EWZ Options History — September 2024

In September 2024, EWZ traded between $29.02 and $30.12. ATM implied volatility averaged 24.0%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 2.2% (HV 20d: 21.8%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.96.

Notable Days

  • 2024-09-19: Highest Volume — 373,704 contracts
  • 2024-09-12: Largest IV drop — 6.1% change
  • 2024-09-03: Highest IV Rank — 24.4%
  • 2024-09-03: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.57$29.02$30.12$29.34$29.45
Max Pain$29.10$29.00$30.00$30.00$29.00
ATM IV24.0%22.9%25.3%25.3%23.9%
Expected Move6.9%6.5%7.4%7.4%7.1%
HV 20d21.8%18.9%25.1%25.1%19.5%
HV 60d21.4%20.7%22.8%22.8%20.9%
IV Rank18.9%14.1%24.4%24.4%18.4%
IV Percentile44.3%23.0%58.3%58.3%47.2%
Term Structure0.2%-0.7%2.2%-0.0%1.0%
VWIV24.3%22.3%26.3%25.5%24.9%
Skew 25d2.5%1.5%3.4%2.6%2.3%
Skew 10d5.2%1.4%8.4%3.9%5.9%
Call IV 25d23.2%22.0%24.6%24.6%23.6%
Put IV 25d25.7%24.7%27.2%27.2%25.9%
Bid-Ask Spread %45.7936.5860.1850.6241.38
Gamma HHI0.080.070.120.080.08
Net GEX-14.5M-45.8M12.1M-24.2M-13.6M
Net DEX199.8M-239.6M667.4M420.9M242.0M
Net VEX-10.6M-11.3M-10.0M-11.3M-10.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.124.780.250.78
Total Volume103,24443,380373,704108,44555,306
Total OI3,291,634.053,072,9553,650,4253,192,0883,265,741

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$29.34$30.0025.3%7.4%25.1%24.4%25.5%2.6%-0.0%-24.2M420.9M-11.3M0.2550.62N/AN/A86,51921,9261,384,9301,807,158
2024-09-04$29.63$30.0024.2%7.1%23.7%19.9%24.8%2.3%0.4%-5.1M167.2M-11.3M1.7149.70N/AN/A26,40545,0381,444,9821,798,918
2024-09-05$29.91$29.0023.7%6.7%23.6%17.6%26.3%2.4%-0.0%9.8M-27.5M-11.3M0.9160.18N/AN/A34,53531,3451,440,9841,803,246
2024-09-06$29.34$29.0024.2%7.1%24.3%19.8%24.2%3.2%-0.0%-25.4M455.5M-11.1M0.6759.74N/AN/A44,84430,1601,452,9941,817,997
2024-09-09$29.45$29.0024.5%7.1%22.7%21.2%24.6%3.0%0.1%-15.1M326.0M-10.8M0.5749.66N/AN/A29,26916,7381,417,9971,809,176
2024-09-10$29.05$29.0024.6%7.0%22.9%21.5%25.1%3.3%-0.2%-36.0M667.4M-10.8M0.9440.75N/AN/A65,41861,6121,444,5831,821,911
2024-09-11$29.19$29.0024.4%6.8%22.1%20.7%23.0%2.9%-0.4%-34.8M546.8M-10.9M0.2840.49N/AN/A51,41114,5601,468,6761,854,277
2024-09-12$29.27$29.0022.9%6.6%22.0%14.1%23.4%3.4%0.4%-36.0M481.1M-10.6M0.4036.59N/AN/A34,82213,9861,494,7561,861,552
2024-09-13$29.69$29.0023.1%6.5%22.7%15.1%22.3%2.2%-0.7%-16.4M167.1M-10.7M0.1436.58N/AN/A106,27015,0911,508,3091,864,371
2024-09-16$29.99$29.0023.8%6.8%23.0%17.9%23.6%2.4%1.1%3.0M-122.7M-10.4M0.7142.20N/AN/A28,46120,3151,482,5831,825,405
2024-09-17$30.12$29.0023.7%6.8%21.3%17.6%24.5%2.3%-0.0%12.1M-239.6M-10.3M0.4844.35N/AN/A69,60633,1781,490,5361,829,722
2024-09-18$30.02$29.0023.6%6.8%21.1%17.1%23.9%2.4%0.6%5.1M-151.1M-10.1M0.5051.54N/AN/A102,99351,7611,513,4121,833,247
2024-09-19$30.09$29.0023.5%6.7%21.1%16.8%23.0%2.0%2.2%5.3M-236.0M-10.0M0.1259.03N/AN/A335,12638,5781,527,3371,851,414
2024-09-20$29.20$29.0023.9%6.9%21.0%18.5%24.1%2.8%-0.3%-45.8M447.9M-10.5M2.4054.26N/AN/A38,80693,2671,807,6551,842,770
2024-09-23$29.02$29.0024.7%7.1%18.9%21.8%25.4%2.8%-0.1%-31.7M506.7M-10.5M4.7840.46N/AN/A38,281182,8841,436,5581,636,397
2024-09-24$29.66$29.0023.9%6.8%20.3%18.5%24.2%1.9%-0.3%-15.4M104.3M-10.3M0.5638.28N/AN/A35,67219,9181,445,8111,746,064
2024-09-25$29.48$29.0024.5%7.1%20.4%21.0%25.5%2.1%0.3%-18.2M198.4M-10.6M0.9436.68N/AN/A40,64638,0121,485,3181,756,655
2024-09-26$29.71$29.0024.5%7.1%20.6%21.1%24.6%1.5%-0.1%-5.0M33.2M-10.5M1.2836.64N/AN/A30,15638,5851,498,8301,762,910
2024-09-27$29.77$29.0023.3%6.8%19.2%15.6%23.8%1.8%-0.1%-3.4M9.1M-10.5M0.8746.73N/AN/A23,14920,2311,516,1021,781,397
2024-09-30$29.45$29.0023.9%7.1%19.5%18.4%24.9%2.3%1.0%-13.6M242.0M-10.4M0.7841.38N/AN/A30,99724,3091,516,0211,749,720