EWZ Options History — June 2023

In June 2023, EWZ traded between $29.63 and $33.14. ATM implied volatility averaged 26.1%, placing in the 2.8% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 1.5% (HV 20d: 24.6%). Max pain ranged from $28.00 to $31.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2023-06-06: Highest Volume — 1,994,938 contracts
  • 2023-06-22: Largest IV spike — 5.3% change
  • 2023-06-28: Highest IV Rank — 7.6%
  • 2023-06-01: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.85$29.63$33.14$29.63$32.44
Max Pain$29.95$28.00$31.00$29.00$30.00
ATM IV26.1%24.8%27.8%26.5%27.3%
Expected Move7.5%7.1%8.4%8.4%7.7%
HV 20d24.6%22.0%26.1%23.2%23.0%
HV 60d26.1%25.0%27.1%27.0%25.3%
IV Rank2.8%0.0%7.6%0.0%6.1%
IV Percentile2.9%0.0%7.1%0.0%7.1%
Term Structure0.3%-0.7%2.0%0.6%0.2%
VWIV26.8%25.6%29.1%28.1%26.3%
Skew 25d2.4%-1.7%3.3%2.4%3.1%
Skew 10d4.8%-1.5%6.7%1.8%5.5%
Call IV 25d25.2%23.5%26.6%25.9%26.2%
Put IV 25d27.6%24.4%29.7%28.3%29.3%
Bid-Ask Spread %26.972.3053.7345.452.68
Gamma HHI0.140.090.270.270.11
Net GEX110.8M67.3M171.0M67.3M96.6M
Net DEX-1.29B-1.85B-361.4M-417.9M-1.56B
Net VEX-9.9M-11.1M-7.3M-7.3M-11.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.071.900.410.25
Total Volume286,944.8174,3791,994,938170,844124,034
Total OI2,859,546.0952,260,0593,182,6572,840,8662,876,575

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$29.63$29.0026.5%8.4%23.2%0.0%28.1%2.4%0.6%67.3M-417.9M-7.3M0.4145.45N/AN/A121,47649,3681,432,0811,408,785
2023-06-02$30.57$29.0025.2%7.8%25.1%0.0%26.4%0.3%2.0%78.8M-1.14B-7.3M0.2548.44N/AN/A337,21884,9711,467,9021,404,273
2023-06-05$30.77$28.0025.4%7.3%22.0%0.5%26.1%-1.7%-0.7%119.1M-1.17B-7.6M0.5551.88N/AN/A112,46761,6711,624,2631,393,156
2023-06-06$31.38$29.0025.7%7.6%22.5%1.4%26.3%-1.1%-0.4%134.9M-1.36B-7.9M0.0751.96N/AN/A1,856,610138,3281,607,1631,410,167
2023-06-07$30.71$30.0026.1%7.6%24.0%2.2%25.9%3.2%0.2%77.7M-361.4M-9.9M0.7449.39N/AN/A310,103228,9991,460,0401,496,264
2023-06-08$31.07$30.0025.3%7.4%24.0%0.2%26.8%3.2%0.3%109.1M-815.3M-10.2M1.903.26N/AN/A26,80350,8161,585,4241,455,274
2023-06-09$31.52$30.0024.8%7.1%24.3%0.0%25.9%2.3%-0.1%138.4M-1.16B-10.2M0.772.77N/AN/A138,012106,7041,580,1141,456,568
2023-06-12$31.73$30.0025.9%7.3%24.3%2.7%26.3%3.1%-0.6%139.7M-1.36B-10.1M0.132.62N/AN/A245,60331,4251,622,0501,460,516
2023-06-13$31.54$30.0025.6%7.2%24.2%2.0%25.8%2.9%-0.5%122.9M-1.14B-10.0M0.6547.94N/AN/A53,54734,6071,620,9441,477,575
2023-06-14$32.47$30.0025.6%7.6%25.0%2.1%26.5%2.5%0.9%156.7M-1.79B-10.4M0.7638.29N/AN/A211,963161,2771,633,8661,497,778
2023-06-15$32.64$31.0025.8%7.3%25.0%2.4%25.8%2.7%-0.3%171.0M-1.85B-10.4M0.712.30N/AN/A120,28985,1421,621,7931,540,358
2023-06-16$32.36$31.0025.2%7.5%25.4%0.9%27.1%3.0%1.4%123.5M-1.58B-10.3M1.2344.13N/AN/A50,84262,6361,637,6751,544,982
2023-06-20$32.73$31.0025.6%7.3%25.4%1.9%27.6%2.8%0.4%89.5M-1.47B-10.0M1.1647.95N/AN/A62,19271,9721,271,223988,836
2023-06-21$33.14$31.0025.5%7.3%25.5%1.7%26.8%3.0%0.5%102.7M-1.73B-10.3M0.352.73N/AN/A261,90692,2391,315,2801,012,323
2023-06-22$32.75$30.0026.8%7.7%26.1%5.1%28.2%3.0%0.2%118.7M-1.65B-11.1M0.2853.73N/AN/A100,44727,8931,500,4541,083,169
2023-06-23$32.59$30.0026.2%7.5%26.1%3.6%25.6%3.0%0.5%103.6M-1.56B-10.9M0.3512.16N/AN/A108,28737,8901,536,9771,108,628
2023-06-26$32.63$30.0027.0%7.6%25.8%5.4%29.1%3.0%0.7%107.6M-1.58B-11.0M1.7039.82N/AN/A27,69147,1641,563,7031,109,230
2023-06-27$32.28$30.0027.0%7.6%26.0%5.5%26.4%2.9%0.1%99.6M-1.34B-10.7M0.4713.01N/AN/A96,62145,3381,572,6471,138,587
2023-06-28$31.70$30.0027.8%7.8%24.7%7.6%27.5%3.1%0.0%76.2M-939.8M-10.6M0.463.40N/AN/A50,95423,4251,586,2681,159,596
2023-06-29$32.11$30.0027.5%7.7%24.3%6.8%27.8%3.3%0.0%92.5M-1.21B-10.9M0.472.43N/AN/A113,36853,5431,613,8871,174,074
2023-06-30$32.44$30.0027.3%7.7%23.0%6.1%26.3%3.1%0.2%96.6M-1.56B-11.1M0.252.68N/AN/A99,60824,4261,678,3221,198,253