EEM Options History — May 2022

In May 2022, EEM traded between $39.35 and $43.10. ATM implied volatility averaged 25.3%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 1.2% (HV 20d: 24.0%). Max pain ranged from $45.50 to $50.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.89.

Notable Days

  • 2022-05-31: Highest Volume — 586,379 contracts
  • 2022-05-05: Largest IV spike — 26.6% change
  • 2022-05-09: Highest IV Rank — 69.1%
  • 2022-05-09: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.10$39.35$43.10$42.27$42.80
Max Pain$49.36$45.50$50.00$45.50$50.00
ATM IV25.3%20.7%30.0%27.1%20.9%
Expected Move7.3%6.2%8.5%8.2%6.2%
HV 20d24.0%16.4%28.2%18.1%28.2%
HV 60d28.2%26.7%29.1%26.7%28.7%
IV Rank48.8%29.2%69.1%56.5%29.9%
IV Percentile84.6%62.7%96.8%93.3%63.9%
Term Structure-0.1%-2.0%3.0%-0.0%0.0%
VWIV26.4%21.7%32.5%27.0%23.3%
Skew 25d6.2%4.8%7.9%7.5%4.8%
Skew 10d11.4%4.0%16.9%14.5%16.9%
Call IV 25d22.6%17.3%26.7%24.1%19.4%
Put IV 25d28.8%23.4%34.5%31.6%24.2%
Bid-Ask Spread %31.974.5962.056.4356.95
Gamma HHI0.120.090.230.100.11
Net GEX-202.3M-318.4M-112.4M-165.8M-112.4M
Net DEX7.30B5.56B8.84B6.23B5.56B
Net VEX-27.7M-30.2M-24.9M-30.2M-29.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.891.164.711.841.46
Total Volume379,662.619235,715586,379235,715586,379
Total OI6,007,901.195,596,6676,518,0545,596,6676,098,534

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$42.27$45.5027.1%8.2%18.1%56.5%27.0%7.5%-0.0%-165.8M6.23B-30.2M1.846.4383,014152,7012,185,6933,410,974
2022-05-03$42.55$45.5025.2%7.6%16.4%48.3%30.4%6.3%0.3%-172.4M5.98B-29.6M1.6250.48167,457271,9912,200,9423,409,856
2022-05-04$43.10$45.5022.4%6.6%16.6%36.6%24.4%6.0%0.9%-148.2M5.70B-29.9M2.034.59100,912205,0252,304,3993,444,605
2022-05-05$41.43$50.0028.4%8.1%21.0%62.4%32.5%7.9%-0.0%-201.3M7.16B-28.5M2.1862.05120,023261,3302,344,6933,471,456
2022-05-06$40.95$50.0026.2%7.5%21.1%52.7%24.7%7.0%0.8%-318.4M7.72B-26.9M1.4846.91103,797153,7552,375,0203,524,061
2022-05-09$39.84$50.0030.0%8.5%22.5%69.1%32.4%7.9%-0.1%-205.1M8.21B-25.0M4.7135.8872,846342,8832,353,5923,441,118
2022-05-10$39.88$50.0029.1%8.1%22.5%65.3%27.8%7.3%-0.7%-224.5M8.39B-25.6M1.8415.00117,253215,7412,370,2683,593,959
2022-05-11$39.71$50.0028.5%7.9%22.5%62.9%27.5%6.7%-1.1%-224.1M8.60B-25.4M1.9653.79109,121213,8722,402,8363,635,141
2022-05-12$39.35$50.0028.8%8.4%21.4%63.9%25.2%6.5%0.7%-224.9M8.84B-24.9M1.1624.02225,223261,3912,416,8513,656,754
2022-05-13$40.47$50.0025.9%7.5%24.5%51.3%27.9%6.2%0.2%-252.4M8.12B-27.6M1.8620.85193,443359,6242,515,6393,777,436
2022-05-16$40.28$50.0025.8%7.4%24.5%51.0%24.8%5.9%-1.5%-237.5M8.36B-27.1M1.9826.93133,317263,9972,506,8413,771,502
2022-05-17$41.28$50.0024.0%6.9%26.6%43.3%24.1%5.6%-2.0%-226.0M7.50B-27.7M1.1822.69145,134171,0732,543,7203,777,617
2022-05-18$40.35$50.0026.5%7.6%27.5%54.1%26.9%6.0%-1.5%-229.1M8.33B-26.9M2.2511.49122,655275,9472,574,2353,778,402
2022-05-19$41.04$50.0025.0%7.2%27.6%47.6%24.8%6.2%-0.9%-231.1M7.71B-27.6M1.357.96151,792205,2182,578,4433,872,220
2022-05-20$41.07$50.0023.8%6.9%27.6%42.5%27.6%5.6%-0.1%-211.2M7.66B-27.5M3.0361.56114,423346,2342,625,8723,892,182
2022-05-23$41.40$50.0022.9%6.7%27.6%38.4%24.2%6.1%1.0%-174.0M6.52B-28.2M1.815.8295,109172,3582,126,3383,547,490
2022-05-24$40.80$50.0024.1%7.2%27.2%43.9%26.1%5.1%-0.0%-195.9M7.17B-27.2M1.5734.46115,621181,5522,151,9903,615,345
2022-05-25$40.92$50.0023.4%6.9%26.9%40.5%24.9%5.1%-0.2%-196.6M6.99B-27.9M1.6510.82127,345210,5192,209,7633,644,106
2022-05-26$41.63$50.0022.4%6.7%27.3%36.2%26.0%5.4%-0.5%-156.1M6.38B-28.8M1.3053.35219,936286,1762,257,5623,675,075
2022-05-27$42.01$50.0020.7%6.3%27.4%29.2%21.7%6.1%3.0%-141.5M6.16B-29.0M1.4559.35129,061187,6672,349,8603,733,535
2022-05-31$42.80$50.0020.9%6.2%28.2%29.9%23.3%4.8%0.0%-112.4M5.56B-29.9M1.4656.95238,276348,1032,361,5003,737,034