EEM Options History — May 2024

In May 2024, EEM traded between $41.17 and $43.78. ATM implied volatility averaged 13.8%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 0.6% (HV 20d: 13.1%). Max pain ranged from $39.00 to $41.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.18.

Notable Days

  • 2024-05-31: Highest Volume — 442,975 contracts
  • 2024-05-13: Largest IV spike — 12.1% change
  • 2024-05-02: Highest IV Rank — 40.4%
  • 2024-05-02: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.71$41.17$43.78$41.17$41.72
Max Pain$40.64$39.00$41.00$39.00$41.00
ATM IV13.8%12.3%15.3%14.8%14.5%
Expected Move4.1%3.6%4.7%4.4%4.4%
HV 20d13.1%10.1%17.2%15.1%10.1%
HV 60d12.8%12.1%13.8%13.6%12.2%
IV Rank18.8%0.0%40.4%33.5%30.5%
IV Percentile11.8%0.0%37.3%24.6%25.4%
Term Structure1.4%-0.8%27.8%-0.0%0.1%
VWIV14.6%13.2%17.4%15.4%17.4%
Skew 25d1.5%0.6%4.2%1.6%1.9%
Skew 10d6.3%-2.4%26.7%1.1%7.3%
Call IV 25d13.3%11.9%14.8%13.7%14.1%
Put IV 25d14.8%13.5%18.1%15.3%16.1%
Bid-Ask Spread %101.1592.08109.3996.70107.83
Gamma HHI0.100.080.130.090.08
Net GEX225.2M-23.3M335.8M52.2M-23.3M
Net DEX-4.98B-8.41B-709.3M-2.04B-709.3M
Net VEX-57.4M-61.0M-54.0M-60.2M-61.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.096.061.381.31
Total Volume190,094.90977,358442,975237,385442,975
Total OI8,878,596.3648,449,7829,341,1748,498,8999,291,251

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$41.17$39.0014.8%4.4%15.1%33.5%15.4%1.6%-0.0%52.2M-2.04B-60.2M1.3896.7099,631137,7543,415,7835,083,116
2024-05-02$42.08$39.0015.3%4.7%17.0%40.4%16.2%1.4%-0.1%168.3M-4.13B-58.6M0.2692.80121,92931,4863,414,3575,041,118
2024-05-03$42.44$39.0013.8%4.1%17.2%19.0%14.1%0.9%0.1%256.9M-5.03B-57.5M0.32100.1699,41731,3453,489,7255,074,614
2024-05-06$42.47$40.5013.4%4.2%17.0%13.9%14.2%0.6%27.8%266.0M-5.01B-57.9M0.8697.1347,59441,0413,542,5055,092,992
2024-05-07$42.27$40.5013.1%4.1%17.0%9.9%14.0%1.1%1.2%249.2M-4.71B-57.6M0.8993.4493,78083,4643,557,6275,124,560
2024-05-08$42.28$40.5013.0%4.0%16.1%7.4%14.4%1.6%1.3%252.3M-4.70B-56.7M0.7392.64105,57077,4043,569,3265,155,574
2024-05-09$42.39$40.5013.3%4.0%15.9%12.3%14.8%1.0%1.4%267.3M-5.01B-56.9M0.9292.0873,37867,4303,590,8555,179,898
2024-05-10$42.50$41.0013.4%4.0%12.9%13.9%13.8%1.2%1.7%307.0M-5.30B-57.0M0.6497.54225,987145,2273,626,7295,212,530
2024-05-13$42.84$41.0015.0%4.2%12.6%36.2%15.2%1.4%-0.8%305.8M-6.04B-58.3M1.6798.3028,94648,4123,764,8935,313,912
2024-05-14$43.03$41.0014.5%4.1%11.4%29.2%14.8%1.6%-0.5%324.8M-6.66B-56.9M2.19100.6139,57286,5033,767,3355,361,397
2024-05-15$43.47$41.0014.3%4.0%11.4%26.6%13.7%1.8%-0.5%333.5M-7.62B-55.3M0.0998.26169,05314,5563,762,8285,434,081
2024-05-16$43.61$41.0014.1%4.0%11.4%23.8%15.0%1.4%0.0%328.9M-8.08B-54.0M0.69105.2996,22466,1003,840,6555,443,691
2024-05-17$43.78$41.0013.5%3.8%10.7%14.7%13.5%1.5%-0.7%335.8M-8.41B-54.1M1.48104.0060,95189,9353,865,0275,476,147
2024-05-20$43.64$41.0013.4%3.8%10.7%13.9%13.2%1.3%0.2%264.3M-6.14B-55.3M0.78103.88176,301136,7413,433,0195,016,763
2024-05-21$43.34$41.0013.1%3.7%11.3%9.6%14.6%1.4%0.0%260.6M-5.78B-55.9M1.04105.3048,27750,1013,527,1895,078,406
2024-05-22$43.20$41.0013.0%3.7%11.5%7.6%13.3%0.7%-0.2%258.1M-5.37B-57.1M0.84104.7154,25845,6563,572,8075,117,299
2024-05-23$42.89$41.0013.4%3.9%12.1%13.0%13.6%1.5%-0.0%223.7M-4.66B-57.3M0.42107.00177,88473,8963,595,8825,273,573
2024-05-24$43.00$41.0012.3%3.6%11.7%0.0%14.1%1.6%-0.1%209.3M-4.80B-57.8M6.06109.3946,782283,4463,611,3905,348,572
2024-05-28$42.92$41.0012.6%3.8%11.5%4.5%13.7%1.7%0.1%183.9M-4.37B-58.1M1.32107.7437,02548,9383,595,4265,423,647
2024-05-29$42.34$41.0014.1%4.3%11.9%25.0%15.1%4.2%-0.1%89.8M-2.77B-59.8M1.82107.1464,372117,3243,609,4795,448,763
2024-05-30$42.17$41.0014.4%4.5%12.1%29.1%16.8%1.1%-0.1%40.5M-2.21B-59.9M0.25103.36156,89138,5323,603,7615,580,618
2024-05-31$41.72$41.0014.5%4.4%10.1%30.5%17.4%1.9%0.1%-23.3M-709.3M-61.0M1.31107.83191,397251,5783,695,2635,595,988