EEM Options History — April 2026

In April 2026, EEM traded between $56.44 and $63.58. ATM implied volatility averaged 27.9%, placing in the 51.7% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 8.3% (HV 20d: 36.3%). Max pain ranged from $58.00 to $59.00. Net GEX was positive for 10 of 14 trading days. Term structure was in contango for 3 of 14 days. Put/call ratio averaged 1.33.

Notable Days

  • 2026-04-17: Highest Volume — 411,146 contracts
  • 2026-04-08: Largest IV drop — 15.1% change
  • 2026-04-07: Highest IV Rank — 74.2%
  • 2026-04-07: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.43$56.44$63.58$57.41$62.19
Max Pain$58.29$58.00$59.00$58.00$59.00
ATM IV27.9%23.9%34.5%31.6%26.7%
Expected Move8.0%6.9%9.9%9.1%7.6%
HV 20d36.3%33.4%38.7%35.8%33.4%
HV 60d28.4%26.8%29.2%26.8%29.2%
IV Rank51.7%38.0%74.2%64.2%47.4%
IV Percentile89.3%85.3%96.0%94.0%88.9%
Term Structure-0.2%-1.7%1.2%1.2%-1.0%
VWIV27.9%23.6%36.6%32.2%25.6%
Skew 25d4.0%1.4%7.3%1.4%4.1%
Skew 10d7.7%4.3%12.7%12.7%5.0%
Call IV 25d26.2%22.7%33.5%32.5%24.0%
Put IV 25d30.3%26.1%38.8%34.0%28.1%
Bid-Ask Spread %27.0117.3944.4525.6631.64
Gamma HHI0.070.040.100.040.07
Net GEX165.9M-133.4M430.3M-39.7M135.1M
Net DEX-2.51B-7.60B2.68B1.54B-3.23B
Net VEX-41.8M-45.1M-38.9M-44.5M-41.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.384.802.230.88
Total Volume225,998.857104,664411,146229,387200,569
Total OI6,128,424.55,143,7936,735,1725,984,7635,242,179

Daily Data (14 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-04-01$57.41$58.0031.6%9.1%35.8%64.2%32.2%1.4%1.2%-39.7M1.54B-44.5M2.2325.6670,943158,4442,574,2133,410,550
2026-04-02$56.44$58.0033.9%9.7%35.8%72.1%33.9%3.0%-1.7%-133.4M2.68B-45.1M1.2044.4547,55657,1082,598,4773,502,057
2026-04-06$57.09$58.0032.0%9.2%34.5%65.8%31.2%3.2%-0.1%-96.0M1.86B-44.1M0.4332.09107,31446,4182,548,0203,511,656
2026-04-07$57.22$58.0034.5%9.9%34.5%74.2%36.6%6.4%-0.5%-95.6M2.04B-43.9M4.8040.0330,547146,5522,613,0513,505,946
2026-04-08$60.30$58.0029.3%8.4%38.7%56.4%28.3%4.3%0.3%167.2M-2.41B-43.8M0.5023.89217,956109,4812,637,3993,565,369
2026-04-09$60.33$58.0027.9%8.0%38.7%51.6%27.2%7.3%0.0%174.0M-2.60B-41.7M0.4819.47186,58689,6202,594,4833,566,311
2026-04-10$60.50$58.0026.4%7.6%38.7%46.5%27.6%2.7%0.6%202.6M-2.98B-42.3M0.7621.22136,799103,7542,670,2343,610,210
2026-04-13$61.03$58.0026.0%7.5%37.1%45.1%24.7%4.6%-0.5%266.5M-3.59B-40.6M1.4224.0852,23773,9412,677,9723,644,551
2026-04-14$62.18$58.0025.0%7.2%37.2%41.6%26.3%3.7%-0.5%430.3M-5.43B-39.2M0.5917.59168,18798,6492,686,9163,676,949
2026-04-15$62.20$58.5025.0%7.2%36.2%41.7%24.4%4.7%-0.6%401.4M-5.36B-39.2M2.3826.7271,196169,4142,724,1673,744,609
2026-04-16$62.41$58.5024.3%7.0%36.2%39.2%24.2%4.0%-0.1%425.9M-5.66B-40.3M0.5230.46190,52499,5252,765,1493,848,510
2026-04-17$63.58$59.0023.9%6.9%35.5%38.0%23.6%3.3%-0.2%295.9M-7.60B-39.6M0.3817.39298,343112,8032,814,7483,920,424
2026-04-20$63.16$59.0024.7%7.1%35.7%40.6%25.3%3.9%-0.3%188.4M-4.34B-38.9M2.0923.5238,64680,8722,045,8113,097,982
2026-04-21$62.19$59.0026.7%7.6%33.4%47.4%25.6%4.1%-1.0%135.1M-3.23B-41.6M0.8831.64106,65193,9182,072,5613,169,618