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EEM

iShares MSCI Emerging Markets ETFClose $67.32EOD only
Max Pain
$64.50
Next expiry Aug 21, 2026
Expected Move
±$1.36
2.0% from close
Price Gap
-2.82
Distance to max pain
IV Rank
6
Low premium
P/C OI
1.71
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: Aug 17, 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
Aug 17, 2026 close
EEM Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Put credit spreads
Invalidation: Spot below $65
Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +0.5 spot 1.9% from MP; +0.5 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV 45% vs VIX 18% – elevated
Favorable?
Yes

Term structure: Front put IV >100% (4DTE), back normal

⚠️Front put IV >100%: rich but risky due to short gamma

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-132.6M)

Gamma flip: ~$57.00 — Approx — based on put OI concentration of 81,824 (15.2% below spot)

OI concentrations: Put floor $45–$62, call wall $75

Verdict: Pin risk at $68 max pain; put floor support, skew negative

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $65.00/$62.50 put spread
Sell 65/62.5 put spread for 0.67 credit, defined risk, benefits from time decay and IV contraction.
Credit: $0.55-$0.67
Max loss: $1.83
BE: $64.33
Mgmt: Close at 50% max gain or 14 DTE; stop loss if spot breaches 67.

Risk Alerts

!Negative gamma (-$132.6M) amplifies volatility
!Spot below max pain $68, gravitational pull
!Put IV >100%: avoid naked shorts
How to Use These Reports
This theta reflects the market close on June 26, 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.