EEM Options History — October 2023

In October 2023, EEM traded between $36.50 and $38.42. ATM implied volatility averaged 17.8%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 3.8% (HV 20d: 14.0%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 2.10.

Notable Days

2023-10-19: Highest Volume — 376,768 contracts
2023-10-09: Largest IV spike — 9.8% change
2023-10-26: Highest IV Rank — 41.2%
2023-10-03: Largest Expected Move — 5.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.39	$36.50	$38.42	$37.75	$36.69
Max Pain	$33.55	$33.00	$35.00	$35.00	$33.00
ATM IV	17.8%	16.3%	19.3%	17.7%	18.1%
Expected Move	5.2%	4.7%	5.7%	5.2%	5.3%
HV 20d	14.0%	11.6%	16.0%	11.6%	15.6%
HV 60d	14.4%	13.2%	15.2%	15.0%	13.6%
IV Rank	31.2%	21.4%	41.2%	29.8%	36.0%
IV Percentile	51.3%	26.6%	69.0%	47.2%	58.7%
Term Structure	-0.0%	-0.8%	0.4%	-0.2%	0.2%
VWIV	19.1%	16.4%	23.2%	22.7%	19.2%
Skew 25d	3.5%	2.9%	4.0%	3.5%	3.1%
Skew 10d	7.1%	5.7%	8.3%	7.1%	6.7%
Call IV 25d	16.3%	15.0%	17.9%	16.0%	16.4%
Put IV 25d	19.8%	18.1%	21.7%	19.4%	19.6%
Bid-Ask Spread %	6.39	2.50	31.45	3.79	3.42
Gamma HHI	0.11	0.10	0.12	0.10	0.11
Net GEX	-263.9M	-326.9M	-196.3M	-248.8M	-275.2M
Net DEX	2.46B	694.0M	3.90B	2.20B	3.38B
Net VEX	-37.2M	-38.5M	-35.0M	-38.5M	-35.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.10	0.43	5.82	0.76	2.03
Total Volume	183,534.545	73,912	376,768	127,644	241,847
Total OI	7,196,440.273	6,717,588	7,740,848	6,941,771	6,985,375

Daily Data (22 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
2023-10-02	$37.75	$35.00	17.7%	5.2%	11.6%	29.8%	22.7%	3.5%	-0.2%	-248.8M	2.20B	-38.5M	0.76	3.79	72,326	55,318	2,799,107	4,142,664
2023-10-03	$37.28	$35.00	19.3%	5.7%	12.0%	38.9%	21.7%	3.8%	-0.4%	-257.3M	2.82B	-38.4M	1.38	3.69	60,192	83,302	2,812,041	4,151,975
2023-10-04	$37.16	$35.00	19.0%	5.6%	12.0%	36.9%	17.5%	3.8%	-0.2%	-284.7M	2.89B	-37.7M	1.79	6.51	79,681	142,847	2,875,763	4,220,706
2023-10-05	$37.30	$34.00	17.9%	5.2%	11.7%	30.8%	20.4%	3.5%	-0.2%	-282.7M	2.56B	-37.9M	1.87	3.31	68,896	128,931	2,927,424	4,234,565
2023-10-06	$37.88	$34.00	16.4%	4.7%	13.1%	21.9%	16.5%	2.9%	-0.2%	-246.6M	1.62B	-37.7M	0.43	2.50	61,097	26,328	2,939,417	4,324,123
2023-10-09	$37.63	$34.00	18.0%	5.2%	12.4%	31.1%	18.2%	3.3%	0.3%	-254.4M	2.04B	-38.2M	2.30	3.26	22,371	51,541	2,965,113	4,314,291
2023-10-10	$38.23	$34.00	17.1%	5.0%	13.9%	26.3%	19.0%	3.1%	0.3%	-214.5M	1.10B	-37.7M	1.29	3.15	61,329	79,210	2,981,836	4,319,342
2023-10-11	$38.42	$34.00	16.3%	4.8%	14.0%	21.4%	16.4%	3.4%	0.4%	-196.3M	694.0M	-38.0M	3.14	16.21	21,776	68,341	3,044,747	4,353,422
2023-10-12	$38.03	$34.00	16.7%	4.8%	14.1%	23.6%	21.4%	3.2%	0.1%	-239.4M	1.39B	-37.5M	1.50	3.66	76,757	115,216	3,051,104	4,360,419
2023-10-13	$37.84	$33.00	17.5%	5.0%	14.1%	28.3%	18.2%	3.5%	0.2%	-258.8M	1.64B	-37.8M	3.30	7.06	48,072	158,608	3,095,398	4,391,338
2023-10-16	$38.16	$33.00	16.8%	4.8%	14.5%	24.3%	17.4%	2.9%	-0.1%	-249.2M	1.02B	-38.2M	1.06	10.94	59,158	62,618	3,113,352	4,442,010
2023-10-17	$38.03	$33.00	17.3%	5.0%	14.5%	27.2%	17.4%	3.7%	-0.6%	-259.8M	1.27B	-37.7M	1.93	3.59	42,770	82,749	3,144,781	4,463,132
2023-10-18	$37.41	$33.00	17.8%	5.1%	15.5%	30.0%	17.5%	3.5%	-0.3%	-317.5M	2.34B	-37.3M	2.65	3.99	63,532	168,173	3,165,743	4,495,155
2023-10-19	$37.23	$33.00	18.6%	5.4%	14.4%	35.0%	23.2%	4.0%	-0.8%	-326.9M	2.58B	-37.1M	0.49	8.48	252,328	124,440	3,158,697	4,495,094
2023-10-20	$36.80	$33.00	18.6%	5.4%	14.2%	34.7%	19.5%	4.0%	-0.6%	-274.7M	3.28B	-36.9M	3.16	31.45	51,646	163,369	3,206,659	4,534,189
2023-10-23	$36.77	$33.00	18.0%	5.3%	14.2%	31.4%	23.2%	3.6%	0.1%	-273.1M	3.75B	-36.1M	1.19	3.31	76,740	91,668	2,653,313	4,064,275
2023-10-24	$37.27	$33.00	17.4%	5.1%	14.5%	27.8%	18.6%	3.4%	0.2%	-260.2M	3.06B	-36.4M	1.03	2.78	81,723	84,514	2,647,539	4,116,333
2023-10-25	$36.75	$33.00	18.6%	5.6%	15.3%	35.1%	16.5%	3.7%	0.2%	-277.3M	3.73B	-36.8M	5.82	4.10	28,043	163,143	2,704,474	4,172,665
2023-10-26	$36.53	$33.00	18.9%	5.6%	15.2%	41.2%	18.6%	3.5%	0.1%	-279.8M	3.90B	-36.1M	4.30	4.32	56,971	245,220	2,719,501	4,119,425
2023-10-27	$36.50	$33.00	18.7%	5.5%	15.2%	40.0%	19.2%	3.3%	0.3%	-265.8M	3.69B	-35.3M	3.38	7.47	54,496	183,977	2,732,531	4,032,026
2023-10-30	$36.95	$33.00	17.9%	5.4%	16.0%	35.2%	18.2%	3.3%	0.1%	-261.7M	3.05B	-35.5M	1.35	3.58	75,099	101,397	2,763,086	4,087,536
2023-10-31	$36.69	$33.00	18.1%	5.3%	15.6%	36.0%	19.2%	3.1%	0.2%	-275.2M	3.38B	-35.0M	2.03	3.42	79,696	162,151	2,832,042	4,153,333