Bear Put Spreads Below the 200-Day
Bear Put Spread88 trades pass on EWZ
- Return on risk
- 26.6% to 387.8%
- Probability of profit
- 38.5% to 72.3%
ETFETF
As of the close on . In the app, data is refreshed intraday.
EWZ closed at $36.21 on Sep 28, 2026 with 30-day implied volatility of 55.1%. That is near the top of its one-year range (IV rank 100), so option premiums on EWZ are expensive compared with its own recent history. Measured by IV percentile, IV is above every reading of the past year. Options expiring Oct 30 (32 days out) price a one standard deviation move of about $6.19, or 17.1%.
The price is above its 50-day moving average (+0.1%) but still below its 200-day (-0.1%). It is 13.2% below its 52-week high and 25.8% above its 52-week low. The 14-day RSI of 43.5 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $0.77, about 2.1% of the price, a measure of a typical day's range.
Option volume at the close (249K contracts) was 0.6x its average, quieter than usual. A beta of 0.97 means EWZ has tended to move about 1.0 times as much as the broad market. 3 of our preset screens found trades on EWZ at the close, led by Bear Put Spreads Below the 200-Day with 88 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Sep 30, 20262 days | 35.4% | ±$0.95 (2.6%) | $35.26 to $37.16 | $0.78 |
| Oct 30, 202632 days | 57.7% | ±$6.19 (17.1%) | $30.02 to $42.40 | $4.91 |
| Nov 20, 202653 days | 48.8% | ±$6.74 (18.6%) | $29.47 to $42.95 | $5.35 |
| Dec 31, 202694 days | 42.3% | ±$7.78 (21.5%) | $28.43 to $43.99 | $6.16 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for EWZ from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
88 trades pass on EWZ
32 trades pass on EWZ
4 trades pass on EWZ
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.