EEM Options History — August 2022

In August 2022, EEM traded between $39.30 and $41.02. ATM implied volatility averaged 19.0%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 5.0% (HV 20d: 14.0%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 8 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 1.18.

Notable Days

2022-08-03: Highest Volume — 401,711 contracts
2022-08-22: Largest IV spike — 15.7% change
2022-08-01: Highest IV Rank — 32.1%
2022-08-01: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.09	$39.30	$41.02	$39.64	$39.52
Max Pain	$41.63	$40.00	$42.00	$40.00	$41.50
ATM IV	19.0%	16.7%	22.0%	22.0%	21.0%
Expected Move	5.4%	4.8%	6.3%	6.3%	5.8%
HV 20d	14.0%	10.8%	18.1%	18.1%	14.4%
HV 60d	21.3%	20.0%	24.5%	24.5%	20.0%
IV Rank	16.7%	5.4%	32.1%	32.1%	25.1%
IV Percentile	32.5%	11.5%	59.5%	59.5%	51.2%
Term Structure	0.2%	-0.6%	1.3%	-0.5%	0.3%
VWIV	19.4%	16.8%	24.6%	23.9%	21.2%
Skew 25d	4.0%	3.1%	4.9%	4.9%	4.0%
Skew 10d	7.4%	1.4%	10.0%	9.3%	7.3%
Call IV 25d	17.5%	15.2%	19.8%	19.8%	19.3%
Put IV 25d	21.5%	18.3%	24.7%	24.7%	23.3%
Bid-Ask Spread %	44.69	2.54	66.58	62.16	39.96
Gamma HHI	0.09	0.08	0.11	0.08	0.11
Net GEX	-33.8M	-149.6M	81.2M	-27.9M	-140.3M
Net DEX	3.41B	1.92B	4.87B	3.60B	4.55B
Net VEX	-33.0M	-34.4M	-31.9M	-32.4M	-32.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.18	0.22	2.59	2.11	1.22
Total Volume	205,441	44,386	401,711	391,823	379,456
Total OI	6,306,799.087	5,908,978	6,906,681	5,908,978	6,282,085

