EEM Options History — July 2009

In July 2009, EEM traded between $30.74 and $35.78. ATM implied volatility averaged 34.6%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 3.7% (HV 20d: 30.9%). Max pain ranged from $31.00 to $33.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 2.33.

Notable Days

  • 2009-07-29: Highest Volume — 272,727 contracts
  • 2009-07-02: Largest IV spike — 11.7% change
  • 2009-07-07: Highest IV Rank — 12.8%
  • 2009-07-07: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.44$30.74$35.78$32.82$35.78
Max Pain$32.41$31.00$33.00$33.00$33.00
ATM IV34.6%30.7%41.0%32.3%34.1%
Expected Move10.1%8.8%12.0%9.3%9.8%
HV 20d30.9%27.4%34.5%29.1%30.0%
HV 60d36.7%33.5%38.0%37.9%33.6%
IV Rank7.4%4.3%12.8%5.6%5.7%
IV Percentile15.2%5.2%31.0%11.9%13.5%
Term Structure1.8%0.4%3.9%3.9%1.9%
VWIV37.6%32.2%45.1%32.6%37.8%
Skew 25d7.3%4.9%9.1%6.5%6.3%
Skew 10d15.4%9.6%19.6%12.3%14.8%
Call IV 25d32.4%28.7%37.8%30.2%32.5%
Put IV 25d39.7%34.3%46.9%36.8%38.9%
Bid-Ask Spread %9.076.8112.096.8111.18
Gamma HHI0.100.080.160.100.09
Net GEX-38.2M-96.2M-1.0M-40.3M-6.0M
Net DEX-981.5M-2.34B884.2M-703.6M-2.26B
Net VEX-21.0M-22.1M-19.4M-21.6M-21.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.330.526.890.521.36
Total Volume152,063.72779,865272,727105,19180,785
Total OI4,387,337.1823,903,0014,911,4534,184,5834,446,292

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-07-01$32.82$33.0032.3%9.3%29.1%5.6%32.6%6.5%3.9%-40.3M-703.6M-21.6M0.526.8169,37135,8201,543,1472,641,436
2009-07-02$31.92$33.0036.1%10.3%29.8%8.7%36.5%6.1%2.4%-47.0M-186.9M-21.7M2.757.4528,87879,3241,585,8172,641,446
2009-07-06$31.85$33.0037.3%11.2%29.8%9.7%42.4%8.5%0.9%-54.7M-80.6M-21.5M3.089.2023,81873,2781,591,1822,690,798
2009-07-07$31.10$33.0041.0%12.0%30.4%12.8%44.8%9.1%0.4%-64.7M427.0M-21.5M6.898.5331,388216,3511,603,5582,729,328
2009-07-08$30.74$32.0038.7%11.7%30.5%10.9%45.1%9.0%0.7%-80.6M884.2M-22.1M2.869.6934,999100,1841,622,3252,890,641
2009-07-09$31.29$32.0036.2%11.3%30.9%8.8%40.5%8.9%1.1%-77.4M548.1M-22.1M1.2511.1458,97173,4871,631,4762,928,754
2009-07-10$30.92$32.0034.4%11.1%29.6%7.3%40.7%8.6%1.1%-94.8M818.9M-22.0M1.268.7835,37344,4921,658,2533,001,415
2009-07-13$31.14$32.0038.0%11.1%29.6%10.3%40.7%8.9%1.1%-96.1M640.7M-21.6M1.688.2842,12370,6351,669,0163,013,574
2009-07-14$31.48$32.0037.6%11.0%27.4%10.0%39.8%8.7%0.8%-96.2M409.1M-21.5M4.418.7644,026194,3301,675,2083,034,266
2009-07-15$33.17$32.0036.5%10.2%32.9%9.1%39.2%8.4%1.8%-48.0M-1.01B-21.2M1.3211.8698,569130,1491,693,3323,112,369
2009-07-16$33.23$31.0035.8%10.3%32.5%8.5%40.2%8.2%0.8%-38.1M-1.26B-21.4M1.669.5844,40673,7731,742,9063,168,547
2009-07-17$33.57$31.0032.1%9.2%32.6%5.5%34.2%8.3%2.2%-20.0M-1.69B-20.3M1.769.1260,673106,8451,737,9193,080,773
2009-07-20$34.77$32.0031.1%8.9%34.5%4.6%32.2%7.4%2.4%-14.0M-1.76B-19.4M1.357.0363,15685,2841,411,7362,491,265
2009-07-21$34.66$32.0031.2%8.9%31.0%4.7%34.1%7.5%3.3%-12.2M-1.75B-19.9M2.108.3452,414109,9151,453,9012,499,398
2009-07-22$34.59$32.0031.0%8.9%31.1%4.5%33.5%4.9%3.0%-13.3M-1.74B-20.1M1.158.5094,671108,4841,486,1172,550,218
2009-07-23$35.57$33.0030.7%8.8%31.5%4.3%35.6%5.1%2.4%-2.0M-2.29B-19.6M2.3312.0960,968141,8861,527,8882,568,615
2009-07-24$35.40$33.0032.7%9.4%30.6%6.0%33.2%5.6%1.5%-2.9M-2.19B-20.1M2.199.3742,14592,1761,555,6572,604,955
2009-07-27$35.71$33.0032.2%9.2%30.6%5.5%36.0%5.7%2.4%-1.0M-2.34B-19.9M2.629.3226,92470,4051,578,0252,635,736
2009-07-28$35.55$33.0033.2%9.5%30.8%6.3%36.5%6.4%1.9%-5.5M-2.18B-20.5M2.337.0251,425119,9851,589,3422,683,770
2009-07-29$34.75$33.0035.0%10.0%31.9%7.8%36.8%6.5%1.8%-17.8M-1.71B-21.3M5.387.6642,778229,9491,603,2002,746,354
2009-07-30$35.61$33.0034.1%9.8%32.3%5.7%34.7%6.3%1.8%-7.3M-2.18B-20.9M1.089.8848,53652,2531,620,7392,780,724
2009-07-31$35.78$33.0034.1%9.8%30.0%5.7%37.8%6.3%1.9%-6.0M-2.26B-21.2M1.3611.1834,19446,5911,632,9722,813,320