N/A	111,362	16,090	2,000,936	1,481,920
2022-11-28	$29.59	$30.00	49.3%	16.7%	47.0%	69.9%	55.9%	4.8%	-3.4%	-5.3M	970.0M	-7.1M	0.37	44.41	N/A	N/A	208,683	76,263	1,905,739	1,461,933
2022-11-29	$30.63	$30.00	47.4%	16.5%	46.6%	63.7%	50.4%	5.4%	-3.2%	35.2M	477.1M	-7.9M	0.32	42.63	N/A	N/A	108,911	34,700	2,099,706	1,519,825
2022-11-30	$31.46	$30.00	44.8%	16.3%	47.4%	54.9%	53.1%	6.8%	-2.5%	60.8M	89.4M	-8.3M	0.67	43.47	N/A	N/A	160,404	107,361	2,103,147	1,528,161