Options
EFA options
Figures as of 28 Sep 2026
The options figures are from the close on 28 Sep 2026.
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At a glance
| Figure | Value | Date |
|---|---|---|
| IV rank | 66 of 100 | 28 Sep |
| At the money IV | 18.8% | 28 Sep |
| Priced move to 30 Oct | 6.0% down, 5.5% up | 28 Sep |
| Call wall and put wall | 105 and 103 | 28 Sep |
Options Snapshot
EFA's IV rank is 66 of 100 on 28 Sep 2026.
| Figure | Value |
|---|---|
| IV rank | 66 of 100 |
| At the money IV | 18.8%, near month, 32 days |
| Put/call ratio, open interest | 1.99 |
| Call open interest, strikes captured near the price | 233,000 contracts |
| Put open interest, strikes captured near the price | 463,000 contracts |
| Cost to trade at the money | Wide, 68.1% of the option's mid price |
IV rank is where the at the money IV sits among EFA's own weekly readings, 0 the lowest and 100 the highest.
From the option chain at the close on 28 Sep 2026. Current on every plan.
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Priced Range
On 28 Sep 2026, EFA options priced a move of 6.0 percent down and 5.5 percent up by 30 Oct 2026.
| Expiry | Days | Down | Up | Range |
|---|---|---|---|---|
| 30 Sep 2026 | 2 | 1.8% | 1.8% | 103.10 to 106.98 |
| 2 Oct 2026 | 4 | 3.1% | 2.3% | 101.80 to 107.42 |
| 16 Oct 2026 | 18 | 4.9% | 5.5% | 99.89 to 110.80 |
| 30 Oct 2026 | 32 | 6.0% | 5.5% | 98.78 to 110.82 |
| 6 Nov 2026 | 39 | 10.9% | 6.1% | 93.54 to 111.49 |
| 30 Nov 2026 | 63 | 7.9% | 10.9% | 96.70 to 116.54 |
| 31 Dec 2026 | 94 | 15.4% | 12.9% | 88.84 to 118.64 |
The range is one standard deviation either side of the close of 105.04, as the option prices imply it.
A priced move restates option prices at the close and says nothing certain about where the price goes.
From the option chain at the close on 28 Sep 2026. Current on every plan.
Gamma Map
On 28 Sep 2026, EFA's call wall is the 105 strike and its put wall is the 103 strike.
| Figure | Value |
|---|---|
| Call wall, most open call gamma | 105 |
| Put wall, most open put gamma | 103 |
| Net dollar gamma, calls minus puts | minus $134.17 million |
| Total dollar gamma, both sides | $357 million |
| Close | 105.04 |
Dollar gamma is stated for a one percent move in the price.
Net is calls minus puts under the standard convention, not a record of who holds the contracts.
Net gamma changes sign at 4 strikes, so no single flip strike is named.
From the option chain at the close on 28 Sep 2026. Current on every plan.
Volatility Weather
On 28 Sep 2026, EFA's at the money IV runs from 24.9 percent at 2 days to 32.6 percent at 94 days.
| Days to expiry | At the money IV |
|---|---|
| 2 | 24.9% |
| 4 | 21.6% |
| 11 | 18.9% |
| 25 | 18.3% |
| 32 | 18.8% |
| 53 | 17.4% |
| 63 | 26.4% |
| 94 | 32.6% |
Far expiries price more volatility than near ones, an upward sloping term structure.
From the option chain at the close on 28 Sep 2026. Current on every plan.
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Volatility Smile
On 28 Sep 2026, at the 32 day expiry, EFA's IV ten percent below the price sits 9.6 points above at the money IV.
| Strike area | Implied volatility | Against at the money |
|---|---|---|
| 10% below the price | 28.4% | +9.6 points |
| At the money | 18.8% | 0.0 points |
| 10% above the price | 31.7% | +12.9 points |
From the option chain at the close on 28 Sep 2026. Current on every plan.
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Volatility Surface
On 28 Sep 2026, EFA's surface spans 11 expiries out to 94 days, with IV from 3.1 to 51.4 percent near the price.
| Figure | Value |
|---|---|
| Expiries captured | 11 |
| Nearest expiry | 30 Sep 2026, 2 days |
| Farthest expiry | 31 Dec 2026, 94 days |
| Points within 10% of the price, 7 days out or more | 183 |
| Lowest IV among them | 3.1% |
| Highest IV among them | 51.4% |
From the option chain at the close on 28 Sep 2026. Current on every plan.
