EEM Options History — June 2025

In June 2025, EEM traded between $45.83 and $48.25. ATM implied volatility averaged 16.5%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 4.8% (HV 20d: 11.7%). Max pain ranged from $44.00 to $46.50. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.62.

Notable Days

  • 2025-06-13: Highest Volume — 2,011,101 contracts
  • 2025-06-30: Largest IV spike — 75.4% change
  • 2025-06-30: Highest IV Rank — 100.0%
  • 2025-06-17: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.17$45.83$48.25$45.83$48.22
Max Pain$45.55$44.00$46.50$44.00$46.00
ATM IV16.5%12.8%42.1%15.5%42.1%
Expected Move4.3%4.0%4.7%4.6%4.2%
HV 20d11.7%8.4%15.3%11.2%14.2%
HV 60d27.3%26.9%27.8%27.8%27.3%
IV Rank14.9%2.4%100.0%11.6%100.0%
IV Percentile35.4%3.2%100.0%41.3%100.0%
Term Structure0.8%-23.4%23.7%-0.4%-23.4%
VWIV15.8%14.2%20.0%16.2%15.7%
Skew 25d0.6%-24.3%3.2%2.6%-24.3%
Skew 10d3.9%-6.5%9.0%1.7%9.0%
Call IV 25d16.1%8.1%62.1%14.4%62.1%
Put IV 25d16.7%9.3%37.8%17.0%37.8%
Bid-Ask Spread %65.2813.5485.7160.9161.01
Gamma HHI0.120.080.190.080.11
Net GEX189.0M-110.2M366.2M109.4M270.6M
Net DEX-3.93B-6.44B-1.08B-2.82B-4.37B
Net VEX-35.3M-38.4M-32.9M-37.9M-34.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.620.055.722.071.12
Total Volume294,451.881,1342,011,10185,658151,036
Total OI6,142,363.45,220,1426,666,7716,196,2935,671,851

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-06-02$45.83$44.0015.5%4.6%11.2%11.6%16.2%2.6%-0.4%109.4M-2.82B-37.9M2.0760.9127,86157,7972,517,2313,679,062
2025-06-03$45.95$44.0014.9%4.4%10.9%9.5%15.5%2.4%-0.6%132.4M-3.10B-38.4M1.6965.5330,14750,9872,548,6723,685,787
2025-06-04$46.56$44.0015.0%4.6%11.6%9.8%15.4%1.4%-6.2%210.9M-4.27B-36.8M0.1360.3388,30511,5972,548,7953,735,569
2025-06-05$46.77$45.0014.0%4.1%10.8%6.6%15.4%1.7%-2.3%263.8M-4.51B-37.0M3.0766.3121,88767,1302,573,7033,746,107
2025-06-06$46.95$45.0013.9%4.0%10.7%6.2%14.4%1.9%-5.8%344.7M-5.15B-34.7M2.4913.5439,47398,2462,579,0423,798,455
2025-06-09$47.34$45.0014.2%4.0%10.8%7.0%16.1%1.4%-0.1%336.5M-5.91B-33.3M1.7468.2895,747166,6332,583,6343,824,678
2025-06-10$47.61$45.5012.8%4.1%8.5%2.4%14.2%3.2%0.6%313.7M-6.32B-32.9M0.5270.44190,32898,2512,582,1193,887,999
2025-06-11$47.75$45.5014.1%4.2%8.4%7.0%14.5%1.0%0.6%356.2M-6.44B-34.0M0.4070.60265,266106,8072,674,0603,950,853
2025-06-12$47.83$45.5013.8%4.1%8.4%5.9%14.2%1.3%0.8%366.2M-6.32B-34.3M0.1869.53113,41320,0382,666,5133,999,550
2025-06-13$47.03$46.0015.5%4.6%10.6%11.6%20.0%3.0%-0.0%256.7M-4.63B-35.1M0.0585.711,910,916100,1852,650,6274,016,144
2025-06-16$47.22$46.0014.6%4.2%10.7%8.5%16.1%2.4%13.0%218.8M-2.96B-33.2M4.0670.6349,061199,3602,086,3414,020,266
2025-06-17$46.63$46.5016.3%4.7%11.7%14.4%16.9%2.9%0.4%49.0M-1.71B-36.7M5.7273.5454,991314,5642,140,7884,131,362
2025-06-18$46.59$46.5015.6%4.5%11.7%11.8%14.8%2.7%0.2%-10.4M-1.57B-36.2M1.3471.1776,835102,6822,162,2254,338,841
2025-06-20$46.30$46.5015.0%4.3%11.9%10.0%17.6%3.1%0.1%-110.2M-1.08B-36.9M1.7145.9772,731124,0682,198,0124,390,325
2025-06-23$46.64$46.0014.9%4.2%12.1%9.5%17.9%3.2%12.3%-71.9M-1.67B-36.2M3.5968.0333,278119,6071,957,0103,263,132
2025-06-24$47.91$46.0014.4%4.2%15.3%8.0%15.6%1.6%-5.4%118.7M-3.69B-33.8M0.7271.93202,610146,8281,976,0033,316,478
2025-06-25$47.97$46.0015.1%4.4%15.2%10.1%15.8%2.5%7.9%173.6M-3.91B-34.1M0.9472.74114,436107,1432,060,0103,434,875
2025-06-26$48.25$46.0014.5%4.2%15.0%8.2%14.7%1.6%0.4%223.0M-4.35B-33.8M0.5369.48174,70793,1622,121,7663,503,230
2025-06-27$48.09$46.0024.0%4.6%15.2%40.5%15.5%-3.8%23.7%227.4M-3.94B-36.1M0.2869.94149,37041,5532,243,5543,582,599
2025-06-30$48.22$46.0042.1%4.2%14.2%100.0%15.7%-24.3%-23.4%270.6M-4.37B-34.6M1.1261.0171,15779,8792,276,6183,395,233