EWZ Options History — September 2023

In September 2023, EWZ traded between $29.93 and $32.42. ATM implied volatility averaged 26.6%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 0.5% (HV 20d: 26.1%). Max pain ranged from $31.00 to $32.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.75.

Notable Days

  • 2023-09-13: Highest Volume — 471,176 contracts
  • 2023-09-21: Largest IV spike — 10.4% change
  • 2023-09-27: Highest IV Rank — 10.1%
  • 2023-09-27: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.24$29.93$32.42$31.49$30.69
Max Pain$31.60$31.00$32.00$32.00$32.00
ATM IV26.6%24.6%28.6%26.1%27.1%
Expected Move7.6%7.1%8.0%7.3%7.7%
HV 20d26.1%24.3%27.6%24.3%24.7%
HV 60d24.1%23.6%24.8%23.6%23.8%
IV Rank4.6%0.0%10.1%3.2%6.3%
IV Percentile12.5%0.0%32.1%5.6%19.0%
Term Structure0.4%-0.1%0.9%0.6%0.2%
VWIV26.8%25.2%29.1%25.2%28.9%
Skew 25d2.9%2.4%3.5%3.3%3.3%
Skew 10d5.9%4.8%7.6%6.4%7.6%
Call IV 25d25.5%24.0%27.6%24.4%25.9%
Put IV 25d28.4%26.5%30.9%27.7%29.2%
Bid-Ask Spread %4.461.7122.592.052.20
Gamma HHI0.100.060.130.100.07
Net GEX51.2M-4.8M136.0M86.1M7.3M
Net DEX-311.5M-1.30B584.6M-636.4M150.8M
Net VEX-8.2M-10.0M-7.1M-10.0M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.171.830.421.34
Total Volume145,100.637,547471,17690,083104,761
Total OI2,931,864.452,353,4413,458,4073,255,4172,643,837

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$31.49$32.0026.1%7.3%24.3%3.2%25.2%3.3%0.6%86.1M-636.4M-10.0M0.422.05N/AN/A63,45426,6292,006,3421,249,075
2023-09-05$31.16$31.0027.1%7.8%24.6%5.8%26.0%3.3%0.2%59.8M-371.0M-9.2M0.171.76N/AN/A115,00719,0772,017,0671,246,089
2023-09-06$30.76$31.0026.5%7.6%24.9%4.2%26.6%3.1%0.1%44.3M-128.7M-8.8M1.702.04N/AN/A31,18553,1312,029,3201,258,048
2023-09-07$30.18$31.0027.2%7.9%25.5%6.1%27.1%3.1%0.3%16.2M314.1M-8.3M0.642.42N/AN/A22,90114,6462,030,9911,287,526
2023-09-08$30.52$31.0026.0%7.5%25.9%3.0%26.6%2.8%0.1%49.4M1.4M-8.4M1.191.73N/AN/A50,29960,0302,049,3141,282,635
2023-09-11$31.32$31.0027.0%7.9%27.6%5.5%27.7%2.9%0.7%70.0M-562.4M-8.7M0.201.93N/AN/A156,29731,2632,015,2691,293,576
2023-09-12$31.43$31.0026.6%7.8%26.6%4.4%27.1%2.8%0.5%104.4M-699.8M-8.7M0.432.14N/AN/A54,17723,1282,135,4431,311,632
2023-09-13$31.76$31.0025.4%7.5%26.5%1.5%26.5%2.7%0.8%136.0M-963.9M-8.7M0.221.73N/AN/A387,59783,5792,138,8591,319,548
2023-09-14$32.42$31.0025.7%7.6%27.3%2.2%26.5%2.6%0.9%118.2M-1.30B-8.7M0.582.24N/AN/A94,91754,8041,978,5811,347,930
2023-09-15$32.23$32.0025.8%7.4%27.2%2.5%25.6%2.4%0.2%65.4M-1.14B-8.5M0.781.71N/AN/A55,57443,2561,997,0981,386,951
2023-09-18$32.28$32.0025.4%7.3%27.2%1.3%25.7%2.6%0.5%64.7M-763.2M-8.1M1.012.07N/AN/A30,17730,6011,355,778997,663
2023-09-19$32.05$32.0025.3%7.2%27.0%1.1%25.4%2.4%0.1%60.1M-637.8M-8.1M1.422.04N/AN/A43,72761,9581,370,9831,008,464
2023-09-20$32.30$32.0024.6%7.1%26.0%0.0%25.2%2.4%0.7%65.4M-740.2M-8.2M0.4218.22N/AN/A232,79596,9421,393,0261,046,219
2023-09-21$31.24$32.0027.2%7.8%26.2%6.5%26.9%2.8%0.4%28.9M-51.6M-8.2M1.836.22N/AN/A36,19266,1901,505,0921,111,383
2023-09-22$31.23$32.0027.0%7.7%25.8%5.8%26.2%2.9%0.5%28.2M-22.6M-8.1M0.489.11N/AN/A85,56240,9161,504,3381,151,677
2023-09-25$30.96$32.0027.5%7.8%25.9%7.1%27.1%3.3%0.2%20.6M46.5M-7.6M0.522.44N/AN/A34,01217,6501,396,2801,096,691
2023-09-26$30.37$32.0028.3%8.0%26.3%9.1%29.1%3.5%0.1%5.1M355.1M-7.3M0.582.31N/AN/A81,97847,9211,412,1381,102,844
2023-09-27$29.93$32.0028.6%8.0%25.7%10.1%29.1%3.3%-0.1%-4.8M584.6M-7.1M0.692.30N/AN/A154,160106,3031,432,3061,118,792
2023-09-28$30.45$32.0027.3%7.7%26.6%6.6%26.9%3.3%0.4%-1.3M334.4M-7.2M0.3122.59N/AN/A144,14045,0761,444,4861,163,998
2023-09-29$30.69$32.0027.1%7.7%24.7%6.3%28.9%3.3%0.2%7.3M150.8M-7.1M1.342.20N/AN/A44,85359,9081,464,7181,179,119