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EEM

iShares MSCI Emerging Markets ETFClose $71.21EOD only

Max Pain

$69.00

Next expiry Jun 26, 2026

Expected Move

±$2.23

3.1% from close

Price Gap

-2.21

Distance to max pain

IV Rank

Low premium

P/C OI

1.90

Slightly put-heavy

Consensus

4.0/10

Bearish tilt

Published snapshot: Jun 22, 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 22, 2026 close

EEM Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 VIX 19

Watch next session: Monitor put flow near 57 strike; Watch for dealer hedging activity

Flow Summary

Net premium: -$20.0M bearish

P/C volume ratio: 2.18

P/C OI ratio: 1.93

Heavy put demand, net negative premium, and negative gamma regime point to dealer vulnerability. Large put volumes and concentration near 57 indicate downside target. Invalidation if spot recovers above $77-$78 call strikes, flipping gamma positive. Bearish bias with risk of gamma squeeze below 57.

Notable Prints

EEM 2026-08-21 $77.00 Call

Vol: 9,032

OI: 262

Vol/OI: 34.5x

IV: 47.1%

Notional: ~$759K

Intent: Speculative bullish bet

Read-through: Aggressive call buying expecting rally above $77 by Aug expiration.

EEM 2026-07-24 $68.00 Put

Vol: 1,145

OI: 122

Vol/OI: 9.4x

IV: 43.5%

Notional: ~$349K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

EEM 2026-09-18 $54.00 Call

Vol: 976

OI: 235

Vol/OI: 4.2x

IV: 54.9%

Notional: ~$1.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

EEM 2027-03-19 $78.00 Call

Vol: 1,227

OI: 426

Vol/OI: 2.9x

IV: 41.1%

Notional: ~$558K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

EEM 2026-08-21 $50.00 Call

Vol: 783

OI: 392

Vol/OI: 2.0x

IV: 63.0%

Notional: ~$1.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Upside calls at $77, $76, $54, $78; $77 vol 9032 (34.5x OI)

Put additions: Heavy puts at $62 (10023 vol, 6386 OI) and $68 (1145 vol)

GEX/DEX consistency: GEX negative (-$102.7M) aligns with bearish flow; DEX positive (+121M) hedges

OI clusters: $62 put OI 6386 largest; $76 call OI 2809; $77 call OI 262

Hedging evidence: Put adds at $62 and $68 for downside hedges; potential collars

Max pain context: Spot below MP; $62 put OI heavy suggests pin near $62

Signal vs Noise

~Heavy put volume at $62 and $68 is real hedging demand

~High vol/OI at $77 call (34.5x) is speculative, not institutional

~GEX negative confirms bearish gamma positioning

~DEX positive indicates dealers long stock to hedge puts

Key Conclusions

🟤EEM bearish flow confirmed; put/call volume 2.18

⚠️Large put buying at $62 warns of downside risk

📈Upside call activity at $77 speculative but notable

How to Use These Reports

This flow reflects the market close on June 23, 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.