EMGF Options History — December 2023

In December 2023, EMGF traded between $41.21 and $43.92. ATM implied volatility averaged 48.3%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 31.5% (HV 20d: 16.8%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 3 of 20 days.

Notable Days

  • 2023-12-13: Largest IV drop — 69.6% change
  • 2023-12-12: Highest IV Rank — 71.5%
  • 2023-12-01: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.76$41.21$43.92$43.07$42.85
ATM IV48.3%28.9%98.3%48.8%42.7%
Expected Move9.7%7.7%14.0%14.0%12.2%
HV 20d16.8%9.7%26.2%13.8%26.2%
HV 60d15.9%13.8%19.4%14.1%19.3%
IV Rank29.9%11.5%71.5%28.7%27.7%
IV Percentile55.4%6.0%98.0%77.4%62.7%
Term Structure-3.2%-19.8%0.5%-7.7%-1.1%
Skew 25d38.8%6.4%64.6%64.6%52.9%
Skew 10d44.2%25.4%73.5%73.5%60.1%
Call IV 25d23.2%19.1%33.5%33.5%27.2%
Put IV 25d62.0%32.4%98.2%98.2%80.1%
Bid-Ask Spread %142.96139.32147.72139.32147.72
Gamma HHI1.001.001.001.001.00
Net GEX-232-442-89-228-142
Net DEX1.3K5812.2K1.2K932
Net VEX-7-8-4-7-6
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
2023-12-01$43.07$0.0048.8%14.0%13.8%28.7%0.0%64.6%-7.7%-2281.2K-70.00139.32N/AN/A0001
2023-12-04$42.63$0.0053.1%7.7%13.3%32.4%0.0%36.0%-1.7%-1701.3K-80.00147.66N/AN/A0001
2023-12-05$42.49$0.0061.8%8.6%13.3%39.9%0.0%36.4%-0.2%-4321.1K-60.00143.66N/AN/A0001
2023-12-06$42.50$0.0065.1%8.7%13.3%42.8%0.0%36.9%-0.0%-4421.1K-60.00143.49N/AN/A0001
2023-12-07$42.66$0.0060.8%7.9%13.1%39.0%0.0%37.1%-0.7%-2141.4K-80.00143.96N/AN/A0001
2023-12-08$42.58$0.0063.9%7.9%12.6%41.7%0.0%37.5%-0.7%-2261.4K-70.00143.52N/AN/A0001
2023-12-11$42.82$0.0085.2%8.2%12.4%60.1%0.0%39.0%0.3%-2691.2K-70.00143.16N/AN/A0001
2023-12-12$42.81$0.0098.3%8.3%12.4%71.5%0.0%39.5%0.2%-2711.2K-60.00143.29N/AN/A0001
2023-12-13$43.25$0.0029.9%8.6%9.7%12.3%0.0%39.7%0.5%-266945-60.00142.39N/AN/A0001
2023-12-14$43.85$0.0029.0%8.3%10.7%11.5%0.0%39.6%-1.5%-891.6K-80.00140.65N/AN/A0001
2023-12-15$43.63$0.0028.9%8.3%10.4%13.6%0.0%40.4%-0.9%-213900-60.00141.07N/AN/A0001
2023-12-18$43.58$0.0030.0%8.6%10.4%14.7%0.0%42.0%-1.9%-266745-50.00144.99N/AN/A0001
2023-12-19$43.92$0.0031.0%8.9%9.8%15.7%0.0%42.4%-1.5%-249581-40.00141.02N/AN/A0001
2023-12-20$41.21$0.0036.0%10.3%24.9%20.9%0.0%31.5%-0.3%-2052.2K-70.00143.07N/AN/A0001
2023-12-21$41.95$0.0041.6%11.9%25.9%26.6%0.0%32.6%-16.7%-1541.9K-70.00141.52N/AN/A0001
2023-12-22$41.81$0.0034.5%9.9%25.9%19.3%0.0%6.4%-1.3%-1902.0K-70.00142.11N/AN/A0001
2023-12-26$42.27$0.0045.7%13.1%26.2%30.8%0.0%34.4%-19.8%-1901.8K-70.00142.60N/AN/A0001
2023-12-27$42.48$0.0040.7%11.7%26.1%25.7%0.0%34.6%-6.5%-2581.6K-60.00142.12N/AN/A0001
2023-12-28$42.78$0.0038.8%11.1%26.2%23.7%0.0%51.7%-2.9%-1621.0K-60.00141.80N/AN/A0001
2023-12-29$42.85$0.0042.7%12.2%26.2%27.7%0.0%52.9%-1.1%-142932-60.00147.72N/AN/A0001