EEM Options History — November 2025

In November 2025, EEM traded between $53.16 and $55.67. ATM implied volatility averaged 19.0%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 2.9% (HV 20d: 16.1%). Max pain ranged from $50.00 to $52.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 1.92.

Notable Days

  • 2025-11-05: Highest Volume — 289,496 contracts
  • 2025-11-17: Largest IV spike — 20.4% change
  • 2025-11-17: Highest IV Rank — 34.4%
  • 2025-11-24: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.53$53.16$55.67$55.67$54.30
Max Pain$50.63$50.00$52.00$52.00$51.00
ATM IV19.0%14.0%22.6%17.2%14.0%
Expected Move5.8%4.8%6.6%4.8%4.8%
HV 20d16.1%14.2%21.2%20.4%14.4%
HV 60d15.1%14.4%15.4%14.4%15.3%
IV Rank22.2%5.5%34.4%16.3%5.5%
IV Percentile79.5%14.3%94.0%72.6%14.3%
Term Structure0.1%-1.4%1.5%0.6%0.8%
VWIV20.0%16.5%24.4%17.9%16.5%
Skew 25d3.5%1.8%6.9%2.1%2.3%
Skew 10d6.9%3.9%11.7%4.9%3.9%
Call IV 25d17.3%14.3%19.4%16.8%14.3%
Put IV 25d20.8%16.6%26.0%18.9%16.6%
Bid-Ask Spread %17.7712.9725.5819.4220.92
Gamma HHI0.100.060.140.140.07
Net GEX157.4M-60.8M329.9M329.9M105.0M
Net DEX-6.00B-8.56B-3.30B-8.56B-5.34B
Net VEX-26.6M-29.5M-22.9M-26.2M-22.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.920.309.761.051.13
Total Volume150,78013,466289,496131,71713,466
Total OI7,108,020.3686,669,0787,428,2326,883,3206,836,343

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$55.67$52.0017.2%4.8%20.4%16.3%17.9%2.1%0.6%329.9M-8.56B-26.2M1.0519.4264,29167,4262,819,4394,063,881
2025-11-04$54.72$52.0018.6%5.5%21.1%20.9%19.5%3.3%0.6%216.2M-6.52B-28.9M2.1520.2235,57176,5102,809,3864,113,424
2025-11-05$55.20$52.0018.2%5.3%21.2%19.6%19.4%2.9%0.6%255.4M-7.33B-28.4M1.0712.97139,636149,8602,803,1614,172,825
2025-11-06$54.80$50.0018.4%5.8%21.1%20.2%20.6%2.9%0.1%191.4M-6.56B-29.5M3.4215.8818,56663,5842,875,7504,292,148
2025-11-07$54.42$50.0018.4%5.8%16.8%20.2%18.4%2.8%0.4%177.9M-5.85B-29.2M0.3020.26121,28536,2512,883,1974,347,152
2025-11-10$55.53$50.0018.1%5.7%15.8%19.5%19.8%1.8%1.4%307.5M-8.14B-25.5M0.3415.3860,35220,2662,830,5114,296,685
2025-11-11$55.60$50.0017.6%5.5%15.2%17.8%18.9%2.0%1.2%306.6M-8.19B-25.6M0.5914.4247,20927,8782,844,8914,307,921
2025-11-12$55.58$50.0017.4%5.4%14.3%17.1%19.2%2.0%1.2%320.9M-7.99B-25.4M4.3216.8321,02590,9292,846,0224,350,289
2025-11-13$54.98$50.0019.5%5.9%14.8%24.0%20.5%2.3%1.5%236.4M-7.10B-25.9M1.0416.47133,267139,1682,863,1574,355,612
2025-11-14$54.92$50.0018.8%5.6%14.9%21.5%19.7%3.2%1.2%226.6M-6.76B-27.3M2.5017.7123,80359,4842,889,7574,409,254
2025-11-17$54.25$50.0022.6%6.5%14.7%34.4%24.4%6.1%-1.3%130.3M-5.35B-28.3M9.7613.7811,173109,0342,853,3284,391,529
2025-11-18$54.09$50.0021.9%6.3%14.3%32.2%21.0%5.9%-1.3%97.7M-4.94B-27.9M0.5718.59129,65474,0792,863,9484,446,385
2025-11-19$53.89$50.0021.5%6.2%14.3%30.8%20.7%5.7%-1.4%79.6M-4.75B-27.4M1.2817.7082,423105,5302,904,4984,466,245
2025-11-20$53.17$51.0022.5%6.5%14.6%34.1%21.5%6.9%-1.4%-60.8M-3.30B-28.6M0.8218.99105,93186,3522,908,4054,508,613
2025-11-21$53.16$51.0019.9%6.0%14.3%25.5%22.8%5.4%-1.0%-54.2M-3.49B-27.8M2.5625.5864,039164,0832,895,5444,532,688
2025-11-24$53.66$51.0021.5%6.6%14.2%30.7%19.5%2.8%-1.4%15.7M-4.14B-23.8M1.1617.8090,564104,9082,449,2654,219,813
2025-11-25$53.80$51.0017.7%5.4%14.3%17.9%19.8%3.3%-0.3%28.8M-4.56B-23.2M1.2714.9476,90897,4242,522,1574,268,201
2025-11-26$54.27$51.0016.6%5.8%14.6%14.4%19.4%2.5%-0.5%80.2M-5.15B-24.2M1.0919.7373,29179,6002,554,5724,256,391
2025-11-28$54.30$51.0014.0%4.8%14.4%5.5%16.5%2.3%0.8%105.0M-5.34B-22.9M1.1320.926,3287,1382,575,5644,260,779