EEM Options History — August 2021

In August 2021, EEM traded between $49.48 and $52.52. ATM implied volatility averaged 17.3%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded below realized volatility by 2.0% (HV 20d: 19.2%). Max pain ranged from $52.50 to $54.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 2.20.

Notable Days

2021-08-31: Highest Volume — 366,448 contracts
2021-08-19: Largest IV spike — 14.5% change
2021-08-20: Highest IV Rank — 42.7%
2021-08-20: Largest Expected Move — 5.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.46	$49.48	$52.52	$51.92	$52.43
Max Pain	$53.57	$52.50	$54.00	$53.00	$52.50
ATM IV	17.3%	14.9%	20.6%	18.6%	16.6%
Expected Move	4.9%	4.2%	5.9%	5.1%	4.2%
HV 20d	19.2%	16.5%	21.8%	21.8%	17.3%
HV 60d	16.5%	15.8%	17.7%	17.7%	16.7%
IV Rank	21.2%	5.9%	42.7%	29.5%	16.7%
IV Percentile	23.2%	3.2%	60.7%	30.6%	19.4%
Term Structure	0.3%	-0.5%	1.5%	-0.2%	-0.5%
VWIV	18.1%	15.1%	23.0%	20.5%	15.5%
Skew 25d	5.0%	4.1%	6.2%	5.7%	4.8%
Skew 10d	10.3%	8.3%	12.8%	11.1%	11.4%
Call IV 25d	15.6%	13.5%	18.2%	16.8%	14.6%
Put IV 25d	20.5%	17.7%	24.5%	22.5%	19.3%
Bid-Ask Spread %	11.88	1.70	49.32	49.32	2.43
Gamma HHI	0.10	0.07	0.18	0.08	0.07
Net GEX	-314.5M	-517.7M	-144.3K	-286.0M	-144.3K
Net DEX	3.86B	1.28B	7.47B	3.33B	1.28B
Net VEX	-42.5M	-44.7M	-40.4M	-44.3M	-40.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.20	0.22	7.34	3.27	0.73
Total Volume	167,983.545	65,396	366,448	180,212	366,448
Total OI	6,605,582.591	6,243,528	6,933,999	6,278,020	6,843,788

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
2021-08-02	$51.92	$53.00	18.6%	5.1%	21.8%	29.5%	20.5%	5.7%	-0.2%	-286.0M	3.33B	-44.3M	3.27	49.32	42,183	138,029	1,838,604	4,439,416
2021-08-03	$52.18	$53.00	18.3%	5.0%	21.4%	27.7%	19.9%	5.8%	-0.1%	-272.6M	3.00B	-44.0M	4.21	12.40	34,767	146,361	1,863,452	4,504,893
2021-08-04	$52.52	$53.00	17.6%	4.8%	21.5%	23.6%	20.0%	5.5%	-0.1%	-263.7M	2.70B	-44.7M	2.05	48.35	39,411	80,938	1,876,382	4,612,488
2021-08-05	$52.39	$54.00	16.3%	5.0%	20.3%	15.2%	17.5%	4.9%	0.1%	-265.6M	2.62B	-43.7M	1.96	25.21	54,432	106,479	1,906,723	4,606,802
2021-08-06	$51.89	$54.00	16.0%	4.7%	19.6%	12.8%	18.8%	4.4%	0.0%	-342.4M	3.43B	-44.3M	2.20	49.25	37,530	82,680	1,929,000	4,653,527
2021-08-09	$52.16	$54.00	15.7%	4.6%	19.7%	11.2%	16.1%	4.3%	0.6%	-308.8M	2.91B	-42.4M	2.16	2.08	20,832	44,907	1,924,933	4,623,622
2021-08-10	$52.19	$54.00	15.8%	4.7%	19.7%	12.0%	16.8%	4.5%	0.4%	-303.7M	2.93B	-42.8M	1.26	1.77	39,012	49,256	1,944,359	4,672,502
2021-08-11	$52.33	$54.00	14.9%	4.6%	19.6%	5.9%	16.7%	4.2%	1.0%	-301.5M	2.72B	-42.3M	2.25	1.90	20,128	45,268	1,966,076	4,710,378
2021-08-12	$51.83	$54.00	15.3%	4.5%	19.8%	8.7%	15.1%	4.3%	0.6%	-385.3M	3.62B	-42.3M	0.78	2.08	56,374	43,874	1,969,813	4,733,945
2021-08-13	$51.70	$54.00	15.5%	4.4%	19.6%	9.7%	17.4%	4.1%	-0.2%	-377.4M	3.81B	-41.7M	1.36	1.70	61,465	83,624	2,011,786	4,762,281
2021-08-16	$51.25	$54.00	16.6%	4.8%	18.7%	16.6%	16.6%	4.7%	0.5%	-428.5M	4.47B	-41.3M	1.93	7.61	28,339	54,614	2,011,411	4,696,038
2021-08-17	$50.30	$54.00	18.6%	5.3%	19.4%	29.5%	20.0%	5.4%	-0.4%	-508.7M	6.04B	-41.4M	4.84	2.11	41,551	201,171	2,055,839	4,740,348
2021-08-18	$50.51	$54.00	17.3%	5.0%	19.4%	21.3%	17.6%	5.1%	1.5%	-509.0M	5.68B	-41.8M	2.50	8.51	46,759	116,786	2,056,632	4,758,473
2021-08-19	$49.57	$54.00	19.8%	5.6%	20.1%	37.5%	23.0%	6.2%	1.2%	-517.7M	7.33B	-42.8M	7.34	4.98	40,390	296,614	2,062,297	4,799,522
2021-08-20	$49.48	$54.00	20.6%	5.9%	19.6%	42.7%	20.3%	5.8%	0.1%	-398.8M	7.47B	-42.0M	0.88	14.20	162,251	143,035	2,101,081	4,832,918
2021-08-23	$50.30	$54.00	19.0%	5.4%	19.6%	32.4%	19.2%	5.5%	0.9%	-341.8M	5.12B	-42.3M	3.26	2.38	36,826	120,015	1,829,178	4,414,350
2021-08-24	$51.41	$53.00	18.2%	5.1%	19.7%	27.0%	19.2%	4.7%	0.8%	-231.3M	3.36B	-42.4M	1.65	11.60	55,725	92,211	1,944,950	4,475,663
2021-08-25	$51.47	$53.00	17.6%	4.8%	16.5%	23.3%	17.0%	4.6%	0.7%	-224.0M	3.19B	-41.9M	1.61	2.91	33,596	54,162	1,965,134	4,496,548
2021-08-26	$50.98	$53.00	18.7%	5.1%	16.7%	30.2%	18.6%	5.0%	0.2%	-255.0M	3.95B	-42.7M	0.52	2.98	52,860	27,386	2,003,335	4,530,071
2021-08-27	$51.58	$53.00	16.8%	4.6%	16.8%	18.2%	16.0%	4.2%	-0.5%	-219.5M	3.06B	-42.3M	0.22	4.98	299,235	65,544	2,024,604	4,563,975
2021-08-30	$51.69	$53.00	16.4%	4.6%	16.6%	15.7%	17.3%	5.3%	0.8%	-177.1M	2.77B	-40.4M	1.41	2.70	55,025	77,545	2,030,362	4,535,318
2021-08-31	$52.43	$52.50	16.6%	4.2%	17.3%	16.7%	15.5%	4.8%	-0.5%	-144.3K	1.28B	-40.9M	0.73	2.43	211,884	154,564	2,260,124	4,583,664