EEM Options History — July 2024

In July 2024, EEM traded between $42.03 and $44.53. ATM implied volatility averaged 13.6%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.9% (HV 20d: 10.7%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.14.

Notable Days

  • 2024-07-19: Highest Volume — 223,849 contracts
  • 2024-07-18: Largest IV spike — 7.3% change
  • 2024-07-25: Highest IV Rank — 43.8%
  • 2024-07-30: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.20$42.03$44.53$42.64$43.00
Max Pain$42.52$41.00$43.00$41.00$43.00
ATM IV13.6%12.1%15.4%13.5%14.3%
Expected Move4.0%3.5%4.6%3.8%4.3%
HV 20d10.7%6.8%15.3%12.3%15.3%
HV 60d12.5%11.6%13.4%13.3%12.5%
IV Rank19.2%0.0%43.8%15.9%28.9%
IV Percentile17.1%0.0%50.4%8.7%26.6%
Term Structure0.4%-0.5%5.7%0.3%-0.2%
VWIV14.2%12.4%17.6%13.1%15.3%
Skew 25d1.4%0.7%2.3%1.3%1.5%
Skew 10d3.4%1.5%10.2%2.4%3.2%
Call IV 25d13.4%12.3%14.8%13.3%13.9%
Put IV 25d14.9%13.0%16.6%14.5%15.4%
Bid-Ask Spread %76.1067.6487.2970.0376.41
Gamma HHI0.100.070.130.080.09
Net GEX150.8M-12.4M281.3M98.2M133.9M
Net DEX-4.54B-8.03B-1.35B-3.41B-3.91B
Net VEX-49.4M-54.9M-44.0M-54.9M-49.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.332.550.330.81
Total Volume123,780.27330,078223,84930,07897,744
Total OI8,097,611.9557,723,0338,420,5988,028,6198,126,573

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$42.64$41.0013.5%3.8%12.3%15.9%13.1%1.3%0.3%98.2M-3.41B-54.9M0.3370.0322,6977,3813,212,6394,815,980
2024-07-02$42.83$41.0012.9%3.5%11.7%8.6%12.4%1.6%0.6%133.9M-3.83B-53.3M0.5978.7231,57118,4723,208,4204,822,707
2024-07-03$43.39$41.0013.0%3.6%11.1%9.0%12.6%1.0%-0.1%187.2M-5.25B-50.7M0.6887.2948,90033,0393,220,6074,831,054
2024-07-05$43.64$42.0012.8%3.7%10.1%6.7%13.1%1.6%0.4%220.0M-5.83B-49.1M2.5570.3523,14658,9433,247,6824,824,782
2024-07-08$43.64$42.0012.5%3.7%10.0%2.9%12.6%1.1%0.4%226.4M-5.70B-49.4M0.5280.9991,86647,7303,246,8274,825,295
2024-07-09$43.83$42.0012.6%3.6%8.7%3.9%12.9%0.7%-0.1%268.9M-6.28B-47.9M1.4880.6575,432111,3863,301,3034,831,959
2024-07-10$44.05$42.5012.8%3.7%8.6%6.1%13.4%1.2%0.2%250.3M-6.60B-47.3M1.1378.0556,52763,9353,285,2044,831,260
2024-07-11$44.33$42.5012.7%3.7%7.2%5.4%15.2%0.9%0.1%260.6M-7.43B-45.5M1.7975.7861,063109,2193,323,1644,891,159
2024-07-12$44.53$42.5012.1%3.6%6.8%0.0%12.9%0.7%0.2%272.2M-8.03B-44.0M0.9067.6468,60961,4463,379,4534,800,412
2024-07-15$44.05$43.0012.8%3.7%8.3%10.0%13.5%1.1%-0.4%262.6M-6.92B-46.3M1.0176.7947,10447,5323,412,7554,839,347
2024-07-16$44.25$43.0012.5%3.6%8.3%5.4%13.6%0.9%0.5%281.3M-7.49B-44.9M1.2575.7869,96587,5313,443,1814,864,673
2024-07-17$43.61$43.0013.3%3.8%10.0%16.4%13.7%1.8%0.5%254.7M-5.98B-47.7M2.1077.3236,65176,7883,467,4224,889,488
2024-07-18$43.20$43.0014.3%4.1%10.4%29.4%13.9%1.7%0.2%189.5M-4.81B-48.1M0.7474.8876,75757,0363,483,4124,937,186
2024-07-19$42.77$43.0014.1%4.0%11.0%26.3%14.1%1.5%0.2%68.6M-3.44B-50.8M0.6172.42138,96884,8813,475,1654,943,058
2024-07-22$43.09$43.0014.2%4.2%11.2%28.2%14.6%2.3%0.1%93.5M-3.69B-48.7M1.4773.3147,61170,1653,172,8984,550,135
2024-07-23$42.72$43.0014.3%4.2%11.7%29.5%14.9%1.9%0.4%56.8M-2.91B-50.1M1.7577.1746,58381,3463,218,0534,610,689
2024-07-24$42.16$43.0015.2%4.5%12.5%40.7%15.4%1.6%5.7%562.8K-1.59B-51.6M0.7573.44123,50092,1163,264,4224,638,701
2024-07-25$42.03$43.0015.4%4.5%12.5%43.8%15.6%1.7%-0.3%-12.4M-1.40B-52.6M1.4474.2248,04369,3213,262,9084,629,146
2024-07-26$42.34$43.0014.6%4.4%12.8%33.8%15.4%1.7%0.3%37.8M-2.09B-51.0M1.1071.8266,03972,5683,320,2664,629,299
2024-07-29$42.27$43.0014.7%4.5%12.8%34.6%17.6%1.9%-0.4%29.6M-1.97B-51.9M1.3881.3521,15129,1373,345,1604,664,918
2024-07-30$42.03$43.0014.9%4.6%12.9%37.0%16.8%2.0%-0.5%4.1M-1.35B-51.4M0.6579.6986,74956,5183,372,3634,686,338
2024-07-31$43.00$43.0014.3%4.3%15.3%28.9%15.3%1.5%-0.2%133.9M-3.91B-49.7M0.8176.4154,05843,6863,408,4654,718,108