EWZ Options History — June 2025

In June 2025, EWZ traded between $27.21 and $28.86. ATM implied volatility averaged 28.7%, placing in the 43.6% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 11.9% (HV 20d: 16.8%). Max pain ranged from $26.00 to $28.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.55.

Notable Days

2025-06-13: Highest Volume — 1,007,904 contracts
2025-06-10: Largest IV spike — 46.2% change
2025-06-05: Highest IV Rank — 88.3%
2025-06-02: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.89	$27.21	$28.86	$27.21	$28.86
Max Pain	$27.35	$26.00	$28.00	$26.00	$28.00
ATM IV	28.7%	18.4%	43.3%	26.1%	36.0%
Expected Move	6.8%	6.3%	8.1%	8.1%	6.5%
HV 20d	16.8%	14.0%	23.2%	23.2%	16.7%
HV 60d	29.7%	28.9%	31.1%	31.1%	29.8%
IV Rank	43.6%	11.7%	88.3%	35.5%	65.9%
IV Percentile	57.1%	1.6%	99.2%	62.3%	94.0%
Term Structure	-1.7%	-25.9%	24.0%	-6.2%	-15.8%
VWIV	24.2%	21.8%	29.9%	27.0%	23.3%
Skew 25d	0.5%	-20.9%	23.2%	11.1%	22.3%
Skew 10d	-2.2%	-29.4%	18.8%	2.1%	-11.9%
Call IV 25d	28.3%	14.7%	48.2%	14.7%	30.0%
Put IV 25d	28.8%	14.4%	52.4%	25.8%	52.4%
Bid-Ask Spread %	63.78	42.00	83.22	71.49	53.67
Gamma HHI	0.15	0.11	0.20	0.12	0.16
Net GEX	45.7M	12.2M	75.0M	23.2M	64.6M
Net DEX	-927.8M	-1.42B	-595.4M	-595.4M	-1.42B
Net VEX	-11.1M	-13.0M	-9.4M	-9.4M	-13.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.08	1.07	0.84	0.08
Total Volume	142,555.9	41,053	1,007,904	41,053	309,799
Total OI	2,340,208.6	1,902,109	2,567,508	2,243,475	2,210,269

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$27.21	$26.00	26.1%	8.1%	23.2%	35.5%	27.0%	11.1%	-6.2%	23.2M	-595.4M	-9.4M	0.84	71.49	N/A	N/A	22,288	18,765	1,269,194	974,281
2025-06-03	$27.55	$26.00	31.3%	8.0%	22.8%	51.5%	29.9%	-17.4%	19.7%	30.7M	-768.6M	-9.5M	0.38	81.75	N/A	N/A	57,335	21,760	1,272,435	985,580
2025-06-04	$27.43	$26.00	42.9%	7.6%	22.8%	87.2%	27.9%	-14.7%	-25.9%	31.1M	-705.7M	-9.5M	1.02	82.62	N/A	N/A	25,068	25,676	1,320,755	1,004,995
2025-06-05	$27.62	$27.00	43.3%	6.7%	22.6%	88.3%	23.7%	23.2%	-9.0%	43.5M	-845.8M	-10.0M	0.54	61.37	N/A	N/A	86,760	46,482	1,389,180	1,026,343
2025-06-06	$27.77	$27.00	31.1%	6.9%	17.4%	51.0%	23.7%	-4.9%	-10.0%	52.5M	-1.02B	-10.5M	0.73	63.15	N/A	N/A	32,182	23,567	1,452,453	1,057,262
2025-06-09	$27.63	$27.00	26.4%	6.8%	17.5%	36.3%	23.6%	6.4%	4.7%	48.2M	-918.4M	-10.4M	0.36	64.46	N/A	N/A	72,037	26,210	1,446,269	1,054,072
2025-06-10	$27.73	$27.00	38.6%	6.6%	17.5%	73.9%	23.5%	-0.1%	-13.9%	46.4M	-968.6M	-10.4M	0.42	59.06	N/A	N/A	41,402	17,284	1,446,902	1,067,079
2025-06-11	$28.16	$27.00	21.6%	6.6%	14.4%	21.6%	22.9%	-20.9%	-1.1%	69.0M	-1.26B	-10.5M	0.49	65.12	N/A	N/A	76,793	37,428	1,452,516	1,079,627
2025-06-12	$28.14	$27.00	20.2%	6.6%	14.3%	17.3%	24.5%	-2.9%	2.0%	75.0M	-1.23B	-10.6M	0.41	64.32	N/A	N/A	62,798	25,973	1,475,137	1,082,520
2025-06-13	$28.12	$27.00	23.7%	6.7%	14.0%	28.0%	23.4%	-2.1%	0.2%	74.7M	-1.21B	-10.5M	0.08	68.95	N/A	N/A	935,020	72,884	1,478,943	1,080,180
2025-06-16	$28.30	$28.00	31.8%	7.2%	14.1%	52.8%	25.8%	2.1%	4.7%	54.5M	-948.2M	-11.8M	0.39	71.30	N/A	N/A	109,853	43,088	1,369,571	1,114,397
2025-06-17	$28.05	$28.00	26.6%	7.0%	14.3%	37.0%	25.0%	1.9%	-4.3%	38.9M	-778.0M	-12.0M	1.07	74.35	N/A	N/A	38,798	41,354	1,398,797	1,137,879
2025-06-18	$28.09	$28.00	23.5%	6.7%	14.3%	27.4%	22.8%	3.0%	-8.9%	41.1M	-832.7M	-11.9M	0.62	53.42	N/A	N/A	42,775	26,327	1,414,495	1,140,643
2025-06-20	$27.71	$28.00	25.2%	6.5%	14.1%	32.8%	23.1%	2.4%	2.6%	12.2M	-661.1M	-11.8M	0.93	83.22	N/A	N/A	24,491	22,789	1,435,136	1,132,372
2025-06-23	$27.64	$28.00	18.4%	6.7%	14.0%	11.7%	23.6%	-8.0%	24.0%	32.8M	-718.2M	-11.6M	0.55	42.00	N/A	N/A	41,558	22,712	1,183,626	722,100
2025-06-24	$28.02	$28.00	23.8%	6.4%	14.8%	28.3%	24.3%	3.6%	-0.4%	39.7M	-872.8M	-11.6M	0.86	51.95	N/A	N/A	45,875	39,302	1,183,279	718,830
2025-06-25	$27.59	$28.00	33.7%	6.4%	15.2%	58.8%	22.5%	2.3%	-0.2%	36.0M	-758.1M	-11.6M	0.41	51.23	N/A	N/A	58,490	24,136	1,238,449	754,423
2025-06-26	$28.06	$28.00	22.7%	6.3%	16.1%	24.9%	21.8%	2.8%	0.4%	47.4M	-999.8M	-12.1M	0.27	53.34	N/A	N/A	126,220	33,952	1,291,933	771,743
2025-06-27	$28.09	$28.00	28.0%	6.3%	16.1%	41.3%	21.9%	-0.1%	2.3%	52.6M	-1.03B	-12.5M	0.57	58.76	N/A	N/A	45,725	26,162	1,371,631	798,876
2025-06-30	$28.86	$28.00	36.0%	6.5%	16.7%	65.9%	23.3%	22.3%	-15.8%	64.6M	-1.42B	-13.0M	0.08	53.67	N/A	N/A	287,746	22,053	1,395,786	814,483