EEM Options History — October 2009

In October 2009, EEM traded between $37.57 and $41.55. ATM implied volatility averaged 29.8%, placing in the 4.5% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 6.1% (HV 20d: 23.7%). Max pain ranged from $38.00 to $41.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 1.69.

Notable Days

  • 2009-10-30: Highest Volume — 315,646 contracts
  • 2009-10-30: Largest IV spike — 16.7% change
  • 2009-10-30: Highest IV Rank — 15.4%
  • 2009-10-30: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.84$37.57$41.55$37.85$37.57
Max Pain$39.73$38.00$41.00$38.00$41.00
ATM IV29.8%24.8%38.4%31.9%38.4%
Expected Move8.9%7.9%11.0%9.2%11.0%
HV 20d23.7%21.4%36.0%22.4%36.0%
HV 60d25.1%23.1%28.2%26.6%28.2%
IV Rank4.5%0.0%15.4%3.5%15.4%
IV Percentile8.7%0.0%37.7%12.3%37.7%
Term Structure1.6%-0.1%3.2%1.9%0.4%
VWIV32.2%27.8%38.0%32.7%38.0%
Skew 25d6.7%5.7%8.2%6.5%8.2%
Skew 10d13.8%11.6%16.7%13.3%16.7%
Call IV 25d28.1%24.4%35.1%29.5%35.1%
Put IV 25d34.8%31.1%43.3%36.1%43.3%
Bid-Ask Spread %8.514.9652.895.728.40
Gamma HHI0.090.080.100.090.09
Net GEX-11.5M-66.8M40.5M-51.1M-66.8M
Net DEX-2.64B-4.24B-181.8M-1.57B-181.8M
Net VEX-23.8M-26.8M-21.9M-23.6M-26.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.690.643.532.771.63
Total Volume186,018.68285,282315,646180,060315,646
Total OI4,989,662.0914,578,9535,488,1544,578,9535,488,154

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-10-01$37.85$38.0031.9%9.2%22.4%3.5%32.7%6.5%1.9%-51.1M-1.57B-23.6M2.775.7247,753132,3071,791,4992,787,454
2009-10-02$37.86$38.0031.4%9.0%21.7%3.0%32.8%6.3%2.0%-51.0M-1.55B-23.9M3.536.1030,322106,9141,818,1412,818,980
2009-10-05$38.74$39.0029.1%9.1%22.1%1.0%32.9%7.8%0.9%-30.7M-2.18B-23.4M1.715.2833,38556,9841,827,3022,866,251
2009-10-06$39.38$39.0030.7%9.3%21.7%2.4%32.6%7.6%0.4%-14.0M-2.66B-23.1M1.096.2771,51377,8301,847,9222,882,908
2009-10-07$39.34$39.0028.8%8.9%21.7%0.8%32.1%7.7%0.9%-10.9M-2.68B-23.0M1.467.4365,91396,0501,881,8582,890,741
2009-10-08$39.82$39.0026.5%8.7%21.7%0.0%33.6%7.2%1.0%-3.1M-2.94B-23.3M1.685.4942,27571,1431,913,1722,954,105
2009-10-09$39.85$39.0024.8%8.5%21.7%0.0%31.9%6.9%1.7%1.0M-3.04B-22.9M1.096.4558,54063,6691,925,8262,974,419
2009-10-12$40.18$39.0027.9%8.6%21.6%2.6%32.9%6.6%1.6%15.1M-3.29B-22.6M1.855.7229,96555,3171,955,1313,010,735
2009-10-13$40.25$39.0026.7%8.7%21.4%1.6%32.8%6.6%1.5%19.0M-3.34B-22.4M2.655.7747,806126,4801,955,0933,023,062
2009-10-14$41.55$39.0026.4%8.3%22.4%1.3%30.6%6.3%1.5%40.5M-4.24B-21.9M0.668.06114,53076,1511,970,0583,104,298
2009-10-15$41.32$39.0029.4%8.4%22.5%3.8%31.7%6.0%1.8%38.9M-4.15B-22.2M2.487.0646,454114,9842,026,6333,141,964
2009-10-16$40.75$40.0029.3%8.4%23.2%5.1%30.3%6.2%2.1%17.1M-3.61B-23.0M1.796.1286,905155,8892,050,1043,209,441
2009-10-19$41.53$40.0027.8%8.0%23.6%3.5%29.2%5.9%2.4%3.1M-3.55B-22.6M1.456.52110,002159,4921,866,2522,750,213
2009-10-20$40.98$40.0029.1%8.3%23.9%4.9%31.5%6.4%2.5%-2.8M-3.14B-23.4M0.745.20127,41594,8021,902,7352,803,910
2009-10-21$40.76$40.0027.7%7.9%23.2%3.3%27.8%7.4%3.2%-1.8M-2.98B-23.8M1.1752.89128,586150,8981,975,3892,849,029
2009-10-22$41.10$41.0028.1%8.1%21.7%3.8%29.2%5.7%2.5%291.3K-3.28B-24.1M1.264.9668,68386,2882,052,1212,949,138
2009-10-23$40.76$41.0028.9%8.3%22.1%4.7%30.1%6.0%2.2%-8.0M-2.98B-24.8M0.647.0890,73457,8222,076,8752,996,947
2009-10-26$40.25$41.0032.5%9.3%22.5%8.8%32.5%6.5%1.3%-13.5M-2.64B-25.0M1.029.17109,195111,5582,131,8663,019,041
2009-10-27$39.55$41.0031.9%9.1%23.6%8.1%33.5%6.3%1.1%-28.5M-2.06B-25.8M1.835.8853,91298,6192,209,8383,174,915
2009-10-28$37.74$41.0036.0%10.3%29.0%12.7%36.7%7.1%-0.1%-63.2M-413.5M-26.1M2.955.7974,508219,7862,243,2103,225,079
2009-10-29$39.41$41.0032.9%9.4%31.3%9.2%33.9%6.5%1.5%-43.1M-1.66B-26.2M1.705.8883,546141,8402,212,6713,218,086
2009-10-30$37.57$41.0038.4%11.0%36.0%15.4%38.0%8.2%0.4%-66.8M-181.8M-26.8M1.638.40119,857195,7892,249,3993,238,755