EEM Options History — April 2024

In April 2024, EEM traded between $39.66 and $41.78. ATM implied volatility averaged 15.5%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 3.8% (HV 20d: 11.7%). Max pain ranged from $39.00 to $40.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.49.

Notable Days

  • 2024-04-01: Highest Volume — 461,975 contracts
  • 2024-04-04: Largest IV spike — 13.4% change
  • 2024-04-15: Highest IV Rank — 75.1%
  • 2024-04-19: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.80$39.66$41.78$41.14$41.05
Max Pain$39.43$39.00$40.00$39.00$39.00
ATM IV15.5%13.8%17.9%13.8%14.4%
Expected Move4.5%3.9%5.1%3.9%4.5%
HV 20d11.7%7.9%15.1%10.3%15.1%
HV 60d13.5%12.8%13.9%13.8%13.6%
IV Rank42.7%18.7%75.1%18.7%27.0%
IV Percentile40.1%5.6%89.7%5.6%15.5%
Term Structure-0.1%-0.7%0.3%0.1%0.0%
VWIV16.1%13.0%19.4%13.2%17.9%
Skew 25d2.1%1.2%3.7%1.2%1.7%
Skew 10d4.4%-8.8%16.3%0.8%3.7%
Call IV 25d14.5%13.4%16.3%13.4%13.8%
Put IV 25d16.7%14.5%19.5%14.5%15.5%
Bid-Ask Spread %78.6663.3695.0072.1383.31
Gamma HHI0.090.070.120.090.08
Net GEX14.2M-231.3M256.7M78.0M29.4M
Net DEX-1.26B-3.98B1.77B-2.32B-1.69B
Net VEX-60.5M-62.6M-57.9M-57.9M-60.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.035.930.032.11
Total Volume211,914.77382,444461,975461,975234,875
Total OI8,329,715.2277,826,1708,745,6437,826,1708,440,260

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$41.14$39.0013.8%3.9%10.3%18.7%13.2%1.2%0.1%78.0M-2.32B-57.9M0.0372.13448,01713,9583,087,1214,739,049
2024-04-02$41.28$39.0014.0%4.0%10.3%22.0%13.0%1.4%-0.2%111.1M-2.57B-58.6M2.6371.2528,53375,1213,092,5814,780,562
2024-04-03$41.34$39.0014.2%4.0%9.5%25.0%13.2%1.6%0.1%111.3M-2.67B-58.2M0.6470.52231,406149,0533,099,2594,818,082
2024-04-04$41.17$39.0016.1%4.5%8.2%51.2%15.7%1.9%-0.3%75.1M-2.47B-60.4M0.5467.16167,95889,9103,204,1214,886,214
2024-04-05$41.23$39.0015.4%4.5%7.9%41.8%15.7%2.0%-0.3%133.3M-2.76B-59.7M1.5163.36136,539206,8273,312,9524,891,565
2024-04-08$41.53$40.0014.8%4.3%8.2%33.3%18.6%1.8%0.1%201.1M-3.34B-59.7M0.3665.4898,01435,6943,393,3074,973,064
2024-04-09$41.78$40.0014.8%4.2%8.4%32.5%14.5%2.0%0.1%256.7M-3.98B-59.8M0.4668.19133,77662,0273,464,0444,951,024
2024-04-10$41.17$40.0015.2%4.4%9.3%38.7%14.4%1.9%-0.1%164.0M-2.52B-60.5M0.1167.50226,72624,2863,536,5254,998,425
2024-04-11$41.50$40.0014.4%4.1%9.6%27.1%14.6%1.7%0.2%194.0M-3.12B-59.2M5.9380.1117,501103,7143,373,6124,995,872
2024-04-12$40.53$40.0016.0%4.7%12.8%49.3%17.9%2.4%0.3%-48.8M-463.1M-61.5M1.0381.95102,766105,3603,376,2415,068,344
2024-04-15$40.25$40.0017.9%5.1%12.9%75.1%17.7%3.7%-0.1%-108.2M216.7M-61.4M2.2776.44105,213239,1923,392,9335,119,338
2024-04-16$39.80$39.5017.4%5.0%13.4%69.3%19.0%3.4%-0.1%-203.0M1.42B-60.8M2.5880.9170,975182,9663,367,8955,210,342
2024-04-17$39.73$40.0017.4%5.0%13.3%69.4%17.3%2.8%-0.7%-231.3M1.77B-61.8M1.2183.9038,66746,9703,433,9515,295,279
2024-04-18$39.89$40.0016.8%4.8%12.7%59.9%19.4%2.8%-0.0%-197.1M1.09B-61.3M4.9985.4513,76368,6813,460,8595,267,984
2024-04-19$39.66$40.0017.8%5.1%12.7%74.2%18.0%2.6%-0.3%-176.9M1.72B-61.1M0.4583.28288,155129,4963,465,6185,280,025
2024-04-22$40.16$39.0016.9%4.9%13.4%62.1%18.0%2.4%-0.5%-94.9M609.7M-62.6M0.8086.5791,33172,9383,190,9924,815,891
2024-04-23$40.48$39.0015.4%4.4%13.8%41.8%15.6%2.1%-0.3%-58.2M-311.6M-62.3M2.3590.9037,55088,2573,265,3914,910,859
2024-04-24$40.61$39.0015.1%4.4%13.8%36.8%14.9%2.4%-0.2%-37.7M-694.6M-61.1M0.8295.0066,88955,0853,298,6344,932,742
2024-04-25$40.70$39.0014.8%4.4%13.8%33.3%15.3%2.0%-0.6%-21.5M-885.4M-62.4M0.8390.7547,38039,3903,348,4284,967,992
2024-04-26$41.16$39.0014.1%4.2%14.3%23.3%15.4%1.8%0.1%38.0M-1.97B-60.7M0.2973.47116,21233,1673,353,4704,983,462
2024-04-29$41.50$39.0014.5%4.4%14.6%28.3%14.9%1.7%0.2%97.7M-2.77B-60.2M0.7292.8480,05857,7293,409,1045,000,322
2024-04-30$41.05$39.0014.4%4.5%15.1%27.0%17.9%1.7%0.0%29.4M-1.69B-60.1M2.1183.3175,452159,4233,404,3655,035,895