EEM Options History — October 2018

In October 2018, EEM traded between $37.71 and $42.85. ATM implied volatility averaged 23.4%, placing in the 63.8% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 3.5% (HV 20d: 19.9%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 1.44.

Notable Days

2018-10-04: Highest Volume — 950,080 contracts
2018-10-10: Largest IV spike — 19.3% change
2018-10-29: Highest IV Rank — 95.7%
2018-10-29: Largest Expected Move — 9.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.10	$37.71	$42.85	$42.85	$39.28
Max Pain	$41.87	$40.00	$43.00	$43.00	$40.00
ATM IV	23.4%	17.6%	29.1%	17.6%	24.2%
Expected Move	6.8%	5.0%	9.1%	5.0%	7.3%
HV 20d	19.9%	13.3%	27.7%	15.3%	27.7%
HV 60d	19.8%	18.2%	22.1%	18.5%	22.1%
IV Rank	63.8%	31.1%	95.7%	31.1%	68.0%
IV Percentile	91.0%	57.1%	99.6%	57.1%	93.7%
Term Structure	-0.3%	-1.5%	0.5%	0.5%	-0.1%
VWIV	24.1%	17.8%	30.2%	18.3%	28.2%
Skew 25d	5.4%	3.5%	7.4%	3.5%	5.9%
Skew 10d	10.4%	6.0%	14.3%	6.0%	11.2%
Call IV 25d	21.2%	16.6%	25.1%	16.6%	21.9%
Put IV 25d	26.6%	20.1%	32.6%	20.1%	27.8%
Bid-Ask Spread %	2.11	1.49	4.07	1.94	3.04
Gamma HHI	0.10	0.07	0.14	0.07	0.10
Net GEX	-273.8M	-361.0M	9.0M	9.0M	-240.8M
Net DEX	7.44B	2.62B	10.27B	2.62B	7.57B
Net VEX	-37.7M	-42.7M	-33.3M	-42.7M	-37.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.44	0.46	3.14	1.60	1.51
Total Volume	496,547.87	223,595	950,080	223,595	541,304
Total OI	8,514,841.087	7,670,566	9,520,383	7,670,566	9,520,383

