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EEM

iShares MSCI Emerging Markets ETFClose $64.26EOD only

Max Pain

$64.50

Next expiry May 22, 2026

Expected Move

±$1.66

2.6% from close

Price Gap

+0.24

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.73

Slightly put-heavy

Consensus

5.0/10

Range bias

Published snapshot: May 19, 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 19, 2026 close

EEM Flow Report

Analysis based on market close May 19, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.4% from MP; +0.5 VIX 18

Watch next session: 64 support; put/call ratio reversal

Flow Summary

Net premium: -$5.3M bearish

P/C volume ratio: 1.64

P/C OI ratio: 1.73

Bearish flow with heavy put buying and negative net premium. Positive gamma and pinning near 64 may slow decline. Unusual deep OTM call activity suggests speculative upside bets.

Notable Prints

EEM 2026-07-17 $64.00 Call

Vol: 6,008

OI: 291

Vol/OI: 20.6x

IV: 30.1%

Notional: ~$2.0M

Intent: Aggressive bullish bet

Dual read: Possible short covering

Read-through: Very bullish, contrarian to bearish flow

EEM 2027-03-31 $40.00 Put

Vol: 900

OI: 143

Vol/OI: 6.3x

IV: 44.8%

Notional: ~$61K

Intent: Bearish hedge

Dual read: Tail risk protection

Read-through: Bearish on emerging markets

EEM 2026-06-18 $64.50 Call

Vol: 1,807

OI: 294

Vol/OI: 6.2x

IV: 31.5%

Notional: ~$376K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

EEM 2027-03-19 $38.00 Put

Vol: 522

OI: 143

Vol/OI: 3.6x

IV: 46.9%

Notional: ~$31K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

EEM 2026-12-18 $67.00 Call

Vol: 5,001

OI: 2,015

Vol/OI: 2.5x

IV: 31.6%

Notional: ~$2.4M

Intent: Bullish direction

Dual read: Position rolling

Read-through: Bullish longer-term

Institutional Positioning

Call additions: Large call buying at Jul17 $64 (20.6x OI) and Dec18 $67 (2.5x OI).

Put additions: Long-dated far OTM puts: Mar27 $40 (6.3x OI), Mar19 $38 (3.6x OI), Dec31 $41 (1.7x OI).

GEX/DEX consistency: GEX +$5M positive (pinning) vs DEX +157.6M shares indicate hedging flow; consistent with pinning.

OI clusters: Put OI heavy below $55 (14.4% of OI); gamma flip at $55. Call OI at $64, $67.

Hedging evidence: Significant long-dated put buying suggests protective collars or tail hedges.

Max pain context: Spot near MP; pinning expected as GEX positive and price near $55 flip.

Signal vs Noise

~Large call additions (Jul17 $64, Dec18 $67) are real bullish conviction.

~Deep OTM put buys (Mar/Apr 2027) are tail hedges, not bearish bets.

~Gamma flip at $55 is actionable downside signal.

~Small OI prints (<2x vol/oi ratio) are noise.

Key Conclusions

📈Large call flows at $64 and $67 show institutional bullish positioning in EEM.

🛡️Concurrent long-dated put buying suggests hedging, not directional bearishness.

⚠️Gamma flip at $55 is a key downside level; monitor for breakdown.

How to Use These Reports

This flow reflects the market close on May 19, 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.