EEM Options History — February 2026

In February 2026, EEM traded between $58.44 and $63.39. ATM implied volatility averaged 21.0%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 3.4% (HV 20d: 17.6%). Max pain ranged from $55.00 to $57.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.75.

Notable Days

  • 2026-02-04: Highest Volume — 369,990 contracts
  • 2026-02-23: Largest IV spike — 12.6% change
  • 2026-02-23: Highest IV Rank — 36.0%
  • 2026-02-27: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.01$58.44$63.39$59.27$62.56
Max Pain$55.79$55.00$57.00$57.00$57.00
ATM IV21.0%19.0%23.3%19.0%23.1%
Expected Move6.1%5.5%6.9%5.5%6.9%
HV 20d17.6%15.1%19.3%15.5%18.9%
HV 60d15.2%14.6%15.9%14.6%15.9%
IV Rank28.0%21.3%36.0%21.3%35.2%
IV Percentile88.7%81.3%95.2%83.3%94.8%
Term Structure-0.1%-0.6%0.3%0.2%-0.4%
VWIV21.8%19.6%25.5%19.6%24.9%
Skew 25d3.3%1.9%4.7%2.7%4.6%
Skew 10d7.4%5.1%11.4%7.1%8.7%
Call IV 25d19.8%18.3%21.4%18.3%21.4%
Put IV 25d23.1%20.4%26.0%21.0%26.0%
Bid-Ask Spread %13.0710.4621.0112.1313.06
Gamma HHI0.110.080.380.100.10
Net GEX469.6M260.5M1.15B330.0M373.7M
Net DEX-6.78B-9.45B-3.29B-4.59B-7.27B
Net VEX-39.2M-42.0M-36.2M-36.2M-42.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.241.950.490.96
Total Volume214,163.421105,435369,990215,508221,148
Total OI5,924,961.4745,393,2396,347,9535,393,2396,162,165

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$59.27$57.0019.0%5.5%15.5%21.3%19.6%2.7%0.2%330.0M-4.59B-36.2M0.4912.13144,92970,5792,532,4802,860,759
2026-02-03$59.53$57.0020.0%5.7%15.1%24.7%20.8%2.8%-0.0%362.2M-4.94B-38.3M0.3516.64148,23451,8942,623,7882,897,234
2026-02-04$58.94$57.0020.9%6.0%15.6%27.5%21.2%3.1%0.1%316.2M-4.08B-38.0M0.6817.62219,928150,0622,701,8912,908,489
2026-02-05$58.44$55.0021.5%6.1%15.6%29.7%20.5%2.9%-0.1%260.5M-3.29B-39.4M1.4921.0155,32282,6702,826,7663,005,863
2026-02-06$60.00$55.0019.2%5.6%17.9%22.0%19.6%2.4%0.3%1.15B-6.11B-38.5M0.3712.21132,16248,6762,797,6093,055,575
2026-02-09$60.56$55.0020.1%5.8%18.1%24.8%20.3%2.0%0.3%479.2M-6.94B-37.8M0.6111.77113,74468,9682,787,9253,019,754
2026-02-10$60.72$55.0019.1%5.5%17.6%21.7%19.7%2.0%-0.0%518.6M-7.04B-38.4M0.4111.4199,86340,8762,844,3423,059,383
2026-02-11$61.55$55.0019.5%5.6%17.6%23.0%19.7%1.9%0.1%552.1M-8.51B-38.3M0.2511.24115,93029,0872,840,6733,088,287
2026-02-12$60.91$55.0021.5%6.1%18.2%29.6%20.9%3.1%-0.0%499.3M-7.16B-41.2M1.0812.30102,652110,4472,893,0413,113,714
2026-02-13$61.00$55.0021.5%6.2%18.2%29.6%23.2%3.5%0.0%553.1M-7.21B-40.9M0.3410.69144,79249,5192,926,2033,170,154
2026-02-17$60.91$55.0021.3%6.1%18.0%29.0%22.3%3.3%-0.2%497.0M-7.18B-40.2M1.9512.1666,357129,4752,938,1743,172,083
2026-02-18$61.09$56.0020.8%6.0%17.5%27.4%22.2%3.7%-0.0%523.4M-7.69B-38.3M1.7211.3081,879140,9672,940,5383,246,518
2026-02-19$60.94$56.0020.9%6.0%16.8%27.6%21.8%4.7%0.0%531.6M-7.28B-39.4M0.6713.25126,74485,2872,976,0233,330,080
2026-02-20$62.28$56.0020.7%5.9%18.0%27.0%21.4%4.2%-0.1%415.7M-9.45B-39.2M1.0115.35121,934123,0602,959,6233,388,330
2026-02-23$61.66$56.0023.3%6.8%18.6%36.0%23.7%4.0%-0.6%352.1M-6.16B-40.6M0.7210.4761,25544,1802,636,6353,170,700
2026-02-24$62.72$56.0022.1%6.5%19.3%31.9%23.4%3.5%-0.5%408.3M-7.92B-38.2M0.3410.46248,92685,6742,639,5943,193,594
2026-02-25$63.39$56.0021.8%6.5%18.8%30.7%23.9%3.4%-0.2%394.9M-8.47B-37.4M0.2412.36176,62742,9242,610,5723,243,410
2026-02-26$62.73$56.0022.5%6.7%19.2%33.1%25.5%4.3%-0.4%403.0M-7.55B-41.6M0.6012.81208,075124,2592,743,1273,269,172
2026-02-27$62.56$57.0023.1%6.9%18.9%35.2%24.9%4.6%-0.4%373.7M-7.27B-42.0M0.9613.06112,615108,5332,807,0983,355,067