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-10-01	$42.85	$43.00	17.6%	5.0%	15.3%	31.1%	18.3%	3.5%	0.5%	9.0M	2.62B	-42.7M	1.60	1.94	86,095	137,500	3,281,778	4,388,788
2018-10-02	$42.42	$43.00	18.4%	5.3%	13.5%	35.5%	17.8%	3.8%	0.3%	-90.6M	3.80B	-42.0M	0.59	1.68	270,585	160,176	3,321,597	4,432,550
2018-10-03	$41.95	$43.00	19.1%	5.5%	13.3%	39.8%	19.6%	3.6%	0.3%	-180.2M	4.95B	-41.3M	0.71	1.89	180,678	128,403	3,429,186	4,493,298
2018-10-04	$40.95	$43.00	21.5%	6.0%	15.8%	53.0%	20.0%	5.0%	-0.0%	-307.4M	7.11B	-38.6M	0.62	1.85	585,889	364,191	3,453,326	4,531,007
2018-10-05	$40.74	$43.00	22.0%	6.0%	15.9%	55.9%	21.7%	5.1%	-0.1%	-303.4M	7.42B	-38.1M	2.40	1.85	132,567	317,536	3,395,185	4,601,897
2018-10-08	$40.97	$43.00	21.2%	6.0%	15.7%	51.3%	20.3%	5.2%	-0.1%	-294.0M	6.91B	-37.8M	1.41	1.49	133,464	188,672	3,323,534	4,605,991
2018-10-09	$40.78	$43.00	20.7%	5.9%	15.8%	48.7%	21.6%	4.8%	-0.4%	-313.1M	7.18B	-36.7M	1.89	1.55	86,273	162,717	3,369,705	4,597,601
2018-10-10	$39.62	$43.00	24.7%	6.7%	18.4%	71.2%	24.1%	5.6%	-1.5%	-360.9M	8.95B	-34.9M	2.35	2.18	131,895	310,021	3,413,805	4,622,086
2018-10-11	$39.29	$43.00	25.9%	7.5%	17.7%	78.0%	26.5%	5.5%	0.5%	-361.0M	9.33B	-34.8M	1.14	1.97	386,540	441,974	3,468,809	4,678,581
2018-10-12	$40.21	$42.00	24.8%	7.0%	20.0%	71.4%	24.2%	5.4%	-0.4%	-321.5M	7.69B	-38.6M	1.51	1.98	356,712	539,669	3,706,238	4,852,695
2018-10-15	$39.97	$42.00	23.7%	6.8%	19.8%	65.5%	23.6%	5.3%	-0.6%	-324.6M	7.96B	-37.9M	2.52	1.63	103,500	260,307	3,885,359	4,927,440
2018-10-16	$40.82	$42.00	21.5%	6.2%	21.0%	53.1%	22.7%	4.8%	-0.5%	-254.6M	6.29B	-39.1M	0.46	1.75	338,771	155,390	3,899,897	4,985,967
2018-10-17	$40.32	$42.00	22.4%	6.4%	20.6%	58.2%	23.0%	4.8%	-0.7%	-274.5M	7.23B	-38.4M	0.67	2.11	263,635	175,776	4,116,412	4,996,058
2018-10-18	$39.35	$42.00	24.6%	7.1%	21.2%	70.7%	24.3%	5.3%	-0.8%	-355.8M	9.12B	-36.8M	1.20	2.25	290,242	349,326	4,294,707	5,062,752
2018-10-19	$39.73	$41.00	24.0%	6.9%	21.6%	66.8%	23.8%	5.4%	-0.8%	-323.2M	8.54B	-37.4M	1.60	1.85	207,275	332,348	4,323,775	5,133,528
2018-10-22	$40.15	$41.00	23.1%	6.8%	22.1%	62.2%	25.1%	5.2%	0.2%	-210.6M	6.35B	-38.4M	1.68	1.96	120,849	203,514	3,556,265	4,648,588
2018-10-23	$39.77	$41.00	23.5%	7.0%	21.9%	64.1%	25.8%	5.5%	-0.1%	-257.5M	7.19B	-37.9M	1.14	2.14	174,889	199,313	3,580,372	4,741,230
2018-10-24	$38.81	$41.00	26.3%	7.9%	22.9%	79.8%	28.5%	7.0%	-0.3%	-309.1M	8.73B	-36.0M	1.59	1.95	159,322	253,817	3,631,961	4,793,945
2018-10-25	$39.18	$41.00	25.9%	7.9%	23.4%	77.5%	26.6%	6.3%	-0.3%	-307.6M	8.14B	-36.9M	1.58	2.24	144,581	228,825	3,698,705	4,872,066
2018-10-26	$38.70	$41.00	27.7%	8.4%	23.5%	87.6%	28.9%	7.2%	-0.4%	-325.3M	8.97B	-35.8M	0.70	2.50	548,550	385,743	3,757,123	4,939,328
2018-10-29	$37.71	$40.00	29.1%	9.1%	24.5%	95.7%	30.2%	7.4%	-0.7%	-313.1M	10.27B	-33.3M	1.19	4.07	193,100	229,712	4,095,104	5,086,050
2018-10-30	$38.67	$40.00	26.8%	8.2%	26.9%	82.5%	30.2%	6.6%	-0.5%	-277.4M	8.75B	-35.9M	3.14	2.62	110,972	347,983	4,188,874	5,137,799
2018-10-31	$39.28	$40.00	24.2%	7.3%	27.7%	68.0%	28.2%	5.9%	-0.1%	-240.8M	7.57B	-37.8M	1.51	3.04	215,593	325,711	4,238,086	5,282,297