EWZ Options History — July 2024

In July 2024, EWZ traded between $27.18 and $29.19. ATM implied volatility averaged 23.0%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 1.8% (HV 20d: 21.2%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.22.

Notable Days

  • 2024-07-02: Highest Volume — 326,478 contracts
  • 2024-07-05: Largest IV drop — 7.6% change
  • 2024-07-02: Highest IV Rank — 26.5%
  • 2024-07-02: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.20$27.18$29.19$27.18$27.79
Max Pain$28.52$27.00$29.00$28.00$28.50
ATM IV23.0%21.4%25.7%24.9%22.5%
Expected Move6.7%6.2%7.7%7.3%6.7%
HV 20d21.2%17.4%26.1%23.2%19.5%
HV 60d20.5%19.2%21.4%21.1%19.2%
IV Rank14.5%7.7%26.5%23.1%12.1%
IV Percentile20.9%4.8%51.6%42.1%15.1%
Term Structure-0.4%-7.9%2.5%-1.8%-7.9%
VWIV23.6%21.5%26.8%25.4%23.7%
Skew 25d1.4%0.2%2.3%1.8%2.2%
Skew 10d2.6%-2.4%7.8%3.5%3.7%
Call IV 25d22.7%21.3%25.2%24.2%22.1%
Put IV 25d24.1%22.2%27.2%26.1%24.2%
Bid-Ask Spread %66.6444.6391.6544.6373.42
Gamma HHI0.120.100.180.120.10
Net GEX7.0M-58.8M86.1M-20.2M-29.5M
Net DEX499.3M-255.7M1.10B1.10B842.0M
Net VEX-11.6M-12.7M-10.6M-11.5M-10.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.237.090.940.27
Total Volume128,691.553,533326,47886,71785,751
Total OI2,986,162.5912,599,5303,295,6932,975,1192,705,090

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$27.18$28.0024.9%7.3%23.2%23.1%25.4%1.8%-1.8%-20.2M1.10B-11.5M0.9444.63N/AN/A44,60442,1131,427,5981,547,521
2024-07-02$27.23$28.5025.7%7.7%23.2%26.5%26.8%1.9%-0.5%-17.6M1.09B-11.8M0.4256.84N/AN/A229,33297,1461,432,9661,564,971
2024-07-03$28.02$28.0025.4%7.5%25.6%25.0%26.4%2.2%-0.2%57.9M350.2M-12.7M0.3275.18N/AN/A81,13326,1441,638,8791,619,811
2024-07-05$28.34$27.0023.5%6.8%26.1%16.6%24.3%0.8%0.1%66.3M39.5M-12.6M0.2366.55N/AN/A234,82255,0371,667,3721,628,321
2024-07-08$28.38$27.0023.4%6.8%24.9%16.4%24.3%1.4%0.1%41.7M302.8M-12.2M0.7360.66N/AN/A78,88357,2891,539,6741,603,052
2024-07-09$28.77$27.0022.6%6.5%22.8%12.9%23.0%0.7%-0.4%70.6M-53.3M-12.5M0.6765.02N/AN/A75,54450,5911,588,9331,628,297
2024-07-10$28.82$28.0022.4%6.5%22.8%11.8%22.5%0.7%0.3%75.3M-42.1M-12.3M0.3266.03N/AN/A84,44926,7441,594,5141,627,184
2024-07-11$28.93$29.0022.1%6.4%20.2%10.7%22.7%0.8%0.1%86.1M-121.3M-12.5M0.4353.40N/AN/A158,61867,6171,602,7801,643,664
2024-07-12$29.13$29.0021.4%6.2%17.9%7.7%21.5%1.0%0.4%60.3M-255.7M-12.2M0.7459.46N/AN/A76,84956,6801,502,4051,676,209
2024-07-15$29.19$29.0022.0%6.3%18.0%10.0%22.0%1.1%0.2%52.5M-185.7M-11.7M0.3961.44N/AN/A64,45025,2991,456,4031,661,205
2024-07-16$29.16$29.0021.9%6.3%17.9%9.4%24.0%0.8%0.3%45.1M-135.7M-11.8M0.6376.83N/AN/A63,54939,7511,438,6351,678,141
2024-07-17$29.05$29.0021.6%6.2%17.4%8.6%22.1%0.2%-0.6%36.0M14.6M-11.7M0.8091.65N/AN/A36,61329,4371,436,3371,700,306
2024-07-18$28.11$29.0023.3%6.7%21.7%15.7%23.6%1.1%-0.6%-23.9M784.8M-11.1M2.2188.86N/AN/A37,58482,9021,443,5271,709,558
2024-07-19$28.02$29.0023.2%6.7%21.8%15.4%23.1%1.4%-0.6%-55.6M844.3M-11.1M1.4073.18N/AN/A60,59184,8661,441,5051,718,308
2024-07-22$28.27$29.0022.8%6.6%21.7%13.6%23.6%1.6%0.1%-27.0M643.4M-11.0M7.0976.45N/AN/A11,76983,4761,115,3281,484,202
2024-07-23$27.84$29.0022.9%6.7%21.5%14.2%23.5%1.3%-0.2%-39.5M874.3M-11.2M2.8953.81N/AN/A27,82880,3941,121,6471,524,102
2024-07-24$27.55$29.0023.3%6.7%21.2%15.6%23.7%1.6%-0.2%-52.4M1.07B-10.8M1.9657.87N/AN/A61,397120,5891,139,2741,551,261
2024-07-25$27.49$29.0023.0%6.6%20.8%14.6%23.2%2.0%2.5%-58.8M1.09B-11.0M1.2864.90N/AN/A32,60441,8901,165,1741,558,440
2024-07-26$27.73$29.0022.2%6.4%20.3%11.1%22.4%2.1%0.0%-48.4M937.0M-10.8M0.3365.58N/AN/A68,56522,4521,185,6581,564,091
2024-07-29$27.74$29.0022.8%6.7%19.3%13.6%23.4%2.2%0.0%-29.7M861.5M-10.8M2.0064.64N/AN/A24,14048,1881,165,8141,524,415
2024-07-30$27.61$28.5023.2%7.0%19.4%15.2%24.9%2.3%-0.3%-35.4M941.8M-10.6M0.7369.76N/AN/A31,02122,5121,160,5241,512,481
2024-07-31$27.79$28.5022.5%6.7%19.5%12.1%23.7%2.2%-7.9%-29.5M842.0M-10.9M0.2773.42N/AN/A67,64218,1091,178,3541,526,736