EEM Options History — May 2019

In May 2019, EEM traded between $39.86 and $44.22. ATM implied volatility averaged 18.8%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 1.7% (HV 20d: 17.1%). Max pain ranged from $41.50 to $44.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 2.27.

Notable Days

2019-05-13: Highest Volume — 965,988 contracts
2019-05-13: Largest IV spike — 24.7% change
2019-05-13: Highest IV Rank — 63.0%
2019-05-13: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.38	$39.86	$44.22	$43.67	$40.77
Max Pain	$42.25	$41.50	$44.00	$44.00	$41.50
ATM IV	18.8%	14.2%	23.5%	14.9%	18.9%
Expected Move	5.4%	4.0%	6.7%	4.3%	5.3%
HV 20d	17.1%	9.4%	21.0%	9.8%	21.0%
HV 60d	16.1%	13.8%	17.2%	14.1%	17.0%
IV Rank	31.6%	0.6%	63.0%	5.2%	32.1%
IV Percentile	53.5%	0.4%	83.3%	6.0%	57.1%
Term Structure	0.0%	-0.4%	0.4%	0.2%	0.0%
VWIV	19.5%	13.5%	23.9%	14.0%	20.2%
Skew 25d	4.9%	2.5%	6.3%	2.8%	5.3%
Skew 10d	10.0%	5.5%	13.8%	5.5%	9.2%
Call IV 25d	16.6%	12.8%	20.6%	13.3%	17.0%
Put IV 25d	21.6%	15.2%	27.0%	16.1%	22.3%
Bid-Ask Spread %	2.52	1.75	3.46	1.75	1.89
Gamma HHI	0.09	0.07	0.12	0.08	0.10
Net GEX	-467.3M	-648.7M	-668.5K	-164.1M	-470.6M
Net DEX	6.20B	-392.0M	9.55B	1.19B	6.09B
Net VEX	-55.4M	-60.2M	-49.3M	-49.9M	-60.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.27	0.81	4.22	0.81	3.05
Total Volume	490,397.955	277,181	965,988	277,181	396,101
Total OI	9,768,399.909	8,615,645	10,775,344	8,615,645	10,622,928

Daily Data (22 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
2019-05-01	$43.67	$44.00	14.9%	4.3%	9.8%	5.2%	14.0%	2.8%	0.2%	-164.1M	1.19B	-49.9M	0.81	1.75	152,992	124,189	2,607,905	6,007,740
2019-05-02	$43.67	$44.00	14.9%	4.3%	9.4%	5.5%	14.9%	2.7%	0.3%	-161.8M	1.13B	-50.0M	2.93	1.81	104,337	305,684	2,648,312	6,008,779
2019-05-03	$44.22	$44.00	14.2%	4.0%	10.3%	0.6%	13.5%	2.5%	0.4%	-668.5K	-392.0M	-49.3M	1.36	2.02	261,944	355,299	2,686,992	6,165,682
2019-05-06	$43.31	$42.00	16.8%	5.0%	12.3%	18.2%	17.2%	3.7%	0.1%	-288.6M	2.39B	-52.4M	3.10	2.62	121,147	375,599	2,688,823	6,255,736
2019-05-07	$42.35	$42.00	20.5%	5.9%	14.4%	42.5%	21.8%	5.1%	-0.1%	-444.1M	5.10B	-55.3M	1.97	2.68	274,686	540,494	2,748,525	6,464,487
2019-05-08	$42.47	$42.00	20.2%	5.8%	14.5%	40.8%	21.8%	5.1%	-0.3%	-415.7M	4.78B	-55.7M	2.37	3.24	180,285	428,032	2,906,769	6,587,909
2019-05-09	$41.77	$42.00	21.2%	5.9%	15.1%	47.6%	20.2%	5.7%	-0.4%	-496.6M	6.60B	-56.1M	1.41	2.97	378,248	532,074	3,001,334	6,692,544
2019-05-10	$41.93	$42.00	18.9%	5.4%	14.9%	31.9%	18.7%	4.9%	-0.1%	-488.0M	6.10B	-55.9M	1.50	2.82	222,644	333,804	3,233,311	6,874,447
2019-05-13	$40.56	$42.00	23.5%	6.7%	18.1%	63.0%	23.9%	6.3%	-0.3%	-576.1M	9.31B	-55.4M	2.41	3.46	283,664	682,324	3,077,313	6,755,797
2019-05-14	$41.13	$42.00	21.1%	6.1%	19.2%	46.6%	23.8%	5.5%	-0.2%	-554.0M	7.63B	-57.5M	4.22	2.08	93,145	393,048	3,412,587	7,039,982
2019-05-15	$41.22	$42.00	19.5%	5.7%	18.9%	36.2%	21.4%	4.9%	0.1%	-564.5M	7.30B	-56.9M	2.06	2.18	92,612	190,924	3,460,653	7,094,410
2019-05-16	$41.05	$42.00	18.8%	5.4%	18.7%	31.4%	20.5%	4.9%	-0.1%	-589.6M	7.53B	-56.6M	3.75	2.50	98,769	370,794	3,501,955	7,069,876
2019-05-17	$40.32	$42.00	19.2%	5.5%	19.3%	33.8%	20.0%	4.6%	-0.2%	-561.1M	9.55B	-55.8M	1.75	2.76	151,748	265,145	3,545,095	7,230,249
2019-05-20	$40.16	$42.00	20.0%	5.7%	19.2%	39.6%	19.7%	6.1%	0.1%	-542.6M	7.97B	-55.3M	2.28	1.95	84,608	192,833	2,716,379	6,514,431
2019-05-21	$40.58	$42.00	18.0%	5.2%	19.9%	25.9%	18.5%	5.4%	0.3%	-523.4M	6.96B	-55.1M	1.55	2.32	116,818	181,354	2,771,503	6,606,462
2019-05-22	$40.51	$42.00	17.8%	5.1%	19.6%	24.8%	18.0%	5.3%	0.3%	-529.0M	7.13B	-55.1M	2.09	2.30	129,705	270,696	2,837,106	6,660,039
2019-05-23	$39.86	$42.00	19.6%	5.6%	20.1%	37.0%	21.1%	5.6%	0.0%	-589.9M	8.95B	-55.6M	2.57	2.77	138,864	357,536	2,909,857	6,803,131
2019-05-24	$40.00	$42.00	18.7%	5.3%	20.1%	30.8%	19.4%	5.3%	0.3%	-648.7M	8.61B	-56.5M	0.93	3.26	220,797	206,271	2,996,583	6,963,113
2019-05-28	$40.03	$42.00	19.4%	5.6%	20.0%	35.4%	20.7%	5.7%	0.0%	-597.3M	8.23B	-56.5M	3.68	2.87	65,833	242,138	3,139,936	6,969,309
2019-05-29	$40.33	$42.00	19.1%	5.5%	20.5%	33.3%	20.8%	5.4%	-0.0%	-559.6M	7.44B	-57.7M	2.21	2.71	114,713	253,891	3,166,743	7,066,543
2019-05-30	$40.56	$42.00	19.0%	5.4%	20.8%	32.6%	20.0%	5.5%	0.1%	-514.7M	6.78B	-59.0M	2.03	2.52	166,030	336,936	3,234,712	7,158,811
2019-05-31	$40.77	$41.50	18.9%	5.3%	21.0%	32.1%	20.2%	5.3%	0.0%	-470.6M	6.09B	-60.2M	3.05	1.89	97,845	298,256	3,341,189	7,281,739