EWZ Options History — October 2023

In October 2023, EWZ traded between $29.09 and $30.76. ATM implied volatility averaged 28.6%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 2.8% (HV 20d: 25.8%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.93.

Notable Days

  • 2023-10-05: Highest Volume — 221,228 contracts
  • 2023-10-03: Largest IV spike — 9.5% change
  • 2023-10-03: Highest IV Rank — 15.8%
  • 2023-10-03: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.98$29.09$30.76$30.06$29.70
Max Pain$30.45$30.00$32.00$32.00$30.50
ATM IV28.6%26.8%30.9%28.2%29.1%
Expected Move8.3%7.7%9.2%8.1%8.5%
HV 20d25.8%22.5%27.7%24.6%22.5%
HV 60d24.4%23.5%25.1%23.5%24.3%
IV Rank10.0%5.3%15.8%9.1%11.2%
IV Percentile32.6%15.1%43.7%30.6%40.1%
Term Structure-0.1%-0.9%0.3%-0.1%-0.0%
VWIV29.4%27.3%32.6%31.1%30.6%
Skew 25d3.7%2.8%4.6%3.4%3.8%
Skew 10d7.9%6.6%9.8%7.9%8.1%
Call IV 25d27.4%26.0%29.4%27.1%27.8%
Put IV 25d31.1%29.2%33.6%30.6%31.6%
Bid-Ask Spread %5.951.7918.772.382.58
Gamma HHI0.080.060.160.070.07
Net GEX8.8M-24.1M34.8M-4.6M4.6M
Net DEX302.9M-136.2M871.4M492.4M286.2M
Net VEX-6.9M-7.3M-6.3M-6.7M-6.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.351.760.461.67
Total Volume117,435.59145,986221,22877,54697,170
Total OI2,586,350.5452,283,5002,862,5582,382,6912,501,170

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$30.06$32.0028.2%8.1%24.6%9.1%31.1%3.4%-0.1%-4.6M492.4M-6.7M0.462.38N/AN/A53,11224,4341,272,5281,110,163
2023-10-03$29.13$32.0030.9%9.2%26.6%15.8%32.6%4.2%-0.2%-19.3M860.6M-6.3M1.742.17N/AN/A68,535119,4821,292,2251,113,625
2023-10-04$29.24$31.0029.8%8.6%26.5%12.9%30.4%3.7%-0.8%-24.1M847.6M-6.4M0.6012.52N/AN/A134,38280,2901,307,6871,178,818
2023-10-05$29.09$32.0029.7%8.4%25.8%12.8%28.8%3.8%-0.3%-10.9M871.4M-6.4M0.4611.10N/AN/A151,86869,3601,405,2541,206,891
2023-10-06$29.44$31.0028.2%8.3%25.8%8.9%30.5%2.8%-0.3%27.4M634.4M-6.9M0.8915.45N/AN/A98,88487,6791,526,6391,227,838
2023-10-09$29.70$30.0029.0%8.1%24.1%10.9%28.7%3.5%-0.4%5.2M456.8M-6.8M0.536.61N/AN/A47,50824,9771,453,3791,188,484
2023-10-10$30.69$30.0028.0%7.9%27.1%8.6%28.8%3.2%-0.3%32.6M-104.4M-7.2M0.572.11N/AN/A66,29837,5131,480,9231,195,501
2023-10-11$30.76$30.0026.8%7.7%26.8%5.3%28.3%3.2%0.2%34.8M-136.2M-7.0M1.021.79N/AN/A54,40555,5251,477,4231,186,821
2023-10-12$30.11$30.0027.6%7.9%26.3%7.4%27.5%3.4%0.1%10.7M277.0M-6.9M0.352.24N/AN/A61,56021,8091,489,6321,228,754
2023-10-13$30.23$30.0028.8%8.3%26.4%10.4%29.2%3.4%0.3%11.3M204.2M-7.1M1.762.35N/AN/A48,72285,7041,500,4051,238,785
2023-10-16$30.76$30.0027.7%7.9%27.4%7.7%27.3%3.6%-0.9%20.9M-43.9M-7.2M0.431.94N/AN/A96,58741,9561,489,1481,254,381
2023-10-17$30.63$30.0027.6%7.9%27.3%7.4%27.5%3.4%0.0%19.1M-23.2M-7.3M0.482.09N/AN/A42,63020,3001,560,3251,246,401
2023-10-18$30.06$30.0029.3%8.4%27.7%11.9%30.0%4.6%-0.5%1.1M329.5M-7.1M1.566.76N/AN/A40,43863,2061,562,2631,259,757
2023-10-19$30.12$30.0029.2%8.4%25.4%11.5%28.7%4.5%-0.5%3.8M311.7M-7.0M0.996.81N/AN/A58,19957,7741,580,3981,275,835
2023-10-20$29.91$30.0028.9%8.3%25.4%10.7%29.5%4.5%-0.8%-9.6M431.7M-6.8M1.297.28N/AN/A68,07387,7011,595,2711,267,287
2023-10-23$29.82$30.0028.3%8.3%25.3%9.3%28.7%4.2%0.3%8.7M244.7M-6.6M0.961.86N/AN/A24,12323,1391,240,5711,042,929
2023-10-24$30.27$30.0027.4%8.0%25.1%6.9%27.8%3.8%0.2%18.9M60.0M-6.8M0.802.50N/AN/A25,47820,5081,267,7371,059,425
2023-10-25$29.89$30.0028.4%8.3%25.0%9.4%29.7%4.0%0.3%12.6M199.9M-6.9M0.3818.77N/AN/A83,90831,6791,283,2491,070,301
2023-10-26$30.45$30.5027.6%7.9%25.1%7.5%27.4%3.6%0.1%30.4M-56.2M-7.0M0.762.26N/AN/A50,73738,3341,312,7361,077,382
2023-10-27$29.91$30.5028.7%8.4%25.7%10.2%30.3%3.6%0.1%15.0M187.9M-6.9M1.103.19N/AN/A66,81873,3221,338,5491,088,686
2023-10-30$29.51$30.5029.9%8.9%25.1%13.2%32.4%3.8%0.2%4.1M331.3M-6.8M1.6216.09N/AN/A30,31549,1411,341,4861,102,650
2023-10-31$29.70$30.5029.1%8.5%22.5%11.2%30.6%3.8%-0.0%4.6M286.2M-6.8M1.672.58N/AN/A36,37860,7921,366,0261,135,144