EMGF Options History — March 2023

In March 2023, EMGF traded between $39.48 and $41.67. ATM implied volatility averaged 51.4%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 35.3% (HV 20d: 16.1%). Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-03-16: Highest Volume — 1 contracts
  • 2023-03-15: Largest IV drop — 67.2% change
  • 2023-03-14: Highest IV Rank — 83.3%
  • 2023-03-02: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.70$39.48$41.67$41.19$41.47
ATM IV51.4%34.7%113.1%48.6%44.0%
Expected Move10.9%8.3%14.7%13.9%12.6%
HV 20d16.1%14.5%17.8%15.3%15.1%
HV 60d15.3%14.5%15.9%15.3%14.5%
IV Rank26.4%11.1%83.3%23.8%19.6%
IV Percentile64.4%25.8%99.6%78.6%66.3%
Term Structure0.7%-7.1%18.0%-5.6%-4.5%
Skew 25d47.3%36.9%66.8%63.3%54.8%
Skew 10d54.7%43.8%76.0%71.9%62.2%
Call IV 25d25.5%20.0%34.4%32.5%28.2%
Put IV 25d72.8%56.8%101.1%95.8%82.9%
Bid-Ask Spread %136.21134.30139.70137.00137.65
Gamma HHI1.001.001.001.001.00
Net GEX7001770177
Net DEX-696-1.8K00-1.7K
Net VEX-3-700-7
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0430100
Total OI0.4780101

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$41.19$0.0048.6%13.9%15.3%23.8%0.0%63.3%-5.6%0000.00137.00N/AN/A0000
2023-03-02$41.40$0.0051.1%14.7%15.4%26.2%0.0%65.1%-6.8%0000.00135.03N/AN/A0000
2023-03-03$41.67$0.0049.1%14.1%15.4%24.3%0.0%66.8%-7.1%0000.00136.98N/AN/A0000
2023-03-06$41.62$0.0054.5%8.3%14.5%29.3%0.0%36.9%4.9%0000.00135.34N/AN/A0000
2023-03-07$40.97$0.0059.4%8.8%14.9%33.8%0.0%37.9%4.8%0000.00135.95N/AN/A0000
2023-03-08$41.16$0.0062.9%9.0%14.9%37.0%0.0%38.1%5.3%0000.00135.66N/AN/A0000
2023-03-09$40.34$0.0070.8%9.5%16.3%44.3%0.0%38.8%7.3%0000.00137.14N/AN/A0000
2023-03-10$40.13$0.0074.3%9.7%16.4%47.6%0.0%39.5%6.3%0000.00134.95N/AN/A0000
2023-03-13$40.31$0.00102.2%10.3%16.5%73.2%0.0%38.5%5.9%0000.00134.82N/AN/A0000
2023-03-14$40.12$0.00113.1%10.2%15.6%83.3%0.0%39.2%3.6%0000.00139.70N/AN/A0000
2023-03-15$39.48$0.0037.1%10.6%16.3%13.3%0.0%42.9%7.2%0000.00134.30N/AN/A0000
2023-03-16$40.06$0.0034.7%10.0%17.5%11.1%0.0%43.1%18.0%0000.00134.43N/AN/A1000
2023-03-17$39.84$0.0035.1%10.1%17.4%11.4%0.0%43.6%-0.0%117-1.2K-70.00136.59N/AN/A0010
2023-03-20$39.86$0.0036.1%10.4%17.4%12.4%0.0%45.6%-0.1%118-1.2K-70.00136.12N/AN/A0010
2023-03-21$40.22$0.0037.0%10.6%17.7%13.2%0.0%46.1%-2.1%132-1.3K-70.00136.22N/AN/A0010
2023-03-22$40.53$0.0035.4%10.2%17.8%11.7%0.0%46.7%-1.1%135-1.4K-70.00136.01N/AN/A0010
2023-03-23$40.80$0.0037.2%10.7%17.8%13.3%0.0%43.3%-3.4%152-1.5K-70.00137.01N/AN/A0010
2023-03-24$40.70$0.0037.2%10.7%16.0%13.3%0.0%48.1%-3.2%147-1.4K-70.00135.79N/AN/A0010
2023-03-27$40.50$0.0041.9%12.0%16.0%17.7%0.0%51.4%-3.4%146-1.3K-70.00136.82N/AN/A0010
2023-03-28$40.94$0.0040.4%11.6%16.2%16.3%0.0%51.9%-2.8%151-1.5K-70.00136.27N/AN/A0010
2023-03-29$41.13$0.0041.1%11.8%14.9%17.0%0.0%52.9%-3.5%167-1.6K-70.00136.24N/AN/A0010
2023-03-30$41.57$0.0039.4%11.3%15.3%15.4%0.0%53.3%-4.0%172-1.8K-70.00136.75N/AN/A0010
2023-03-31$41.47$0.0044.0%12.6%15.1%19.6%0.0%54.8%-4.5%177-1.7K-70.00137.65N/AN/A0010