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EEM

iShares MSCI Emerging Markets ETFClose $65.82EOD only

Max Pain

$67.50

Next expiry Jun 12, 2026

Expected Move

±$2.42

3.7% from close

Price Gap

+1.68

Distance to max pain

IV Rank

100

High premium

P/C OI

1.79

Slightly put-heavy

Consensus

6.0/10

Bearish tilt

Published snapshot: Jun 9, 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

Jun 9, 2026 close

EEM Flow Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 VIX 20

Watch next session: EEM 2027-03-19 60P; EEM 2026-06-12 67.5C

Flow Summary

Net premium: -$18.1M bearish

P/C volume ratio: 2.13

P/C OI ratio: 1.79

Bearish flow, high put/call ratios, negative premium. Positive GEX pins. Unusual put prints hedge downside. Breakdown below 55 confirms bearish. Invalidation above 66.

Notable Prints

EEM 2027-03-19 $60.00 Put

Vol: 10,308

OI: 1,135

Vol/OI: 9.1x

IV: 35.7%

Notional: ~$5.2M

Intent: Large bearish opening, possibly hedging.

Read-through: Bearish sentiment for EEM.

EEM 2026-06-12 $67.50 Call

Vol: 3,322

OI: 424

Vol/OI: 7.8x

IV: 45.5%

Notional: ~$166K

Intent: Bullish opening near expiry.

Dual read: Could be closing short call.

Read-through: Slightly bullish near-term.

EEM 2026-06-12 $66.00 Put

Vol: 1,499

OI: 198

Vol/OI: 7.6x

IV: 57.0%

Notional: ~$237K

Intent: Bearish opening ATM put.

Dual read: Could be hedging.

Read-through: Bearish ahead of expiry.

EEM 2026-07-02 $66.00 Put

Vol: 280

OI: 131

Vol/OI: 2.1x

IV: 61.0%

Notional: ~$80K

Intent: Bearish put opening.

Read-through: Bearish for July.

EEM 2027-03-31 $40.00 Put

Vol: 900

OI: 590

Vol/OI: 1.5x

IV: 51.1%

Notional: ~$61K

Intent: Tail hedge purchase.

Dual read: Could be put sale? Volume vs OI suggests opening.

Read-through: Bearish long-term view.

Institutional Positioning

Call additions: Moderate calls at 67.5 weekly, minimal vs puts.

Put additions: Heavy puts: Jan'27 $60 put (9.1x OI), near-term $66 puts. Volume 2.1x calls.

GEX/DEX consistency: Inconsistent: GEX positive ($22.1M) suggests pinning, but flow bearish (put-heavy). Likely hedging distortion.

OI clusters: Largest put OI cluster ~$55 (gamma flip, 172k). Also significant OI at $60 from new accumulation.

Hedging evidence: Long-dated put buying (Jan'27 $60) and near-term $66 puts indicate protective hedging.

Max pain context: Spot below max pain; gamma pinning may pull lower. Bearish pin action.

Signal vs Noise

~Large Jan'27 $60 put (9.1x OI) is strong signal.

~Near-term $66 puts (7.6x OI) signal short-term protection.

~Net premium -$18M and put/call ratio 2.13 confirm bearish flow.

~GEX positive is noise; contradicts flow, likely from dealer hedges.

~Weekly $67.5 call (7.8x OI) is noise, speculative.

Key Conclusions

🐻Heavy put additions signal institutional hedging for downside.

⚠️Positive GEX vs bearish flow suggests dealer hedging; watch pin to lower strikes.

🔮Large Jan'27 $60 put accumulation may foreshadow bearish positioning.

How to Use These Reports

This flow reflects the market close on June 9, 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.