EWZ Options History — November 2023

In November 2023, EWZ traded between $30.69 and $34.16. ATM implied volatility averaged 28.1%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 4.5% (HV 20d: 23.6%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2023-11-14: Highest Volume — 233,426 contracts
  • 2023-11-21: Largest IV spike — 16.9% change
  • 2023-11-21: Highest IV Rank — 28.5%
  • 2023-11-01: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.96$30.69$34.16$30.69$33.97
Max Pain$30.40$30.00$31.00$30.50$31.00
ATM IV28.1%24.4%35.8%27.8%29.3%
Expected Move7.4%7.0%8.1%8.1%7.2%
HV 20d23.6%18.9%26.4%25.1%18.9%
HV 60d25.3%23.9%26.4%25.3%23.9%
IV Rank9.1%0.0%28.5%7.9%12.3%
IV Percentile28.6%0.0%81.0%29.0%46.0%
Term Structure0.7%-3.9%6.0%0.2%0.1%
VWIV26.8%25.3%28.8%28.8%27.3%
Skew 25d2.7%1.1%3.8%3.5%3.4%
Skew 10d5.0%2.7%7.5%7.5%4.3%
Call IV 25d26.1%23.8%29.2%26.7%25.9%
Put IV 25d28.9%26.4%33.0%30.3%29.4%
Bid-Ask Spread %17.571.7857.5510.251.98
Gamma HHI0.130.090.220.090.15
Net GEX89.2M31.4M126.9M31.4M76.2M
Net DEX-1.25B-1.96B-169.6M-169.6M-1.38B
Net VEX-6.2M-7.1M-5.5M-6.9M-5.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.191.891.061.48
Total Volume123,945.14345,083233,42660,91674,040
Total OI2,676,111.4762,519,4342,826,7212,524,8622,674,816

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$30.69$30.5027.8%8.1%25.1%7.9%28.8%3.5%0.2%31.4M-169.6M-6.9M1.0610.25N/AN/A29,53831,3781,369,0421,155,820
2023-11-02$31.52$30.0026.8%7.6%26.4%5.4%27.5%3.1%0.2%57.7M-616.7M-7.0M0.2223.38N/AN/A109,99823,9621,389,4521,154,534
2023-11-03$31.93$30.0026.2%7.6%26.4%4.0%27.0%2.9%0.5%76.8M-887.1M-7.1M0.2148.87N/AN/A191,69239,3951,461,6501,156,525
2023-11-06$32.02$30.0026.2%7.5%26.4%3.9%28.3%2.8%0.2%94.0M-972.0M-7.0M0.8252.66N/AN/A47,85739,3411,551,8691,142,652
2023-11-07$32.30$30.0024.6%7.3%24.1%0.0%27.2%3.1%0.9%103.1M-1.10B-6.5M0.4054.92N/AN/A144,36557,6821,531,0301,135,407
2023-11-08$32.02$30.0024.4%7.2%24.5%0.0%25.3%2.6%0.5%101.0M-930.4M-6.6M1.0247.84N/AN/A41,03141,8631,610,5941,177,499
2023-11-09$31.80$30.0024.8%7.2%23.1%0.9%25.7%2.4%0.8%90.1M-715.6M-6.5M0.1926.98N/AN/A185,02935,6881,618,0681,188,650
2023-11-10$32.38$30.0024.8%7.3%23.8%1.0%25.5%2.4%1.1%124.0M-1.22B-6.4M0.239.90N/AN/A103,32623,4291,607,6871,205,588
2023-11-13$32.38$30.0025.6%7.4%23.2%2.9%27.9%2.1%4.5%107.9M-1.09B-6.0M1.065.76N/AN/A21,89523,1881,546,2571,186,738
2023-11-14$33.39$30.0025.7%7.4%25.1%3.2%28.2%1.6%5.3%126.9M-1.79B-6.0M0.331.82N/AN/A174,89258,5341,550,2241,192,955
2023-11-15$33.58$30.0025.2%7.2%23.6%1.9%25.8%1.7%6.0%121.1M-1.92B-5.9M0.585.64N/AN/A43,70725,1731,582,1891,216,211
2023-11-16$33.69$30.0025.7%7.0%23.5%3.0%25.8%1.9%5.5%114.9M-1.96B-5.8M0.562.01N/AN/A58,21932,5031,576,0381,237,541
2023-11-17$33.48$30.0029.7%7.2%23.5%13.1%26.5%1.1%4.7%126.8M-1.87B-5.6M0.462.49N/AN/A157,49571,9701,569,7021,257,019
2023-11-20$34.16$31.0030.7%7.2%23.8%15.6%25.7%2.4%-2.5%87.3M-1.64B-6.1M0.811.99N/AN/A93,99476,3591,408,1111,111,323
2023-11-21$33.78$31.0035.8%7.3%24.4%28.5%28.0%3.3%-1.8%71.2M-1.35B-6.0M1.351.85N/AN/A35,50647,7751,381,4351,160,732
2023-11-22$33.72$31.0033.1%7.5%23.6%21.7%27.1%3.8%-3.9%67.0M-1.30B-5.9M1.8957.55N/AN/A32,40561,1941,375,9511,183,673
2023-11-24$33.70$31.0032.0%7.5%23.2%18.9%26.7%3.2%-3.2%64.9M-1.27B-6.0M0.461.91N/AN/A45,34620,7741,397,0071,232,058
2023-11-27$33.70$31.0032.1%7.6%21.7%19.2%26.2%3.3%-0.3%70.8M-1.26B-5.6M0.572.11N/AN/A50,28428,7251,394,4071,220,308
2023-11-28$34.14$31.0030.7%7.3%20.6%15.7%25.4%3.5%-0.8%86.7M-1.52B-5.6M0.371.78N/AN/A124,41045,7061,409,6411,225,329
2023-11-29$33.86$31.0029.5%7.2%21.3%12.6%26.3%3.2%-3.8%72.6M-1.34B-5.5M0.837.22N/AN/A29,00424,1761,407,3171,245,292
2023-11-30$33.97$31.0029.3%7.2%18.9%12.3%27.3%3.4%0.1%76.2M-1.38B-5.5M1.481.98N/AN/A29,79844,2421,419,0471,255,769