EEM Options History — November 2014

In November 2014, EEM traded between $40.95 and $42.38. ATM implied volatility averaged 16.5%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 1.0% (HV 20d: 15.5%). Max pain ranged from $42.00 to $44.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.03.

Notable Days

  • 2014-11-21: Highest Volume — 618,648 contracts
  • 2014-11-07: Largest IV drop — 11.0% change
  • 2014-11-06: Highest IV Rank — 41.0%
  • 2014-11-05: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.49$40.95$42.38$41.76$41.50
Max Pain$42.84$42.00$44.00$44.00$42.00
ATM IV16.5%15.1%18.2%17.8%16.2%
Expected Move4.8%4.5%5.2%4.9%4.8%
HV 20d15.5%13.3%17.6%17.6%17.0%
HV 60d15.9%15.4%17.3%15.8%17.3%
IV Rank29.7%20.2%41.0%38.1%27.7%
IV Percentile36.4%23.0%50.4%46.4%36.1%
Term Structure-0.0%-0.6%0.8%-0.1%-0.6%
VWIV18.1%15.8%21.4%18.2%17.0%
Skew 25d3.0%2.5%3.4%3.1%3.0%
Skew 10d5.8%4.8%7.0%7.0%6.2%
Call IV 25d15.2%13.4%17.0%16.7%14.7%
Put IV 25d18.2%16.6%20.2%19.8%17.7%
Bid-Ask Spread %7.774.7517.717.0917.71
Gamma HHI0.100.070.150.070.13
Net GEX-138.0M-301.3M241.0M-91.5M82.6M
Net DEX2.59B-47.5M4.14B1.86B2.15B
Net VEX-29.0M-32.6M-26.9M-32.3M-27.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.632.241.432.24
Total Volume367,951.68494,924618,648452,50494,924
Total OI7,623,792.3686,672,5208,096,3357,474,9337,029,089

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-11-03$41.76$44.0017.8%4.9%17.6%38.1%18.2%3.1%-0.1%-91.5M1.86B-32.3M1.437.09185,897266,6073,093,9414,380,992
2014-11-04$41.84$43.0017.7%5.0%17.5%37.6%18.4%3.3%0.2%-85.3M1.68B-32.6M1.296.65206,384267,2543,175,2244,454,177
2014-11-05$41.48$43.0017.8%5.2%16.9%38.4%17.5%3.4%-0.1%-148.0M2.57B-31.8M0.976.07244,877238,2653,179,6924,494,314
2014-11-06$40.96$43.0018.2%5.1%16.5%41.0%20.0%3.2%-0.0%-242.8M3.97B-31.3M0.856.28206,573175,8853,201,8454,529,374
2014-11-07$41.27$43.0016.2%4.9%15.7%27.6%21.4%2.9%0.3%-211.7M3.28B-30.2M0.785.68244,136190,3493,181,2694,542,067
2014-11-10$41.33$43.0016.0%4.8%15.6%26.0%20.1%2.9%0.4%-212.4M3.16B-29.1M0.786.74243,132190,5283,192,7654,506,013
2014-11-11$41.31$43.0015.7%4.8%15.3%24.3%19.1%2.7%0.4%-213.0M3.15B-28.0M0.636.38225,767143,0583,219,4074,487,156
2014-11-12$41.20$43.0016.7%4.9%14.1%30.9%17.7%2.6%0.6%-219.1M3.44B-29.6M0.816.60193,784157,2163,271,5574,590,617
2014-11-13$41.11$43.0016.6%5.0%13.5%30.0%16.8%2.5%0.8%-241.0M3.64B-29.2M0.826.41272,576222,9403,306,2444,627,025
2014-11-14$41.46$43.0016.0%4.9%13.3%26.6%18.9%2.5%0.7%-154.5M2.76B-29.0M1.648.0764,240105,3643,336,4894,612,253
2014-11-17$40.95$43.0016.9%4.8%14.1%32.2%18.1%3.4%-0.4%-299.7M4.14B-27.8M0.866.04150,127129,8643,321,7554,597,590
2014-11-18$41.22$43.0016.9%4.8%14.2%32.4%17.8%3.1%-0.1%-269.3M3.59B-27.3M0.654.75184,806119,6403,310,3204,622,225
2014-11-19$41.20$43.0016.8%4.8%14.0%31.6%17.3%3.0%-0.3%-292.6M3.53B-26.9M1.257.90159,042199,1723,329,4454,636,492
2014-11-20$41.15$43.0016.5%4.8%14.0%30.0%20.2%3.4%-0.4%-301.3M3.66B-27.2M0.766.19280,940214,8383,394,3194,693,217
2014-11-21$42.38$43.0015.5%4.6%17.2%23.0%16.4%2.6%-0.4%241.0M-47.5M-27.5M0.717.50361,348257,3003,400,6184,695,717
2014-11-24$42.09$42.0015.9%4.6%16.9%25.5%16.7%2.9%-0.4%1.8M871.2M-27.7M0.8011.55142,907114,3922,704,6033,967,917
2014-11-25$41.81$42.0015.1%4.6%15.1%20.4%15.8%3.2%-0.5%-14.6M1.35B-27.4M1.515.83152,471230,8842,793,8354,024,121
2014-11-26$42.35$42.0015.1%4.5%15.8%20.2%16.0%3.1%-0.4%50.0M423.5M-28.1M0.7314.1888,70064,8952,847,6284,100,743
2014-11-28$41.50$42.0016.2%4.8%17.0%27.7%17.0%3.0%-0.6%82.6M2.15B-27.2M2.2417.7129,33765,5872,891,3564,137,733