EEM Options History — April 2019

In April 2019, EEM traded between $43.50 and $44.62. ATM implied volatility averaged 15.0%, placing in the 3.6% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 0.5% (HV 20d: 14.5%). Max pain ranged from $43.00 to $44.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 2.28.

Notable Days

  • 2019-04-03: Highest Volume — 615,866 contracts
  • 2019-04-26: Largest IV drop — 9.4% change
  • 2019-04-01: Highest IV Rank — 11.4%
  • 2019-04-01: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.12$43.50$44.62$43.65$43.88
Max Pain$43.36$43.00$44.00$43.00$44.00
ATM IV15.0%14.1%16.4%16.4%14.3%
Expected Move4.3%3.9%4.8%4.8%4.1%
HV 20d14.5%9.7%18.6%18.6%9.7%
HV 60d15.3%14.1%17.1%17.1%14.1%
IV Rank3.6%0.0%11.4%11.4%1.5%
IV Percentile3.9%0.0%15.9%15.9%1.2%
Term Structure0.3%-0.1%0.6%0.3%0.4%
VWIV15.1%13.7%17.3%15.4%14.2%
Skew 25d2.6%1.9%3.2%3.0%2.7%
Skew 10d5.3%3.9%6.6%6.1%5.7%
Call IV 25d13.8%13.1%14.8%14.8%13.2%
Put IV 25d16.5%15.4%18.0%17.9%15.9%
Bid-Ask Spread %2.171.752.502.131.76
Gamma HHI0.110.070.190.090.08
Net GEX233.6M-161.1M579.3M92.2M-105.4M
Net DEX-1.93B-4.33B797.6M-1.14B477.8M
Net VEX-49.8M-53.3M-47.3M-51.8M-48.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.280.417.350.411.67
Total Volume362,312.81153,905615,866457,096356,043
Total OI8,983,955.0487,893,0459,945,5458,510,9608,472,038

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$43.65$43.0016.4%4.8%18.6%11.4%15.4%3.0%0.3%92.2M-1.14B-51.8M0.412.13323,929133,1672,700,3995,810,561
2019-04-02$43.50$43.0016.1%4.7%18.3%9.1%15.8%3.0%0.1%124.2M-864.6M-52.6M2.672.2479,919213,1932,944,0115,870,597
2019-04-03$43.85$43.0016.1%4.7%18.3%9.2%15.3%3.2%0.1%187.5M-1.79B-53.3M0.842.48334,987280,8792,993,8615,980,806
2019-04-04$44.05$43.0015.5%4.6%16.6%5.3%15.3%2.8%0.1%293.8M-2.55B-52.5M1.922.26100,307192,8953,148,9276,094,102
2019-04-05$44.41$43.0014.5%4.3%16.4%0.0%14.8%2.6%0.3%401.4M-3.82B-51.3M1.282.36168,724215,8153,201,3906,122,661
2019-04-08$44.35$43.0014.8%4.3%15.3%1.9%16.0%2.6%0.1%404.0M-3.46B-50.2M2.002.5064,689129,4333,168,7606,074,023
2019-04-09$44.36$43.0014.8%4.4%15.2%2.2%16.6%2.9%0.6%417.3M-3.44B-50.3M7.352.0640,183295,2713,193,1356,078,805
2019-04-10$44.56$43.0014.9%4.4%15.2%2.9%15.4%2.6%0.5%454.9M-3.94B-50.5M2.952.02113,619334,7783,203,4486,230,161
2019-04-11$44.02$43.0015.4%4.5%15.9%6.1%16.4%2.6%0.5%324.0M-2.10B-52.0M4.002.3599,875399,0053,270,0536,327,299
2019-04-12$44.31$43.0014.6%4.3%15.5%0.9%14.4%2.3%0.3%450.1M-3.27B-50.5M2.552.07117,081298,5663,316,7796,446,126
2019-04-15$44.11$43.0015.1%4.4%15.1%4.2%14.1%2.5%0.6%429.3M-2.53B-50.0M0.752.10101,03475,8923,274,1366,371,481
2019-04-16$44.47$43.0014.4%4.1%15.3%0.0%13.7%2.5%0.5%579.3M-3.85B-48.3M1.482.12113,443168,3763,265,6076,431,800
2019-04-17$44.62$43.0014.4%4.1%15.2%0.0%14.4%1.9%0.4%579.2M-4.33B-47.5M1.101.89186,061204,6273,260,5156,507,543
2019-04-18$44.56$43.5014.3%4.1%15.2%0.0%14.2%2.2%0.4%549.6M-4.29B-47.9M1.332.11184,182245,7543,304,4136,641,132
2019-04-22$44.28$44.0014.8%4.2%10.7%3.8%14.1%2.7%0.1%83.4M-881.7M-48.1M2.122.1849,306104,5992,497,9105,395,135
2019-04-23$44.35$44.0014.4%4.1%10.7%1.0%17.3%2.6%-0.0%93.8M-1.03B-47.3M4.672.1062,075290,0682,498,2975,487,519
2019-04-24$43.76$44.0015.1%4.2%12.0%5.6%15.6%2.7%-0.1%-85.8M530.7M-49.0M1.982.33172,228341,3012,535,2415,644,198
2019-04-25$43.72$44.0015.6%4.4%11.8%8.5%16.0%2.9%-0.0%-161.1M797.6M-49.1M2.441.75116,684284,6942,508,8725,722,674
2019-04-26$43.82$44.0014.1%3.9%11.7%0.0%13.8%2.7%0.2%-121.6M680.3M-47.9M2.502.45130,615326,2772,497,6915,791,386
2019-04-29$43.95$44.0014.3%4.0%11.2%1.3%14.6%2.8%0.3%-85.4M239.1M-48.1M1.892.4255,049103,9462,500,3425,879,222
2019-04-30$43.88$44.0014.3%4.1%9.7%1.5%14.2%2.7%0.4%-105.4M477.8M-48.3M1.671.76133,546222,4972,533,9775,938,061