EWZ Options History — February 2024

In February 2024, EWZ traded between $32.16 and $34.03. ATM implied volatility averaged 23.0%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 1.7% (HV 20d: 21.3%). Max pain ranged from $33.00 to $34.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.76.

Notable Days

  • 2024-02-29: Highest Volume — 150,745 contracts
  • 2024-02-13: Largest IV spike — 6.2% change
  • 2024-02-13: Highest IV Rank — 30.5%
  • 2024-02-13: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.14$32.16$34.03$33.28$33.00
Max Pain$33.10$33.00$34.00$34.00$33.00
ATM IV23.0%21.5%25.2%23.2%22.3%
Expected Move6.6%6.1%7.2%7.0%6.3%
HV 20d21.3%17.7%24.3%17.7%24.3%
HV 60d22.4%21.4%23.2%21.4%23.2%
IV Rank17.3%8.4%30.5%18.4%12.7%
IV Percentile3.8%1.2%16.3%2.4%2.4%
Term Structure-0.0%-0.7%0.7%0.0%-0.3%
VWIV23.0%19.5%26.1%24.4%22.3%
Skew 25d2.1%1.2%3.3%2.4%1.7%
Skew 10d4.6%2.1%7.4%5.3%4.3%
Call IV 25d22.2%21.0%23.9%22.5%21.7%
Put IV 25d24.3%22.2%27.2%24.9%23.4%
Bid-Ask Spread %39.7027.4355.2033.4233.68
Gamma HHI0.090.070.150.090.11
Net GEX-9.7M-46.2M27.9M-17.2M-18.2M
Net DEX230.9M-285.3M792.7M218.5M231.6M
Net VEX-7.7M-8.2M-7.0M-7.9M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.760.386.262.750.60
Total Volume85,211.4518,911150,74540,585150,745
Total OI2,016,329.11,834,3572,203,6362,040,5672,064,116

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$33.28$34.0023.2%7.0%17.7%18.4%24.4%2.4%0.0%-17.2M218.5M-7.9M2.7533.42N/AN/A10,83729,748979,7641,060,803
2024-02-02$32.70$34.0023.4%6.7%18.3%19.6%24.8%2.9%-0.1%-35.7M520.9M-7.4M5.8937.20N/AN/A16,80598,981977,8961,075,334
2024-02-05$32.70$33.0023.4%6.6%17.8%19.5%22.7%2.7%-0.4%-19.6M434.7M-7.1M1.2149.63N/AN/A31,82338,379962,359987,273
2024-02-06$33.50$33.0023.5%6.9%20.1%20.2%22.8%3.0%0.4%5.0M89.1M-7.5M0.8442.86N/AN/A43,39436,496970,3591,009,814
2024-02-07$33.38$33.0022.5%6.6%19.5%14.5%22.8%2.4%0.7%-1.5M151.6M-7.4M1.1637.43N/AN/A26,88731,221988,4921,024,487
2024-02-08$32.75$33.0023.6%6.7%20.5%21.0%24.3%2.2%-0.3%-24.6M395.8M-7.0M2.2055.20N/AN/A19,69243,258988,3091,022,494
2024-02-09$32.91$33.0023.0%6.6%20.6%17.2%22.9%2.1%0.1%-17.5M356.5M-7.3M1.7351.37N/AN/A42,85274,099993,4971,024,115
2024-02-12$33.30$33.0023.7%6.8%20.9%21.7%23.8%2.4%-0.2%-8.8M219.1M-7.8M0.6647.86N/AN/A14,0719,356990,8751,082,314
2024-02-13$32.16$33.0025.2%7.2%22.2%30.5%26.1%3.3%0.3%-46.2M792.7M-7.4M1.5752.98N/AN/A24,02137,752997,3441,087,419
2024-02-14$32.55$33.0023.6%6.8%22.6%21.1%19.5%2.1%0.3%-41.8M585.9M-7.4M2.2649.87N/AN/A44,964101,6311,011,2901,102,444
2024-02-15$32.83$33.0022.7%6.5%22.7%15.5%22.7%2.0%0.7%-29.4M471.3M-7.6M1.1534.84N/AN/A46,32453,1651,043,5171,113,519
2024-02-16$33.13$33.0023.0%6.6%23.0%17.4%22.8%1.6%0.4%-14.2M280.1M-8.0M0.4645.10N/AN/A71,08432,8301,069,8611,133,775
2024-02-20$33.61$33.0023.4%6.6%22.2%19.6%23.0%1.8%-0.2%13.2M-44.4M-7.9M0.4327.60N/AN/A61,71426,737868,135966,222
2024-02-21$33.61$33.0023.3%6.6%21.6%19.1%24.1%1.8%-0.2%13.9M-37.9M-8.0M1.2328.73N/AN/A8,48910,422889,700985,237
2024-02-22$33.55$33.0022.7%6.5%21.6%15.5%22.8%1.7%0.1%11.9M-20.7M-8.0M0.3827.43N/AN/A38,26214,355900,686996,471
2024-02-23$33.14$33.0022.4%6.5%22.1%13.6%22.5%1.8%-0.4%7.5M115.6M-7.8M6.2630.47N/AN/A12,73079,672926,321999,938
2024-02-26$33.31$33.0021.9%6.3%21.9%10.3%21.7%1.4%-0.7%518.2K69.5M-7.8M1.5634.12N/AN/A23,50336,591925,5451,034,279
2024-02-27$34.03$33.0021.5%6.1%22.9%8.4%21.9%1.2%-0.5%27.9M-285.3M-7.8M1.3233.72N/AN/A63,34983,713945,0201,045,813
2024-02-28$33.36$33.0021.7%6.2%24.0%9.5%21.9%1.5%-0.1%84073.3M-8.2M1.5940.49N/AN/A44,07070,207988,1791,093,566
2024-02-29$33.00$33.0022.3%6.3%24.3%12.7%22.3%1.7%-0.3%-18.2M231.6M-8.1M0.6033.68N/AN/A94,34156,404994,2731,069,843