EWZ Options History — May 2024

In May 2024, EWZ traded between $29.55 and $32.50. ATM implied volatility averaged 26.0%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 6.2% (HV 20d: 19.8%). Max pain ranged from $32.00 to $33.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.93.

Notable Days

  • 2024-05-22: Highest Volume — 301,038 contracts
  • 2024-05-13: Largest IV spike — 55.5% change
  • 2024-05-13: Highest IV Rank — 100.0%
  • 2024-05-10: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.35$29.55$32.50$31.24$29.55
Max Pain$32.09$32.00$33.00$32.00$32.00
ATM IV26.0%21.7%36.6%24.6%23.1%
Expected Move7.2%6.7%8.2%7.2%7.2%
HV 20d19.8%15.1%24.9%23.3%15.1%
HV 60d19.7%18.7%21.3%21.2%19.1%
IV Rank37.0%11.8%100.0%28.7%19.8%
IV Percentile42.6%6.7%100.0%29.0%17.9%
Term Structure0.7%-2.9%16.7%-1.5%-1.2%
VWIV24.7%21.9%27.9%25.7%23.4%
Skew 25d2.3%1.4%3.2%1.4%2.5%
Skew 10d2.4%-6.3%5.8%3.9%3.6%
Call IV 25d22.5%21.1%26.8%23.6%21.6%
Put IV 25d24.8%22.9%29.1%25.0%24.1%
Bid-Ask Spread %85.4554.3699.6257.8799.62
Gamma HHI0.100.080.140.140.12
Net GEX-36.3M-104.7M14.8M-69.1M-104.7M
Net DEX670.2M-10.5M1.59B771.8M1.59B
Net VEX-8.5M-9.1M-8.0M-8.7M-8.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.308.272.510.94
Total Volume131,169.68251,364301,038117,979106,865
Total OI2,627,794.5912,166,1732,947,1372,710,0052,698,246

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$31.24$32.0024.6%7.2%23.3%28.7%25.7%1.4%-1.5%-69.1M771.8M-8.7M2.5157.87N/AN/A33,57484,4051,163,2271,546,778
2024-05-02$31.80$32.0022.9%6.9%24.3%18.9%25.0%2.2%0.7%-15.2M354.7M-8.8M1.0254.36N/AN/A73,53075,3431,180,3841,611,335
2024-05-03$32.34$32.0022.4%6.7%24.9%15.5%24.0%1.7%0.4%11.0M26.0M-9.1M0.3355.86N/AN/A97,20531,8011,195,5151,669,494
2024-05-06$32.33$32.0021.8%7.4%23.3%12.0%24.5%1.9%4.3%7.0M120.8M-9.0M1.1084.12N/AN/A37,48341,1991,184,7321,432,106
2024-05-07$32.50$32.0021.7%7.3%23.2%11.8%24.0%2.1%4.5%14.8M-10.5M-8.8M0.4383.24N/AN/A59,18425,2931,189,8061,450,421
2024-05-08$32.41$33.0022.7%7.3%21.2%17.5%27.6%1.7%16.7%11.0M40.7M-8.6M4.7884.20N/AN/A17,86585,4481,191,6971,458,800
2024-05-09$31.84$33.0022.9%7.3%22.1%18.9%24.0%1.4%4.5%-45.4M470.6M-8.6M1.2778.71N/AN/A89,778114,0371,197,7151,501,724
2024-05-10$31.61$32.0023.5%8.2%21.4%22.5%24.5%1.7%4.5%-42.7M516.5M-8.9M0.5385.31N/AN/A33,50817,8561,219,4071,508,276
2024-05-13$31.79$32.0036.6%7.5%20.3%100.0%25.1%2.6%-1.8%-25.2M441.8M-8.4M0.6387.43N/AN/A50,12831,6861,205,1871,488,684
2024-05-14$31.95$32.0028.0%7.5%18.5%49.2%27.9%3.2%-1.8%-1.3M288.6M-8.3M0.3090.08N/AN/A184,96254,9131,244,3861,477,308
2024-05-15$31.63$32.0028.2%7.5%19.1%50.0%25.4%2.3%-2.5%-5.1M537.4M-8.4M1.6589.71N/AN/A43,13170,9591,379,3091,496,796
2024-05-16$31.68$32.0027.1%7.4%19.1%43.5%25.5%2.3%-2.9%-7.7M470.0M-8.2M0.5492.55N/AN/A63,04534,0531,411,2631,501,196
2024-05-17$31.79$32.0031.9%7.0%18.1%72.5%23.5%3.1%-2.2%-17.4M530.1M-8.0M3.0690.92N/AN/A53,023162,0381,436,6511,510,486
2024-05-20$31.62$32.0025.4%7.1%18.1%33.5%24.0%2.3%-0.3%-21.5M581.2M-8.1M3.6188.35N/AN/A18,37566,396878,7911,287,382
2024-05-21$31.46$32.0025.4%6.8%18.1%33.6%21.9%2.5%-0.6%-29.7M670.1M-8.1M2.8087.01N/AN/A16,66746,724892,1761,325,870
2024-05-22$30.82$32.0024.3%7.0%19.5%27.4%25.1%2.5%-0.6%-49.4M948.2M-8.3M2.9294.97N/AN/A76,882224,156898,3011,363,339
2024-05-23$30.59$32.0023.9%6.9%19.5%24.6%24.2%1.9%-1.2%-66.7M1.10B-8.1M8.2794.21N/AN/A8,47170,062914,3631,497,358
2024-05-24$30.43$32.0023.7%6.9%17.3%23.6%23.4%2.6%-1.0%-81.8M1.22B-8.3M1.5395.83N/AN/A20,57931,395916,9591,557,799
2024-05-28$30.37$32.0033.6%7.1%17.1%82.3%27.5%3.1%-0.5%-83.5M1.27B-8.2M2.0096.31N/AN/A43,09086,300925,5831,564,835
2024-05-29$29.89$32.0033.9%7.4%16.2%83.8%24.8%2.9%-1.3%-95.1M1.47B-8.3M1.1393.41N/AN/A139,030156,432957,2541,584,470
2024-05-30$30.05$32.0023.8%7.3%16.1%24.0%23.0%2.6%-1.3%-81.3M1.33B-8.9M1.1795.83N/AN/A50,08758,7751,036,4411,659,631
2024-05-31$29.55$32.0023.1%7.2%15.1%19.8%23.4%2.5%-1.2%-104.7M1.59B-8.6M0.9499.62N/AN/A55,04951,8161,052,9751,645,271