EWZ Options History — July 2025

In July 2025, EWZ traded between $26.49 and $29.23. ATM implied volatility averaged 25.5%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 5.2% (HV 20d: 20.3%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2025-07-23: Highest Volume — 311,226 contracts
  • 2025-07-09: Largest IV spike — 76.7% change
  • 2025-07-09: Highest IV Rank — 84.4%
  • 2025-07-29: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.58$26.49$29.23$28.80$26.59
Max Pain$28.41$27.00$29.00$28.00$27.50
ATM IV25.5%16.9%42.0%18.4%24.9%
Expected Move7.1%6.3%8.2%6.3%7.0%
HV 20d20.3%16.4%22.9%16.8%20.3%
HV 60d21.5%19.7%29.8%29.8%20.2%
IV Rank33.7%7.0%84.4%11.8%31.6%
IV Percentile39.1%0.8%97.6%2.0%36.9%
Term Structure-0.3%-23.5%17.2%-3.7%0.1%
VWIV25.4%22.4%29.1%22.4%24.9%
Skew 25d1.4%-25.0%22.2%1.7%2.3%
Skew 10d-2.4%-29.5%11.8%3.7%3.7%
Call IV 25d24.9%13.8%50.6%22.2%24.0%
Put IV 25d26.3%20.7%48.6%23.9%26.3%
Bid-Ask Spread %53.1129.2882.3265.5354.11
Gamma HHI0.130.090.170.160.09
Net GEX38.6M-841.9K89.5M80.9M-841.9K
Net DEX-590.9M-1.76B185.5M-1.50B182.7M
Net VEX-14.5M-15.1M-13.3M-13.3M-15.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.083.410.520.35
Total Volume133,638.04524,978311,22656,143134,510
Total OI2,891,918.52,377,0523,331,2002,377,0523,331,200

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$28.80$28.0018.4%6.3%16.8%11.8%22.4%1.7%-3.7%80.9M-1.50B-13.3M0.5265.53N/AN/A36,84219,3011,564,110812,942
2025-07-02$28.87$28.0023.0%6.3%16.4%26.0%25.6%4.3%16.2%84.4M-1.53B-13.4M0.4262.53N/AN/A82,99934,5861,578,980816,565
2025-07-03$29.23$27.0035.3%6.7%16.6%63.8%23.1%-0.9%13.7%89.5M-1.76B-13.8M0.2863.70N/AN/A63,64417,9531,606,488850,136
2025-07-07$28.59$29.0018.5%6.9%18.8%12.0%24.5%-25.0%11.1%77.7M-1.34B-13.6M1.2259.44N/AN/A82,969100,8451,623,241857,761
2025-07-08$28.70$29.0023.8%6.8%18.7%28.3%25.0%1.3%-0.2%80.2M-1.39B-14.4M0.9759.86N/AN/A43,02041,6221,691,556942,391
2025-07-09$28.19$29.0042.0%7.1%19.9%84.4%25.0%-11.3%-22.3%60.8M-1.06B-14.2M0.6362.91N/AN/A81,52451,0811,703,473969,580
2025-07-10$27.77$29.0021.5%7.2%20.6%21.2%25.9%5.8%5.6%47.5M-835.0M-14.6M0.4544.86N/AN/A128,95657,4131,760,5131,013,399
2025-07-11$27.57$29.0028.8%7.1%20.0%43.9%25.2%7.1%-21.6%47.3M-779.1M-15.1M0.6954.79N/AN/A58,05440,2081,870,7561,023,246
2025-07-14$27.24$29.0025.0%7.2%20.3%32.0%25.2%1.1%7.6%32.7M-570.7M-14.7M3.4157.88N/AN/A33,293113,5431,837,9861,044,895
2025-07-15$27.45$29.0024.5%7.0%20.6%30.4%25.0%1.4%17.2%36.9M-596.7M-14.7M1.2745.72N/AN/A82,426104,5111,859,3461,101,324
2025-07-16$27.54$29.0023.5%6.7%20.5%27.4%23.8%1.5%2.6%36.5M-525.6M-15.0M0.8136.17N/AN/A19,17015,5761,901,7291,159,999
2025-07-17$27.66$29.0022.8%6.7%20.4%25.1%23.9%1.7%-9.6%46.7M-604.0M-15.1M0.4939.77N/AN/A16,7548,2241,915,1521,167,302
2025-07-18$26.88$29.0025.3%7.3%22.6%33.1%25.8%3.0%-0.1%2.1M-130.3M-14.4M0.4750.57N/AN/A103,87048,7411,920,6591,171,809
2025-07-21$27.05$29.0021.1%7.6%22.4%19.9%28.1%3.1%-9.3%16.7M-227.6M-14.5M1.3165.41N/AN/A61,28280,4361,737,8181,104,376
2025-07-22$26.99$29.0016.9%7.4%22.4%7.0%25.7%6.9%10.7%5.1M-80.3M-14.4M0.2645.52N/AN/A43,99911,5531,760,1331,188,153
2025-07-23$27.49$28.0020.7%7.1%22.9%18.9%24.3%3.4%-2.4%19.1M-364.5M-14.9M0.1649.38N/AN/A269,23441,9921,764,0311,195,169
2025-07-24$27.14$28.0024.8%7.2%22.7%31.5%24.9%1.7%0.2%21.4M-177.8M-14.9M1.8129.28N/AN/A41,88575,7961,870,9681,230,643
2025-07-25$26.89$28.0032.1%7.5%21.8%53.9%26.4%-8.9%-23.5%6.0M12.2M-14.9M0.0846.13N/AN/A238,82719,1101,893,1271,279,421
2025-07-28$26.49$27.5035.6%8.1%22.3%64.9%29.1%22.2%4.0%18.7M185.5M-14.3M0.2743.18N/AN/A59,08816,1841,875,5481,255,709
2025-07-29$26.71$27.5028.5%8.2%19.8%43.0%28.1%9.9%-2.9%23.7M36.0M-14.6M0.4049.42N/AN/A120,24247,9431,885,0021,266,039
2025-07-30$26.91$27.5025.1%7.3%20.2%32.2%27.6%-1.6%0.5%15.2M48.7M-14.4M0.4082.32N/AN/A136,54854,2831,877,3821,342,150
2025-07-31$26.59$27.5024.9%7.0%20.3%31.6%24.9%2.3%0.1%-841.9K182.7M-15.0M0.3554.11N/AN/A99,92534,5851,958,8411,372,359