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Expiry Ladder
On 28 Sep 2026, EFA has 11 captured expiries, from 30 Sep 2026 to 31 Dec 2026.
| Expiry | Days | At the money IV | Call open interest | Put open interest |
|---|---|---|---|---|
| 30 Sep 2026 | 2 | 24.9% | 17,456 | 39,278 |
| 2 Oct 2026 | 4 | 21.6% | 10,150 | 6,018 |
| 9 Oct 2026 | 11 | 18.9% | 3,536 | 562 |
| 16 Oct 2026 | 18 | 18.6% | 94,095 | 168,126 |
| 23 Oct 2026 | 25 | 18.3% | 5,168 | 1,689 |
| 30 Oct 2026 | 32 | 18.8% | 22,312 | 55,611 |
| 6 Nov 2026 | 39 | 18.1% | 1,163 | 6 |
| 20 Nov 2026 | 53 | 17.4% | 18,568 | 49,730 |
| 30 Nov 2026 | 63 | 26.4% | 9,499 | 23,748 |
| 31 Dec 2026 | 94 | 32.6% | 720 | 1,433 |
Open interest is summed over the strikes captured near the price on each expiry.
From the option chain at the close on 28 Sep 2026. Current on every plan.
Strike Table
On 28 Sep 2026, EFA's largest open interest sits at the 103 strike, with 78,970 contracts across the captured expiries.
| Strike | Call open interest | Put open interest | Total |
|---|---|---|---|
| 103 | 663 | 78,307 | 78,970 |
| 105 | 18,439 | 40,311 | 58,750 |
| 100 | 7,093 | 40,299 | 47,392 |
| 98 | 150 | 41,574 | 41,724 |
| 112 | 37,159 | 57 | 37,216 |
| 102 | 384 | 34,362 | 34,746 |
From the option chain at the close on 28 Sep 2026. Current on every plan.
Since Yesterday
From 25 Sep 2026 to 28 Sep 2026, EFA's at the money IV moved from 23.1 percent to 18.8 percent.
| Figure | 25 Sep | 28 Sep | Change |
|---|---|---|---|
| At the money IV | 23.1% | 18.8% | -4.3 points |
| Open interest, strikes captured near the price | 702,561 | 695,538 | -7,023 |
| Put/call ratio, open interest | 2.15 | 1.99 | -0.16 |
Open interest changes cannot identify buyers or sellers.
From the option chain at the close on 28 Sep 2026. Current on every plan.
Changed Hands
On 28 Sep 2026, 132,431 EFA option contracts traded, 0.8 times its own recent average.
| Figure | Value |
|---|---|
| Calls traded | 24,656 |
| Puts traded | 107,775 |
| Against its recent average | 0.8 times |
| Busier than | 10 of its last 20 trading days |
| Open interest, whole chain | 1.15 million contracts |
| Volume to open interest | 0.11 |
| Unusual volume flag | No |
Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.
From the option chain at the close on 28 Sep 2026. Current on every plan.
Positioning Replay
The replay holds 33 trading days of EFA's option positioning, from 11 Aug 2026 to 28 Sep 2026.
| Date | Close | Net dollar gamma | Top call strike | Top put strike |
|---|---|---|---|---|
| 11 Aug 2026 | 108.09 | $58.48 million | 109 | 99 |
| 21 Sep 2026 | 106.13 | minus $101.98 million | 112 | 104 |
| 28 Sep 2026 | 105.04 | minus $134.17 million | 105 | 103 |
Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.
From the option chain at the close on 28 Sep 2026. Current on every plan.
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Questions
- What is EFA's IV rank?
- EFA's IV rank is 66 of 100 on 28 Sep 2026.
- What move are EFA options pricing?
- On 28 Sep 2026, EFA options priced a move of 6.0 percent down and 5.5 percent up by 30 Oct 2026.
- Where are EFA's call wall and put wall?
- On 28 Sep 2026, EFA's call wall is the 105 strike and its put wall is the 103 strike.
Guides and the full list
- Every covered stock, fund and index, A to Z
- Reading the options suite
- Options for beginners
- How Trade Cards work
- Words the desk uses
Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.