EEM Options History — April 2015

In April 2015, EEM traded between $40.60 and $44.06. ATM implied volatility averaged 17.2%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 0.0% (HV 20d: 17.2%). Max pain ranged from $40.00 to $42.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.70.

Notable Days

  • 2015-04-02: Highest Volume — 814,335 contracts
  • 2015-04-17: Largest IV spike — 12.2% change
  • 2015-04-09: Highest IV Rank — 43.6%
  • 2015-04-09: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.82$40.60$44.06$40.60$42.94
Max Pain$41.26$40.00$42.50$40.00$42.50
ATM IV17.2%16.0%18.6%17.3%17.5%
Expected Move4.9%4.6%5.3%5.1%5.1%
HV 20d17.2%14.2%19.7%18.9%16.1%
HV 60d17.6%16.3%18.2%18.0%16.3%
IV Rank34.4%26.1%43.6%34.8%36.5%
IV Percentile60.1%38.9%78.2%61.1%69.4%
Term Structure0.1%-0.3%0.4%0.0%0.1%
VWIV17.4%16.2%18.9%18.6%18.0%
Skew 25d3.0%2.3%3.6%3.6%3.4%
Skew 10d6.2%4.2%8.1%8.1%6.9%
Call IV 25d16.1%15.1%17.6%15.9%16.1%
Put IV 25d19.1%17.5%20.7%19.5%19.5%
Bid-Ask Spread %2.852.025.043.252.26
Gamma HHI0.100.070.140.080.10
Net GEX228.8M25.0M415.4M25.0M229.4M
Net DEX-2.57B-4.52B727.7M727.7M-1.64B
Net VEX-43.7M-47.0M-41.4M-41.7M-47.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.613.192.792.28
Total Volume556,568.524344,460814,335585,151578,930
Total OI7,177,151.3336,481,1367,780,3846,481,1367,780,384

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-04-01$40.60$40.0017.3%5.1%18.9%34.8%18.6%3.6%0.0%25.0M727.7M-41.7M2.793.25154,510430,6412,373,9664,107,170
2015-04-02$41.28$40.0016.5%4.9%19.7%29.4%16.4%3.1%0.1%71.3M-440.4M-42.0M1.722.78298,849515,4862,404,7194,147,125
2015-04-06$41.83$40.0017.1%4.9%19.0%33.8%17.8%2.9%0.2%133.5M-1.42B-41.4M1.353.13287,719388,2222,517,6764,159,817
2015-04-07$41.62$40.0017.1%4.9%19.0%33.4%16.3%3.1%0.1%132.1M-1.05B-41.6M1.113.16297,221331,2582,622,3204,209,589
2015-04-08$42.43$40.0018.3%5.2%18.4%41.9%18.0%3.0%0.1%168.6M-2.29B-42.4M0.615.04257,127156,2212,689,9264,241,075
2015-04-09$42.80$40.5018.6%5.3%18.4%43.6%18.2%3.1%-0.1%210.3M-3.07B-43.4M1.443.83279,457401,7672,836,4824,322,818
2015-04-10$42.87$40.5017.2%5.0%18.4%34.4%17.3%2.6%0.1%220.9M-3.16B-43.6M2.453.49161,195395,6602,885,5334,406,729
2015-04-13$42.63$40.5018.0%5.2%17.4%40.0%18.9%2.9%0.2%201.0M-2.56B-43.6M1.423.90316,670448,2742,847,3884,357,853
2015-04-14$42.80$41.0017.0%4.9%17.3%33.1%18.3%2.5%0.4%201.8M-2.88B-43.9M1.383.46206,951284,6742,973,3634,472,047
2015-04-15$43.08$41.5016.6%4.8%17.1%30.2%16.5%2.3%0.4%240.2M-3.42B-43.6M2.372.55123,935293,8053,009,3544,502,088
2015-04-16$43.56$41.5016.0%4.6%16.3%26.1%16.3%2.4%0.4%263.7M-4.17B-42.0M1.592.44180,111287,1272,980,5834,593,308
2015-04-17$42.68$41.5017.9%5.1%17.6%39.2%18.7%2.8%0.4%189.7M-2.54B-44.3M3.192.70165,558527,4043,071,4354,635,576
2015-04-20$42.68$42.0017.6%5.1%17.3%37.3%17.8%2.8%-0.3%147.2M-1.47B-44.5M0.862.15207,345178,6902,821,3464,002,653
2015-04-21$42.93$42.0017.3%5.0%17.4%35.3%17.5%3.1%-0.1%215.1M-2.05B-44.4M2.362.24102,607241,8532,894,0854,033,057
2015-04-22$43.36$42.0016.6%4.7%17.5%30.4%16.2%3.3%-0.3%281.0M-2.84B-44.3M1.232.08173,871214,0352,941,9074,109,190
2015-04-23$43.68$42.0016.7%4.9%15.9%31.3%16.9%3.0%0.0%328.0M-3.67B-43.9M1.142.25220,694251,9832,994,5804,131,723
2015-04-24$43.82$42.0016.9%4.6%15.2%32.4%17.5%3.2%0.0%345.9M-3.92B-44.2M2.172.28162,111351,1973,041,9754,221,324
2015-04-27$43.96$42.0017.1%4.9%15.1%33.4%17.1%3.2%0.2%380.7M-4.25B-43.9M0.632.02431,232269,5923,087,3944,205,677
2015-04-28$44.06$42.5016.8%4.8%14.2%31.9%16.5%3.0%0.2%415.4M-4.52B-45.1M1.552.36200,675310,3913,247,8024,250,887
2015-04-29$43.56$42.5017.2%4.9%15.1%34.3%17.4%3.1%0.3%403.9M-3.29B-45.8M2.152.41191,692411,1993,276,1764,312,078
2015-04-30$42.94$42.5017.5%5.1%16.1%36.5%18.0%3.4%0.1%229.4M-1.64B-47.0M2.282.26176,717402,2133,327,4084,452,976