Daily Data (23 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
2022-08-01	$39.64	$40.00	22.0%	6.3%	18.1%	32.1%	23.9%	4.9%	-0.5%	-27.9M	3.60B	-32.4M	2.11	62.16	126,149	265,674	2,880,830	3,028,148
2022-08-02	$39.51	$40.00	21.6%	6.1%	17.8%	30.2%	24.6%	4.9%	-0.4%	-56.7M	3.90B	-31.9M	2.47	20.65	94,202	233,012	2,924,521	3,152,586
2022-08-03	$39.79	$40.00	19.9%	5.6%	17.9%	22.3%	21.9%	4.3%	-0.3%	-26.5M	3.57B	-32.7M	2.39	62.17	118,624	283,087	2,937,358	3,154,358
2022-08-04	$40.00	$42.00	19.5%	5.7%	16.6%	20.7%	19.9%	3.9%	-0.1%	-13.0M	3.38B	-33.1M	1.39	54.25	126,814	176,348	2,954,494	3,239,857
2022-08-05	$40.02	$42.00	18.5%	5.5%	16.6%	16.3%	17.9%	3.7%	0.0%	13.9M	3.44B	-32.9M	1.21	7.11	157,439	190,351	2,986,625	3,282,753
2022-08-08	$40.12	$42.00	18.6%	5.4%	13.1%	16.8%	20.3%	4.0%	0.2%	-25.9M	3.35B	-33.2M	1.47	56.28	134,282	197,546	3,001,585	3,327,174
2022-08-09	$39.94	$42.00	19.0%	5.6%	13.1%	18.3%	18.7%	4.2%	0.3%	-39.0M	3.52B	-32.6M	1.18	58.58	78,959	92,786	3,017,582	3,301,169
2022-08-10	$40.45	$42.00	17.4%	5.3%	13.6%	11.1%	17.3%	3.6%	1.2%	23.9M	2.80B	-33.9M	1.26	9.66	55,028	69,291	3,075,838	3,376,046
2022-08-11	$40.60	$42.00	17.5%	5.1%	13.0%	11.9%	18.2%	3.6%	0.6%	38.4M	2.62B	-33.5M	0.45	4.79	98,639	44,042	3,092,350	3,383,662
2022-08-12	$41.02	$42.00	16.7%	5.0%	13.3%	6.4%	17.3%	3.1%	1.2%	81.2M	1.92B	-34.4M	0.22	2.54	106,666	23,748	3,151,883	3,415,864
2022-08-15	$40.86	$42.00	17.1%	5.0%	13.4%	7.7%	17.6%	3.8%	0.9%	68.7M	2.10B	-34.1M	0.52	59.60	83,758	43,228	3,177,312	3,405,730
2022-08-16	$40.89	$42.00	17.1%	4.9%	12.3%	6.7%	18.3%	4.0%	0.7%	73.1M	2.11B	-33.8M	0.78	37.60	28,878	22,588	3,234,021	3,424,897
2022-08-17	$40.68	$42.00	16.8%	4.8%	12.4%	5.4%	16.8%	3.8%	1.3%	67.9M	2.36B	-33.3M	0.63	66.58	167,347	104,976	3,243,406	3,430,769
2022-08-18	$40.44	$42.00	17.5%	5.0%	12.3%	8.8%	17.0%	3.5%	0.3%	10.7M	2.80B	-32.8M	1.44	58.84	121,017	174,210	3,207,994	3,468,361
2022-08-19	$39.85	$42.00	17.5%	4.9%	12.8%	8.5%	18.2%	3.8%	1.3%	-84.6M	4.04B	-32.4M	0.89	62.36	113,787	101,541	3,283,276	3,623,405
2022-08-22	$39.52	$42.00	20.2%	5.7%	13.1%	21.2%	20.4%	4.4%	-0.6%	-143.6M	4.46B	-32.2M	2.59	57.95	12,378	32,008	2,617,303	3,337,955
2022-08-23	$39.74	$42.00	19.6%	5.5%	13.0%	18.3%	18.2%	4.5%	-0.5%	-119.3M	4.20B	-32.3M	0.52	64.25	94,038	49,313	2,640,487	3,332,167
2022-08-24	$39.80	$42.00	18.9%	5.2%	10.8%	15.2%	17.6%	3.9%	-0.1%	-115.0M	4.10B	-32.0M	1.27	52.04	44,664	56,743	2,662,005	3,356,140
2022-08-25	$40.59	$42.00	18.2%	5.0%	12.9%	12.1%	19.7%	3.8%	-0.5%	-48.7M	2.94B	-34.2M	0.79	48.66	54,518	43,035	2,695,652	3,427,764
2022-08-26	$40.00	$41.50	20.2%	5.7%	13.7%	21.1%	18.7%	3.4%	-0.0%	-54.2M	3.81B	-33.4M	0.39	41.75	71,349	27,979	2,723,694	3,434,317
2022-08-29	$39.83	$41.00	20.4%	5.8%	13.7%	22.0%	21.3%	4.6%	0.3%	-111.6M	4.01B	-32.9M	0.35	62.29	80,791	28,342	2,732,732	3,412,610
2022-08-30	$39.30	$41.50	21.2%	6.0%	14.5%	25.7%	21.9%	4.8%	-0.1%	-149.6M	4.87B	-31.9M	1.59	37.86	44,972	71,540	2,792,955	3,424,659
2022-08-31	$39.52	$41.50	21.0%	5.8%	14.4%	25.1%	21.2%	4.0%	0.3%	-140.3M	4.55B	-32.4M	1.22	39.96	171,182	208,274	2,818,363	3,463,722