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EEM

iShares MSCI Emerging Markets ETFClose $65.82EOD only

Max Pain

$61.00

Next expiry May 15, 2026

Expected Move

±$1.77

2.7% from close

Price Gap

-4.82

Distance to max pain

IV Rank

High premium

P/C OI

1.48

Slightly put-heavy

Consensus

6.5/10

Range bias

Published snapshot: May 12, 2026 close

End-of-day snapshot

This page reflects EEM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 12, 2026 close

EEM Flow Report

Analysis based on market close May 13, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.3% from MP; +1 VIX 18

Watch next session: $58 (unusual put); $64.50 (expiry put wall)

Flow Summary

Net premium: +$16.7M bullish

P/C volume ratio: 0.84

P/C OI ratio: 1.50

Mixed but leaning bullish. Net premium +$16.7M, call volume ratio 1.19 (calls > puts), but put OI remains heavy below. Unusual put activity at $60 Sep and $58 Aug suggests hedging, not aggressive bearish. Gamma pinning near spot with positive GEX. Confidence base 8.0. Spot above MP, VIX low 17.9. Bias bullish near-term.

Notable Prints

EEM 2026-08-21 $58.00 Put

Vol: 4,820

OI: 189

Vol/OI: 25.5x

IV: 32.5%

Notional: ~$463K

Intent: Bearish speculation

Read-through: Expects decline to $58 by Aug

EEM 2026-05-15 $64.50 Put

Vol: 6,520

OI: 663

Vol/OI: 9.8x

IV: 45.0%

Notional: ~$65K

Intent: Closing or scalp

Dual read: Quick profit/loss

Read-through: Near-term bearish view

EEM 2026-08-21 $62.00 Put

Vol: 2,534

OI: 270

Vol/OI: 9.4x

IV: 31.1%

Notional: ~$449K

Intent: Bearish bet

Read-through: Downside target $62

EEM 2026-05-29 $69.00 Call

Vol: 2,686

OI: 540

Vol/OI: 5.0x

IV: 30.6%

Notional: ~$242K

Intent: Bullish on earnings

Dual read: Short squeeze

Read-through: Optimistic about EEM near $69

EEM 2026-08-21 $57.00 Put

Vol: 2,009

OI: 485

Vol/OI: 4.1x

IV: 34.3%

Notional: ~$147K

Intent: Further downside

Read-through: Deep bearish view below $57

Institutional Positioning

Call additions: Modest; May 29 $69C (2.7K) adds upside.

Put additions: Heavy; Sep $60P (21.6K), Aug $58P (4.8K), May $64.5P (6.5K).

GEX/DEX consistency: GEX +$456M, DEX +198M sh; pos gamma aligns pinning, put OI skew shows hedging.

OI clusters: Put OI clusters at $55 (172K), $60, $62, $64.5.

Hedging evidence: Long-dated puts (Sep, Aug) and nearby hedges; tail protection.

Max pain context: Spot above MP; gamma flip $55; pinning near $65-66.

Signal vs Noise

~Sep 18 $60P (21.6K vol) is key tail hedge signal.

~May 15 $64.5P (6.5K vol) and Aug $58P (4.8K vol) show active hedging.

~Minor call prints and small trades are likely noise.

Key Conclusions

🛡️Aggressive put hedging across expirations signals downside caution.

📌Positive gamma pins spot but heavy put OI limits rally.

📉Spot above MP; likely drift toward $65-66 level.

How to Use These Reports

This flow reflects the market close on May 13, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.