EEM Options History — April 2022

In April 2022, EEM traded between $41.26 and $46.66. ATM implied volatility averaged 22.8%, placing in the 38.2% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 1.9% (HV 20d: 24.7%). Max pain ranged from $45.50 to $47.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 2.98.

Notable Days

  • 2022-04-29: Highest Volume — 555,713 contracts
  • 2022-04-21: Largest IV spike — 18.1% change
  • 2022-04-27: Highest IV Rank — 56.7%
  • 2022-04-29: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.90$41.26$46.66$45.75$42.49
Max Pain$46.00$45.50$47.00$46.00$45.50
ATM IV22.8%19.5%27.1%20.0%27.0%
Expected Move6.6%5.8%7.9%5.9%7.9%
HV 20d24.7%16.4%37.2%37.2%18.8%
HV 60d27.3%26.6%28.1%27.6%26.7%
IV Rank38.2%23.8%56.7%25.9%56.4%
IV Percentile81.7%66.7%93.7%71.0%93.3%
Term Structure-0.1%-0.8%0.9%0.9%-0.8%
VWIV23.2%18.8%31.3%21.8%26.6%
Skew 25d6.7%5.2%8.5%5.2%7.5%
Skew 10d14.8%10.2%27.3%10.2%19.3%
Call IV 25d20.1%17.2%24.0%17.4%23.9%
Put IV 25d26.8%22.6%32.3%22.6%31.3%
Bid-Ask Spread %33.084.2957.4449.9353.61
Gamma HHI0.100.070.160.080.08
Net GEX-154.7M-218.9M-34.7M-84.0M-171.5M
Net DEX5.25B2.83B7.22B3.69B6.11B
Net VEX-29.6M-32.2M-27.1M-31.2M-30.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.980.735.603.371.77
Total Volume356,722138,115555,713312,600555,713
Total OI4,746,935.94,336,9885,472,2624,442,3665,472,262

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$45.75$46.0020.0%5.9%37.2%25.9%21.8%5.2%0.9%-84.0M3.69B-31.2M3.3749.9371,489241,1111,743,7802,698,586
2022-04-04$46.66$46.0019.5%5.8%35.2%23.8%19.0%5.8%0.2%-34.7M2.83B-32.2M2.7446.4860,261165,0221,759,7382,717,610
2022-04-05$45.81$46.0020.9%6.1%36.1%30.1%27.0%6.1%0.1%-78.9M3.63B-31.5M3.9045.1038,662150,7321,778,2812,725,248
2022-04-06$45.32$46.0022.0%6.4%35.0%34.6%21.1%6.6%-0.0%-108.8M4.11B-30.8M4.1540.5458,797243,7711,789,7992,744,819
2022-04-07$45.05$46.5022.7%6.6%34.2%37.5%22.1%6.6%-0.0%-135.1M4.48B-30.7M2.3910.15111,793267,1311,809,3132,802,618
2022-04-08$45.02$45.5021.0%6.1%33.2%30.2%20.0%6.3%0.4%-154.9M4.55B-30.9M2.7024.84106,876288,5891,859,8602,849,454
2022-04-11$44.40$46.0023.1%6.5%32.1%39.5%22.5%7.0%-0.5%-158.5M5.11B-30.1M1.9422.1497,277189,1211,872,5842,870,745
2022-04-12$44.26$46.0022.2%6.3%32.2%35.7%20.3%6.9%-0.2%-177.0M5.33B-29.4M1.7720.39114,412202,2001,861,1862,884,448
2022-04-13$44.85$46.0020.3%5.9%19.1%27.2%18.8%6.0%0.2%-178.6M4.80B-30.4M2.8129.17104,339293,4151,898,6412,914,500
2022-04-14$44.29$47.0020.8%6.0%19.6%29.7%19.8%6.1%0.5%-154.6M5.47B-30.0M1.9239.35123,837237,6391,948,9623,006,313
2022-04-18$44.05$46.0022.4%6.4%18.8%36.3%23.6%6.9%-0.0%-126.9M4.83B-29.2M4.9551.6053,193263,3461,657,5292,679,459
2022-04-19$43.81$46.0020.6%5.9%17.9%28.7%21.0%6.3%0.5%-152.1M5.23B-29.1M4.898.5350,248245,6631,667,1262,773,630
2022-04-20$43.65$46.0020.6%5.9%16.4%28.6%19.8%5.5%0.3%-161.5M5.34B-28.2M2.755.6581,649224,9341,675,6272,772,750
2022-04-21$42.72$46.0024.3%7.0%17.8%44.7%23.9%6.5%-0.6%-167.1M5.89B-27.3M5.6019.4359,876335,5921,705,6122,781,833
2022-04-22$42.50$46.0024.7%7.1%17.7%46.3%25.0%6.9%-0.4%-202.1M6.23B-28.3M1.5441.32200,550309,0341,761,3092,961,708
2022-04-25$42.09$46.0025.9%7.5%17.7%51.5%27.3%6.9%-0.5%-200.9M6.68B-27.5M5.1057.4491,035464,3801,860,2633,045,282
2022-04-26$41.26$46.0026.4%7.9%18.5%53.7%31.3%8.4%0.1%-209.4M7.22B-27.1M2.474.29127,411314,6661,898,6613,180,367
2022-04-27$41.74$46.0027.1%7.9%17.7%56.7%26.0%8.5%-0.3%-218.9M6.95B-28.2M0.7350.6079,86458,2511,939,3453,253,977
2022-04-28$42.19$45.5025.1%7.3%18.5%47.9%26.6%7.6%-0.8%-218.1M6.59B-29.0M2.1740.96142,930309,6312,011,2463,304,247
2022-04-29$42.49$45.5027.0%7.9%18.8%56.4%26.6%7.5%-0.8%-171.5M6.11B-30.6M1.7753.61200,941354,7722,079,9623,392,300