EMGF Options History — July 2023

In July 2023, EMGF traded between $40.91 and $44.05. ATM implied volatility averaged 41.2%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 25.0% (HV 20d: 16.2%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 2 of 20 days.

Notable Days

  • 2023-07-12: Largest IV drop — 46.3% change
  • 2023-07-10: Highest IV Rank — 43.3%
  • 2023-07-05: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.64$40.91$44.05$42.02$44.05
ATM IV41.2%30.6%70.1%43.6%42.7%
Expected Move10.4%8.8%13.0%12.5%12.2%
HV 20d16.2%14.0%17.5%14.0%17.1%
HV 60d14.8%14.0%15.3%14.0%15.3%
IV Rank16.5%6.7%43.3%18.8%17.9%
IV Percentile43.2%4.4%93.3%61.1%59.1%
Term Structure-2.4%-10.1%1.4%-4.6%-2.7%
Skew 25d46.1%38.3%62.2%58.1%55.7%
Skew 10d52.9%44.2%70.7%66.0%63.2%
Call IV 25d24.4%20.6%31.8%29.8%28.8%
Put IV 25d70.6%59.0%94.0%87.9%84.5%
Bid-Ask Spread %137.81135.98140.08138.16136.82
Gamma HHI1.001.001.001.001.00
Net GEX-221-245-198-229-203
Net DEX1.6K9812.3K1.8K1.1K
Net VEX-6-7-5-7-5
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI11111

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$42.02$0.0043.6%12.5%14.0%18.8%0.0%58.1%-4.6%-2291.8K-70.00138.16N/AN/A0001
2023-07-05$41.70$0.0045.5%13.0%14.3%20.5%0.0%62.2%-5.5%-2311.9K-70.00139.16N/AN/A0001
2023-07-06$40.91$0.0048.4%8.8%15.5%23.2%0.0%38.3%-1.7%-2092.3K-70.00138.57N/AN/A0001
2023-07-07$41.45$0.0052.0%9.2%15.4%26.5%0.0%38.5%-1.9%-2192.1K-70.00138.70N/AN/A0001
2023-07-10$41.41$0.0070.1%10.7%15.3%43.3%0.0%40.2%-10.1%-2212.1K-70.00140.08N/AN/A0001
2023-07-11$41.83$0.0057.0%9.0%15.6%31.2%0.0%39.8%1.4%-2261.9K-70.00138.89N/AN/A0001
2023-07-12$42.67$0.0030.6%8.8%17.1%6.7%0.0%39.9%-1.2%-2231.5K-70.00137.30N/AN/A0001
2023-07-13$43.24$0.0032.6%9.4%17.5%8.6%0.0%39.8%-1.5%-2051.4K-70.00135.98N/AN/A0001
2023-07-14$43.09$0.0032.7%9.4%17.5%8.7%0.0%40.3%0.2%-2161.5K-60.00136.82N/AN/A0001
2023-07-17$43.12$0.0033.7%9.7%17.2%9.6%0.0%42.2%-0.1%-2271.4K-60.00136.73N/AN/A0001
2023-07-18$42.84$0.0033.6%9.6%17.4%9.5%0.0%43.0%-1.9%-2151.4K-60.00137.26N/AN/A0001
2023-07-19$42.77$0.0034.5%9.9%16.1%10.3%0.0%43.7%-3.5%-2151.5K-60.00138.16N/AN/A0001
2023-07-20$42.42$0.0036.9%10.6%16.4%12.5%0.0%45.1%-0.7%-2351.6K-60.00138.48N/AN/A0001
2023-07-21$42.41$0.0037.5%10.8%16.3%13.1%0.0%45.9%-1.1%-2341.6K-60.00138.70N/AN/A0001
2023-07-24$43.00$0.0037.7%10.8%15.8%13.2%0.0%48.4%-2.7%-2391.4K-60.00136.94N/AN/A0001
2023-07-25$43.33$0.0039.4%11.3%15.9%14.8%0.0%49.0%-3.0%-2231.3K-60.00138.06N/AN/A0001
2023-07-26$43.55$0.0036.5%10.5%15.7%12.2%0.0%49.8%-2.6%-2111.1K-50.00137.41N/AN/A0001
2023-07-27$43.04$0.0039.9%11.4%16.1%15.3%0.0%51.5%-3.2%-2451.3K-60.00137.35N/AN/A0001
2023-07-28$43.97$0.0039.3%11.3%17.3%14.7%0.0%51.6%-2.3%-198981-50.00136.63N/AN/A0001
2023-07-31$44.05$0.0042.7%12.2%17.1%17.9%0.0%55.7%-2.7%-2031.1K-50.00136.82N/AN/A0001