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EEM

iShares MSCI Emerging Markets ETFClose $67.88EOD only
Max Pain
$61.00
Next expiry Jun 18, 2026
Expected Move
±$2.95
4.3% from close
Price Gap
-6.88
Distance to max pain
IV Rank
96
High premium
P/C OI
1.76
Slightly put-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 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
Jun 12, 2026 close
EEM Flow Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

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Flow Verdict

BiasBearish
Confirmation: Persistent put dominance and high put/call ratios align with bearish flow; unusual prints at $44 and $40 puts confirm bearish bias.
Invalidation: Sustained price above gamma flip ($55) or drop in put/call ratio would invalidate bearish view.
Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.7% from MP; +0.5 VIX 19

Watch next session: $55 gamma flip; $44 strike (unusual put volume); GEX shift

Flow Summary

Net premium: -$6.5M bearish

P/C volume ratio: 1.86

P/C OI ratio: 1.79

EEM shows strong bearish positioning with net negative premium and elevated put/call ratios. Unusual put activity reinforces downside bets. Gamma pinning near $55 is key resistance.

Notable Prints

#1
EEM 2026-06-30 $44.00 Put
Vol: 480
OI: 301
Vol/OI: 1.6x
IV: 122.1%
Notional: ~$5K
Intent: Speculative bearish put buying
Dual read: Hedge against downside

Read-through: Bearish sentiment on EEM

#2
EEM 2026-06-12 $67.00 Call
Vol: 1,010
OI: 667
Vol/OI: 1.5x
IV: 58.0%
Notional: ~$96K
Intent: Short-term bullish speculation
Dual read: Closing of short call position

Read-through: Anticipates near-term rally

#3
EEM 2027-03-31 $40.00 Put
Vol: 900
OI: 590
Vol/OI: 1.5x
IV: 60.9%
Notional: ~$61K
Intent: Long-term bearish put purchase
Dual read: Portfolio hedge

Read-through: Expects prolonged weakness

Institutional Positioning

Call additions: Minimal; near-term OTM call (67C) small volume.

Put additions: Large; near-term ATM put (44P) and long-dated 40P added.

GEX/DEX consistency: Mixed: GEX positive (pinning), DEX positive, but flow bearish.

OI clusters: Large put OI cluster at ~36 (172k contracts, 18.5% below spot).

Hedging evidence: Unusual puts suggest hedging or bearish bets on EM.

Max pain context: Spot at MP, gamma pinning expected near current levels.

Signal vs Noise

~Unusual put volume (real bearish signal)
~High put/call ratios partly due to existing OI (noise)

Key Conclusions

🐻Institutions adding puts aggressively (44P, 40P) – bearish EM view.
📌GEX positive and spot at MP imply pinning action near $44.
⚠️Put OI cluster at 36 (172k) suggests downside protection zone.
How to Use These Reports
This flow reflects the market close on June 11, 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.