EEM Options History — February 2022

In February 2022, EEM traded between $46.38 and $49.85. ATM implied volatility averaged 21.7%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 0.3% (HV 20d: 21.4%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 2.65.

Notable Days

2022-02-24: Highest Volume — 554,702 contracts
2022-02-11: Largest IV spike — 23.1% change
2022-02-24: Highest IV Rank — 89.1%
2022-02-28: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.56	$46.38	$49.85	$49.02	$46.77
Max Pain	$50.00	$50.00	$50.00	$50.00	$50.00
ATM IV	21.7%	16.4%	27.4%	19.2%	27.3%
Expected Move	6.4%	5.0%	8.5%	5.6%	8.5%
HV 20d	21.4%	20.3%	22.7%	22.6%	22.7%
HV 60d	18.7%	18.0%	19.6%	18.3%	19.6%
IV Rank	51.3%	15.9%	89.1%	34.5%	88.4%
IV Percentile	77.3%	21.4%	99.6%	64.7%	99.2%
Term Structure	0.2%	-0.6%	0.9%	0.2%	0.0%
VWIV	23.7%	17.8%	33.1%	22.9%	33.1%
Skew 25d	6.5%	4.5%	9.1%	5.3%	9.1%
Skew 10d	15.2%	9.4%	31.3%	14.3%	14.2%
Call IV 25d	19.0%	15.1%	24.0%	17.1%	23.6%
Put IV 25d	25.6%	19.7%	32.7%	22.4%	32.7%
Bid-Ask Spread %	13.83	4.09	46.14	30.58	7.57
Gamma HHI	0.07	0.06	0.09	0.07	0.08
Net GEX	-127.8M	-247.7M	15.5M	-125.7M	-190.5M
Net DEX	3.05B	1.32B	5.43B	2.50B	4.99B
Net VEX	-35.8M	-37.1M	-33.5M	-36.2M	-33.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.65	1.37	4.31	2.71	2.74
Total Volume	307,913.421	228,968	554,702	276,951	389,155
Total OI	4,942,626.526	4,615,444	5,287,964	4,643,799	5,056,795

Daily Data (19 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
2022-02-01	$49.02	$50.00	19.2%	5.6%	22.6%	34.5%	22.9%	5.3%	0.2%	-125.7M	2.50B	-36.2M	2.71	30.58	74,613	202,338	1,697,220	2,946,579
2022-02-02	$49.10	$50.00	18.9%	5.4%	22.6%	32.7%	20.1%	5.3%	0.0%	-108.2M	2.28B	-36.0M	3.80	26.62	57,186	217,316	1,726,857	2,976,364
2022-02-03	$48.57	$50.00	21.3%	6.2%	22.1%	48.5%	21.4%	6.0%	0.1%	-137.7M	3.01B	-36.9M	3.10	5.94	61,283	189,995	1,743,476	3,037,668
2022-02-04	$48.76	$50.00	19.3%	5.8%	22.1%	35.3%	21.3%	5.2%	0.3%	-125.4M	2.74B	-36.6M	3.95	5.79	50,489	199,672	1,771,823	3,048,034
2022-02-07	$48.62	$50.00	19.6%	5.8%	21.9%	37.4%	21.6%	5.5%	0.2%	-134.9M	2.97B	-35.9M	3.08	5.36	61,684	189,714	1,775,840	3,030,993
2022-02-08	$48.98	$50.00	18.1%	5.4%	22.1%	27.4%	20.4%	5.2%	0.7%	-96.2M	2.59B	-35.1M	2.33	4.09	68,712	160,256	1,795,551	3,066,946
2022-02-09	$49.76	$50.00	16.4%	5.0%	21.1%	15.9%	17.8%	4.5%	0.9%	15.5M	1.37B	-35.9M	2.63	5.13	72,724	191,540	1,839,077	3,091,778
2022-02-10	$49.45	$50.00	19.0%	5.6%	20.3%	33.4%	19.5%	5.1%	0.8%	-28.3M	1.82B	-36.1M	1.47	4.79	131,923	193,590	1,854,512	3,140,359
2022-02-11	$48.72	$50.00	23.4%	6.8%	20.4%	62.6%	25.0%	7.0%	0.6%	-97.6M	3.07B	-36.6M	2.88	8.44	98,201	282,372	1,918,099	3,175,803
2022-02-14	$48.41	$50.00	23.7%	6.9%	20.5%	64.9%	27.4%	7.7%	-0.6%	-178.5M	3.46B	-36.4M	1.82	13.84	84,162	153,554	1,861,311	3,243,316
2022-02-15	$49.35	$50.00	21.3%	6.1%	20.8%	48.3%	23.5%	7.4%	-0.1%	-88.4M	2.27B	-37.1M	2.10	46.14	74,260	155,571	1,905,959	3,259,315
2022-02-16	$49.85	$50.00	19.6%	5.6%	20.9%	37.2%	19.2%	6.5%	-0.0%	-7.0M	1.32B	-36.7M	2.00	6.97	103,502	207,187	1,943,040	3,278,614
2022-02-17	$49.30	$50.00	21.4%	6.1%	21.2%	49.1%	18.2%	7.3%	0.2%	-109.0M	2.44B	-36.7M	2.11	10.77	79,274	166,898	1,950,675	3,292,887
2022-02-18	$48.85	$50.00	22.2%	6.4%	20.7%	54.7%	22.3%	7.3%	-0.1%	-152.4M	3.14B	-36.0M	4.31	35.44	57,045	245,889	1,966,225	3,321,739
2022-02-22	$48.05	$50.00	24.1%	7.1%	20.4%	67.4%	25.7%	7.6%	-0.3%	-188.0M	3.55B	-34.9M	2.47	17.67	126,294	311,374	1,623,097	2,992,347
2022-02-23	$47.46	$50.00	25.5%	7.5%	20.8%	76.6%	27.7%	8.0%	0.4%	-213.7M	4.34B	-34.7M	3.13	14.31	58,487	183,248	1,700,519	3,073,996
2022-02-24	$46.38	$50.00	27.4%	8.2%	21.7%	89.1%	31.8%	6.8%	-0.2%	-247.7M	5.43B	-33.5M	1.37	7.88	233,691	321,011	1,713,968	3,102,616
2022-02-25	$47.22	$50.00	24.8%	7.4%	22.5%	71.6%	30.7%	7.3%	-0.1%	-214.9M	4.66B	-34.2M	2.32	5.47	119,470	276,675	1,816,045	3,170,461
2022-02-28	$46.77	$50.00	27.3%	8.5%	22.7%	88.4%	33.1%	9.1%	0.0%	-190.5M	4.99B	-33.9M	2.74	7.57	103,997	285,158	1,867,973	3,188,822