EMGF Options History — March 2024

In March 2024, EMGF traded between $43.69 and $44.82. ATM implied volatility averaged 21.8%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 9.5% (HV 20d: 12.3%). Max pain ranged from $41.00 to $41.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days.

Notable Days

  • 2024-03-13: Largest IV drop — 60.6% change
  • 2024-03-12: Highest IV Rank — 23.2%
  • 2024-03-27: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.39$43.69$44.82$44.13$44.57
Max Pain$41.00$41.00$41.00$41.00$41.00
ATM IV21.8%15.1%38.3%20.6%16.4%
Expected Move4.8%4.1%6.9%5.9%4.7%
HV 20d12.3%10.5%14.5%13.9%10.5%
HV 60d16.6%12.6%19.1%18.8%12.6%
IV Rank6.8%0.0%23.2%5.1%1.5%
IV Percentile14.4%0.0%56.0%9.5%3.6%
Term Structure-1.8%-15.3%6.0%-6.3%-3.1%
Skew 25d0.8%-0.2%1.3%-0.2%1.2%
Skew 10d0.4%-13.2%1.5%-13.2%0.9%
Call IV 25d17.4%15.4%25.0%25.0%18.7%
Put IV 25d18.2%16.2%24.8%24.8%19.8%
Bid-Ask Spread %136.41133.00146.41137.90135.71
Gamma HHI1.001.001.001.001.00
Net GEX-52-1460-1210
Net DEX13104163680
Net VEX-0-10-10
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI0.550110

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$44.13$41.0020.6%5.9%13.9%5.1%0.0%-0.2%-6.3%-121368-10.00137.90N/AN/A0001
2024-03-04$44.12$0.0023.3%4.2%13.9%7.8%0.0%0.8%0.2%-116317-10.00134.86N/AN/A0001
2024-03-05$43.69$0.0024.1%4.3%14.5%8.7%0.0%0.6%0.1%-146416-10.00133.75N/AN/A0001
2024-03-06$44.28$0.0026.6%4.5%13.8%11.2%0.0%1.0%5.5%-106282-10.00134.30N/AN/A0001
2024-03-07$44.60$0.0027.3%4.1%14.0%11.9%0.0%1.1%0.2%-82199-10.00133.00N/AN/A0001
2024-03-08$44.52$0.0028.6%4.4%13.8%13.3%0.0%1.0%-0.2%-83192-10.00138.42N/AN/A0001
2024-03-11$44.51$0.0037.0%4.3%13.8%21.9%0.0%0.9%-0.1%-8218600.00135.09N/AN/A0001
2024-03-12$44.82$0.0038.3%4.3%13.9%23.2%0.0%1.1%4.9%-498900.00134.45N/AN/A0001
2024-03-13$44.59$0.0015.1%4.3%11.8%0.0%0.0%0.7%-1.0%-6813900.00134.79N/AN/A0001
2024-03-14$44.50$0.0016.2%4.6%10.6%1.1%0.0%0.6%-2.2%-9524800.00137.85N/AN/A0001
2024-03-15$44.22$0.0015.5%4.4%11.0%0.4%0.0%0.8%-0.8%-8918400.00135.83N/AN/A0001
2024-03-18$44.30$0.0017.1%4.9%10.9%2.3%0.0%0.6%-3.0%0000.00135.51N/AN/A0000
2024-03-19$44.04$0.0022.2%6.4%11.1%8.0%0.0%1.2%-8.4%0000.00137.49N/AN/A0000
2024-03-20$44.58$0.0015.8%4.5%11.9%0.8%0.0%1.3%6.0%0000.00146.41N/AN/A0000
2024-03-21$44.72$0.0015.8%4.5%11.2%0.8%0.0%1.1%-2.3%0000.00138.28N/AN/A0000
2024-03-22$44.40$0.0017.0%4.9%11.6%2.1%0.0%0.3%-2.9%0000.00135.59N/AN/A0000
2024-03-25$44.47$0.0017.6%5.1%11.4%2.8%0.0%1.0%-3.2%0000.00136.17N/AN/A0000
2024-03-26$44.38$0.0017.8%5.1%11.5%3.0%0.0%0.2%-3.8%0000.00135.96N/AN/A0000
2024-03-27$44.43$0.0024.1%6.9%10.6%10.1%0.0%0.7%-15.3%0000.00136.84N/AN/A0000
2024-03-28$44.57$0.0016.4%4.7%10.5%1.5%0.0%1.2%-3.1%0000.00135.71N/AN/A0000