EMGF Options History — June 2023

In June 2023, EMGF traded between $40.92 and $42.84. ATM implied volatility averaged 48.0%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 32.7% (HV 20d: 15.3%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 7 of 21 days.

Notable Days

  • 2023-06-14: Largest IV drop — 68.1% change
  • 2023-06-13: Highest IV Rank — 75.0%
  • 2023-06-01: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.73$40.92$42.84$40.92$41.59
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV48.0%31.0%104.2%46.1%39.4%
Expected Move10.0%7.7%13.2%13.2%11.3%
HV 20d15.3%14.5%16.2%14.5%14.7%
HV 60d13.5%13.0%14.0%13.6%13.9%
IV Rank22.9%7.0%75.0%21.5%14.9%
IV Percentile53.2%4.8%98.8%70.6%43.3%
Term Structure-1.7%-7.9%5.1%-7.9%-4.0%
Skew 25d44.9%33.0%57.8%57.4%54.5%
Skew 10d49.9%33.6%62.0%56.0%62.0%
Call IV 25d24.0%19.7%33.9%33.9%27.9%
Put IV 25d68.9%53.0%91.3%91.3%82.4%
Bid-Ask Spread %137.94135.89139.45138.07138.91
Gamma HHI0.880.601.000.921.00
Net GEX-30-225214168-225
Net DEX-945-7.0K2.2K-1.2K2.0K
Net VEX-10-14-8-14-8
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2.1431331

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$40.92$40.0046.1%13.2%14.5%21.5%0.0%57.4%-7.9%168-1.2K-140.00138.07N/AN/A0021
2023-06-02$41.59$40.0043.9%12.6%15.3%19.5%0.0%57.8%-5.3%210-2.2K-140.00135.89N/AN/A0021
2023-06-05$41.58$0.0048.9%7.7%14.8%24.2%0.0%33.0%0.1%197-2.1K-140.00139.00N/AN/A0021
2023-06-06$41.94$0.0051.5%8.0%15.1%26.6%0.0%33.3%0.2%214-2.7K-130.00136.82N/AN/A0021
2023-06-07$41.33$0.0063.0%8.9%15.9%37.2%0.0%37.6%-2.1%101-2.6K-140.00138.41N/AN/A0021
2023-06-08$41.59$0.0061.2%8.3%16.0%35.5%0.0%37.9%1.5%90-2.8K-130.00137.56N/AN/A0021
2023-06-09$41.77$0.0066.0%8.4%15.9%39.9%0.0%38.3%1.8%83-3.0K-130.00137.60N/AN/A0021
2023-06-12$41.87$0.0087.9%8.7%15.3%59.8%0.0%39.7%1.4%88-3.1K-120.00137.47N/AN/A0021
2023-06-13$42.23$0.00104.2%9.1%14.6%75.0%0.0%39.9%5.1%125-3.3K-110.00137.90N/AN/A0021
2023-06-14$42.50$0.0033.3%9.5%14.5%9.1%0.0%40.2%0.1%100-3.9K-100.00137.08N/AN/A0021
2023-06-15$42.84$0.0031.0%8.9%14.7%7.0%0.0%40.3%-1.6%90-4.3K-90.00136.12N/AN/A0021
2023-06-16$42.67$0.0031.2%9.0%14.7%7.3%0.0%40.9%-2.1%-190-7.0K-80.00137.33N/AN/A0021
2023-06-20$41.94$0.0034.4%9.9%16.2%10.2%0.0%44.5%-2.3%-1981.8K-80.00138.42N/AN/A0001
2023-06-21$41.77$0.0034.5%9.9%16.2%10.3%0.0%45.4%-2.4%-2051.9K-80.00138.01N/AN/A0001
2023-06-22$41.66$0.0034.6%9.9%15.3%10.4%0.0%46.3%-2.4%-2091.9K-80.00138.43N/AN/A0001
2023-06-23$41.05$0.0036.8%10.5%16.1%12.4%0.0%48.0%-2.2%-2052.2K-80.00138.19N/AN/A0001
2023-06-26$41.23$0.0039.4%11.3%16.1%14.8%0.0%50.5%-3.2%-2152.1K-80.00138.97N/AN/A0001
2023-06-27$41.66$0.0037.5%10.7%15.4%13.0%0.0%50.9%-3.1%-2162.0K-80.00138.14N/AN/A0001
2023-06-28$41.37$0.0041.2%11.8%15.3%16.5%0.0%52.4%-3.6%-2172.1K-80.00139.01N/AN/A0001
2023-06-29$41.17$0.0041.7%12.0%15.2%17.0%0.0%53.9%-3.9%-2152.2K-80.00139.45N/AN/A0001
2023-06-30$41.59$0.0039.4%11.3%14.7%14.9%0.0%54.5%-4.0%-2252.0K-80.00138.91N/AN/A0001