EEM Options History — August 2019

In August 2019, EEM traded between $38.84 and $41.00. ATM implied volatility averaged 20.2%, placing in the 40.7% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 1.2% (HV 20d: 19.0%). Max pain ranged from $41.00 to $42.50. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 2.50.

Notable Days

2019-08-05: Highest Volume — 711,019 contracts
2019-08-05: Largest IV spike — 32.6% change
2019-08-05: Highest IV Rank — 67.7%
2019-08-15: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.70	$38.84	$41.00	$41.00	$40.11
Max Pain	$41.45	$41.00	$42.50	$42.50	$41.00
ATM IV	20.2%	17.7%	24.3%	18.2%	18.7%
Expected Move	5.8%	5.2%	6.7%	5.4%	5.5%
HV 20d	19.0%	10.4%	22.1%	10.4%	21.3%
HV 60d	16.1%	15.2%	16.8%	15.2%	16.5%
IV Rank	40.7%	23.9%	67.7%	27.2%	30.9%
IV Percentile	63.7%	41.3%	86.1%	50.8%	52.4%
Term Structure	0.0%	-0.7%	0.7%	-0.5%	0.6%
VWIV	21.1%	18.6%	25.3%	19.6%	18.6%
Skew 25d	5.4%	3.9%	7.0%	4.6%	4.4%
Skew 10d	10.7%	7.0%	14.2%	10.0%	8.6%
Call IV 25d	17.7%	15.6%	20.7%	16.1%	16.4%
Put IV 25d	23.1%	20.3%	27.5%	20.7%	20.8%
Bid-Ask Spread %	2.03	1.38	2.91	2.91	1.49
Gamma HHI	0.10	0.08	0.11	0.08	0.11
Net GEX	-542.6M	-662.2M	-374.0M	-571.5M	-374.0M
Net DEX	7.99B	5.60B	10.85B	6.50B	5.69B
Net VEX	-54.5M	-56.9M	-50.8M	-52.5M	-56.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.50	0.63	7.47	1.87	0.63
Total Volume	351,608.955	124,583	711,019	443,826	368,941
Total OI	10,094,525.682	9,308,327	11,142,638	9,308,327	10,471,771

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
2019-08-01	$41.00	$42.50	18.2%	5.4%	10.4%	27.2%	19.6%	4.6%	-0.5%	-571.5M	6.50B	-52.5M	1.87	2.91	154,565	289,261	3,007,301	6,301,026
2019-08-02	$40.57	$42.50	18.3%	5.5%	10.7%	28.0%	20.8%	4.6%	-0.2%	-662.2M	7.70B	-52.2M	7.47	2.02	62,369	465,749	3,053,515	6,415,238
2019-08-05	$39.14	$42.00	24.3%	6.6%	15.9%	67.7%	22.8%	6.9%	-0.7%	-613.7M	10.52B	-50.8M	3.48	2.85	158,790	552,229	2,895,457	6,447,064
2019-08-06	$39.58	$42.00	21.4%	6.2%	16.8%	48.9%	20.7%	6.6%	-0.2%	-632.4M	9.49B	-51.9M	1.84	2.09	144,004	264,365	3,001,071	6,596,493
2019-08-07	$39.75	$42.00	21.7%	6.2%	16.4%	51.0%	20.8%	6.9%	-0.2%	-635.7M	8.88B	-52.9M	1.66	1.91	164,701	273,027	3,060,267	6,660,042
2019-08-08	$40.27	$42.00	17.7%	5.2%	17.4%	23.9%	21.4%	5.5%	0.0%	-597.7M	7.22B	-53.5M	2.29	2.14	56,555	129,736	3,239,281	6,760,669
2019-08-09	$39.95	$42.00	18.2%	5.3%	17.5%	27.2%	18.9%	5.5%	0.2%	-603.9M	8.06B	-54.5M	1.48	2.54	197,176	292,364	3,406,812	6,900,270
2019-08-12	$39.40	$42.00	20.2%	5.9%	17.6%	40.9%	22.2%	6.3%	0.5%	-635.5M	9.49B	-54.3M	5.44	2.11	50,453	274,366	3,445,079	6,931,200
2019-08-13	$39.84	$42.00	19.3%	5.7%	18.4%	34.7%	19.7%	5.7%	0.7%	-647.5M	8.15B	-55.3M	1.61	2.21	163,685	262,980	3,488,926	7,019,094
2019-08-14	$38.84	$41.00	22.9%	6.6%	20.0%	59.1%	24.6%	7.0%	0.1%	-634.6M	10.85B	-54.9M	4.20	2.45	129,637	544,455	3,603,519	7,152,678
2019-08-15	$39.09	$41.00	22.9%	6.7%	20.0%	59.0%	25.3%	6.9%	0.4%	-656.4M	10.23B	-55.9M	2.67	2.25	98,665	263,287	3,651,495	7,280,692
2019-08-16	$39.59	$41.00	21.1%	6.2%	20.9%	46.9%	21.8%	6.1%	0.7%	-537.7M	8.80B	-56.9M	1.14	1.82	130,790	149,053	3,718,856	7,423,782
2019-08-19	$39.70	$41.00	19.7%	5.7%	21.0%	37.6%	21.0%	5.1%	-0.0%	-448.0M	6.77B	-55.5M	0.98	1.88	155,924	152,046	2,983,547	6,607,460
2019-08-20	$39.84	$41.00	18.4%	5.3%	21.1%	28.6%	20.8%	4.8%	0.2%	-438.2M	6.49B	-55.5M	1.94	2.13	62,757	121,560	3,076,350	6,664,967
2019-08-21	$40.11	$41.00	18.1%	5.2%	21.4%	26.9%	18.9%	4.2%	0.2%	-395.3M	5.60B	-55.2M	1.93	1.38	56,408	108,784	3,131,740	6,706,644
2019-08-22	$39.65	$41.00	19.0%	5.4%	21.5%	32.8%	20.0%	3.9%	-0.0%	-464.5M	6.98B	-54.5M	1.05	1.79	153,800	161,858	3,148,783	6,736,081
2019-08-23	$39.06	$41.00	21.8%	6.3%	21.7%	51.6%	20.5%	4.8%	0.1%	-507.6M	8.60B	-55.0M	1.21	2.15	193,025	233,856	3,247,480	6,810,757
2019-08-26	$39.23	$41.00	22.2%	6.5%	21.9%	54.1%	22.4%	5.1%	-0.5%	-493.2M	8.10B	-54.9M	3.79	1.63	26,017	98,566	3,269,663	6,856,778
2019-08-27	$39.42	$41.00	20.9%	6.2%	22.1%	45.6%	22.6%	5.1%	-0.3%	-480.0M	7.57B	-55.4M	2.42	1.49	48,088	116,558	3,287,615	6,935,003
2019-08-28	$39.47	$41.00	20.5%	5.9%	22.0%	43.1%	22.0%	5.0%	-0.5%	-485.4M	7.59B	-55.1M	3.08	1.53	42,965	132,361	3,306,720	6,990,589
2019-08-29	$39.85	$41.00	18.4%	5.3%	21.4%	28.7%	18.8%	4.5%	-0.3%	-421.2M	6.44B	-55.6M	2.73	1.81	61,559	168,062	3,319,157	7,068,633
2019-08-30	$40.11	$41.00	18.7%	5.5%	21.3%	30.9%	18.6%	4.4%	0.6%	-374.0M	5.69B	-56.1M	0.63	1.49	226,451	142,490	3,333,329	7,138,442