EEM Options History — August 2024

In August 2024, EEM traded between $40.39 and $43.80. ATM implied volatility averaged 16.3%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 3.5% (HV 20d: 19.9%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 2.23.

Notable Days

2024-08-06: Highest Volume — 302,597 contracts
2024-08-02: Largest IV spike — 31.4% change
2024-08-02: Highest IV Rank — 100.0%
2024-08-05: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.64	$40.39	$43.80	$42.19	$43.34
Max Pain	$41.18	$41.00	$43.00	$43.00	$41.00
ATM IV	16.3%	13.2%	25.6%	16.1%	13.9%
Expected Move	4.7%	3.8%	7.1%	5.0%	3.9%
HV 20d	19.9%	16.0%	21.5%	16.0%	17.6%
HV 60d	15.2%	13.1%	16.0%	13.1%	15.2%
IV Rank	34.0%	8.3%	100.0%	53.0%	13.0%
IV Percentile	54.4%	9.5%	100.0%	64.7%	19.8%
Term Structure	0.2%	-6.9%	10.6%	-0.9%	-0.9%
VWIV	17.6%	13.7%	28.4%	17.9%	13.7%
Skew 25d	3.9%	2.3%	7.8%	2.3%	2.7%
Skew 10d	8.7%	2.7%	24.0%	6.3%	4.4%
Call IV 25d	14.8%	12.3%	21.5%	15.2%	12.8%
Put IV 25d	18.7%	15.4%	28.6%	17.4%	15.5%
Bid-Ask Spread %	65.20	47.68	98.50	77.39	63.57
Gamma HHI	0.08	0.07	0.11	0.08	0.10
Net GEX	56.2M	-157.3M	199.5M	17.2M	114.1M
Net DEX	-2.59B	-5.37B	2.72B	-1.60B	-4.29B
Net VEX	-49.6M	-56.3M	-45.2M	-52.2M	-46.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.23	0.25	10.24	1.86	1.58
Total Volume	164,496.773	57,751	302,597	162,593	116,362
Total OI	8,367,181.182	8,048,227	8,715,131	8,185,029	8,417,351

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
2024-08-01	$42.19	$43.00	16.1%	5.0%	16.0%	53.0%	17.9%	2.3%	-0.9%	17.2M	-1.60B	-52.2M	1.86	77.39	56,805	105,788	3,434,251	4,750,778
2024-08-02	$41.56	$43.00	21.2%	6.0%	16.4%	100.0%	22.0%	2.7%	-6.9%	-80.5M	-21.6M	-53.0M	3.01	98.50	52,634	158,388	3,457,769	4,802,450
2024-08-05	$40.39	$41.00	25.6%	7.1%	18.8%	100.0%	28.4%	7.1%	0.2%	-145.1M	2.72B	-56.3M	3.42	57.82	52,853	180,685	3,460,591	4,840,050
2024-08-06	$40.77	$41.00	17.8%	5.7%	19.2%	42.4%	20.8%	7.8%	-0.4%	-157.3M	2.05B	-54.7M	4.01	47.68	60,350	242,247	3,486,916	4,839,833
2024-08-07	$41.00	$41.00	19.6%	5.7%	19.2%	55.8%	19.3%	5.3%	0.7%	-132.4M	1.49B	-54.0M	1.99	54.46	63,989	127,137	3,505,109	4,890,961
2024-08-08	$41.80	$41.00	18.4%	5.4%	20.6%	46.6%	21.1%	6.5%	-0.9%	-61.5M	-369.3M	-54.2M	2.11	55.81	46,979	98,906	3,507,370	4,927,901
2024-08-09	$42.05	$41.00	20.2%	5.3%	20.7%	60.4%	20.5%	4.3%	10.6%	-37.2M	-1.05B	-53.3M	1.48	61.38	72,485	107,067	3,537,536	4,967,163
2024-08-12	$42.20	$41.00	18.0%	5.2%	20.6%	43.8%	16.5%	4.3%	0.1%	-18.8M	-1.26B	-52.9M	1.67	61.17	33,414	55,766	3,541,934	5,008,766
2024-08-13	$42.66	$41.00	17.1%	4.9%	21.0%	36.7%	17.3%	4.1%	0.3%	69.9M	-2.69B	-51.5M	0.80	58.47	96,681	77,254	3,568,871	5,025,859
2024-08-14	$42.41	$41.00	15.8%	4.5%	20.5%	27.2%	18.7%	2.9%	-0.0%	14.5M	-2.13B	-50.7M	2.31	64.43	73,210	169,410	3,596,940	5,068,332
2024-08-15	$42.95	$41.00	13.8%	4.1%	20.9%	12.8%	15.4%	3.4%	0.3%	168.8M	-3.56B	-49.1M	2.97	58.85	64,664	191,999	3,607,284	5,058,827
2024-08-16	$43.36	$41.00	13.2%	3.8%	20.8%	8.3%	14.4%	2.7%	0.1%	199.5M	-4.84B	-47.2M	1.96	61.05	62,936	123,212	3,627,661	5,087,470
2024-08-19	$43.78	$41.00	13.3%	3.8%	20.9%	8.9%	15.1%	3.5%	-0.2%	168.7M	-5.30B	-45.3M	1.22	64.21	48,709	59,320	3,278,334	4,769,893
2024-08-20	$43.50	$41.00	14.3%	4.1%	20.8%	16.4%	14.7%	3.1%	0.7%	151.5M	-4.71B	-46.0M	0.26	65.48	90,684	23,251	3,318,035	4,779,072
2024-08-21	$43.66	$41.00	14.4%	4.1%	20.1%	16.8%	15.4%	3.5%	0.3%	186.5M	-5.07B	-46.3M	1.84	64.31	49,161	90,661	3,368,077	4,796,339
2024-08-22	$43.11	$41.00	15.0%	4.3%	20.7%	21.6%	19.8%	3.4%	0.1%	116.7M	-3.81B	-47.7M	10.24	65.21	15,446	158,143	3,388,448	4,848,374
2024-08-23	$43.80	$41.00	13.7%	3.9%	21.3%	11.7%	13.9%	3.1%	0.0%	196.2M	-5.37B	-45.7M	0.99	68.62	74,561	73,863	3,397,865	4,870,966
2024-08-26	$43.48	$41.00	14.8%	4.3%	21.5%	19.8%	18.0%	3.2%	0.4%	126.9M	-4.44B	-46.0M	3.12	72.41	29,813	93,052	3,370,004	4,911,924
2024-08-27	$43.55	$41.00	14.3%	4.1%	21.3%	16.4%	14.7%	3.2%	-0.7%	146.2M	-4.77B	-45.2M	0.66	70.98	67,231	44,050	3,379,171	4,910,869
2024-08-28	$43.27	$41.00	14.8%	4.3%	20.0%	19.9%	14.9%	3.1%	0.3%	95.3M	-3.97B	-46.3M	1.41	71.05	23,929	33,822	3,398,816	4,915,546
2024-08-29	$43.30	$41.00	14.3%	4.1%	18.6%	16.3%	15.0%	3.2%	0.3%	97.3M	-3.94B	-46.9M	0.25	71.47	121,822	30,190	3,404,805	4,953,475
2024-08-30	$43.34	$41.00	13.9%	3.9%	17.6%	13.0%	13.7%	2.7%	-0.9%	114.1M	-4.29B	-46.0M	1.58	63.57	45,119	71,243	3,452,434	4,964,917