EWZ Options History — July 2023

In July 2023, EWZ traded between $31.27 and $34.09. ATM implied volatility averaged 27.3%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 3.0% (HV 20d: 24.3%). Max pain ranged from $30.00 to $33.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.44.

Notable Days

  • 2023-07-07: Highest Volume — 274,677 contracts
  • 2023-07-27: Largest IV spike — 7.0% change
  • 2023-07-10: Highest IV Rank — 8.8%
  • 2023-07-06: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.65$31.27$34.09$32.81$33.86
Max Pain$31.90$30.00$33.00$30.00$33.00
ATM IV27.3%26.2%28.3%27.5%27.3%
Expected Move7.8%7.4%8.4%7.8%7.8%
HV 20d24.3%20.9%26.0%20.9%26.0%
HV 60d24.4%23.4%26.6%25.3%23.7%
IV Rank6.3%3.4%8.8%6.8%6.3%
IV Percentile8.4%5.2%13.9%7.5%10.3%
Term Structure-0.1%-1.1%0.4%0.2%-0.2%
VWIV27.5%25.6%30.1%27.6%28.0%
Skew 25d2.5%-10.5%3.8%3.7%2.9%
Skew 10d6.8%4.4%13.8%7.0%6.2%
Call IV 25d26.9%25.0%44.2%26.3%26.5%
Put IV 25d29.4%28.0%33.7%30.0%29.4%
Bid-Ask Spread %9.821.7049.2849.282.28
Gamma HHI0.140.090.540.120.13
Net GEX103.8M62.0M297.4M99.8M99.3M
Net DEX-1.30B-1.90B-643.5M-1.56B-1.62B
Net VEX-10.4M-11.0M-9.7M-11.0M-10.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.211.070.410.43
Total Volume132,953.8535,888274,67740,70875,146
Total OI2,771,672.62,452,4582,964,9222,644,7862,545,738

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$32.81$30.0027.5%7.8%20.9%6.8%27.6%3.7%0.2%99.8M-1.56B-11.0M0.4149.28N/AN/A28,89711,8111,532,0971,112,689
2023-07-05$32.36$30.0027.4%7.8%21.8%6.6%30.1%3.7%0.2%98.5M-1.36B-10.8M0.8439.10N/AN/A111,08792,8281,602,5511,140,552
2023-07-06$31.27$32.0027.7%8.4%24.4%7.4%28.6%-10.5%-1.1%62.0M-643.5M-10.9M0.3943.42N/AN/A172,41267,5851,677,5611,164,911
2023-07-07$32.11$32.0028.1%8.0%24.8%8.2%27.9%3.4%0.4%86.4M-1.16B-10.9M0.347.41N/AN/A204,65170,0261,657,4241,189,997
2023-07-10$31.63$32.0028.3%7.9%25.2%8.8%27.7%3.8%-0.9%69.7M-816.6M-10.6M0.4823.81N/AN/A87,30941,8141,651,0451,207,780
2023-07-11$31.68$32.0028.2%7.9%24.7%8.7%27.8%3.3%-0.6%70.8M-827.2M-10.5M0.292.02N/AN/A149,72342,9281,640,9901,210,159
2023-07-12$32.09$32.0027.4%7.9%25.0%6.5%27.4%3.5%0.2%96.7M-1.11B-10.8M0.512.03N/AN/A56,50729,0721,725,2091,216,520
2023-07-13$32.70$32.0026.9%7.6%25.7%5.2%26.4%3.2%-0.4%114.1M-1.56B-11.0M0.572.00N/AN/A42,18123,9771,716,1551,226,238
2023-07-14$32.25$32.0027.6%7.9%24.2%6.9%27.8%3.5%-0.1%93.9M-1.24B-10.5M0.812.47N/AN/A81,66766,2141,727,6541,237,268
2023-07-17$32.28$32.0027.7%8.0%24.1%7.4%27.7%3.5%-0.3%96.1M-1.15B-10.3M0.352.55N/AN/A29,39010,3571,682,4961,221,095
2023-07-18$32.20$32.0027.7%7.9%23.9%7.2%27.4%3.1%0.4%95.9M-1.11B-10.0M0.252.19N/AN/A28,6237,2651,688,0781,225,140
2023-07-19$32.23$32.0027.3%7.8%23.5%6.3%26.7%2.8%0.3%102.8M-1.17B-9.9M0.341.70N/AN/A68,52623,0001,698,3651,227,205
2023-07-20$32.38$32.0026.7%7.7%23.1%4.8%27.3%3.0%-0.1%108.4M-1.24B-9.7M0.241.85N/AN/A41,4369,9701,688,9751,236,257
2023-07-21$33.09$32.0026.6%7.6%24.1%4.4%26.3%2.6%0.1%297.4M-1.86B-9.9M0.321.96N/AN/A184,69458,9111,699,3401,244,198
2023-07-24$33.64$32.0026.5%7.6%24.6%4.3%27.1%2.8%0.0%96.4M-1.56B-10.0M0.332.70N/AN/A92,86030,9841,430,7941,021,664
2023-07-25$33.80$32.0026.3%7.5%24.7%3.6%27.6%2.9%0.3%105.7M-1.68B-10.3M1.072.09N/AN/A61,20865,6511,485,8341,028,835
2023-07-26$34.09$32.0026.2%7.4%24.3%3.4%25.6%3.0%0.2%109.0M-1.90B-10.3M0.472.32N/AN/A78,00636,8781,489,5021,081,941
2023-07-27$33.09$32.0028.0%8.1%25.9%8.1%28.4%2.6%-0.1%89.6M-1.24B-10.1M0.243.13N/AN/A204,89449,8391,486,9811,085,649
2023-07-28$33.34$33.0026.9%7.7%25.7%5.2%27.0%2.5%0.2%83.0M-1.28B-9.8M0.212.04N/AN/A99,99620,7541,424,0361,104,529
2023-07-31$33.86$33.0027.3%7.8%26.0%6.3%28.0%2.9%-0.2%99.3M-1.62B-10.0M0.432.28N/AN/A52,69122,4551,467,9111,077,827