EEM Options History — February 2007

In February 2007, EEM traded between $35.97 and $39.54. ATM implied volatility averaged 23.9%. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 1.9% (HV 20d: 22.0%). Max pain ranged from $36.67 to $38.33. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 7.92.

Notable Days

  • 2007-02-22: Highest Volume — 344,043 contracts
  • 2007-02-27: Largest IV spike — 38.8% change
  • 2007-02-27: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.58$35.97$39.54$38.57$36.58
Max Pain$37.11$36.67$38.33$38.33$38.33
ATM IV23.9%20.2%35.3%22.2%33.5%
Expected Move6.9%5.0%10.1%6.4%9.6%
HV 20d22.0%15.0%34.1%25.4%34.1%
Term Structure1.4%-6.1%8.5%2.8%-6.1%
VWIV26.3%15.7%37.4%23.5%33.7%
Skew 25d6.7%4.6%12.4%5.6%8.6%
Skew 10d14.3%11.7%22.9%14.9%17.1%
Call IV 25d21.3%11.0%32.0%19.9%29.2%
Put IV 25d28.0%15.5%44.4%25.5%37.8%
Bid-Ask Spread %23.768.9395.3711.1143.69
Gamma HHI0.290.220.360.240.27
Net GEX-54.4M-102.2M-24.5M-24.5M-102.2M
Net DEX238.5M-78.8M1.45B-9.4M1.23B
Net VEX-6.6M-7.9M-5.7M-5.7M-7.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.920.8426.629.033.63
Total Volume92,209.73718,114344,04398,322143,208
Total OI1,345,903.4211,044,7801,573,2601,044,7801,573,260

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$38.57$38.3322.2%6.4%25.4%0.0%23.5%5.6%2.8%-24.5M-9.4M-5.7M9.0311.119,79888,524277,908766,872
2007-02-02$38.45$36.6721.6%7.0%24.9%0.0%30.9%6.8%1.7%-27.6M40.9M-6.1M13.4126.588,301111,333284,304810,300
2007-02-05$38.49$36.6722.2%5.0%22.2%0.0%15.7%4.6%8.5%-33.8M481.0K-5.9M6.0895.377,06542,954287,226896,253
2007-02-06$38.87$36.6721.3%6.9%22.3%0.0%26.0%5.5%2.2%-31.0M-17.7M-6.0M13.1828.479,381123,642289,734901,977
2007-02-07$38.72$36.6720.2%7.0%20.4%0.0%26.1%6.8%1.5%-42.8M78.5M-6.3M3.1615.5318,30957,855289,113971,475
2007-02-08$38.51$36.6724.0%6.9%20.5%0.0%26.7%6.4%2.2%-50.2M174.4M-6.6M5.5214.222,77815,336298,1941,004,145
2007-02-09$38.05$36.6724.4%7.0%20.9%0.0%25.8%6.6%1.7%-61.4M351.8M-6.8M25.8919.9884921,978299,4421,016,847
2007-02-12$37.79$36.6724.8%7.1%20.0%0.0%26.4%6.9%1.5%-70.0M467.4M-6.7M3.4217.999,19831,425300,0991,029,621
2007-02-13$38.39$36.6724.3%7.0%20.7%0.0%25.5%6.5%1.4%-61.0M252.1M-6.6M1.2213.2918,02422,020306,7351,045,896
2007-02-14$39.22$36.6721.4%6.2%21.7%0.0%26.5%6.2%3.4%-36.7M-48.4M-6.3M10.5114.0416,035168,570314,1871,054,596
2007-02-15$39.24$36.6721.2%6.1%21.2%0.0%23.4%6.0%3.1%-47.4M16.2M-6.6M2.7312.865,99416,386322,2511,137,648
2007-02-16$39.33$36.6721.1%6.1%20.5%0.0%22.4%6.0%3.5%-45.7M-78.8M-6.3M0.8411.6243,77936,879325,1851,107,522
2007-02-20$39.43$36.6722.3%6.4%20.4%0.0%25.1%6.3%0.6%-47.3M-14.7M-6.2M7.389.7611,18182,557299,9071,013,466
2007-02-21$39.54$36.6721.6%6.2%19.0%0.0%27.6%6.9%1.5%-49.7M13.3M-6.5M12.828.932,37930,498305,7481,073,877
2007-02-22$39.50$36.6721.9%6.3%18.9%0.0%26.7%6.6%1.3%-50.9M10.7M-6.5M26.6224.2412,456331,587307,2871,086,195
2007-02-23$39.17$38.3325.3%7.2%15.0%0.0%25.2%6.8%0.5%-84.0M329.8M-7.5M2.1718.0919,92043,152317,2261,229,064
2007-02-26$39.15$38.3325.4%7.3%15.0%0.0%25.6%6.4%0.3%-78.8M284.4M-7.3M0.8814.1915,71713,785331,5931,179,003
2007-02-27$35.97$38.3335.3%10.1%34.0%0.0%37.4%12.4%-4.4%-88.6M1.45B-7.8M1.9051.4254,879104,253336,6271,181,382
2007-02-28$36.58$38.3333.5%9.6%34.1%0.0%33.7%8.6%-6.1%-102.2M1.23B-7.9M3.6343.6930,927112,281348,6391,224,621