EEM Options History — March 2026

In March 2026, EEM traded between $54.61 and $61.55. ATM implied volatility averaged 31.8%, placing in the 64.8% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 1.4% (HV 20d: 30.4%). Max pain ranged from $57.00 to $60.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.36.

Notable Days

  • 2026-03-03: Highest Volume — 591,577 contracts
  • 2026-03-03: Largest IV spike — 24.4% change
  • 2026-03-27: Highest IV Rank — 86.7%
  • 2026-03-27: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.58$54.61$61.55$61.55$56.63
Max Pain$58.76$57.00$60.00$57.00$58.00
ATM IV31.8%25.3%38.2%25.3%35.4%
Expected Move9.1%7.8%10.9%7.9%10.1%
HV 20d30.4%18.5%39.3%18.5%39.3%
HV 60d22.3%16.4%27.1%16.4%27.1%
IV Rank64.8%42.8%86.7%42.8%77.2%
IV Percentile96.5%92.9%98.4%96.4%97.2%
Term Structure-0.5%-2.2%1.7%0.2%0.7%
VWIV32.3%25.4%43.1%31.5%38.3%
Skew 25d6.8%5.0%9.0%5.0%7.1%
Skew 10d13.5%6.4%25.1%10.2%14.6%
Call IV 25d28.4%22.8%36.4%22.8%30.5%
Put IV 25d35.2%27.9%43.5%27.9%37.6%
Bid-Ask Spread %18.6410.8427.0715.0625.67
Gamma HHI0.050.040.090.090.05
Net GEX7.6M-222.8M303.9M303.9M-127.5M
Net DEX818.9M-5.56B4.87B-5.56B2.76B
Net VEX-45.5M-48.3M-43.2M-43.5M-44.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.303.740.682.34
Total Volume291,114.571104,634591,577241,884289,492
Total OI6,697,083.5715,550,4567,777,0336,196,2325,940,363

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$61.55$57.0025.3%7.9%18.5%42.8%31.5%5.0%0.2%303.9M-5.56B-43.5M0.6815.06144,16797,7172,833,7983,362,434
2026-03-03$58.53$57.0031.5%10.7%26.2%63.9%38.7%6.7%-1.8%91.6M-901.9M-44.5M1.2513.43262,421329,1562,834,1423,423,285
2026-03-04$59.27$57.0029.4%9.9%26.6%56.8%34.8%6.6%-1.5%149.1M-2.12B-44.9M1.5513.24185,273287,0822,924,2743,516,199
2026-03-05$57.47$60.0032.4%8.6%28.5%66.9%29.1%7.9%-1.5%21.6M757.2M-45.2M1.2425.45264,002326,7163,017,0653,696,362
2026-03-06$57.20$60.0034.7%9.2%28.4%74.8%31.0%9.0%-2.2%-5.6M1.23B-48.3M0.5710.8497,30455,1613,170,2913,862,963
2026-03-09$58.27$59.0031.8%8.6%27.6%64.8%32.0%6.8%-1.1%80.0M-476.0M-47.2M0.5412.2268,16136,4733,150,7253,851,929
2026-03-10$58.77$59.0030.7%8.5%27.5%61.2%29.0%6.8%-1.4%150.1M-1.59B-46.4M1.2513.82118,984148,9373,182,1753,790,977
2026-03-11$58.75$59.0029.5%8.1%27.5%57.1%28.8%6.3%-1.2%136.6M-1.34B-46.2M0.9212.45136,550125,2183,195,7193,876,974
2026-03-12$57.11$59.0031.3%8.8%28.4%63.3%27.2%7.0%-0.7%-4.8M1.30B-45.0M0.3015.05164,37050,0773,261,3993,916,368
2026-03-13$56.67$59.0030.7%8.1%28.3%61.2%29.2%5.6%0.7%-19.3M1.70B-44.4M3.4117.24103,689353,5433,288,5033,910,835
2026-03-16$58.25$59.0029.3%8.5%30.4%56.4%28.5%5.7%-1.4%96.4M-471.4M-46.2M0.8521.97111,88595,0693,281,6274,160,375
2026-03-17$58.75$59.0026.9%7.8%30.6%48.0%25.4%5.3%-0.9%137.7M-1.14B-45.3M0.4914.35175,06585,8133,301,6454,166,127
2026-03-18$57.61$59.0029.4%8.4%31.2%56.7%29.3%5.8%1.0%7.8M767.7M-45.4M1.0324.04107,520111,0603,369,5264,218,536
2026-03-19$57.59$59.0028.8%8.3%31.2%54.8%31.0%5.7%0.3%-15.1M1.09B-46.2M2.2325.0179,281177,0913,399,8534,270,068
2026-03-20$55.59$59.0035.0%9.9%31.8%75.9%33.9%9.0%-0.5%-154.3M4.32B-45.6M1.4622.23114,928167,4643,420,9854,356,048
2026-03-23$57.44$59.0032.0%9.3%34.6%65.7%32.7%7.5%0.4%-81.3M2.15B-45.7M1.3319.5764,37085,4162,318,4803,231,976
2026-03-24$56.61$59.0033.9%9.7%33.9%71.9%31.4%7.2%0.0%-124.1M2.98B-45.1M0.7527.0763,59847,5962,339,3313,272,772
2026-03-25$57.39$59.0032.9%9.6%34.1%68.7%33.0%6.6%-0.1%-66.8M2.03B-45.9M1.1023.1696,744106,0482,365,3173,302,455
2026-03-27$55.03$59.0038.2%10.9%36.5%86.7%43.1%7.1%-0.8%-222.8M4.84B-46.6M3.7417.5095,369356,3902,415,3123,569,036
2026-03-30$54.61$59.0037.7%10.5%36.5%85.2%40.6%8.0%1.7%-194.1M4.87B-43.2M1.5522.10128,645199,5612,431,9823,440,524
2026-03-31$56.63$58.0035.4%10.1%39.3%77.2%38.3%7.1%0.7%-127.5M2.76B-44.8M2.3425.6786,760202,7322,532,7823,407,581