EEM Options History — February 2019

In February 2019, EEM traded between $42.03 and $43.51. ATM implied volatility averaged 17.2%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 1.3% (HV 20d: 15.9%). Max pain ranged from $41.00 to $42.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 1.36.

Notable Days

  • 2019-02-05: Highest Volume — 1,106,182 contracts
  • 2019-02-27: Largest IV spike — 5.5% change
  • 2019-02-01: Highest IV Rank — 23.3%
  • 2019-02-01: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.63$42.03$43.51$42.74$42.47
Max Pain$41.37$41.00$42.00$41.00$42.00
ATM IV17.2%16.1%18.3%18.3%17.6%
Expected Move4.9%4.4%5.4%5.4%4.9%
HV 20d15.9%13.4%18.6%18.6%13.4%
HV 60d19.6%18.1%21.4%21.4%18.4%
IV Rank16.5%9.1%23.3%23.3%19.8%
IV Percentile21.8%8.7%37.3%37.3%31.0%
Term Structure0.3%-0.1%0.6%0.3%-0.1%
VWIV17.3%15.6%19.5%18.7%17.3%
Skew 25d2.8%2.1%3.3%3.0%3.3%
Skew 10d5.3%3.8%7.0%5.2%7.0%
Call IV 25d16.0%14.8%17.0%16.7%16.1%
Put IV 25d18.7%17.5%20.1%19.7%19.4%
Bid-Ask Spread %1.691.452.121.671.53
Gamma HHI0.100.080.150.090.09
Net GEX348.6M73.2M601.3M466.3M73.2M
Net DEX-3.19B-7.07B-809.7M-5.30B-809.7M
Net VEX-49.8M-52.5M-47.2M-50.1M-52.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.283.901.361.89
Total Volume485,535.421168,0021,106,182309,574413,876
Total OI10,253,144.9479,247,43711,288,98510,126,60810,308,883

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-02-01$42.74$41.0018.3%5.4%18.6%23.3%18.7%3.0%0.3%466.3M-5.30B-50.1M1.361.67131,028178,5464,253,5925,873,016
2019-02-04$42.82$41.0017.6%5.1%15.7%18.7%17.9%2.9%0.2%509.7M-5.10B-48.3M1.031.8582,92285,0804,137,5425,783,010
2019-02-05$43.38$41.0017.2%5.0%16.0%15.8%17.8%2.7%0.2%601.3M-7.07B-47.2M0.282.12864,094242,0884,230,9305,871,506
2019-02-06$42.81$41.0017.5%5.1%17.2%18.0%17.7%2.8%0.3%500.5M-4.93B-49.4M0.321.60311,36999,7994,434,9335,908,529
2019-02-07$42.41$41.0018.2%5.3%16.9%22.7%19.5%3.1%0.2%345.3M-3.20B-50.3M1.051.94246,952258,6454,400,1895,938,692
2019-02-08$42.10$41.0017.8%5.1%17.1%20.0%17.7%3.0%0.2%284.9M-2.11B-50.5M0.961.86303,618292,6784,542,6826,096,736
2019-02-11$42.03$41.0017.9%5.1%17.0%21.7%18.2%2.9%0.5%276.8M-1.85B-50.4M1.671.45129,818216,4954,587,4756,141,810
2019-02-12$42.36$41.5017.0%4.9%16.8%15.5%16.7%2.1%0.3%352.9M-3.04B-50.2M0.621.49193,757120,1554,616,5616,309,080
2019-02-13$42.03$41.5017.1%4.9%17.1%16.4%17.5%2.4%0.5%286.8M-1.76B-50.2M1.541.79123,861190,8714,670,3976,360,812
2019-02-14$42.19$41.5017.1%4.9%16.6%16.1%16.6%2.3%0.6%295.2M-2.27B-49.9M1.891.69178,160336,5924,662,9116,444,612
2019-02-15$42.07$41.5016.8%4.8%16.7%14.4%17.3%2.4%0.5%337.4M-1.65B-50.4M0.931.54401,461371,7634,685,8676,603,118
2019-02-19$42.45$41.5016.8%4.6%16.8%14.1%16.3%2.6%0.2%185.3M-1.73B-48.3M1.261.58165,057207,1993,706,5635,540,874
2019-02-20$42.66$41.5017.1%4.7%14.8%16.0%16.6%2.7%0.1%253.0M-2.28B-49.0M1.721.55154,779266,0893,769,5295,635,163
2019-02-21$42.50$41.5016.6%4.6%14.6%13.0%17.2%2.8%0.3%210.6M-1.69B-49.4M3.901.61121,991476,1183,844,9015,709,992
2019-02-22$42.98$41.5016.1%4.4%14.7%9.1%15.9%2.7%0.3%487.5M-3.44B-49.4M1.401.65317,843444,3593,916,9515,885,451
2019-02-25$43.51$41.5016.3%4.6%14.6%10.8%15.6%2.9%0.0%446.8M-4.86B-49.1M0.711.52243,328173,2993,902,1535,946,758
2019-02-26$43.45$41.5016.4%4.6%13.8%11.2%16.4%2.7%0.3%435.7M-4.58B-50.4M0.991.78233,282231,6813,980,4466,009,080
2019-02-27$43.05$42.0017.3%4.8%14.4%17.5%17.8%3.1%0.0%273.3M-2.97B-52.2M2.301.92126,322290,1983,973,7026,125,308
2019-02-28$42.47$42.0017.6%4.9%13.4%19.8%17.3%3.3%-0.1%73.2M-809.7M-52.5M1.891.53143,276270,6004,008,9576,299,926