EEM Options History — July 2022

In July 2022, EEM traded between $38.44 and $40.15. ATM implied volatility averaged 22.9%, placing in the 36.0% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 1.2% (HV 20d: 21.6%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.00.

Notable Days

2022-07-18: Highest Volume — 856,775 contracts
2022-07-11: Largest IV spike — 15.9% change
2022-07-12: Highest IV Rank — 49.3%
2022-07-14: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.41	$38.44	$40.15	$39.82	$39.87
Max Pain	$40.15	$40.00	$41.00	$41.00	$40.00
ATM IV	22.9%	19.9%	25.9%	23.7%	19.9%
Expected Move	6.5%	5.4%	7.4%	6.4%	5.4%
HV 20d	21.6%	16.4%	27.3%	26.6%	18.0%
HV 60d	24.6%	24.1%	25.0%	24.1%	24.6%
IV Rank	36.0%	22.3%	49.3%	41.3%	22.3%
IV Percentile	66.0%	40.9%	86.1%	75.0%	40.9%
Term Structure	0.0%	-0.7%	0.7%	0.1%	0.2%
VWIV	22.6%	18.5%	26.4%	24.7%	20.2%
Skew 25d	4.9%	3.8%	5.8%	4.8%	4.2%
Skew 10d	8.5%	-4.1%	12.1%	9.2%	-4.1%
Call IV 25d	20.9%	18.2%	23.8%	21.9%	18.2%
Put IV 25d	25.8%	22.4%	29.4%	26.7%	22.4%
Bid-Ask Spread %	47.66	3.32	73.50	3.32	67.09
Gamma HHI	0.10	0.08	0.12	0.09	0.09
Net GEX	-57.2M	-159.5M	46.3M	-105.8M	46.3M
Net DEX	3.89B	2.77B	5.14B	4.17B	3.18B
Net VEX	-30.6M	-33.8M	-27.9M	-29.8M	-32.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	0.41	1.86	1.21	0.92
Total Volume	400,177.5	236,029	856,775	349,942	411,807
Total OI	5,386,281.65	4,889,209	5,925,073	4,889,209	5,925,073

Daily Data (20 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
2022-07-01	$39.82	$41.00	23.7%	6.4%	26.6%	41.3%	24.7%	4.8%	0.1%	-105.8M	4.17B	-29.8M	1.21	3.32	157,997	191,945	2,097,461	2,791,748
2022-07-05	$39.48	$41.00	25.2%	7.3%	26.3%	47.7%	26.0%	5.5%	0.1%	-111.6M	4.38B	-28.8M	1.19	32.84	182,505	217,589	2,119,311	2,777,715
2022-07-06	$39.33	$41.00	24.1%	7.1%	26.0%	41.4%	24.4%	5.0%	-0.1%	-116.1M	4.37B	-28.7M	1.86	47.96	118,719	220,690	2,192,609	2,765,182
2022-07-07	$40.11	$40.00	23.5%	6.7%	27.3%	38.7%	21.9%	3.9%	-0.0%	-77.3M	3.51B	-30.8M	0.66	63.25	210,205	139,632	2,240,797	2,768,617
2022-07-08	$40.07	$40.00	22.3%	6.4%	27.1%	33.3%	22.2%	3.8%	0.1%	-61.7M	3.45B	-31.5M	1.57	58.22	91,965	144,064	2,398,022	2,798,699
2022-07-11	$38.99	$40.00	25.9%	7.3%	26.5%	49.3%	26.4%	5.8%	-0.1%	-123.0M	4.48B	-28.8M	1.18	64.14	148,680	174,859	2,402,028	2,817,305
2022-07-12	$38.81	$40.00	25.9%	7.2%	26.3%	49.3%	24.1%	5.6%	-0.2%	-140.6M	4.78B	-28.2M	0.78	53.10	174,121	136,179	2,376,499	2,876,820
2022-07-13	$38.78	$40.00	24.5%	7.0%	22.9%	43.3%	24.6%	5.5%	-0.0%	-151.4M	4.82B	-27.9M	1.43	23.70	181,311	259,450	2,433,481	2,879,586
2022-07-14	$38.44	$40.00	25.3%	7.4%	22.4%	46.8%	26.1%	5.5%	0.7%	-159.5M	5.09B	-28.0M	1.13	35.59	223,653	253,369	2,520,640	2,923,311
2022-07-15	$38.62	$40.00	22.9%	6.4%	21.7%	35.9%	21.6%	5.5%	-0.7%	-130.5M	5.14B	-28.5M	0.76	65.64	322,550	245,078	2,547,445	3,039,447
2022-07-18	$38.86	$40.00	23.5%	6.7%	18.7%	38.9%	23.0%	4.7%	-0.1%	-57.0M	4.11B	-29.4M	0.41	48.92	606,732	250,043	2,222,292	2,702,939
2022-07-19	$39.53	$40.00	22.8%	6.5%	19.7%	35.7%	21.7%	5.5%	0.3%	-8.1M	3.33B	-32.6M	0.96	59.85	188,600	181,519	2,554,418	2,787,568
2022-07-20	$39.39	$40.00	22.3%	6.4%	18.6%	33.1%	21.2%	4.9%	-0.0%	-7.8M	3.48B	-31.7M	1.10	52.57	189,762	209,125	2,633,794	2,821,293
2022-07-21	$39.78	$40.00	21.0%	6.0%	17.8%	27.6%	19.8%	4.8%	0.4%	24.9M	3.09B	-32.7M	0.66	11.21	247,380	163,165	2,672,560	2,866,410
2022-07-22	$39.35	$40.00	20.4%	5.8%	18.1%	24.8%	19.7%	4.3%	0.6%	-4.2M	3.59B	-32.2M	0.61	54.75	237,675	144,820	2,833,529	2,915,146
2022-07-25	$39.52	$40.00	21.2%	5.9%	16.4%	28.3%	21.5%	4.6%	-0.0%	-2.9M	3.53B	-32.3M	0.71	59.51	209,793	149,112	2,795,487	2,910,423
2022-07-26	$39.24	$40.00	22.4%	6.3%	16.4%	33.6%	22.6%	5.1%	0.2%	-28.3M	3.82B	-31.2M	1.08	20.76	123,750	133,584	2,791,679	2,917,273
2022-07-27	$40.03	$40.00	20.3%	5.7%	18.0%	24.2%	20.9%	5.1%	-0.5%	30.0M	2.77B	-33.8M	0.89	73.50	234,142	208,751	2,794,983	2,941,575
2022-07-28	$40.15	$40.00	20.2%	5.7%	18.0%	23.8%	18.5%	4.2%	0.1%	40.0M	2.78B	-33.0M	0.81	57.33	176,730	142,499	2,870,534	3,001,934
2022-07-29	$39.87	$40.00	19.9%	5.4%	18.0%	22.3%	20.2%	4.2%	0.2%	46.3M	3.18B	-32.7M	0.92	67.09	214,704	197,103	2,897,285	3,027,788