EEM Options History — January 2026

In January 2026, EEM traded between $56.16 and $60.78. ATM implied volatility averaged 16.9%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 1.7% (HV 20d: 15.2%). Max pain ranged from $54.00 to $57.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.65.

Notable Days

  • 2026-01-29: Highest Volume — 643,250 contracts
  • 2026-01-27: Largest IV spike — 14.7% change
  • 2026-01-27: Highest IV Rank — 23.6%
  • 2026-01-27: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.16$56.16$60.78$56.16$59.13
Max Pain$55.80$54.00$57.00$54.00$57.00
ATM IV16.9%15.2%19.7%15.2%19.5%
Expected Move4.8%4.4%5.7%4.4%5.6%
HV 20d15.2%12.9%17.5%15.8%17.5%
HV 60d14.6%13.8%16.8%16.7%15.1%
IV Rank14.1%8.3%23.6%8.3%22.8%
IV Percentile63.2%39.3%86.1%39.3%84.9%
Term Structure-0.0%-0.4%0.3%0.2%-0.3%
VWIV17.1%15.1%20.5%15.4%20.0%
Skew 25d2.0%1.1%2.8%2.5%2.8%
Skew 10d4.9%2.5%7.7%5.7%7.7%
Call IV 25d16.4%14.2%18.8%14.2%18.3%
Put IV 25d18.3%16.5%21.1%16.8%21.1%
Bid-Ask Spread %18.0012.1426.3626.3619.22
Gamma HHI0.100.080.110.100.10
Net GEX298.7M214.8M423.5M214.9M340.1M
Net DEX-4.48B-7.18B-2.65B-2.65B-4.64B
Net VEX-26.2M-36.2M-19.2M-20.1M-36.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.171.470.381.29
Total Volume298,637.7124,672643,250158,057425,450
Total OI4,789,278.44,242,6585,797,7924,397,4535,408,969

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$56.16$54.0015.2%4.4%15.8%8.3%15.4%2.5%0.2%214.9M-2.65B-20.1M0.3826.36114,73843,3191,446,3292,951,124
2026-01-05$56.84$54.5015.5%4.5%16.2%9.1%16.1%2.2%0.2%249.1M-3.56B-19.2M0.4226.17127,24253,4641,489,9682,960,968
2026-01-06$57.30$56.0015.7%4.5%16.2%9.9%15.5%1.9%-0.0%258.2M-3.83B-20.3M0.5221.18111,75558,5131,514,1672,991,600
2026-01-07$56.83$56.0015.7%4.5%16.6%10.0%15.9%2.1%0.0%222.5M-3.26B-21.0M1.4721.3162,68592,4361,540,5983,045,718
2026-01-08$56.86$56.0015.4%4.4%16.5%9.0%15.1%2.3%0.0%225.7M-3.39B-21.1M0.6015.5278,01146,6611,571,3033,112,976
2026-01-09$57.11$56.0015.5%4.4%16.1%9.4%16.1%1.1%-0.0%265.9M-3.75B-20.5M1.3318.21122,681162,6321,576,1313,129,576
2026-01-12$57.92$55.0016.7%4.7%16.4%13.4%17.2%1.3%-0.4%265.3M-4.49B-21.2M0.2617.54277,51971,2021,630,4443,209,800
2026-01-13$57.45$55.0016.9%4.8%16.0%14.0%16.5%1.6%-0.2%244.6M-4.16B-23.5M0.6015.78118,22070,7901,769,1653,273,937
2026-01-14$57.69$56.0016.8%4.8%15.9%13.7%16.4%1.7%-0.1%214.8M-4.19B-24.0M0.4817.32126,90061,5401,773,7323,325,532
2026-01-15$58.11$56.0017.3%4.9%13.1%15.5%17.5%1.6%-0.3%276.0M-4.80B-25.2M0.3615.19472,614169,0371,851,3783,397,670
2026-01-16$57.80$55.0016.6%4.7%12.9%13.1%16.8%1.5%-0.2%284.1M-5.03B-28.2M0.4316.84161,68670,1222,254,9013,542,891
2026-01-20$57.28$55.0017.7%5.0%13.4%16.7%17.6%2.5%-0.0%236.4M-2.75B-29.1M0.9819.0676,06374,2691,865,1512,377,507
2026-01-21$58.27$56.0016.4%4.7%14.1%12.4%16.6%1.9%0.0%315.8M-4.01B-27.8M0.1716.77255,35343,3471,872,7402,393,867
2026-01-22$58.75$56.0016.6%4.7%14.2%12.8%17.6%1.7%0.0%367.8M-4.47B-29.6M0.4417.47153,88867,5181,997,1432,394,969
2026-01-23$59.11$56.0016.3%4.6%14.2%11.9%16.0%1.8%0.2%400.2M-5.13B-28.8M0.6514.3495,87662,5502,037,5172,414,795
2026-01-26$59.22$56.0017.2%4.9%14.2%14.9%16.8%2.1%0.2%393.8M-5.26B-29.5M0.8219.54241,796197,7522,098,8842,446,053
2026-01-27$60.22$56.5019.7%5.7%14.9%23.6%20.5%2.0%-0.1%388.2M-6.32B-33.0M0.7314.61298,775216,7842,257,8952,594,688
2026-01-28$60.78$57.0019.5%5.6%14.7%22.8%20.3%2.1%-0.1%387.3M-7.18B-33.0M0.3115.41339,687106,6292,347,8082,700,505
2026-01-29$60.30$57.0018.1%5.1%15.4%18.3%18.0%2.5%0.3%423.5M-6.70B-33.4M0.6712.14385,423257,8272,473,5442,743,625
2026-01-30$59.13$57.0019.5%5.6%17.5%22.8%20.0%2.8%-0.3%340.1M-4.64B-36.2M1.2919.22185,950239,5002,526,5772,882,392