EWZ Options History — April 2026

In April 2026, EWZ traded between $38.28 and $38.53. ATM implied volatility averaged 35.7%, placing in the 54.9% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded below realized volatility by 3.9% (HV 20d: 39.6%). Max pain ranged from $36.00 to $38.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 2 of 2 days. Put/call ratio averaged 0.22.

Notable Days

  • 2026-04-02: Highest Volume — 101,170 contracts
  • 2026-04-02: Largest IV spike — 0.9% change
  • 2026-04-02: Highest IV Rank — 55.3%
  • 2026-04-02: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.41$38.28$38.53$38.53$38.28
Max Pain$37.00$36.00$38.00$36.00$38.00
ATM IV35.7%35.5%35.8%35.5%35.8%
Expected Move10.2%10.2%10.3%10.2%10.3%
HV 20d39.6%38.5%40.7%40.7%38.5%
HV 60d33.0%33.0%33.0%33.0%33.0%
IV Rank54.9%54.5%55.3%54.5%55.3%
IV Percentile87.5%87.3%87.7%87.3%87.7%
Term Structure0.3%0.2%0.3%0.3%0.2%
VWIV37.1%35.8%38.3%35.8%38.3%
Skew 25d4.3%3.3%5.2%3.3%5.2%
Skew 10d0.7%-6.1%7.6%7.6%-6.1%
Call IV 25d34.5%34.1%34.9%34.9%34.1%
Put IV 25d38.8%38.2%39.3%38.2%39.3%
Bid-Ask Spread %9.816.8612.766.8612.76
Gamma HHI0.080.080.080.080.08
Net GEX158.3M157.8M158.9M158.9M157.8M
Net DEX-4.44B-4.55B-4.33B-4.55B-4.33B
Net VEX-28.8M-29.2M-28.4M-29.2M-28.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.190.240.190.24
Total Volume83,461.565,753101,17065,753101,170
Total OI4,612,9394,611,0974,614,7814,611,0974,614,781

Daily Data (2 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-04-01$38.53$36.0035.5%10.2%40.7%54.5%35.8%3.3%0.3%158.9M-4.55B-29.2M0.196.86N/AN/A55,17710,5763,137,2111,473,886
2026-04-02$38.28$38.0035.8%10.3%38.5%55.3%38.3%5.2%0.2%157.8M-4.33B-28.4M0.2412.76N/AN/A81,28519,8853,133,6341,481,147