EWZ Options History — March 2024

In March 2024, EWZ traded between $31.96 and $33.17. ATM implied volatility averaged 21.7%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 1.5% (HV 20d: 20.2%). Max pain ranged from $33.00 to $33.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.15.

Notable Days

  • 2024-03-08: Highest Volume — 168,655 contracts
  • 2024-03-14: Largest IV drop — 4.3% change
  • 2024-03-11: Highest IV Rank — 20.4%
  • 2024-03-11: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.50$31.96$33.17$33.17$32.41
Max Pain$33.00$33.00$33.00$33.00$33.00
ATM IV21.7%19.7%23.5%22.1%19.7%
Expected Move6.2%5.6%6.8%6.2%5.6%
HV 20d20.2%16.6%24.0%24.0%16.6%
HV 60d21.4%19.4%23.4%22.8%19.4%
IV Rank9.5%0.0%20.4%11.8%0.0%
IV Percentile3.0%0.0%11.9%2.4%0.0%
Term Structure1.5%-0.6%10.7%-0.6%0.9%
VWIV21.8%19.5%23.4%21.8%19.5%
Skew 25d1.5%0.1%3.5%1.4%1.4%
Skew 10d2.2%-10.2%4.3%2.1%3.1%
Call IV 25d21.2%19.5%23.7%21.6%19.5%
Put IV 25d22.7%20.9%24.5%23.0%20.9%
Bid-Ask Spread %52.3533.7373.2233.7364.74
Gamma HHI0.080.070.180.080.08
Net GEX-4.7M-38.7M11.5M11.5M3.0M
Net DEX348.3M101.4M573.4M101.4M291.0M
Net VEX-8.3M-8.8M-7.9M-8.0M-8.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.245.821.110.71
Total Volume84,294.334,315168,65591,94573,936
Total OI2,048,668.951,740,1532,322,2242,101,3641,984,443

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$33.17$33.0022.1%6.2%24.0%11.8%21.8%1.4%-0.6%11.5M101.4M-8.0M1.1133.73N/AN/A43,48148,4641,015,8641,085,500
2024-03-04$32.97$33.0021.9%6.4%23.2%10.6%23.1%1.7%0.6%4.4M211.8M-8.0M1.2936.36N/AN/A18,76424,1921,011,2131,040,828
2024-03-05$32.83$33.0022.2%6.4%23.3%12.3%22.8%1.4%-0.0%122.9K266.8M-7.9M0.9945.63N/AN/A45,64945,0161,013,2031,044,348
2024-03-06$33.14$33.0022.1%6.4%21.8%11.8%22.3%1.3%0.3%10.2M129.2M-8.3M2.0662.91N/AN/A38,19978,6401,036,2111,062,703
2024-03-07$33.08$33.0021.9%6.3%21.8%10.8%22.0%1.6%-0.1%8.1M131.7M-8.2M0.4647.09N/AN/A49,47322,8751,063,9201,083,060
2024-03-08$32.22$33.0022.6%6.6%22.7%15.0%23.0%1.4%0.2%-12.3M553.0M-8.0M0.7959.83N/AN/A94,35074,3051,101,7081,096,300
2024-03-11$32.09$33.0023.5%6.8%22.6%20.4%23.4%0.1%1.6%-14.2M573.4M-8.1M1.0244.90N/AN/A39,25940,1371,089,9751,105,947
2024-03-12$32.55$33.0022.7%6.5%22.8%15.2%22.5%1.0%-0.0%-6.9M429.7M-8.4M0.7649.07N/AN/A44,60434,0951,095,9771,205,218
2024-03-13$32.63$33.0022.6%6.3%19.1%14.7%22.0%1.5%0.1%-3.0M404.9M-8.4M5.8263.30N/AN/A17,00098,9901,109,4041,197,339
2024-03-14$32.34$33.0021.6%6.1%18.9%8.9%21.8%3.5%-0.2%-18.4M533.8M-8.1M1.9655.33N/AN/A21,53942,1371,112,6141,192,336
2024-03-15$32.11$33.0021.9%6.1%18.7%10.9%21.7%1.3%-0.3%-38.7M566.3M-8.1M0.9754.39N/AN/A55,86354,2891,125,4781,196,746
2024-03-18$31.96$33.0021.4%6.1%18.3%7.7%21.9%1.9%0.6%-15.7M521.3M-7.9M0.2737.18N/AN/A48,07512,857734,6031,005,550
2024-03-19$32.06$33.0021.6%6.2%17.4%9.0%21.6%1.8%10.7%-12.0M468.1M-8.1M0.6939.04N/AN/A54,23037,642772,8071,015,635
2024-03-20$32.80$33.0021.6%6.2%19.6%8.7%21.9%1.0%5.9%4.7M168.8M-8.5M0.2547.72N/AN/A112,57527,723810,0301,045,670
2024-03-21$32.55$33.0021.3%6.1%19.7%7.0%21.7%1.8%0.6%8.9M201.7M-8.6M1.1572.67N/AN/A40,59946,619870,175970,177
2024-03-22$32.14$33.0021.1%6.0%19.8%5.6%21.0%1.7%0.2%-17.4M429.6M-8.4M0.3873.22N/AN/A66,71525,635864,7641,003,546
2024-03-25$32.25$33.0021.3%6.1%19.7%7.3%21.1%1.5%0.3%-4.1M351.2M-8.7M1.8248.72N/AN/A12,84323,378901,6171,007,693
2024-03-26$32.22$33.0020.7%5.9%17.7%3.3%20.6%1.6%0.9%-6.1M385.0M-8.5M0.2455.21N/AN/A30,1887,235909,3711,026,280
2024-03-27$32.50$33.0019.9%5.7%16.9%0.0%19.6%1.3%8.0%3.7M248.1M-8.8M0.2656.06N/AN/A27,2297,086934,7931,030,333
2024-03-28$32.41$33.0019.7%5.6%16.6%0.0%19.5%1.4%0.9%3.0M291.0M-8.7M0.7164.74N/AN/A43,24530,691950,6761,033,767