EEM Options History — April 2021

In April 2021, EEM traded between $53.16 and $55.20. ATM implied volatility averaged 17.5%, placing in the 3.2% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 0.2% (HV 20d: 17.3%). Max pain ranged from $54.00 to $56.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.37.

Notable Days

  • 2021-04-13: Highest Volume — 464,058 contracts
  • 2021-04-19: Largest IV spike — 7.5% change
  • 2021-04-20: Highest IV Rank — 8.3%
  • 2021-04-12: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.11$53.16$55.20$53.85$53.90
Max Pain$54.43$54.00$56.00$56.00$55.00
ATM IV17.5%16.3%18.6%17.5%17.6%
Expected Move5.0%4.6%5.4%4.9%5.0%
HV 20d17.3%12.1%24.6%24.6%14.1%
HV 60d21.9%19.6%23.1%23.1%19.9%
IV Rank3.2%0.0%8.3%0.0%6.5%
IV Percentile1.9%0.0%6.0%0.0%4.4%
Term Structure0.1%-0.3%0.7%0.6%-0.0%
VWIV18.1%16.2%20.1%17.6%18.3%
Skew 25d3.5%2.8%4.4%3.2%4.1%
Skew 10d7.5%4.9%12.1%6.9%8.7%
Call IV 25d16.3%15.0%17.4%16.7%16.4%
Put IV 25d19.8%18.1%21.3%19.9%20.5%
Bid-Ask Spread %5.092.7816.1816.184.21
Gamma HHI0.070.050.090.060.07
Net GEX-55.8M-214.2M133.2M-101.9M-64.8M
Net DEX366.0M-1.85B2.18B1.14B250.2M
Net VEX-46.9M-49.9M-44.1M-48.7M-49.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.370.243.761.191.39
Total Volume179,259.28638,087464,058129,681306,017
Total OI7,100,146.7146,479,6407,683,9847,102,3117,195,502

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$53.85$56.0017.5%4.9%24.6%0.0%17.6%3.2%0.6%-101.9M1.14B-48.7M1.1916.1859,10570,5762,280,7434,821,568
2021-04-05$54.10$54.0018.4%5.2%24.4%2.6%18.3%3.6%-0.3%-72.9M764.6M-47.0M0.4713.7525,93912,1482,295,6694,820,237
2021-04-06$54.42$54.0017.3%5.1%22.1%0.0%17.8%3.5%0.0%-17.8M220.5M-46.1M1.553.0626,91941,8222,315,9174,826,931
2021-04-07$53.50$54.0017.8%5.2%21.6%2.4%19.8%3.3%-0.0%-164.8M1.53B-45.5M1.953.3950,27098,0952,330,7584,872,711
2021-04-08$54.08$54.0017.4%5.1%21.8%0.6%18.2%2.9%0.1%-80.0M815.4M-46.3M1.203.6172,02986,6432,340,9754,921,492
2021-04-09$53.50$54.0018.1%5.3%19.1%3.8%18.2%3.3%0.2%-77.8M1.71B-47.2M0.983.4993,01391,2562,378,8964,943,353
2021-04-12$53.16$54.0018.6%5.4%18.1%6.1%19.6%3.4%0.1%-214.2M2.18B-46.9M1.862.9352,96298,5222,390,3934,926,802
2021-04-13$53.49$54.0018.0%5.3%18.3%3.4%18.3%3.2%0.6%-168.8M1.65B-45.4M3.763.0197,400366,6582,385,1305,002,758
2021-04-14$53.73$54.0018.1%5.1%18.2%3.8%20.1%3.5%-0.3%-128.2M1.57B-47.5M2.422.7837,98192,0482,421,6975,152,654
2021-04-15$54.25$54.0017.2%5.0%18.6%0.0%17.1%3.0%0.4%-38.6M774.5M-45.4M1.983.9268,624135,8252,425,8405,141,003
2021-04-16$54.36$54.0016.3%4.8%17.2%0.0%16.8%2.8%0.7%-13.6M421.7M-44.1M0.564.48258,665144,5972,458,8535,225,131
2021-04-19$54.09$54.0017.5%5.0%16.9%5.4%19.4%3.7%0.2%-79.9M52.1M-47.0M1.015.5253,30954,0521,969,5574,510,083
2021-04-20$53.80$54.0018.2%5.2%17.0%8.3%19.4%4.1%-0.3%-100.9M371.4M-46.9M0.704.5644,31431,1422,003,0464,536,129
2021-04-21$54.02$54.0017.6%5.1%15.5%5.8%18.8%3.7%0.0%-84.9M90.3M-46.7M1.284.9797,593125,0342,036,9014,553,782
2021-04-22$53.91$55.0017.8%5.1%13.3%7.6%18.0%4.4%0.2%-96.1M334.6M-46.7M0.245.09203,68749,3022,103,1094,621,518
2021-04-23$54.64$55.0016.9%4.8%13.9%3.1%17.1%3.3%0.2%44.4M-937.0M-48.1M1.983.8260,294119,1622,287,4384,644,995
2021-04-26$54.68$55.0017.2%4.9%12.2%4.3%17.2%4.0%0.0%34.2M-988.2M-47.2M0.354.2333,77311,8072,292,6354,602,470
2021-04-27$54.65$55.0016.8%4.8%12.1%2.4%16.2%3.6%0.2%35.8M-922.0M-47.1M0.343.54129,51943,7072,306,3114,606,520
2021-04-28$55.20$55.0016.4%4.6%12.4%0.7%16.9%3.6%0.1%133.2M-1.85B-46.7M1.914.7767,646129,4562,422,5364,625,324
2021-04-29$54.89$55.0016.5%4.7%12.5%0.8%17.8%3.7%0.2%84.8M-1.49B-47.5M1.725.5745,41578,1192,464,7494,640,965
2021-04-30$53.90$55.0017.6%5.0%14.1%6.5%18.3%4.1%-0.0%-64.8M250.2M-49.9M1.394.21128,211177,8062,495,2384,700,264